0000897423-13-000027.txt : 20130510 0000897423-13-000027.hdr.sgml : 20130510 20130510141908 ACCESSION NUMBER: 0000897423-13-000027 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130510 DATE AS OF CHANGE: 20130510 EFFECTIVENESS DATE: 20130510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BBT Capital Management, LLC CENTRAL INDEX KEY: 0001544341 IRS NUMBER: 412028120 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14954 FILM NUMBER: 13832665 BUSINESS ADDRESS: STREET 1: 201 MAIN STREET, SUITE 3200 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 817-390-8400 MAIL ADDRESS: STREET 1: 201 MAIN STREET, SUITE 3200 CITY: FORT WORTH STATE: TX ZIP: 76102 13F-HR 1 bbtcmllc13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Quarter Ended: March 31, 2013 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: BBT Capital Management, LLC Address: 201 Main Street, Suite 3200 Fort Worth, Texas 76102 Form 13F File Number: 28-14954 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 Report Manager: Name: William O. Reimann Title: Vice President Phone: 817/390-8400 Signature, Place, and Date of Signing: /s/ William O. Reimann Fort Worth, Texas May 10, 2013 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 226 Form 13F Information Table Value Total: $1,693,050 (thousands) List of Other Included Managers:
No. Form 13F File Number Name 1 28-5275 BBT Fund, L.P. 2 28-10369 BBT Master Fund, L.P. 3 28-12712 BBT Capital Management, Inc.
FORM 13F INFORMATION TABLE
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMNT OTHR VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CLL DISCRETN MGRS SOLE SHRD NONE AT&T INC COM 00206R102 692 18859 SH Defined 1,2 18859 AT&T INC COM 00206R102 2201 60000 SH CALL Defined 1,2 ABBOTT LABS COM 002824100 696 19692 SH Defined 1,2 19692 ABBVIE INC COM 00287Y109 735 18022 SH Defined 1,2 18022 AEROPOSTALE COM 007865108 4982 366323 SH Defined 1,2 366323 AKORN INC COM 009728106 2597 187792 SH Defined 1,2 187792 ALLIED NEVADA GOLD CORP COM 019344100 711 43201 SH Defined 1,2 43201 ALPHA NATURAL RESOURCES INC COM 02076X102 164 20000 SH CALL Defined 1 ALTRIA GROUP INC COM 02209S103 675 19634 SH Defined 1,2 19634 AMAZON COM INC COM 023135106 3331 12500 SH PUT Defined 1,2 AMERICAN AXLE & MFG HLDGS IN COM 024061103 2350 172149 SH Defined 1,2 172149 AMERICAN TOWER CORP NEW COM 03027X100 9230 120000 SH Defined 1,2 120000 AMERISTAR CASINOS INC COM 03070Q101 22512 858272 SH Defined 1,2 858272 ANADARKO PETE CORP COM 032511107 25142 287500 SH Defined 1,2 287500 ANN INC COM 035623107 2416 83251 SH Defined 1,2 83251 APPLE INC COM 037833100 6374 14400 SH Defined 1,2 14400 APPROACH RESOURCES INC COM 03834A103 11493 467018 SH Defined 1,2 467018 ARBITRON INC COM 03875Q108 14537 310158 SH Defined 1,2 310158 AURICO GOLD INC COM 05155C105 1633 259572 SH Defined 1,2 259572 AURIZON MINES LTD COM 05155P106 483 109600 SH Defined 1,2 109600 BAKER MICHAEL CORP COM 057149106 2226 90841 SH Defined 1,2 90841 BARCLAYS BK PLC IPATH S&P5 06740C188 3136 154861 SH Defined 1,2 154861 BARNES & NOBLE INC COM 067774109 7848 477054 SH Defined 1,2 477054 BARRICK