0001140361-15-006230.txt : 20150213 0001140361-15-006230.hdr.sgml : 20150213 20150213102918 ACCESSION NUMBER: 0001140361-15-006230 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150213 DATE AS OF CHANGE: 20150213 EFFECTIVENESS DATE: 20150213 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: 15610302 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 12-31-2014 12-31-2014 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 02-12-2015 1 22 243511 false 1 0001315928 028-11473 WS Partners, L.L.C. INFORMATION TABLE 2 form13fInfoTable.xml AMERICAN CAP LTD COM 02503Y103 5058 346230 SH OTR 346230 0 0 AMERICAN RLTY CAP PPTYS INC COM 02917T104 8482 937214 SH OTR 937214 0 0 AMERICAN RLTY CAP PPTYS INC COM 02917T104 4525 500000 SH Put OTR 500000 0 0 CBS CORP NEW CL B 124857202 5065 91533 SH OTR 91533 0 0 CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 429 40539 SH OTR 40539 0 0 COBALT INTL ENERGY INC COM 19075F106 4001 450000 SH Put OTR 450000 0 0 COBALT INTL ENERGY INC NOTE 3.125% 5/1 19075FAB2 9515 14000000 PRN OTR 14000000 0 0 CUSTOMERS BANCORP INC COM 23204G100 8591 441483 SH OTR 441483 0 0 ERICKSON INC COM 29482P100 4736 567825 SH OTR 567825 0 0 GENERAL MTRS CO COM 37045V100 687 19666 SH OTR 19666 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V118 448 17878 SH OTR 17878 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V126 304 17878 SH OTR 17878 0 0 GRACE W R & CO DEL NEW COM 38388F108 8120 85126 SH OTR 85126 0 0 ISHARES IBOXX HI YD ETF 464288513 76160 850000 SH Put OTR 850000 0 0 ISHARES TR RUSSELL 2000 ETF 464287655 29702 248300 SH Put OTR 248300 0 0 KEY ENERGY SVCS INC COM 492914106 1825 1092846 SH OTR 1092846 0 0 NORTEK INC COM NEW 656559309 6713 82544 SH OTR 82544 0 0 OUTFRONT MEDIA INC COM 69007J106 7899 294307 SH OTR 294307 0 0 PLY GEM HLDGS INC COM 72941W100 6386 456761 SH OTR 456761 0 0 SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 5937 75000 SH Put OTR 75000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 44047 214300 SH Put OTR 214300 0 0 TESORO CORP COM 881609101 4881 65649 SH OTR 65649 0 0