0000909518-12-000187.txt : 20120515 0000909518-12-000187.hdr.sgml : 20120515 20120515142419 ACCESSION NUMBER: 0000909518-12-000187 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ulysses ManagementLLC CENTRAL INDEX KEY: 0001510912 IRS NUMBER: 133948950 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14306 FILM NUMBER: 12843400 BUSINESS ADDRESS: STREET 1: ONE ROCKEFELLER PLAZA STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 212-455-6200 MAIL ADDRESS: STREET 1: ONE ROCKEFELLER PLAZA STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 13F-HR 1 mm05-0212ulysses_13fhr.txt FOR QTR. ENDED 03/31/12 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: Ulysses Management LLC Address: One Rockefeller Plaza, 20th Floor New York, NY 10020 Form 13F File Number: 28-14306 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: Joshua Nash Title: President Phone: (212) 455-6200 Signature, Place, and Date of Signing: Joshua Nash New York, New York May 15, 2012 ------------------- ------------------ ----------------- [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: 130 ----------- Form 13F Information Table Value Total: 464,001 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 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

ULYSSES MANAGEMENT LLC S.E.C. FORM 13F FOR QUARTER ENDED MARCH 31, 2012 ITEM 6: INVESTMENT DISCRETION ITEM 4: ITEM 5: (b) Shares ITEM 7: ITEM 8: ITEM 2: ITEM 3: Fair Shares or as Defined Managers VOTING AUTHORITY SHARES ITEM 1: Title of Cusip Market Principal in (c) Shared See Name of Issuer Class Number Value Amount (a) Sole Instr. V Other Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ENSTAR GROUP LTD SHS G3075P101 79,192 800 X X ------------------------------------------------------------------------------------------------------------------------------------ ENSTAR GROUP LTD SHS G3075P101 316,768 3,200 X X ------------------------------------------------------------------------------------------------------------------------------------ FOSTER WHEELER COM H27178104 36,416 1,600 X X ------------------------------------------------------------------------------------------------------------------------------------ FOSTER WHEELER COM H27178104 191,184 8,400 X X ------------------------------------------------------------------------------------------------------------------------------------ TE REG CONNECTIVITY SHS H84989104 58,800 1,600 X X ------------------------------------------------------------------------------------------------------------------------------------ TE REG CONNECTIVITY SHS H84989104 345,450 9,400 X X ------------------------------------------------------------------------------------------------------------------------------------ TYCO INTL. LTD SHS H89128104 112,360 2,000 X X ------------------------------------------------------------------------------------------------------------------------------------ TYCO INTL. LTD SHS H89128104 617,980 11,000 X X ------------------------------------------------------------------------------------------------------------------------------------ AV HOMES INC COM 00234P102 612,897 50,320 X X ------------------------------------------------------------------------------------------------------------------------------------ ABOVENET COM 00374N107 2,431,919 29,371 X X ------------------------------------------------------------------------------------------------------------------------------------ ABOVENET COM 00374N107 14,191,920 171,400 X X ------------------------------------------------------------------------------------------------------------------------------------ AMAZON COM INC COM 023135106 121,506 600 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ AMAZON COM INC COM 023135106 688,534 3,400 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN INTL COM GROUP NEW 026874784 2,219,760 72,000 X X ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN INTL COM GROUP NEW 026874784 12,116,190 393,000 X X ------------------------------------------------------------------------------------------------------------------------------------ ANHEUSER BUSCH INBEV SPONSORED SA/NV ADR 03524A108 2,072,520 28,500 X X ------------------------------------------------------------------------------------------------------------------------------------ ANHEUSER BUSCH INBEV SPONSORED SA/NV ADR 03524A108 9,199,080 126,500 X X ------------------------------------------------------------------------------------------------------------------------------------ AVON PRODUCTS COM 054303102 315,568 16,300 X X ------------------------------------------------------------------------------------------------------------------------------------ AVON PRODUCTS COM 054303102 1,620,432 83,700 X X ------------------------------------------------------------------------------------------------------------------------------------ BOOZ ALLEN HAMILTON HLDG CL A 099502106 185,627 10,900 X X ------------------------------------------------------------------------------------------------------------------------------------ BOOZ ALLEN HAMILTON HLDG CL A 099502106 1,006,473 59,100 X X ------------------------------------------------------------------------------------------------------------------------------------ BROADCOM CL A 111320107 31,440 800 X X ------------------------------------------------------------------------------------------------------------------------------------ BROADCOM CL A 111320107 165,060 4,200 X X ------------------------------------------------------------------------------------------------------------------------------------ CIGNA CORP COM 125509109 379,225 7,700 X X ------------------------------------------------------------------------------------------------------------------------------------ CIGNA CORP COM 125509109 2,083,275 42,300 X X ------------------------------------------------------------------------------------------------------------------------------------ CISCO SYSTEMS INC COM 17275R102 74,025 3,500 X X ------------------------------------------------------------------------------------------------------------------------------------ CISCO SYSTEMS INC COM 