13F-HR 1 form13f_hr.txt FORM 13F-HR 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, 2010 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: Michael F. Price Address: c/o MFP Investors LLC 667 Madison Ave. 25th Floor New York, New York 10065 13F File Number: 28-13081 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: Michael F. Price Title: Investment Manager Phone: (212) 752-7280 Signature, Place, and Date of Signing: /s/ Michael F. Price New York, NY 8/13/10 -------------------- ------------- ------- [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: 1 Form 13F Information Table Entry Total: 116 Form 13F Information Table Value Total: $474,515 -------- (thousands) List of Other Included Managers: 1 MFP Investors LLC 2
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE Allied World Assur Hldg Ltd. SHS G0219G203 5,237 115,394 SH SOLE 1 115,394 Enstar Group Ltd. SHS G3075P101 4,156 62,550 SH SOLE 1 62,550 Ingersoll-Rand PLC SHS G47791101 13,659 396,034 SH SOLE 1 396,034 Alcon Inc. COM SHS H01301102 8,225 55,500 SH SOLE 1 55,500 TYCO International Ltd. SHS H89128104 3,127 88,750 SH SOLE 88,750 BP PLC PUT 055622954 126 100,000 SH PUT SOLE 1 100,000 A.C. Moore Arts & Crafts Inc. COM 00086T103 303 133,700 SH SOLE 1 133,700 Abington Community Bancorp Inc. COM 00350L109 2,444 280,300 SH SOLE 1 280,300 Adaptec, Inc. COM 00651F108 207 71,508 SH SOLE 71,508 American River Bankshares COM 029326105 934 125,000 SH SOLE 1 125,000 Arkansas Best Corp. COM 040790107 5,234 252,220 SH SOLE 1 252,220 BRT Realty Trust SH BEN INT NEW 055645303 909 154,129 SH SOLE 1 154,129 Bank of America Corporation COM 060505104 11,105 772,800 SH SOLE 1 772,800 Becton, Dickinson & Co. COM 075887109 11,157 165,000 SH SOLE 1 165,000 W.R. Berkley Corp. COM 084423102 265 10,000 SH SOLE 1 10,000 Berkshire Hathaway Inc. CL A 084670108 8,880 74 SH SOLE 1 74 Boeing Co. COM 097023105 1,255 20,000 SH SOLE 20,000 Builders FirstSource Inc. COM 12008R107 397 165,222 SH SOLE 1 165,222 CF Industries Holdings, Inc. COM 125269100 635 10,000 SH SOLE 1 10,000 CIT Group Inc. COM NEW 125581801 1,767 52,197 SH SOLE 1 52,197 CNO Financial Group Inc. COM 12621E103 10,508 2,122,814 SH SOLE 1 2,122,814 Cache, Inc. COM NEW 127150308 9,288 1,635,255 SH SOLE 1 1,635,255 Cape Bancorp Inc. COM 139209100 1,523 213,000 SH SOLE 1 213,000 CapitalSource Inc. DBCV 3.50% 7/1 14055XAD4 2,861 3,000,000 PRN SOLE 1 3,000,000 CapitalSource Inc. DBCV 4.00% 7/2 14055XAE2 4,769 5,000,000 PRN SOLE 1 5,000,000 CapitalSource Inc. DBCV 7.25% 7/3 14055XAG7 7,479 7,873,000 PRN SOLE 1 7,873,000 CapitalSource Inc. COM 14055X102 3,707 778,800 SH SOLE 1 778,800 Care Investment Trust Inc. COM 141657106 866 100,000 SH SOLE 1 100,000 Charming Shoppes, Inc. COM 161133103 1,230 327,900 SH SOLE 1 327,900 Chubb Corp. COM 171232101 3,501 70,000 SH SOLE 1 70,000 Citigroup Inc. COM 172967101 18,424 