X0206 3 2017-09-18 0 0001082506 Great Elm Capital Group, Inc. GEC 0001715823 Kleinman Adam M C/O GREAT ELM CAPITAL GROUP, INC. 800 SOUTH STREET, SUITE 230, WALTHAM, MA BOSTON MA 02116 0 1 0 0 See Remarks Common Stock 12258 D Common Stock 21761 I By Mast Admiral Master Fund LP Performance Shares of Common Stock 220923 D Vesting of these performance shares subject to pre-established performance goals over a period ending November 2021. General Counsel and Chief Operating Officer of Great Elm Capital Management, Inc. Exhibit List: Exhibit 24 - Power of Attorney /s/ Richard S. Chernicoff as Attorney-in-Fact for Reporting Person 2017-09-20