Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Malibu Partner LLC
   2. Issuer Name and Ticker or Trading Symbol
Prospect Acquisition Corp [PAX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
15332 ANTIOCH STREET, #528		 3. Date of Earliest Transaction (Month/Day/Year)
11/11/2009
(Street)

PACIFIC PALISADES, CA 90272		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy) (1) 10/14/2009   J     1,051,000 10/14/2009   (3) Common Stock 1,051,000 (6) 3,954,328 I See FN (4)
Option (right to buy) (1) 10/16/2009   J     1,000,000 10/16/2009   (3) Common Stock 1,000,000 (6) 2,954,328 I See FN (4)
Option (right to buy) (2) 10/21/2009   J     200,000 10/21/2009   (3) Common Stock 200,000 (6) 2,754,328 I See FN (4)
Option (right to buy) (1) 10/30/2009   J     1,386,338 10/30/2009   (3) Common Stock 1,386,338 (6) 1,367,990 I See FN (4)
Option (right to buy) (1) 11/06/2009   J     1,367,990 11/06/2009   (3) Common Stock 1,367,990 (6) 0 I See FN (5)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Malibu Partner LLC
15332 ANTIOCH STREET
#528
PACIFIC PALISADES, CA 90272		     X    

Signatures

 /s/Kenneth J. Abdalla, Managing Member   11/12/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The pro rata portion of the Issuer's trust account due its public stockholders as set forth in the Company's final definitive proxy statement filed with the U.S. Securities and Exchange Commission in connection with its Business Combination.
(2) The pro rata portion of the Issuer's trust account due its public stockholders as set forth in the Company's final definitive proxy statement filed with the U.S. Securities and Exchange Commission in connection with its Business Combination plus $0.025.
(3) The earlier of (i) the day on which the Company liquidates its trust account or (ii) termination by the Reporting Person.
(4) The shares of common stock that is the subject of this footnote is owned by The Malibu Companies LLC, which is under the control of Kenneth J. Abdalla, managing member of the Reporting Person.
(5) The shares of common stock that are the subject of this footnote are owned by Broad Beach Partners, LLC, which is under the control of Kenneth J. Abdalla, managing member of the Reporting Person.
(6) The securities were terminated without any consideration paid to the Reporting Person.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.