Franklin BSP Lending (BDVC) Form 3 Business Development Corp of America / James A. Fisher ownership change

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^*

Fisher James A.

(Last) (First) (Middle)

405 PARK AVENUE

14TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/20/2015

3. Issuer Name and Ticker or Trading Symbol
Business Development Corp of America [ NONE ]

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

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

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)

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
Awards	(1)	(1)	Common stock, par value $0.001 per share	24,802(1)	0	D

Explanation of Responses:

1. As of the date of this report, unvested Awards with respect to shares of the Issuer's common stock held by AR Capital, LLC, which is an affiliate of BDCA Adviser, LLC (the "Adviser"), have been granted to Mr. Fisher pursuant to AR Capital, LLC's Restricted Stock Unit Plan A (the "Plan") in effect as of March 15, 2015. Unvested Awards under the Plan for Mr. Fisher are scheduled to vest as follows: 34% on March 13, 2016, 33% on March 13, 2017 and 33% on March 13, 2018. The vested units will be redeemed and converted at the time of redemption and conversion in the form of either shares of the Issuer's common stock, in cash (equal to the then fair market value of such shares), or any combination thereof, with each vested restricted stock unit that is redeemed and converted equivalent to one share of the Issuer's common stock. As of the date of this report, Mr. Fisher holds unvested Awards with respect to 24,802 shares of the Issuer's common stock pursuant to the Plan.

	/s/ James A. Fisher	12/17/2015
	** 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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