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: September 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 11/13/09 ------------- ------------- ------- [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)). 2 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 - Form 13F Information Table Entry Total: 102 --- Form 13F Information Table Value Total: $337,727 -------- (thousands) List of Other Included Managers: 1 MFP Investors LLC

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 -------- -------- -------- -------- -------- -------- -------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS -------------- -------------- ------- -------- -------- ---- --- --------- -------- Allied World Assur Hldg Ltd. SHS G0219G203 5,531 115,394 SH SOLE 1 Enstar Group Ltd. SHS G3075P101 3,886 62,550 SH SOLE 1 Ingersoll-Rand PLC CL A G47791101 12,146 396,034 SH SOLE 1 Abington Community Bancorp Inc. COM 00350L109 2,750 355,300 SH SOLE 1 Adaptec, Inc. COM 00651F108 239 71,508 SH SOLE American Greetings Corp. CL A 026375105 5,575 250,000 SH SOLE 1 Arkansas Best Corp. COM 040790107 3,596 120,100 SH SOLE 1 Armstrong World Inds Inc. COM 04247X102 689 20,000 SH SOLE BCSB Bankcorp, Inc. COM 055367106 372 43,400 SH SOLE 1 BJ Services Company COM 055482103 247 12,700 SH SOLE 1 BRT Realty Trust SH BEN INT NEW 055645303 711 124,813 SH SOLE 1 Boeing Co. COM 097023105 1,083 20,000 SH SOLE Buckeye GP Holdings LP COM UNITS LP 118167105 2,583 107,200 SH SOLE 1 CF Industries Hldgs Inc COM 125269100 8,623 100,000 SH SOLE 1 Cache, Inc. COM NEW 127150308 833 167,900 SH SOLE 1 Cadbury PLC SPONS ADR 12721E102 128 2,500 SH SOLE 1 Cape Bancorp Inc. COM 139209100 1,167 152,000 SH SOLE 1 CapitalSource Inc. COM 14055X102 2,958 681,600 SH SOLE 1 Charlotte Russe Holding Inc. COM 161048103 438 25,000 SH SOLE 1 Charming Shoppes, Inc. COM 161133103 1,616 327,900 SH SOLE 1 ConocoPhillips COM 20825C104 15,648 346,500 SH SOLE 1 Conseco Inc COM NEW 208464883 11,166 2,122,814 SH SOLE 1 Cross A T Co. CL A 227478104 139 34,806 SH SOLE 1 Destination Maternity Corp. COM 25065D100 5,825 321,316 SH SOLE 1 Dow Chemical Co. COM 260543103 9,776 375,000 SH SOLE 1 Duckwall-Alco Stores, Inc. COM 264142100 4,657 264,919 SH SOLE 1 Eagle Bancorp Inc MD COM 268948106 958 100,000 SH SOLE 1 Earthlink Inc. COM 270321102 171 20,359 SH SOLE Ebay Inc. COM 278642103 1,770 75,000 SH SOLE 1 Encore Cap Group Inc COM 292554102 7,623 566,800 SH SOLE 1 Enzon Pharmaceuticals Inc. COM 293904108 1,980 240,000 SH SOLE 1 Exxon Mobil Corp. COM 30231G102 823 12,000 SH SOLE Farmer Bros Co. COM 307675108 4,796 231,669 SH SOLE 1 First Savings Finl Group Inc COM 33621E109 967 90,400 SH SOLE 1 Forest City Enterprises Inc. CL A 345550107 13,006 972,800 SH SOLE 1 GAMCO Investors Inc. COM 361438104 3,574 78,200 SH SOLE 1 Gencorp Inc. COM 368682100 4,094 763,794 SH SOLE 1 GenTek Inc. COM NEW 37245X203 3,804 100,000 SH SOLE 1 Getty Realty Corp. COM 374297109 889 36,218 SH SOLE Goodrich Corp. COM 382388106 2,228 41,000 SH SOLE 1 Great Florida Bk Miami Lakes Fla CL A 390528107 42 28,469 SH SOLE GulfMark Offshore, Inc. COM 402629109 3,801 116,100 SH SOLE 1 Gyrodyne Co. America Inc. COM 403820103 226 5,391 SH SOLE Harris Corp Del COM 413875105 5,076 