-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HEkC4BKf+OaIFhlXYFhJHcQFMw9ZERoRoke9ElKnagsBCWHFjuc/ofP5GWSaEwsm GQrJt0jQzqtbB4j3VrM4EA== 0001085146-08-000884.txt : 20080807 0001085146-08-000884.hdr.sgml : 20080807 20080807124101 ACCESSION NUMBER: 0001085146-08-000884 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080630 FILED AS OF DATE: 20080807 DATE AS OF CHANGE: 20080807 EFFECTIVENESS DATE: 20080807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OSTERWEIS CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001007524 IRS NUMBER: 942871718 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04483 FILM NUMBER: 08997504 BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: STE 2101 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4154344441 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA STREET 2: STE 1201 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 13F-HR 1 ostm2q08.txt OSTERWEIS CAPITAL MANAGEMENT INC 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, 2008 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: Osterweis Capital Management, Inc. Address: One Maritime Plaza, Suite 800 San Francisco, CA 94111 13F File Number: 28-04483 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: John Tavernetti Title: Chief Compliance Officer Phone: 415-434-4441 Signature, Place, and Date of Signing: /s/ John Tavernetti San Francisco, CA August 04, 2008 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form13F Information Table Entry Total: 173 Form13F Information Table Value Total: $2,341,828 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 28-05660 Osterweis Capital Management, LLC. 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 CO COM 88579Y101 1653 23754 SH OTHER 1 23754 0 0 3M CO COM 88579Y101 665 9550 SH OTHER 9550 0 0 ABBOTT LABS COM 002824100 1483 28000 SH OTHER 28000 0 0 ABBOTT LABS COM 002824100 569 10733 SH OTHER 1 10733 0 0 ADAPTEC INC NOTE 0.750%12/2 00651FAG3 5168 5294000 PRN OTHER 1 5294000 0 0 AFLAC INC COM 001055102 396 6300 SH OTHER 1 6300 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 13914 391495 SH OTHER 388610 0 2885 AGILENT TECHNOLOGIES INC COM 00846U101 40215 1131550 SH OTHER 1 1131550 0 0 ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 298 10000 SH OTHER 1 6000 0 4000 AMERICAN EXPRESS CO COM 025816109 238 6325 SH OTHER 6325 0 0 AMERICAN EXPRESS CO COM 025816109 105 2800 SH OTHER 1 2800 0 0 AMERICAN INTL GROUP INC COM 026874107 1412 53350 SH OTHER 1 53350 0 0 ANADARKO PETE CORP COM 032511107 574 7675 SH OTHER 1 7675 0 0 ANHEUSER BUSCH COS INC COM 035229103 18256 293890 SH OTHER 291845 0 2045 ANHEUSER BUSCH COS INC COM 035229103 47738 768475 SH OTHER 1 768475 0 0 APTARGROUP INC COM 038336103 527 12572 SH OTHER 1 12572 0 0 AT&T INC COM 00206R102 16297 483725 SH OTHER 480800 0 2925 AT&T INC COM 00206R102 45697 1356395 SH OTHER 1 1356395 0 0 BARE ESCENTUALS INC COM 067511105 229 12227 SH OTHER 12227 0 0 BARE ESCENTUALS INC COM 067511105 176 9394 SH OTHER 1 0 0 9394 BASIN WTR INC COM 07011T306 152 32440 SH SOLE 32440 0 0 BECTON DICKINSON & CO COM 075887109 366 4500 SH OTHER 1 4500 0 0 BERKLEY W R CORP COM 084423102 257 10630 SH OTHER 1 10630 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 483 4 SH OTHER 4 0 0 BOYD GAMING CORP COM 103304101 5125 408032 SH OTHER 404582 0 3450 BOYD GAMING CORP COM 103304101 19111 1521591 SH OTHER 1 