0000902664-11-001321.txt : 20110815 0000902664-11-001321.hdr.sgml : 20110815 20110815105029 ACCESSION NUMBER: 0000902664-11-001321 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110815 DATE AS OF CHANGE: 20110815 EFFECTIVENESS DATE: 20110815 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: 111033939 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 p11-1474form13fhr.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: June 30, 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 10119 -------------------------------------------------- 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 August 15, 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: 70 ------------- Form 13F Information Table Value Total: $ 2,309,247 ------------- (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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- 99 CENTS ONLY STORES COM 65440K106 7,630 376,970 SH SOLE 376,970 ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 15,105 43,500 PRN SOLE 43,500 AMR CORP COM 001765106 27,771 5,133,300 SH PUT SOLE 5,133,300 BANK OF AMERICA CORPORATION COM 060505104 6,765 617,200 SH SOLE 617,200 BANK OF AMERICA CORPORATION COM 060505104 1,370 125,000 SH PUT SOLE 125,000 BEST BUY INC SDCV 2.250% 1/1 086516AF8 6,828 10,000 PRN SOLE 10,000 BJS WHOLESALE CLUB INC COM 05548J106 5,832 115,829 SH SOLE 115,829 BOEING CO COM 097023105 5,089 68,830 SH SOLE 68,830 BOEING CO COM 097023105 18,194 246,100 SH CALL SOLE 246,100 BOEING CO COM 097023105 18,194 246,100 SH PUT SOLE 246,100 BUCYRUS INTL INC NEW COM 118759109 111,508 1,216,544 SH SOLE 1,216,544 CAMERON INTERNATIONAL CORP NOTE 2.500% 6/1 13342BAB1 4,975 3,500 PRN SOLE 3,500 CEPHALON INC COM 156708109 159,125 1,991,555 SH SOLE 1,991,555 COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 8,692 11,000 PRN SOLE 11,000 CONMED CORP NOTE 2.500%11/1 207410AD3 6,675 8,951 PRN SOLE 8,951 CONVERGYS CORP SDCV 5.750% 9/1 212485AE6 6,783 6,000 PRN SOLE 6,000 CUBIST PHARMACEUTICALS INC NOTE 2.250% 6/1 229678AC1 23,763 20,317 PRN SOLE 20,317 EARTHLINK INC COM 270321102 562 73,000 SH SOLE 73,000 EARTHLINK INC FRNT 3.250%11/1 270321AA0 11,730 12,500 PRN SOLE 12,500 ENTERGY CORP NEW COM 29364G103 1,502 22,000 SH SOLE 22,000 EXCO RESOURCES INC COM 269279402 49,566 2,808,276 SH SOLE 2,808,276 EXTERRAN HLDGS INC NOTE 4.250% 6/1 30225XAA1 2,139 2,500 PRN SOLE 2,500 GENERAL MTRS CO COM 37045V100 21,343 703,000 SH SOLE 703,000 HEADWATERS INC COM 42210P102 783 250,000 SH CALL SOLE 250,000 HORNBECK OFFSHORE SVCS INC N FRNT 1.625%11/1 440543AE6 17,187 30,300 PRN SOLE 30,300 HOVNANIAN ENTERPRISES INC UNIT 99/99/9999 44248W208 1,179 110,520 SH SOLE 110,520 ICONIX BRAND GROUP INC NOTE 1.875% 6/3 451055AB3 27,765 31,620 PRN SOLE 31,620 ISHARES TR DJ US REAL EST 464287739 44,773 742,500 SH PUT SOLE 742,500 ISIS PHARMACEUTICALS INC DEL NOTE 2.625% 2/1 464337AE4 12,526 20,000 PRN SOLE 20,000 ISTAR FINL INC DEBT 10/0 45031UBF7 1,365 7,500 PRN SOLE 7,500 KELLOGG CO COM 487836108 4,979 90,000 SH