0001341004-12-001081.txt : 20120810 0001341004-12-001081.hdr.sgml : 20120810 20120810160940 ACCESSION NUMBER: 0001341004-12-001081 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120810 DATE AS OF CHANGE: 20120810 EFFECTIVENESS DATE: 20120810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRICE MICHAEL F CENTRAL INDEX KEY: 0000918537 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13081 FILM NUMBER: 121024702 MAIL ADDRESS: STREET 1: C/O MFP INVESTORS LLC STREET 2: 667 MADISON AVE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 13F-HR 1 form13f-hr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2012 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: Michael F. Price Address: c/o MFP Investors LLC 667 Madison Ave. 25th Floor New York, New York 10065 13F File Number: 28-13081 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: Michael F. Price Title: Investment Manager Phone: (212) 752-7280 Signature, Place, and Date of Signing: /s/ Michael F. Price New York, NY 8/10/12 -------------------------- ------------ ------- [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)). 2 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 -- Form 13F Information Table Entry Total: 106 --- Form 13F Information Table Value Total: $692,211 -------- (thousands) List of Other Included Managers: 1 MFP Investors LLC
SHRS OR SHRS OR VOTING AUTHORITY NAME OF TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER --------------------------- ISSUER CLASS CUSIP (x$1000) AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- TYCO International Ltd. SHS H89128104 4,558 86,250 SH SOLE 1 86,250 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- ALCO Stores Inc. COM 001600105 2,315 264,919 SH SOLE 1 264,919 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Alleghany Corp. COM 017175100 29,913 88,044 SH SOLE 1 88,044 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Allscripts Healthcare Solutn COM 01988P108 4,372 400,000 SH SOLE 1 400,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- American River Bankshares COM 029326105 1,522 209,008 SH SOLE 1 209,008 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- BRT Realty SH BEN Trust INT NEW 055645303 1,094 168,369 SH SOLE 1 168,369 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- The Bancorp Bank COM 05969F104 2,263 240,000 SH SOLE 1 240,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Bank of America Corporation COM 060505104 1,162 142,027 SH SOLE 142,027 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Barnes & Noble Inc. COM 067774109 9,496 576,900 SH SOLE 1 576,900 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Becton, Dickinson & Co. COM 075887109 18,127 242,500 SH SOLE 1 242,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Big 5 Sporting Goods Corp. COM 08915P101 2,671 353,414 SH SOLE 1 353,414 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Boeing Co. COM 097023105 1,486 20,000 SH SOLE 20,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Boston Scientific Corp. COM 101137107 3,409 601,300 SH SOLE 1 601,300 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Bridgepoint Ed Inc. COM 10807M105 5,982 274,390 SH SOLE 1 274,390 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- COM CIT Group Inc. NEW 125581801 10,247 287,500 SH SOLE 1 287,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- CNO Financial Group Inc. COM 12621E103 4,314 553,094 SH SOLE 1 553,094 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- COM Cache, Inc. NEW 127150308 10,137 2,203,749 SH SOLE 1 2,203,749 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Cape Bancorp Inc. COM 139209100 1,770 213,000 SH SOLE 1 213,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Capitol Federal Financial Inc. COM 14057J101 2,317 195,000 SH SOLE 1 195,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Castle A M & Co. COM 148411101 1,501 141,359 SH SOLE 1 141,359 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- COM Citigroup Inc. NEW 172967101 21,968 801,454 SH SOLE 1 801,454 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Clearwater Paper Corp. COM 18538R103 2,414 70,739 SH SOLE 1 70,739 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Colfax Corp. COM 194014106 3,308 120,000 SH SOLE 1 120,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- ConocoPhillips COM 20825C104 19,362 346,500 SH SOLE 1 346,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Cott Corp Que COM 22163N106 9,198 1,120,345 SH SOLE 1 1,120,345 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Courier Corporation COM 222660102 464 35,000 SH SOLE 1 35,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Cubist Pharmaceuticals Inc. COM 229678107 6,919 182,500 SH SOLE 1 182,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Dell