17275R102 370,125 17,500 X X ------------------------------------------------------------------------------------------------------------------------------------ WTS CITIGROUP *W EXP EXP 1/4/19 01/04/2019 172967226 26,365 61,300 X X ------------------------------------------------------------------------------------------------------------------------------------ WTS CITIGROUP *W EXP EXP 1/4/19 01/04/2019 172967226 137,374 319,400 X X ------------------------------------------------------------------------------------------------------------------------------------ COACH INC COM 189754104 61,824 800 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ COACH INC COM 189754104 324,576 4,200 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ COINSTAR, INC COM 19259P300 228,780 3,600 X X ------------------------------------------------------------------------------------------------------------------------------------ COINSTAR, INC COM 19259P300 1,042,220 16,400 X X ------------------------------------------------------------------------------------------------------------------------------------ COMCAST CORP. CL A CL A 20030N101 324,108 10,800 X X ------------------------------------------------------------------------------------------------------------------------------------ COMCAST CORP. CL A CL A 20030N101 1,626,542 54,200 X X ------------------------------------------------------------------------------------------------------------------------------------ COMERICA INC COM 200340107 935,204 28,900 X X ------------------------------------------------------------------------------------------------------------------------------------ COMERICA INC COM 200340107 4,290,936 132,600 X X ------------------------------------------------------------------------------------------------------------------------------------ WTS COMERICA EXP *W EXP 11/14/18 11/14/2018 200340115 574,453 68,306 X X ------------------------------------------------------------------------------------------------------------------------------------ WTS COMERICA EXP *W EXP 11/14/18 11/14/2018 200340115 2,833,329 336,900 X X ------------------------------------------------------------------------------------------------------------------------------------ CONSOL ENERGY INC. COM 20854P109 27,280 800 X X ------------------------------------------------------------------------------------------------------------------------------------ CONSOL ENERGY INC. COM 20854P109 143,220 4,200 X X ------------------------------------------------------------------------------------------------------------------------------------ CORNING INC COM 219350105 43,648 3,100 X X ------------------------------------------------------------------------------------------------------------------------------------ CORNING INC COM 219350105 237,952 16,900 X X ------------------------------------------------------------------------------------------------------------------------------------ EMC CORP MASS COM 268648102 44,820 1,500 X X ------------------------------------------------------------------------------------------------------------------------------------ EMC CORP MASS COM 268648102 253,980 8,500 X X ------------------------------------------------------------------------------------------------------------------------------------ EQT CORP COM 26884L109 43,389 900 X X ------------------------------------------------------------------------------------------------------------------------------------ EQT CORP COM 26884L109 245,871 5,100 X X ------------------------------------------------------------------------------------------------------------------------------------ EXPEDIA INC COM DEL NEW 30212P303 2,620,024 78,350 X X ------------------------------------------------------------------------------------------------------------------------------------ EXPEDIA INC COM DEL NEW 30212P303 12,558,392 375,550 X X ------------------------------------------------------------------------------------------------------------------------------------ EXXON MOBIL CORP. COM 30231G102 69,384 800 X X ------------------------------------------------------------------------------------------------------------------------------------

ULYSSES MANAGEMENT LLC S.E.C. FORM 13F FOR QUARTER ENDED MARCH 31, 2012 ITEM 6: INVESTMENT DISCRETION ITEM 4: ITEM 5: (b) Shares ITEM 7: ITEM 8: ITEM 2: ITEM 3: Fair Shares or as Defined Managers VOTING AUTHORITY SHARES ITEM 1: Title of Cusip Market Principal in (c) Shared See Name of Issuer Class Number Value Amount (a) Sole Instr. V Other Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ EXXON MOBIL CORP. COM 30231G102 364,266 4,200 X X ------------------------------------------------------------------------------------------------------------------------------------ FEDEX CORP COM 31428X106 73,568 800 X X ------------------------------------------------------------------------------------------------------------------------------------ FEDEX CORP COM 31428X106 386,232 4,200 X X ------------------------------------------------------------------------------------------------------------------------------------ FIDUS INVESTMENT CORP COM 316500107 5,466,100 390,157 X X ------------------------------------------------------------------------------------------------------------------------------------ FORD COM MOTOR PAR CO $0.01 345370860 113,523 9,100 X X ------------------------------------------------------------------------------------------------------------------------------------ FORD COM MOTOR PAR CO $0.01 345370860 634,978 50,900 X X ------------------------------------------------------------------------------------------------------------------------------------ GREEN DOT CL A CL A 39304D102 684,216 25,800 X X ------------------------------------------------------------------------------------------------------------------------------------ GREEN DOT CL A CL A 39304D102 3,606,720 136,000 X X ------------------------------------------------------------------------------------------------------------------------------------ HUDSON VALLEY HLDG CO COM 444172100 761,078 47,184 X X ------------------------------------------------------------------------------------------------------------------------------------ HUDSON VALLEY HLDG CO COM 444172100 4,135,732 256,400 X X ------------------------------------------------------------------------------------------------------------------------------------ INERGY UNIT LP LTD PTNR 456615103 50,747 3,100 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ INERGY UNIT LP LTD PTNR 456615103 276,653 16,900 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ INTEL CORP COM 458140100 87,157 3,100 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ INTEL CORP COM 458140100 475,144 16,900 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ INTERDIGITAL INC COM 45867G101 135,954 3,900 X X ------------------------------------------------------------------------------------------------------------------------------------ INTERDIGITAL INC COM 45867G101 735,546 21,100 X X ------------------------------------------------------------------------------------------------------------------------------------ ISHARES RUSSELL TR 2000 464287655 2,890,069 34,900 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ ISHARES RUSSELL TR 2000 464287655 15,742,181 190,100 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ JPMORGAN CHASE & CO COM 46625H100 179,322 3,900 X X ------------------------------------------------------------------------------------------------------------------------------------ JPMORGAN CHASE & CO COM 46625H100 970,178 21,100 X X ------------------------------------------------------------------------------------------------------------------------------------ JOHNSON & JOHNSON COM 478160104 2,170,084 32,900 X X ------------------------------------------------------------------------------------------------------------------------------------ JOHNSON & JOHNSON COM 478160104 9,372,916 142,100 X X ------------------------------------------------------------------------------------------------------------------------------------ LEAR CORP COM NEW 521865204 55,788 1,200 X X ------------------------------------------------------------------------------------------------------------------------------------ LEAR CORP COM NEW 521865204 292,887 6,300 X X ------------------------------------------------------------------------------------------------------------------------------------ MARATHON PETE CORP COM 56585A102 127,912 2,950 X X ------------------------------------------------------------------------------------------------------------------------------------ MARATHON PETE CORP COM 56585A102 685,088 15,800 X X ------------------------------------------------------------------------------------------------------------------------------------ MKT GOLD VECTORS MINER GLD ETF 57060U100 193,206 3,900 X X ------------------------------------------------------------------------------------------------------------------------------------ MKT GOLD VECTORS MINER GLD ETF 57060U100 1,045,294 21,100 X X ------------------------------------------------------------------------------------------------------------------------------------ MICROSOFT CORP COM 594918104 4,551,181 141,100 X X ------------------------------------------------------------------------------------------------------------------------------------ MICROSOFT CORP COM 594918104 18,543,400 574,900 X X ------------------------------------------------------------------------------------------------------------------------------------ MOVE INC COM NEW 62458M207 486,471 50,100 X X ------------------------------------------------------------------------------------------------------------------------------------ MOVE INC COM NEW 62458M207 2,402,254 247,400 X X ------------------------------------------------------------------------------------------------------------------------------------ NETAPP INC COM 64110D104 35,816 800 X X ------------------------------------------------------------------------------------------------------------------------------------ NETAPP INC COM 64110D104 188,034 4,200 X X ------------------------------------------------------------------------------------------------------------------------------------ NORTH VALLEY COM BANCORP NEW 66304M204 793,387 64,503 X X ------------------------------------------------------------------------------------------------------------------------------------ NORTH VALLEY COM BANCORP NEW 66304M204 3,243,510 263,700 X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE CORP COM 68389X105 102,060 3,500 X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE CORP COM 68389X105 524,880 18,000 X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE CORP COM 68389X105 102,060 3,500 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ ORACLE CORP COM 68389X105 524,880 18,000 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ OWENS CORNING NEW COM 690742101 75,663 2,100 X X ------------------------------------------------------------------------------------------------------------------------------------ OWENS CORNING NEW COM 690742101 374,712 10,400 X X ------------------------------------------------------------------------------------------------------------------------------------ PEPSICO INC COM 713448108 159,240 2,400 X X ------------------------------------------------------------------------------------------------------------------------------------ PEPSICO INC COM 713448108 836,010 12,600 X X ------------------------------------------------------------------------------------------------------------------------------------ POWERSHARES UNIT QQQ SER TR 1 73935A104 4,188,100 62,000 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ POWERSHARES UNIT QQQ SER TR 1 73935A104 22,831,900 338,000 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ PREFERRED COM BANK LA NEW 740367404 292,144 24,800 X X ------------------------------------------------------------------------------------------------------------------------------------ PREFERRED COM BANK LA NEW 740367404 1,474,856 125,200 X X ------------------------------------------------------------------------------------------------------------------------------------ QUALCOMM INC COM 747525103 108,896 1,600 X X ------------------------------------------------------------------------------------------------------------------------------------ QUALCOMM INC COM 747525103 571,704 8,400 X X ------------------------------------------------------------------------------------------------------------------------------------