135,000 SH SOLE 1 Heckmann Corp. COM 422680108 2,737 597,500 SH SOLE 1 Herley Inds Inc. COM 427398102 2,503 191,800 SH SOLE 1 Hilltop Holdings, Inc. COM 432748101 3,649 297,600 SH SOLE 1 Home Bancorp Inc COM 43689E107 1,219 100,200 SH SOLE 1 Huntsman Corp. COM 447011107 3,644 400,000 SH SOLE 1 Huron Consulting Group Inc. COM 447462102 10,009 387,500 SH SOLE 1 ICO Inc. New COM 449293109 3,539 757,800 SH SOLE 1 Johnson & Johnson COM 478160104 2,740 45,000 SH SOLE Johnson Outdoors Inc. CL A 479167108 3,213 357,034 SH SOLE 1 Kaiser Aluminum Corp. COM PAR $0.01 483007704 9,454 260,000 SH SOLE 1 Louisiana Bancorp Inc New COM 54619P104 6,425 458,936 SH SOLE 1 Lydall, Inc. COM 550819106 343 65,200 SH SOLE 1 M & F Worldwide Corp. COM 552541104 2,378 117,500 SH SOLE 1 MVC Capital Inc. COM 553829102 2,575 293,300 SH SOLE 1 Malvern Federal Bancorp, Inc. COM 561410101 2,089 222,200 SH SOLE 1 Marlin Business Services Corp. COM 571157106 3,128 382,449 SH SOLE 1 Marvel Entertainment Inc. COM 57383T103 1,637 33,000 SH SOLE 1 McGraw Hill Companies Inc. COM 580645109 6,348 252,500 SH SOLE 1 Metropcs Communications Inc. COM 591708102 3,042 325,000 SH SOLE 1 Miller Inds Inc Tenn COM NEW 600551204 3,185 289,518 SH SOLE 1 National Fuel Gas Co N J COM 636180101 4,980 108,700 SH SOLE 1 Newell Rubbermaid Inc. COM 651229106 1,020 65,000 SH SOLE 1 NorthWestern Corp. COM NEW 668074305 4,197 171,800 SH SOLE 1 Old Republic Intl Corp. COM 680223104 257 21,093 SH SOLE One Liberty Properties Inc COM 682406103 1,050 116,694 SH SOLE 1 Peapack-Gladstone Financial Corp. COM 704699107 86 5,329 SH SOLE Pepsi Bottling Group Inc. COM 713409100 1,458 40,000 SH SOLE 1 Pfizer Inc. COM 717081103 2,104 127,100 SH SOLE Presidential Life Corp. COM 740884101 1,410 136,100 SH SOLE 1 Primoris Services Corp. COM 74164F103 1,723 239,000 SH SOLE 1 Primoris Services Corp. W EXP 10/02/2010 74164F111 401 180,500 SH SOLE 1 Prudential Bancorp Inc. PA COM 744319104 1,071 106,700 SH SOLE 1 Regions Financial Corp. COM 7591EP100 5,284 850,900 SH SOLE 1 Rome Bancorp Inc. New COM 77587P103 255 29,100 SH SOLE 1 Rowan Companies, Inc. COM 779382100 7,347 318,485 SH SOLE 1 Royal Dutch Shell PLC Spon ADR A 780259206 846 14,800 SH SOLE SLM Corp. COM 78442P106 4,535 520,100 SH SOLE 1 SPSS Inc. COM 78462K102 683 13,677 SH SOLE 1 Safeguard Scientifics, Inc. COM 786449108 3,461 315,525 SH SOLE 1 Schering-Plough Corp. COM 806605101 3,814 135,000 SH SOLE 1 Seacoast Banking Corp of Florida COM 811707306 1,260 500,000 SH SOLE 1 Sears Holdings Corp. COM 812350106 6,083 93,138 SH SOLE Smithfield Foods Inc. COM 832248108 2,760 200,000 SH SOLE 1 Somerset Hills Bancorp COM 834728107 180 22,200 SH SOLE 1 South Finl Group Inc. COM 837841105 2,508 1,706,100 SH SOLE 1 State Bancorp Inc N.Y. COM 855716106 1,016 120,200 SH SOLE 1 Starwood Hotels & Resorts COM 85590A401 330 10,000 SH SOLE Sunoco Inc. COM 86764P109 711 25,000 SH SOLE 1 Syms Corp. COM 871551107 1,121 138,570 SH SOLE 1 TFS Financial Corp. COM 87240R107 3,356 282,000 SH SOLE 1 Terra Industries Inc. COM 880915103 14,041 405,000 SH SOLE 1 Transatlantic Hldgs Inc COM 893521104 4,641 92,500 SH SOLE 1 Unitrin Inc. COM 913275103 2,826 145,000 SH SOLE 1 COM PAR $.01 WHX Corp. NEW 929248607 54 28,188 