X0306 4/A 2016-12-30 2017-01-04 0 0001082506 Great Elm Capital Group, Inc. GEC 0001643733 Reed Peter A C/O GREAT ELM CAPITAL GROUP, INC. 200 CLARENDON ST. 51ST FLOOR BOSTON MA 02116 1 1 0 0 CIO & PRESIDENT COMMON STOCK 2016-12-30 4 P 0 64584 3.29 A 385507 D Amended share count represents 2,243 additional shares purchased as a result of a finalized backstop purchase obligation in connection with a rights offering. /s/ Richard S Chernicoff as Attorney-in-Fact for Reporting Person 2017-05-19