X0304 4 2011-09-06 0001321741 GLADSTONE INVESTMENT CORPORATION\DE GAIN 0001238279 DULLUM DAVID A R 1521 WESTBRANCH DRIVE SUITE 200 MCLEAN VA 22102 1 1 0 0 President Common Stock 2011-09-06 4 P 0 4000 6.40 A 34716 D Common Stock 1349 I spouse Shares of common stock which are held in the name of Mr. Dullum's spouse. Mr. Dullum disclaims beneficial ownership of those 1,349 shares and this report shall not be deemed an admission that Mr. Dullum is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Paula Novara, Attorney-in-fact 2011-09-06