13F-HR 1 sag4q09.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2009 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: Sage Asset Management, LP Address: 500 Fifth Avenue Suite 930 New York, NY 10110 13F File Number: 28-05821 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: Barry G. Haimes Title: Co-Portfolio Manager Phone: (212) 521-0908 Signature, Place, and Date of Signing: /s/ Barry G. Haimes New York, NY February 12, 2010 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 54 Form13F Information Table Value Total: $184,500 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AARONS INC COM 002535201 1262 45500 SH Sole 45500 0 0 AERCAP HOLDINGS NV SHS N00985106 6225 687100 SH Sole 687100 0 0 ALBANY INTL CORP CL A 012348108 2280 101500 SH Sole 101500 0 0 BARCLAYS BK PLC IPMS INDIA ETN 06739F291 3376 52700 SH Sole 52700 0 0 BARE ESCENTUALS INC COM 067511105 5075 415000 SH Sole 415000 0 0 BEST BUY INC COM 086516101 1870 47400 SH Sole 47400 0 0 BOISE INC COM 09746Y105 6616 1245945 SH Sole 1245945 0 0 BOISE INC *W EXP 06/18/201 09746Y113 957 1543300 SH Sole 1543300 0 0 BOWNE & CO INC COM 103043105 5847 875370 SH Sole 875370 0 0 BRUNSWICK CORP COM 117043109 3218 253200 SH Sole 253200 0 0 CANO PETE INC COM 137801106 3347 3415041 SH Sole 3415041 0 0 CINTAS CORP COM 172908105 28677 1100000 SH CALL Sole 1100000 0 0 CINTAS CORP COM 172908105 2112 81000 SH Sole 81000 0 0 CITIGROUP INC COM 172967101 2135 645000 SH Sole 645000 0 0 CON-WAY INC COM 205944101 2063 59100 SH Sole 59100 0 0 CON-WAY INC COM 205944101 8728 250000 SH CALL Sole 250000 0 0 CUMMINS INC COM 231021106 1555 33900 SH Sole 33900 0 0 D R HORTON INC COM 23331A109 2317 213200 SH Sole 213200 0 0 D R HORTON INC COM 23331A109 5435 500000 SH CALL Sole 500000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 1039 91300 SH Sole 91300 0 0 DENDREON CORP COM 24823Q107 1905 72500 SH Sole 72500 0 0 ETHAN ALLEN INTERIORS INC COM 297602104 3095 230600 SH Sole 230600 0 0 GENESIS LEASE LTD ADR 37183T107 1386 155200 SH Sole 155200 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 3326 19700 SH Sole 19700 0 0 GREEN MTN COFFEE ROASTERS IN COM 393122106 3609 44300 SH Sole 44300 0 0 GSE SYS INC COM 36227K106 2487 453919 SH Sole 453919 0 0 HEWLETT PACKARD CO COM 428236103 4270 82900 SH Sole 82900 0 0 ICAD INC COM 44934S107 1087 715400 SH Sole 715400 0 0 INDIA GLOBALIZATION CAP INC COM 45408X100 1473 1067300 SH Sole 1067300 0 0 KAPSTONE PAPER & PACKAGING C COM 48562P103 3723 378750 SH Sole 378750 0 0 KB HOME COM 48666K109 958 70000 SH CALL Sole 70000 0 0 KB HOME COM 48666K109 2289 167300 SH Sole 167300 0 0 MASCO CORP COM 574599106 1795 130000 SH Sole 130000 0 0 MORGAN STANLEY COM NEW 617446448 3821 129100 SH Sole 129100 0 0 OLD DOMINION FGHT LINES INC COM 679580100 2324 75700 SH Sole 75700 0 0 PAYCHEX INC COM 704326107 9192 300000 SH CALL Sole 300000 0 0 PLAINS EXPL& PRODTN CO COM 726505100 3200 115700 SH Sole 115700 0 0 PMC-SIERRA INC COM 69344F106 1923 222000 SH Sole 222000 0 0 PRIDE INTL INC DEL COM 74153Q102 1755 55000 SH Sole 55000 0 0 PULTE HOMES INC COM 745867101 913 91300 SH Sole 91300 0 0 QUANEX BUILDING PRODUCTS COR COM 747619104 5061 298250 SH Sole 298250 0 0 SEARCHMEDIA HOLDINGS LTD *W EXP 99/99/999 G8005Y114 574 255000 SH Sole 255000 0 0 SHAW GROUP INC COM 820280105 1343 46700 SH Sole 46700 0 0 SIRIUS XM RADIO INC COM 82967N108 2058 3430000 SH Sole 3430000 0 0 SOUTHWESTERN ENERGY CO COM 845467109 1928 40000 SH PUT Sole 40000 0 0 TEREX CORP NEW COM 880779103 1270 64100 SH Sole 64100 0 0 TERRA INDS INC COM 880915103 2768 86000 SH Sole 86000 0 0 THOR INDS INC COM 885160101 5332 169800 SH Sole 169800 0 0 TRANSOCEAN LTD REG SHS H8817H100 2857 34500 SH Sole 34500 0 0 UNITED STATES NATL GAS FUND UNIT 912318102 1310 130000 SH PUT Sole 130000 0 0 VERSO PAPER CORP COM 92531L108 1910 731750 SH Sole 731750 0 0 WARNER MUSIC GROUP CORP COM 934550104 4754 840000 SH Sole 840000 0 0 WHIRLPOOL CORP COM 963320106 1613 20000 SH Sole 20000 0 0 WISDOMTREE TRUST INDIA ERNGS FD 97717W422 3057 138500 SH Sole 138500 0 0