0000902664-11-000880.txt : 20110512 0000902664-11-000880.hdr.sgml : 20110512 20110512140132 ACCESSION NUMBER: 0000902664-11-000880 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110331 FILED AS OF DATE: 20110512 DATE AS OF CHANGE: 20110512 EFFECTIVENESS DATE: 20110512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARROWGRASS CAPITAL PARTNERS (US) LP CENTRAL INDEX KEY: 0001454288 IRS NUMBER: 134365038 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13317 FILM NUMBER: 11835152 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE, 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 BUSINESS PHONE: 44 203 100 1000 MAIL ADDRESS: STREET 1: 245 PARK AVENUE, 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 13F-HR 1 p11-1186form13fhr.txt ARROWGRASS CAPITAL PARTNERS (US) LP UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 --------------------- 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: Arrowgrass Capital Partners (US) LP Address: 1330 Avenue of the Americas 32nd Floor New York, New York 10019 Form 13F File Number: 028-13317 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: Sean Flynn Title: Director of the General Partner Phone: +1 (345) 949-9900 Signature, Place, and Date of Signing: /s/ Sean Flynn Cayman Islands May 12, 2011 --------------------------------- ------------------------------- ------------ [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).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 76 Form 13F Information Table Value Total: $ 1,520,101 -------------- (thousands) List of Other Included Managers: NONE

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 18,584 43,500 PRN SOLE 43,500 0 0 ALBERTO CULVER CO NEW COM 013078100 28,053 752,704 SH SOLE 752,704 0 0 ALLIANT TECHSYSTEMS INC NOTE 2.750% 9/1 018804AN4 6,224 8,500 PRN SOLE 8,500 0 0 ATHEROS COMMUNICATIONS INC COM 04743P108 16,262 364,131 SH SOLE 364,131 0 0 BANK OF AMERICA CORPORATION COM 060505104 3,135 235,200 SH SOLE 235,200 0 0 BUCYRUS INTL INC NEW COM 118759109 21,482 234,900 SH SOLE 234,900 0 0 CAMERON INTERNATIONAL CORP NOTE 2.500% 6/1 13342BAB1 13,719 8,500 PRN SOLE 8,500 0 0 COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 3,036 4,000 PRN SOLE 4,000 0 0 CONMED CORP NOTE 2.500%11/1 207410AD3 8,568 12,451 PRN SOLE 12,451 0 0 CONVERGYS CORP SDCV 5.750% 9/1 212485AE6 7,136 6,000 PRN SOLE 6,000 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 1,893 75,000 SH PUT SOLE 75,000 0 0 CUBIST PHARMACEUTICALS INC COM 229678107 813 32,200 SH SOLE 32,200 0 0 CUBIST PHARMACEUTICALS INC NOTE 2.250% 6/1 229678AC1 7,642 9,317 PRN SOLE 9,317 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 38,885 700,000 SH PUT SOLE 700,000 0 0 FRONTEER GOLD INC COM 359032109 8,658 590,601 SH SOLE 590,601 0 0 GENERAL MTRS CO COM 37045V100 22,000 709,000 SH SOLE 709,000 0 0 GENZYME CORP COM 372917104 312,337 4,101,334 SH SOLE 4,101,334 0 0 HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 4,772 7,500 PRN SOLE 7,500 0 0 HOVNANIAN ENTERPRISES INC UNIT 99/99/9999 44248W208 9,779 110,520 SH SOLE 110,520 0 0 ICONIX BRAND GROUP INC NOTE 1.875% 6/3 451055AB3 12,564 16,120 PRN SOLE 16,120 0 0 ILLINOIS TOOL WKS INC COM 452308109 7,198 134,000 SH CALL SOLE 134,000 0 0 ILLINOIS TOOL WKS INC COM 452308109 7,198 134,000 SH PUT SOLE 134,000 0 0 ILLINOIS TOOL WKS INC COM 452308109 567 10,564 SH SOLE 10,564 0 0 INGERSOLL-RAND GLOBAL HLDG C NOTE 4.500% 4/1 45687AAD4 41,180 15,338 PRN SOLE 15,338 0 0 INGERSOLL-RAND PLC SHS G47791101 4,213 87,200 SH CALL SOLE 87,200 0 0 INGERSOLL-RAND PLC SHS G47791101 4,213 87,200 SH PUT SOLE 87,200 0 0 ISHARES INC MSCI BRAZIL 464286400 13,836 178,500 SH CALL SOLE 178,500 0 0 ISHARES INC MSCI BRAZIL 464286400 13,836 178,500 SH PUT SOLE 178,500 0 0 ISHARES TR MSCI EMERG MKT 464287234 19,327 