Matthew D. Kaplan - 15 Jun 2022 Form 4 Insider Report for Great Elm Capital Corp. (GECC)

Role: CEO and President
Signature: /s/ Adam M. Kleinman, Attorney-in-Fact
Issuer symbol: GECC
Transactions as of: 15 Jun 2022
Net transactions value: +$12,500
Form type: 4
Filing time: 17 Jun 2022, 16:59:10 UTC
Previous filing: 10 Mar 2022
Next filing: 09 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GECC	Common Stock	Options Exercise	$12,500	+1,000	+100%	$12.50	2,000	15 Jun 2022	Direct	F1

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	-1,000	-100%	$0.000000^*	0	15 Jun 2022	Common Stock	1,000	$12.50	Direct

* 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.