13F-HR 1 ostm1q05.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: March 31, 2005 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: 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: Pamela Nichter Title: Chief Operating Officer Phone: 415-434-4441 Signature, Place, and Date of Signing: /s/ Pamela Nichter San Francisco, CA May 11, 2005 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: 217 Form13F Information Table Value Total: $1,925,933 (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 28-06550 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 934 10900 SH SOLE 10900 0 0 3M CO COM 88579Y101 1063 12400 SH OTHER 01 12400 0 0 3M CO COM 88579Y101 1561 18214 SH SOLE 01 18214 0 0 ABBOTT LABS COM 002824100 1305 28000 SH SOLE 28000 0 0 ABBOTT LABS COM 002824100 364 7800 SH SOLE 01 7800 0 0 ACE LTD ORD G0070K103 231 5600 SH SOLE 01 5600 0 0 ADOBE SYS INC COM 00724F101 427 6350 SH SOLE 01 6350 0 0 ADVANCED ENERGY INDS NOTE 5.250%11/1 007973AA8 1948 1990000 PRN SOLE 1140000 0 850000 ADVANCED ENERGY INDS NOTE 5.250%11/1 007973AA8 4302 4395000 PRN SOLE 01 4395000 0 0 ADVANCED ENERGY INDS NOTE 5.000% 9/0 007973AC4 1335 1360000 PRN SOLE 1360000 0 0 ADVANCED ENERGY INDS NOTE 5.000% 9/0 007973AC4 491 500000 PRN SOLE 01 500000 0 0 AFLAC INC COM 001055102 212 5700 SH SOLE 01 5700 0 0 AGERE SYS INC NOTE 6.500%12/1 00845VAA8 1536 1500000 PRN SOLE 01 1500000 0 0 AIRTRAN HLDGS INC COM 00949P108 14451 1596850 SH SOLE 01 1596850 0 0 AIRTRAN HLDGS INC COM 00949P108 5788 639550 SH SOLE 524850 0 114700 ALLIED WASTE INDS INC SDCV 4.250% 4/1 019589AD2 3449 4100000 PRN SOLE 01 4100000 0 0 ALLIED WASTE INDS INC SDCV 4.250% 4/1 019589AD2 330 392000 PRN SOLE 392000 0 0 ALTRIA GROUP INC COM 02209S103 283 4330 SH SOLE 4330 0 0 ALTRIA GROUP INC COM 02209S103 243 3710 SH SOLE 01 3710 0 0 AMERICAN EXPRESS CO COM 025816109 442 8600 SH SOLE 8600 0 0 AMERICAN INTL GROUP INC COM 026874107 3116 56232 SH OTHER 01 56232 0 0 ANADARKO PETE CORP COM 032511107 320 4200 SH SOLE 01 4200 0 0 ANHEUSER BUSCH COS INC COM 035229103 848 17896 SH SOLE 16296 0 1600 ANHEUSER BUSCH COS INC COM 035229103 1564 33000 SH SOLE 01 33000 0 0 ANTIGENICS INC DEL COM 037032109 163 24262 SH SOLE 24262 0 0 APTARGROUP INC COM 038336103 766 14736 SH SOLE 01 14736 0 0 ARES CAP CORP COM 04010L103 10824 660000 SH SOLE 584600 0 75400 ARES CAP CORP COM 04010L103 22452 1369000 SH SOLE 01 1369000 0 0 ASPECT COMMUNICATIONS CORP COM 04523Q102 22410 2152775 SH SOLE 01 2152775 0 0 ASPECT COMMUNICATIONS CORP COM 04523Q102 12837 1233188 SH SOLE 1133238 0 99950 ASPEN TECHNOLOGY INC SDCV 5.250% 6/1 045327AB9 500 500000 PRN SOLE 500000 0 0 ASPEN TECHNOLOGY INC SDCV 5.250% 6/1 045327AB9 870 870000 PRN SOLE 01 870000 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 270 6000 SH SOLE 6000 0 0 AXCELIS TECHNOLOGIES INC NOTE 4.250% 1/1 054540AB5 1577 1595000 PRN SOLE 01 1595000 0 0 AXCELIS TECHNOLOGIES INC NOTE 4.250% 1/1 054540AB5 10 10000 PRN SOLE 10000 0 0 BANK OF AMERICA CORPORATION COM 060505104 7576 171800 SH SOLE 153450 0 18350 BANK OF AMERICA CORPORATION COM 060505104 8102 183718 