X0303 4 2009-03-24 0 0001444874 Teton Advisors, Inc. NONE 0001185533 GABELLI MARIO J C/O GAMCO INVESTORS, INC ONE CORPORATE CENTER RYE NY 10580 0 0 1 0 0000807249 GAMCO INVESTORS, INC. ET AL ONE CORPORATE CENTER RYE NY 10580 0 0 1 0 0001238894 GGCP, INC. 140 GREENWICH AVENUE GREENWICH CT 06830 0 0 1 0 0001277093 MJG IV LIMITED PARTNERSHIP ONE CORPORATE CENTER RYE NY 10580 0 0 1 0 Class A Common Stock 2009-03-24 4 J 0 30970 D 300322 I By: Partnership Class B Common Stock 302667 I By: Corporation On March 24, 2009, GAMCO Investors, Inc. ("GAMCO") distributed 30,970 shares of Class A Common Stock ("Class A Shares") of Teton Advisors, Inc. ("Teton") to Cascade Investment, L.L.C., the holder of certain convertible promissory notes issued by GAMCO. GAMCO no longer owns any Class A Shares of Teton. MJG-IV Limited Partnership ("MJG-IV), a limited partnership of certain family of Mario J. Gabelli, owns 300,352 Class A Shares of Teton. Mr. Gabelli is the general partner of MJG-IV. Mr. Gabelli disclaims beneficial interest in excess of his pecuniary interests in MJG-IV. GGCP, Inc. ("GGCP") owns 299,024 shares of Class B Common Stock ("Class B Shares") of Teton. Mr. Gabelli is the Chief Executive Officer, a director and the controlling shareholder of GGCP. Mr. Gabelli disclaims beneficial interest in excess of his pecuniary interest in GGCP. Mr. Gabelli owns 3,643 Class B Shares of Teton directly. Pursuant to Teton's Certificate of Incorporation, the Class B Shares are convertible into Class A Shares at a ratio of one to one. /s/ Douglas R. Jamieson, Attorney-In-Fact for MARIO J. GABELLI,MJG-IV LIMITED PARTNERSHIP, GGCP, INC., and GAMCO INVESTORS, INC. 2009-03-26