0001144204-11-063947.txt : 20111114 0001144204-11-063947.hdr.sgml : 20111111 20111114131731 ACCESSION NUMBER: 0001144204-11-063947 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Westchester Capital Management, LLC CENTRAL INDEX KEY: 0001512805 IRS NUMBER: 273790558 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14257 FILM NUMBER: 111200315 BUSINESS ADDRESS: STREET 1: 100 SUMMIT LAKE DRIVE CITY: VALHALLA STATE: NY ZIP: 10595 BUSINESS PHONE: 914-741-5600 MAIL ADDRESS: STREET 1: 100 SUMMIT LAKE DRIVE CITY: VALHALLA STATE: NY ZIP: 10595 13F-HR 1 v240177_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2011 Check here if Amendment [ ]; Amendment Number: __________ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding entries. Institutional Investment Manager Filing this Report: Name: Westchester Capital Management, LLC ----------------------------------- Address: 100 Summit Lake Drive --------------------- Valhalla, NY 10595 ------------------ Form 13F File Number: 028-14257 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: Bruce Rubin ----------- Title: Chief Operating Officer and Chief Compliance Officer ---------------------------------------------------- Phone: 914-741-5600 ------------ Signature, Place, and Date of Signing: /s/ Bruce Rubin Valhalla, New York 11/14/11 --------------------------------- --------------------- -------- [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: 1 Form 13F Information Table Entry Total: 182 Form 13F Information Table Value Total: $4,296,316 (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. No. Form 13F File Number Name --- -------------------- ---- 1 28-11493 Green & Smith Investment Management L.L.C. -2- FORM 13F Westchester Capital Management, LLC September 30, 2011
Value SHRS or SH/ PUT/ Investment Voting Authority Name of Issuer Title of Class CUSIP x.$1000 PRN Amt PRN CALL Discretion Managers Sole Shares None Advanced Micro Devices Inc. NOTE 5.75% 8/1 007903AN7 528 520,000 PRN (a) Sole Sole Altria Group, Inc. COM 02209S103 2,217 827 SH PUT (a) Sole Sole Altria Group, Inc. COM 02209S103 2,217 82,700 SH (a) Sole Sole American Electric Power Co. Inc. COM 025537101 24,873 654,200 SH (a) Sole Sole American Electric Power Co. Inc. COM 025537101 1,840 48,400 SH (b) Other 1 Sole American Electric Power Co. Inc. COM 025537101 24,705 6,498 SH PUT (a) Sole Sole American Electric Power Co. Inc. COM 025537101 1,840 484 SH PUT (b) Other 1 Sole Arch Chemicals, Inc. COM 03937R102 3,085 65,745 SH (a) Sole Sole Arch Chemicals, Inc. COM 03937R102 455 9,700 SH (b) Other 1 Sole AT&T Inc. COM 00206R102 113,498 3,979,600 SH (a) Sole Sole AT&T Inc. COM 00206R102 2,493 87,400 SH (b) Other 1 Sole AT&T Inc. COM 00206R102 22,836 8,007 SH PUT (a) Sole Sole AT&T Inc. COM 00206R102 550 193 SH PUT (b) Other 1 Sole AT&T Inc. COM 00206R102 87,870 30,810 SH PUT (a) Sole Sole AT&T Inc. COM 00206R102 1,882 660 SH PUT (b) Other 1 Sole