1519591 0 2000 BP PLC SPONSORED ADR 055622104 270 3880 SH OTHER 1 3880 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 686 33394 SH OTHER 33394 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 356 17340 SH OTHER 1 17340 0 0 CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 11369 791691 SH OTHER 786341 0 5350 CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 9424 656218 SH OTHER 1 654218 0 2000 CANADIAN NAT RES LTD COM 136385101 451 4500 SH OTHER 1 4500 0 0 CARROLS RESTAURANT GROUP INC COM 14574X104 3448 664325 SH OTHER 664325 0 0 CARROLS RESTAURANT GROUP INC COM 14574X104 2829 545183 SH OTHER 1 545183 0 0 CBS CORP NEW CL B 124857202 1707 87574 SH OTHER 87574 0 0 CBS CORP NEW CL B 124857202 1022 52433 SH OTHER 1 52433 0 0 CELGENE CORP COM 151020104 252 3950 SH SOLE 3950 0 0 CHARLES RIV LABS INTL INC COM 159864107 19660 307567 SH OTHER 306117 0 1450 CHARLES RIV LABS INTL INC COM 159864107 48955 765883 SH OTHER 1 765633 0 250 CHEVRON CORP NEW COM 166764100 767 7739 SH OTHER 7739 0 0 CHEVRON CORP NEW COM 166764100 3549 35800 SH OTHER 1 35800 0 0 CLOROX CO DEL COM 189054109 480 9200 SH OTHER 1 9200 0 0 COCA COLA CO COM 191216100 446 8580 SH OTHER 8580 0 0 COCA COLA CO COM 191216100 478 9190 SH OTHER 1 9190 0 0 COLLEGIATE PACIFIC INC NOTE 5.750%12/0 194589AB3 833 875000 PRN OTHER 875000 0 0 COLLEGIATE PACIFIC INC NOTE 5.750%12/0 194589AB3 4172 4380000 PRN OTHER 1 4380000 0 0 COMCAST CORP NEW CL A 20030N101 194 10247 SH OTHER 1 10247 0 0 CONOCOPHILLIPS COM 20825C104 941 9972 SH OTHER 1 9972 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 17062 207825 SH OTHER 206700 0 1125 CONSTELLATION ENERGY GROUP I COM 210371100 42720 520340 SH OTHER 1 514440 0 5900 CROWN HOLDINGS INC COM 228368106 41422 1593782 SH OTHER 1583982 0 9800 CROWN HOLDINGS INC COM 228368106 80243 3087474 SH OTHER 1 3085474 0 2000 DENBURY RES INC COM NEW 247916208 314 8600 SH OTHER 1 8600 0 0 DEVON ENERGY CORP NEW COM 25179M103 779 6484 SH OTHER 1 6484 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 47298 640292 SH OTHER 1 640292 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 24614 333207 SH OTHER 330707 0 2500 DOW CHEM CO COM 260543103 35 1004 SH OTHER 1004 0 0 DOW CHEM CO COM 260543103 604 17285 SH OTHER 1 17285 0 0 DURECT CORP COM 266605104 893 243306 SH OTHER 243306 0 0 DURECT CORP COM 266605104 2052 559160 SH OTHER 1 275552 0 283608 EDISON INTL COM 281020107 243 4722 SH OTHER 1 4722 0 0 EL PASO CORP COM 28336L109 24197 1113015 SH OTHER 1105355 0 7660 EL PASO CORP COM 28336L109 60295 2773460 SH OTHER 1 2773460 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 27192 920527 SH OTHER 913952 0 6575 ENTERPRISE PRODS PARTNERS L COM 293792107 24059 814470 SH OTHER 1 792695 0 21775 EOG RES INC COM 26875P101 321 2450 SH OTHER 1 2450 0 0 EXXON MOBIL CORP COM 30231G102 3004 34091 SH OTHER 34091 0 0 EXXON MOBIL CORP COM 30231G102 6083 69032 SH OTHER 1 68532 0 500 FAIR ISAAC CORP NOTE 1.500% 8/1 303250AD6 991 1000000 PRN OTHER 1 1000000 0 0 FINISAR NOTE 5.250%10/1 31787AAC5 941 950000 PRN OTHER 950000 0 0 FINISAR NOTE 5.250%10/1 31787AAC5 10544 10650000 PRN OTHER 1 10650000 0 0 FISERV INC COM 337738108 15642 344765 SH OTHER 341915 0 2850 FISERV INC COM 337738108 45541 1003780 SH OTHER 1 1003780 0 0 FOREST OIL CORP COM PAR $0.01 346091705 84014 1127710 SH OTHER 1 1124110 0 3600 FOREST OIL CORP COM PAR $0.01 346091705 39912 535735 