13F-HR 1 a2181100z13f-hr.txt FORM 13F-HR -------------------------------- OMB APPROVAL -------------------------------- OMB Number: 3235-0006 Expires: October 31, 2000 Estimated average burden hours per response..........24.7 -------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 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: David M. Knott ------------------------------- Address: 485 Underhill Boulevard ------------------------------- Suite 205 ------------------------------- Syosset, NY 11791 ------------------------------- Form 13F File Number: 28-03121 --------------------- 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: David M. Knott ------------------------------- Title: Investment Manager ------------------------------- Phone: (516) 364-0303 ------------------------------- Signature, Place, and Date of Signing: /s/ David M. Knott Syosset, New York November 12, 2007 ------------------------------- ----------------- ----------------- [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 -------------------- Form 13F Information Table Entry Total: 424 -------------------- Form 13F Information Table Value Total: $2,766,289 -------------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name 28- Dorset Management Corporation ("Dorset") ------ ----------------- ----------------------------------------
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- Aldabra 2 Acquisition Corp. Common 01408A103 11,056,489 1,203,100 SH DEFINED Dorset 1,203,100 Aldabra 2 Acquisition Corp. Common 01408A103 512,802 55,800 SH DEFINED Dorset 55,800 Aldabra 2 Acquisition Corp. Common 01408A103 110,280 12,000 SH DEFINED Dorset 12,000 Allied Capital Corporation Common 01903Q108 734,750 25,000 SH OTHER Dorset 25,000 Alpha Security Group Corporation Common 02078A209 5,751,306 562,200 SH DEFINED Dorset 562,200 Alpha Security Group Corporation Common 02078A209 313,038 30,600 SH DEFINED Dorset 30,600 Alpha Security Group Corporation Common 02078A209 73,656 7,200 SH DEFINED Dorset 7,200 Alphatec Holdings, Inc. Common 02081G102 3,553,843 1,033,094 SH DEFINED Dorset 1,033,094 Alphatec Holdings, Inc. Common 02081G102 164,535 47,830 SH DEFINED Dorset 47,830 Alphatec Holdings, Inc. Common 02081G102 35,845 10,420 SH DEFINED Dorset 10,420 American Eagle Outfitters, Inc. Common 02553E106 18,011,826 684,600 SH DEFINED Dorset 684,600 American Eagle Outfitters, Inc. Common 02553E106 828,765 31,500 SH DEFINED Dorset 31,500 American Eagle Outfitters, Inc. Common 02553E106 181,539 6,900 SH DEFINED Dorset 6,900 American Express Common 025816109 3,532,515 59,500 SH OTHER Dorset 59,500 American Express @ 50 1/09 Common 0250019AJ 2,043,050 1,409 SH Call OTHER Dorset 1,409 American Express @ 47.5 Exp 1/08 Common 9EQ1NG003 2,144,000 1,675 SH Call DEFINED Dorset 1,675 American Express @ 47.5 Exp 1/08 Common 9EQ1NG003 97,280 76 SH Call DEFINED Dorset 76 American Express @ 47.5 Exp 1/08 Common 9EQ1NG003 29,440 23 SH Call DEFINED Dorset 23 American International Group Inc. Common 026874107 879,450 13,000 SH SOLE 13,000 American International Group Inc. Common 026874107 209,715 3,100 SH OTHER 3,100 American International Group Inc. Common 026874107 173,203,889 2,560,294 SH DEFINED Dorset 2,560,294 American International Group Inc. Common 026874107 11,250,195 166,300 SH DEFINED Dorset 166,300 American International Group Inc. Common 026874107 1,738,605 25,700 SH DEFINED Dorset 25,700 Anadarko Petroleum Corporation Common 032511107 591,250 11,000 SH SOLE 11,000 Anadarko Petroleum Corporation Common 032511107 193,500 3,600 SH OTHER 3,600 Anadarko Petroleum Corporation Common 032511107 118,809,000 2,210,400 SH DEFINED Dorset 2,210,400 Anadarko Petroleum Corporation Common 032511107 88,547,750 1,647,400 SH DEFINED Dorset 1,647,400 Anadarko Petroleum Corporation Common 032511107 1,193,250 22,200 SH DEFINED Dorset 22,200 Arcade Acquisition Corporation Common 038798203 600,000 75,000 SH OTHER Dorset 75,000 Arcade Acquisition Corporation Common 038798203 2,266,400 283,300 SH DEFINED Dorset 283,300 Arcade Acquisition Corporation Common 038798203 102,400 12,800 SH DEFINED Dorset 12,800 Arcade Acquisition Corporation Common 038798203 31,200 3,900 SH DEFINED Dorset 3,900 Aristotle Corp. Common 040448201 41,304 3,380 SH DEFINED Dorset 3,380 Ascend Acquisition Corportation Common 04350H100 730,983 130,300 SH OTHER Dorset 130,300 Ascend Acquisition Corportation Common 04350H100 1,628,583 290,300 SH DEFINED Dorset 290,300 Ascend Acquisition Corportation Common 04350H100 162,690 29,000 SH DEFINED Dorset 29,000 Ascend Acquisition Corportation Common 04350H100 10,659 1,900 SH DEFINED Dorset 1,900 Asia Automotive Acquisition Corporation Common 04519K101 647,700 85,000 SH OTHER Dorset 85,000 Asia Automotive Acquisition Corporation Common 04519K101 609,600 80,000 SH DEFINED Dorset 80,000 Asia Automotive Acquisition Corporation Common 04519K101 30,480 4,000 SH DEFINED Dorset 4,000 Asia Automotive Acquisition Corporation Common 04519K101 7,620 1,000 SH DEFINED Dorset 1,000 Aveta, Inc. Common 05365U101 2,698,954 554,200 SH DEFINED Dorset 554,200 Aveta, Inc. Common 05365U101 114,932 23,600 SH DEFINED Dorset 23,600
