RAND CAPITAL CORP — Director's Dealing 2016

Dec 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2016-12-13

Reporting Person: COLMAC HOLDINGS LTD (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-13	Common Stock	S	810000	$3.00	Disposed	0	Indirect

Footnotes

F1: Prior to effecting the sales, Colmac Holdings Ltd. sold its 810,000 shares of common stock of Rand Capital Corporation to its affiliate, Georgian Villas Inc. Georgian Villas Inc. then effected the sales in a series of private transactions on December 13, 2016.