Bank of America Corp. 7.25% CNV PFD L 060505682 2,027 2,650 SH (a) Sole Sole Barnes & Noble, Inc. COM 067774109 4,403 372,200 SH (a) Sole Sole Barnes & Noble, Inc. COM 067774109 414 35,002 SH (b) Other 1 Sole BJ's Wholesale Club, Inc. COM 05548J106 51 1,000 SH (a) Sole Sole Blackboard Inc. COM 091935502 65,702 1,471,150 SH (a) Sole Sole Blackboard Inc. COM 091935502 1,277 28,600 SH (b) Other 1 Sole CenturyLink, Inc. COM 156700106 11,267 3,402 SH PUT (a) Sole Sole CenturyLink, Inc. COM 156700106 325 98 SH PUT (b) Other 1 Sole CenturyLink, Inc. COM 156700106 31,875 9,624 SH PUT (a) Sole Sole CenturyLink, Inc. COM 156700106 583 176 SH PUT (b) Other 1 Sole CenturyLink, Inc. COM 156700106 50,383 1,521,219 SH (a) Sole Sole CenturyLink, Inc. COM 156700106 1,117 33,721 SH (b) Other 1 Sole Cephalon Inc. COM 156708109 285,976 3,543,688 SH (a) Sole Sole Cephalon Inc. COM 156708109 5,742 71,150 SH (b) Other 1 Sole Citigroup Inc. COM NEW 172967424 769 30,000 SH (a) Sole Sole Clorox Company COM 189054109 50,895 767,300 SH (a) Sole Sole Clorox Company COM 189054109 889 13,400 SH (b) Other 1 Sole Clorox Company COM 189054109 50,888 7,672 SH PUT (a) Sole Sole Clorox Company COM 189054109 889 134 SH PUT (b) Other 1 Sole Colgate-Palmolive Company COM 194162103 57,154 644,500 SH (a) Sole Sole Colgate-Palmolive Company COM 194162103 1,454 16,400 SH (b) Other 1 Sole Colgate-Palmolive Company COM 194162103 57,154 6,445 SH PUT (a) Sole Sole Colgate-Palmolive Company COM 194162103 1,454 164 SH PUT (b) Other 1 Sole Comcast Corporation New CL A SPL 20030N200 16,504 797,678 SH (a) Sole Sole ConocoPhillips COM 20825C104 49,694 784,800 SH (a) Sole Sole ConocoPhillips COM 20825C104 899 14,200 SH (b) Other 1 Sole ConocoPhillips COM 20825C104 49,694 7,848 SH PUT (a) Sole Sole ConocoPhillips COM 20825C104 899 142 SH PUT (b) Other 1 Sole Constellation Energy Group Inc. COM 210371100 90,534 2,378,710 SH (a) Sole Sole Constellation Energy Group Inc. COM 210371100 2,238 58,800 SH (b) Other 1 Sole Constellation Energy Group Inc. COM 210371100 25,767 6,770 SH PUT (a) Sole Sole Constellation Energy Group Inc. COM 210371100 495 130 SH PUT (b) Other 1 Sole Dollar Thrifty Automotive Group, Inc. COM 256743105 134,435 2,387,825 SH (a) Sole Sole Dollar Thrifty Automotive Group, Inc. COM 256743105 3,158 56,100 SH (b) Other 1 Sole DPL Inc. COM 233293109 98,926 3,282,230 SH (a) Sole Sole DPL Inc. COM 233293109 1,986 65,900 SH (b) Other 1 Sole Eaton Vance Floating-Rate Income Trust COM 278279104 1,308 92,807 SH (a) Sole Sole El Paso Corporation COM 28336L109 28,162 1,611,100 SH (a) Sole Sole El Paso Corporation COM 28336L109 907 51,900 SH (b) Other 1 Sole El Paso Corporation COM 28336L109 28,162 16,111 SH PUT (a) Sole Sole El Paso Corporation COM 28336L109 907 519 SH PUT (b) Other 1 Sole EMC Corp. COM 268648102 4,777 227,600 SH (a) Sole Sole EMC Corp. COM 268648102 477 22,733 SH (b) Other 1 Sole Emdeon, Inc. CL A 29084T104 