13F-HR 1 form13f.txt FORM 13F 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, 2009 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: New York, NY 8/14/09 -------------------- ------------ ------- [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: 104 --- Form 13F Information Table Value Total: $286,829 -------- (thousands) List of Other Included Managers: 1 MFP Investors LLC

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- -------- -------- -------- -------- NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------ -------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- Allied World Assur Hldg Ltd. SHS G0219G203 4,712 115,394 SH SOLE 1 115,394 Enstar Group Ltd. SHS G3075P101 3,681 62,550 SH SOLE 1 62,550 Ingersoll-Rand Company Ltd. CL A G4776G101 8,277 396,034 SH SOLE 1 396,034 TYCO Inter- national Ltd. Bermuda SHS G9143X208 5,936 228,475 SH SOLE 1 228,475 Abington Community Bancorp Inc. COM 00350L109 2,993 376,000 SH SOLE 1 376,000 American Greetings Corp. CL A 026375105 5,282 452,253 SH SOLE 1 452,253 Arkansas Best Corp. COM 040790107 4,603 174,700 SH SOLE 1 174,700 Armstrong World Inds Inc. COM 04247X102 330 20,000 SH SOLE 20,000 BCSB Bankcorp, Inc. COM 055367106 352 43,400 SH SOLE 1 43,400 BKF Cap Group Inc. COM 05548G102 279 293,800 SH SOLE 1 293,800 BRT Realty SH BEN Trust INT NEW 055645303 562 124,813 SH SOLE 1 124,813 BNCCORP Inc. COM 055936108 1,052 147,069 SH SOLE 1 147,069 Belo COM Corporation SER A 080555105 283 157,900 SH SOLE 1 157,900 Boeing Co. COM 097023105 850 20,000 SH SOLE 20,000 Buckeye GP COM Holdings LP UNITS LP 118167105 2,174 107,200 SH SOLE 1 107,200 CF Industries Hldgs Inc COM 125269100 7,414 100,000 SH SOLE 1 100,000 Cache, COM Inc. NEW 127150308 651 167,900 SH SOLE 1 167,900 Cape Bancorp Inc. COM 139209100 1,281 148,400 SH SOLE 1 148,400 CapitalSource Inc. COM 14055X102 4,026 825,000 SH SOLE 1 825,000 Centex Corp. COM 152312104 550 65,000 SH SOLE 1 65,000 Charming Shoppes, Inc. COM 161133103 1,220 327,900 SH SOLE 1 327,900 Conoco Phillips COM 20825C104 14,574 346,500 SH SOLE 1 346,500 Conseco COM Inc NEW 208464883 5,215 2,200,564 SH SOLE 1 2,200,564 Cross A T Co. CL A 227478104 139 34,806 SH SOLE 1 34,806 Dearborn Bancorp Inc. COM 24242R108 374 208,000 SH SOLE 1 208,000 Destination Maternity Corp. COM 25065D100 5,459 327,300 SH SOLE 1 327,300 Dow Chemical Co. COM 260543103 6,456 400,000 SH SOLE 1 400,000 Duckwall-Alco Stores, Inc. COM 264142100 4,448 265,944 SH SOLE 1 265,944 Ebay Inc. COM 278642103 1,713 100,000 SH SOLE 1 100,000 Embarq Corp. COM 29078E105 6,309 150,000 SH SOLE 1 150,000 Encore Cap Group Inc COM 292554102 8,264 623,735 SH SOLE 1 623,735 Enzon Pharmaceuticals Inc. COM 293904108 1,187 150,100 SH SOLE 1 150,100 Exxon Mobil Corp. COM 30231G102 839 12,000 SH SOLE 12,000 Farmer Bros Co. COM 307675108 5,248 229,352 SH SOLE 1 229,352 Fifth Third Bancorp COM 316773100 71 10,000 SH SOLE 1 10,000 First Savings Finl Group Inc COM 33621E109 536 54,500 SH SOLE 1 54,500 Forest City Enterprises Inc. CL A 345550107 6,039 915,000 SH SOLE 1 915,000 GAMCO Investors Inc. COM 361438104 3,793 78,200 SH SOLE 1 78,200 Gencorp Inc. COM 368682100 1,411 739,000 SH SOLE 1 739,000 Getty Realty Corp. COM 374297109 683 36,218 SH SOLE 36,218 Goodrich Corp. COM 382388106 2,049 41,000 SH SOLE 1 41,000 Great Florida Bk Miami Lakes Fla CL A 390528107 48 28,469 SH SOLE 28,469 Gyrodyne Co. America Inc. COM 403820103 226 5,391 SH SOLE 5,391 GulfMark Offshore, Inc. COM 402629109 4,722 171,100 SH SOLE 1 171,100 Harris Corp Del COM 413875105 3,829 135,000 SH SOLE 1 135,000 Heckmann Corp. COM 422680108 2,203 587,500 SH SOLE 1 587,500 Herley Inds Inc. COM 427398102 1,290 117,600 SH SOLE 1 117,600 Hilltop Holdings, Inc. COM 432748101 3,533 297,600 SH SOLE 1 297,600 Home Bancorp