GOLD CORP COM 067901108 1837 62500 SH CALL Defined 1,2 BARRETT BILL CORP COM 06846N104 20391 1005951 SH Defined 1,2 1005951 BHP BILLITON LTD SPONSORED 088606108 6159 90000 SH Defined 1,2 90000 BONANZA CREEK ENERGY INC COM 097793103 5344 138200 SH Defined 1,2 138200 BOYD GAMING CORP COM 103304101 2235 270300 SH Defined 1,2 270300 BROADCOM CORP CL A 111320107 3003 86597 SH Defined 1,2 86597 CBS CORP NEW COM 124857202 5603 120000 SH CALL Defined 1,2 CA INC COM 12673P105 2014 80000 SH Defined 1,2 80000 CABOT OIL & GAS CORP COM 127097103 33954 502208 SH Defined 1,2 502208 CANADIAN NAT RES LTD COM 136385101 5462 170000 SH Defined 1,2 170000 CARDINAL HEALTH INC COM 14149Y108 6243 150000 SH CALL Defined 1,2 CARNIVAL CORP PAIRED CTF 143658300 2660 77541 SH Defined 1,2 77541 CELANESE CORP DEL COM SER A 150870103 9471 215000 SH Defined 1,2 215000 CHESAPEAKE ENERGY CORP COM 165167107 24892 1219600 SH PUT Defined 1,2 CHEVRON CORP NEW COM 166764100 679 5713 SH Defined 1,2 5713 CISCO SYS INC COM 17275R102 4022 192464 SH Sole 192464 CLEARWIRE CORP NEW CL A 18538Q105 10368 3200000 SH Defined 1,2 3200000 CLEARWIRE CORP NEW COM 18538Q105 486 150000 SH CALL Defined 1,2 COACH INC COM 189754104 2498 49977 SH Defined 1,2 49977 COBALT INTL ENERGY INC COM 19075F106 16122 571696 SH Defined 1,2 571696 COBALT INTL ENERGY INC NOTE 2.62 19075FAA4 5591 5000000 PRN Defined 1,2 COCA COLA CO COM 191216100 1018 25180 SH Sole 25180 COCA COLA CO COM 191216100 713 17639 SH Defined 1,2 17639 COLGATE PALMOLIVE CO COM 194162103 701 5940 SH Defined 1,2 5940 COMCAST CORP NEW COM 20030N101 2519 60000 SH PUT Defined 1,2 COMCAST CORP NEW CL A SPL 20030N200 11685 295000 SH Defined 1,2 295000 COMPUWARE CORP COM 205638109 2677 214172 SH Defined 1,2 214172 CRAWFORD & CO CL A 224633206 294 55558 SH Sole 55558 CROCS INC COM 227046109 3243 218838 SH Defined 1,2 218838 D R HORTON INC NOTE 2.00 23331ABB4 50609 26850000 PRN Defined 1,2 DEAN FOODS CO NEW COM 242370104 9334 514820 SH Defined 1,2 514820 DECKERS OUTDOOR CORP COM 243537107 4489 80610 SH Defined 1,2 80610 DECKERS OUTDOOR CORP COM 243537107 1114 20000 SH PUT Defined 1,2 DELL INC COM 24702R101 17469 1219026 SH Defined 1,2 1219026 DELTA AIR LINES INC DEL COM NEW 247361702 6604 400000 SH Defined 1,2 400000 DEMAND MEDIA INC COM 24802N109 3197 370488 SH Defined 1,2 370488 DEVON ENERGY CORP NEW COM 25179M103 5642 100000 SH CALL Defined 1,2 DIAMOND OFFSHORE DRILLING IN COM 25271C102 9738 140000 SH Defined 1,2 140000 DIGITAL RIV INC COM 25388B104 3038 214882 SH Defined 1,2 214882 DISNEY WALT CO COM 254687106 6248 110000 SH PUT Defined 1,2 DISNEY WALT CO COM DISNEY 254687106 10224 180000 SH Defined 1,2 180000 DISCOVERY COMMUNICATNS NEW COM 25470F104 2362 30000 SH CALL Defined 1,2 DIRECTV COM 25490A309 1132 20000 SH CALL Defined 1,2 DU PONT E I DE NEMOURS & CO COM 263534109 2478 50416 SH Defined 1,2 50416 EQT CORP COM 26884L109 34892 515008 SH Defined 1,2 515008 EXCO RESOURCES INC COM 269279402 1666 233721 SH Defined 1,2 233721 EBAY INC COM 278642103 2982 55000 SH Defined 1,2 55000 EBAY INC COM 278642103 2982 55000 SH PUT Defined 1,2 ELAN PLC ADR 284131208 1967 