Inc. COM 24702R101 1,376 110,000 SH SOLE 1 110,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Destination Maternity Corp. COM 25065D100 753 34,878 SH SOLE 1 34,878 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- DigitalGlobe COM Inc. NEW 25389M877 872 57,500 SH SOLE 1 57,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Education Management Corp COM 28140M103 1,230 177,000 SH SOLE 1 177,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Elan plc ADR 284131208 13,642 935,000 SH SOLE 1 935,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Enzon Pharmaceuticals Inc. COM 293904108 5,187 755,000 SH SOLE 1 755,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Exelis Inc COM 30162A108 4,220 428,000 SH SOLE 1 428,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Exxon Mobil Corp. COM 30231G102 1,027 12,000 SH SOLE 12,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Farmer Bros Co. COM 307675108 2,681 336,833 SH SOLE 1 336,833 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- First Conn Bancorp Inc. COM 319850103 620 45,960 SH SOLE 1 45,960 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Forest City Enterprises Inc. CL A 345550107 14,600 1,000,000 SH SOLE 1 1,000,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Franklin Financial Corp VA COM 35353C102 11,742 713,798 SH SOLE 1 713,798 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- GAMCO Investors Inc. COM 361438104 3,205 72,200 SH SOLE 1 72,200 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Gencorp Inc. COM 368682100 4,972 763,794 SH SOLE 1 763,794 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- General Electric Co. COM 369604103 1,563 75,000 SH SOLE 75,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Getty Realty Corp. COM 374297109 1,366 71,318 SH SOLE 1 71,318 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Goldman Sachs Group Inc. COM 38141G104 3,834 40,000 SH SOLE 1 40,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Goodrich Corp. COM 382388106 20,304 160,000 SH SOLE 1 160,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Great Florida Bk Miami Lakes Fla CL A 390528107 8 28,469 SH SOLE 28,469 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- GulfMark CL A Offshore, Inc. NEW 402629208 18,501 543,500 SH SOLE 1 543,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Gyrodyne Co. America Inc. COM 403820103 3,937 34,445 SH SOLE 1 34,445 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Hardinge, Inc. COM 412324303 3,052 335,368 SH SOLE 1 335,368 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Harris Corp Del COM 413875105 15,485 370,000 SH SOLE 1 370,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Heritage Commerce Corp. COM 426927109 8,320 1,280,000 SH SOLE 1 1,280,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Heritage Oaks Bancorp COM 42724R107 6,498 1,166,575 SH SOLE 1 1,166,575 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Hewlett Packard Co COM 428236103 16,390 815,000 SH SOLE 1 815,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Hilltop Holdings, Inc. COM 432748101 3,068 297,600 SH SOLE 1 297,600 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Hospira Inc. COM 441060100 8,308 237,500 SH SOLE 1 237,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Hudson City Bancorp COM 443683107 8,382 1,315,800 SH SOLE 1 1,315,800 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Hugoton RTY UNIT TR TEX BEN INT 444717102 273 35,000 SH SOLE 35,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Huntsman Corp. COM 447011107 4,917 380,000 SH SOLE 1 380,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- COM ITT Corp New NEW 450911201 4,533 257,550 SH SOLE 1 257,550 ----------------- ----------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Intel Corp. COM 458140100 35,578 1,335,000 SH SOLE 1 1,335,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Investors Bancorp Inc. COM 46146P102 1,509 100,000 SH SOLE 1 100,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Janus Capital Group Inc. COM 47102X105 14,154 1,810,000 SH SOLE 1 1,810,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Johnson & Johnson COM 478160104 3,040 45,000 SH SOLE 45,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Johnson Outdoors Inc. CL A 479167108 7,842 380,666 SH SOLE 1 380,666 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Kaiser Aluminum COM PAR Corp. $0.01 483007704 15,759 304,002 SH SOLE 1 304,002 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Kemper Corp. Del COM 488401100 4,136 134,504 SH SOLE 1 134,504 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- LHC Group Inc COM 50187A107 1,230 72,500 SH SOLE 1 72,500 ----------------- ----------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Lakes