0001218558-12-000001.txt : 20120210 0001218558-12-000001.hdr.sgml : 20120210 20120210164925 ACCESSION NUMBER: 0001218558-12-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120210 DATE AS OF CHANGE: 20120210 EFFECTIVENESS DATE: 20120210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRACE BROTHERS MANAGEMENT LLC CENTRAL INDEX KEY: 0001218558 IRS NUMBER: 364407165 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10359 FILM NUMBER: 12593636 BUSINESS ADDRESS: STREET 1: GRACE BROTHERS MANAGEMENT LLC STREET 2: 1560 SHERMAN AVENUE STE 900 CITY: EVANSTON STATE: IL ZIP: 60201 BUSINESS PHONE: 8477331230 MAIL ADDRESS: STREET 1: 1560 SHERMAN AVE. STREET 2: SUITE 900 CITY: EVANSTON STATE: IL ZIP: 60201 13F-HR 1 form13f-1112.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 13F FORM 13F COVER PAGE REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: DECEMBER 31, 2011 CHECK HERE IF AMENDMENT ( ); AMENDMENT NUMBER: THIS AMENDMENT: ( ) IS A RESTATEMENT. ( ) ADDS NEW HOLDINGS ENTRIES. INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT: NAME: GRACE BROTHERS MANAGEMENT, LLC ADDRESS: 1560 SHERMAN AVENUE SUITE 900 EVANSTON, IL 60201 FORM 13F FILE NUMBER: 28-10359 THE INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT AND THE PERSON BY WHOM IT IS SIGNED HEREBY REPRESENT THAT THE PERSON SIGNING THE REPORT IS AUTHORIZED TO SUBMIT IT, THAT ALL INFORMATION CONTAINED HEREIN IS TRUE, CORRECT AND COMPLETE, AND THAT IT IS UNDERSTOOD THAT ALL REQUIRED ITEMS, STATEMENTS, SCHEDULES, LISTS, AND TABLES, ARE CONSIDERED INTEGRAL PARTS OF THIS FORM. PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER: NAME: MICHAEL BRAILOV TITLE: MANAGING MEMBER OF GRACE BROTHERS MANAGEMENT, LLC PHONE: 847-733-0225 SIGNATURE, PLACE, AND DATE OF SIGNING: /s/ MICHAEL BRAILOV EVANSTON, IL FEBRUARY 10, 2012 -------------------- ------------ ----------------- SIGNATURE CITY, STATE DATE REPORT TYPE: (X) 13F HOLDINGS REPORT. ( ) 13F NOTICE. ( ) 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 ------------ FORM 13F INFORMATION TABLE ENTRY TOTAL: 46 ----------- FORM 13F INFORMATION TABLE VALUE TOTAL: $102,185 ------------ (thousands) LIST OF OTHER INCLUDED MANAGERS: PROVIDE A NUMBERED LIST OF THE NAME(S) AND FORM 13F FILE NUMBER(S) OF ALL INSTITUTIONAL INVESTMENT MANAGERS WITH RESPECT TO WHICH THIS REPORT IS FILED, OTHER THAN THE MANAGER FILING THIS REPORT. NONE FORM 13F INFORMATION TABLE
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- --------------- --------- -------- ------- --- ---- ---------- -------- ---- ------ ---- ALCOA INC NOTE 5. 