0001140361-14-032395.txt : 20140814 0001140361-14-032395.hdr.sgml : 20140814 20140814093651 ACCESSION NUMBER: 0001140361-14-032395 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140814 DATE AS OF CHANGE: 20140814 EFFECTIVENESS DATE: 20140814 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 SEC ACT: 1934 Act SEC FILE NUMBER: 028-11095 FILM NUMBER: 141039883 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 1 primary_doc.xml 13F-HR LIVE false true false 0001315926 XXXXXXXX 06-30-2014 06-30-2014 Watershed Asset Management, L.L.C.

ONE MARITIME PLAZA SUITE 1525 SAN FRANCISCO CA 94111

13F HOLDINGS REPORT 028-11095 N Meridee A. Moore 415-391-8900 /s/ Meridee A. Moore San Francisco CA 08-06-2014 1 26 262872 false 1 0001315928 028-11473 WS Partners, L.L.C. INFORMATION TABLE 2 form13fInfoTable.xml AMERICAN INTL GROUP INC COM NEW 026874784 6473 118600 SH OTR 118600 0 0 AMERICAN RLTY CAP PPTYS INC COM 02917T104 14825 1183135 SH OTR 1183135 0 0 ANADARKO PETE CORP COM 032511107 8484 77500 SH OTR 77500 0 0 CBS OUTDOOR AMERS INC COM 14987J106 2843 86996 SH OTR 86996 0 0 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 3609 441193 SH OTR 441193 0 0 CLEARWATER PAPER CORP COM 18538R103 2593 42006 SH OTR 42006 0 0 CUSTOMERS BANCORP INC COM 23204G100 7100 354799 SH OTR 354799 0 0 ENPRO INDS INC COM 29355X107 7480 102240 SH OTR 102240 0 0 ERICKSON INC COM 29482P100 11270 693550 SH OTR 693550 0 0 GRAPHIC PACKAGING HLDG CO COM 388689101 8344 713122 SH OTR 713122 0 0 INTELSAT S A COM L5140P101 980 52000 SH OTR 52000 0 0 INTELSAT S A MAN CONV JR PFD L5140P119 7998 157100 SH OTR 157100 0 0 ISHARES RUSSELL 2000 ETF 464287655 20198 170000 SH Put OTR 170000 0 0 ISHARES IBOXX HI YD ETF 464288513 75208 790000 SH Put OTR 790000 0 0 LIBERTY GLOBAL PLC SHS CL A G5480U104 2255 51000 SH OTR 51000 0 0 LIBERTY GLOBAL PLC SHS CL C G5480U120 2750 65000 SH OTR 65000 0 0 MERITOR INC COM 59001K100 2210 169500 SH Put OTR 169500 0 0 NMI HLDGS INC CL A 629209305 525 50000 SH OTR 50000 0 0 NORTEK INC COM NEW 656559309 6604 73569 SH OTR 73569 0 0 PLY GEM HLDGS INC COM 72941W100 5721 566407 SH OTR 566407 0 0 REALOGY HLDGS CORP COM 75605Y106 5836 154768 SH OTR 154768 0 0 ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 3721 151573 SH OTR 151573 0 0 SILVER EAGLE ACQUISITION COR UNIT 99/99/9999 827694209 4707 450000 SH OTR 450000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 39144 200000 SH Put OTR 200000 0 0 TESORO CORP COM 881609101 4490 76524 SH OTR 76524 0 0 TRONOX LTD SHS CL A Q9235V101 7504 278960 SH OTR 278960 0 0