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- Aveta, Inc. Common 05365U101 34,090 7,000 SH DEFINED Dorset 7,000 Baker Hughes Incorporated Common 057224107 75,007,100 830,000 SH DEFINED Dorset 830,000 Bank of America Corporation Common 060505104 563,024 11,200 SH SOLE 11,200 Bank of America Corporation Common 060505104 150,810 3,000 SH OTHER 3,000 Bank of America Corporation Common 060505104 90,928,376 1,808,800 SH DEFINED Dorset 1,808,800 Bank of America Corporation Common 060505104 7,455,041 148,300 SH DEFINED Dorset 148,300 Bank of America Corporation Common 060505104 914,914 18,200 SH DEFINED Dorset 18,200 Beazer Homes USA, Inc. Common 07556Q105 769,725 93,300 SH DEFINED Dorset 93,300 Beazer Homes USA, Inc. Common 07556Q105 45,375 5,500 SH DEFINED Dorset 5,500 Beazer Homes USA, Inc. Common 07556Q105 9,900 1,200 SH DEFINED Dorset 1,200 Beazer Homes USA, Inc. Common 07556Q105 371,250 45,000 SH OTHER Dorset 45,000 Blockbuster Inc.- Class B Common 093679207 10,016,705 2,065,300 SH DEFINED Dorset 2,065,300 Blockbuster Inc.- Class B Common 093679207 703,250 145,000 SH DEFINED Dorset 145,000 Blockbuster Inc.- Class B Common 093679207 91,180 18,800 SH DEFINED Dorset 18,800 Blockbuster, Inc. Common 093679108 20,651,409 3,845,700 SH DEFINED Dorset 3,845,700 Blockbuster, Inc. Common 093679108 1,345,185 250,500 SH DEFINED Dorset 250,500 Blockbuster, Inc. Common 093679108 218,559 40,700 SH DEFINED Dorset 40,700 Bristow Group, Inc. Common 110394103 13,746,795 314,500 SH DEFINED Dorset 314,500 Bristow Group, Inc. Common 110394103 673,134 15,400 SH DEFINED Dorset 15,400 Bristow Group, Inc. Common 110394103 139,872 3,200 SH DEFINED Dorset 3,200 Butler International, Inc. Common 123649105 820,590 965,400 SH DEFINED Dorset 965,400 Butler International, Inc. Common 123649105 67,065 78,900 SH DEFINED Dorset 78,900 Butler International, Inc. Common 123649105 6,375 7,500 SH DEFINED Dorset 7,500 Cabot Oil & Gas Corporation Common 127097103 13,360,800 380,000 SH DEFINED Dorset 380,000 Callidus Software Common 13123E500 15,277,212 1,776,420 SH DEFINED Dorset 1,776,420 Callidus Software Common 13123E500 715,262 83,170 SH DEFINED Dorset 83,170 Callidus Software Common 13123E500 153,940 17,900 SH DEFINED Dorset 17,900 Canadian Natural Resources Ltd. Common 136385101 1,095,291 14,400 SH SOLE 14,400 Canadian Natural Resources Ltd. Common 136385101 395,522 5,200 SH OTHER 5,200 Canadian Natural Resources Ltd. Common 136385101 232,515,473 3,060,300 SH DEFINED Dorset 3,060,300 Canadian Natural Resources Ltd. Common 136385101 87,742,434 1,154,840 SH DEFINED Dorset 1,154,840 Canadian Natural Resources Ltd. Common 136385101 2,332,525 30,700 SH DEFINED Dorset 30,700 Capitol One Common 14040H105 119,707 1,802 SH SOLE 1,802 Centex Corporation Common 152312104 27,014,250 1,016,720 SH DEFINED Dorset 1,016,720 Centex Corporation Common 152312104 1,107,969 41,700 SH DEFINED Dorset 41,700 Centex Corporation Common 152312104 196,618 7,400 SH DEFINED Dorset 7,400 Cenveo Inc. Common 15670S105 10,875,564 502,800 SH DEFINED Dorset 502,800 Cenveo Inc. Common 15670S105 501,816 23,200 SH DEFINED Dorset 23,200 Cenveo Inc. Common 15670S105 108,150 5,000 SH DEFINED Dorset 5,000 Cepheid, Inc. Common 15670R107 26,785,691 1,174,811 SH DEFINED Dorset 1,174,811 Cepheid, Inc. Common 15670R107 1,215,240 53,300 SH DEFINED Dorset 53,300 Cepheid, Inc. Common 15670R107 262,200 11,500 SH DEFINED Dorset 11,500 Cerus Corporation Common 157085101 18,234,875 2,088,760 SH DEFINED Dorset 2,088,760
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- Cerus Corporation Common 157085101 842,445 96,500 SH DEFINED Dorset 96,500 Cerus Corporation Common 157085101 183,330 21,000 SH DEFINED Dorset 21,000 Charlotte Russe Holdings Inc Common 161048103 2,928,000 200,000 SH OTHER Dorset 200,000 Chevron Corporation Common 166764100 74,864,000 800,000 SH DEFINED Dorset 800,000 China Discovery Aquisition Corp Common G2112B125 343,000 49,000 SH OTHER Dorset 49,000 China Discovery Aquisition Corp Common G2112B125 1,299,900 185,700 SH DEFINED Dorset 185,700 China Discovery Aquisition Corp Common G2112B125 58,800 8,400 SH DEFINED Dorset 8,400 China Discovery Aquisition Corp Common G2112B125 13,300 1,900 SH DEFINED Dorset 1,900 China