0000909518-11-000192.txt : 20110516 0000909518-11-000192.hdr.sgml : 20110516 20110516140303 ACCESSION NUMBER: 0000909518-11-000192 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 EFFECTIVENESS DATE: 20110516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ulysses ManagementLLC CENTRAL INDEX KEY: 0001510912 IRS NUMBER: 133948950 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14306 FILM NUMBER: 11845445 BUSINESS ADDRESS: STREET 1: ONE ROCKEFELLER PLAZA STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 212-455-6200 MAIL ADDRESS: STREET 1: ONE ROCKEFELLER PLAZA STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 13F-HR 1 mm05-1611_13fhr.txt FOR QTR. ENDED 3/31/11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 ------------------- 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: Ulysses Management LLC Address: One Rockefeller Plaza, 20th Floor New York, NY 10020 Form 13F File Number: 28-14306 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: Joshua Nash Title: President Phone: (212) 455-6200 Signature, Place, and Date of Signing: Joshua Nash New York, New York May 16, 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: 117 ----------- Form 13F Information Table Value Total: 349,653 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE
ULYSSES MANAGEMENT LLC S.E.C. FORM 13F FOR QUARTER ENDED MARCH 31, 2011 ITEM 6: INVESTMENT DISCRETION ITEM 4: ITEM 5: (b) Shares ITEM 7: ITEM 8: ITEM 2: ITEM 3: Fair Shares or as Defined Managers VOTING AUTHORITY SHARES ITEM 1: Title of Cusip Market Principal in (c) Shared See Name of Issuer Class Number Value Amount (a) Sole Instr. V Other Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------------------ ENSTAR GROUP LTD SHS G3075P101 79,904 800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ENSTAR GROUP LTD SHS G3075P101 319,616 3,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ INGERSOLL RAND SHS G47791101 637,692 13,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ INGERSOLL RAND SHS G47791101 2,744,008 56,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ TE CONNECTIVITY COM H84989104 170,618 4,900 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ TE CONNECTIVITY COM H84989104 873,982 25,100 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ALTISOURCE PORTFOLIO REG SOLUTIONS SHS L0175J104 101,244 3,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ALTISOURCE PORTFOLIO REG SOLUTIONS SHS L0175J104 512,356 16,700 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ABOVENET COM 00374N107 1,373,151 21,171 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ABOVENET COM 00374N107 13,170,796 203,065 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ALUM CO OF AMERICA COM 013817101 264,900 15,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ALUM CO OF AMERICA COM 013817101 1,059,600 60,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN EXPRESS COM 025816109 890,440 19,700 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN EXPRESS COM 025816109 3,855,560 85,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ AMR CORP COM 001765106 129,200 20,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ AMR CORP COM 001765106 516,800 80,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ANHEUSER SPONSORED BUSCH CO. ADR 03524A108 1,737,968 30,400 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ANHEUSER SPONSORED BUSCH CO. ADR 03524A108 8,381,122 146,600 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ASHLAND INC COM 044209104 421,648 7,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ASHLAND INC COM 044209104 2,177,552 37,700 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ AVATAR HOLDINGS COM 053494100 1,003,947 50,730 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ CISCO SYSTEMS INC COM 17275R102 1,672,125 97,500 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ CISCO SYSTEMS INC COM 17275R102 1,372,000 80,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ COINSTAR COM 19259P300 188,272 4,100 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ COINSTAR COM 19259P300 844,928 18,400 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ COMCAST CORP. CL A CL A 20030N101 568,560 23,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ COMCAST CORP. CL A CL A 20030N101 2,274,240 92,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ CONSOL ENERGY INC. COM 20854P109 321,780 6,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ CONSOL ENERGY INC. COM 20854P109 1,287,120 24,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ DISCOVER FINANCIAL COM 254709108 487,224 20,200 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ DISCOVER FINANCIAL COM 254709108 1,929,600 80,000 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ EMCOR GROUP COM 29084Q100 613,206 19,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ EMCOR GROUP COM 29084Q100 2,483,794 80,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ EXPEDIA INC. COM 30212P105 1,443,442 63,700 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ EXPEDIA INC. COM 30212P105 6,600,858 291,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FIDELITY NATIONAL FINANCIAL CL A 31620R105 113,040 8,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FIDELITY NATIONAL FINANCIAL CL A 31620R105 452,160 32,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FINISH LINE CL A 317923100 194,530 9,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FINISH LINE CL A 317923100 996,470 50,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FLOWSERVE COM 34354P105 644,000 5,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FLOWSERVE COM 34354P10 2,576,000 20,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FREEPORT MCMORAN CL A COM 35671D857 749,925 13,500 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FREEPORT MCMORAN CL A COM 35671D857 2,233,110 40,200 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ FREEPORT MCMORAN CL A COM 35671D857 3,694,075 66,500 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ FREEPORT MCMORAN CL A COM 35671D857 11,932,140 214,800 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ GENERAL CABLE CORP COM 369300108 173,200 4,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ GENERAL CABLE CORP COM 369300108 692,800 16,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ HALLIBURTON CO. COM 406216101 453,544 9,100 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ HALLIBURTON CO. COM 406216101 1,540,056 30,900 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ HERITAGE OAKS BANCORP COM 42724R107 171,010 49,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ HERITAGE OAKS BANCORP COM 42724R107 807,237 231,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------