SH SOLE 01 183718 0 0 BAUSCH & LOMB INC COM 071707103 24900 339695 SH SOLE 268145 0 71550 BAUSCH & LOMB INC COM 071707103 40192 548318 SH SOLE 01 548318 0 0 BECTON DICKINSON & CO COM 075887109 277 4750 SH SOLE 01 4750 0 0 BERKLEY W R CORP COM 084423102 201 4050 SH SOLE 01 4050 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 435 5 SH SOLE 5 0 0 BISYS GROUP INC NOTE 4.000% 3/1 055472AB0 3090 3125000 PRN SOLE 01 3125000 0 0 BISYS GROUP INC NOTE 4.000% 3/1 055472AB0 1360 1375000 PRN SOLE 700000 0 675000 BP PLC SPONSORED ADR 055622104 205 3280 SH SOLE 01 3280 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 646 25392 SH SOLE 01 25392 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 925 36328 SH SOLE 36328 0 0 CAPITAL ONE FINL CORP COM 14040H105 202 2700 SH SOLE 01 2700 0 0 CAREMARK RX INC COM 141705103 271 6800 SH SOLE 01 6800 0 0 CEDAR FAIR L P DEPOSITRY UNIT 150185106 6207 197232 SH SOLE 117482 0 79750 CEDAR FAIR L P DEPOSITRY UNIT 150185106 5266 167327 SH SOLE 01 167327 0 0 CHEVRONTEXACO CORP COM 166764100 429 7364 SH SOLE 5364 0 2000 CHEVRONTEXACO CORP COM 166764100 700 12000 SH OTHER 01 12000 0 0 CHEVRONTEXACO CORP COM 166764100 1195 20496 SH SOLE 01 20496 0 0 CISCO SYS INC COM 17275R102 194 10868 SH SOLE 01 10868 0 0 CITADEL BROADCASTING CORP COM 17285T106 15212 1107921 SH SOLE 920246 0 187675 CITADEL BROADCASTING CORP COM 17285T106 24979 1819274 SH SOLE 01 1819274 0 0 CITIGROUP INC COM 172967101 275 6122 SH SOLE 01 6122 0 0 CLOROX CO DEL COM 189054109 441 7000 SH SOLE 01 7000 0 0 COCA COLA CO COM 191216100 812 19490 SH SOLE 01 19490 0 0 COCA COLA CO COM 191216100 358 8580 SH SOLE 5380 0 3200 COMCAST CORP NEW CL A 20030N101 848 25115 SH SOLE 01 25115 0 0 CONOCOPHILLIPS COM 20825C104 496 4600 SH SOLE 01 4600 0 0 COSTCO WHSL CORP NEW COM 22160K105 21139 478484 SH SOLE 01 478484 0 0 COSTCO WHSL CORP NEW COM 22160K105 10098 228556 SH SOLE 201456 0 27100 CROWN HOLDINGS INC COM 228368106 20531 1319490 SH SOLE 1074990 0 244500 CROWN HOLDINGS INC COM 228368106 45709 2937575 SH SOLE 01 2937575 0 0 DEVON ENERGY CORP NEW COM 25179M103 310 6484 SH SOLE 01 6484 0 0 DEX MEDIA INC COM 25212E100 36628 1773734 SH SOLE 01 1773734 0 0 DEX MEDIA INC COM 25212E100 19330 936076 SH SOLE 750576 0 185500 DIAGEO P L C SPON ADR NEW 25243Q205 18508 325274 SH SOLE 266074 0 59200 DIAGEO P L C SPON ADR NEW 25243Q205 31127 547041 SH SOLE 01 547041 0 0 DIMON INC COM 254394109 4057 649175 SH SOLE 01 649175 0 0 DIMON INC COM 254394109 1200 191925 SH SOLE 90025 0 101900 DIRECTV GROUP INC COM 25459L106 1905 132100 SH SOLE 132100 0 0 DIRECTV GROUP INC COM 25459L106 1697 117700 SH SOLE 01 117700 0 0 DOR BIOPHARMA INC COM 258094101 24 62814 SH SOLE 62814 0 0 DOW CHEM CO COM 260543103 446 8941 SH OTHER 01 8941 0 0 DOW CHEM CO COM 260543103 466 9354 SH SOLE 01 9354 0 0 DURECT CORP COM 266605104 1183 325006 SH SOLE 311206 0 13800 DURECT CORP COM 266605104 2534 696050 SH SOLE 01 696050 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 4743 184550 SH SOLE 164750 0 19800 ENTERPRISE PRODS PARTNERS L COM 293792107 8255 321225 SH SOLE 01 321225 0 0 EOG