13F-HR/A 1 ostma14q06.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: December 31,2006 Check here if Amendment [ X ]; Amendment Number: 1 This Amendment (Check only one.): [ X ] 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 February 09, 2007 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: 236 Form13F Information Table Value Total: $2,462,711 (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 1890 24254 SH OTHER 01 24254 0 0 3M CO COM 88579Y101 791 10150 SH OTHER 10150 0 0 A D C TELECOMMUNICATIONS FRNT 6/1 000886AB7 2391 2500000 PRN OTHER 01 2500000 0 0 ABBOTT LABS COM 002824100 1364 28000 SH OTHER 28000 0 0 ABBOTT LABS COM 002824100 533 10933 SH OTHER 01 10933 0 0 ACE LTD ORD G0070K103 339 5600 SH OTHER 01 5600 0 0 ACUITY BRANDS INC COM 00508Y102 416 8000 SH OTHER 01 8000 0 0 ADVENT SOFTWARE INC COM 007974108 214 6050 SH OTHER 01 6050 0 0 AFLAC INC COM 001055102 290 6300 SH OTHER 01 6300 0 0 AGERE SYS INC NOTE 6.500%12/1 00845VAA8 1119 1100000 PRN OTHER 01 1100000 0 0 AIRTRAN HLDGS INC COM 00949P108 1646 140200 SH OTHER 136150 0 4050 AIRTRAN HLDGS INC COM 00949P108 2118 180425 SH OTHER 01 180425 0 0 ALESCO FINL INC COM 014485106 28287 2643650 SH OTHER 01 2643650 0 0 ALESCO FINL INC COM 014485106 8934 834975 SH OTHER 828250 0 6725 ALTRIA GROUP INC COM 02209S103 353 4115 SH OTHER 4115 0 0 ALTRIA GROUP INC COM 02209S103 623 7261 SH OTHER 01 7261 0 0 AMERICAN COMMERCIAL LINES COM NEW 025195207 328 5000 SH OTHER 01 5000 0 0 AMERICAN EXPRESS CO COM 025816109 384 6325 SH OTHER 6325 0 0 AMERICAN EXPRESS CO COM 025816109 351 5788 SH OTHER 01 5788 0 0 AMERICAN INTL GROUP INC COM 026874107 4089 57053 SH OTHER 01 57053 0 0 AMERICAN TOWER CORP NOTE 5.000% 2/1 029912AF9 100 100000 PRN OTHER 100000 0 0 AMERICAN TOWER CORP NOTE 5.000% 2/1 029912AF9 1893 1900000 PRN OTHER 01 1900000 0 0 AMETEK INC NEW COM 031100100 239 7500 SH OTHER 01 7500 0 0 AMGEN INC COM 031162100 550 8050 SH OTHER 01 8050 0 0 ANADARKO PETE CORP COM 032511107 344 7900 SH OTHER 01 7900 0 0 ANNALY CAP MGMT INC COM 035710409 22699 1631875 SH OTHER 1605875 0 26000 ANNALY CAP MGMT INC COM 035710409 41488 2982625 SH OTHER 01 2982625 0 0 APTARGROUP INC COM 038336103 811 13736 SH OTHER 01 13736 0 0 ARES CAP CORP COM 04010L103 21620 1131325 SH OTHER 1122250 0 9075 ARES CAP CORP COM 04010L103 45914 2402636 SH OTHER 01 2402636 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 296 6000 SH OTHER 6000 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 122 2470 SH OTHER 01 2470 0 0 AVERY DENNISON CORP COM 053611109 24745 364275 SH OTHER 358275 0 6000 AVERY DENNISON CORP COM 053611109 54658 804625 SH OTHER 01 804625 0 0 AXCELIS TECHNOLOGIES INC NOTE 4.250% 1/1 054540AB5 10 10000 PRN OTHER 10000 0 0 AXCELIS TECHNOLOGIES INC NOTE 4.250% 1/1 054540AB5 1972 1999000 PRN OTHER 01 1999000 