13F-HR/A 1 inftable.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: 3/31/2010 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [x] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Delta Asset Management, LLC Address: 700 Colonial Road, Suite 130 Memphis, TN 38117 Form 13F File Number: 028-02668 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. Persons Signing this Report on Behalf of Reporting Manager: Name: Lisa S. Valentine Title: Portfolio Operations Manager Phone: 615-297-9608 Signature, Place, and Date of Signing: /s/ Lisa S. Valentine Nashville, TN 5/13/10 --------------------------------- --------------------------------- ---------- [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: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 87 Form 13F Information Table Value Total: $ 254143 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Company COM 88579Y101 11048 132195 SH Sole 129810 2385 AT&T Incorporated COM 00206R102 1111 42995 SH Sole 42995 Abbott Labs COM 002824100 254 4825 SH Sole 4825 Altria Group, Inc. COM 02209S103 264 12850 SH Sole 12650 200 America West Res Inc Com COM 02365V106 1 10000 SH Sole 10000 American Sec Res Corp Com COM 029569100 0 100000 SH Sole 100000 Anglo Canadian Uranium F COM 03512n104 3 38500 SH Sole 38500 Avery Dennison Corporation COM 053611109 8325 228638 SH Sole 224558 4080 BHP Billiton Limited COM 088606108 1999 24894 SH Sole 24539 355 BP Plc Sponsored ADR COM 055622104 301 5280 SH Sole 5280 Bank of America Corporation COM 060505104 187 10466 SH Sole 10466 Becton, Dickinson and Company COM 075887109 4840 61472 SH Sole 60477 995 Bed Bath & Beyond Incorporated COM 075896100 7717 176353 SH Sole 173178 3175 Berkshire Hathaway Inc. Class COM 084670702 1013 12467 SH Sole 12467 Bristol Myers Squibb Company COM 110122108 845 31646 SH Sole 30846 800 Canalaska Uranium Ltd COM 13708P102 5 30000 SH Sole 30000 Canon Inc. ADR COM 138006309 7399 160117 SH Sole 157032 3085 Cedar Fair L P Depositry Unit COM 150185106 188 15750 SH Sole 15750 Chevron Corporation COM 166764100 860 11337 SH Sole 11337 Coca-Cola Company COM 191216100 499 9068 SH Sole 9068 Comcast Corporation New Class COM 20030N200 8975 499457 SH Sole 491010 8447 Computer Sciences Corporation COM 205363104 9249 169732 SH Sole 166522 3210 Corrections Corporation Of Ame COM 22025Y407 6279 316142 SH Sole 316142 Cytogenix Inc COM 232825109 0 85000 SH Sole 85000 Dell Incorporated COM 24702R101 6176 411197 SH Sole 404617 6580 Duke Energy Corporation New COM 26441C105 2556 156634 SH Sole 153989 2645 E.I. du Pont De Nemours and Co COM 263534109 255 6851 SH Sole 6851 Ecolab Incorporated COM 278865100 5429 123524 SH Sole 121454 2070 Emerson Electric Co. COM 291011104 276 5485 SH Sole 5485 Enhanced Oil Resources F COM 29333e106 12 58000 SH Sole 58000 Enterprise Products Partners L COM 293792107 206 5966 SH Sole 5966 Erhc Energy Inc COM 26884j104 6 10000 SH Sole 10000 Exxon Mobil Corporation COM 30231G102 2925 43671 SH Sole 43671 FPL Group, Inc. COM 302571104 204 4212 SH Sole 4212 FedEx Corporation COM 31428X106 540 5778 SH Sole 5778 First Horizon National Corpora COM 320517105 608 43273 SH Sole 42198 1075 Forest Laboratories, Inc. COM 345838106 384 12250 SH Sole 12250 General Electric Company COM 