4,900,000 SH SOLE 1 4,900,000 Coca-Cola Enterprises Inc. COM 191219104 8,792 340,000 SH SOLE 1 340,000 Compass Minerals Intl Inc. COM 20451N101 1,757 25,000 SH SOLE 1 25,000 ConocoPhillips COM 20825C104 17,010 346,500 SH SOLE 1 346,500 Covanta Holding Corp COM 22282E102 1,659 100,000 SH SOLE 1 100,000 Cowen Group Inc NEW CL A 223622101 1,856 452,772 SH SOLE 1 452,772 Cross A T Co. CL A 227478104 623 124,011 SH SOLE 1 124,011 Destination Maternity Corp. COM 25065D100 7,590 300,000 SH SOLE 1 300,000 Dow Chemical Co. COM 260543103 2,785 117,400 SH SOLE 1 117,400 Duckwall-Alco Stores, Inc. COM 264142100 3,857 264,919 SH SOLE 1 264,919 Earthlink Inc. COM 270321102 162 20,359 SH SOLE 20,359 Ebay Inc. COM 278642103 2,857 145,700 SH SOLE 1 145,700 Encore Cap Group Inc COM 292554102 5,579 270,688 SH SOLE 1 270,688 Enzon Pharmaceuticals Inc. COM 293904108 6,044 567,524 SH SOLE 1 567,524 Exxon Mobil Corp. COM 30231G102 685 12,000 SH SOLE 12,000 Farmer Bros Co. COM 307675108 3,496 231,669 SH SOLE 1 231,669 First Savings Finl Group Inc COM 33621E109 1,176 90,400 SH SOLE 1 90,400 Forest City Enterprises Inc. CL A 345550107 11,012 972,800 SH SOLE 1 972,800 Fox Chase Bancorp Inc. COM 35137T108 1,196 125,000 SH SOLE 1 125,000 GAMCO Investors Inc. COM 361438104 2,909 78,200 SH SOLE 1 78,200 Gencorp Inc. COM 368682100 3,345 763,794 SH SOLE 1 763,794 Genzyme Corporation COM 372917104 3,300 65,000 SH SOLE 1 65,000 Getty Realty Corp. COM 374297109 812 36,218 SH SOLE 36,218 Global Industries Ltd. COM 379336100 826 183,900 SH SOLE 1 183,900 Goldman Sachs and Company COM 38141G104 5,251 40,000 SH SOLE 1 40,000 Goodrich Corp. COM 382388106 2,716 41,000 SH SOLE 1 41,000 Granite Construction Inc COM 387328107 993 42,125 SH SOLE 1 42,125 Great Florida Bk Miami Lakes Fla CL A 390528107 21 28,469 SH SOLE 28,469 GulfMark Offshore, Inc. COM 402629208 14,465 552,100 SH SOLE 1 552,100 Gyrodyne Co. America Inc. COM 403820103 296 6,305 SH SOLE 1 6,305 Harris Corp Del COM 413875105 5,623 135,000 SH SOLE 1 135,000 Heckmann Corp. COM 422680108 2,561 551,970 SH SOLE 1 551,970 Heritage Oaks Bancorp COM 42724R107 4,372 1,165,846 SH SOLE 1 1,165,846 Herley Inds Inc. COM 427398102 3,193 223,927 SH SOLE 1 223,927 Hilltop Holdings, Inc. COM 432748101 2,979 297,600 SH SOLE 1 297,600 Huntsman Corp. COM 447011107 3,468 400,000 SH SOLE 1 400,000 Huron Consulting Group Inc. COM 447462102 5,390 277,700 SH SOLE 1 277,700 John Bean Technologies Corp. COM 477839104 3,259 213,729 SH SOLE 1 213,729 Johnson & Johnson COM 478160104 2,658 45,000 SH SOLE 45,000 Johnson Outdoors Inc. CL A 479167108 4,282 380,666 SH SOLE 1 380,666 Kaiser Aluminum Corp. COM PAR $0.01 483007704 10,498 302,800 SH SOLE 1 302,800 LSB Industries Inc. COM 502160104 366 27,500 SH SOLE 1 27,500 Louisiana Bancorp Inc New COM 54619P104 2,622 186,436 SH SOLE 1 186,436 M & F Worldwide Corp. COM 552541104 