RES INC COM 26875P101 224 4600 SH SOLE 01 4600 0 0 EXTREME NETWORKS INC NOTE 3.500%12/0 30226DAB2 246 250000 PRN SOLE 100000 0 150000 EXTREME NETWORKS INC NOTE 3.500%12/0 30226DAB2 143 145000 PRN SOLE 01 145000 0 0 EXXON MOBIL CORP COM 30231G102 3636 61006 SH SOLE 01 61006 0 0 EXXON MOBIL CORP COM 30231G102 2572 43148 SH SOLE 43148 0 0 FEI CO NOTE 5.500% 8/1 30241LAB5 506 500000 PRN SOLE 500000 0 0 FEI CO NOTE 5.500% 8/1 30241LAB5 3539 3500000 PRN SOLE 01 3500000 0 0 FLEXTRONICS INTL LTD ORD Y2573F102 7898 655945 SH SOLE 544845 0 111100 FLEXTRONICS INTL LTD ORD Y2573F102 18958 1574600 SH SOLE 01 1574600 0 0 GASCO ENERGY INC COM 367220100 30 10000 SH OTHER 01 10000 0 0 GASCO ENERGY INC COM 367220100 67 22000 SH SOLE 01 22000 0 0 GENERAL ELEC CO COM 369604103 3097 85871 SH SOLE 01 85871 0 0 GENERAL ELEC CO COM 369604103 260 7200 SH OTHER 01 7200 0 0 GENERAL ELEC CO COM 369604103 1962 54416 SH SOLE 54416 0 0 GLOBAL SIGNAL INC COM 37944Q103 2266 75650 SH SOLE 74350 0 1300 GLOBAL SIGNAL INC COM 37944Q103 3030 101150 SH SOLE 01 101150 0 0 GLOBESPAN INC NOTE 5.250% 5/1 379571AB8 3169 3250000 PRN SOLE 01 3250000 0 0 GOLD RESV INC CL A 38068N108 40 10000 SH OTHER 01 10000 0 0 GOLD RESV INC CL A 38068N108 64 16000 SH SOLE 01 16000 0 0 HOME DEPOT INC COM 437076102 394 10300 SH SOLE 01 10300 0 0 INGERSOLL-RAND COMPANY LTD CL A G4776G101 311 3900 SH SOLE 01 3900 0 0 INHALE THERAPEUTIC SYS INC NOTE 5.000% 2/0 457191AF1 446 445000 PRN SOLE 445000 0 0 INHALE THERAPEUTIC SYS INC NOTE 5.000% 2/0 457191AF1 1001 1000000 PRN SOLE 01 1000000 0 0 INTEL CORP COM 458140100 567 24429 SH SOLE 01 24429 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 408 4470 SH SOLE 01 4470 0 0 INTERNATIONAL RECTIFIER CORP NOTE 4.250% 7/1 460254AE5 1245 1250000 PRN SOLE 01 1250000 0 0 INVITROGEN CORP COM 46185R100 15994 231124 SH SOLE 193274 0 37850 INVITROGEN CORP NOTE 2.250%12/1 46185RAD2 247 250000 PRN SOLE 01 250000 0 0 INVITROGEN CORP COM 46185R100 36766 531301 SH SOLE 01 531301 0 0 JOHNSON & JOHNSON COM 478160104 6256 93157 SH SOLE 01 93157 0 0 JOHNSON & JOHNSON COM 478160104 3488 51940 SH SOLE 51940 0 0 KIMBERLY CLARK CORP COM 494368103 289 4400 SH SOLE 01 4400 0 0 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 13705 304554 SH SOLE 01 304554 0 0 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 18761 416916 SH SOLE 333516 0 83400 KINDER MORGAN MANAGEMENT LLC SHS 49455U100 448 11027 SH SOLE 01 11027 0 0 LABORATORY CORP AMER HLDGS COM NEW 50540R409 17837 370061 SH SOLE 293811 0 76250 LABORATORY CORP AMER HLDGS COM NEW 50540R409 32202 668084 SH SOLE 01 668084 0 0 LAIDLAW INTL INC COM 50730R102 60058 2887407 SH SOLE 01 2887407 0 0 LAIDLAW INTL INC COM 50730R102 34391 1653418 SH SOLE 1341718 0 311700 LAMAR ADVERTISING CO CL A 512815101 22041 547050 SH SOLE 01 547050 0 0 LAMAR ADVERTISING CO CL A 512815101 15570 386440 SH SOLE 327890 0 58550 LIBERTY MEDIA CORP NEW COM SER A 530718105 5347 515602 SH SOLE 375102 0 140500 LIBERTY MEDIA CORP NEW COM SER A 530718105 12337 1189707 SH SOLE 01 1189707 0 0 LIBERTY MEDIA INTL INC COM SER A 530719103 1805 41270 