SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KNOTT DAVID M

(Last)

(First)

(Middle)

485 UNDERHILL BLVD

STE 205

(Street)

SYOSSET

11791-3419

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Hyde Park Acquisition CORP [ HYDQU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	07/02/2008		P		57,900⁽⁷⁾	A	⁽⁹⁾	673,700	I	By Knott Partners, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock⁽¹⁾	07/02/2008		P		34,600⁽⁷⁾	A	⁽⁹⁾	417,900	I	By Shoshone Partners, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock⁽¹⁾	07/02/2008		S		57,300⁽⁷⁾	D	⁽⁹⁾	768,500	I	By Knott Partners Offshore Master Fund, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock⁽¹⁾								9,000	I	By Mulsanne Partners, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock⁽¹⁾	07/02/2008		S		37,300⁽⁷⁾	D	⁽⁹⁾	33,000	I	By Managed Accounts⁽³⁾⁽⁵⁾⁽⁶⁾
Common Stock⁽¹⁾	07/02/2008		P		2,100⁽⁷⁾	A	⁽⁹⁾	24,900	I	By Other Managed Account⁽⁴⁾⁽⁵⁾⁽⁶⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Warrants (right to buy)⁽¹⁾	$5	07/02/2008		P		57,900⁽⁷⁾		⁽⁸⁾	03/04/2011	Common Stock	57,900⁽⁷⁾	⁽⁹⁾	808,300	I	By Knott Partners, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock Warrants (right to buy)⁽¹⁾	$5	07/02/2008		P		34,600⁽⁷⁾		⁽⁸⁾	03/04/2011	Common Stock	34,600⁽⁷⁾	⁽⁹⁾	492,400	I	By Shoshone Partners, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock Warrants (right to buy)⁽¹⁾	$5	07/02/2008		S			57,300⁽⁷⁾	⁽⁸⁾	03/04/2011	Common Stock	57,300⁽⁷⁾	⁽⁹⁾	768,500	I	By Knott Partners Offshore Master Fund, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock Warrants (right to buy)⁽¹⁾	$5							⁽⁸⁾	03/04/2011	Common Stock	4,900		4,900	I	By Mulsanne Partners, L.P.⁽²⁾⁽⁵⁾⁽⁶⁾
Common Stock Warrants (right to buy)⁽¹⁾	$5	07/02/2008		S			37,300⁽⁷⁾	⁽⁸⁾	03/04/2011	Common Stock	37,300⁽⁷⁾	⁽⁹⁾	36,900	I	By Managed Accounts⁽³⁾⁽⁵⁾⁽⁶⁾
Common Stock Warrants (right to buy)⁽¹⁾	$5	07/02/2008		P		2,100⁽⁷⁾		⁽⁸⁾	03/04/2011	Common Stock	2,100⁽⁷⁾	⁽⁹⁾	29,000	I	By Other Managed Account⁽⁴⁾⁽⁵⁾⁽⁶⁾

Explanation of Responses:

1. The reported securities identified in Columns 4 and 5 of Table I and Columns 5 and 9 of Table II represent components of Units purchased for $8.00 per Unit. Each Unit consists of one (1) share of common stock and one warrant to purchase one (1) share of common stock. The securities listed in column 5 and column 9 of, respectively, Table I and Table II include both the common stock and warrant components of such Units, as well as common stock and warrants acquired in open market transactions.

2. The Reporting Person is the managing member of Knott Partners Management, LLC, which is (i) the sole general partner of Shoshone Partners, L.P., Knott Partners Offshore Master Fund, L.P., and Mulsanne Partners, L.P. and (ii) the managing general partner of Knott Partners, L.P. The Reporting Person is also a general partner of Knott Partners, L.P.

3. The securities identified in this row are held by managed accounts for which Dorset Management Corporation provides portfolio management services (the "Managed Accounts"). The Reporting Person is the President and sole director of Dorset Management Corporation. The Managed Account sold Units in the cross transaction described in footnote 7 in this Statement. The Managed Account did not acquire any securities of the issuer during the preceding six months.

4. The securities identified in this row are held by a managed account for which Dorset Management Corporation provides portfolio management services, other than the Managed Accounts (the "Other Managed Account").

5. As a result of the Reporting Person's interests in Knott Partners Management, LLC and in Dorset Management Corporation, the Reporting Person has investment discretion and control of the securities represented in this entry. The Reporting Person may be deemed to beneficially own an indirect pecuniary interest in the securities represented in this entry as a result of its performance-related fee. Except with respect to Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., and Shoshone Partners, L.P., in which the Reporting Person owns a beneficial interest, the Reporting Person disclaims beneficial ownership therein except to the extent ultimately realized.

6. Each of Knott Partners, L.P., Knott Partners Offshore Master Fund, L.P., Shoshone Partners, L.P., Mulsanne Partners, L.P., the Managed Accounts and the Other Managed Account disclaims beneficial ownership of securities reported as owned by any other party.

7. Each entry reports a component of a cross transaction in the Units described in footnote 1 among the accounts identified in Column 7 of Table I and Column 11 of Table II that are coded P or S in, respectively, Column 3 and Column 4. The cross transactions reported reflect a reallocation of Units among the Reporting Person's managed clients, and the accounts that disposed of Units in the cross transaction did not acquire any Units in the cross transaction.

8. Each warrant shall become exercisable only in the event of Hyde Park Acquisition Corp.'s completion of a business combination. In consequence, they do not represent derivative securities of the issuer and are only included in this Statement in order more fully to describe the transaction described in footnote 7.

9. The common stock and warrants subject to the cross transaction reflected on this Statement included only those comprising components of Units described in footnote 1 and did not include any securities acquired in open market transactions. All transactions were effected at a price of $9.70 per Unit.

	/s/ David M. Knott	07/07/2008
	** Signature of Reporting Person	Date
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