Fortune Acquisition Corp. Common G21098127 1,002,000 120,000 SH OTHER Dorset 120,000 China Fortune Acquisition Corp. Common G21098127 3,798,415 454,900 SH DEFINED Dorset 454,900 China Fortune Acquisition Corp. Common G21098127 172,010 20,600 SH DEFINED Dorset 20,600 China Fortune Acquisition Corp. Common G21098127 37,575 4,500 SH DEFINED Dorset 4,500 China Opportunity Acquisition Corp. Common 16941S205 710,000 100,000 SH OTHER Dorset 100,000 China Opportunity Acquisition Corp. Common 16941S205 2,691,610 379,100 SH DEFINED Dorset 379,100 China Opportunity Acquisition Corp. Common 16941S205 114,310 16,100 SH DEFINED Dorset 16,100 China Opportunity Acquisition Corp. Common 16941S205 34,080 4,800 SH DEFINED Dorset 4,800 Chinagrowth North Acquisition Common G21116127 134,100 134,100 SH Call DEFINED Dorset 134,100 Chinagrowth North Acquisition Common G21116127 5,700 5,700 SH Call DEFINED Dorset 5,700 Chinagrowth North Acquisition Common G21116127 1,700 1,700 SH Call DEFINED Dorset 1,700 Chinagrowth North Acquisition Common G21116127 38,500 38,500 SH Call OTHER Dorset 38,500 Chinagrowth North Acquisition Common G21116119 732,000 100,000 SH OTHER Dorset 100,000 Chinagrowth North Acquisition Common G21116119 2,747,928 375,400 SH DEFINED Dorset 375,400 Chinagrowth North Acquisition Common G21116119 145,668 19,900 SH DEFINED Dorset 19,900 Chinagrowth North Acquisition Common G21116119 34,404 4,700 SH DEFINED Dorset 4,700 Chinagrowth South Acquisition Common G21117117 62,832 74,800 SH Call DEFINED Dorset 74,800 Chinagrowth South Acquisition Common G21117117 2,688 3,200 SH Call DEFINED Dorset 3,200 Chinagrowth South Acquisition Common G21117117 840 1,000 SH Call DEFINED Dorset 1,000 Chinagrowth South Acquisition Common G21117117 17,640 21,000 SH Call OTHER Dorset 21,000 Chinagrowth South Acquisition Common G21117109 732,000 100,000 SH OTHER Dorset 100,000 Chinagrowth South Acquisition Common G21117109 2,747,928 375,400 SH DEFINED Dorset 375,400 Chinagrowth South Acquisition Common G21117109 145,668 19,900 SH DEFINED Dorset 19,900 Chinagrowth South Acquisition Common G21117109 34,404 4,700 SH DEFINED Dorset 4,700 Citi Trends Inc. Common 17306X102 4,565,248 209,800 SH DEFINED Dorset 209,800 Citi Trends Inc. Common 17306X102 230,656 10,600 SH DEFINED Dorset 10,600 Citi Trends Inc. Common 17306X102 56,576 2,600 SH DEFINED Dorset 2,600 Citigroup Inc. Common 172967101 1,194,752 25,600 SH SOLE 25,600 Citigroup Inc. Common 172967101 308,022 6,600 SH OTHER 6,600 Citigroup Inc. Common 172967101 106,490,673 2,281,780 SH DEFINED Dorset 2,281,780 Citigroup Inc. Common 172967101 6,963,164 149,200 SH DEFINED Dorset 149,200 Citigroup Inc. Common 172967101 1,073,410 23,000 SH DEFINED Dorset 23,000 Citizens Community Bancorp Inc. Common 174903104 141,750 15,000 SH SOLE 15,000 Citizens Community Bancorp Inc. Common 174903104 472,500 50,000 SH DEFINED Dorset 50,000 Citizens Community Bancorp Inc. Common 174903104 94,500 10,000 SH OTHER 10,000
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- Cleco Corporation Common 12561W105 4,801,300 190,000 SH DEFINED Dorset 190,000 Columbia Laboratories Inc. Common 197779101 1,554 600 SH OTHER 600 Columbia Laboratories Inc. Common 197779101 7,866,071 3,037,093 SH DEFINED Dorset 3,037,093 Columbia Laboratories Inc. Common 197779101 362,600 140,000 SH DEFINED Dorset 140,000 Copart, Inc. Common 217204106 8,422,111 244,900 SH DEFINED Dorset 244,900 Copart, Inc. Common 217204106 392,046 11,400 SH DEFINED Dorset 11,400 Copart, Inc. Common 217204106 85,975 2,500 SH DEFINED Dorset 2,500 Corgi International Ltd. Common 21872Q202 4,292,116 975,481 SH DEFINED Dorset 975,481 Corgi International Ltd. Common 21872Q202 213,840 48,600 SH DEFINED Dorset 48,600 Corgi International Ltd. Common 21872Q202 47,370 10,766 SH DEFINED Dorset 10,766 Countrywide Financial Corp. @ 15 10/08 Common 222372954 35,535 2,369 SH Put DEFINED Dorset 2,369 Countrywide Financial Corp. @ 15 10/08 Common 222372954 1,620 108 SH Put DEFINED Dorset 108 Countrywide Financial Corp. @ 15 10/08 Common 222372954 345 23 SH Put DEFINED Dorset 23 Countrywide Financial Corp. Common 222372104 1,153,907 60,700 SH DEFINED Dorset 60,700 Countrywide Financial Corp. Common 222372104 55,129 2,900 SH DEFINED Dorset 2,900 Countrywide Financial Corp. Common 222372104 38,020 2,000 SH DEFINED Dorset 2,000 Crucell NV Common 228769105 32,999,593 1,602,700 SH DEFINED Dorset 1,602,700 Crucell NV Common 228769105 1,832,510 89,000 SH DEFINED Dorset 89,000 Crucell NV Common 228769105 331,499 16,100 SH DEFINED Dorset 16,100 CVS Corporation Common 126650100 27,072,553 683,133 SH DEFINED Dorset 683,133 CVS Corporation Common 126650100 1,313,972 33,156 SH DEFINED Dorset 33,156 