| Accession Number: | 0000899243-20-014801 |
| Date: | 2020-05-29 |
| Issuer: | GREAT ELM CAPITAL GROUP, INC. (GEC) |
| Original Submission Date: |
IMPERIAL CAPITAL ASSET MANAGEMENT, LLC
10100 SANTA MONICA BLVD., SUITE 2400
LOS ANGELES, CA 90067
LONG BALL PARTNERS LLC
C/O IMPERIAL CAPITAL ASSET MANAGEMENT
10100 SANTA MONICA BLVD., SUITE 2400
LOS ANGELES, CA 90067
REESE JASON W.
C/O IMPERIAL CAPITAL ASSET MANAGEMENT
10100 SANTA MONICA BLVD., SUITE 2400
LOS ANGELES, CA 90067
| Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
|---|---|---|---|---|---|---|---|---|---|
| COMMON STOCK, PAR VALUE $0.001 PER SHARE | 2020-05-29 | P | 5,000 | a | $2.35 | 2,329,312 | indirect | f2 | |
| COMMON STOCK, PAR VALUE $0.001 PER SHARE | 2020-05-29 | 0 | $0.00 | 36,517 | indirect | f3 |
| Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
|---|
| ID | footnote |
|---|---|
| f1 | the price reported in column 4 is a weighted average price. these shares were purchased in multiple transactions at prices ranging from $2.25 to $2.38, inclusive. the reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the securities and exchange commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. |
| f2 | the common stock is held directly by long ball partners, llc ("long ball"). jason reese is portfolio manager to long ball and is chairman and chief executive officer of imperial capital asset management, llc ("icam"), which is the managing member and investment manager to long ball. each of mr. reese and icam disclaims beneficial ownership of the securities held by long ball except to the extent of that person's pecuniary interest therein. |
| f3 | mr. reese was awarded 36,517 restricted shares that vest commencing april 10, 2020, with 3,502 shares vesting immediately and of the remaining amount, one-twelfth vesting each monthly anniversary of such date, contingent upon continued service as a member of the board of directors of great elm capital group, inc. each of long ball and icam disclaims beneficial ownership of the securities held by mr. reese. |
