4//SEC Filing
PROSPECT STREET INCOME SHARES INC 4
Accession 0001209191-06-037356
CIK 0000021178other
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 8:09 PM ET
Size
21.3 KB
Accession
0001209191-06-037356
Insider Transaction Report
Form 4
DONDERO JAMES D
Other
Transactions
- Other
Stock Option (Right to Buy)
2002-02-28+1→ 1 totalExercise: $1.75From: 2002-02-28Exp: 2012-02-28→ Common Stock (241,986.5 underlying) - Purchase
Common Stock
2002-02-28$6.74/sh+260,357$1,754,806→ 260,357 total(indirect: See Footnote) - Exercise of In-Money
Common Stock
2006-02-28$1.75/sh−1,293.145$2,263→ 467,564.508 total(indirect: See Footnote) - Other
Stock Option (Right to Buy)
2002-02-28−20→ 0 total(indirect: See Footnote)Exercise: $1.75From: 2002-02-28Exp: 2012-02-28→ Common Stock (520,714 underlying) - Exercise of In-Money
Stock Option (Right to Buy)
2006-02-28+1→ 0 total(indirect: See Footnote)Exercise: $1.75From: 2002-02-28Exp: 2012-02-28→ Common Stock (1,293.145 underlying) - Expiration
Stock Option (Right to Buy)
2006-02-28−1→ 0 total(indirect: See Footnote)Exercise: $1.75From: 2002-02-28Exp: 2012-02-28→ Common Stock (1,564.005 underlying) - Other
Stock Option (Right to Buy)
2004-03-29$307408.45/sh+6$1,844,451→ 6 total(indirect: See Footnote)Exercise: $3.50From: 2002-02-28Exp: 2012-02-28→ Common Stock (72,142.62 underlying)
Footnotes (9)
- [F1]Shares of common stock ("Shares"), par value $1.00 per share, of Prospect Street Income Shares, Inc. ("CNN") acquired by the HCM Services Option Plan (the "Plan").
- [F2]Shares disposed of by the Plan.
- [F3]Includes (i) 200,816 shares held by The Canis Major Trust ("Canis Major"), (ii) 259,063.855 shares held by the Plan and (iii) 7,684.653 shares held by the Highland 401(k) Plan (the "401(k) Plan") for the account of Mr. Dondero.
- [F4]Highland Capital Management, LP ("HCMLP") is the investment advisor for CNN. HCMLP maintains the Plan and the 401(k) Plan for the benefit of its employees. Mr. Dondero is the President of HCMLP and the trustee of Canis Major, the Plan and the 401(k) Plan. The Plan and the 401(k) Plan expressly disclaim beneficial ownership of the securities reported herein. Canis Major, HCMLP and Mr. Dondero each expressly disclaims beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.
- [F5]Per share exercise price of each option shall be the greater of (a) the price specified in Column 2 and (b) fifty percent (50%) of the fair market value of the underlying Shares on the date of exercise.
- [F6]Options to purchase Shares of CNN granted pursuant to the Plan.
- [F7]Option issued to Mr. Dondero as described in footnote 6.
- [F8]HCMLP and the employee optionholder agreed to cause the expiration of a portion of an in-the-money option previously granted by HCMLP to the employee optionholder on 02/28/2002 in lieu of payment of the exercise price of such option.
- [F9]HCMLP and the employee optionholders agreed to cancel these in-the-money options for the value shown.
Documents
Issuer
PROSPECT STREET INCOME SHARES INC
CIK 0000021178
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0000021178
Filing Metadata
- Form type
- 4
- Filed
- Jun 18, 8:00 PM ET
- Accepted
- Jun 19, 8:09 PM ET
- Size
- 21.3 KB