Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Lindsey Mark Wayne

2. Date of Event Requiring Statement (MM/DD/YYYY) 1/1/2016

3. Issuer Name and Ticker or Trading Symbol

AMERICAN CAPITAL, LTD [ACAS]

(Last) (First) (Middle)

AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR

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

_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
SVP and Chief Acctg Officer /

(Street)

BETHESDA, MD 20814

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

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	29337.549	D
Common Stock	3535.732	I	By 401(k)

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options	4/29/2011 ⁽¹⁾	4/29/2020	Stock	960	$6.45	D
Options	7/22/2011 ⁽¹⁾	7/22/2020	Stock	6021	$5.19	D
Options	10/20/2012 ⁽²⁾	10/20/2021	Stock	9067	$6.77	D
Options	1/29/2014 ⁽³⁾	1/20/2023	Stock	29737	$13.10	D
Options	6/26/2008 ⁽¹⁾	6/26/2017	Stock	2598	$25.47	D
Options	7/27/2008 ⁽¹⁾	7/27/2017	Stock	2598	$26.69	D
Options	6/26/2010 ⁽¹⁾	6/26/2019	Stock	2598	$25.47	D
Options	7/27/2010 ⁽¹⁾	7/27/2019	Stock	2598	$26.69	D
Options	7/27/2008 ⁽¹⁾	7/27/2017	Stock	945	$29.36	D
Options	10/26/2008 ⁽¹⁾	10/26/2017	Stock	376	$32.34	D
Options	1/31/2009 ⁽¹⁾	1/31/2018	Stock	658	$27.08	D
Options	1/31/2010 ⁽¹⁾	1/31/2019	Stock	2626	$27.08	D
Options	7/27/2010 ⁽¹⁾	7/27/2019	Stock	1414	$29.36	D
Options	10/26/2009 ⁽¹⁾	10/26/2018	Stock	1497	$32.34	D
Options	10/21/2011 ⁽¹⁾	10/21/2020	Stock	6021	$6.51	D
Options	2/1/2012 ⁽⁴⁾	2/1/2021	Stock	8028	$8.47	D
Options	4/28/2012 ⁽⁵⁾	4/28/2021	Stock	8028	$10.19	D
Options	7/24/2009 ⁽¹⁾	7/24/2018	Stock	984	$16.71	D
Options	7/24/2010 ⁽¹⁾	7/24/2019	Stock	3927	$16.71	D
Options	2/11/2011 ⁽¹⁾	2/11/2020	Stock	965	$3.48	D
Options	7/21/2012 ⁽⁶⁾	7/21/2021	Stock	9067	$10.08	D
Options	1/31/2013 ⁽⁷⁾	1/31/2022	Stock	11333	$8.22	D
Options	4/27/2013 ⁽⁸⁾	4/27/2022	Stock	10015	$9.64	D
Options	10/25/2013 ⁽⁹⁾	10/25/2022	Stock	5089.179	$11.79	D

Explanation of Responses:
( 1)	All such options have vested.
( 2)	The option vests in five equal installments beginning on October 20, 2012.
( 3)	The option vests in five equal installments beginning on January 29, 2014.
( 4)	The option vests in five equal installments beginning on February 1, 2012.
( 5)	The option vests in five equal installments beginning on April 28, 2012.
( 6)	The option vests in five equal installments beginning on July 21, 2012.
( 7)	The option vests in five equal installments beginning on January 31, 2013.
( 8)	The option vests in five equal installments beginning on April 27, 2013.
( 9)	The option vests in five equal installments beginning on October 25, 2013.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Lindsey Mark Wayne AMERICAN CAPITAL, LTD. 2 BETHESDA METRO CENTER, 12TH FLOOR BETHESDA, MD 20814			SVP and Chief Acctg Officer

Signatures
Mark W. Lindsey		1/11/2016
^** 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).
**	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 control number.