0 0 BASIC ENERGY SVCS INC NEW COM 06985P100 205 8300 SH OTHER 01 8300 0 0 BASIN WTR INC COM 07011T306 220 32440 SH SOLE 32440 0 0 BAUSCH & LOMB INC COM 071707103 15846 304379 SH OTHER 299229 0 5150 BAUSCH & LOMB INC COM 071707103 27099 520534 SH OTHER 01 520534 0 0 BECTON DICKINSON & CO COM 075887109 333 4750 SH OTHER 01 4750 0 0 BERKLEY W R CORP COM 084423102 367 10630 SH OTHER 01 10630 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 550 5 SH SOLE 5 0 0 BORG WARNER INC COM 099724106 224 3800 SH OTHER 01 3800 0 0 BP PLC SPONSORED ADR 055622104 220 3280 SH OTHER 01 3280 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 499 18940 SH OTHER 01 18940 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 904 34328 SH OTHER 34328 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 356 12500 SH OTHER 01 12500 0 0 CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 16530 412825 SH OTHER 407475 0 5350 CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 25126 627525 SH OTHER 01 627525 0 0 CANADIAN NAT RES LTD COM 136385101 240 4500 SH OTHER 01 4500 0 0 CBS CORP NEW CL B 124857202 3405 109192 SH OTHER 108605 0 587 CBS CORP NEW CL B 124857202 2591 83086 SH OTHER 01 83086 0 0 CELGENE CORP COM 151020104 253 4400 SH SOLE 4400 0 0 CHARLES RIV LABS INTL INC COM 159864107 19234 444725 SH OTHER 434750 0 9975 CHARLES RIV LABS INTL INC COM 159864107 52610 1216425 SH OTHER 01 1216425 0 0 CHART INDS INC COM PAR $0.01 16115Q308 4874 300675 SH OTHER 300675 0 0 CHART INDS INC COM PAR $0.01 16115Q308 10073 621400 SH OTHER 01 621400 0 0 CHARTERMAC SH BEN INT 160908109 215 10000 SH OTHER 01 10000 0 0 CHEVRON CORP NEW COM 166764100 3071 41767 SH OTHER 01 41767 0 0 CHEVRON CORP NEW COM 166764100 569 7739 SH OTHER 5739 0 2000 CIENA CORP NOTE 3.750% 2/0 171779AA9 1200 1240000 PRN OTHER 1240000 0 0 CIENA CORP NOTE 3.750% 2/0 171779AA9 4475 4625000 PRN OTHER 01 4625000 0 0 CITADEL BROADCASTING CORP COM 17285T106 8399 843250 SH OTHER 843250 0 0 CITADEL BROADCASTING CORP COM 17285T106 10950 1099350 SH OTHER 01 1099350 0 0 CITIGROUP INC COM 172967101 708 12710 SH OTHER 01 12710 0 0 CLOROX CO DEL COM 189054109 609 9500 SH OTHER 01 9500 0 0 COCA COLA CO COM 191216100 414 8580 SH OTHER 5380 0 3200 COCA COLA CO COM 191216100 588 12190 SH OTHER 01 12190 0 0 COMCAST CORP NEW CL A 20030N101 217 5115 SH OTHER 01 5115 0 0 COMPUTER NETWORK TECHNOLOGY NOTE 3.000% 2/1 204925AC5 5724 5753000 PRN OTHER 01 5753000 0 0 CONEXANT SYSTEMS INC NOTE 4.000% 2/0 207142AF7 473 475000 PRN OTHER 475000 0 0 CONEXANT SYSTEMS INC NOTE 4.000% 2/0 207142AF7 7041 7068000 PRN OTHER 01 7068000 0 0 CONOCOPHILLIPS COM 20825C104 1130 15712 SH OTHER 01 15712 0 0 COSTCO WHSL CORP NEW COM 22160K105 23174 438323 SH OTHER 430973 0 7350 COSTCO WHSL CORP NEW COM 22160K105 51420 972575 SH OTHER 01 972575 0 0 