PUT SOLE 90,000 KINROSS GOLD CORP COM NO PAR 496902404 15,495 980,700 SH CALL SOLE 980,700 KULICKE & SOFFA INDS INC NOTE 0.875% 6/0 501242AT8 4,344 5,598 PRN SOLE 5,598 L-1 IDENTITY SOLUTIONS INC COM 50212A106 53,174 4,525,413 SH SOLE 4,525,413 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 54,552 61,000 PRN SOLE 61,000 LAWSON SOFTWARE INC NEW COM 52078P102 70,275 6,263,343 SH SOLE 6,263,343 LEVEL 3 COMMUNICATIONS INC NOTE 15.000% 1/1 52729NBM1 10,310 7,606 PRN SOLE 7,606 LIBERTY GLOBAL INC COM SER C 530555309 34,664 811,805 SH SOLE 811,805 LIFEPOINT HOSPITALS INC SDCV 3.250% 8/1 53219LAG4 11,171 17,500 PRN SOLE 17,500 LUBRIZOL CORP COM 549271104 153,095 1,140,200 SH SOLE 1,140,200 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 6,568 122,100 SH CALL SOLE 122,100 MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 6,568 122,100 SH PUT SOLE 122,100 MARSHALL & ILSLEY CORP NEW COM 571837103 156,485 19,634,284 SH SOLE 19,634,284 MASTERCARD INC CL A 57636Q104 9,914 32,900 SH CALL SOLE 32,900 MASTERCARD INC CL A 57636Q104 9,914 32,900 SH PUT SOLE 32,900 MCCLATCHY CO CL A 579489105 2,404 855,600 SH SOLE 855,600 MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 34,754 26,450 PRN SOLE 26,450 MGIC INVT CORP WIS NOTE 5.000% 5/0 552848AD5 5,756 13,000 PRN SOLE 13,000 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 46,090 35,000 PRN SOLE 35,000 NETAPP INC NOTE 1.750% 6/0 64110DAB0 19,059 11,500 PRN SOLE 11,500 NORFOLK SOUTHERN CORP COM 655844108 2,870 38,300 SH CALL SOLE 38,300 NORFOLK SOUTHERN CORP COM 655844108 2,870 38,300 SH PUT SOLE 38,300 OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 3,040 20,000 SH PUT SOLE 20,000 PMI GROUP INC NOTE 4.500% 4/1 69344MAK7 2,183 16,000 PRN SOLE 16,000 QUICKSILVER RESOURCES INC DBCV 1.875%11/0 74837RAB0 14,006 14,500 PRN SOLE 14,500 RALCORP HLDGS INC NEW COM 751028101 75,472 871,700 SH SOLE 871,700 SANDISK CORP NOTE 1.000% 5/1 80004CAC5 34,266 68,000 PRN SOLE 68,000 SPDR S&P 500 ETF TR TR UNIT 78462F103 7,863 59,580 SH SOLE 59,580 SPDR S&P 500 ETF TR TR UNIT 78462F103 211,112 1,599,700 SH CALL SOLE 1,599,700 SPDR S&P 500 ETF TR TR UNIT 78462F103 270,341 2,048,500 SH PUT SOLE 2,048,500

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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- SRA INTL INC CL A 78464R105 73,658 2,382,221 SH SOLE 2,382,221 STEWART ENTERPRISES INC NOTE 3.125% 7/1 860370AH8 6,606 10,000 PRN SOLE 10,000 TELVENT GIT SA SHS E90215109 16,134 405,376 SH SOLE 405,376 UNITED DOMINION REALTY TR IN NOTE 3.625% 9/1 910197AM4 8,693 12,201 PRN SOLE 12,201 UNITED TECHNOLOGIES CORP COM 913017109 417 4,709 SH SOLE 4,709 UNITED TECHNOLOGIES CORP COM 913017109 5,603 63,300 SH CALL SOLE 63,300 UNITED TECHNOLOGIES CORP COM 913017109 5,603 63,300 SH PUT SOLE 63,300 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 164,171 2,672,054 SH SOLE 2,672,054 VERIFONE SYS INC NOTE 1.375% 6/1 92342YAB5 49,120 48,750 PRN SOLE 48,750 VERIGY LTD SHS Y93691106 18,930 1,264,501 SH SOLE 1,264,501