CVS Corporation Common 126650100 272,932 6,887 SH DEFINED Dorset 6,887 D.R. Horton, Inc. Common 23331A109 43,490,795 3,395,066 SH DEFINED Dorset 3,395,066 D.R. Horton, Inc. Common 23331A109 1,420,628 110,900 SH DEFINED Dorset 110,900 D.R. Horton, Inc. Common 23331A109 117,852 9,200 SH DEFINED Dorset 9,200 Devon Energy Corp. Common 25179M103 39,936,000 480,000 SH DEFINED Dorset 480,000 Discover Financial Services Common 254709108 3,120,000 150,000 SH OTHER Dorset 150,000 Dyadic International Inc. Common 26745T101 4,538,284 1,070,350 SH DEFINED Dorset 1,070,350 Dyadic International Inc. Common 26745T101 243,164 57,350 SH DEFINED Dorset 57,350 Dyadic International Inc. Common 26745T101 57,452 13,550 SH DEFINED Dorset 13,550 Eagle Materials Common 26969P108 8,149 228 SH OTHER 228 Echo Healthcare Acquisition Corp. Common 27876C206 5,103,875 583,300 SH DEFINED Dorset 583,300 Echo Healthcare Acquisition Corp. Common 27876C206 225,750 25,800 SH DEFINED Dorset 25,800 Echo Healthcare Acquisition Corp. Common 27876C206 51,625 5,900 SH DEFINED Dorset 5,900 EnCana Corp. Common 292505104 37,413,200 605,000 SH DEFINED Dorset 605,000 Encore Acquisition Company Common 29255W100 25,320,000 800,000 SH DEFINED Dorset 800,000 First Keystone Financial, Inc. Common 320655103 733,841 55,176 SH DEFINED Dorset 55,176 First Keystone Financial, Inc. Common 320655103 38,570 2,900 SH DEFINED Dorset 2,900 First Keystone Financial, Inc. Common 320655103 6,650 500 SH DEFINED Dorset 500 FirstFed Financial Corp. Common 337907109 54,505 1,100 SH SOLE 1,100 FirstFed Financial Corp. Common 337907109 59,460 1,200 SH OTHER 1,200 FirstFed Financial Corp. Common 337907109 20,632,620 416,400 SH DEFINED Dorset 416,400 FirstFed Financial Corp. Common 337907109 1,962,180 39,600 SH DEFINED Dorset 39,600
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- FirstFed Financial Corp. Common 337907109 208,110 4,200 SH DEFINED Dorset 4,200 FMC Technologies, Inc. Common 302490101 40,362,000 700,000 SH DEFINED Dorset 700,000 Footstar, Inc. Common 344912209 591,560 128,600 SH DEFINED Dorset 128,600 Footstar, Inc. Common 344912209 13,340 2,900 SH DEFINED Dorset 2,900 Force Protection, Inc. Common 345203202 13,243,357 611,420 SH DEFINED Dorset 611,420 Force Protection, Inc. Common 345203202 612,978 28,300 SH DEFINED Dorset 28,300 Force Protection, Inc. Common 345203202 138,624 6,400 SH DEFINED Dorset 6,400 GAINSCO, Inc. Common 363127200 2,999,977 599,995 SH DEFINED Dorset 599,995 GAINSCO, Inc. Common 363127200 138,322 27,664 SH DEFINED Dorset 27,664 GAINSCO, Inc. Common 363127200 30,670 6,134 SH DEFINED Dorset 6,134 General Finance Corporation Common 369822119 31,240 14,200 SH Call DEFINED Dorset 14,200 General Finance Corporation Common 369822119 1,540 700 SH Call DEFINED Dorset 700 General Finance Corporation Common 369822119 220 100 SH Call DEFINED Dorset 100 Geneva Acquisition Corp. Common 37185Y104 1,028,600 185,000 SH OTHER Dorset 185,000 Geneva Acquisition Corp. Common 37185Y104 3,855,304 693,400 SH DEFINED Dorset 693,400 Geneva Acquisition Corp. Common 37185Y104 209,612 37,700 SH DEFINED Dorset 37,700 Geneva Acquisition Corp. Common 37185Y104 49,484 8,900 SH DEFINED Dorset 8,900 Genzyme Corporation Common 372917104 549,275 8,865 SH OTHER Dorset 8,865 Genzyme Corporation Common 372917104 7,488,766 120,865 SH DEFINED Dorset 120,865 Genzyme Corporation Common 372917104 1,308,923 21,125 SH DEFINED Dorset 21,125 Global Logistics Acquisition Corporation Common 379414113 468,600 624,800 SH Call DEFINED Dorset 624,800 Global Logistics Acquisition Corporation Common 379414113 19,500 26,000 SH Call DEFINED Dorset 26,000 Global Logistics Acquisition Corporation Common 379414113 4,200 5,600 SH Call DEFINED Dorset 5,600 Global Logistics Acquisition Corporation Common 379414105 775,000 100,000 SH OTHER Dorset 100,000 Global Logistics Acquisition Corporation Common 379414105 4,884,825 630,300 SH DEFINED Dorset 630,300 Global Logistics Acquisition Corporation Common 379414105 205,375 26,500 SH DEFINED Dorset 26,500 Global Logistics Acquisition Corporation Common 379414105 43,400 5,600 SH DEFINED Dorset 5,600 Global Services Partners Aquisition Corp Common 37946Y302 270,400 26,000 SH OTHER Dorset 26,000 Global Services Partners Aquisition Corp Common 37946Y302 1,015,040 97,600 SH DEFINED Dorset 97,600 Global Services Partners Aquisition Corp Common 37946Y302 54,080 5,200 SH DEFINED Dorset 5,200 Global Services Partners Aquisition Corp Common 37946Y302 12,480 1,200 SH DEFINED Dorset 1,200 Goldleaf Financial Solutions, Inc. Common 38144H208 1,570,660 483,280 SH DEFINED Dorset 483,280 Goldleaf Financial Solutions, Inc. Common 38144H208 72,969 22,452 SH DEFINED Dorset 22,452 