2,588 95,500 SH SOLE 1 95,500 MVC Capital Inc. COM 553829102 2,150 166,400 SH SOLE 1 166,400 Malvern Federal Bancorp, Inc. COM 561410101 1,689 199,700 SH SOLE 1 199,700 Mariner Energy Inc. COM 56845T305 2,425 112,900 SH SOLE 1 112,900 Marlin Business Services Corp. COM 571157106 6,437 532,449 SH SOLE 1 532,449 McGraw Hill Companies Inc. COM 580645109 12,522 445,000 SH SOLE 1 445,000 Miller Inds Inc Tenn COM NEW 600551204 3,900 289,518 SH SOLE 1 289,518 Millipore Corporation COM 601073109 5,364 50,300 SH SOLE 1 50,300 National Fuel Gas Co N J COM 636180101 4,528 98,700 SH SOLE 1 98,700 Newell Rubbermaid Inc. COM 651229106 3,514 240,000 SH SOLE 1 240,000 Old Republic Intl Corp. COM 680223104 256 21,093 SH SOLE 21,093 OmniAmerican Bancorp Inc COM 68216R107 3,387 300,000 SH SOLE 1 300,000 One Liberty Properties Inc COM 682406103 1,809 121,312 SH SOLE 1 121,312 Peapack-Gladstone Financial Corp. COM 704699107 62 5,329 SH SOLE 5,329 Pepsico Inc. COM 713448108 3,080 50,539 SH SOLE 1 50,539 Pfizer Inc. COM 717081103 1,812 127,100 SH SOLE 127,100 Presidential Life Corp. COM 740884101 1,462 160,700 SH SOLE 1 160,700 Primoris Services Corp. COM 74164F103 1,506 239,000 SH SOLE 1 239,000 Primoris Services Corp. W EXP 10/02/2010 74164F111 247 180,500 SH SOLE 1 180,500 Prudential Bancorp Inc. PA COM 744319104 576 95,200 SH SOLE 1 95,200 RBC Bearings Inc COM 75524B104 1,783 61,499 SH SOLE 1 61,499 Rowan Companies, Inc. COM 779382100 6,988 318,485 SH SOLE 1 318,485 Royal Dutch Shell PLC Spon ADR A 780259206 920 14,800 SH SOLE 14,800 Ruths Hospitality Group Inc. COM 783332109 10,506 2,513,333 SH SOLE 1 2,513,333 S L Industries Inc. COM 784413106 60 4,964 SH SOLE 4,964 SLM Corp. COM 78442P106 1,707 164,300 SH SOLE 1 164,300 Safeguard Scientifics, Inc. COM NEW 786449207 3,332 315,525 SH SOLE 1 315,525 Sears Holdings Corp. COM 812350106 6,021 93,138 SH SOLE 93,138 Smith International, Inc. COM 832110100 4,179 111,000 SH SOLE 1 111,000 Somerset Hills Bancorp COM 834728107 202 24,885 SH SOLE 1 24,885 Symetra Financial Corp. COM 87151Q106 20,406 1,790,000 SH SOLE 1 1,790,000 Syms Corp. COM 871551107 1,530 215,487 SH SOLE 1 215,487 Synta Pharmaceuticals Crop. COM 87162T206 319 118,058 SH SOLE 1 118,058 TFS Financial Corp. COM 87240R107 4,840 390,000 SH SOLE 1 390,000 Tejon Ranch Co. COM 879080109 9,330 404,243 SH SOLE 1 404,243 Transatlantic Hldgs Inc COM 893521104 3,928 81,900 SH SOLE 1 81,900 United Therapeutics Corp COM 91307C102 3,378 69,200 SH SOLE 1 69,200 Unitrin Inc. COM 913275103 3,712 145,000 SH SOLE 1 145,000 Verisk Analytics Inc. CL A 92345Y106 299 10,000 SH SOLE 10,000 WHX Corp. COM PAR $.01 NEW 929248607 120 28,188 SH SOLE 28,188 Warwick Valley Tel Co COM 936750108 291 20,668 SH SOLE 1 20,668 Washington Post Co CL B 939640108 1,067 2,600 SH SOLE 1 2,600 West Coast Bancorp Ore. New COM 952145100 21,764 8,535,000 SH SOLE 1 8,535,000