CROWN HOLDINGS INC COM 228368106 34844 1665576 SH OTHER 1641451 0 24125 CROWN HOLDINGS INC COM 228368106 74852 3578020 SH OTHER 01 3578020 0 0 CURAGEN CORP SDCV 6.000% 2/0 23126RAC5 320 325000 PRN OTHER 325000 0 0 CURAGEN CORP SDCV 6.000% 2/0 23126RAC5 7102 7210000 PRN OTHER 01 7210000 0 0 DEVON ENERGY CORP NEW COM 25179M103 435 6484 SH OTHER 01 6484 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 25031 315607 SH OTHER 310007 0 5600 DIAGEO P L C SPON ADR NEW 25243Q205 45784 577284 SH OTHER 01 577284 0 0 DISNEY WALT CO COM DISNEY 254687106 292 8510 SH OTHER 01 8510 0 0 DONALDSON INC COM 257651109 208 6000 SH OTHER 01 6000 0 0 DOW CHEM CO COM 260543103 726 18195 SH OTHER 01 18195 0 0 DUKE ENERGY CORP NEW COM 26441C105 208 6266 SH OTHER 01 6266 0 0 DURECT CORP COM 266605104 3086 695052 SH OTHER 01 695052 0 0 DURECT CORP COM 266605104 1161 261406 SH OTHER 261406 0 0 DYNEX CAP INC PFD D 9.50% 26817Q605 306 29327 PRN OTHER 01 29327 0 0 DYNEX CAP INC COM NEW 26817Q506 122 17225 SH OTHER 01 17225 0 0 EDISON INTL COM 281020107 215 4722 SH OTHER 01 4722 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 18136 625825 SH OTHER 609600 0 16225 ENTERPRISE PRODS PARTNERS L COM 293792107 24193 834800 SH OTHER 01 834800 0 0 EXXON MOBIL CORP COM 30231G102 3288 42908 SH OTHER 42908 0 0 EXXON MOBIL CORP COM 30231G102 5224 68181 SH OTHER 01 68181 0 0 FEI CO NOTE 5.500% 8/1 30241LAB5 203 205000 PRN OTHER 01 205000 0 0 FIRST AMERN CORP CALIF COM 318522307 26678 655805 SH OTHER 645555 0 10250 FIRST AMERN CORP CALIF COM 318522307 47478 1167100 SH OTHER 01 1167100 0 0 FLOWSERVE CORP COM 34354P105 252 5000 SH OTHER 01 5000 0 0 FRANKLIN RES INC COM 354613101 1102 10000 SH OTHER 01 10000 0 0 GENCORP INC COM 368682100 140 10000 SH OTHER 01 10000 0 0 GENERAL ELECTRIC CO COM 369604103 3190 85726 SH OTHER 01 85726 0 0 GENERAL ELECTRIC CO COM 369604103 1519 40825 SH OTHER 40825 0 0 GENWORTH FINL INC COM CL A 37247D106 22386 654375 SH OTHER 646300 0 8075 GENWORTH FINL INC COM CL A 37247D106 48555 1419314 SH OTHER 01 1419314 0 0 GLOBAL SIGNAL INC COM 37944Q103 2465 46800 SH OTHER 46800 0 0 GLOBAL SIGNAL INC COM 37944Q103 6755 128246 SH OTHER 01 128246 0 0 GREIF INC CL A 397624107 592 5000 SH OTHER 01 5000 0 0 HALLIBURTON CO COM 406216101 124 4000 SH OTHER 4000 0 0 HALLIBURTON CO COM 406216101 460 14804 SH OTHER 01 14804 0 0 HEALTHSOUTH CORP COM NEW 421924309 15477 683315 SH OTHER 671435 0 11880 HEALTHSOUTH CORP COM NEW 421924309 36333 1604090 SH OTHER 01 1604090 0 0 HOME DEPOT INC COM 437076102 265 6600 SH OTHER 01 6600 0 0 INGERSOLL-RAND COMPANY LTD CL A G4776G101 293 7500 SH OTHER 01 7500 0 0 INHALE THERAPEUTIC SYS INC NOTE 3.500%10/1 457191AH7 892 910000 PRN OTHER 01 910000 0 0 INHALE THERAPEUTIC SYS INC NOTE 5.000% 2/0 457191AF1 1841 1860000 PRN OTHER 01 1860000 0 0 INTEL CORP