-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IzaM41keW08JyFxhH0g9iIwdK+eh/TFNso8fchVjCY8Ufvivh4EdE8uW99U2TryJ r83MzKSPDkOKVve/1WI1RA== 0001013594-11-000112.txt : 20110214 0001013594-11-000112.hdr.sgml : 20110214 20110214152403 ACCESSION NUMBER: 0001013594-11-000112 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 EFFECTIVENESS DATE: 20110214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Black Horse Capital Management LLC CENTRAL INDEX KEY: 0001379554 IRS NUMBER: 470870063 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13532 FILM NUMBER: 11606944 BUSINESS ADDRESS: STREET 1: 338 S. SHARON AMITY RD., #202 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 212-332-1112 MAIL ADDRESS: STREET 1: 338 S. SHARON AMITY RD., #202 CITY: CHARLOTTE STATE: NC ZIP: 28211 13F-HR 1 blackhorse13fhr-021411.txt FEBRUARY 14, 2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Black Horse Capital Management LLC Address: 338 S. Sharon Amity Road, #202 Charlotte, North Carolina 28211 Form 13F File Number: 028-13532 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: Dale Chappell Title: Managing Member Phone: 646-415-8246 Signature, Place, and Date of Signing: /s/ Dale Chappell Charlotte, North Carolina February 14, 2011 - -------------------------- ------------------------ ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 20 Form 13F Information Table Value Total: $104,527 (thousands) List of Other Included Managers: None. FORM 13F INFORMATION TABLE Name of Reporting Manager: Black Horse Capital Management LLC For Quarter Ended: 12/31/2010
VOTING AUTHORITY TITLE OF VALUE SHARES/ SHR/ PUT/ INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ATLANTIC TELE NETWORK INC COM NEW 049079 20 5 787 20,505 SH SOLE 20,505 COVANTA HLDG CORP COM 22282E 10 2 1,910 111,089 SH SOLE 111,089 CPEX PHARMACEUTICALS INC COM 12620N 10 4 2,937 121,107 SH SOLE 121,107 CYPRESS BIOSCIENCES INC COM PAR $.02 232674 50 7 11,419 1,762,181 SH SOLE 1,762,181 DG FASTCHANNEL INC COM 23326R 10 9 7,005 242,550 SH SOLE 242,550 EVOLVING SYS INC COM NEW 30049R 20 9 2,242 269,508 SH SOLE 269,508 GENZYME CORP COM 372917 10 4 3,774 53,000 SH SOLE 53,000 GRAVITY CO LTD SPONSORED ADR 38911N 10 7 403 23,596 SH SOLE 23,596 ISHARES TR RUSSELL 2000 464287 65 5 6,259 80,000 SH PUT SOLE 80,000 MARKET VECTORS ETF TR GOLD MINER ETF 57060U 10 0 5,514 89,700 SH CALL SOLE 89,700 MARKET VECTORS ETF TR GOLD MINER ETF 57060U 10 0 1,234 20,067 SH SOLE 20,067 MARKET VECTORS ETF TR GOLD MINER ETF 57060U 10 0 1,106 18,000 SH CALL SOLE 18,000 MEDIACOM COMMUNICATIONS CORP CL A 58446K 10 5 847 100,000 SH SOLE 100,000 MEDQUIST INC COM 584949 10 1 9,950 1,150,295 SH SOLE 1,150,295 MULTIMEDIA GAMES INC COM 625453 10 5 346 61,971 SH SOLE 61,971 QLT INC COM 746927 10 2 13,160 1,795,297 SH SOLE 1,795,297 QUESTCOR PHARMACEUTICALS INC COM 74835Y 10 1 10,953 743,571 SH SOLE 743,571 SERACARE LIFE SCIENCES INC D COM 81747T 10 4 5,060 1,065,309 SH SOLE 1,065,309 SLM CORP COM 78442P 10 6 2,518 200,000 SH SOLE 200,000 SPDR GOLD TRUST GOLD SHS 78463V 10 7 17,104 123,300 SH CALL SOLE 123,300
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