SH OTHER 532585 0 3150 FRANKLIN RES INC COM 354613101 825 9000 SH OTHER 1 9000 0 0 GENERAL ELECTRIC CO COM 369604103 1660 62201 SH OTHER 1 62201 0 0 GENERAL ELECTRIC CO COM 369604103 974 36505 SH OTHER 36505 0 0 HALLIBURTON CO COM 406216101 212 4000 SH OTHER 4000 0 0 HALLIBURTON CO COM 406216101 786 14804 SH OTHER 1 14804 0 0 HEALTHSOUTH CORP COM NEW 421924309 21547 1295648 SH OTHER 1295648 0 0 HEALTHSOUTH CORP COM NEW 421924309 44850 2696921 SH OTHER 1 2696921 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 554 4670 SH OTHER 1 4670 0 0 ITC HLDGS CORP COM 465685105 20520 401478 SH OTHER 396678 0 4800 ITC HLDGS CORP COM 465685105 24456 478492 SH OTHER 1 478492 0 0 JETBLUE AIRWAYS CORP NOTE 3.500% 7/1 477143AB7 10292 10370000 PRN OTHER 1 10370000 0 0 JETBLUE AIRWAYS CORP NOTE 3.500% 7/1 477143AB7 849 855000 PRN OTHER 855000 0 0 JOHNSON & JOHNSON COM 478160104 27265 423767 SH OTHER 422467 0 1300 JOHNSON & JOHNSON COM 478160104 58610 910943 SH OTHER 1 910943 0 0 LILLY ELI & CO COM 532457108 4734 102567 SH OTHER 101517 0 1050 LILLY ELI & CO COM 532457108 893 19354 SH OTHER 1 19354 0 0 LITHIA MTRS INC NOTE 2.875% 5/0 536797AB9 499 575000 PRN OTHER 575000 0 0 LITHIA MTRS INC NOTE 2.875% 5/0 536797AB9 5867 6763000 PRN OTHER 1 6763000 0 0 LOEWS CORP COM 540424108 298 6355 SH SOLE 6355 0 0 MAGELLAN MIDSTREAM HLDGS LP COM LP INTS 55907R108 21630 961320 SH OTHER 1 955670 0 5650 MAGELLAN MIDSTREAM HLDGS LP COM LP INTS 55907R108 23699 1053285 SH OTHER 1046985 0 6300 MAGMA DESIGN AUTOMATION NOTE 2.000% 5/1 559181AC6 2520 3000000 PRN OTHER 1 3000000 0 0 MCGRATH RENTCORP COM 580589109 148 6000 SH OTHER 1 6000 0 0 MCGRAW HILL COS INC COM 580645109 26089 650281 SH OTHER 646881 0 3400 MCGRAW HILL COS INC COM 580645109 59008 1470794 SH OTHER 1 1468394 0 2400 MEDTRONIC INC COM 585055106 25891 500302 SH OTHER 497277 0 3025 MEDTRONIC INC COM 585055106 55739 1077078 SH OTHER 1 1077078 0 0 MENTOR GRAPHICS CORP FRNT 8/0 587200AD8 662 675000 PRN OTHER 675000 0 0 MENTOR GRAPHICS CORP FRNT 8/0 587200AD8 4302 4390000 PRN OTHER 1 4390000 0 0 MERCK & CO INC COM 589331107 653 17314 SH OTHER 17314 0 0 MERCK & CO INC COM 589331107 893 23702 SH OTHER 1 23702 0 0 MICROSOFT CORP COM 594918104 330 11988 SH OTHER 11988 0 0 MICROSOFT CORP COM 594918104 765 27815 SH OTHER 1 27815 0 0 NOVADEL PHARMA INC COM 66986X106 11 47619 SH SOLE 47619 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 443 4931 SH OTHER 1 4931 0 0 OPENWAVE SYS INC NOTE 2.750% 9/0 683718AC4 295 300000 PRN SOLE 300000 0 0 PEPSICO INC COM 713448108 1136 17866 SH OTHER 17866 0 0 PEPSICO INC COM 713448108 542 8516 SH OTHER 1 8360 0 156 PETROCHINA CO LTD SPONSORED ADR 71646E100 258 2000 SH OTHER 1 2000 0 0 PFIZER INC COM 717081103 416 23848 SH OTHER 1 23548 0 300 PHILIP MORRIS INTL INC COM 718172109 215 4344 SH OTHER 4344 0 0 PHILIP MORRIS INTL INC COM 718172109 172 3483 SH OTHER 1 3483 0 0 PROCTER & GAMBLE CO COM 742718109 7733 127173 SH OTHER 124573 0 2600 PROCTER & GAMBLE CO COM 742718109 10546 173425 SH OTHER 1 173425 0 0 PRUDENTIAL FINL INC COM 744320102 50363 843035 SH OTHER 1 836235 0 6800 PRUDENTIAL FINL INC COM 744320102 22541 377320 SH OTHER 375135 0 2185 QLT INC NOTE 3.000% 9/1 746927AB8 321 325000 PRN OTHER 325000 0 0 QLT INC NOTE 3.000% 9/1 746927AB8 6690 6775000 PRN OTHER 1 6775000 0 0 QUESTAR CORP COM 748356102 12380 174275 SH OTHER 172400 0 1875 QUESTAR CORP COM 748356102 