COM 458140100 391 19329 SH OTHER 01 19329 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 454 4670 SH OTHER 01 4670 0 0 INTERNATIONAL RECTIFIER CORP NOTE 4.250% 7/1 460254AE5 4074 4105000 PRN OTHER 01 4105000 0 0 INTERNATIONAL RECTIFIER CORP NOTE 4.250% 7/1 460254AE5 888 895000 PRN OTHER 895000 0 0 INVITROGEN CORP COM 46185R100 15772 278701 SH OTHER 273376 0 5325 INVITROGEN CORP COM 46185R100 34764 614315 SH OTHER 01 614315 0 0 ITC HLDGS CORP COM 465685105 15883 398075 SH OTHER 393275 0 4800 ITC HLDGS CORP COM 465685105 25381 636125 SH OTHER 01 636125 0 0 JETBLUE AWYS CORP NOTE 3.500% 7/1 477143AB7 3528 3675000 PRN OTHER 01 3675000 0 0 JOHNSON & JOHNSON COM 478160104 22078 334415 SH OTHER 329215 0 5200 JOHNSON & JOHNSON COM 478160104 48380 732815 SH OTHER 01 732815 0 0 KAYNE ANDERSON ENERGY DEV CO COM 48660Q102 239 10000 SH OTHER 01 10000 0 0 KIMBERLY CLARK CORP COM 494368103 299 4400 SH OTHER 01 4400 0 0 KINETIC CONCEPTS INC COM NEW 49460W208 24378 616375 SH OTHER 609450 0 6925 KINETIC CONCEPTS INC COM NEW 49460W208 44992 1137582 SH OTHER 01 1137582 0 0 LAMAR ADVERTISING CO CL A 512815101 23731 362910 SH OTHER 359410 0 3500 LAMAR ADVERTISING CO CL A 512815101 54318 830675 SH OTHER 01 830675 0 0 LIBERTY GLOBAL INC COM SER A 530555101 33249 1140598 SH OTHER 01 1140598 0 0 LIBERTY GLOBAL INC COM SER C 530555309 14871 531094 SH OTHER 522059 0 9035 LIBERTY GLOBAL INC COM SER C 530555309 33051 1180420 SH OTHER 01 1180420 0 0 LIBERTY GLOBAL INC COM SER A 530555101 14881 510493 SH OTHER 501458 0 9035 LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 849 8665 SH OTHER 8665 0 0 LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 1973 20132 SH OTHER 01 20132 0 0 LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 935 43334 SH OTHER 43334 0 0 LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 2233 103552 SH OTHER 01 103552 0 0 LILLY ELI & CO COM 532457108 5510 105757 SH OTHER 99757 0 6000 LILLY ELI & CO COM 532457108 972 18654 SH OTHER 01 18654 0 0 LOEWS CORP COM 540424108 288 6945 SH SOLE 6945 0 0 LTX CORP NOTE 4.250% 8/1 502392AG8 3098 3000000 PRN OTHER 01 3000000 0 0 LUCENT TECHNOLOGIES INC SDCV 8.000% 8/0 549463AK3 60 60000 PRN OTHER 01 60000 0 0 LUCENT TECHNOLOGIES INC SDCV 8.000% 8/0 549463AK3 200 200000 PRN OTHER 200000 0 0 MAGELLAN MIDSTREAM HLDGS LP COM LP INTS 55907R108 15067 675650 SH OTHER 01 675650 0 0 MAGELLAN MIDSTREAM HLDGS LP COM LP INTS 55907R108 7099 318350 SH OTHER 318350 0 0 MAGMA DESIGN AUTOMATION NOTE 5/1 559181AB8 621 685000 PRN OTHER 685000 0 0 MAGMA DESIGN AUTOMATION NOTE 5/1 559181AB8 7140 7879000 PRN OTHER 01 7879000 0 0 MANOR CARE INC NEW COM 564055101 22197 473082 SH OTHER 469982 0 3100 MANOR CARE INC NEW COM 564055101 36654 781209 SH OTHER 01 781209 0 0 MERCK & CO INC COM 589331107 834 19119 SH OTHER 19119 0 