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: 2006-08-10

Reporting Person: PARKER ANTHONY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-10	Common Stock	M	5000	$16.40	Acquired	8951	Direct
2006-08-10	Common Stock	S	5000	$21.90	Disposed	3951	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-10	Stock Option	$16.40	M	5000	Disposed	2013-01-28	Common Stock (5000)	Direct

Footnotes

F1: The option vested in four equal installments of 5,000 shares each on 1/29/2003, 3/26/2003, 8/23/2003 and 3/26/2004.