166674 SH Defined 1,2 166674 ENDO HEALTH SOLUTIONS INC COM 29264F205 3871 125846 SH Defined 1,2 125846 ENERGEN CORP COM 29265N108 7239 139185 SH Defined 1,2 139185 ENERGYSOLUTIONS INC COM 292756202 3188 850000 SH Defined 1,2 850000 EXELON CORP COM 30161N101 13989 405707 SH Defined 1,2 405707 EXPRESS SCRIPTS HLDG CO COM 30219G108 2262 39252 SH Defined 1,2 39252 EXXON MOBIL CORP COM 30231G102 664 7370 SH Defined 1,2 7370 FAIRPOINT COMMUNICATIONS ICOM NEW 305560302 746 99905 SH Defined 1,2 99905 FREEPORT-MCMORAN COPPER & GO COM 35671D857 11750 355000 SH CALL Defined 1,2 GENERAL ELECTRIC CO COM 369604103 671 29022 SH Defined 1,2 29022 GENERAL MTRS CO COM 37045V100 12519 450000 SH Defined 1,2 450000 GENTEX CORP COM 371901109 800 40000 SH CALL Defined 1,2 GOODRICH PETE CORP COM NEW 382410405 2729 174348 SH Defined 1,2 174348 GOODYEAR TIRE & RUBR CO COM 382550101 4598 364800 SH Defined 1,2 364800 GOOGLE INC CL A 38259P508 3971 5000 SH Defined 1,2 5000 GOOGLE INC COM 38259P508 794 1000 SH PUT Defined 1,2 GREENBRIER COS INC NOTE 3.50 393657AH4 4021 4000000 PRN Defined 1,2 GROUP 1 AUTOMOTIVE INC COM 398905109 2895 48199 SH Defined 1,2 48199 HCA HOLDINGS INC COM 40412C101 2997 73770 SH Defined 1,2 73770 HARRIS TEETER SUPERMARKETS I COM 414585109 1741 40767 SH Defined 1,2 40767 HERTZ GLOBAL HOLDINGS INC NOTE 5.25 42805TAA3 54177 19980000 PRN Defined 1,2 HESS CORP COM 42809H107 1790 25000 SH Defined 1,2 25000 IAMGOLD CORP COM 450913108 2160 300000 SH Defined 1,2 300000 ILLUMINA INC COM 452327109 2699 50000 SH Defined 1,2 50000 INTEGRATED DEVICE TECHNOLOGY COM 458118106 2560 342747 SH Defined 1,2 342747 INTEL CORP COM 458140100 3099 141947 SH Defined 1,2 141947 INTERNATIONAL BUSINESS MACHS COM 459200101 682 3198 SH Defined 1,2 3198 INTERPUBLIC GROUP COS INC COM 460690100 3909 300000 SH Defined 1,2 300000 INTUIT COM 461202103 2989 45528 SH Defined 1,2 45528 IRON MTN INC COM 462846106 1816 50000 SH CALL Defined 1,2 ISHARES TR COM 464287655 944 10000 SH CALL Defined 1,2 ISHARES TR RUSSELL 20 464287655 944 10000 SH Defined 1,2 10000 JOHNSON & JOHNSON COM 478160104 719 8823 SH Defined 1,2 8823 JOHNSON & JOHNSON COM 478160104 4076 50000 SH CALL Defined 1,2 KINROSS GOLD CORP COM NO PAR 496902404 3046 384160 SH Defined 1,2 384160 KOHLS CORP COM 500255104 3127 67790 SH Defined 1,2 67790 KOHLS CORP COM 500255104 5536 120000 SH CALL Defined 1,2 KRAFT FOODS GROUP INC COM 50076Q106 712 13815 SH Defined 1,2 13815 KYTHERA BIOPHARMACEUTICALS ICOM 501570105 10378 426043 SH Defined 1 426043 LEGG MASON INC COM 524901105 2008 62468 SH Defined 1,2 62468 LIBERTY GLOBAL INC COM 530555101 3669 50000 SH CALL Defined 1,2 LIBERTY GLOBAL INC COM 530555101 5870 80000 SH PUT Defined 1,2 LIBERTY GLOBAL INC COM SER C 530555309 10638 155000 SH Defined 1,2 155000 LIBERTY MEDIA CORP DELAWARE CL A 531229102 19225 172224 SH Defined 1,2 172224 LIMITED BRANDS INC COM 532716107 2796 62599 SH Defined 1,2 62599 LIONS GATE ENTMNT CORP COM 535919203 1189 50000 SH PUT Defined 1,2 LIONS GATE ENTMNT CORP COM NEW 535919203 2065 86890 SH Defined 1,2 86890 LOCKHEED MARTIN CORP COM 539830109 4826 50000 SH CALL Defined 