Filing Details

Accession Number:
0000899243-18-024517
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-09-14 15:50:50
Reporting Period:
2018-09-12
Accepted Time:
2018-09-14 15:50:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1675033 Great Elm Capital Corp. GECC () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1429074 Mast Capital Management, Llc 31 St. James Avenue
6Th Floor
Boston MA 02116
No No Yes No
1429076 J. David Steinberg 31 St. James Avenue
6Th Floor
Boston MA 02116
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2018-09-12 45,448 $9.68 4,988,153 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnotes
Footnotes
  1. Represents 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) 23,174 shares of Common Stock sold by Mast Select Opportunities Master Fund, L.P. (ii) 20,739 shares of Common Stock sold by Mast Credit Opportunities I Master Fund Limited, (iii) 1,408 shares of Common Stock sold by Mast Admiral Master Fund, L.P. and (iv) 127 shares of Common Stock sold by Mast Select Opportunities, L.P.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.50 to $910.035, inclusive, on September 12, 2018
  3. Represents shares of Common Stock held directly by the Mast Accounts, for which MAST Capital is the investment manager, including: (i) 2,543,418 shares held by Mast Select Opportunities Master Fund, L.P; (ii) 2,276,279 shares held by Mast Credit Opportunities I Master Fund Limited; (iii) 154,497 shares held by Mast Admiral Master Fund, L.P. and (iv) 13,959 shares held by Mast Select Opportunities, L.P.
  4. As 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.
  5. Mr. 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.