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PROSPECT STREET HIGH INCOME PORTFOLIO INC 4

Accession 0001209191-06-037357

CIK 0000832904other
View on SEC.govCompany Profile

Filed

Jun 18, 8:00 PM ET

Accepted

Jun 19, 8:11 PM ET

Size

26.3 KB

Accession

0001209191-06-037357

Insider Transaction Report

Form 4
Period: 2001-06-29
PROSPECT STREET HIGH INCOME PORTFOLIO INCPHY
DONDERO JAMES D
Other
Transactions
  • Other

    Stock Option (Right to Buy)

    2002-02-28−3→ 0 total(indirect: See Footnote)
    Exercise: $1.25From: 2002-02-28Exp: 2022-02-28→ Common Stock (11,000 underlying)
  • Exercise of In-Money

    Stock Option (Right to Buy)

    2006-02-28+1→ 0 total(indirect: See Footnote)
    Exercise: $1.19From: 2001-06-29Exp: 2021-06-29→ Common Stock (4,214.475 underlying)
  • Purchase

    Common Stock

    2001-06-29$5.08/sh+421,051.99$2,138,944→ 571,051.99 total(indirect: See Footnote)
  • Other

    Stock Option (Right to Buy)

    2001-06-29+1→ 1 total
    Exercise: $1.19From: 2001-06-29Exp: 2021-06-29→ Common Stock (315,958.73 underlying)
  • Exercise of In-Money

    Common Stock

    2006-02-28$1.19/sh−4,214.475$5,005→ 893,690.844 total(indirect: See Footnote)
  • Other

    Stock Option (Right to Buy)

    2001-06-29−18→ 0 total(indirect: See Footnote)
    Exercise: $1.19From: 2001-06-29Exp: 2021-06-29→ Common Stock (842,103.99 underlying)
  • Expiration

    Stock Option (Right to Buy)

    2006-02-28−1→ 0 total(indirect: See Footnote)
    Exercise: $1.19From: 2001-06-29Exp: 2021-06-29→ Common Stock (2,101.315 underlying)
  • Purchase

    Common Stock

    2002-02-28$4.94/sh+5,566$27,496→ 637,617.99 total(indirect: See Footnote)
  • Other

    Stock Option (Right to Buy)

    2004-03-29$242719.56/sh+5$1,213,598→ 5 total(indirect: See Footnote)
    Exercise: $2.38From: 2001-06-29Exp: 2021-06-29→ Common Stock (107,614.74 underlying)
Footnotes (11)
  • [F1]Shares of common stock ("Shares"), par value $0.03 per share, of Prospect Street High Income Portfolio, Inc. ("PHY") acquired by the HCM Services Option Plan (the "Plan").
  • [F10]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 06/29/2001 in lieu of payment of the exercise price of such option.
  • [F11]HCMLP and the employee optionholders agreed to cancel these in-the-money options for the value shown.
  • [F2]Includes (i) 421,051.99 shares held by the Plan, (ii) 100,000 shares held by The Canis Minor Trust ("Canis Minor") and (iii) 50,000 shares held by Highland Capital Management, L.P. ("HCMLP").
  • [F3]Includes (i) 100,000 shares held by Canis Minor, (ii) 50,000 shares held by HCMLP, (iii) 61,000 shares held by PCMG Trading Partners XXIII, LP, ("PCMG") and (iv) 426,617.99 shares held by the Plan.
  • [F4]Shares disposed of by the Plan.
  • [F5]Includes (i) 200,816 shares held by The Canis Major Trust ("Canis Major"), (ii)101,538 shares held by Canis Minor, (iii) 70,982 shares held by HCMLP, (iv) 84,514 shares held by PCMG, (v) 422,403.515 shares held by the Plan and (vi) 13,437.329 shares held by the Highland 401(k) Plan (the "401(k) Plan") for the account of Mr. Dondero.
  • [F6]HCMLP is the investment advisor for PHY. HCMLP maintains the Plan and the 401(k) Plan for the benefit of its employees. Mr. Dondero is the President of HCMLP, the general partner of PCMG and the trustee of Canis Major, Canis Minor, the Plan and the 401(k) Plan. The Plan and the 401(k) Plan expressly disclaim beneficial ownership of the securities reported herein. PCMG, Canis Major, Canis Minor, HCMLP and Mr. Dondero each expressly disclaims beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.
  • [F7]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.
  • [F8]Options to purchase Shares of PHY granted pursuant to the Plan. The options identified herein vested on the date of the award.
  • [F9]Option issued to Mr. Dondero as described in footnote 8.

Documents

1 file

Issuer

PROSPECT STREET HIGH INCOME PORTFOLIO INC

CIK 0000832904

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Entity typeother
IncorporatedMD

Related Parties

1
  • filerCIK 0000832904

Filing Metadata

Form type
4
Filed
Jun 18, 8:00 PM ET
Accepted
Jun 19, 8:11 PM ET
Size
26.3 KB
View on SEC.gov