Exhibit 1 OPTION NO.: 1997-1 OPTIONEE: David J. Gladstone DATE OF GRANT: August 29, 1997 OPTION PRICE: $15.00 COVERED SHARES: 608,782 AMERICAN CAPITAL STRATEGIES, LTD. 1997 STOCK OPTION PLAN STOCK OPTION AGREEMENT I. Definitions. In this Agreement,...Gladstone David J • January 9th, 1998