0 MERCK & CO INC COM 589331107 1097 25158 SH OTHER 01 25158 0 0 MERCURY GENL CORP NEW COM 589400100 211 4000 SH OTHER 01 4000 0 0 MICROSOFT CORP COM 594918104 441 14783 SH OTHER 14783 0 0 MICROSOFT CORP COM 594918104 1506 50440 SH OTHER 01 50440 0 0 MILLENNIUM PHARMACEUTICALS I NOTE 5.500% 1/1 599902AB9 1205 1210000 PRN OTHER 1075000 0 135000 MILLENNIUM PHARMACEUTICALS I NOTE 5.500% 1/1 599902AB9 8643 8676000 PRN OTHER 01 8676000 0 0 MORGAN STANLEY COM NEW 617446448 264 3249 SH OTHER 01 3249 0 0 NETWORK ENGINES INC COM 64121A107 52 20000 SH OTHER 01 20000 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 653 675000 PRN OTHER 675000 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 6913 7145000 PRN OTHER 01 7145000 0 0 NOVADEL PHARMA INC COM 66986X106 78 47619 SH SOLE 47619 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 244 5000 SH OTHER 01 5000 0 0 OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 1773 33000 PRN OTHER 01 33000 0 0 OMNICARE INC COM 681904108 23357 604625 SH OTHER 598225 0 6400 OMNICARE INC COM 681904108 49220 1274150 SH OTHER 01 1274150 0 0 PEPSICO INC COM 713448108 3713 59366 SH OTHER 59366 0 0 PEPSICO INC COM 713448108 24020 384013 SH OTHER 01 384013 0 0 PETROCHINA CO LTD SPONSORED ADR 71646E100 282 2000 SH OTHER 01 2000 0 0 PFIZER INC COM 717081103 611 23581 SH OTHER 01 23581 0 0 PIMCO COML MTG SECS TR INC COM 693388100 144 10000 PRN OTHER 01 10000 0 0 PITNEY BOWES INC COM 724479100 25533 552775 SH OTHER 542975 0 9800 PITNEY BOWES INC COM 724479100 53147 1150625 SH OTHER 01 1150625 0 0 POTLATCH CORP NEW COM 737630103 249 5692 SH OTHER 01 5692 0 0 PROCTER & GAMBLE CO COM 742718109 11767 183087 SH OTHER 01 183087 0 0 PROCTER & GAMBLE CO COM 742718109 8317 129412 SH OTHER 115412 0 14000 QUANTA SVCS INC NOTE 4.000% 7/0 74762EAA0 296 300000 PRN OTHER 01 300000 0 0 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 16 10780 SH SOLE 10780 0 0 R H DONNELLEY CORP COM NEW 74955W307 27527 438825 SH OTHER 432740 0 6085 R H DONNELLEY CORP COM NEW 74955W307 58819 937653 SH OTHER 01 937653 0 0 REPUBLIC SVCS INC COM 760759100 14384 353685 SH OTHER 350010 0 3675 REPUBLIC SVCS INC COM 760759100 38418 944625 SH OTHER 01 944625 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1614 22801 SH OTHER 22801 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 215 3042 SH OTHER 01 3042 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 8248 251080 SH OTHER 243530 0 7550 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 4371 133064 SH OTHER 01 133064 0 0 SCHERING PLOUGH CORP COM 806605101 531 22475 SH OTHER 01 22475 0 0 SCHLUMBERGER LTD COM 806857108 44961 711864 SH OTHER 01 711864 0 0 SCHLUMBERGER LTD COM 806857108 18384 291076 SH OTHER 287001 0 4075 SCI SYS INC NOTE 3.000% 3/1 783890AF3 7319 7365000 PRN OTHER 7365000 0 0 