SH SOLE Warwick Valley Tel Co COM 936750108 245 20,768 SH SOLE 1 Washington Post Co CL B 939640108 1,591 3,400 SH SOLE 1 Websense Inc. COM 947684106 2,381 141,700 SH SOLE 1 Wyeth COM 983024100 14,574 300,000 SH SOLE 1 COLUMN 1 COLUMN 8 -------- -------- VOTING AUTHORITY NAME OF ISSUER SOLE SHARED NONE -------------- ----- ------ ---- Allied World Assur Hldg Ltd. 115,394 Enstar Group Ltd. 62,550 Ingersoll-Rand PLC 396,034 Abington Community Bancorp Inc. 355,300 Adaptec, Inc. 71,508 American Greetings Corp. 250,000 Arkansas Best Corp. 120,100 Armstrong World Inds Inc. 20,000 BCSB Bankcorp, Inc. 43,400 BJ Services Company 12,700 BRT Realty Trust 124,813 Boeing Co. 20,000 Buckeye GP Holdings LP 107,200 CF Industries Hldgs Inc 100,000 Cache, Inc. 167,900 Cadbury PLC 2,500 Cape Bancorp Inc. 152,000 CapitalSource Inc. 681,600 Charlotte Russe Holding Inc. 25,000 Charming Shoppes, Inc. 327,900 ConocoPhillips 346,500 Conseco Inc 2,122,814 Cross A T Co. 34,806 Destination Maternity Corp. 321,316 Dow Chemical Co. 375,000 Duckwall-Alco Stores, Inc. 264,919 Eagle Bancorp Inc MD 100,000 Earthlink Inc. 20,359 Ebay Inc. 75,000 Encore Cap Group Inc 566,800 Enzon Pharmaceuticals Inc. 240,000 Exxon Mobil Corp. 12,000 Farmer Bros Co. 231,669 First Savings Finl Group Inc 90,400 Forest City Enterprises Inc. 972,800 GAMCO Investors Inc. 78,200 Gencorp Inc. 763,794 GenTek Inc. 100,000 Getty Realty Corp. 36,218 Goodrich Corp. 41,000 Great Florida Bk Miami Lakes Fla 28,469 GulfMark Offshore, Inc. 116,100 Gyrodyne Co. America Inc. 5,391 Harris Corp Del 135,000 Heckmann Corp. 597,500 Herley Inds Inc. 191,800 Hilltop Holdings, Inc. 297,600 Home Bancorp Inc 100,200 Huntsman Corp. 400,000 Huron Consulting Group Inc. 387,500 ICO Inc. New 757,800 Johnson & Johnson 45,000 Johnson Outdoors Inc. 357,034 Kaiser Aluminum Corp. 260,000 Louisiana Bancorp Inc New 458,936 Lydall, Inc. 65,200 M & F Worldwide Corp. 117,500 MVC Capital Inc. 293,300 Malvern Federal Bancorp, Inc. 222,200 Marlin Business Services Corp. 382,449 Marvel Entertainment Inc. 33,000 McGraw Hill Companies Inc. 252,500 Metropcs Communications Inc. 325,000 Miller Inds Inc Tenn 289,518 National Fuel Gas Co N J 108,700 Newell Rubbermaid Inc. 65,000 NorthWestern Corp. 171,800 Old Republic Intl Corp. 21,093 One Liberty Properties Inc 116,694 Peapack-Gladstone Financial Corp. 5,329 Pepsi Bottling Group Inc. 40,000 Pfizer Inc. 127,100 Presidential Life Corp. 136,100 Primoris Services Corp. 239,000 Primoris Services Corp. 180,500 Prudential Bancorp Inc. PA 106,700 Regions Financial Corp. 850,900 Rome Bancorp Inc. New 29,100 Rowan Companies, Inc. 318,485 Royal Dutch Shell PLC 14,800 SLM Corp. 520,100 SPSS Inc. 13,677 Safeguard Scientifics, Inc. 315,525 Schering-Plough Corp. 135,000 Seacoast Banking Corp of Florida 500,000 Sears Holdings Corp. 93,138 Smithfield Foods Inc. 200,000 Somerset Hills Bancorp 22,200 South Finl Group Inc. 1,706,100 State Bancorp Inc N.Y. 120,200 Starwood Hotels & Resorts 10,000 Sunoco Inc. 25,000 Syms Corp. 138,570 TFS Financial Corp. 282,000 Terra Industries Inc. 405,000 Transatlantic Hldgs Inc 92,500 Unitrin Inc. 145,000 WHX Corp. 28,188 Warwick Valley Tel Co 20,768 Washington Post Co 3,400 Websense Inc. 141,700 Wyeth 300,000