GLADSTONE CAPITAL CORP — Director's Dealing 2005

Feb 11, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLADSTONE CAPITAL CORP (GLAD)
CIK: 0001143513
Period of Report: 2005-02-09

Reporting Person: ENGLISH MICHELA A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-09	Stock Option	$24.39	A	10000	Acquired	2015-02-08	Common Stock (10000)	Direct

Footnotes

F1: Fifty percent of the shares underlying this option become exerciseable on 2/9/2006 and the remaining fifty percent become exerciseable on 2/9/2007.