13F-HR/A 1 inftable20031231.txt 13F AMENDMENT FOR QUARTER ENDING DECEMBER 31, 2003 UNITED STATES SECRITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: DECEMBER 31, 2003 Check here if Amendment [x] Amendment Number: 1 This Amendment: [X] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC. Address: 580 CALIFORNIA STREET, SUITE 1900 SAN FRANCISCO, CA 94104 Form 13F File Number: 028-05208 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: SHANNON LEMON Title: CCO Phone: 415-627-0737 Signature, Place, and Date of Signing: /s/ SHANNON S. LEMON SAN FRANCISCO, CA MARCH 31, 2010 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 98 Form 13F Information Table Value Total: 216617(x$1000) List of Other Included Managers: None FORM 13F INFORMATION TABLE 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579y101 969 11400 SH Sole 11400 Abbott Labs COM 002824100 2123 45550 SH Sole 45550 Adobe Sys Inc COM 00724F101 1317 33700 SH Sole 33700 Agilent Technologies COM 00846U101 297 10173 SH Sole 10173 Altria Group Inc COM 02209S103 236 4338 SH Sole 4338 American Express Co COM 025816109 4161 86271 SH Sole 86271 American International Group COM 026874107 6095 91964 SH Sole 91964 Amgen Inc COM 031162100 2706 43800 SH Sole 43800 Apollo Group Inc COM 037604105 322 4750 SH Sole 4750 Applied Biosystems OLD COM 380201038 779 37610 SH Sole 37610 Applied Materials Inc COM 038222105 1164 51850 SH Sole 51850 Automatic Data Processing Inc COM 053015103 1357 34250 SH Sole 34250 Bank of America COM 060505104 1099 13669 SH Sole 13669 Bed Bath & Beyond COM 075896100 1136 26200 SH Sole 26200 Biogen Idec Inc COM 09062x103 215 5865 SH Sole 5865 BP Plc Sponsored ADR COM 055622104 4640 94032 SH Sole 94032 Bristol Myers Squibb COM 110122108 315 11000 SH Sole 11000 Burlington Northern COM 12189T104 256 7922 SH Sole 7922 Cardinal Health Inc COM 14149Y108 569 9300 SH Sole 9300 Carnival Corp COM 143658300 2598 65400 SH Sole 65400 Caterpillar Inc COM 149123101 291 3500 SH Sole 3500 Chevron Corp COM 166764100 4758 55073 SH Sole 55073 Cintas Corp Ohio COM 172908105 3469 69249 SH Sole 69249 Cisco Systems COM 17275r102 3835 158285 SH Sole 158285 Citigroup Inc COM 172967101 2170 44698 SH Sole 44698 Clear Channel Comm COM 184502102 1016 21700 SH Sole 21700 Coca Cola Co COM 191216100 1480 29172 SH Sole 29172 Corning Inc COM 219350105 413 39633 SH Sole 39633 Deere & Co COM 244199105 483 7426 SH Sole 7426 Dell Inc COM 24702R101 1544 45440 SH Sole 45440 Disney Walt Co COM 254687106 490 21000 SH Sole 21000 Dollar Tree Stores COM 256746108 367 12200 SH Sole 12200 Dow Chem Co COM 260543103 585 14071 SH Sole 14071 Du Pont de Nemours COM 263534109 1230 26806 SH Sole 26806 Ensco Intl Inc COM 26874Q100 1910 70300 SH Sole 70300 Exxon Mobil Corp COM 30231G102 6583 160572 SH Sole 160572 Federal Natl Mtg Assn COM 313586109 2778 37005 SH Sole 37005 First Data Corp COM 319963104 1777 43250 SH Sole 43250 Fiserv Inc COM 337738108 4589 116062 SH Sole 116062 Fleet Boston Financial COM 339030108 335 7675 SH Sole 7675 Flextronics Intl Ltd COM Y2573F102 2367 159900 SH Sole 159900 Franklin Res Inc COM 354613101 620 11911 