Goldleaf Financial Solutions, Inc. Common 38144H208 15,795 4,860 SH DEFINED Dorset 4,860 Halliburton Company Common 406216101 38,400,000 1,000,000 SH DEFINED Dorset 1,000,000 Harbor Acquisition Corporation Common 41145X107 830,329 148,273 SH OTHER Dorset 148,273 Harbor Acquisition Corporation Common 41145X107 2,981,440 532,400 SH DEFINED Dorset 532,400 Harbor Acquisition Corporation Common 41145X107 141,120 25,200 SH DEFINED Dorset 25,200 Harbor Acquisition Corporation Common 41145X107 24,640 4,400 SH DEFINED Dorset 4,400 Hyde Park Acqusition Corp. Common 448638205 478,500 55,000 SH OTHER Dorset 55,000 Hyde Park Acqusition Corp. Common 448638205 14,387,190 1,653,700 SH DEFINED Dorset 1,653,700 Hyde Park Acqusition Corp. Common 448638205 611,610 70,300 SH DEFINED Dorset 70,300 Hyde Park Acqusition Corp. Common 448638205 182,700 21,000 SH DEFINED Dorset 21,000
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- India Globalization Capital, Inc. Common 45408X100 52,650 9,000 SH OTHER Dorset 9,000 India Globalization Capital, Inc. Common 45408X100 198,315 33,900 SH DEFINED Dorset 33,900 India Globalization Capital, Inc. Common 45408X100 9,945 1,700 SH DEFINED Dorset 1,700 India Globalization Capital, Inc. Common 45408X100 2,340 400 SH DEFINED Dorset 400 IndyMac Bancorp, Inc. Common 456607100 6,750,099 285,900 SH DEFINED Dorset 285,900 IndyMac Bancorp, Inc. Common 456607100 493,449 20,900 SH DEFINED Dorset 20,900 IndyMac Bancorp, Inc. Common 456607100 144,021 6,100 SH DEFINED Dorset 6,100 Information Service Group, Inc. Common 45675Y104 1,920,150 251,000 SH OTHER Dorset 251,000 Information Service Group, Inc. Common 45675Y104 7,207,830 942,200 SH DEFINED Dorset 942,200 Information Service Group, Inc. Common 45675Y104 382,500 50,000 SH DEFINED Dorset 50,000 Information Service Group, Inc. Common 45675Y104 90,270 11,800 SH DEFINED Dorset 11,800 InterOil Corporation Common 460951106 3,269,020 103,450 SH DEFINED Dorset 103,450 InterOil Corporation Common 460951106 225,940 7,150 SH DEFINED Dorset 7,150 InterOil Corporation Common 460951106 56,880 1,800 SH DEFINED Dorset 1,800 Interstate Bakeries Corporation Common 46072H108 16,241 36,911 SH OTHER Dorset 36,911 Interstate Bakeries Corporation Common 46072H108 183,851 417,844 SH DEFINED Dorset 417,844 Interstate Bakeries Corporation Common 46072H108 8,492 19,300 SH DEFINED Dorset 19,300 Interstate Bakeries Corporation Common 46072H108 1,848 4,200 SH DEFINED Dorset 4,200 Israel Growth Partners Acquistion Corp. Common 465090207 120,480 24,000 SH OTHER Dorset 24,000 Israel Growth Partners Acquistion Corp. Common 465090207 451,096 90,400 SH DEFINED Dorset 90,400 Israel Growth Partners Acquistion Corp. Common 465090207 22,954 4,600 SH DEFINED Dorset 4,600 Israel Growth Partners Acquistion Corp. Common 465090207 4,990 1,000 SH DEFINED Dorset 1,000 Jaguar Acquistion Corporation Common 470084104 292,550 49,168 SH OTHER Dorset 49,168 Jaguar Acquistion Corporation Common 470084104 1,108,485 186,300 SH DEFINED Dorset 186,300 Jaguar Acquistion Corporation Common 470084104 52,788 8,872 SH DEFINED Dorset 8,872 Jaguar Acquistion Corporation Common 470084104 8,925 1,500 SH DEFINED Dorset 1,500 JK Acquisition Corp. Common 47759H106 782,032 132,100 SH OTHER Dorset 132,100 JK Acquisition Corp. Common 47759H106 3,323,488 561,400 SH DEFINED Dorset 561,400 JK Acquisition Corp. Common 47759H106 165,760 28,000 SH DEFINED Dorset 28,000 JK Acquisition Corp. Common 47759H106 39,072 6,600 SH DEFINED Dorset 6,600 K-Swiss Inc. Common 482686102 593,368 25,900 SH OTHER Dorset 25,900 Ligand Pharmaceuticals Incorporated Common 53220K207 1,824,059 341,584 SH OTHER Dorset 341,584 Ligand Pharmaceuticals Incorporated Common 53220K207 41,186,647 7,712,855 SH DEFINED Dorset 7,712,855 Ligand Pharmaceuticals Incorporated Common 53220K207 2,262,489 423,687 SH DEFINED Dorset 423,687 Ligand Pharmaceuticals Incorporated Common 53220K207 560,332 104,931 SH DEFINED Dorset 104,931 Magna Entertainment Corp. Common 559211107 7,352,448 3,238,964 SH DEFINED Dorset 3,238,964 Magna Entertainment Corp. Common 559211107 318,254 140,200 SH DEFINED Dorset 140,200 Marathon Acquisition Corp. Common 565756103 5,917,500 750,000 SH OTHER Dorset 750,000 Marathon Acquisition Corp. Common 565756103 14,773,236 1,872,400 SH DEFINED Dorset 1,872,400 Marathon Acquisition Corp. Common 565756103 673,806 85,400 SH DEFINED Dorset 85,400 Marathon Acquisition Corp. Common 565756103 135,708 17,200 SH DEFINED Dorset 17,200 MFA Mortgage Investments Inc. Common 55272X102 2,772,420 344,400 SH DEFINED Dorset 344,400 MFA Mortgage Investments Inc. Common 55272X102 127,995 15,900 SH DEFINED Dorset 15,900