Inc COM 43689E107 1,196 100,200 SH SOLE 1 100,200 Huntsman Corp. COM 447011107 2,012 400,000 SH SOLE 1 400,000 ICO Inc. New COM 449293109 2,061 757,800 SH SOLE 1 757,800 JP Morgan Chase & Co. COM 46625H100 1,706 50,000 SH SOLE 1 50,000 Johnson & Johnson COM 478160104 2,556 45,000 SH SOLE 45,000 Johnson Outdoors Inc. CL A 479167108 1,967 357,034 SH SOLE 1 357,034 Kaiser COM Aluminum PAR Corp. $0.01 483007704 9,337 260,000 SH SOLE 1 260,000 Louisiana Bancorp Inc New COM 54619P104 6,100 456,953 SH SOLE 1 456,953 M & F Worldwide Corp. COM 552541104 2,350 117,500 SH SOLE 1 117,500 MVC Capital Inc. COM 553829102 2,481 293,300 SH SOLE 1 293,300 Malvern Federal Bancorp, Inc. COM 561410101 2,166 222,200 SH SOLE 1 222,200 Marlin Business Services Corp. COM 571157106 2,142 382,449 SH SOLE 1 382,449 McGraw Hill Companies Inc. COM 580645109 5,974 198,400 SH SOLE 1 198,400 Metropcs Communications Inc. COM 591708102 466 35,000 SH SOLE 1 35,000 Miller Inds COM Inc StateTenn NEW 600551204 2,548 289,518 SH SOLE 1 289,518 National Fuel Gas Co N J COM 636180101 5,726 158,700 SH SOLE 1 158,700 Newell Rubbermaid Inc. COM 651229106 677 65,000 SH SOLE 1 65,000 NorthWestern COM Corp. NEW 668074305 3,910 171,800 SH SOLE 1 171,800 Nova Chemical Corp. COM 66977W109 1,186 200,000 SH SOLE 1 200,000 Old Republic Intl Corp. COM 680223104 208 21,093 SH SOLE 21,093 One Liberty Properties Inc COM 682406103 646 112,387 SH SOLE 1 112,387 Peapack- Gladstone Financial Corp. COM 704699107 116 6,023 SH SOLE 6,023 Pepsi Bottling Group Inc. COM 713409100 3,384 100,000 SH SOLE 1 100,000 Pepsi- Americas Inc. COM 71343P200 2,681 100,000 SH SOLE 1 100,000 Pfizer Inc. COM 717081103 1,907 127,100 SH SOLE 127,100 Presidential Life Corp. COM 740884101 1,030 136,100 SH SOLE 1 136,100 Primoris Services Corp. COM 74164F103 1,773 239,000 SH SOLE 1 239,000 Primoris W EXP Services Corp. 10/02/2010 74164F111 399 180,500 SH SOLE 1 180,500 Prudential Bancorp Inc. PA COM 744319104 1,260 106,700 SH SOLE 1 106,700 Regions Financial Corp. COM 7591EP100 3,287 813,500 SH SOLE 1 813,500 Rome Bancorp Inc. New COM 77587P103 244 29,100 SH SOLE 1 29,100 Rowan Companies, Inc. COM 779382100 5,564 288,000 SH SOLE 1 288,000 Royal Dutch Spon Shell PLC ADR A 780259206 742 14,800 SH SOLE 14,800 SLM Corp. COM 78442P106 5,341 520,100 SH SOLE 1 520,100 Safeguard Scientifics, Inc. COM 786449108 2,499 1,893,158 SH SOLE 1 1,893,158 Schering- Plough Corp. COM 806605101 691 27,500 SH SOLE 1 27,500 Sears Holdings Corp. COM 812350106 6,196 93,138 SH SOLE 93,138 Somerset Hills Bancorp COM 834728107 167 22,200 SH SOLE 1 22,200 South Finl Group Inc. COM 837841105 1,785 1,500,000 SH SOLE 1 1,500,000 Starwood Hotels & Resorts COM 85590A401 222 10,000 SH SOLE 10,000 State Bancorp Inc N.Y. COM 855716106 909 120,200 SH SOLE 1 120,200 Suntrust Banks Inc. COM 867914103 1,234 75,000 SH SOLE 1 75,000 Syms Corp. COM 871551107 1,041 138,569 SH SOLE 1 138,569 TFS Financial Corp. COM 87240R107 2,936 276,500 SH SOLE 1 276,500 Telephone & Data Systems Inc. COM 879433100 3,962 140,000 SH SOLE 1 140,000 Terra Industries Inc. COM 880915103 7,789 321,600 SH SOLE 1 321,600 Transatlantic Hldgs Inc COM 893521104 4,008 92,500 SH SOLE 1 92,500 Unitrin Inc. COM 913275103 1,623 135,000 SH SOLE 1 135,000 Valero Energy Corp New COM 91913Y100 1,773 105,000 SH SOLE 1 105,000 Vornado DBCV Rlty L P 3.625% 11/15/26 929043AE7 908 1,000,000 PRN SOLE 1 1,000,000 Warwick Valley Tel Co COM 936750108 239 20,768 SH SOLE 1 20,768 Washington Post Co CL B 939640108 1,197 3,400 SH SOLE 1 3,400 Websense Inc. COM 947684106 1,964 110,100 SH SOLE 1 110,100 WellCare Health Plans Inc. COM 94946T106 1,849 100,000 SH SOLE 1 100,000 Wells Fargo & placeCo. New COM 949746101 4,901 202,000 SH SOLE 1 202,000 Wyeth COM 983024100 6,627 146,000 SH SOLE 1 146,000