-----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, CslSf7YdQNoSvW4QS5KZnucK1sbIGycvJ9qtRC9+rPA1Y79xVAZC6yLf2taaQpWE +BdGPHyECWqtHdsLnHADtg== 0001193125-10-120245.txt : 20100514 0001193125-10-120245.hdr.sgml : 20100514 20100514115859 ACCESSION NUMBER: 0001193125-10-120245 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100514 DATE AS OF CHANGE: 20100514 EFFECTIVENESS DATE: 20100514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: P&S Credit Management, L.P. CENTRAL INDEX KEY: 0001484159 IRS NUMBER: 731732604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13835 FILM NUMBER: 10831586 BUSINESS ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 28TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 319-8000 MAIL ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 28TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter End: March 31, 2010 If amended report check here: [ ] This Amendment (check only one): [ ] is a restatement [ ] adds new holding entries P&S Credit Management, L.P. Name of Institutional Investment Manager 590 Madison Avenue, 28th Floor New York New York 10022 Business Address (Street) (City) (State) (Zip) 13F File Number: 028-13835 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 herein is true, correct and complete, and that it is understood that all required items, statements, schedules, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Greg Pearson Chief Financial Officer (212) 319-8220 (Name) (Title) (Phone) Signature, Place and Date of Signing: /s/ Greg Pearson - -------------------- 590 Madison Avenue, 28th Floor New York, New York 10022 5/14/2010 Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 63 Form 13F Information Table Value Total: $360,507 (thousands) List of Other Included Managers: None UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F INFORMATION TABLE P&S CREDIT MANAGEMENT, L.P. FORM 13F INFORMATION TABLE AS OF DATE: 3/31/2010
ITEM 1 ITEM 2 ITEM3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------- -------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ---- AIRCASTLE LTD COM G0129K104 922 97,400 SH SOLE 97,400 AMERICAN CAP LTD COM 02503Y103 3,216 633,100 SH SOLE 633,100 AMR CORP COM 001765106 5,324 584,400 CALL SOLE 584,400 APPLE INC COM 037833100 22,889 97,400 PUT SOLE 97,400 ASSURED GUARANTY LTD COM G0585R106 9,629 438,300 PUT SOLE 438,300 AT&T INC COM 00206R102 4,782 185,060 SH SOLE 185,060 BELO CORP COM SER A 080555105 1,993 292,200 SH SOLE 292,200 BLACKBOARD INC COM 091935502 4,058 97,400 PUT SOLE 97,400 BOEING CO COM 097023105 28,289 389,600 CALL SOLE 389,600 BOSTON SCIENTIFIC CORP COM 101137107 4,571 633,100 CALL SOLE 633,100 CBS CORP NEW CL B 124857202 8,147 584,400 CALL SOLE 584,400 CBS CORP NEW CL B 124857202 1,358 97,400 SH SOLE 97,400 CEDAR FAIR L P DEPOSITORY UNIT 150185106 2,070 173,372 SH SOLE 173,372 CHESAPEAKE ENERGY CORP COM 165167107 9,210 389,600 PUT SOLE 389,600 CIT GROUP INC COM NEW 125581801 3,795 97,400 SH SOLE 97,400 COCA COLA ENTERPRISES INC COM 191219104 5,388 194,800 SH SOLE 194,800 COTT CORP QUE COM 22163N106 1,132 146,100 SH SOLE 146,100 CSX CORP COM 126408103 3,718 73,050 SH SOLE 73,050 D