5% 3/1 013817AT8 3,430 2,250,000 PRN SOLE 2,250,000 0 0 ALLIANCE DATA NOTE 1.75% 8/0 018581AD0 3,441 2,500,000 PRN SOLE 2,500,000 0 0 BIOMARIN PHARM NOTE 1.875% 4/2 09061GAD3 4,005 2,250,000 PRN SOLE 2,250,000 0 0 CACI INTL INC NOTE 2.125% 5/0 127190AD8 2,342 2,000,000 PRN SOLE 2,000,000 0 0 CADENCE DESIGN NOTE 2.625% 6/1 127387AJ7 3,021 2,000,000 PRN SOLE 2,000,000 0 0 CHART INDS INC NOTE 2.0% 8/0 16115QAC4 2,384 2,250,000 PRN SOLE 2,250,000 0 0 CIENA CORP NOTE 0.875% 6/1 171779AE1 760 1,000,000 PRN SOLE 1,000,000 0 0 CISCO SYS INC COM 17275R102 362 20,000 SH SOLE 20,000 0 0 COINSTAR INC COINSTAR INC 19259PAF9 978 750,000 PRN SOLE 750,000 0 0 CUBIST PHARMAC NOTE 2.5% 11/0 229678AD9 4,855 3,250,000 PRN SOLE 3,250,000 0 0 EMC CORP MASS NOTE 1.75% 12/0 268648AM4 5,040 3,500,000 PRN SOLE 3,500,000 0 0 ENDO PHARMACEU NOTE 1.75% 4/1 29264FAB2 3,273 2,500,000 PRN SOLE 2,500,000 0 0 ENERGY XXI BER CONV PRF 29274U309 1,700 5,000 SH SOLE 5,000 0 0 FEI CO NOTE 2.875% 6/0 30241LAF6 3,661 2,500,000 PRN SOLE 2,500,000 0 0 FORD MTR CO DE W EXP 1/1/13 345370134 125 52,000 SH SOLE 52,000 0 0 FORD MTR CO DE NOTE 4.25% 11/1 345370CN8 2,146 1,500,000 PRN SOLE 1,500,000 0 0 GENERAL CABLE NOTE 4.5% 11/1 369300AL2 1,894 2,000,000 PRN SOLE 2,000,000 0 0 HEALTHCARE REI CONV PRF 42217K601 1,707 33,356 SH SOLE 33,356 0 0 HERTZ GLOBAL H NOTE 5.25% 6/0 42805TAA3 2,728 1,750,000 PRN SOLE 1,750,000 0 0 INSULET CORP NOTE 3.75% 6/1 45784PAC5 1,753 1,750,000 PRN SOLE 1,750,000 0 0 INTERMUNE INC NOTE 2.5% 9/1 45884XAE3 824 1,100,000 PRN SOLE 1,100,000 0 0 LEVEL 3 COMMUN NOTE 6.5% 10/0 52729NBR0 1,219 1,000,000 PRN SOLE 1,000,000 0 0 LIVE NATION EN NOTE 2.875% 7/1 538034AB5 877 1,000,000 PRN SOLE 1,000,000 0 0 METLIFE INC UNIT 59156R116 1,852 30,000 SH SOLE 30,000 0 0 MICRON TECHNOL NOTE 1.875% 6/1 595112AK9 1,290 1,500,000 PRN SOLE 1,500,000 0 0 MYLAN INC NOTE 3.75% 9/1 628530AJ6 2,622 1,500,000 PRN SOLE 1,500,000 0 0 NETAPP INC NOTE 1.75% 6/0 64110DAB0 3,912 3,500,000 PRN SOLE 3,500,000 0 0 NEWMONT MINING NOTE 1.625% 7/1 651639AJ5 2,167 1,500,000 PRN SOLE 1,500,000 0 0 NIELSON HOLDIN NOTE 6.25% 02/1 65410B201 1,161 20,000 SH SOLE 20,000 0 0 NUANCE COMMUNI DBCV 2.75% 8/1 67020YAB6 2,162 1,500,000 PRN SOLE 1,500,000 0 0 OMNICARE INC CONV PRF 68214Q200 578 12,500 SH SOLE 12,500 0 0 PPL CORP UNIT 69351T114 1,935 35,000 SH SOLE 35,000 0 0 POWERSHARES QQ UNIT SER 1 73935A104 837 15,000 SH SOLE 15,000 0 0 SBA COMMUNICAT NOTE 4.0% 10/0 78388JAM8 2,440 1,600,000 PRN SOLE 1,600,000 0 0 SONOSITE INC NOTE 3.75% 7/1 83568GAA2 1,097 750,000 PRN SOLE 750,000 0 0 ST MARY LD&EXP NOTE 3.5% 4/0 792228AD0 1,373 1,000,000 PRN SOLE 1,000,000 0 0 SANDISK CORP NOTE 1.5% 8/1 80004CAD3 1,473 1,250,000 PRN SOLE 1,250,000 0 0 SYNNEX CORP NOTE 4.0% 5/1 87162WAB6 1,176 1,000,000 PRN SOLE 1,000,000 0 0 TRW AUTOMOTIVE NOTE 3.5% 12/0 87264MAH2 1,343 1,000,000 PRN SOLE 1,000,000 0 0 TEXTRON INC NOTE 4.5% 5/0 883203BN0 3,070 2,000,000 PRN SOLE 2,000,000 0 0 TYSON FOODS IN NOTE 3.25% 10/1 902494AP8 1,991 1,500,000 PRN SOLE 1,500,000 0 0 UAL CORP NOTE 6% 10/1 902549AJ3 2,870 1,250,000 PRN SOLE 1,250,000 0 0 UNITED RENTALS NOTE 4.0% 11/1 911363AL3 5,500 2,000,000 PRN SOLE 2,000,000 0 0 VIRGIN MEDIA NOTE 6.5% 11/1 92769LAB7 2,077 1,500,000 PRN SOLE 1,500,000 0 0 VIROPHARMA INC NOTE 2.0% 3/1 928241AH1 3,151 2,000,000 PRN SOLE 2,000,000 0 0 WESTERN REFNG NOTE 5.75% 6/1 959319AC8 3,583 2,500,000 PRN SOLE 2,500,000 0 0