54347 765020 SH OTHER 1 765020 0 0 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 50 10780 SH SOLE 10780 0 0 REPUBLIC SVCS INC COM 760759100 17776 598516 SH OTHER 593004 0 5512 REPUBLIC SVCS INC COM 760759100 50755 1708917 SH OTHER 1 1708917 0 0 ROCKWOOD HLDGS INC COM 774415103 9506 273165 SH OTHER 271150 0 2015 ROCKWOOD HLDGS INC COM 774415103 25607 735845 SH OTHER 1 735845 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1810 22151 SH OTHER 22151 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 212 2592 SH OTHER 1 2592 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 10927 236210 SH OTHER 236210 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 5557 120119 SH OTHER 1 120119 0 0 SCHERING PLOUGH CORP COM 806605101 324 16475 SH OTHER 1 16475 0 0 SCHLUMBERGER LTD COM 806857108 15262 142066 SH OTHER 142066 0 0 SCHLUMBERGER LTD COM 806857108 33599 312753 SH OTHER 1 312753 0 0 SEMPRA ENERGY COM 816851109 17578 311395 SH OTHER 1 302395 0 9000 SEMPRA ENERGY COM 816851109 5030 89100 SH OTHER 87350 0 1750 SPDR TR UNIT SER 1 78462F103 605 4725 PRN OTHER 1 4725 0 0 STANDARD MTR PRODS INC SDCV 6.750% 7/1 853666AB1 40 44000 PRN OTHER 1 44000 0 0 SUNCOR ENERGY INC COM 867229106 288 4960 SH OTHER 1 4960 0 0 SYNTHESIS ENERGY SYS INC COM 871628103 171 18985 SH OTHER 1 12985 0 6000 TARGET CORP COM 87612E106 347 7470 SH OTHER 1 7470 0 0 TELEFLEX INC COM 879369106 17015 306075 SH OTHER 304225 0 1850 TELEFLEX INC COM 879369106 33741 606970 SH OTHER 1 606970 0 0 TIME WARNER INC COM 887317105 17618 1190425 SH OTHER 1190425 0 0 TIME WARNER INC COM 887317105 46553 3145470 SH OTHER 1 3143395 0 2075 TRIAN ACQUISITION I CORP COM 89582E108 3485 378375 SH OTHER 1 378375 0 0 TRIAN ACQUISITION I CORP UNIT 99/99/9999 89582E207 21774 2107860 SH OTHER 2091385 0 16475 TRIAN ACQUISITION I CORP *W EXP 01/23/201 89582E116 80 100000 PRN OTHER 100000 0 0 TRIAN ACQUISITION I CORP UNIT 99/99/9999 89582E207 50598 4898120 SH OTHER 1 4898120 0 0 TRIAN ACQUISITION I CORP *W EXP 01/23/201 89582E116 354 442375 PRN OTHER 1 412375 0 30000 ULTRAPETROL BAHAMAS LTD COM P94398107 277 22000 SH OTHER 1 7000 0 15000 UNION PAC CORP COM 907818108 227 3000 SH SOLE 3000 0 0 UNITED TECHNOLOGIES CORP COM 913017109 321 5200 SH OTHER 1 5200 0 0 VALEANT PHARMACEUTICALS INTL COM 91911X104 29087 1699976 SH OTHER 1688876 0 11100 VALEANT PHARMACEUTICALS INTL COM 91911X104 69826 4080994 SH OTHER 1 4078719 0 2275 VEECO INSTRS INC DEL NOTE 4.125%12/2 922417AB6 198 200000 PRN OTHER 1 200000 0 0 VERISIGN INC COM 92343E102 75636 2000960 SH OTHER 1 1995960 0 5000 VERISIGN INC COM 92343E102 37248 985410 SH OTHER 980160 0 5250 VIACOM INC NEW CL B 92553P201 2750 90030 SH OTHER 90030 0 0 VIACOM INC NEW CL B 92553P201 1550 50768 SH OTHER 1 50768 0 0 VISA INC COM CL A 92826C839 25497 313575 SH OTHER 311375 0 2200 VISA INC COM CL A 92826C839 65272 802753 SH OTHER 1 802753 0 0 WALGREEN CO COM 931422109 325 10000 SH OTHER 10000 0 0 WALGREEN CO COM 931422109 167 5134 SH OTHER 1 5134 0 0 WASTE MGMT INC DEL COM 94106L109 10082 267350 SH OTHER 267350 0 0 WASTE MGMT INC DEL COM 94106L109 12058 319750 SH OTHER 1 319750 0 0 WEBSENSE INC COM 947684106 23503 1395668 SH OTHER 1389468 0 6200 WEBSENSE INC COM 947684106 49984 2968175 SH OTHER 1 2965157 0 3018 WYETH COM 983024100 153 3200 SH OTHER 1 3200 0 0 WYETH COM 983024100 168 3512 SH OTHER 3512 0 0
-----END PRIVACY-ENHANCED MESSAGE-----