0001104186-12-000003.txt : 20120515 0001104186-12-000003.hdr.sgml : 20120515 20120515170407 ACCESSION NUMBER: 0001104186-12-000003 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: MASTERS CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001104186 IRS NUMBER: 582440923 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05511 FILM NUMBER: 12845786 BUSINESS ADDRESS: STREET 1: 3060 PEACHTREE ROAD NW STREET 2: SUITE 1425 CITY: ATLANTA STATE: GA ZIP: 30305 BUSINESS PHONE: 4043642019 MAIL ADDRESS: STREET 1: 3060 PEACHTREE ROAD NW STREET 2: SUITE 1425 CITY: ATLANTA STATE: GA ZIP: 30305 13F-HR 1 t13f-0312.txt FORM 13F - HOLDINGS REPORT Data Field Information: TYPE 13F-HR PERIOD 03/31/12 FILER CIK 0001104186 CCC mezun#8z SUBMISSION-CONTACT NAME Michelle Dobbins PHONE 404-760-3427 UNITED STATES SECRITIES 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: Masters Capital Mgmt, LLC Address: 3060 Peachtree Road NW, Ste 1425 Atlanta, GA 30305 13F File Number: 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. Person Signing this Report on Behalf of Reporting Manager: Name: Mike Masters Title: Managing Member Phone: 404-364-2019 Signature, Place, and Date of Signing: Mike Masters Atlanta, GA May 15, 2012 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 50 Form 13F Information Table Value Total: 721,327 FORM 13F INFORMATION TABLE TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN SOLE SHARED NONE CREDIT SUISSE GROUP SPONSORED ADR 225401108 14,092 494,300 SH CALL SOLE 494,300 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 14,326 502,500 SH CALL SOLE 502,500 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 28,510 1,000,000 SH CALL SOLE 1,000,000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 4,958 500,000 SH CALL SOLE 500,000 0 0 DELTA AIR LINES INC DEL COM NEW 247361702 14,873 1,500,000 SH SOLE 1,500,000 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V118 716 43,058 SH SOLE 43,058 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V126 482 43,058 SH SOLE 43,058 0 0 GENWORTH FINL INC COM CL A 37247D106 10,400 1,250,000 SH SOLE 1,250,000 0 0 GEORGIA GULF CORP COM PAR$0.01 NEW 373200302 5,790 166,000 SH SOLE 166,000 0 0 HALLIBURTON CO COM 406216101 16,595 500,000 SH CALL SOLE 500,000 0 0 HALLIBURTON CO COM 406216101 16,595 500,000 SH CALL SOLE 500,000 0 0 HARRIS & HARRIS GROUP INC COM 413833104 3,850 927,800 SH SOLE 927,800 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 8,432 400,000 SH CALL SOLE 400,000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 31,620 1,500,000 SH CALL SOLE 1,500,000 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 5,270 250,000 SH SOLE 250,000 0 0 INTEL CORP COM 458140100 14,058 500,000 SH CALL SOLE 500,000 0 0 METLIFE INC COM 59156R108 9,338 250,000 SH CALL SOLE 250,000 0 0 MGIC INVT CORP WIS COM 552848103 4,960 1,000,000 SH SOLE 1,000,000 0 0 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 9,960 2,000,000 SH SOLE 2,000,000 0 0 MORGAN STANLEY COM NEW 617446448 19,640 1,000,000 SH CALL SOLE 1,000,000 0 0 MORGAN STANLEY COM NEW 617446448 39,280 2,000,000 SH CALL SOLE 2,000,000 0 0 NEOPHOTONICS CORP COM 64051T100 7,686 1,625,000 SH SOLE 1,625,000 0 0 NETQIN MOBILE INC ADR REPR CL A 64118U108 1,330 125,000 SH SOLE 125,000 0 0 OPENTABLE INC COM 68372A104 13,153 325,000 SH CALL SOLE 325,000 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 884 70,000 SH CALL SOLE 70,000 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 1,263 100,000 SH CALL SOLE 100,000 0 0 OVERSEAS SHIPHOLDING GROUP I COM 690368105 6,315 500,000 SH CALL SOLE 500,000 0 0 PRECISION DRILLING CORP COM 2010 74022D308 10,030 1,000,000 SH SOLE 1,000,000 0 0 TESLA MTRS INC COM 88160R101 13,034 350,000 SH SOLE 350,000 0 0 TRANSOCEAN LTD REG SHS H8817H100 38,646 706,500 SH CALL SOLE 706,500 0 0 TRINITY INDS INC COM 896522109 12,192 370,000 SH CALL SOLE 370,000 0 0 TRINITY INDS INC COM 896522109 13,839 420,000 SH CALL SOLE 420,000 0 0 TRINITY INDS INC COM 896522109 3,295 100,000 SH SOLE 100,000 0 0 U S AIRWAYS GROUP INC COM 90341W108 3,795 500,000 SH CALL SOLE 500,000 0 0 U S AIRWAYS GROUP INC COM 90341W108 18,975 2,500,000 SH SOLE 2,500,000 0 0 U S SILICA HLDGS INC COM 90346E103 2,060 98,400 SH SOLE 98,400 0 0 UNION PAC CORP COM 907818108 22,571 210,000 SH CALL SOLE 210,000 0 0 UNION PAC CORP COM 907818108 78,460 730,000 SH CALL SOLE 730,000 0 0 UNITED CONTL HLDGS INC COM 910047109 21,500 1,000,000 SH CALL SOLE 1,000,000 0 0 UNITED CONTL HLDGS INC COM 910047109 21,500 1,000,000 SH CALL SOLE 1,000,000 0 0 VALERO ENERGY CORP NEW COM 91913Y100 12,885 500,000 SH CALL SOLE 500,000 0 0 VALERO ENERGY CORP NEW COM 91913Y100 19,389 752,400 SH CALL SOLE 752,400 0 0 VALERO ENERGY CORP NEW COM 91913Y100 25,770 1,000,000 SH CALL SOLE 1,000,000 0 0 VALERO ENERGY CORP NEW COM 91913Y100 25,770 1,000,000 SH CALL SOLE 1,000,000 0 0 VALERO ENERGY CORP NEW COM 91913Y100 12,885 500,000 SH SOLE 500,000 0 0 VULCAN MATLS CO COM 929160109 10,683 250,000 SH CALL SOLE 250,000 0 0 VULCAN MATLS CO COM 929160109 10,683 250,000 SH SOLE 250,000 0 0 WELLS FARGO & CO NEW COM 949746101 17,070 500,000 SH CALL SOLE 500,000 0 0 WEYERHAEUSER CO COM 962166104 10,960 500,000 SH CALL SOLE 500,000 0 0 WEYERHAEUSER CO COM 962166104 10,960 500,000 SH CALL SOLE 500,000 0 0