GLADSTONE CAPITAL CORP — Director's Dealing 2006

Sep 29, 2006

SEC Form 4/A — Form 4/A

Issuer: GLADSTONE CAPITAL CORP (GLAD)
CIK: 0001143513
Period of Report: 2006-09-26

Reporting Person: BRUBAKER TERRY LEE (Director, COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-26	Common Stock	M	22500	$15.00	Acquired	142710	Direct
2006-09-26	Common Stock	S	22500	$22.1834	Disposed	120210	Direct
2006-09-27	Common Stock	M	84166	$15.00	Acquired	204376	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-26	Common Stock	$15.00	M	22500	Disposed	2006-09-30	Common Stock (22500)	Direct
2006-09-27	Common Stock	$15.00	M	84166	Disposed	2006-09-30	Common Stock (84166)	Direct

Footnotes

F1: The options vested in two equal installments of 100,000 shares each on 8/23/01 and 8/23/02