RAND CAPITAL CORP — Director's Dealing 2018

Jun 21, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2018-06-12

Reporting Person: User-Friendly Holding, LLC (10% Owner)
Reporting Person: User-Friendly Phone Book, LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.10 per share	1455993	Indirect

Footnotes

F1: The shares of common stock reported herein are owned directly by User-Friendly Phone Book, LLC, a Delaware limited liability company ("UFPB"). UFPB is a wholly-owned subsidiary of, and is controlled by, User-Friendly Holding, LLC, a Delaware limited liability company ("UFH"). Jeffrey T. Stevenson controls the board of managers of UFH. This report shall not be deemed an admission that UFPB, UFH or any other person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose.