0001341004-12-000728.txt : 20120511 0001341004-12-000728.hdr.sgml : 20120511 20120511160354 ACCESSION NUMBER: 0001341004-12-000728 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120511 DATE AS OF CHANGE: 20120511 EFFECTIVENESS DATE: 20120511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRICE MICHAEL F CENTRAL INDEX KEY: 0000918537 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13081 FILM NUMBER: 12834610 MAIL ADDRESS: STREET 1: C/O MFP INVESTORS LLC STREET 2: 667 MADISON AVE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 13F-HR 1 form13f-hr.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: March 31, 2012 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: Michael F. Price Address: c/o MFP Investors LLC 667 Madison Ave. 25th Floor New York, New York 10065 13F File Number: 28-13081 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: Michael F. Price Title: Investment Manager Phone: (212) 752-7280 Signature, Place, and Date of Signing: /s/ Michael F. Price New York, NY 5/11/12 ------------------------- ------------- ------- [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: 1 -- Form 13F Information Table Entry Total: 100 --- Form 13F Information Table Value Total: $702,970 ----------- (thousands) List of Other Included Managers: 1 MFP Investors LLC 2 5

INVEST- MENT OTHER VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ DISCRE- MANA- ------------------------------ NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL TION GERS SOLE SHARED NONE ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Ingersoll-Rand PLC SHS G47791101 3,308 80,000 SH SOLE 1 80,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- TYCO International Ltd. SHS H89128104 1,756 31,250 SH SOLE 31,250 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- AbitibiBowater, Inc. COM NEW 003687209 3,392 237,500 SH SOLE 1 237,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Alleghany Corp. COM 017175100 28,975 88,044 SH SOLE 1 88,044 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- American River Bankshares COM 029326105 1,651 209,008 SH SOLE 1 209,008 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- BRT Realty Trust SH BEN 055645303 1,177 168,369 SH SOLE 1 168,369 INT NEW ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- The Bancorp Bank COM 05969F104 2,168 215,900 SH SOLE 1 215,900 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Bank of America Corporation COM 060505104 3,082 322,027 SH SOLE 1 322,027 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Becton, Dickinson & Co. COM 075887109 18,830 242,500 SH SOLE 1 242,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Big 5 Sporting Goods Corp. COM 08915P101 2,771 353,414 SH SOLE 1 353,414 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Boeing Co. COM 097023105 1,487 20,000 SH SOLE 20,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Boston Scientific Corp. COM 101137107 1,495 250,000 SH SOLE 1 250,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Bridgepoint Ed Inc. COM 10807M105 5,200 210,100 SH SOLE 1 210,100 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- CIT Group Inc. COM NEW 125581801 11,857 287,500 SH SOLE 1 287,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- CNO Financial Group Inc. COM 12621E103 4,303 553,094 SH SOLE 1 553,094 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Cache, Inc. COM NEW 127150308 15,426 2,203,749 SH SOLE 1 2,203,749 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Cape Bancorp Inc. COM 139209100 1,700 213,000 SH SOLE 1 213,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- CapitalSource Inc. COM 14055X102 165 25,000 SH SOLE 25,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Capitol Federal Financial Inc. COM 14057J101 2,554 215,000 SH SOLE 1 215,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Castle A M & Co. COM 148411101 147 11,607 SH SOLE 1 11,607 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Charming Shoppes, Inc. COM 161133103 4,371 740,841 SH SOLE 1 740,841 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Citigroup Inc. COM NEW 172967101 25,638 701,454 SH SOLE 1 701,454 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- ConocoPhillips COM 20825C104 26,337 346,500 SH SOLE 1 346,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Cott Corp COM 22163N106 8,863 1,344,903 SH SOLE 1 1,344,903 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Courier Corporation COM 222660102 406 35,000 SH SOLE 1 35,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Cubist Pharmaceuticals Inc. COM 229678107 7,893 182,500 SH SOLE 1 182,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Destination Maternity Corp. COM 25065D100 6,827 367,620 SH SOLE 1 367,620 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Duckwall-Alco Stores, Inc. COM 264142100 2,368 264,919 SH SOLE 1 264,919 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- El Paso Corporation COM 28336L109 11,820 400,000 SH SOLE 1 400,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Elan plc ADR 284131208 14,034 935,000 SH SOLE 1 935,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Enzon Pharmaceuticals Inc. COM 293904108 5,164 755,000 SH SOLE 1 755,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Exelis Inc COM 30162A108 5,359 428,000 SH SOLE 1 428,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Exxon Mobil Corp. COM 30231G102 1,041 12,000 SH SOLE 12,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Farmer Bros Co. COM 307675108 3,668 336,833 SH SOLE 1 336,833 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- First Conn Bancorp Inc. COM 319850103 639 48,460 SH SOLE 1 48,460 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Forest City Enterprises Inc. CL A 345550107 15,660 1,000,000 SH SOLE 1 1,000,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Franklin Financial Corp VA COM 35353C102 9,586 713,798 SH SOLE 1 713,798 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- GAMCO Investors Inc. COM 361438104 3,582 72,200 SH SOLE 1 72,200 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Gencorp Inc. COM 368682100 5,423 763,794 SH SOLE 1 763,794 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- General Electric Co. COM 369604103 1,505 75,000 SH SOLE 75,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Getty Realty Corp. COM 374297109 564 36,218 SH SOLE 36,218 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Gold Reserve Inc NOTE 38068NAB4 96 113,000 PRIN SOLE 1 113,000 5.500% 6/1 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Goldman Sachs Group Inc. COM 38141G104 4,975 40,000 SH SOLE 1 40,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Goodrich Corp. COM 382388106 18,816 150,000 SH SOLE 1 150,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Great Florida Bk Miami Lakes Fla CL A 390528107 11 28,469 SH SOLE 28,469 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- GulfMark Offshore, Inc. CL A NEW 402629208 21,601 470,000 SH SOLE 1 470,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Gyrodyne Co. America Inc. COM 403820103 3,493 34,945 SH SOLE 1 34,945 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Hardinge, Inc. COM 412324303 3,054 322,793 SH SOLE 1 322,793 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Harris Corp Del COM 413875105 16,680 370,000 SH SOLE 1 370,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Heritage Commerce Corp. COM 426927109 8,230 1,280,000 SH SOLE 1 1,280,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Heritage Oaks Bancorp COM 42724R107 5,940 1,167,046 SH SOLE 1 1,167,046 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Hewlett Packard Co COM 428236103 13,107 550,000 SH SOLE 1 550,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Hilltop Holdings, Inc. COM 432748101 2,497 297,600 SH SOLE 1 297,600 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Hospira Inc. COM 441060100 8,880 237,500 SH SOLE 1 237,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Hudson City Bancorp COM 443683107 9,305 1,272,000 SH SOLE 1 1,272,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Huntsman Corp. COM 447011107 5,324 380,000 SH SOLE 1 380,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- ITT Corp New COM NEW 450911201 5,908 257,550 SH SOLE 1 257,550 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Intel Corp. COM 458140100 30,224 1,075,000 SH SOLE 1 1,075,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Janus Capital Group Inc. COM 47102X105 13,099 1,470,100 SH SOLE 1 1,470,100 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Johnson & Johnson COM 478160104 2,968 45,000 SH SOLE 45,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Johnson Outdoors Inc. CL A 479167108 7,271 380,666 SH SOLE 1 380,666 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Kaiser Aluminum Corp. COM PAR 483007704 14,367 304,002 SH SOLE 1 304,002 $0.01 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Kemper Corp. COM 488401100 4,073 134,504 SH SOLE 1 134,504 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- LHC Group Inc COM 50187A107 352 19,000 SH SOLE 1 19,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Lincare Holdings Inc. COM 532791100 5,694 220,000 SH SOLE 1 220,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Lydall Inc. COM 550819106 475 46,600 SH SOLE 1 46,600 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- MVC Capital Inc. COM 553829102 2,185 166,400 SH SOLE 1 166,400 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Marlin Business Services Corp. COM 571157106 2,004 133,044 SH SOLE 1 133,044 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- McGraw Hill Companies Inc. COM 580645109 24,235 500,000 SH SOLE 1 500,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Medco Health Solutions Inc COM 58405U102 8,788 125,000 SH SOLE 1 125,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- National Fuel Gas Co N J COM 636180101 4,749 98,700 SH SOLE 1 98,700 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Old Republic Intl Corp. COM 680223104 223 21,093 SH SOLE 21,093 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- OmniAmerican Bancorp Inc COM 68216R107 5,808 300,000 SH SOLE 1 300,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- One Liberty Properties Inc COM 682406103 2,853 155,876 SH SOLE 1 155,876 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Peapack-Gladstone Financial Corp. COM 704699107 72 5,329 SH SOLE 5,329 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Penny JC Inc. COM 708160106 19,487 550,000 SH SOLE 1 550,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Pfizer Inc. COM 717081103 15,899 702,100 SH SOLE 1 702,100 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Presidential Life Corp. COM 740884101 1,837 160,700 SH SOLE 1 160,700 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Prudential Bancorp Inc. PA COM 744319104 511 95,200 SH SOLE 1 95,200 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Quanex Building Products COM 747619104 1,807 102,500 SH SOLE 1 102,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Quantum Corp COM 747906204 524 200,000 SH SOLE 1 200,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Regions Financial Corp. COM 7591EP100 1,648 250,000 SH SOLE 1 250,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Rowan Companies, Inc. COM 779382100 922 27,985 SH SOLE 27,985 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Royal Dutch Shell PLC Spon ADR A 780259206 1,038 14,800 SH SOLE 14,800 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Ruths Hospitality Group Inc. COM 783332109 16,647 2,193,267 SH SOLE 1 2,193,267 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Safeguard Scientifics, Inc. COM NEW 786449207 1,902 110,606 SH SOLE 1 110,606 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Sanofi RIGHT 80105N113 5,940 4,400,000 SH SOLE 1 4,400,000 12/31/2020 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- SeaChange Intl Inc. COM 811699107 1,961 252,000 SH SOLE 1 252,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Seacor Holdings Inc. COM 811904101 393 4,100 SH SOLE 1 4,100 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Smart Technologies Inc CL A SUB 83172R108 624 210,000 SH SOLE 1 210,000 VTG ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- SunCoke Energy Inc. COM 86722A103 905 63,655 SH SOLE 1 63,655 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Symetra Financial Corp. COM 87151Q106 20,639 1,790,000 SH SOLE 1 1,790,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Syms Corp. COM 871551107 3,027 278,994 SH SOLE 1 278,994 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Tejon Ranch Co. COM 879080109 14,947 521,900 SH SOLE 1 521,900 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Verifone Systems Inc. COM 92342Y109 6,354 122,500 SH SOLE 1 122,500 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Visteon Corporation COM NEW 92839U206 5,300 100,000 SH SOLE 1 100,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- West Coast Bancorp Ore. New COM 952145100 32,314 1,707,000 SH SOLE 1 1,707,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Wilshire Bancorp COM 97186T108 3,864 800,000 SH SOLE 1 800,000 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Wright Medical Group Inc. COM 98235T107 12,073 624,900 SH SOLE 1 624,900 ------------------------ ----------- --------- -------- --------- ---- ---- ------- ----- ---------------- ------ ---- Xylem Inc. COM 98419M100 2,858 103,000 SH SOLE 103,000