-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IfbiJlaqgjRabTcsuD92uKEAq7qXGSKFdIpH7KjOgjviXMpAymamBmgNFbcA7gC0 MbdayxQIL5aKaMNnWxN3vQ== 0001085146-07-000812.txt : 20070813 0001085146-07-000812.hdr.sgml : 20070813 20070813172429 ACCESSION NUMBER: 0001085146-07-000812 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070630 FILED AS OF DATE: 20070813 DATE AS OF CHANGE: 20070813 EFFECTIVENESS DATE: 20070813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEELHEAD PARTNERS LLC CENTRAL INDEX KEY: 0001133521 IRS NUMBER: 911740598 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06101 FILM NUMBER: 071050176 BUSINESS ADDRESS: STREET 1: 1301 FIRST AVENUE STREET 2: STE 201 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 2066892450 MAIL ADDRESS: STREET 1: 1301 FIRST AVENUE STREET 2: STE 201 CITY: SEATTLE STATE: WA ZIP: 98101 13F-HR 1 stlp2q07.txt STEELHEAD PARTNERS LLC 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, 2007 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: Steelhead Partners LLC Address: 1301 First Ave., Suite 201 Seattle, WA 98101 13F File Number: 28-06101 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: J. Michael Johnston Title: Managing Member Phone: 206-689-2450 Signature, Place, and Date of Signing: /s/ J. Michael Johnston Seattle, WA July 20, 2007 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: 92 Form13F Information Table Value Total: $2,774,470 (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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3COM CORP COM 885535104 32785 7938335 SH SOLE 7938335 0 0 3COM CORP COM 885535104 3304 800000 SH CALL SOLE 800000 0 0 AK STL HLDG CORP COM 001547108 92641 2479028 SH SOLE 2479028 0 0 ALCATEL-LUCENT SPONSORED ADR 013904305 36838 2631300 SH CALL SOLE 2631300 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 29699 1428500 SH SOLE 1428500 0 0 AMAZON COM INC NOTE 4.750% 2/0 023135AF3 9169 9000000 PRN SOLE 9000000 0 0 AMDOCS LTD NOTE 0.500% 3/1 02342TAD1 516 500000 PRN SOLE 500000 0 0 ARCELOR MITTAL NY REG SH CL A 03937E101 101497 1626550 SH SOLE 1626550 0 0 ARCELOR MITTAL NY REG SH CL A 03937E101 6240 100000 SH PUT SOLE 100000 0 0 BIOMARIN PHARMACEUTICAL INC NOTE 2.500% 3/2 09061GAC5 1283 1000000 PRN SOLE 1000000 0 0 BOSTON SCIENTIFIC CORP COM 101137107 384 25000 SH CALL SOLE 25000 0 0 BOSTON SCIENTIFIC CORP COM 101137107 459 29900 SH SOLE 29900 0 0 CALPINE CORP COM 131347106 36900 10000000 SH SOLE 10000000 0 0 CALPINE CORP COM 131347106 37 10000 SH CALL SOLE 10000 0 0 CANADIAN SUPERIOR ENERGY INC COM 136644101 7843 2376743 SH SOLE 2376743 0 0 CARNIVAL CORP DBCV 1.132% 4/2 143658AV4 2950 4307000 PRN SOLE 4307000 0 0 CENTURYTEL INC DBCV 4.750% 8/0 156700AH9 9319 7500000 PRN SOLE 