ULYSSES MANAGEMENT LLC S.E.C. FORM 13F FOR QUARTER ENDED MARCH 31, 2011 ITEM 6: INVESTMENT DISCRETION ITEM 4: ITEM 5: (b) Shares ITEM 7: ITEM 8: ITEM 2: ITEM 3: Fair Shares or as Defined Managers VOTING AUTHORITY SHARES ITEM 1: Title of Cusip Market Principal in (c) Shared See Name of Issuer Class Number Value Amount (a) Sole Instr. V Other Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------------------ HEWLETT PACKARD COM 428236103 331,857 8,100 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ HEWLETT PACKARD COM 42823610 1,716,643 41,900 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ IESI-BFC LTD. COM 44951D108 799,155 31,500 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ IESI-BFC LTD. COM 44951D108 2,524,315 99,500 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ INTERDIGITAL COM 45867G101 38,168 800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ INTERDIGITAL COM 45867G101 200,382 4,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ISHARES RUSSELL 2000 464287655 7,533,215 89,500 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ ISHARES RUSSELL 2000 464287655 38,760,285 460,500 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ J.P.MORGAN COM 46625H100 225,890 4,900 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ J.P.MORGAN COM 46625H100 1,157,110 25,100 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ JOHNSON & JOHNSON COM 478160104 1,185,000 20,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ JOHNSON & JOHNSON COM 478160104 4,680,750 79,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ LIBERTY LIB MEDIA STAR CORP COM A 53071M708 232,800 3,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ LIBERTY LIB MEDIA STAR CORP COM A 53071M708 931,200 12,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ LOCKHEED MARTIN COM 53983010 1,863,270 23,175 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ LOCKHEED MARTIN COM 539830109 7,276,200 90,500 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ MEADOWBROOK INSURANCE GROUP COM 58319P108 80,730 7,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ MEADOWBROOK INSURANCE GROUP COM 58319P108 313,605 30,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ METROPOLITAN LIFE COM 59156R108 219,177 4,900 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ METROPOLITAN LIFE COM 59156R108 1,122,723 25,100 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ MICROSOFT CORP COM 594918104 3,803,422 149,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ MICROSOFT CORP COM 594918104 14,947,093 588,700 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ MOTOROLA MOBILITY HOLDINGS COM 620097105 58,560 2,400 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ MOTOROLA MOBILITY HOLDINGS COM 620097105 307,440 12,600 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ NIPPON TELEGRAPH SPONSORED & TELEHPONE ADR 654624105 364,338 16,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ NIPPON TELEGRAPH SPONSORED & TELEHPONE ADR 654624105 1,884,662 83,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ NORTH VALLEY COM BANCORP NEW 66304M204 670,530 61,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ NORTH VALLEY COM BANCORP NEW 66304M204 2,725,520 251,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ OCWEN FINANCIAL COM CORP NEW 675746309 143,260 13,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ OCWEN FINANCIAL COM CORP NEW 675746309 738,340 67,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE SYSTEMS COM 68389X105 447,996 13,400 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE SYSTEMS COM 68389X105 137,073 4,100 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE SYSTEMS COM 68389X105 1,557,955 46,600 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE SYSTEMS COM 68389X105 698,739 20,900 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ OWENS CORNING INC COM 690742101 395,890 11,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ OWENS CORNING INC COM 690742101 1,403,610 39,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ PREFERRED BANK COM 740367107 59,829 40,700 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ PREFERRED BANK COM 740367107 307,671 209,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ RAYTHEON COM NEW 755111507 590,092 11,600 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ RAYTHEON COM NEW 755111507 2,462,108 48,400 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ROCKWELL COLLINS INC. COM 774341101 265,803 4,100 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ ROCKWELL COLLINS INC. COM 774341101 1,354,947 20,900 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ SONUS NETWORKS COM 835916107 256,432 68,200 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ SONUS NETWORKS COM 835916107 1,059,568 281,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ SPDR S&P TR 500 ETF TR UNIT 78462F103 20,100,644 151,600 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ SPDR S&P TR 500 ETF TR UNIT 78462F103 103,208,056 778,400 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ SPRINT COM SER 1 852061100 26,912 5,800 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ SPRINT COM SER 1 852061100 135,488 29,200 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ STANLEY WORKS COM 854502101 122,560 1,600 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ STANLEY WORKS COM 854502101 643,440 8,400 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ STATE STREET CORP. COM 857477103 220,206 4,900 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------
ULYSSES MANAGEMENT LLC S.E.C. FORM 13F FOR QUARTER ENDED MARCH 31, 2011 ITEM 6: INVESTMENT DISCRETION ITEM 4: ITEM 5: (b) Shares ITEM 7: ITEM 8: ITEM 2: ITEM 3: Fair Shares or as Defined Managers VOTING AUTHORITY SHARES ITEM 1: Title of Cusip Market Principal in (c) Shared See Name of Issuer Class Number Value Amount (a) Sole Instr. V Other Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------------------ STATE STREET CORP. COM 857477103 1,127,994 25,100 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ TIME WARNER CABLE COM 88732J207 356,700 5,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ TIME WARNER CABLE COM 88732J207 1,426,800 20,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ URS CORP COM 903236107 722,985 15,700 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ URS CORP COM 903236107 2,730,765 59,300 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ VISTEON COM 92839U206 312,450 5,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ VISTEON COM NEW 92839U206 1,249,800 20,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ VODAFONE SPONS GROUP ADR PLC NEW 92857W209 158,125 5,500 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ VODAFONE SPONS GROUP ADR PLC NEW 92857W209 632,500 22,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ WAL MART STORES COM 931142103 156,150 3,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ WAL MART STORES COM 931142103 624,600 12,000 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ WEST COAST BANCORP/OREGON COM 952145100 2,021,861 582,669 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ WEST COAST BANCORP/OREGON COM 952145100 6,064,644 1,747,736 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ WHIRLPOOL COM 963320106 1,667,252 19,532 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------ WHIRLPOOL COM 963320106 8,177,488 95,800 SHARES X X ------------------------------------------------------------------------------------------------------------------------------------