R HORTON INC COM 23331A109 1,227 97,400 SH SOLE 97,400 DANA HOLDING CORP COM 235825205 1,157 97,400 SH SOLE 97,400 DESARROLLADORA SPONSORED HOMEX S A DE ADR 25030W100 1,377 48,700 PUT SOLE 48,700 DILLARDS INC CL A 254067101 4,597 194,800 PUT SOLE 194,800 DIRECTV COM CL A 25490A101 1,647 48,700 CALL SOLE 48,700 DOMTAR CORP COM NEW 257559203 19,156 297,400 PUT SOLE 297,400 DYNEGY INC DEL CL A 26817G102 859 681,800 SH SOLE 681,800 EASTMAN KODAK CO COM 277461109 579 100,000 SH SOLE 100,000 FORD MTR CO DEL COM PAR $0.01 345370860 9,795 779,200 PUT SOLE 779,200 GRAPHIC PACKAGING HLDG CO COM 388689101 1,758 487,000 SH SOLE 487,000 INTEL CORP COM 458140100 3,257 146,100 PUT SOLE 146,100 ISTAR FINL INC COM 45031U101 1,788 389,600 CALL SOLE 389,600 JOHNSON CTLS INC COM 478366107 3,299 100,000 PUT SOLE 100,000 LEAR CORP COM NEW 521865204 4,497 56,675 SH SOLE 56,675 LOUISIANA PAC CORP COM 546347105 146 487,000 CALL SOLE 487,000 MCCLATCHY CO CL A 579489105 1,913 389,600 SH SOLE 389,600 MIRANT CORP NEW COM 60467R100 8,462 779,200 CALL SOLE 779,200 MOSAIC CO COM 61945A107 8,878 146,100 CALL SOLE 146,100 NEW YORK TIMES CO CL A 650111107 2,710 243,500 CALL SOLE 243,500 NEWELL RUBBERMAID INC COM 651229106 1,480 97,400 SH SOLE 97,400 OWENS ILL INC COM NEW 690768403 3,462 97,400 SH SOLE 97,400 PACTIV CORP COM 695257105 5,887 233,800 CALL SOLE 233,800 PHILIP MORRIS INTL INC COM 718172109 2,540 48,700 SH SOLE 48,700 POLYCOM INC COM 73172K104 4,914 160,700 PUT SOLE 160,700 PRIDE INTL INC DEL COM 74153Q102 6,248 207,500 CALL SOLE 207,500 PROGRESS ENERGY INC COM 743263105 9,584 243,500 SH SOLE 243,500
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ITEM 1 ITEM 2 ITEM3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - -------------------- -------------- --------- -------- --------- --- ---- ------- -------- --------- ------ ---- SANDRIDGE ENERGY INC COM 80007P307 1,500 194,800 SH SOLE 194,800 SANMINA SCI CORP COM NEW 800907206 8,250 500,000 PUT SOLE 500,000 SARA LEE CORP COM 803111103 17,638 1,266,200 CALL SOLE 1,266,200 SINCLAIR BROADCAST GROUP INC CL A 829226109 2,227 438,300 SH SOLE 438,300 SOLUTIA INC COM NEW 834376501 3,138 194,800 SH SOLE 194,800 SPDR S&P 500 ETF TR UNIT SER 1 S&P 78462F103 18,006 153,900 PUT SOLE 153,900 SPRINT NEXTEL CORP COM SER 1 852061100 1,851 487,000 SH SOLE 487,000 STANDARD PAC CORP NEW COM 85375C101 2,201 487,000 SH SOLE 487,000 SUPERMEDIA INC COM 868447103 2,384 58,593 SH SOLE 58,593 TECK RESOURCES LTD CL B 878742204 8,485 194,800 CALL SOLE 194,800 TRANSOCEAN LTD REG SHS H8817H100 25,240 292,200 CALL SOLE 292,200 UAL CORP COM NEW 902549807 12,379 633,100 PUT SOLE 633,100 VALE S A ADR 91912E105 2,350 73,000 CALL SOLE 73,000 VALERO ENERGY CORP NEW COM 91913Y100 9,748 494,800 CALL SOLE 494,800 VERSO PAPER CORP COM 92531L108 296 97,400 SH SOLE 97,400 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 3,406 146,100 CALL SOLE 146,100 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 2,838 121,750 SH SOLE 121,750 WELLS FARGO & CO NEW COM 949746101 3,940 126,600 PUT SOLE 126,600 WENDYS ARBYS GROUP INC COM 950587105 2,922 584,400 SH SOLE 584,400
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