GLADSTONE CAPITAL CORP — Director's Dealing 2006

Aug 9, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLADSTONE CAPITAL CORP (GLAD)
CIK: 0001143513
Period of Report: 2006-08-07

Reporting Person: PARKER ANTHONY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-07	Common Stock	M	2150	$16.40	Acquired	6101	Direct
2006-08-07	Common Stock	S	2150	$21.994	Disposed	3951	Direct
2006-08-08	Common Stock	M	12850	$16.40	Acquired	16801	Direct
2006-08-08	Common Stock	S	12850	$21.9678	Disposed	3951	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-08	Stock Option	$16.40	M	12850	Disposed	2013-01-28	Common Stock (12850)	Direct
2006-08-07	Stock Option	$16.40	M	2150	Disposed	2013-01-28	Common Stock (2150)	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.