8,635 459,534 SH (a) Sole Sole Emdeon, Inc. CL A 29084T104 1,389 73,900 SH (b) Other 1 Sole EXCO Resources Inc. COM 269279402 52,813 4,926,614 SH (a) Sole Sole EXCO Resources Inc. COM 269279402 1,564 145,855 SH (b) Other 1 Sole Global Industries, Ltd. COM 379336100 42,372 5,350,000 SH (a) Sole Sole Goodrich Corporation COM 382388106 211,431 1,751,994 SH (a) Sole Sole Goodrich Corporation COM 382388106 3,802 31,502 SH (b) Other 1 Sole Harleysville Group Inc. COM 412824104 29 500 SH (a) Sole Sole Harleysville Group Inc. COM 412824104 542 9,200 SH (b) Other 1 Sole Hewlett-Packard Company COM 428236103 24,704 1,100,400 SH (a) Sole Sole Hewlett-Packard Company COM 428236103 440 19,600 SH (b) Other 1 Sole Hewlett-Packard Company COM 428236103 12,354 5,503 SH PUT (a) Sole Sole Hewlett-Packard Company COM 428236103 218 97 SH PUT (b) Other 1 Sole Hewlett-Packard Company COM 428236103 12,350 5,501 SH PUT (a) Sole Sole Hewlett-Packard Company COM 428236103 222 99 SH PUT (b) Other 1 Sole Huntsman Corporation COM 447011107 9,025 933,300 SH (a) Sole Sole Huntsman Corporation COM 447011107 290 30,000 SH (b) Other 1 Sole iShares Trust HIGH YLD COPR 464288513 8,134 982 SH PUT (a) Sole Sole iShares Trust HIGH YLD COPR 464288513 149 18 SH PUT (b) Other 1 Sole iShares Trust HIGH YLD COPR 464288513 8,134 982 SH PUT (a) Sole Sole iShares Trust HIGH YLD COPR 464288513 149 18 SH PUT (b) Other 1 Sole ITT Corporation COM 450911102 92,618 2,205,200 SH (a) Sole Sole ITT Corporation COM 450911102 1,050 25,000 SH (b) Other 1 Sole ITT Corporation COM 450911102 8,912 2,122 SH PUT (a) Sole Sole ITT Corporation COM 450911102 101 24 SH PUT (b) Other 1 Sole ITT Corporation COM 450911102 20,765 4,944 SH PUT (a) Sole Sole ITT Corporation COM 450911102 235 56 SH PUT (b) Other 1 Sole ITT Corporation COM 450911102 62,941 14,986 SH PUT (a) Sole Sole ITT Corporation COM 450911102 714 170 SH PUT (b) Other 1 Sole Keycorp New PFD 7.75% SR A 493267405 2,974 29,157 SH (a) Sole Sole Kimberly-Clark Corporation COM 494368103 2,748 38,700 SH (a) Sole Sole Kimberly-Clark Corporation COM 494368103 2,748 387 SH PUT (a) Sole Sole Kinetic Concepts, Inc. COM NEW 49460W208 123,976 1,881,565 SH (a) Sole Sole Kinetic Concepts, Inc. COM NEW 49460W208 2,372 36,000 SH (b) Other 1 Sole Kraft Foods, Inc. CL A 50075N104 15,900 4,735 SH PUT (a) Sole Sole Kraft Foods, Inc. CL A 50075N104 890 265 SH PUT (b) Other 1 Sole Kraft Foods, Inc. CL A 50075N104 15,900 473,500 SH (a) Sole Sole Kraft Foods, Inc. CL A 50075N104 890 26,500 SH (b) Other 1 Sole Marriott International Inc. New CL A 571903202 15,769 578,900 SH (a) Sole Sole Marriott International Inc. New CL A 571903202 575 21,100 SH (b) Other 1 Sole Marriott International Inc. New CL A 571903202 15,769 5,789 SH PUT (a) Sole Sole Marriott International Inc. New CL A 571903202 575 211 SH PUT (b) Other 1 Sole McGraw-Hill Companies, Inc. COM 580645109 12,300 300,000 SH (a) Sole Sole McGraw-Hill