SCI SYS INC NOTE 3.000% 3/1 783890AF3 10454 10520000 PRN OTHER 01 10520000 0 0 SCRIPPS E W CO OHIO CL A 811054204 250 5000 SH OTHER 01 5000 0 0 SEPRACOR INC SDCV 5.000% 2/1 817315AL8 498 500000 PRN OTHER 500000 0 0 SEPRACOR INC SDCV 5.000% 2/1 817315AL8 3483 3500000 PRN OTHER 01 3500000 0 0 SEQUA CORPORATION CL A 817320104 207 1800 SH OTHER 01 1800 0 0 SERVICE CORP INTL COM 817565104 20567 2006515 SH OTHER 1969915 0 36600 SERVICE CORP INTL COM 817565104 47275 4612192 SH OTHER 01 4612192 0 0 SLM CORP COM 78442P106 28512 584625 SH OTHER 575575 0 9050 SLM CORP COM 78442P106 58151 1192350 SH OTHER 01 1192350 0 0 SOUTHERN UN CO NEW COM 844030106 28739 1028213 SH OTHER 1011558 0 16655 SOUTHERN UN CO NEW COM 844030106 55322 1979315 SH OTHER 01 1979315 0 0 TARGET CORP COM 87612E106 654 11470 SH OTHER 01 11470 0 0 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 241 8540 SH OTHER 01 8540 0 0 TESORO CORP COM 881609101 329 5000 SH OTHER 01 5000 0 0 THOMAS & BETTS CORP COM 884315102 378 8000 SH OTHER 01 8000 0 0 TRIQUINT SEMICONDUCTOR INC NOTE 4.000% 3/0 89674KAB9 15 15000 PRN OTHER 15000 0 0 TRIQUINT SEMICONDUCTOR INC NOTE 4.000% 3/0 89674KAB9 2482 2501000 PRN OTHER 01 2501000 0 0 TRUSTREET PPTYS INC COM 898404108 7716 457900 SH OTHER 457900 0 0 TRUSTREET PPTYS INC COM 898404108 8345 495225 SH OTHER 01 495225 0 0 ULTRAPETROL BAHAMAS LTD COM P94398107 342 26000 SH OTHER 01 26000 0 0 UNITED ONLINE INC COM 911268100 1611 121329 SH OTHER 120529 0 800 UNITED ONLINE INC COM 911268100 2849 214601 SH OTHER 01 214601 0 0 UNITED TECHNOLOGIES CORP COM 913017109 456 7300 SH OTHER 01 7300 0 0 VARIAN MED SYS INC COM 92220P105 381 8000 SH OTHER 01 8000 0 0 VERIFONE HLDGS INC COM 92342Y109 3527 99635 SH OTHER 99635 0 0 VERIFONE HLDGS INC COM 92342Y109 10605 299576 SH OTHER 01 299576 0 0 VERISIGN INC COM 92343E102 23475 976100 SH OTHER 958800 0 17300 VERISIGN INC COM 92343E102 48954 2035525 SH OTHER 01 2035525 0 0 VIACOM INC NEW CL B 92553P201 2781 67780 SH OTHER 01 67780 0 0 VIACOM INC NEW CL B 92553P201 4084 99537 SH OTHER 99150 0 387 VITAL IMAGES INC COM 92846N104 348 10000 SH OTHER 01 10000 0 0 WACHOVIA CORP 2ND NEW COM 929903102 8673 152290 SH OTHER 01 152290 0 0 WALGREEN CO COM 931422109 459 10000 SH OTHER 10000 0 0 WALGREEN CO COM 931422109 350 7634 SH OTHER 01 7634 0 0 WATTS WATER TECHNOLOGIES INC CL A 942749102 308 7500 SH OTHER 01 7500 0 0 WEBSENSE INC COM 947684106 19824 868350 SH OTHER 855950 0 12400 WEBSENSE INC COM 947684106 50343 2205093 SH OTHER 01 2205093 0 0 WESTWOOD ONE INC COM 961815107 239 33825 SH OTHER 33825 0 0 WESTWOOD ONE INC COM 961815107 182 25740 SH OTHER 01 25740 0 0 WILLIAMS COS INC DEL COM 969457100 365 14000 SH OTHER 01 14000 0 0 WORKSTREAM INC COM 981402100 179 157069 SH OTHER 01 157069 0 0 WYETH COM 983024100 293 5750 SH OTHER 01 5750 0 0