0001140361-11-053516.txt : 20111114 0001140361-11-053516.hdr.sgml : 20111111 20111114172439 ACCESSION NUMBER: 0001140361-11-053516 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 EFFECTIVENESS DATE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pentwater Capital Management LP CENTRAL INDEX KEY: 0001425851 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12843 FILM NUMBER: 111204641 BUSINESS ADDRESS: STREET 1: 227 WEST MONROE STREET 2: SUITE 4000 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312-589-6400 MAIL ADDRESS: STREET 1: 227 WEST MONROE STREET 2: SUITE 4000 CITY: CHICAGO STATE: IL ZIP: 60606 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9/30/2011 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: Pentwater Capital Management LP Address: 227 West Monroe Street, Suite 4000 Chicago, IL 60606 Form 13F File Number: 28-12843 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Neal Nenadovic Title: Chief Financial Officer Phone: 312-589-6405 Signature, Place, and Date of Signing: /s/ Neal Nenadovic Chicago, IL 11/14/2011 --------------------------------- --------------------------------- ---------- [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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 122 Form 13F Information Table Value Total: $ 3,806,019 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------ ------------------ --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------ ------------------ --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- 99 CENTS ONLY STORES COM 65440K106 6447 350000 SH SOLE 350000 0 0 ADVANCED ANALOGIC TECHNOLOGIES COM 00752J108 6495 1500000 SH SOLE 1500000 0 0 AIR PRODS & CHEMS INC COM 009158956 1527 20000 SH PUT SOLE 20000 0 0 AIRGAS INC COM 009363102 8297 130000 SH SOLE 130000 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 4246 240000 SH SOLE 240000 0 0 ALPHA NATURAL RESOURCES INC COM 02076X952 9818 555000 SH PUT SOLE 555000 0 0 AMERICAN INTL GROUP INC COM 026874954 9000 410000 SH PUT SOLE 410000 0 0 AMERICAN INTL GROUP INC COM 026874784 3380 154000 SH SOLE 154000 0 0 AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 2827 462000 SH SOLE 462000 0 0 AMERICAN TOWER CORP CL A 029912201 59395 1104000 SH SOLE 1104000 0 0 AMERICAN TOWER CORP COM 029912951 31742 590000 SH PUT SOLE 590000 0 0 AMERICAN TOWER CORP COM 029912901 21520 400000 SH CALL SOLE 400000 0 0 ATLAS ENERGY LP COM 04930A954 3714 200000 SH PUT SOLE 200000 0 0 ATP OIL & GAS CORP COM 00208J108 701 90982 SH SOLE 90982 0 0 ATP OIL & GAS CORP COM 00208J958 5860 760000 SH PUT SOLE 760000 0 0 ATP OIL & GAS CORP COM 00208J908 154 20000 SH CALL SOLE 20000 0 0 BANK OF AMERICA CORPORATION COM 060505904 329 53800 SH CALL SOLE 53800 0 0 BJS WHOLESALE CLUB INC COM 05548J956 5124 100000 SH PUT SOLE 100000 0 0 BJS WHOLESALE CLUB INC COM 05548J106 126819 2475000 SH SOLE 2475000 0 0 BLACKBOARD INC COM 091935502 76815 1720000 SH SOLE 1720000 0 0 CEPHALON INC COM 156708109 99261 1230000 SH SOLE 1230000 0 0 CHINA FIRE & SEC GROUP INC COM 16938R103 12103 1380020 SH SOLE 1380020 0 0 CHINA FIRE & SEC GROUP INC COM 16938R953 1054 120200 SH PUT SOLE 120200 0 0 CHINA FIRE & SEC GROUP INC COM 16938R903 833 95000 SH CALL SOLE 95000 0 0 CITIGROUP INC COM 172967954 31763 1240000 SH PUT SOLE 1240000 0 0 CITIGROUP INC COM 172967424 16728 653068 SH SOLE 653068 0 0 DIAMOND FOODS INC COM 252603105 31021 388740 SH SOLE 388740 0 0 DIAMOND FOODS INC COM 252603955 14364 180000 SH