SH SOLE 01 41270 0 0 LILLY ELI & CO COM 532457108 5800 111322 SH SOLE 96522 0 14800 LILLY ELI & CO COM 532457108 985 18904 SH SOLE 01 18904 0 0 LIZ CLAIBORNE INC COM 539320101 281 7000 SH SOLE 01 7000 0 0 LOEWS CORP COM 540424108 236 3205 SH SOLE 3205 0 0 LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 266 270000 PRN SOLE 270000 0 0 LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 567 575000 PRN SOLE 01 575000 0 0 MANOR CARE INC NEW COM 564055101 30821 847652 SH SOLE 694602 0 153050 MANOR CARE INC NEW COM 564055101 46359 1274989 SH SOLE 01 1274989 0 0 MAXTOR CORP NOTE 6.800% 4/3 577729AC0 1990 2000000 PRN SOLE 01 2000000 0 0 MEDIACOM COMMUNICATIONS CORP NOTE 5.250% 7/0 58446KAA3 786 800000 PRN SOLE 800000 0 0 MEDIACOM COMMUNICATIONS CORP NOTE 5.250% 7/0 58446KAA3 3046 3100000 PRN SOLE 01 3100000 0 0 MENTOR GRAPHICS CORP NOTE 6.875% 6/1 587200AB2 4640 4505000 PRN SOLE 01 4505000 0 0 MENTOR GRAPHICS CORP NOTE 6.875% 6/1 587200AB2 21 20000 PRN SOLE 20000 0 0 MERCK & CO INC COM 589331107 682 21080 SH SOLE 21080 0 0 MERCK & CO INC COM 589331107 912 28184 SH SOLE 01 28184 0 0 MICROSOFT CORP COM 594918104 1493 61780 SH SOLE 01 61780 0 0 MICROSOFT CORP COM 594918104 394 16308 SH SOLE 16308 0 0 NATURAL MICROSYSTEMS CORP NOTE 5.000%10/1 638882AA8 748 750000 PRN SOLE 750000 0 0 NATURAL MICROSYSTEMS CORP NOTE 5.000%10/1 638882AA8 4076 4086000 PRN SOLE 01 4086000 0 0 NCO GROUP INC NOTE 4.750% 4/1 628858AB8 731 750000 PRN SOLE 01 750000 0 0 NEWMONT MINING CORP COM 651639106 28213 667760 SH SOLE 01 667760 0 0 NEWMONT MINING CORP COM 651639106 15274 361505 SH SOLE 279805 0 81700 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 486 525000 PRN SOLE 01 525000 0 0 NOVADEL PHARMA INC COM 66986X106 58 47618 SH SOLE 47618 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 214 3000 SH SOLE 01 3000 0 0 OMNICARE INC COM 681904108 41866 1180976 SH SOLE 01 1180976 0 0 OMNICARE INC COM 681904108 20446 576746 SH SOLE 449346 0 127400 PEPSICO INC COM 713448108 21086 397632 SH SOLE 01 397632 0 0 PEPSICO INC COM 713448108 3147 59341 SH SOLE 53791 0 5550 PFIZER INC COM 717081103 1431 54489 SH SOLE 01 54489 0 0 PLAINS EXPL& PRODTN CO COM 726505100 53408 1530301 SH SOLE 01 1530301 0 0 PLAINS EXPL& PRODTN CO COM 726505100 25886 741722 SH SOLE 591914 0 149808 POTLATCH CORP COM 737628107 217 4600 SH SOLE 01 4600 0 0 PROCTER & GAMBLE CO COM 742718109 8948 168834 SH SOLE 01 168834 0 0 PROCTER & GAMBLE CO COM 742718109 8269 156026 SH SOLE 108026 0 48000 PROVINCE HEALTHCARE CO NOTE 4.500%11/2 743977AC4 1874 1860000 PRN SOLE 1860000 0 0 PROVINCE HEALTHCARE CO NOTE 4.500%11/2 743977AC4 3899 3870000 PRN SOLE 01 3870000 0 0 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 6 10780 SH SOLE 10780 0 0 REGAL ENTMT GROUP CL A 758766109 41611 1978641 SH SOLE 01 1978641 0 0 REGAL ENTMT GROUP CL A 758766109 21927 1042639 SH SOLE 836189 0 206450 REPUBLIC SVCS INC COM 760759100 13666 408185 SH SOLE 366885 0 41300 REPUBLIC SVCS INC COM 760759100 29688 886750 SH SOLE 01 886750 0 0 ROBBINS & MYERS INC NOTE 8.000% 1/3 770196AB9 72 71000 PRN SOLE 01 71000 0 0 ROYAL