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- MFA Mortgage Investments Inc. Common 55272X102 28,175 3,500 SH DEFINED Dorset 3,500 Microsoft Corporation Common 594918104 45,851,544 1,556,400 SH DEFINED Dorset 1,556,400 Microsoft Corporation Common 594918104 2,141,742 72,700 SH DEFINED Dorset 72,700 Microsoft Corporation Common 594918104 462,522 15,700 SH DEFINED Dorset 15,700 Middle Kingdom Alliance Corporation Common 595750308 270,600 32,800 SH OTHER Dorset 32,800 Middle Kingdom Alliance Corporation Common 595750308 1,015,575 123,100 SH DEFINED Dorset 123,100 Middle Kingdom Alliance Corporation Common 595750308 54,450 6,600 SH DEFINED Dorset 6,600 Middle Kingdom Alliance Corporation Common 595750308 12,375 1,500 SH DEFINED Dorset 1,500 Murphy Oil Corporation Common 626717102 60,454,850 865,000 SH DEFINED Dorset 865,000 Nabi Common 629519109 22,364,916 5,508,600 SH DEFINED Dorset 5,508,600 Nabi Common 629519109 948,822 233,700 SH DEFINED Dorset 233,700 Nabi Common 629519109 284,200 70,000 SH DEFINED Dorset 70,000 National-Oilwell Varco Inc. Common 637071101 27,512,800 190,400 SH DEFINED Dorset 190,400 Natixis Common F23625100 2,044,535 92,200 SH DEFINED Dorset 92,200 Natixis Common F23625100 95,352 4,300 SH DEFINED Dorset 4,300 Natixis Common F23625100 19,957 900 SH DEFINED Dorset 900 Neurobiological Technologies, Inc. Common 64124W106 575,098 166,213 SH DEFINED Dorset 166,213 Neurobiological Technologies, Inc. Common 64124W106 26,494 7,657 SH DEFINED Dorset 7,657 Neurobiological Technologies, Inc. Common 64124W106 5,388 1,557 SH DEFINED Dorset 1,557 Neurometrix Inc. Common 641255104 1,917,108 219,600 SH DEFINED Dorset 219,600 Neurometrix Inc. Common 641255104 109,998 12,600 SH DEFINED Dorset 12,600 Neurometrix Inc. Common 641255104 24,444 2,800 SH DEFINED Dorset 2,800 News Corporation Common 65248E104 206,706 9,400 SH SOLE 9,400 News Corporation Common 65248E104 4,108,655 186,842 SH OTHER Dorset 186,842 News Corporation Common 65248E104 48,386,796 2,200,400 SH DEFINED Dorset 2,200,400 News Corporation Common 65248E104 2,236,383 101,700 SH DEFINED Dorset 101,700 News Corporation Common 65248E104 485,979 22,100 SH DEFINED Dorset 22,100 Noble Corporation Common G65422100 35,561,250 725,000 SH DEFINED Dorset 725,000 North American Insurance Leaders, Inc. Common 65687M104 423,505 55,000 SH OTHER Dorset 55,000 North American Insurance Leaders, Inc. Common 65687M104 1,595,461 207,200 SH DEFINED Dorset 207,200 North American Insurance Leaders, Inc. Common 65687M104 80,081 10,400 SH DEFINED Dorset 10,400 North American Insurance Leaders, Inc. Common 65687M104 18,480 2,400 SH DEFINED Dorset 2,400 Opko Health, Inc. (eXegenics) Common 68375N103 2,130,292 527,300 SH DEFINED Dorset 527,300 Opko Health, Inc. (eXegenics) Common 68375N103 102,616 25,400 SH DEFINED Dorset 25,400 Opko Health, Inc. (eXegenics) Common 68375N103 21,412 5,300 SH DEFINED Dorset 5,300 Oracle Healthcare Acquisition Corp. Common 68402M102 819,496 105,878 SH DEFINED Dorset 105,878 Oracle Healthcare Acquisition Corp. Common 68402M102 40,248 5,200 SH DEFINED Dorset 5,200 Oracle Healthcare Acquisition Corp. Common 68402M102 9,288 1,200 SH DEFINED Dorset 1,200 Pantheon China Acquisition Corporation Common 698659117 54,000 90,000 SH Call DEFINED Dorset 90,000 Pantheon China Acquisition Corporation Common 698659117 2,460 4,100 SH Call DEFINED Dorset 4,100 Pantheon China Acquisition Corporation Common 698659117 720 1,200 SH Call DEFINED Dorset 1,200 Pantheon China Acquisition Corporation Common 698659117 2,820 4,700 SH Call OTHER Dorset 4,700 Pantheon China Acquisition Corporation Common 698659109 330,000 60,000 SH OTHER Dorset 60,000
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- Pantheon China Acquisition Corporation Common 698659109 1,239,150 225,300 SH DEFINED Dorset 225,300 Pantheon China Acquisition Corporation Common 698659109 65,450 11,900 SH DEFINED Dorset 11,900 Pantheon China Acquisition Corporation Common 698659109 15,400 2,800 SH DEFINED Dorset 2,800 Par Pharmaceutical Cos. Inc. Common 69888P106 18,547,008 999,300 SH DEFINED Dorset 999,300 Par Pharmaceutical Cos. Inc. Common 69888P106 857,472 46,200 SH DEFINED Dorset 46,200 Par Pharmaceutical Cos. Inc. Common 69888P106 187,456 10,100 SH DEFINED Dorset 10,100 Paramount Aquisition Corp Common 69917T103 1,439,880 253,500 SH DEFINED Dorset 253,500 Paramount Aquisition Corp Common 69917T103 76,112 13,400 SH DEFINED Dorset 13,400 Paramount Aquisition Corp Common 69917T103 17,608 3,100 SH DEFINED Dorset 3,100 Penwest Pharmaceuticals Co. Common 709754105 4,900,551 445,100 SH DEFINED Dorset 445,100 Penwest Pharmaceuticals Co. Common 709754105 226,806 20,600 SH DEFINED Dorset 20,600 Penwest Pharmaceuticals Co. Common 709754105 49,545 4,500 