7500000 0 0 CHARTER COMMUNICATIONS INC D CL A 16117M107 115953 28630356 SH SOLE 28630356 0 0 COEUR D ALENE MINES CORP IDA COM 192108108 9693 2700000 SH SOLE 2700000 0 0 CROWN CASTLE INTL CORP COM 228227104 363 10000 SH SOLE 10000 0 0 CRYSTALLEX INTL CORP COM 22942F101 5093 1227200 SH SOLE 1227200 0 0 CYMER INC NOTE 3.500% 2/1 232572AE7 9169 9000000 PRN SOLE 9000000 0 0 DELPHI CORP COM 247126105 11449 4827950 SH SOLE 4827950 0 0 DIAMONDS TR UNIT SER 1 252787106 353483 2634000 SH PUT SOLE 2634000 0 0 DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 1198 1000000 PRN SOLE 1000000 0 0 EARTHLINK INC NOTE 3.250%11/1 270321AA0 2163 2000000 PRN SOLE 2000000 0 0 EMULEX CORP COM NEW 292475209 2184 100000 SH PUT SOLE 100000 0 0 ENDEAVOUR INTL CORP COM 29259G101 15677 10451600 SH SOLE 10451600 0 0 ERP OPER LTD PARTNERSHIP NOTE 3.850% 8/1 26884AAV5 797 800000 SH SOLE 800000 0 0 EVERGREEN ENERGY INC COM 30024B104 11680 1937064 SH SOLE 1937064 0 0 EXPRESSJET HOLDINGS INC NOTE 4.250% 8/0 30218UAB4 2862 2950000 PRN SOLE 2950000 0 0 FEI CO NOTE 6/1 30241LAD1 4706 3750000 PRN SOLE 3750000 0 0 FLEXTRONICS INTL LTD NOTE 1.000% 8/0 33938EAL1 5115 5500000 PRN SOLE 5500000 0 0 FLEXTRONICS INTL LTD ORD Y2573F102 54963 5089200 SH CALL SOLE 5089200 0 0 FRONTLINE LTD SHS G3682E127 390 8500 SH SOLE 8500 0 0 GLOBAL INDS LTD COM 379336100 1112 41468 SH SOLE 41468 0 0 GLOBALSANTAFE CORP SHS G3930E101 578 8000 SH SOLE 8000 0 0 GOLD RESV INC CL A 38068N108 14013 2515721 SH SOLE 2515721 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 8778 40500 SH PUT SOLE 40500 0 0 GREY WOLF INC COM 397888108 346 42000 SH SOLE 42000 0 0 INFORMATICA CORP NOTE 3.000% 3/1 45666QAB8 7808 7750000 SH SOLE 7750000 0 0 INTERNATIONAL COAL GRP INC N COM 45928H106 51474 8607722 SH SOLE 8607722 0 0 ISHARES TR RUSSELL 2000 464287655 75328 908000 SH PUT SOLE 908000 0 0 ISHARES TR DJ US REAL EST 464287739 19510 252000 SH PUT SOLE 252000 0 0 IVAX CORP NOTE 4.500% 5/1 465823AG7 711 700000 SH SOLE 700000 0 0 JAMES RIVER COAL CO COM NEW 470355207 21001 1620464 SH SOLE 1620464 0 0 JDS UNIPHASE CORP NOTE 1.000% 5/1 46612JAD3 908 1100000 PRN SOLE 1100000 0 0 JDS UNIPHASE CORP NOTE 11/1 46612JAB7 1385 1500000 SH SOLE 1500000 0 0 JETBLUE AWYS CORP NOTE 3.500% 7/1 477143AB7 1940 2000000 PRN SOLE 2000000 0 0 JP MORGAN CHASE & CO COM 46625H100 4893 101000 SH PUT SOLE 101000 0 0 KOHLS CORP COM 500255104 7103 100000 SH PUT SOLE 100000 0 0 L-1 IDENTITY SOLUTIONS INC COM 50212A106 9481 463624 SH SOLE 463624 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 2.875% 7/1 52729NBA7 2700 2480000 PRN SOLE 2480000 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 3.500% 6/1 52729NBK5 4099 3250000 PRN SOLE 3250000 0 0 LEVEL 3 COMMUNICATIONS INC COM 52729N100 