0001222765-22-000005.txt : 20220214 0001222765-22-000005.hdr.sgml : 20220214 20220214162533 ACCESSION NUMBER: 0001222765-22-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220214 DATE AS OF CHANGE: 20220214 EFFECTIVENESS DATE: 20220214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WATER ISLAND CAPITAL LLC CENTRAL INDEX KEY: 0001222765 IRS NUMBER: 134100544 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10693 FILM NUMBER: 22632705 BUSINESS ADDRESS: STREET 1: 41 MADISON AVENUE STREET 2: 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-584-2367 MAIL ADDRESS: STREET 1: 41 MADISON AVENUE STREET 2: 42ND FLOOR CITY: NEW YORK STATE: NY ZIP: 10010 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001222765 XXXXXXXX 12-31-2021 12-31-2021 false WATER ISLAND CAPITAL LLC

41 Madison Avenue 42nd Floor New York NY 10010

13F HOLDINGS REPORT 028-10693 N Phil Channen 646-727-4463 Phil Channen New York NY 11-12-2021 0 97 1811348 INFORMATION TABLE 2 infotable.xml ATLANTIC CAP BANCSHARES INC Equity 048269203 106 3668 SH SOLE 3668 0 0 AECOM Equity 00766T100 155 2000 SH SOLE 2000 0 0 AEROJET ROCKETDYNE HLDGS INC Equity 007800105 56885 1216524 SH SOLE 1129884 0 86640 ADVANCED MICRO DEVICES INC Equity Call 007903907 26 4000 SH Call SOLE 4000 0 0 AMERICAN NATIONAL GROUP INC Equity 02772A109 430 2277 SH SOLE 2277 0 0 ARENA PHARMACEUTICALS INC Equity 040047607 13086 140800 SH SOLE 133300 0 7500 ATOTECH LTD Equity G0625A105 18191 712801 SH SOLE 712801 0 0 ATHENE HOLDING LTD Equity G0684D107 17068 204824 SH SOLE 204824 0 0 BRICKELL BIOTECH INC Equity 10802T105 23 100000 SH SOLE 100000 0 0 ALLBIRDS INC Equity 01675A109 30 2000 SH SOLE 2000 0 0 BAKKT HOLDINGS INC Equity 05759B107 1202 141200 SH SOLE 141200 0 0 BLUEROCK RESIDENTIAL GWT REI Equity 09627J102 12720 482000 SH SOLE 452725 0 29275 CMC MATERIALS INC Equity 12571T100 34319 179035 SH SOLE 168180 0 10855 CERNER CORP Equity 156782104 52777 568292 SH SOLE 534297 0 33995 CHANGE HEALTHCARE INC Equity 15912K100 71160 3328322 SH SOLE 3075569 0 252753 COHERENT INC Equity 192479103 71288 267457 SH SOLE 250727 0 16730 CYRUSONE INC REIT 23283R100 78091 870388 SH SOLE 817835 0 52553 CANADIAN PAC RY LTD Equity 13645T100 93 1293 SH SOLE 1293 0 0 COREPOINT LODGING INC Equity 21872L104 14996 955160 SH SOLE 903402 0 51758 CASPER SLEEP INC Equity 147626105 4218 631390 SH SOLE 529908 0 101482 DISCOVERY INC Equity 25470F104 59 2500 SH SOLE 2500 0 0 BOTTOMLINE TECH DEL INC Equity 101388106 32680 578714 SH SOLE 543958 0 34756 FLAGSTAR BANCORP INC Equity 337930705 365 7620 SH SOLE 7620 0 0 1ST CONSTITUTION BANCORP Equity 31986N102 49 1918 SH SOLE 1918 0 0 FIVE9 INC Corporate Bond 338307AD3 3686 3000000 PRN SOLE 3000000 0 0 FIVE9 INC Equity 338307101 768 5594 SH SOLE 5594 0 0 SPX FLOW INC Equity 78469X107 32902 380459 SH SOLE 357392 0 23067 FIRST MIDWEST BANCORP DEL Equity 320867104 182 8871 SH SOLE 8871 0 0 FERRO CORP Equity 315405100 248 11363 SH SOLE 11363 0 0 FORTERRA INC Equity 34960W106 23212 976115 SH SOLE 922012 0 54103 FTS INTERNATIONAL INC Equity 30283W302 106 4023 SH SOLE 4023 0 0 GCP APPLIED TECHNOLOGIES INC Equity 36164Y101 19528 616799 SH SOLE 582904 0 33895 GOLDEN NUGGET ONLINE GAMIN Equity 38113L107 201 20176 SH SOLE 20176 0 0 GREENSKY INC Equity 39572G100 647 56926 SH SOLE 56926 0 0 GOLDEN STAR RES LTD CDA Equity 38119T807 231 60405 SH SOLE 60405 0 0 TURTLE BEACH CORP Equity Call 900450906 0 5000 SH Call SOLE 5000 0 0 HARTFORD FINL SVCS GROUP INC Equity 416515104 1296 18775 SH SOLE 18775 0 0 INDEPENDENCE HLDG CO NEW Equity 453440307 101 1777 SH SOLE 1777 0 0 IHS MARKIT LTD Equity G47567105 153022 1151232 SH SOLE 1079023 0 72209 INVESTORS BANCORP INC NEW Equity 46146L101 386 25484 SH SOLE 25484 0 0 KAMAN CORP Corporate Bond 483548AF0 3112 3000000 PRN SOLE 3000000 0 0 KAR AUCTION SVCS INC Equity Call 48238T909 4 21500 SH Call SOLE 