SH DEFINED Dorset 4,500 Petroleo Brasileiro SA Common 71654V408 875,800 11,600 SH SOLE 11,600 Petroleo Brasileiro SA Common 71654V408 60,400 800 SH DEFINED 800 Petroleo Brasileiro SA Common 71654V408 57,123,300 756,600 SH DEFINED Dorset 756,600 Petroleo Brasileiro SA Common 71654V408 72,842,400 964,800 SH DEFINED Dorset 964,800 Petroleo Brasileiro SA Common 71654V408 611,550 8,100 SH DEFINED Dorset 8,100 Pfizer Inc. Common 717081103 7,988 327 SH SOLE 327 Pfizer Inc. Common 717081103 46,417 1,900 SH DEFINED 1,900 Pharmion Corp. Common 71715B409 19,415,712 420,800 SH DEFINED Dorset 420,800 Pharmion Corp. Common 71715B409 895,116 19,400 SH DEFINED Dorset 19,400 Pharmion Corp. Common 71715B409 193,788 4,200 SH DEFINED Dorset 4,200 Presstek, Inc. Common 741113104 7,452,647 1,188,620 SH DEFINED Dorset 1,188,620 Presstek, Inc. Common 741113104 344,223 54,900 SH DEFINED Dorset 54,900 Presstek, Inc. Common 741113104 74,613 11,900 SH DEFINED Dorset 11,900 Pure Cycle Corporation Common 746228303 2,348,746 266,600 SH DEFINED Dorset 266,600 Pure Cycle Corporation Common 746228303 118,054 13,400 SH DEFINED Dorset 13,400 Pure Cycle Corporation Common 746228303 27,311 3,100 SH DEFINED Dorset 3,100 QuadraMed Corporation Common 74730W101 11,696,860 4,075,561 SH DEFINED Dorset 4,075,561 QuadraMed Corporation Common 74730W101 666,701 232,300 SH DEFINED Dorset 232,300 QuadraMed Corporation Common 74730W101 151,565 52,810 SH DEFINED Dorset 52,810 Quilmes Industrial Sa ADR Common 74838Y207 656,526 9,800 SH OTHER Dorset 9,800 Rand Logistics, Inc. Common 752182105 13,768,390 2,544,989 SH DEFINED Dorset 2,544,989 Rand Logistics, Inc. Common 752182105 865,600 160,000 SH DEFINED Dorset 160,000 Rand Logistics, Inc. Common 752182105 153,644 28,400 SH DEFINED Dorset 28,400 Renaissance Acquisition Corp. Common 75966C115 550,260 1,222,800 SH Call DEFINED Dorset 1,222,800 Renaissance Acquisition Corp. Common 75966C115 23,400 52,000 SH Call DEFINED Dorset 52,000 Renaissance Acquisition Corp. Common 75966C115 6,975 15,500 SH Call DEFINED Dorset 15,500 Renaissance Acquisition Corp. Common 75966C115 149,400 332,000 SH Call OTHER Dorset 332,000 Renaissance Acquisition Corp. Common 75966C305 1,706,320 308,000 SH OTHER Dorset 308,000 Renaissance Acquisition Corp. Common 75966C305 6,405,348 1,156,200 SH DEFINED Dorset 1,156,200 Renaissance Acquisition Corp. Common 75966C305 339,602 61,300 SH DEFINED Dorset 61,300 Renaissance Acquisition Corp. Common 75966C305 80,330 14,500 SH DEFINED Dorset 14,500
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- Retail Ventures, Inc. Common 76128Y102 11,764,341 1,130,100 SH DEFINED Dorset 1,130,100 Retail Ventures, Inc. Common 76128Y102 550,689 52,900 SH DEFINED Dorset 52,900 Retail Ventures, Inc. Common 76128Y102 118,674 11,400 SH DEFINED Dorset 11,400 Rhapsody Acquisition Corporation Common 762014108 573,650 77,000 SH OTHER Dorset 77,000 Rhapsody Acquisition Corporation Common 762014108 2,176,145 292,100 SH DEFINED Dorset 292,100 Rhapsody Acquisition Corporation Common 762014108 100,575 13,500 SH DEFINED Dorset 13,500 Rhapsody Acquisition Corporation Common 762014108 17,880 2,400 SH DEFINED Dorset 2,400 Schlumberger Limited Common 806857108 73,500,000 700,000 SH DEFINED Dorset 700,000 Shanghai Century Acquistion Corporation Common G80637120 165,800 20,000 SH OTHER Dorset 20,000 Shanghai Century Acquistion Corporation Common G80637104 6,066,000 606,600 SH DEFINED Dorset 606,600 Shanghai Century Acquistion Corporation Common G80637104 303,000 30,300 SH DEFINED Dorset 30,300 Shanghai Century Acquistion Corporation Common G80637104 71,000 7,100 SH DEFINED Dorset 7,100 Smart Balance, Inc Common 83169Y108 6,009,580 487,000 SH DEFINED Dorset 487,000 Smart Balance, Inc Common 83169Y108 277,650 22,500 SH DEFINED Dorset 22,500 Smart Balance, Inc Common 83169Y108 60,466 4,900 SH DEFINED Dorset 4,900 Solectron Corporation Common 834182107 12 3 SH DEFINED Dorset 3 Solectron Corporation Common 834182107 8 2 SH DEFINED Dorset 2 Southwestern Energy Company Common 845467109 6,277,500 150,000 SH DEFINED Dorset 150,000 Spectrum Pharmaceuticals Inc. Common 84763A108 3,142,212 744,600 SH DEFINED Dorset 744,600 Spectrum Pharmaceuticals Inc. Common 84763A108 145,168 34,400 SH DEFINED Dorset 34,400 Spectrum Pharmaceuticals Inc. Common 84763A108 31,650 7,500 SH DEFINED Dorset 7,500 Stoneleigh Partners Acquisition Corp. Common 861923100 807,579 108,400 SH OTHER Dorset 108,400 Stoneleigh Partners Acquisition Corp. Common 861923100 2,811,645 377,402 SH DEFINED Dorset 377,402 Stoneleigh Partners Acquisition Corp. Common 861923100 127,395 17,100 SH DEFINED Dorset 17,100 Stoneleigh Partners Acquisition Corp. Common 861923100 31,290 4,200 