SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported.
X	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* Kratzman E A (Last) (First) (Middle) C/O KOHLBERG CAPITAL CORPORATION 295 MADISON AVENUE, 6TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Kohlberg Capital CORP [ KCAP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice President
	3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/11/2006
	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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock							96,771	D
Common Stock							2,136.98(1)	I	By children
Common Stock	12/11/2006		P4	500	A	$15	683.58(2)	I	By E.A. Kratzman Marital Trust(3)
Common Stock	05/08/2008		X4	84	A	$9.2666	767.58	I	By E.A. Kratzman Marital Trust(3)
Common Stock	05/08/2008		X4	416	A	$9.2666	1,183.58	I	By E.A. Kratzman Marital Trust(3)
Common Stock	08/21/2008		P4	1,000	A	$10.18	2,183.58	I	By E.A. Kratzman Marital Trust(3)

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)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Subscription Rights(4)	$9.2666	05/08/2008		4X		84	03/31/2008	04/28/2008	Common Stock	84	$0	0	I	By E.A. Kratzman Marital Trust(3)

Explanation of Responses:

1. Includes 136.98 shares acquired on October 28, 2008 under the Kohlberg Capital Corporation dividend reinvestment plan.

2. Includes 48.93 shares and 134.65 shares acquired on July 28, 2008 and October 28, 2008, respectively, under the Kohlberg Capital Corporation dividend reinvestment plan.

3. Represents shares held by the E.A. Kratzman Marital Trust for which the Reporting Person is a trustee and beneficiary.

4. Rights received as part of a pro-rata distribution to stockholders.

	/s/ E.A. Kratzman, by Michael I. Wirth, pursuant to a POA previously filed with the SEC	02/10/2009
	** 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 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.