13F-HR 1 wam2q10.txt 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, 2010 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: Western Asset Management Company Address: 385 E. Colorado Boulevard Pasadena, CA 91101 13F File Number: 28-10245 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: Kevin Ehrlich Title: Manager of Regulatory Affairs Phone: 626-844-9407 Signature, Place, and Date of Signing: Kevin Ehrlich Pasadena, CA August 16, 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: 1 Form13F Information Table Entry Total: 19 Form13F Information Table Value Total: $178,214 (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. No. 13F File Number Name 1 28-1700 Legg Mason, Inc. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AES TR III PFD CV 6.75% 00808N202 4408 101200 SH DEFINED 1 101200 0 0 AMERICAN TOWER CORP CL A 029912201 1 1 SH DEFINED 1 1 0 0 ANNALY CAP MGMT INC NOTE 4.000% 2/1 035710AA0 73 70000 PRN DEFINED 1 70000 0 0 ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 238 4995 SH DEFINED 1 4995 0 0 BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 65625 73612 SH DEFINED 1 73612 0 0 CITIGROUP INC UNIT 99/99/9999 172967416 28941 257800 SH DEFINED 1 257800 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 1 8 SH DEFINED 1 8 0 0 DEX ONE CORP COM 25212W100 5380 283141 SH DEFINED 1 283141 0 0 E TRADE FINANCIAL CORP NOTE 8/3 269246AZ7 241 210000 PRN DEFINED 1 210000 0 0 GEORGIA GULF CORP COM PAR$0.01 NEW 373200302 22648 1697713 SH DEFINED 1 1697713 0 0 HORIZON LINES INC NOTE 4.250% 8/1 44044KAB7 40430 47786000 PRN DEFINED 1 47786000 0 0 ISHARES TR S&P SH NTL AMTFR 464288158 53 500 SH DEFINED 1 0 0 500 LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 1045 2000000 PRN DEFINED 1 2000000 0 0 LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 5104 10225000 PRN DEFINED 1 10225000 0 0 MAXCOM TELECOMUNICACIONES SA ADR REP PR CTF 57773A508 49 13302 SH DEFINED 1 13302 0 0 PNM RES INC COM 69349H107 2 210 SH DEFINED 1 210 0 0 PORTLAND GEN ELEC CO COM NEW 736508847 4 231 SH DEFINED 1 231 0 0 RRI ENERGY INC COM 74971X107 19 5015 SH DEFINED 1 5015 0 0 SUPERMEDIA INC COM 868447103 3952 216024 SH DEFINED 1 216024 0 0