0001140361-14-041767.txt : 20141114 0001140361-14-041767.hdr.sgml : 20141114 20141114100023 ACCESSION NUMBER: 0001140361-14-041767 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141114 DATE AS OF CHANGE: 20141114 EFFECTIVENESS DATE: 20141114 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: 141221069 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 09-30-2014 09-30-2014 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 11-11-2014 1 20 470540 false 1 0001315928 028-11473 WS Partners, L.L.C. INFORMATION TABLE 2 form13fInfoTable.xml AMERICAN INTL GROUP INC COM NEW 026874784 5984 110771 SH OTR 110771 0 0 AMERICAN RLTY CAP PPTYS INC COM 02917T104 17351 1438715 SH OTR 1438715 0 0 ANADARKO PETE CORP COM 032511107 8034 79199 SH OTR 79199 0 0 CBS OUTDOOR AMERS INC COM 14987J106 5761 192420 SH OTR 192420 0 0 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 2974 441193 SH OTR 441193 0 0 CUSTOMERS BANCORP INC COM 23204G100 6408 356820 SH OTR 356820 0 0 ENPRO INDS INC COM 29355X107 6938 114621 SH OTR 114621 0 0 ERICKSON INC COM 29482P100 8189 630385 SH OTR 630385 0 0 GRACE W R & CO DEL NEW COM 38388F108 7092 77987 SH OTR 77987 0 0 ISHARES RUSSELL 2000 ETF 464287655 53582 490000 SH Put OTR 490000 0 0 ISHARES U.S. REAL ES ETF 464287739 48440 700000 SH Put OTR 700000 0 0 ISHARES IBOXX HI YD ETF 464288513 182521 1985000 SH Put OTR 1985000 0 0 KEY ENERGY SVCS INC COM 492914106 4360 900921 SH OTR 900921 0 0 MERITOR INC COM 59001K100 1839 169500 SH Put OTR 169500 0 0 NMI HLDGS INC CL A 629209305 433 50000 SH OTR 50000 0 0 NORTEK INC COM NEW 656559309 5481 73569 SH OTR 73569 0 0 PLY GEM HLDGS INC COM 72941W100 4774 440373 SH OTR 440373 0 0 SILVER EAGLE ACQUISITION COR UNIT 99/99/9999 827694209 4671 450000 SH OTR 450000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 91614 465000 SH Put OTR 465000 0 0 TESORO CORP COM 881609101 4094 67138 SH OTR 67138 0 0