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: March 31, 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 5/14/10 -------------------- ------------- ------- [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: 123 Form 13F Information Table Value Total: $490,346 -------- (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 5,175 115,394 SH SOLE 1 115,394 Enstar Group Ltd. SHS G3075P101 4,326 62,550 SH SOLE 1 62,550 Ingersoll-Rand PLC SHS G47791101 13,810 396,034 SH SOLE 1 396,034 TYCO International Ltd. SHS H8912P106 4,973 130,000 SH SOLE 1 130,000 Alcon Inc. COM SHS H01301102 242 1,500 SH SOLE 1 1,500 Abington Community Bancorp Inc. COM 00350L109 2,214 280,300 SH SOLE 1 280,300 Adaptec, Inc. COM 00651F108 234 71,508 SH SOLE 71,508 Akorn Inc. COM 009728106 448 292,800 SH SOLE 1 292,800 American Greetings Corp. CL A 026375105 3,960 190,000 SH SOLE 1 190,000 American River Bankshares COM 029326105 999 125,000 SH SOLE 1 125,000 Arkansas Best Corp. COM 040790107 9,173 307,000 SH SOLE 1 307,000 Armstrong World Inds Inc. COM 04247X102 363 10,000 SH SOLE 10,000 BJ Services Company COM 055482103 272 12,700 SH SOLE 1 12,700 BRT Realty Trust SH BEN 055645303 1,019 154,129 SH SOLE 1 154,129 INT NEW Bank of America Corporation COM 060505104 13,794 772,800 SH SOLE 1 772,800 Becton, Dickinson & Co. COM 075887109 9,054 115,000 SH SOLE 1 115,000 W.R. Berkley Corp. COM 084423102 261 10,000 SH SOLE 1 10,000 Berkshire Hathaway Inc. CL A 084670108 9,013 74 SH SOLE 1 74 Boeing Co. COM 097023105 1,452 20,000 SH SOLE 20,000 Buckeye GP Holdings LP COM 118167105 3,681 107,200 SH SOLE 1 107,200 UNITS LP Builders FirstSource Inc. COM 12008R107 520 165,222 SH SOLE 1 165,222 CIT Group Inc. COM NEW 125581801 1,188 30,497 SH SOLE 1 30,497 Cache, Inc. COM NEW 127150308 5,471 992,900 SH SOLE 1 992,900 Cape Bancorp Inc. COM 139209100 1,719 213,000 SH SOLE 1 213,000 CapitalSource Inc. COM 14055X102 3,450 617,200 SH SOLE 1 617,200 Care Investment Trust Inc. COM 141657106 892 100,000 SH SOLE 1 100,000 Charming Shoppes, Inc. COM 161133103 1,790 327,900 SH SOLE 1 327,900 Chubb Corp. COM 171232101 519 10,000 SH SOLE 1 10,000 Citigroup Inc. COM 172967101 17,820 4,400,000 SH SOLE 1 4,400,000 Coca-Cola Enterprises Inc. COM 191219104 277 10,000 SH SOLE 1 10,000 Compass Minerals Intl Inc. COM 20451N101 2,006 25,000 SH SOLE 1 25,000 ConocoPhillips COM 20825C104 17,730 346,500 SH SOLE 1 346,500 Conseco Inc COM NEW 208464883 13,204 2,122,814 SH SOLE 1 2,122,814 Corn Products Intl Inc. COM 219023108 1,906 55,000 SH SOLE 1 55,000 Covanta Holding Corp COM 22282E102 1,666 100,000 SH SOLE 1 100,000 Cowen Group Inc NEW CL A 223622101 2,109 372,700 SH SOLE 1 372,700 Cross A T Co. CL A 227478104 582 140,000 SH SOLE 1 140,000 Destination Maternity Corp. COM 25065D100 8,314 323,987 SH SOLE 1 323,987 Dow Chemical Co. COM 