SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* KOHLBERG JAMES A (Last) (First) (Middle) C/O KOHLBERG & CO., L.L.C. 111 RADIO CIRCLE (Street) MT. KISCO NY 10549 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/11/2006	3. Issuer Name and Ticker or Trading Symbol Kohlberg Capital CORP [ KCAP ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner X Officer (give title below) Other (specify below) Vice President	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	759,164	D
Common Stock	300,000	I	By KKAT Acquisition Company III, LLC(1)
Common Stock	210,000	I	By KKAT Acquisition Company IV, LLC(2)
Common Stock	221,333	I	By KKAT Acquisition Company V, LLC(3)
Common Stock	300,000	I	By KKAT Acquisition Company VII, LLC(4)
Common Stock	226,667	I	By KKAT Acquisition Company VIII, LLC(5)
Common Stock	264,493	I	By KAT Associates, LLC(6)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to purchase common stock	12/11/2007(7)	12/11/2016	Common Stock	5,000	15	D

Explanation of Responses:

1. Represents shares owned by KKAT Acquisition Company III, LLC. Mr. Kohlberg is the Managing Member of KKAT Acquisition Company III, LLC and, as such, may be deemed to have voting and dispositive power with respect to the shares owned by KKAT Acquisition Company III, LLC. In addition, Mr. Kohlberg is a beneficiary under certain trusts that are members of KKAT Acquisition Company III, LLC. Mr. Kohlberg disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

2. Represents shares owned by KKAT Acquisition Company IV, LLC. Mr. Kohlberg is the Managing Member of KKAT Acquisition Company IV, LLC and, as such, may be deemed to have voting and dispositive power with respect to the shares owned by KKAT Acquisition Company IV, LLC. In addition, Mr. Kohlberg is a beneficiary under certain trusts that are members of KKAT Acquisition Company IV, LLC. Mr. Kohlberg disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

3. Represents shares owned by KKAT Acquisition Company V, LLC. Mr. Kohlberg is the Managing Member of KKAT Acquisition Company V, LLC and, as such, may be deemed to have voting and dispositive power with respect to the shares owned by KKAT Acquisition Company V, LLC. In addition, Mr. Kohlberg is a beneficiary under certain trusts that are members of KKAT Acquisition Company V, LLC. Mr. Kohlberg disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

4. Represents shares owned by KKAT Acquisition Company VII, LLC. Mr. Kohlberg is the Managing Member of KKAT Acquisition Company VII, LLC and, as such, may be deemed to have voting and dispositive power with respect to the shares owned by KKAT Acquisition Company VII, LLC. In addition, Mr. Kohlberg is a beneficiary under certain trusts that are members of KKAT Acquisition Company VII, LLC. Mr. Kohlberg disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

5. Represents shares owned by KKAT Acquisition Company VIII, LLC. Mr. Kohlberg is the Managing Member of KKAT Acquisition Company VIII, LLC and, as such, may be deemed to have voting and dispositive power with respect to the shares owned by KKAT Acquisition Company VIII, LLC. In addition, Mr. Kohlberg is a beneficiary under certain trusts that are members of KKAT Acquisition Company VIII, LLC. Mr. Kohlberg disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

6. Represents shares owned by KAT Associates, LLC. Mr. Kohlberg is a beneficiary under certain trusts that are members of KAT Associates, LLC. Mr. Kohlberg disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

7. The option to purchase common stock vests 50% each year on the anniversary of the option grant date. Thus 50% will vest on December 11, 2007 and an additional 50% will vest on December 11, 2008.

	/s/ James A. Kohlberg	12/11/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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