0000902664-11-001367.txt : 20110815 0000902664-11-001367.hdr.sgml : 20110815 20110815162201 ACCESSION NUMBER: 0000902664-11-001367 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: Empyrean Capital Partners, LP CENTRAL INDEX KEY: 0001317195 IRS NUMBER: 522403815 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11141 FILM NUMBER: 111036672 BUSINESS ADDRESS: STREET 1: 10250 CONSTELLATION BOULEVARD STREET 2: SUITE 2950 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: (310)843-9900 MAIL ADDRESS: STREET 1: 10250 CONSTELLATION BOULEVARD STREET 2: SUITE 2950 CITY: LOS ANGELES STATE: CA ZIP: 90067 13F-HR 1 p11-1446sc13fhr.txt EMPYREAN CAPITAL PARTNERS, 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: Empyrean Capital Partners, LP ------------------------------ Address: 10250 Constellation Boulevard ------------------------------ Suite 2950 ------------------------------ Los Angeles, California 90067 ------------------------------ Form 13F File Number: 028-11141 --------- 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Tony Hynes ------------------------ Title: Chief Financial Officer ------------------------ Phone: 310-843-3060 ------------------------ Signature, Place, and Date of Signing: /s/ Tony Hynes Los Angeles, California 8/15/2011 --------------------------------- ------------------------------- ----------- [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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 64 Form 13F Information Table Value Total: $ 2,555,382 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 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

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 ---------------------------- ---------------- --------- -------- ---------- ---- ---- ---------- -------- ---------- ------ ---- ACTUANT CORP SDCV 2.672%11/1 00508XAB0 14,067 10,307,000 PRN SOLE 10,307,000 0 0 BALLY TECHNOLOGIES INC COM 05874B107 73,207 1,799,592 SH SOLE 1,799,592 0 0 BANK OF AMERICA CORPORATION COM 060505104 47,676 4,350,000 SH SOLE 4,350,000 0 0 BOSTON PRIVATE FINL HLDGS IN *W EXP 11/21/201 101119113 660 307,780 SH SOLE 307,780 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 47,073 1,300,000 SH SOLE 1,300,000 0 0 CHARLES RIV LABS INTL INC COM 159864107 95,173 2,341,290 SH SOLE 2,341,290 0 0 CHINA MED TECHNOLOGIES INC SPONSORED ADR 169483104 8,134 1,055,000 SH SOLE 1,055,000 0 0 CHINA MED TECHNOLOGIES INC NOTE 6.250%12/1 169483AE4 738 1,000,000 PRN SOLE 1,000,000 0 0 COMPUTER SCIENCES CORP COM 205363104 18,980 500,000 SH CALL SOLE 500,000 0 0 COMTECH TELECOMMUNICATIONS C NOTE 3.000% 5/0 205826AF7 5,763 5,470,000 PRN SOLE 5,470,000 0 0 CORELOGIC INC COM 21871D103 4,043 241,977 SH SOLE 241,977 0 0 CROWN CASTLE INTL CORP COM 228227104 20,395 500,000 SH SOLE 500,000 0 0 DIODES INC NOTE 2.250%10/0 254543AA9 1,993 2,000,000 PRN SOLE 2,000,000 0 0 DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 49,478 1,353,700 SH SOLE 1,353,700 0 0 DOLLAR FINL CORP NOTE 2.875% 6/3 256664AB9 7,666 7,130,000 PRN SOLE 7,130,000 0 0 E TRADE FINANCIAL CORP COM NEW 269246401 101,236 7,335,944 SH SOLE 7,335,944 0 0 EXCO RESOURCES INC COM 269279402 77,644 4,399,100 SH SOLE 4,399,100 0 0 FIRST AMERN FINL CORP COM 31847R102 3,787 241,977 SH SOLE 241,977 0 0 GEN-PROBE INC NEW COM 36866T103 69,150 1,000,000 SH CALL SOLE 1,000,000 0 0 GEN-PROBE INC NEW COM 36866T103 60,161 870,000 SH SOLE 870,000 0 0 GLOBAL EAGLE ACQUISITION COR COM 37951D102 11,400 1,200,000 SH SOLE 1,200,000 0 0 GLOBAL EAGLE ACQUISITION COR *W EXP 05/13/201 37951D110 720 1,200,000 SH SOLE 