260543103 4,140 140,000 SH SOLE 1 140,000 Duckwall-Alco Stores, Inc. COM 264142100 3,839 264,919 SH SOLE 1 264,919 Earthlink Inc. COM 270321102 174 20,359 SH SOLE 20,359 Ebay Inc. COM 278642103 2,023 75,000 SH SOLE 1 75,000 Encore Cap Group Inc COM 292554102 7,253 440,900 SH SOLE 1 440,900 Enzon Pharmaceuticals Inc. COM 293904108 5,395 530,000 SH SOLE 1 530,000 Exxon Mobil Corp. COM 30231G102 804 12,000 SH SOLE 12,000 Farmer Bros Co. COM 307675108 4,342 231,669 SH SOLE 1 231,669 First California Financial COM NEW 319395109 1,056 400,000 SH SOLE 1 400,000 Group Inc. First Savings Finl Group Inc COM 33621E109 1,129 90,400 SH SOLE 1 90,400 Forest City Enterprises Inc. CL A 345550107 14,018 972,800 SH SOLE 1 972,800 GAMCO Investors Inc. COM 361438104 3,558 78,200 SH SOLE 1 78,200 Gencorp Inc. COM 368682100 4,399 763,794 SH SOLE 1 763,794 General Growth Properties Inc. COM 370021107 5,336 331,619 SH SOLE 1 331,619 Getty Realty Corp. COM 374297109 848 36,218 SH SOLE 1 36,218 Global Industries Ltd. COM 379336100 1,181 183,900 SH SOLE 1 183,900 Goodrich Corp. COM 382388106 2,891 41,000 SH SOLE 1 41,000 Granite Construction Inc COM 387328107 1,813 60,000 SH SOLE 1 60,000 Great Florida Bk Miami CL A 390528107 20 28,469 SH SOLE 28,469 Lakes Fla GulfMark Offshore, Inc. COM 402629208 14,658 552,100 SH SOLE 1 552,100 Gyrodyne Co. America Inc. COM 403820103 262 6,305 SH SOLE 1 6,305 Harris Corp Del COM 413875105 6,411 135,000 SH SOLE 1 135,000 Heckmann Corp. COM 422680108 3,201 551,970 SH SOLE 1 551,970 Herley Inds Inc. COM 427398102 3,283 223,927 SH SOLE 1 223,927 Hilltop Holdings, Inc. COM 432748101 3,497 297,600 SH SOLE 1 297,600 Huntsman Corp. COM 447011107 4,820 400,000 SH SOLE 1 400,000 Huron Consulting Group Inc. COM 447462102 6,342 312,400 SH SOLE 1 312,400 John Bean Technologies Corp. COM 477839104 1,761 100,400 SH SOLE 1 100,400 Johnson & Johnson COM 478160104 2,934 45,000 SH SOLE 45,000 Johnson Outdoors Inc. CL A 479167108 4,321 380,666 SH SOLE 1 380,666 Kaiser Aluminum Corp. COM PAR 483007704 11,430 296,350 SH SOLE 1 296,350 $0.01 Kraft Foods Inc. CL A 50075N104 12,096 400,000 SH SOLE 1 400,000 LSB Industries Inc. COM 502160104 218 14,285 SH SOLE 1 14,285 Louisiana Bancorp Inc New COM 54619P104 3,606 236,436 SH SOLE 1 236,436 Lydall, Inc. COM 550819106 296 37,651 SH SOLE 1 37,651 M & F Worldwide Corp. COM 552541104 2,922 95,500 SH SOLE 1 95,500 MVC Capital Inc. COM 553829102 2,258 166,400 SH SOLE 1 166,400 Malvern Federal Bancorp, Inc. COM 561410101 1,927 199,700 SH SOLE 1 199,700 Marlin Business Services Corp. COM 571157106 5,404 532,449 SH SOLE 1 532,449 McGraw Hill Companies Inc. COM 580645109 9,002 252,500 SH SOLE 1 252,500 Miller Inds Inc Tenn COM NEW 600551204 3,599 289,518 SH SOLE 1 289,518 Millipore Corporation COM 601073109 1,204 11,400 SH SOLE 1 11,400 National Fuel Gas Co N J COM 