1,2 MARATHON OIL CORP COM 565849106 14068 417200 SH Defined 1,2 417200 MARATHON PETE CORP COM 56585A102 25312 282500 SH Defined 1,2 282500 MASTERCARD INC CL A 57636Q104 3386 6258 SH Defined 1,2 6258 MCDONALDS CORP COM 580135101 694 6959 SH Defined 1,2 6959 MERCK & CO INC NEW COM 58933Y105 679 15373 SH Defined 1,2 15373 MERCK & CO INC NEW COM 58933Y105 2210 50000 SH CALL Defined 1,2 MERCURY GENL CORP NEW COM 589400100 2081 54861 SH Sole 54861 MEREDITH CORP COM 589433101 2112 55200 SH CALL Defined 1,2 MICROSOFT CORP COM 594918104 4280 149620 SH Defined 1,2 149620 MONDELEZ INTL INC CL A 609207105 728 23770 SH Defined 1,2 23770 MURPHY OIL CORP COM 626717102 7966 125000 SH Defined 1,2 125000 NII HLDGS INC CL B NEW 62913F201 2487 575000 SH Defined 1,2 575000 NRG ENERGY INC COM 629377508 1213 45800 SH PUT Defined 1,2 NRG ENERGY INC COM NEW 629377508 18890 713089 SH Defined 1,2 713089 NATIONAL GRID PLC SPON ADR N 636274300 6448 111153 SH Defined 1,2 111153 NAVISTAR INTL CORP NEW COM 63934E108 9548 276200 SH Defined 1,2 276200 NEWFIELD EXPL CO COM 651290108 11337 505683 SH Defined 1,2 505683 NEWMONT MINING CORP COM 651639106 4189 100000 SH CALL Defined 1,2 NEWS CORP CL A 65248E104 6102 200000 SH Defined 1,2 200000 NEWS CORP COM 65248E104 2746 90000 SH PUT Defined 1,2 NOKIA CORP SPONSORED 654902204 6232 1900000 SH Defined 1,2 1900000 NOBLE ENERGY INC COM 655044105 10616 91782 SH Defined 1,2 91782 NORDION INC COM 65563C105 2561 387403 SH Defined 1,2 387403 NOVADAQ TECHNOLOGIES INC COM 66987G102 1416 142857 SH Defined 1,2 142857 OM GROUP INC COM 670872100 951 40500 SH Defined 1,2 40500 OFFICE DEPOT INC COM 676220106 1769 450000 SH Defined 1,2 450000 OFFICEMAX INC DEL COM 67622P101 5875 506000 SH Defined 1,2 506000 OMNIVISION TECHNOLOGIES INC COM 682128103 2064 149899 SH Defined 1,2 149899 PDC ENERGY INC COM 69327R101 15704 316804 SH Defined 1,2 316804 PG&E CORP COM 69331C108 15585 350000 SH Defined 1,2 350000 PPL CORP UNIT 99/99 69351T114 5575 100000 SH Defined 1,2 100000 PEABODY ENERGY CORP COM 704549104 455 21500 SH Defined 1,2 21500 PENNEY J C INC COM 708160106 20169 1334800 SH PUT Defined 1,2 PEPSICO INC COM 713448108 712 9002 SH Defined 1,2 9002 PFIZER INC COM 717081103 693 24020 SH Defined 1,2 24020 PFIZER INC COM 717081103 2886 100000 SH CALL Defined 1,2 PHILIP MORRIS INTL INC COM 718172109 689 7432 SH Defined 1,2 7432 PINNACLE ENTMT INC COM 723456109 15731 1075965 SH Defined 1,2 1075965 PIONEER NAT RES CO COM 723787107 10549 84904 SH Defined 1,2 84904 PLAINS EXPL& PRODTN CO COM 726505100 17061 359403 SH Defined 1,2 359403 PROCTER & GAMBLE CO COM 742718109 679 8806 SH Defined 1,2 8806 PROSHARES TR PSHS ULTSH 74347B201 11158 169800 SH Defined 1,2 169800 QUESTAR CORP COM 748356102 12712 522500 SH Defined 1,2 522500 RTI INTL METALS INC NOTE 3.00 74973WAA5 9853 8500000 PRN Defined 1,2 RANGE RES CORP COM 75281A109 9289 114625 SH Defined 1,2 114625 RELIANCE STEEL & ALUMINUM CO COM 759509102 538 7554 SH Sole 7554 RESOLUTE FST PRODS INC COM 76117W109 2911 179918 SH Defined 1,2 179918 ROSS STORES INC COM 778296103 2727 44981 SH Defined 1,2 44981 SPDR S&P 500 ETF TR COM 