ULYSSES MANAGEMENT LLC S.E.C. FORM 13F FOR QUARTER ENDED MARCH 31, 2012 ITEM 6: INVESTMENT DISCRETION ITEM 4: ITEM 5: (b) Shares ITEM 7: ITEM 8: ITEM 2: ITEM 3: Fair Shares or as Defined Managers VOTING AUTHORITY SHARES ITEM 1: Title of Cusip Market Principal in (c) Shared See Name of Issuer Class Number Value Amount (a) Sole Instr. V Other Instr. V (a) Sole (b) Shared (c) None ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ RESEARCH IN MOTION LTD COM 760975102 8,820 600 X X ------------------------------------------------------------------------------------------------------------------------------------ RESEARCH IN MOTION LTD COM 760975102 42,630 2,900 X X ------------------------------------------------------------------------------------------------------------------------------------ ROCKWOOD HOLDINGS INC COM 774415103 62,580 1,200 X X ------------------------------------------------------------------------------------------------------------------------------------ ROCKWOOD HOLDINGS INC COM 774415103 328,545 6,300 X X ------------------------------------------------------------------------------------------------------------------------------------ SPDR S&P 500 ETF TR TR UNIT 78462F103 33,695,833 239,300 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ SPDR S&P 500 ETF TR TR UNIT 78462F103 183,855,617 1,305,700 PUT X X ------------------------------------------------------------------------------------------------------------------------------------ SHUTTERFLY INC COM 82568P304 2,136,706 68,200 X X ------------------------------------------------------------------------------------------------------------------------------------ SHUTTERFLY INC COM 82568P304 11,100,219 354,300 X X ------------------------------------------------------------------------------------------------------------------------------------ SONUS NETWORKS INC COM 835916107 245,920 84,800 X X ------------------------------------------------------------------------------------------------------------------------------------ SONUS NETWORKS INC COM 835916107 1,059,080 365,200 X X ------------------------------------------------------------------------------------------------------------------------------------ STANLEY BLACK & DECKER INC COM 854502101 46,176 600 X X ------------------------------------------------------------------------------------------------------------------------------------ STANLEY BLACK & DECKER INC COM 854502101 261,664 3,400 X X ------------------------------------------------------------------------------------------------------------------------------------ STAPLES INC COM 855030102 111,711 6,900 X X ------------------------------------------------------------------------------------------------------------------------------------ STAPLES INC COM 855030102 535,889 33,100 X X ------------------------------------------------------------------------------------------------------------------------------------ STRYKER CORP. COM 863667101 44,384 800 X X ------------------------------------------------------------------------------------------------------------------------------------ STRYKER CORP. COM 863667101 233,016 4,200 X X ------------------------------------------------------------------------------------------------------------------------------------ TARGET CORP COM 87612E106 180,637 3,100 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ TARGET CORP COM 87612E106 984,763 16,900 CALL X X ------------------------------------------------------------------------------------------------------------------------------------ TRIPADVISOR INC COM 896945201 934,554 26,200 X X ------------------------------------------------------------------------------------------------------------------------------------ TRIPADVISOR INC COM 896945201 3,568,784 100,050 X X ------------------------------------------------------------------------------------------------------------------------------------ URS CORP NEW COM 903236107 46,772 1,100 X X ------------------------------------------------------------------------------------------------------------------------------------ URS CORP NEW COM 903236107 272,128 6,400 X X ------------------------------------------------------------------------------------------------------------------------------------ VODAFONE SPONS GROUP ADR PLC NEW 92857W209 3,148,846 113,800 X X ------------------------------------------------------------------------------------------------------------------------------------ VODAFONE SPONS GROUP ADR PLC NEW 92857W209 15,279,374 552,200 X X ------------------------------------------------------------------------------------------------------------------------------------ WAL MART STORES INC COM 931142103 159,120 2,600 X X ------------------------------------------------------------------------------------------------------------------------------------ WAL MART STORES INC COM 931142103 605,880 9,900 X X ------------------------------------------------------------------------------------------------------------------------------------ WESCO INTL INC COM 95082P105 52,248 800 X X ------------------------------------------------------------------------------------------------------------------------------------ WESCO INTL INC COM 95082P105 274,302 4,200 X X ------------------------------------------------------------------------------------------------------------------------------------ WEST COAST BANCORP COM OREGON NEW 952145209 2,447,737 129,373 X X ------------------------------------------------------------------------------------------------------------------------------------ WEST COAST BANCORP COM OREGON NEW 952145209 7,815,701 413,092 X X ------------------------------------------------------------------------------------------------------------------------------------