DUTCH PETE CO NY REG EUR .56 780257804 1425 23726 SH SOLE 23726 0 0 ROYAL DUTCH PETE CO NY REG EUR .56 780257804 202 3367 SH SOLE 01 3367 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 14010 388745 SH SOLE 254195 0 134550 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 7395 205189 SH SOLE 01 205189 0 0 SCHERING PLOUGH CORP COM 806605101 492 27100 SH SOLE 01 27100 0 0 SCHLUMBERGER LTD COM 806857108 12988 184276 SH SOLE 152676 0 31600 SCHLUMBERGER LTD COM 806857108 33061 469084 SH SOLE 01 469084 0 0 SERVICE CORP INTL COM 817565104 9418 1259082 SH SOLE 1099607 0 159475 SERVICE CORP INTL COM 817565104 26104 3489791 SH SOLE 01 3489791 0 0 SERVICEMASTER CO COM 81760N109 41824 3098088 SH SOLE 01 3098088 0 0 SERVICEMASTER CO COM 81760N109 18930 1402210 SH SOLE 1174302 0 227908 SIX FLAGS INC NOTE 4.500% 5/1 83001PAJ8 787 850000 PRN SOLE 01 850000 0 0 SOUTHERN UN CO NEW COM 844030106 14799 589375 SH SOLE 468925 0 120450 SOUTHERN UN CO NEW COM 844030106 31342 1248200 SH SOLE 01 1248200 0 0 SPDR TR UNIT SER 1 78462F103 873 7400 PRN SOLE 01 7400 0 0 STATION CASINOS INC COM 857689103 36791 544649 SH SOLE 433949 0 110700 STATION CASINOS INC COM 857689103 55782 825792 SH SOLE 01 825792 0 0 SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 387 11250 SH OTHER 01 11250 0 0 SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 7028 204066 SH SOLE 01 204066 0 0 SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 7581 220134 SH SOLE 155884 0 64250 TARGET CORP COM 87612E106 230 4600 SH SOLE 01 4600 0 0 TOYS R US INC COM 892335100 1318 51166 SH SOLE 19141 0 32025 TOYS R US INC COM 892335100 2352 91313 SH SOLE 01 91313 0 0 TRIQUINT SEMICONDUCTOR INC NOTE 4.000% 3/0 89674KAB9 14 15000 PRN SOLE 15000 0 0 UNITED ONLINE INC COM 911268100 24964 2384332 SH SOLE 01 2384332 0 0 UNITED ONLINE INC COM 911268100 10267 980638 SH SOLE 901138 0 79500 UNITED TECHNOLOGIES CORP COM 913017109 488 4800 SH SOLE 01 4800 0 0 UNITEDGLOBALCOM CL A 913247508 23661 2501139 SH SOLE 2021495 0 479644 UNITEDGLOBALCOM CL A 913247508 43095 4555531 SH SOLE 01 4555531 0 0 UNITEDGLOBALCOM CL A 913247508 114 12000 SH OTHER 01 12000 0 0 VIACOM INC CL B 925524308 6163 176940 SH SOLE 01 176940 0 0 VIACOM INC CL B 925524308 9316 267464 SH SOLE 220738 0 46726 VISHAY INTERTECHNOLOGY INC COM 928298108 7085 569975 SH SOLE 01 569975 0 0 VISHAY INTERTECHNOLOGY INC COM 928298108 2567 206500 SH SOLE 199400 0 7100 VODAFONE GROUP PLC NEW SPONSORED ADR 92857W100 23077 868871 SH SOLE 714171 0 154700 VODAFONE GROUP PLC NEW SPONSORED ADR 92857W100 39956 1504359 SH SOLE 01 1504359 0 0 WAL MART STORES INC COM 931142103 842 16802 SH SOLE 01 16802 0 0 WALGREEN CO COM 931422109 444 10000 SH SOLE 10000 0 0 WALGREEN CO COM 931422109 228 5134 SH SOLE 01 5134 0 0 WEBSENSE INC COM 947684106 10374 192825 SH SOLE 167375 0 25450 WEBSENSE INC COM 947684106 21170 393500 SH SOLE 01 393500 0 0 WELLS FARGO & CO NEW COM 949746101 32389 541629 SH SOLE 01 541629 0 0 WELLS FARGO & CO NEW COM 949746101 21078 352468 SH SOLE 287768 0 64700 WESTERN GAS 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