0001140361-14-016009.txt : 20140408 0001140361-14-016009.hdr.sgml : 20140408 20140408105821 ACCESSION NUMBER: 0001140361-14-016009 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140408 DATE AS OF CHANGE: 20140408 EFFECTIVENESS DATE: 20140408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Watershed Asset Management, L.L.C. CENTRAL INDEX KEY: 0001315926 IRS NUMBER: 300012121 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-11095 FILM NUMBER: 14750287 BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: SUITE 1525 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: (415) 391-8900 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: SUITE 1525 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 13F-HR/A 1 primary_doc.xml 13F-HR/A LIVE false true false 0001315926 XXXXXXXX 12-31-2013 12-31-2013 true 1 RESTATEMENT Watershed Asset Management, L.L.C.

ONE MARITIME PLAZA SUITE 1525 SAN FRANCISCO CA 94111

13F HOLDINGS REPORT 028-11095 Y This Amendment No. 1 amends and restates the Form 13F Holdings Report filed by Watershed Asset Management, L.L.C. (the "Investment Manager") on February 14, 2014 (the "Original Report"). Due to an inadvertent data-generation error, the Original Report incorrectly reported a holding of Common Stock of Silicon Graphics International. The Investment Manager does not, and as of December 31, 2013 did not, hold any such Common Stock. This Amendment No. 1 accordingly removes such reported position from the Information Table and restates the corrected Information Table in its entirety. Meridee A. Moore 415-391-8900 /s/ Meridee A. Moore San Francisco CA 04-07-2014 1 27 180750 false 1 0001315928 028-11473 WS Partners, L.L.C. INFORMATION TABLE 2 form13fInfoTable.xml AMERICAN INTL GROUP INC COM NEW 026874784 5564 109000 SH OTR 109000 0 0 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 4008 395313 SH OTR 395313 0 0 CLEARWATER PAPER CORP COM 18538R103 6176 117646 SH OTR 117646 0 0 COLE REAL ESTATE INVTS INC COM 19329V105 12602 897567 SH OTR 897567 0 0 CONSOLIDATED COMM HLDGS INC COM 209034107 2128 108393 SH OTR 108393 0 0 CUSTOMERS BANCORP INC COM 23204G100 5562 271846 SH OTR 271846 0 0 ERICKSON AIR-CRANE INC COM 29482P100 15705 755414 SH OTR 755414 0 0 GENERAL MTRS CO COM 37045V100 2068 50601 SH OTR 50601 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V118 375 12029 SH OTR 12029 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V126 2845 122859 SH OTR 122859 0 0 GRAPHIC PACKAGING HLDG CO COM 388689101 5146 536022 SH OTR 536022 0 0 INTELSAT S A COM L5140P101 1172 52000 SH OTR 52000 0 0 ISHARES RUSSELL 2000 ETF 464287655 11651 101000 SH Put OTR 101000 0 0 NMI HLDGS INC CL A 629209305 637 50000 SH OTR 50000 0 0 NORTEK INC COM NEW 656559309 8926 119652 SH OTR 119652 0 0 PENNEY J C INC COM 708160106 10677 1166900 SH Put OTR 1166900 0 0 PLY GEM HLDGS INC COM 72941W100 9762 541407 SH OTR 541407 0 0 REALOGY HLDGS CORP COM 75605Y106 5302 107168 SH OTR 107168 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 4988 231879 SH OTR 231879 0 0 ROYAL BK SCOTLAND GROUP PLC ADR PREF SHS Q 780097754 4714 217536 SH OTR 217536 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF M 780097796 2571 123000 SH OTR 123000 0 0 SILVER EAGLE ACQUISITION COR UNIT 99/99/9999 827694209 4500 450000 SH OTR 450000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 23677 128200 SH Put OTR 128200 0 0 TESORO CORP COM 881609101 6798 116212 SH OTR 116212 0 0 THE ADT CORPORATION COM 00101J106 5589 138100 SH OTR 138100 0 0 TRONOX LTD SHS CL A Q9235V101 8417 364837 SH OTR 364837 0 0 INTELSAT S A MAN CONV JR PFD L5140P119 9190 157100 SH OTR 157100 0 0