21500 0 0 KIRKLAND LAKE GOLD LTD Equity 49741E100 184 4396 SH SOLE 4396 0 0 KALEYRA INC Equity 483379103 2338 232895 SH SOLE 232895 0 0 CORVUS GOLD INC Equity 221013105 87 26953 SH SOLE 26953 0 0 KRATON CORP Equity 50077C106 16881 364443 SH SOLE 343118 0 21325 MCAFEE CORP Equity 579063108 41488 1608673 SH SOLE 1510472 0 98201 MAGELLAN HEALTH INC Equity 559079207 294 3099 SH SOLE 3099 0 0 MIMECAST LTD Equity G14838109 27107 340666 SH SOLE 319301 0 21365 MONEYLION INC Equity 60938K106 10450 2933000 SH SOLE 2933000 0 0 MONMOUTH REAL ESTATE INVT CO Equity 609720107 55328 2633425 SH SOLE 2466231 0 167194 MOMENTIVE GLOBAL INC Equity 60878Y108 33882 1602000 SH SOLE 1503291 0 98709 MAGNACHIP SEMICONDUCTOR CORP Equity 55933J203 24699 1177839 SH SOLE 1103791 0 74048 NEOPHOTONICS CORP Equity 64051T100 25217 1640632 SH SOLE 1553168 0 87464 NUANCE COMMUNICATIONS INC Convertible Bond 67020YAK6 2285 1000000 PRN SOLE 1000000 0 0 NUANCE COMMUNICATIONS INC Equity 67020Y100 120077 2170581 SH SOLE 2038976 0 131605 OCCIDENTAL PETE CORP Equity 674599105 348 12000 SH SOLE 12000 0 0 PAE INC Equity 69290Y109 235 23649 SH SOLE 23649 0 0 PENN NATL GAMING INC Equity 707569109 53 1014 SH SOLE 1014 0 0 PINTEREST INC Equity 72352L106 214 5900 SH SOLE 5900 0 0 PNM RES INC Equity 69349H107 40779 894081 SH SOLE 839758 0 54323 PARATEK PHARMACEUTICALS INC Corporate Bond 699374AB0 2071 2250000 PRN SOLE 2250000 0 0 PARATEK PHARMACEUTICALS INC Equity 699374302 251 55972 SH SOLE 55972 0 0 PURE STORAGE INC Convertible Bond 74624MAB8 2003 1500000 PRN SOLE 1500000 0 0 PAYPAL HLDGS INC Equity 70450Y103 377 2000 SH SOLE 2000 0 0 RELIANT BANCORP INC Equity 75956B101 92 2580 SH SOLE 2580 0 0 RINGCENTRAL INC Equity 76680R206 187 1000 SH SOLE 1000 0 0 ROGERS CORP Equity 775133101 85202 312097 SH SOLE 293295 0 18802 DONNELLEY R R & SONS CO Equity 257867200 29087 2583244 SH SOLE 2440779 0 142465 SANDERSON FARMS INC Equity 800013104 40266 210727 SH SOLE 198161 0 12566 SCIENTIFIC GAMES CORP Equity Call 80874P909 3 10000 SH Call SOLE 10000 0 0 SHAW COMMUNICATIONS INC Equity 82028K200 218 7160 SH SOLE 7160 0 0 STRYVE FOODS INC Equity 863685103 1185 300000 SH SOLE 300000 0 0 SPDR S&P 500 ETF TR Equity Call 78462F903 151 50000 SH Call SOLE 50000 0 0 BLOCK INC Corporate Bond 852234AF0 2968 2000000 PRN SOLE 2000000 0 0 BLOCK INC Equity 852234103 65 400 SH SOLE 400 0 0 STATE AUTO FINL CORP Equity 855707105 106 2054 SH SOLE 2054 0 0 STERLING BANCORP DEL Equity 85917A100 196 7586 SH SOLE 7586 0 0 DEL TACO RESTAURANTS INC NEW Equity 245496104 12870 1033768 SH SOLE 978655 0 55113 TEEKAY LNG PARTNERS L P Equity Y8564M105 12571 742531 SH SOLE 702897 0 39634 TERMINIX GLOBAL HOLDINGS INC Equity Put 88087E950 180 135000 SH Put SOLE 127400 0 7600 TERMINIX GLOBAL HOLDINGS INC Equity 88087E100 6106 135000 SH SOLE 127400 0 7600 TRISTATE CAP HLDGS INC Equity 89678F100 17433 576122 SH SOLE 576122 0 0 TWITTER INC Convertible Bond 90184LAF9 1634 1500000 PRN SOLE 1500000 0 0 UPHEALTH INC Equity 91532B101 201 97623 SH SOLE 97623 0 0 VONAGE HLDGS CORP Corporate Bond 92886TAJ1 7353 5500000 PRN SOLE 5500000 0 0 VONAGE HLDGS CORP Equity 92886T201 52385 2519713 SH SOLE 2368793 0 150920 VEONEER INC Equity 92336X109 23883 673152 SH SOLE 633720 0 39432 VERSO CORP Equity 92531L207 12726 471000 SH SOLE 442364 0 28636 WELBILT INC Equity 949090104 78391 3297912 SH SOLE 3120161 0 177751 WILLIS TOWERS WATSON PLC LTD Equity G96629103 139101 585714 SH SOLE 550060 0 35654 INTERSECT ENT INC Equity 46071F103 106 3886 SH SOLE 3886 0 0 XILINX INC Equity 983919101 149728 706166 SH SOLE 658309 0 47857 ZENDESK INC Equity Call 98936J901 1632 253100 SH Call SOLE 237500 0 15600 ZENDESK INC Convertible Bond 98936JAD3 4176 3500000 PRN SOLE 3500000 0 0 Lightning eMotors Inc Convertible Bond 53228RAA3 4786 5950000 PRN SOLE 5950000 0 0 ZAI LAB LTD Equity 98887Q104 63 1000 SH SOLE 1000 0 0