Entertainment, Inc. COM 51206P109 223 76,767 SH SOLE 1 76,767 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Lincare Holdings Inc. COM 532791100 7,484 220,000 SH SOLE 1 220,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Lydall Inc. COM 550819106 630 46,600 SH SOLE 1 46,600 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- MVC Capital Inc. COM 553829102 2,155 166,400 SH SOLE 1 166,400 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- McGraw Hill Companies Inc. COM 580645109 22,500 500,000 SH SOLE 1 500,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Mercer International Inc. COM 588056101 134 23,400 SH SOLE 1 23,400 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- National Fuel Gas Co N J COM 636180101 4,637 98,700 SH SOLE 1 98,700 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- National Presto Industries, Inc. COM 637215104 6,762 96,924 SH SOLE 1 96,924 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Northeast COM Bancorp NEW 663904209 2,205 260,000 SH SOLE 1 260,000 ----------------- ----------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Old Republic Intl Corp. COM 680223104 175 21,093 SH SOLE 21,093 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- OmniAmerican Bancorp Inc COM 68216R107 6,429 300,000 SH SOLE 1 300,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- One Liberty Properties Inc COM 682406103 2,935 155,876 SH SOLE 1 155,876 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Peapack Gladstone Financial Corp. COM 704699107 62 4,029 SH SOLE 4,029 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Penny JC Inc. COM 708160106 18,648 800,000 SH SOLE 1 800,000 ----------------- ----------- --------- -------- --------- --- ---- ---------- -------- ---- ------ ---- Pfizer Inc. COM 717081103 16,148 702,100 SH SOLE 1 702,100 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Phillips 66 COM 718546104 1,778 53,500 SH SOLE 53,500 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Presidential Life Corp. COM 740884101 1,580 160,700 SH SOLE 1 160,700 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Prudential Bancorp Inc. PA COM 744319104 521 95,200 SH SOLE 1 95,200 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Quanex Building Products COM 747619104 1,777 99,400 SH SOLE 1 99,400 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Quantum Corp COM 747906204 812 400,000 SH SOLE 1 400,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Resolute Forest Products Inc. COM 76117W109 4,632 400,000 SH SOLE 1 400,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Royal Dutch Spon ADR Shell PLC A 780259206 998 14,800 SH SOLE 14,800 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Ruths Hospitality Group Inc. COM 783332109 14,476 2,193,267 SH SOLE 1 2,193,267 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Safeguard COM Scientifics, Inc. NEW 786449207 1,695 109,506 SH SOLE 1 109,506 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- RIGHT Sanofi 12/31/2020 80105N113 6,204 4,400,000 SH SOLE 1 4,400,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- SeaChange Intl Inc. COM 811699107 2,074 252,000 SH SOLE 1 252,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Seacor Holdings Inc. COM 811904101 831 9,300 SH SOLE 1 9,300 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Smart Technologies CL A SUB Inc VTG 83172R108 1,136 624,400 SH SOLE 1 624,400 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- SunCoke Energy Inc. COM 86722A103 933 63,655 SH SOLE 1 63,655 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Symetra Financial Corp. COM 87151Q106 22,590 1,790,000 SH SOLE 1 1,790,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Tejon Ranch Co. COM 879080109 14,937 521,900 SH SOLE 1 521,900 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Textron, Inc. COM 883203101 3,482 140,000 SH SOLE 1 140,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Ubiquiti Networks, Inc. COM 90347A100 103 7,235 SH SOLE 7,235 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Verifone Systems Inc. COM 92342Y109 6,122 185,000 SH SOLE 1 185,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Visteon COM Corporation NEW 92839U206 2,813 75,000 SH SOLE 1 75,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- West Coast Bancorp Ore. New COM 952145100 33,543 1,707,000 SH SOLE 1 1,707,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Wilshire Bancorp COM 97186T108 4,376 800,000 SH SOLE 1 800,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Wright Medical Group Inc. COM 98235T107 10,675 500,000 SH SOLE 1 500,000 ----------------- ----------- --------- -------- --------- --- ---- ------------ ---------- --------- ------- -------- Xylem Inc. COM 98419M100 2,593 103,000 SH SOLE 103,000