Filing Details

Accession Number:
0000899243-19-013772
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-05-16 17:24:43
Reporting Period:
2019-05-14
Accepted Time:
2019-05-16 17:24:43
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 2019-05-14 4,900 $8.55 1,599,608 No 4 S Indirect See footnotes
Common Stock Disposition 2019-05-15 9,400 $8.56 1,590,208 No 4 S Indirect See footnotes
Common Stock Disposition 2019-05-16 134,700 $8.69 1,455,508 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
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) 4,608 shares of Common Stock sold by Mast Select Opportunities Master Fund, L.P. and (ii) 292 shares of Common Stock sold by Mast Admiral Master Fund, L.P.
  2. The price reported in Column 4 is not a weighted average price. These shares were sold in a single transaction at price of $8.5460 on May 14, 2019.
  3. Represents shares of Common Stock held directly by the Mast Accounts, for which MAST Capital is the investment manager, including: (i) 1,504,340 shares held by Mast Select Opportunities Master Fund, L.P and (ii) 95,268 shares held by Mast Admiral Master Fund, 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.
  6. 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) 8,840 shares of Common Stock sold by Mast Select Opportunities Master Fund, L.P. and (ii) 560 shares of Common Stock sold by Mast Admiral Master Fund, L.P.
  7. The price reported in Column 4 is not a weighted average price. These shares were sold in a single transaction at price of $8.5580 on May 15, 2019
  8. Represents shares of Common Stock held directly by the Mast Accounts, for which MAST Capital is the investment manager, including: (i) 1,495,500 shares held by Mast Select Opportunities Master Fund, L.P and (ii) 94,708 shares held by Mast Admiral Master Fund, L.P.
  9. 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) 126,677 shares of Common Stock sold by Mast Select Opportunities Master Fund, L.P. and (ii) 8,023 shares of Common Stock sold by Mast Admiral Master Fund, L.P.
  10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.6211 to $8.70, inclusive, on May 16, 2019.
  11. Represents shares of Common Stock held directly by the Mast Accounts, for which MAST Capital is the investment manager, including: (i) 1,368,823 shares held by Mast Select Opportunities Master Fund, L.P and (ii) 86,685 shares held by Mast Admiral Master Fund, L.P.