SH Sole 11911 General Electric Co COM 369604103 15215 491132 SH Sole 491132 Harley Davidson Inc COM 412822108 1214 25550 SH Sole 25550 Hewlett Packard Co. COM 428236103 2312 100642 SH Sole 100642 Home Depot, Inc. COM 437076102 2402 67677 SH Sole 67677 Honeywell Inc COM 438516106 234 7000 SH Sole 7000 Intel Corp COM 458140100 5589 174388 SH Sole 174388 Intl Business Mach COM 459200101 6544 70608 SH Sole 70608 Jefferson Pilot Corp COM 475070108 692 13668 SH Sole 13668 Johnson & Johnson COM 478160104 5141 99508 SH Sole 99508 JPMorgan Chase & Co COM 46625H100 1057 28764 SH Sole 28764 Kohl's Corp. COM 500255104 690 15350 SH Sole 15350 Lehman Brothers Holdings Inc COM 524908100 364 4712 SH Sole 4712 Linear Technology COM 535678106 2474 58800 SH Sole 58800 Marsh & Mclennan Cos Inc COM 571748102 373 7780 SH Sole 7780 Maxim Integrated Inc COM 57772K101 984 19850 SH Sole 19850 Medtronic Inc COM 585055106 4489 92350 SH Sole 92350 Merck & Co COM 589331107 2274 49212 SH Sole 49212 Microsoft Corp. COM 594918104 7019 256443 SH Sole 256443 Molex Inc COM 608554101 293 8401 SH Sole 8401 Moody's COM 615369105 206 3400 SH Sole 3400 Morgan Stanley COM 617446448 490 8461 SH Sole 8461 National City Corp COM 635405103 299 8809 SH Sole 8809 Noble Energy, Inc. COM 655044105 284 6400 SH Sole 6400 Nokia Corp ADR COM 654902204 2492 146600 SH Sole 146600 Omnicom Group Inc COM 681919106 2589 29650 SH Sole 29650 Oracle Corp. COM 68389x105 623 47100 SH Sole 47100 Pepsico, Inc. COM 713448108 4979 106800 SH Sole 106800 Pfizer, Inc. COM 717081103 5681 160787 SH Sole 160787 Procter & Gamble Co COM 742718109 6385 63929 SH Sole 63929 RLI Corp COM 749607107 579 15466 SH Sole 15466 Royal Dutch Pete COM 780257804 827 15788 SH Sole 15788 SBC Communications Inc COM 384 14724 SH Sole 14724 Schlumberger Ltd COM 806857108 438 8000 SH Sole 8000 Staples, Inc. COM 855030102 1480 54225 SH Sole 54225 Starbucks Corp COM 855244109 2978 89800 SH Sole 89800 State Street Corp. COM 857477103 965 18531 SH Sole 18531 Sysco Corp COM 871829107 439 11800 SH Sole 11800 The Charles Schwab Corp COM 577 48701 SH Sole 48701 Tyco International Ltd. COM h89128104 4770 180000 SH Sole 180000 U.S. Bancorp COM 902973304 473 15891 SH Sole 15891 United Technologies COM 913017109 548 5782 SH Sole 5782 Verizon Comm COM 92343V104 408 11618 SH Sole 11618 Viacom Inc Cl B COM 92553P201 646 14550 SH Sole 14550 Vodafone Grp ADR COM 92857W209 2819 112566 SH Sole 112566 Wal Mart Stores Inc COM 931142103 2371 44700 SH Sole 44700 Walgreen Co COM 931422109 1923 52850 SH Sole 52850 Weatherford COM g95089101 2493 69250 SH Sole 69250 Wells Fargo & Co COM 949746101 17468 296628 SH Sole 296628 Whole Food Market, Inc. COM 966837106 269 4000 SH Sole 4000 Wyeth COM 983024100 760 17900 SH Sole 17900 Chestnut Str Exch Fd Sh Partsh 166668103 12253 37432.300 SH Sole 37432.300 Liberty Fds Tr VII Newport Tig 19764n501 252 21500.556 SH Sole 21500.556 Midcap SPDR Tr Ser 1 595635103 345 3270 SH Sole 3270 Nasdaq-100 Trusts Shares 631100104 250 6864 SH Sole 6864 SPDR Tr Unit Ser 1 78462F103 921 8272 SH Sole 8272 The Individuals' Venture Fund 150 150000 SH Sole 150000