GLADSTONE CAPITAL CORP — Director's Dealing 2006

Aug 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLADSTONE CAPITAL CORP (GLAD)
CIK: 0001143513
Period of Report: 2006-08-14

Reporting Person: PARKER ANTHONY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-14	Common Stock	M	10000	$15.75	Acquired	13951	Direct
2006-08-14	Common Stock	S	10000	$21.90	Disposed	3951	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-14	Stock Option	$16.40	M	10000	Disposed	2013-02-23	Common Stock (10000)	Direct

Footnotes

F1: The option vested in two equal installments of 5,000 shares each on 2/24/2004 and 2/24/2005.