PUT SOLE 180000 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 160086 2843448 SH SOLE 2843448 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743955 73190 1300000 SH PUT SOLE 1300000 0 0 EMDEON INC CL A 29084T104 6132 326325 SH SOLE 326325 0 0 EXELIXIS INC COM 30161Q954 874 160000 SH PUT SOLE 160000 0 0 EXELIXIS INC COM 30161Q104 874 160000 SH SOLE 160000 0 0 EXPRESS SCRIPTS INC COM 302182900 5931 160000 SH CALL SOLE 160000 0 0 FLOTEK INDS INC COM 343389102 572 122400 SH SOLE 122400 0 0 FUSHI COPPERWELD INC COM 36113E107 7158 1446122 SH SOLE 1446122 0 0 GENERAL MTRS CO COM 37045V100 1009 50000 SH SOLE 50000 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V118 11517 989454 SH SOLE 989454 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V126 7926 999454 SH SOLE 999454 0 0 GENERAL MTRS CO COM 37045V950 46111 2285000 SH PUT SOLE 2285000 0 0 GLOBAL EAGLE ACQUISITION COR UNIT 99/99/9999 37951D201 2010 200000 SH SOLE 200000 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 2329 24631 SH SOLE 24631 0 0 GOLDMAN SACHS GROUP INC COM 38141G954 14183 150000 SH PUT SOLE 150000 0 0 GOLDMAN SACHS GROUP INC COM 38141G904 17492 185000 SH CALL SOLE 185000 0 0 GOODRICH CORP COM 382388106 182022 1508300 SH SOLE 1508300 0 0 GOODRICH CORP COM 382388956 77573 642800 SH PUT SOLE 642800 0 0 GRACE W R & CO COM 38388F958 5162 155000 SH PUT SOLE 155000 0 0 GRACE W R & CO COM 38388F908 4163 125000 SH CALL SOLE 125000 0 0 GRACE W R & CO COM 38388F108 8325 250000 SH SOLE 250000 0 0 HARBIN ELECTRIC INC COM 41145W909 28827 1396000 SH CALL SOLE 1396000 0 0 HARBIN ELECTRIC INC COM 41145W959 43551 2109000 SH PUT SOLE 2109000 0 0 HEARTWARE INTL INC COM 422368100 15716 244000 SH SOLE 244000 0 0 INTERDIGITAL INC COM 45867G951 5007 107500 SH PUT SOLE 107500 0 0 INTERDIGITAL INC COM 45867G901 824 17700 SH CALL SOLE 17700 0 0 INTERDIGITAL INC COM 45867G101 1770 38000 SH SOLE 38000 0 0 IVANHOE MINES LTD COM 46579N103 7741 565000 SH SOLE 565000 0 0 IVANHOE MINES LTD COM 46579N903 8015 585000 SH CALL SOLE 585000 0 0 IVANHOE MINES LTD COM 46579N953 10549 770000 SH PUT SOLE 770000 0 0 JOHNSON & JOHNSON COM 478160954 38373 602500 SH PUT SOLE 602500 0 0 JOHNSON & JOHNSON COM 478160904 16559 260000 SH CALL SOLE 260000 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------ ------------------ --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------ ------------------ --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- JPMORGAN CHASE & CO COM 46625H950 124396 4130000 SH PUT SOLE 4130000 0 0 JPMORGAN CHASE & CO COM 46625H900 14340 476100 SH CALL SOLE 476100 0 0 JPMORGAN CHASE & CO COM 46625H100 89080 2957488 SH SOLE 2957488 0 0 KEMET CORP COM 488360207 5493 768196 SH SOLE 768196 0 0 KINETIC CONCEPTS INC COM 49460W208 184624 2802000 SH SOLE 2802000 0 0 KIPS BAY MED INC COM 49726K105 178 146000 SH SOLE 146000 0 0 LEAP WIRELESS INTL INC COM 521863958 36036 5215000 SH PUT SOLE 5215000 0 0 LEAP WIRELESS INTL INC COM 521863308 34205 4950011 SH SOLE 4950011 0 0 LOOPNET INC COM 543524300 797 46500 SH SOLE 46500 0 0 LORAL SPACE & COMMUNICATNS I COM 543881106 3752 74900 SH SOLE 74900 0 0 LYONDELLBASELL INDUSTRIES N COM N53745950 8062 330000 SH PUT SOLE 330000 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 5008 205000 SH SOLE 205000 0 0 MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 4975 740400 SH SOLE 740400 0 0 MCMORAN EXPLORATION CO COM 582411104 7199 725000 SH SOLE 725000 0 0 MCMORAN EXPLORATION CO COM 582411954 