SH DEFINED Dorset 4,200 Summit Global Logistics, Inc. Common 86606R107 2,826,000 565,200 SH DEFINED Dorset 565,200 Summit Global Logistics, Inc. Common 86606R107 141,000 28,200 SH DEFINED Dorset 28,200 Summit Global Logistics, Inc. Common 86606R107 33,000 6,600 SH DEFINED Dorset 6,600 Symantec Corporation Common 871503108 6,085,320 314,000 SH DEFINED Dorset 314,000 Symantec Corporation Common 871503108 281,010 14,500 SH DEFINED Dorset 14,500 Symantec Corporation Common 871503108 62,016 3,200 SH DEFINED Dorset 3,200 Tailwind Financial Inc. Units Common 874023203 1,025,000 125,000 SH OTHER Dorset 125,000 Tailwind Financial Inc. Common 874023112 523,460 747,800 SH Call DEFINED Dorset 747,800 Tailwind Financial Inc. Common 874023112 23,730 33,900 SH Call DEFINED Dorset 33,900 Tailwind Financial Inc. Common 874023112 7,140 10,200 SH Call DEFINED Dorset 10,200 Tailwind Financial Inc. Common 874023112 52,501 75,000 SH Call OTHER Dorset 75,000 Tailwind Financial Inc. Common 874023104 945,000 125,000 SH OTHER Dorset 125,000 Tailwind Financial Inc. Common 874023104 7,165,368 947,800 SH DEFINED Dorset 947,800 Tailwind Financial Inc. Common 874023104 303,912 40,200 SH DEFINED Dorset 40,200 Tailwind Financial Inc. Common 874023104 90,720 12,000 SH DEFINED Dorset 12,000 Talisman Energy Inc. Common 87425E103 57,543,268 2,930,200 SH DEFINED Dorset 2,930,200 Talisman Energy Inc. Common 87425E103 11,937,940 607,900 SH DEFINED Dorset 607,900 Talisman Energy Inc. Common 87425E103 579,321 29,500 SH DEFINED Dorset 29,500
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------------------------------------------------------------------------------------------------------------- TITLE OF VOTING AUTHORITY CLASS VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER --------------------------- NAME OF ISSUER CLASS CUSIP ($) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- TFS Financial Corp. Common 87240R107 15,086,746 1,165,900 SH DEFINED Dorset 1,165,900 TFS Financial Corp. Common 87240R107 975,676 75,400 SH DEFINED Dorset 75,400 TFS Financial Corp. Common 87240R107 151,398 11,700 SH DEFINED Dorset 11,700 The Stephan Co. Common 858603103 290,897 76,560 SH OTHER Dorset 76,560 The Stephan Co. Common 858603103 1,102,036 290,040 SH DEFINED Dorset 290,040 The Stephan Co. Common 858603103 50,725 13,350 SH DEFINED Dorset 13,350 The Stephan Co. Common 858603103 10,829 2,850 SH DEFINED Dorset 2,850 Total SA Common 89151E109 52,669,500 650,000 SH DEFINED Dorset 650,000 Transgenomic, Inc. Common 89365K206 3,180,565 4,417,451 SH DEFINED Dorset 4,417,451 Transgenomic, Inc. Common 89365K206 171,072 237,600 SH DEFINED Dorset 237,600 Transgenomic, Inc. Common 89365K206 37,080 51,500 SH DEFINED Dorset 51,500 Transocean Inc. Common G90078109 33,915,000 300,000 SH DEFINED Dorset 300,000 UBS AG Common H89231338 418,084 7,800 SH SOLE 7,800 UBS AG Common H89231338 128,641 2,400 SH OTHER 2,400 UBS AG Common H89231338 36,018,300 676,400 SH DEFINED Dorset 676,400 UBS AG Common H89231338 4,031,025 75,700 SH DEFINED Dorset 75,700 UBS AG Common H89231338 362,100 6,800 SH DEFINED Dorset 6,800 Ultra Petroleum Corp. Common 903914109 2,531,232 40,800 SH DEFINED Dorset 40,800 Victory Acquistion Corp Common 92644D100 744,000 80,000 SH OTHER Dorset 80,000 Victory Acquistion Corp Common 92644D100 2,820,690 303,300 SH DEFINED Dorset 303,300 Victory Acquistion Corp Common 92644D100 119,040 12,800 SH DEFINED Dorset 12,800 Victory Acquistion Corp Common 92644D100 36,270 3,900 SH DEFINED Dorset 3,900 Wachovia Corp. Common 929903102 89,267 1,780 SH OTHER 1,780 Walmart @40 Exp. 1/08 Common 931142103 329,800 680 SH Call OTHER Dorset 680 Wells Fargo & Co. Common 949746101 413,192 11,600 SH SOLE 11,600 Wells Fargo & Co. Common 949746101 213,720 6,000 SH OTHER 6,000 Wells Fargo & Co. Common 949746101 34,774,381 976,260 SH DEFINED Dorset 976,260 Wells Fargo & Co. Common 949746101 1,606,462 45,100 SH DEFINED Dorset 45,100 Wells Fargo & Co. Common 949746101 352,638 9,900 SH DEFINED Dorset 9,900 Willis Group Holdings Limited Common G96655108 151,478 3,700 SH SOLE 3,700 Willis Group Holdings Limited Common G96655108 16,376 400 SH OTHER 400 Willis Group Holdings Limited Common G96655108 15,424,145 376,750 SH DEFINED Dorset 376,750 Willis Group Holdings Limited Common G96655108 734,873 17,950 SH DEFINED Dorset 17,950 Willis Group Holdings Limited Common G96655108 155,572 3,800 SH DEFINED Dorset 3,800 ZIOPHARM Oncology, Inc. Common 98973P101 1,410,908 427,548 SH DEFINED Dorset 427,548 ZIOPHARM Oncology, Inc. Common 98973P101 64,020 19,400 SH DEFINED Dorset 19,400 ZIOPHARM Oncology, Inc. Common 98973P101 19,140 5,800 SH DEFINED Dorset 5,800 GRAND TOTAL 2,766,288,543 134,337,669