78462F103 75202 480000 SH CALL Defined 1,2 SPDR S&P 500 ETF TR COM 78462F103 15667 100000 SH PUT Defined 1,2 SPDR S&P 500 ETF TR TR UNIT 78462F103 17429 111244 SH Defined 1,2 111244 SPDR GOLD TRUST COM 78463V107 4634 30000 SH CALL Defined 1,2 SPDR GOLD TRUST GOLD SHS 78463V107 15447 100000 SH Defined 1,2 100000 SPDR SERIES TRUST S&P RETAIL 78464A714 1582 22471 SH Defined 1,2 22471 SPDR SERIES TRUST S&P METALS 78464A755 23234 575249 SH Defined 1,2 575249 SPDR SERIES TRUST COM 78464A888 2254 75000 SH PUT Defined 1,2 SPDR SERIES TRUST S&P HOMEBU 78464A888 4757 158262 SH Defined 1,2 158262 ST JUDE MED INC COM 790849103 4044 100000 SH CALL Defined 1,2 SAKS INC COM 79377W108 2294 200000 SH Defined 1,2 200000 SANCHEZ ENERGY CORP COM 79970Y105 11807 592744 SH Defined 1,2 592744 SCHLUMBERGER LTD COM 806857108 628 8389 SH Defined 1,2 8389 SCIENTIFIC GAMES CORP CL A 80874P109 6829 780487 SH Defined 1,2 780487 SCOTTS MIRACLE GRO CO CL A 810186106 466 10779 SH Sole 10779 SEARS HLDGS CORP COM 812350106 26189 524100 SH PUT Defined 1,2 SELECT SECTOR SPDR TR SBI MATERI 81369Y100 28503 727500 SH Defined 1,2 727500 SELECT SECTOR SPDR TR SBI HEALTH 81369Y209 3827 83176 SH Defined 1,2 83176 SELECT SECTOR SPDR TR COM 81369Y308 2386 60000 SH CALL Defined 1,2 SELECT SECTOR SPDR TR COM 81369Y407 4240 80000 SH CALL Defined 1,2 SELECT SECTOR SPDR TR SBI INT-FI 81369Y605 1979 108693 SH Defined 1,2 108693 SEMPRA ENERGY COM 816851109 20385 255000 SH Defined 1,2 255000 STARZ COM 85571Q102 2658 120000 SH CALL Defined 1,2 STILLWATER MNG CO COM 86074Q102 3356 259564 SH Defined 1,2 259564 SYNOVUS FINL CORP UNIT 99/99 87161C204 2638 108330 SH Defined 1,2 108330 TESORO CORP COM 881609101 28426 485500 SH Defined 1,2 485500 TEXTRON INC NOTE 4.50 883203BN0 42034 18495000 PRN Defined 1,2 TIME WARNER INC COM 887317303 4898 85000 SH CALL Defined 1,2 TIME WARNER CABLE INC COM 88732J207 2882 30000 SH CALL Defined 1,2 TIVO INC COM 888706108 2292 185000 SH Defined 1,2 185000 TRIPADVISOR INC COM 896945201 2101 40000 SH CALL Defined 1,2 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435000 CHIPMOS TECH BERMUDA LTD SHS G2110R114 1404 105400 SH Defined 1,2 105400 DELPHI AUTOMOTIVE PLC SHS G27823106 32274 726890 SH Defined 1,2 726890 MARVELL TECHNOLOGY GROUP LTDORD G5876H105 1947 184140 SH Defined 1,2 184140 ORIENT-EXPRESS HOTELS LTD CL A G67743107 5924 600796 SH Defined 1,2 600796 ROWAN COMPANIES PLC SHS CL A G7665A101 21817 616987 SH Defined 1,2 616987 NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 24651 646152 SH Defined 1,2 646152 TRANSOCEAN LTD REG SHS H8817H100 22883 440400 SH Defined 1,2 440400 PACIFIC DRILLING SA LUXEMBOU REG SHS L7257P106 14418 1427568 SH Defined 1,2 1427568 INTERXION HOLDING N.V SHS N47279109 2059 85000 SH Defined 1,2 85000 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 30272 478313 SH Defined 1,2 478313 YANDEX N V COM N97284108 4628 200000 SH PUT Defined 1,2 YANDEX N V SHS CLASS N97284108 9025 390000 SH Defined 1,2 390000 AVAGO TECHNOLOGIES LTD SHS Y0486S104 3043 84767 SH Defined 1,2 84767 OCEAN RIG UDW INC SHS Y64354205 17092 1060942 SH Defined 1,2 1060942