Companies, Inc. COM 580645109 209 51 SH PUT (a) Sole Sole McGraw-Hill Companies, Inc. PUTS 580645109 12,091 2,949 SH PUT (a) Sole Sole Mead Johnson Nutrition Co. COM 582839106 43,514 632,200 SH (a) Sole Sole Mead Johnson Nutrition Co. COM 582839106 1,301 18,900 SH (b) Other 1 Sole Mead Johnson Nutrition Co. COM 582839106 43,514 6,322 SH PUT (a) Sole Sole Mead Johnson Nutrition Co. COM 582839106 1,301 189 SH PUT (b) Other 1 Sole Medco Health Solutions, Inc. COM 58405U102 38,051 811,500 SH (a) Sole Sole Medco Health Solutions, Inc. COM 58405U102 633 13,500 SH (b) Other 1 Sole Merck & Co. Inc. New COM 58933Y105 2,473 75,600 SH (a) Sole Sole Merck & Co. Inc. New COM 58933Y105 2,473 756 SH PUT (a) Sole Sole Motorola Mobility Holdings, Inc. COM 620097105 250,938 6,642,098 SH (a) Sole Sole Motorola Mobility Holdings, Inc. COM 620097105 5,340 141,351 SH (b) Other 1 Sole Nalco Holding Co. COM 62985Q101 147,514 4,217,085 SH (a) Sole Sole Nalco Holding Co. COM 62985Q101 3,689 105,465 SH (b) Other 1 Sole National Westminster Bank plc SPON ADR C 638539882 2,372 132,600 SH (a) Sole Sole NetLogic Microsystems Inc. COM 64118B100 180,573 3,753,344 SH (a) Sole Sole NetLogic Microsystems Inc. COM 64118B100 3,474 72,204 SH (b) Other 1 Sole Nicor Inc. COM 654086107 3,391 61,650 SH (a) Sole Sole Nicor Inc. COM 654086107 69 1,250 SH (b) Other 1 Sole NYSE Euronext COM 629491101 97,059 4,176,398 SH (a) Sole Sole NYSE Euronext COM 629491101 2,438 104,902 SH (b) Other 1 Sole Pfizer Inc. COM 717081103 10,919 617,600 SH (a) Sole Sole Pfizer Inc. COM 717081103 10,919 6,176 SH PUT (a) Sole Sole Procter & Gamble Co. COM 742718109 2,085 33,000 SH (a) Sole Sole Procter & Gamble Co. COM 742718109 2,085 330 SH PUT (a) Sole Sole Progress Energy Inc. COM 743263105 42,457 820,900 SH (a) Sole Sole Progress Energy Inc. COM 743263105 2,038 39,400 SH (b) Other 1 Sole Progress Energy Inc. COM 743263105 42,441 8,206 SH PUT (a) Sole Sole Progress Energy Inc. COM 743263105 2,038 394 SH PUT (b) Other 1 Sole Range Resources Corporation COM 75281A109 22,981 393,100 SH (a) Sole Sole Range Resources Corporation COM 75281A109 403 6,900 SH (b) Other 1 Sole Range Resources Corporation COM 75281A109 22,981 3,931 SH PUT (a) Sole Sole Range Resources Corporation COM 75281A109 403 69 SH PUT (b) Other 1 Sole Rio Tinto plc SPONSORED ADR 767204100 14,417 327,071 SH (a) Sole Sole Rio Tinto plc SPONSORED ADR 767204100 838 19,000 SH (b) Other 1 Sole Royal Bank of Scotland plc SPON ADR SER H 780097879 962 56,035 SH (a) Sole Sole Sara Lee Corp. COM 803111103 38,215 2,337,300 SH (a) Sole Sole Sara Lee Corp. COM 803111103 1,897 116,000 SH (b) Other 1 Sole Sara Lee Corp. COM 803111103 38,215 23,373 SH PUT (a) Sole Sole Sara Lee Corp. COM 803111103 1,897 1,160 SH PUT (b) Other 1 Sole Savient Pharmaceuticals Inc. COM 80517Q100 2,032 495,693 SH (a) Sole Sole Savient Pharmaceuticals Inc. COM 80517Q100 156 38,110 SH (b) Other 1 Sole Select