139153 25167393 SH SOLE 25167393 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 6.000% 3/1 52729NAS9 5316 5545000 SH SOLE 5545000 0 0 LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 4707 3850000 PRN SOLE 3850000 0 0 LOCKHEED MARTIN CORP COM 539830109 565 6000 SH SOLE 6000 0 0 MANOR CARE INC NEW NOTE 2.125% 8/0 564055AM3 375 250000 PRN SOLE 250000 0 0 MASSEY ENERGY CORP COM 576206106 9463 355100 SH SOLE 355100 0 0 MICROTUNE INC DEL COM 59514P109 157 30000 SH SOLE 30000 0 0 MORGAN STANLEY COM NEW 617446448 26389 314600 SH PUT SOLE 314600 0 0 NABORS INDS INC NOTE 0.940% 5/1 629568AP1 975 1000000 PRN SOLE 1000000 0 0 NATIONAL COAL CORP COM NEW 632381208 13720 2800000 SH SOLE 2800000 0 0 NEXEN INC COM 65334H102 743 24000 SH SOLE 24000 0 0 NOVELL INC DBCV 0.500% 7/1 670006AC9 2910 3000000 PRN SOLE 3000000 0 0 ON SEMICONDUCTOR CORP NOTE 4/1 682189AE5 4300 3557000 PRN SOLE 3557000 0 0 PEABODY ENERGY CORP SDCV 4.750%12/1 704549AG9 792 750000 PRN SOLE 750000 0 0 PEABODY ENERGY CORP COM 704549104 968 20000 SH SOLE 20000 0 0 PETROFALCON CORP COM 716474101 3230 5214437 SH SOLE 5214437 0 0 POWERSHARES QQQ TRUST UNIT SER 1 73935A104 264180 5550000 SH PUT SOLE 5550000 0 0 PRIDE INTL INC DEL COM 74153Q102 764 20400 SH SOLE 20400 0 0 PROSHARES TR ULTRASHORT QQQ 74347R875 570 12500 SH SOLE 12500 0 0 QUANTUM CORP COM DSSG 747906204 159 50000 SH SOLE 50000 0 0 RACKABLE SYS INC COM 750077109 18470 1494330 SH SOLE 1494330 0 0 RAYTHEON CO COM NEW 755111507 323 6000 SH SOLE 6000 0 0 RED HAT INC DBCV 0.500% 1/1 756577AB8 8330 8000000 PRN SOLE 8000000 0 0 REGIONAL BK HOLDRS TR DEPOSITRY RCPT 75902E100 97907 633500 SH PUT SOLE 633500 0 0 RETAIL HOLDRS TR DEP RCPT 76127U101 94959 908000 SH PUT SOLE 908000 0 0 SANMINA SCI CORP COM 800907107 33 10466 SH SOLE 10466 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 206396 5704700 SH PUT SOLE 5704700 0 0 SOLECTRON CORP NOTE 0.500% 2/1 834182AT4 3338 3500000 PRN SOLE 3500000 0 0 SPDR TR UNIT SER 1 78462F103 534087 3550400 SH PUT SOLE 3550400 0 0 TEEKAY CORPORATION COM Y8564W103 18102 312582 SH SOLE 312582 0 0 TIME WARNER INC COM 887317105 75687 3597300 SH CALL SOLE 3597300 0 0 UNITED STATES STL CORP NEW COM 912909108 761 7000 SH SOLE 7000 0 0 VERIZON COMMUNICATIONS COM 92343V104 4117 100000 SH PUT SOLE 100000 0 0 VISHAY INTERTECHNOLOGY INC NOTE 3.625% 8/0 928298AF5 8697 8547000 PRN SOLE 8547000 0 0 VITESSE SEMICONDUCTOR CORP COM 928497106 6383 5550000 SH SOLE 5550000 0 0 WELLS FARGO & CO NEW DBCV 5/0 949746FA4 1000 1000000 SH SOLE 1000000 0 0 XM SATELLITE RADIO HLDGS INC NOTE 1.750%12/0 983759AC5 2569 3000000 PRN SOLE 3000000 0 0 ZHONE TECHNOLOGIES INC NEW COM 98950P108 1905 1327743 SH SOLE 1327743 0 0
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