397,100 SH CALL SOLE 397,100 0 0 ISHARES TR MSCI EMERG MKT 464287234 19,327 397,100 SH PUT SOLE 397,100 0 0 ISIS PHARMACEUTICALS INC DEL NOTE 2.625% 2/1 464337AE4 12,362 20,000 PRN SOLE 20,000 0 0 JPMORGAN CHASE & CO COM 46625H100 10,188 221,000 SH CALL SOLE 221,000 0 0 JPMORGAN CHASE & CO COM 46625H100 10,188 221,000 SH PUT SOLE 221,000 0 0 JPMORGAN CHASE & CO COM 46625H100 650 14,100 SH SOLE 14,100 0 0 KOHLS CORP COM 500255104 1,825 34,400 SH CALL SOLE 34,400 0 0 KOHLS CORP COM 500255104 1,825 34,400 SH PUT SOLE 34,400 0 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 28,029 35,000 PRN SOLE 35,000 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 15.000% 1/1 52729NBM1 12,250 15,000 PRN SOLE 15,000 0 0 LIBERTY GLOBAL INC COM SER C 530555309 10,317 258,000 SH SOLE 258,000 0 0 LIBERTY GLOBAL INC NOTE 4.500%11/1 530555AB7 30,939 20,000 PRN SOLE 20,000 0 0 LIFEPOINT HOSPITALS INC SDCV 3.250% 8/1 53219LAG4 11,491 17,500 PRN SOLE 17,500 0 0 MARSHALL & ILSLEY CORP NEW COM 571837103 22,309 2,792,161 SH SOLE 2,792,161 0 0 MASSEY ENERGY COMPANY COM 576206106 118,923 1,739,653 SH SOLE 1,739,653 0 0 MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 19,847 30,000 PRN SOLE 30,000 0 0 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 45,815 35,000 PRN SOLE 35,000 0 0 NETAPP INC NOTE 1.750% 6/0 64110DAB0 17,386 11,500 PRN SOLE 11,500 0 0 NEWPORT CORP NOTE 2.500% 2/1 651824AB0 2,966 4,000 PRN SOLE 4,000 0 0 NORFOLK SOUTHERN CORP COM 655844108 6,885 99,400 SH CALL SOLE 99,400 0 0 NORFOLK SOUTHERN CORP COM 655844108 6,885 99,400 SH PUT SOLE 99,400 0 0 NOVELL INC COM 670006105 100,160 16,890,438 SH SOLE 16,890,438 0 0 PMI GROUP INC NOTE 4.500% 4/1 69344MAK7 5,509 16,000 PRN SOLE 16,000 0 0 PRICELINE COM INC COM NEW 741503403 2,937 5,800 SH CALL SOLE 5,800 0 0 PRICELINE COM INC COM NEW 741503403 2,937 5,800 SH PUT SOLE 5,800 0 0 QUICKSILVER RESOURCES INC DBCV 1.875%11/0 74837RAB0 13,579 14,500 PRN SOLE 14,500 0 0 SANDISK CORP NOTE 1.000% 5/1 80004CAC5 26,583 47,500 PRN SOLE 47,500 0 0 SAVIENT PHARMACEUTICALS INC NOTE 4.750% 2/0 80517QAA8 1,378 1,500 PRN SOLE 1,500 0 0 SCHLUMBERGER LTD COM 806857108 1,753 18,800 SH CALL SOLE 18,800 0 0 SCHLUMBERGER LTD COM 806857108 1,753 18,800 SH PUT SOLE 18,800 0 0 SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,465 63,117 SH SOLE 63,117 0 0 SMURFIT-STONE CONTAINER CORP COM 83272A104 56,416 1,459,661 SH SOLE 1,459,661 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- ---------------- --------- -------- ------------------- ---------- -------- ---------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- SPDR S&P 500 ETF TR TR UNIT 78462F103 77,008 580,800 SH CALL SOLE 580,800 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 81,980 618,300 SH PUT SOLE 618,300 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 1,191 8,984 SH SOLE 8,984 0 0 SPDR SERIES TRUST S&P RETAIL ETF 78464A714 9,906 195,000 SH CALL SOLE 195,000 0 0 SPDR SERIES TRUST S&P RETAIL ETF 78464A714 9,906 195,000 SH PUT SOLE 195,000 0 0 SPDR SERIES TRUST S&P RETAIL ETF 78464A714 813 15,999 SH SOLE 15,999 0 0 TIME WARNER INC COM NEW 887317303 4,605 129,000 SH CALL SOLE 129,000 0 0 TIME WARNER INC COM NEW 887317303 4,605 129,000 SH PUT SOLE 129,000 0 0 TRANSOCEAN INC NOTE 1.500%12/1 893830AW9 6,935 15,000 PRN SOLE 15,000 0 0 UNITED DOMINION REALTY TR IN NOTE 3.625% 9/1 910197AM4 10,397 14,701 PRN SOLE 14,701 0 0 VERIFONE SYS INC NOTE 1.375% 6/1 92342YAB5 17,790 14,250 PRN SOLE 14,250 0 0 VERIGY LTD SHS Y93691106 21,598 1,532,892 SH SOLE 1,532,892 0 0 VIACOM INC NEW CL B 92553P201 3,308 71,100 SH CALL SOLE 71,100 0 0 VIACOM INC NEW CL B 92553P201 3,308 71,100 SH PUT SOLE 71,100 0 0 WYNN RESORTS LTD COM 983134107 1,882 14,800 SH CALL SOLE 14,800 0 0 WYNN RESORTS LTD COM 983134107 1,882 14,800 SH PUT SOLE 14,800 0 0