Golub David Form 4 GOLUB CAPITAL BDC / David Golub ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Golub David

(Last) (First) (Middle)

C/O GOLUB CAPITAL BDC, INC.

200 PARK AVENUE, 25TH FLOOR

(Street)

NEW YORK NY 10166

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GOLUB CAPITAL BDC, Inc. [ GBDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Subscription Rights (right to buy)	(1)	04/22/2020		P		100		04/22/2020	05/06/2020	Common Stock	100	$0.55	100	I	By GGP Holdings, L.P.(2)
Subscription Rights (right to buy)	(1)	05/04/2020		P		767,773		05/04/2020	05/06/2020	Common Stock	767,773	$0.5829	767,873	I	By GGP Holdings, L.P.(2)
Subscription Rights (right to buy)	(1)	05/04/2020		P		855,548		05/04/2020	05/06/2020	Common Stock	855,548	$0.4511	1,623,421	I	By GEMS Fund 4, L.P.(3)

Explanation of Responses:

1. Estimated subscription price of $11.45.

2. Due to his control of and ownership interest in GGP Holdings, L.P., Mr. Golub is viewed as having investment power overall all the shares owned by such entity.

3. Due to his control of and ownership interest in GEMS Fund 4, L.P., Mr. Golub is viewed as having investment power overall all the shares owned by such entity although voting rights were passed through to the limited partners. Mr. Golub disclaims beneficial ownership of such shares of GBDC stock held by GEMS Fund 4, L.P., except to the extent of his pecuniary interest therein.

	/s/ David B. Golub	05/06/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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