636180101 4,989 98,700 SH SOLE 1 98,700 Newell Rubbermaid Inc. COM 651229106 3,648 240,000 SH SOLE 1 240,000 NorthWestern Corp. COM NEW 668074305 3,359 125,294 SH SOLE 1 125,294 Old Republic Intl Corp. COM 680223104 267 21,093 SH SOLE 21,093 One Liberty Properties Inc COM 682406103 2,021 121,312 SH SOLE 1 121,312 PGT Inc. COM 69336V101 132 72,800 SH SOLE 1 72,800 Peapack-Gladstone Financial COM 704699107 617 39,298 SH SOLE 1 39,298 Corp. Penn Miller Holding Corp. COM 707561106 911 75,000 SH SOLE 1 75,000 Penn Va Corp COM 707882106 1,232 50,300 SH SOLE 1 50,300 Pepsico Inc. COM 713448108 3,344 50,539 SH SOLE 1 50,539 Pfizer Inc. COM 717081103 2,180 127,100 SH SOLE 127,100 Pilgrim's Pride Corp New COM 72147K108 2,660 250,000 SH SOLE 1 250,000 Presidential Life Corp. COM 740884101 1,602 160,700 SH SOLE 1 160,700 Primoris Services Corp. COM 74164F103 1,850 239,000 SH SOLE 1 239,000 Primoris Services Corp. W EXP 74164F111 522 180,500 SH SOLE 1 180,500 10/02/2010 Prudential Bancorp Inc. PA COM 744319104 803 95,200 SH SOLE 1 95,200 RBC Bearings Inc COM 75524B104 1,960 61,499 SH SOLE 1 61,499 Regions Financial Corp. COM 7591EP100 3,540 450,900 SH SOLE 1 450,900 Riskmetrics Group Inc. COM 767735103 113 5,000 SH SOLE 1 5,000 Rowan Companies, Inc. COM 779382100 9,271 318,485 SH SOLE 1 318,485 Royal Dutch Shell PLC Spon 780259206 920 14,800 SH SOLE 14,800 ADR A Ruths Hospitality Group Inc. COM 783332109 12,645 2,385,932 SH SOLE 1 2,385,932 SLM Corp. COM 78442P106 6,512 520,100 SH SOLE 1 520,100 Safeguard Scientifics, Inc. COM 786449108 4,102 315,525 SH SOLE 1 315,525 Seacoast Banking Corp of Florida COM 811707306 895 529,700 SH SOLE 1 529,700 Sears Holdings Corp. COM 812350106 10,099 93,138 SH SOLE 93,138 Smith International, Inc. COM 832110100 1,285 30,000 SH SOLE 1 30,000 Somerset Hills Bancorp COM 834728107 192 23,700 SH SOLE 1 23,700 Starwood Hotels & Resorts COM 85590A401 466 10,000 SH SOLE 1 10,000 Symetra Financial Corp. COM 87151Q106 16,339 1,305,000 SH SOLE 1 1,305,000 Syms Corp. COM 871551107 2,146 215,487 SH SOLE 1 215,487 TFS Financial Corp. COM 87240R107 5,207 390,000 SH SOLE 1 390,000 Terra Industries Inc. COM 880915103 7,550 165,000 SH SOLE 1 165,000 Transatlantic Hldgs Inc COM 893521104 4,324 81,900 SH SOLE 1 81,900 United Therapeutics Corp COM 91307C102 1,549 28,000 SH SOLE 1 28,000 Unitrin Inc. COM 913275103 4,067 145,000 SH SOLE 1 145,000 Varian Inc. COM 922206107 4,014 77,522 SH SOLE 1 77,522 Verisk Analytics Inc. CL A 92345Y106 282 10,000 SH SOLE 10,000 WHX Corp. COM PAR 929248607 69 28,188 SH SOLE 28,188 $.01 NEW Warwick Valley Tel Co COM 936750108 296 20,768 SH SOLE 1 20,768 Washington Post Co CL B 939640108 1,510 3,400 SH SOLE 1 3,400 West Coast Bancorp Ore. New COM 952145100 22,020 8,535,000 SH SOLE 1 8,535,000 XTO Energy Inc. COM 98385X106 3,539 75,000 SH SOLE 1 75,000