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PROSPECT STREET HIGH INCOME PORTFOLIO INC 4

Accession 0000950172-07-000212

CIK 0000832904other

Filed

Aug 15, 8:00 PM ET

Accepted

Aug 16, 11:21 AM ET

Size

7.1 KB

Accession

0000950172-07-000212

Insider Transaction Report

Form 4
Period: 2007-07-02
Transactions
  • Purchase

    Common Stock

    2007-07-02$3.27/sh+4,355$14,2412,234,635.779 total(indirect: See Footnote)
Footnotes (3)
  • [F1]Shares purchased by the Highland 401(k) Plan ("401(k) Plan").
  • [F2]Comprised of (i) 915,000 shares held by the Highland CDO Opportunity Fund, Ltd. ("CDO"), (ii) 200,816 shares held by The Canis Major Trust ("Canis Major"), (iii) 101,538 shares held by The Canis Minor Trust ("Canis Minor"), (iv) 70,982 shares held by Highland Capital Management, LP ("HCMLP"), (v) 84,514 shares held by PCMG Trading Partners XXIII, LP ("PCMG"), (vi) 2,275 held by the Highland Equity Focus Fund, L.P. ("HEFF"), (vii) 137,896.779 shares held by the Option Plan, (viii) 610,014 shares held by the 401(k) Plan and (ix) 111,600 shares held by the Retirement Plan and Trust.
  • [F3]HCMLP is the investment adviser for Prospect Street High Income Portfolio, Inc. HCMLP maintains the 401(k) Plan, the Option Plan and the Retirement Plan and Trust for the benefit of its employees. Mr. Dondero is the President of HCMLP and the trustee of Canis Major, Canis Minor, the 401(k) Plan and the Retirement Plan and Trust, as well as a participant in the 401(k) Plan and Retirement Plan and Trust. Each of CDO, HEFF and PCMG are controlled by HCMLP. Each of the Option Plan, the 401(k) Plan and Retirement Plan and Trust expressly disclaims beneficial ownership of the securities reported herein. Each of CDO, HEFF, PCMG, Canis Major, Canis Minor, HCMLP and Mr. Dondero expressly disclaims beneficial ownership of the securities reported herein, except to the extent of their pecuniary interests therein.

Issuer

PROSPECT STREET HIGH INCOME PORTFOLIO INC

CIK 0000832904

Entity typeother
IncorporatedMD

Related Parties

1
  • filerCIK 0000832904

Filing Metadata

Form type
4
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 11:21 AM ET
Size
7.1 KB