Mark Kuperschmid - Jun 15, 2022 Form 4 Insider Report for Great Elm Capital Corp. (GECC)

Role
Director
Signature
/s/ Adam M. Kleinman, attorney-in-fact
Stock symbol
GECC
Transactions as of
Jun 15, 2022
Transactions value $
$74,825
Form type
4
Date filed
6/17/2022, 04:53 PM
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GECC Common Stock Options Exercise $74.8K +5.99K +100% $12.50 12K Jun 15, 2022 By Benmark Investments LLC F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GECC Subscription Rights Options Exercise $0 -5.99K -100% $0.00* 0 Jun 15, 2022 Common Stock 5.99K $12.50 By Benmark Investments LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 15, 2022, the Reporting Person exercised in full his primary subscription rights (each 1 subscription right entitling him to purchase 1 share of Common Stock), which were issued to holders of Common Stock on the May 23, 2022 record date for the rights offering.
F2 The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of any of the reported shares for purposes of Section 16 or for any other purpose.