2383 240000 SH PUT SOLE 240000 0 0 MCMORAN EXPLORATION CO COM 582411904 3476 350000 SH CALL SOLE 350000 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 124259 2650000 SH SOLE 2650000 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U952 15005 320000 SH PUT SOLE 320000 0 0 MEDLEY CAP CORP COM 58503F106 2808 278534 SH SOLE 278534 0 0 MEDQUIST HLDGS INC COM 58506K102 1215 160733 SH SOLE 160733 0 0 MIPS TECHNOLOGIES INC COM 604567107 97 20000 SH SOLE 20000 0 0 MISSION NEWENERGY LTD SHS Q62163110 761 175000 SH SOLE 175000 0 0 MOTOROLA MOBILITY HLDGS INC COM 620097105 34380 910000 SH SOLE 910000 0 0 NALCO HOLDING COMPANY COM 62985Q101 1749 50000 SH SOLE 50000 0 0 NYSE EURONEXT COM 629491951 14641 630000 SH PUT SOLE 630000 0 0 NYSE EURONEXT COM 629491901 1394 60000 SH CALL SOLE 60000 0 0 PALL CORP COM 696429307 1102 26000 SH SOLE 26000 0 0 PHARMACEUTICAL PROD DEV INC COM 717124101 1283 50000 SH SOLE 50000 0 0 PHARMERICA CORP COM 71714F104 4995 350000 SH SOLE 350000 0 0 PROCTER & GAMBLE CO COM 742718109 417 6600 SH SOLE 6600 0 0 PROSHARES TR ULTSHT OIL NEW 74347X591 289 7304 SH SOLE 7304 0 0 S1 CORPORATION COM 78463B101 11004 1200000 SH SOLE 1200000 0 0 SANOFI COM 80105N955 8302 253100 SH PUT SOLE 253100 0 0 SANOFI RIGHT 12/31/2020 80105N113 4198 3960000 SH SOLE 3960000 0 0 SEACHANGE INTL INC COM 811699107 1146 148842 SH SOLE 148842 0 0 SERVICE CORP INTL COM 817565104 3664 400000 SH SOLE 400000 0 0 SIX FLAGS ENTMT CORP COM 83001A102 102619 3702000 SH SOLE 3702000 0 0 SOUTHERN UN CO COM 844030106 107427 2647941 SH SOLE 2647941 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 19292 170500 SH SOLE 170500 0 0 SPDR S&P 500 ETF TR COM 78462F953 863900 7635000 SH PUT SOLE 7635000 0 0 SPDR S&P 500 ETF TR COM 78462F903 302699 2675200 SH CALL SOLE 2675200 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 745 245000 SH SOLE 245000 0 0 SUMMIT HOTEL PPTYS INC COM 866082100 1810 256377 SH SOLE 256377 0 0 SUNPOWER CORP COM 867652959 1618 200000 SH PUT SOLE 200000 0 0 SUNPOWER CORP COM CL B 867652307 1286 175000 SH SOLE 175000 0 0 TALBOTS INC *W EXP 04/09/201 874161110 175 1520600 SH SOLE 1520600 0 0 TEMPLE INLAND INC COM 879868107 79118 2522100 SH SOLE 2522100 0 0 TEMPLE INLAND INC COM 879868957 3137 100000 SH PUT SOLE 100000 0 0 TEMPLE INLAND INC COM 879868907 10195 325000 SH CALL SOLE 325000 0 0 TRANSATLANTIC HLDGS INC COM 893521104 6065 125000 SH SOLE 125000 0 0 TWO HBRS INVT CORP COM 90187B101 883 100000 SH SOLE 100000 0 0 VARIAN SEMICONDUCTOR EQUIPMN COM 922207105 69100 1130000 SH SOLE 1130000 0 0 VERIFONE SYS INC COM 92342Y959 16109 460000 SH PUT SOLE 460000 0 0 VERIFONE SYS INC COM 92342Y909 1751 50000 SH CALL SOLE 50000 0 0 VERIFONE SYS INC COM 92342Y109 14673 419000 SH SOLE 419000 0 0 VISTEON CORP COM 92839U206 860 20000 SH SOLE 20000 0 0 WALTER ENERGY INC COM 93317Q105 7801 130000 SH SOLE 130000 0 0 WALTER ENERGY INC COM 93317Q955 13802 230000 SH PUT SOLE 230000 0 0 WILLIAMS COS INC COM 969457100 5781 237500 SH SOLE 237500 0 0 WILLIAMS COS INC COM 969457950 6815 280000 SH PUT SOLE 280000 0 0

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------ ------------------ --------- -------- ----------------- ---------- -------- ------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------ ------------------ --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- WILLIAMS COS INC COM 969457900 7424 305000 SH CALL SOLE 305000 0 0 YAHOO INC COM 984332906 1317 100000 SH CALL SOLE 100000 0 0