Sector SPDR Trust SBI INT - ENERGY 81369Y506 5,044 862 SH PUT (a) Sole Sole Select Sector SPDR Trust SBI INT - ENERGY 81369Y506 117 20 SH PUT (b) Other 1 Sole Select Sector SPDR Trust SBI INT - ENERGY 81369Y506 8,496 1,452 SH PUT (a) Sole Sole Select Sector SPDR Trust SBI INT - ENERGY 81369Y506 281 48 SH PUT (b) Other 1 Sole Select Sector SPDR Trust SBI MATERIALS 81369Y100 1,885 642 SH PUT (a) Sole Sole Select Sector SPDR Trust SBI MATERIALS 81369Y100 176 60 SH PUT (b) Other 1 Sole Select Sector SPDR Trust TECHNOLOGY 81369Y803 5,371 2,276 SH PUT (a) Sole Sole Select Sector SPDR Trust TECHNOLOGY 81369Y803 529 224 SH PUT (b) Other 1 Sole Semiconductor HOLDRs Trust DEP RCPT 816636203 2,651 932 SH PUT (a) Sole Sole Semiconductor HOLDRs Trust DEP RCPT 816636203 51 18 SH PUT (b) Other 1 Sole Southern Union Company New COM 844030106 85,179 2,099,548 SH (a) Sole Sole Southern Union Company New COM 844030106 3,461 85,300 SH (b) Other 1 Sole SPDR S&P 500 ETF Trust TR UNIT 78462F103 222,351 19,651 SH PUT (a) Sole Sole SPDR S&P 500 ETF Trust TR UNIT 78462F103 3,949 349 SH PUT (b) Other 1 Sole SPDR Series Trust S&P RETAIL ETF 78464A714 4,294 929 SH PUT (a) Sole Sole SPDR Series Trust S&P RETAIL ETF 78464A714 92 20 SH PUT (b) Other 1 Sole SunPower Corp. COM CL B 867652307 777 105,716 SH (a) Sole Sole SunPower Corp. COM CL B 867652307 40 5,486 SH (b) Other 1 Sole Telephone and Data Systems, Inc. SPL COM 879433860 3,287 166,237 SH (a) Sole Sole Telephone and Data Systems, Inc. SPL COM 879433860 831 42,054 SH (b) Other 1 Sole Temple-Inland Inc. COM 879868107 166,455 5,306,189 SH (a) Sole Sole Temple-Inland Inc. COM 879868107 3,280 104,558 SH (b) Other 1 Sole Transatlantic Holdings, Inc. COM 893521104 65,107 1,341,869 SH (a) Sole Sole Transatlantic Holdings, Inc. COM 893521104 2,698 55,600 SH (b) Other 1 Sole Varian Semiconductor Equipment Assoc. Inc COM 922207105 182,762 2,988,752 SH (a) Sole Sole Varian Semiconductor Equipment Assoc. Inc COM 922207105 3,718 60,800 SH (b) Other 1 Sole Ventas, Inc. COM 92276F100 225 4,557 SH (a) Sole Sole Ventas, Inc. COM 92276F100 8 165 SH (b) Other 1 Sole Verizon Communications Inc. COM 92343V104 13,130 356,800 SH (a) Sole Sole Verizon Communications Inc. COM 92343V104 478 13,000 SH (b) Other 1 Sole Verizon Communications Inc. COM 92343V104 13,130 3,568 SH PUT (a) Sole Sole Verizon Communications Inc. COM 92343V104 478 130 SH PUT (b) Other 1 Sole Wal-Mart Stores Inc. COM 931142103 1,090 210 SH PUT (a) Sole Sole Wal-Mart Stores Inc. COM 931142103 1,090 21,000 SH (a) Sole Sole Wells Fargo Co. New PERP PFD CNV A 949746804 2,580 2,500 SH (a) Sole Sole Williams Companies Nov.23 put COM 969457100 37,021 15,210 SH PUT (a) Sole Sole Williams Companies Nov.23 put COM 969457100 706 290 SH PUT (b) Other 1 Sole Williams Companies, Inc. COM 969457100 37,021 1,521,000 SH (a) Sole Sole Williams Companies, Inc. COM 969457100 706 29,000 SH (b) Other 1 Sole Total 4,296,316