BC Advisors LLC 3
3 · Great Elm Capital Group, Inc. · Filed Mar 2, 2020
Insider Transaction Report
Form 3
SRB Management, L.P.
10% OwnerOther
Holdings
- (indirect: See Footnote)
5.0% Convertible Senior PIK Note due 2030
Exercise: $3.47From: 2020-02-26Exp: 2030-02-26→ Common Stock (432,002 underlying) - 2,402,792(indirect: See Footnote)
Common Stock
- (indirect: See Footnote)
5.0% Convertible Senior PIK Note due 2030
Exercise: $3.47From: 2020-02-26Exp: 2030-02-26→ Common Stock (936,005 underlying) - (indirect: See Footnote)
5.0% Convertible Senior PIK Note due 2030
Exercise: $3.47From: 2020-02-26Exp: 2030-02-26→ Common Stock (288,001 underlying)
Footnotes (6)
- [F1]Northern Right Capital (QP), L.P. ("Northern Right QP") beneficially owns and has the power to vote or to direct the vote of 1,136,792 shares of common stock of Great Elm Capital Group, Inc. ("GEC"). A managed account (the "Account") on behalf of an investment advisory client of Northern Right Capital Management, L.P. ("Northern Right Management") beneficially owns 1,266,000 shares of common stock of GEC.
- [F2]Represents 5.0% Convertible Senior PIK Notes due 2030 (the "Notes") of GEC purchased by certain investment advisory clients (collectively, the "Managed Accounts") of Northern Right Management. Northern Right Management acts as investment manager for the Managed Accounts.
- [F3]Represents Notes purchased by NRC Partners I, L.P. ("NRC Partners").
- [F4]Represents Notes purchased by Northern Right QP.
- [F5]As general partner and investment manager of NRC Partners and Northern Right QP, Northern Right Management may be deemed to be the beneficial owner of the securities held by NRC Partners and Northern Right QP. As the investment manager of the Account and the Managed Accounts, Northern Right Management may also be deemed to be the beneficial owner of the securities held by such accounts. As general partner of Northern Right Management, BC Advisors, LLC ("BCA") may be deemed to be the beneficial owner of the securities beneficially owned (or deemed beneficially owned) by Northern Right Management. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein that may be beneficially owned by any of the other Reporting Persons, in each case except to the extent of any pecuniary interest therein,
- [F6](continued from footnote 5) and this report shall not be deemed an admission that any such entity or person is the beneficial owner of or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.