4//SEC Filing
PROSPECT STREET HIGH INCOME PORTFOLIO INC 4
Accession 0001209191-06-067168
CIK 0000832904other
Filed
Dec 26, 7:00 PM ET
Accepted
Dec 27, 8:19 PM ET
Size
16.6 KB
Accession
0001209191-06-067168
Insider Transaction Report
Form 4
DONDERO JAMES D
Other
Transactions
- Disposition to Issuer
Common Stock
2006-12-22−97,032.246→ 1,518,135.077 total(indirect: See Footnote) - Disposition to Issuer
Common Stock
2006-12-27$1.61/sh−60,724.21$97,766→ 1,536,853.996 total(indirect: See Footnote) - Tax Payment
Common Stock
2006-12-22$3.22/sh+79,443.129$255,807→ 1,597,578.206 total(indirect: See Footnote) - Disposition to Issuer
Common Stock
2006-12-22$1.61/sh−200,741.05$323,193→ 1,615,167.323 total(indirect: See Footnote) - Disposition to Issuer
Common Stock
2006-12-27−29,352.269→ 1,507,501.727 total(indirect: See Footnote) - Tax Payment
Common Stock
2006-12-27$3.22/sh+23,899.909$76,958→ 1,531,401.637 total(indirect: See Footnote)
Footnotes (5)
- [F1]Shares disposed of by the HCM Services Option Plan (the "Option Plan").
- [F2]This price reflects an upward adjustment to the exercise price of options to purchase shares of Prospect Street High Income Shares, Inc. ("PHY") granted to certain employees of Highland Capital Management, LP ("HCMLP") on June 29, 2001. The per share exercise price of each option granted pursuant to those grants shall be the greater of (a) $1.1875 and (b) fifty percent (50%) of the fair market value of the underlying shares of CNN on the date of exercise.
- [F3]Includes (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 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 and (viii) 18,379.858 shares held by the Highland 401(k) Plan (the "401(k) Plan") for the account of Mr. Dondero.
- [F4]HCMLP is the investment advisor for Prospect Street High Income Portfolio, Inc. HCMLP maintains the 401(k) Plan and the Option Plan for the benefit of its employees. Mr. Dondero is the President of HCMLP and the trustee of Canis Major, Canis Minor and the 401(k) Plan. Each of CDO, HEFF and PCMG are controlled by HCMLP. Each of the Option Plan and the 401(k) Plan 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 interest therein.
- [F5]These shares were withheld by the Option Plan in connection with tax liabilities incurred as a result of exercises of options to purchase shares of PHY.
Documents
Issuer
PROSPECT STREET HIGH INCOME PORTFOLIO INC
CIK 0000832904
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0000832904
Filing Metadata
- Form type
- 4
- Filed
- Dec 26, 7:00 PM ET
- Accepted
- Dec 27, 8:19 PM ET
- Size
- 16.6 KB