369604103 1046 57482 SH Sole 57482 General Mills, Inc. COM 370334104 7225 102056 SH Sole 100276 1780 Goldman Sachs Group, Inc. COM 38141G104 2230 13071 SH Sole 12851 220 Great White Marine Revoked by COM 391520103 0 15500 SH Sole 15500 Green Bankshares Inc COM 394361208 169 20689 SH Sole 20689 Honeywell International Incorp COM 438516106 9014 199110 SH Sole 195350 3760 Iberiabank Corp COM 450828108 1812 30197 SH Sole 30197 Intel Corporation COM 458140100 345 15485 SH Sole 15485 International Business Machine COM 459200101 1151 8973 SH Sole 8973 JPMorgan Chase & Co. COM 46625H100 732 16366 SH Sole 16366 Johnson & Johnson COM 478160104 716 10986 SH Sole 10986 Kinder Morgan Energy Partners COM 494550106 238 3644 SH Sole 3644 Kraft Foods Inc. COM 50075N104 310 10260 SH Sole 10260 L Oreal Company ADR (MONACO) COM 502117203 4214 200015 SH Sole 196395 3620 Legg Mason Incorporated COM 524901105 2835 98886 SH Sole 97061 1825 Lowes Companies Incorporated COM 548661107 4741 195590 SH Sole 192110 3480 Marriott International Incorpo COM 571903202 5576 176904 SH Sole 173332 3572 Mattel Incorporated COM 577081102 8179 359681 SH Sole 353311 6370 McGraw Hill Companies Incorpor COM 580645109 5956 167080 SH Sole 163940 3140 Medtronic, Inc. COM 585055106 204 4528 SH Sole 4528 Merck & Company Inc New Com COM 58933y105 517 13850 SH Sole 13850 Meredith Corporation COM 589433101 3139 91214 SH Sole 89384 1830 Microsoft Corporation COM 594918104 10595 361774 SH Sole 355074 6700 Mid-America Apartment Communit COM 59522J103 260 5018 SH Sole 5018 National Instruments Corporati COM 636518102 327 9807 SH Sole 9807 Nestle S A Sponsored ADR (SWIT COM 641069406 10036 195618 SH Sole 191972 3646 Newell Rubbermaid Incorporated COM 651229106 6004 395022 SH Sole 388562 6460 Oilsands Quest Inc. COM 678046103 30 40000 SH Sole 40000 PepsiCo COM 713448108 310 4690 SH Sole 4690 Pfizer Inc. COM 717081103 791 46103 SH Sole 46103 Philip Morris International In COM 718172109 606 11625 SH Sole 11525 100 Procter & Gamble Company COM 742718109 11970 189186 SH Sole 185936 3250 Regions Financial Corporation COM 7591EP100 216 27505 SH Sole 27505 Royal Dutch Shell Plc Sponsore COM 780259206 304 5250 SH Sole 5250 Santa Fe Hldgs Company COM 802016105 0 10000 SH Sole 10000 Spectra Energy Corporation COM 847560109 1473 65377 SH Sole 64060 1317 Stanley Black & Decker Inc COM 854502101 10811 188311 SH Sole 185561 2750 SunTrust Banks, Inc. COM 867914103 6519 243334 SH Sole 242176 1158 Sysco Corporation COM 871829107 6950 235579 SH Sole 231139 4440 UMB Financial Corporation COM 902788108 421 10376 SH Sole 10376 United Parcel Service Incorpor COM 911312106 4876 75700 SH Sole 74395 1305 United Technologies Corporatio COM 913017109 344 4670 SH Sole 4670 Verizon Communications COM 92343V104 566 18237 SH Sole 18237 Wal Mart Stores Incorporated COM 931142103 7936 142738 SH Sole 140618 2120 Walt Disney Company COM 254687106 10881 311679 SH Sole 306439 5240 Wells Fargo & Company COM 949746101 10155 326325 SH Sole 320265 6060 Windstream Corporation COM 97381W104 366 33576 SH Sole 33576 Yukon Gold Corp Inc COM 988480109 1 31000 SH Sole 31000 Santa Fe Hldgs Company COM 802016105 0 22600 SH Sole 22600 Old Second Capital Trust I 7.8 PFD 680280104 107 14848 SH Sole 14848