SEC Form 4 · accession 0000899243-19-004413
Great Elm Capital Corp. · GECC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 21, 2019
Accepted (ET)
Feb 21, 2019 · 5:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001675033
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4,F5 | Feb 19, 2019 | S | 20,900 | $8.32 | D | 2,403,391 | I | See footnotes |
| Common StockF6,F7,F8,F4,F5 | Feb 20, 2019 | S | 11,600 | $8.32 | D | 2,391,791 | I | See footnotes |
| Common StockF9,F10,F11,F4,F5 | Feb 21, 2019 | S | 6,400 | $8.3891 | D | 2,385,391 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of Common Stock, $0.01 Par Value, of Great Elm Capital Corp., a Maryland corporation (the "Common Stock" and the "Issuer"), sold by the following Mast Accounts: (i) 19,615 shares of Common Stock sold by Mast Select Opportunities Master Fund, L.P. and (ii) 1,285 shares of Common Stock sold by Mast Admiral Master Fund, L.P.
- F10The price reported in Column 4 is not a weighted average price. These shares were sold in a single transaction at price of $8.3891 on February 21, 2019
- F11Represents shares of Common Stock held directly by the Mast Accounts, for which MAST Capital is the investment manager, including: (i) 2,238,734 shares held by Mast Select Opportunities Master Fund, L.P and (ii) 146,657 shares held by Mast Admiral Master Fund, L.P.
- F2The price reported in Column 4 is not a weighted average price. These shares were sold in a single transaction at price of $8.32 on February 19, 2019
- F3Represents shares of Common Stock held directly by the Mast Accounts, for which MAST Capital is the investment manager, including: (i) 2,255,627 shares held by Mast Select Opportunities Master Fund, L.P and (ii) 147,764 shares held by Mast Admiral Master Fund, L.P.
- F4As the investment advisor of certain private investment funds (collectively, the "MAST Accounts"), including those disclosed herein, MAST Capital Management, LLC ("MAST Capital") may be deemed to be the beneficial owner of the shares of Common Stock held by the MAST Accounts disclosed herein. MAST Capital also has the right to an asset-based fee relating to the MAST Accounts. Pursuant to Rule 16a-1, MAST Capital disclaims such beneficial ownership, except to the extent of its pecuniary interest therein.
- F5Mr. Steinberg may also be deemed to beneficially own the shares of Common Stock beneficially owned (or deemed to be beneficially owned) by MAST Capital, as he is the principal of MAST Capital. Pursuant to Rule 16a-1, Mr. Steinberg disclaims such beneficial ownership, except to the extent of his pecuniary interest therein.
- F6Represents shares of Common Stock, $0.01 Par Value, of Great Elm Capital Corp., a Maryland corporation (the "Common Stock" and the "Issuer"), sold by the following Mast Accounts: (i) 10,887 shares of Common Stock sold by Mast Select Opportunities Master Fund, L.P. and (ii) 713 shares of Common Stock sold by Mast Admiral Master Fund, L.P.
- F7The price reported in Column 4 is not a weighted average price. These shares were sold in a single transaction at price of $8.382 on February 20, 2019
- F8Represents shares of Common Stock held directly by the Mast Accounts, for which MAST Capital is the investment manager, including: (i) 2,244,740 shares held by Mast Select Opportunities Master Fund, L.P and (ii) 147,051 shares held by Mast Admiral Master Fund, L.P.
- F9Represents shares of Common Stock, $0.01 Par Value, of Great Elm Capital Corp., a Maryland corporation (the "Common Stock" and the "Issuer"), sold by the following Mast Accounts: (i) 6,006 shares of Common Stock sold by Mast Select Opportunities Master Fund, L.P. and (ii) 394 shares of Common Stock sold by Mast Admiral Master Fund, L.P.