1,200,000 0 0 GREATBATCH INC SDCV 2.250% 6/1 39153LAB2 10,072 10,000,000 PRN SOLE 10,000,000 0 0 HEALTH CARE REIT INC DEBT 4.750% 7/1 42217KAQ9 12,790 11,355,000 PRN SOLE 11,355,000 0 0 INTERPUBLIC GROUP COS INC NOTE 4.250% 3/1 460690BA7 17,126 15,000,000 PRN SOLE 15,000,000 0 0 ISHARES TR DJ US REAL EST 464287739 45,225 750,000 SH PUT SOLE 750,000 0 0 ISHARES TR RUSSELL 2000 464287655 41,400 500,000 SH PUT SOLE 500,000 0 0 JINKOSOLAR HLDG CO LTD NOTE 4.000% 5/1 47759TAA8 2,718 3,000,000 PRN SOLE 3,000,000 0 0 KULICKE & SOFFA INDS INC COM 501242101 544 48,800 SH SOLE 48,800 0 0 LDK SOLAR CO LTD NOTE 4.750% 4/1 50183LAD9 12,249 13,300,000 PRN SOLE 13,300,000 0 0 LIBERTY MEDIA CORP DEB 3.500% 1/1 530715AN1 18,237 33,500,000 PRN SOLE 33,500,000 0 0 LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 11,437 20,613,000 PRN SOLE 20,613,000 0 0 LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 1,151 2,000,000 PRN SOLE 2,000,000 0 0 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 50,780 3,028,000 SH SOLE 3,028,000 0 0 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 42,875 500,000 SH SOLE 500,000 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 27,295 500,000 SH CALL SOLE 500,000 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 10,918 200,000 SH SOLE 200,000 0 0 MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 15,568 11,578,000 PRN SOLE 11,578,000 0 0 MICRON TECHNOLOGY INC NOTE 1.875% 6/0 595112AH6 9,746 10,000,000 PRN SOLE 10,000,000 0 0 MONSANTO CO NEW COM 61166W101 101,556 1,400,000 SH CALL SOLE 1,400,000 0 0 NATIONAL SEMICONDUCTOR CORP COM 637640103 49,220 2,000,000 SH CALL SOLE 2,000,000 0 0 NUVASIVE INC NOTE 2.250% 3/1 670704AB1 14,609 13,972,000 PRN SOLE 13,972,000 0 0 OCWEN FINL CORP COM NEW 675746309 62,638 4,908,905 SH SOLE 4,908,905 0 0 OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 12,388 81,500 SH SOLE 81,500 0 0 ON SEMICONDUCTOR CORP NOTE 1.875%12/1 682189AD7 30,319 19,500,000 PRN SOLE 19,500,000 0 0 ON SEMICONDUCTOR CORP NOTE 4/1 682189AE5 8,673 7,500,000 PRN SOLE 7,500,000 0 0 POPULAR INC COM 733174106 85,424 30,950,660 SH SOLE 30,950,660 0 0 QUICKSILVER RESOURCES INC DBCV 1.875%11/0 74837RAB0 24,835 23,388,000 PRN SOLE 23,388,000 0 0 RF MICRODEVICES INC NOTE 1.000% 4/1 749941AJ9 23,801 22,324,000 PRN SOLE 22,324,000 0 0 SEARS HLDGS CORP COM 812350106 60,360 844,908 SH SOLE 844,908 0 0 SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 74,480 2,000,000 SH PUT SOLE 2,000,000 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 19,188 1,250,000 SH PUT SOLE 1,250,000 0 0 SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 23,773 315,500 SH SOLE 315,500 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 87,601 600,000 SH SOLE 600,000 0 0 SPDR SERIES TRUST S&P RETAIL ETF 78464A714 42,704 800,000 SH PUT SOLE 800,000 0 0 SPDR SERIES TRUST S&P OILGAS EXP 78464A730 9,328 158,700 SH SOLE 158,700 0 0 SUNPOWER CORP DBCV 4.500% 3/1 867652AE9 23,226 21,300,000 PRN SOLE 21,300,000 0 0 TFS FINL CORP COM 87240R107 48,400 5,000,000 SH SOLE 5,000,000 0 0 TYCO INTERNATIONAL LTD SHS H89128104 118,632 2,400,000 SH SOLE 2,400,000 0 0 VERIFONE SYS INC COM 92342Y109 22,175 500,000 SH SOLE 500,000 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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- VISA INC COM CL A 92826C839 476,069 5,650,000 SH CALL SOLE 5,650,000 0 0 VISA INC COM CL A 92826C839 15,782 187,300 SH PUT SOLE 187,300 0 0 VISTEON CORP COM NEW 92839U206 65,228 953,482 SH SOLE 953,482 0 0 WEBMD HEALTH CORP COM 94770V102 5,698 125,000 SH SOLE 125,000 0 0