GABELLI EQUITY TRUST INC — Director's Dealing 2014

Oct 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI EQUITY TRUST INC (GAB)
CIK: 0000794685
Period of Report: 2014-10-27

Reporting Person: GABELLI MARIO J (Director, Control Person of Adviser)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-27	Common Stock, Par Value $0.001	J	135424	$5.75	Acquired	1083387.27	Direct
2014-10-27	Common Stock, Par Value $0.001	J	83908	$5.75	Acquired	671256	Indirect
2014-10-27	Common Stock, Par Value $0.001	J	23607	$5.75	Acquired	60965	Indirect

Footnotes

F1: The reporting person acquired these common shares through the exercise of common share purchase rights.

F2: The shares reported reflect the total shares owned by GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares owned by this entity which are in excess of his indirect pecuniary interests.

F3: The reporting person acquired these common shares through a primary and pro-rata oversubscription allocation based on the exercise of common share purchase rights.

F4: The shares reported reflect the total shares owned by MJG IV Limited Partnership, a limited partnership for which Mr. Gabelli serves as a general partner. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares owned by this entity which are in excess of his indirect pecuniary interest.