0001140361-12-008336.txt : 20120214 0001140361-12-008336.hdr.sgml : 20120214 20120214171219 ACCESSION NUMBER: 0001140361-12-008336 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 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: 12612488 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: 12/31/2011 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 2/14/2012 --------------------------------- --------------------------------- ---------- [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: 117 Form 13F Information Table Value Total: $ 4,257,048 -------------- (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 75365 3433466 SH SOLE 3433466 0 0 ADVANCED ANALOGIC TECHNOLOGIES COM 00752J108 6934 1199613 SH SOLE 1199613 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 24414 1195000 SH SOLE 1195000 0 0 ALPHA NATURAL RESOURCES INC COM 02076X952 22779 1115000 SH PUT SOLE 1115000 0 0 ALPHA NATURAL RESOURCES INC NOTE 2.375% 4/15/15 02076XAA0 3761 4000000 PRN SOLE 4000000 0 0 AMERICAN INTL GROUP INC COM 026874954 1104 47600 SH PUT SOLE 47600 0 0 AMERICAN INTL GROUP INC W EXP 01/19/2021 026874156 1182 214573 SH SOLE 214573 0 0 AMERICAN TOWER CORP CL A 029912201 51909 865000 SH SOLE 865000 0 0 AMERICAN TOWER CORP COM 029912951 25204 420000 SH PUT SOLE 420000 0 0 AMERICAN TOWER CORP COM 029912901 42007 700000 SH CALL SOLE 700000 0 0 ATLAS ENERGY LP COM 04930A954 2430 100000 SH PUT SOLE 100000 0 0 ATP OIL & GAS CORP COM 00208J108 3312 450000 SH SOLE 450000 0 0 ATP OIL & GAS CORP COM 00208J958 5373 730000 SH PUT SOLE 730000 0 0 BANK OF AMERICA CORPORATION COM 060505106 1056 190000 SH SOLE 190000 0 0 BANK OF AMERICA CORPORATION COM 060505904 299 53800 SH CALL SOLE 53800 0 0 BLUE COAT SYSTEMS INC COM 09534T508 53772 2112834 SH SOLE 2112834 0 0 CITIGROUP INC COM 172967954 14271 542400 SH PUT SOLE 542400 0 0 CITIGROUP INC COM 172967424 12858 488708 SH SOLE 488708 0 0 COGDELL SPENCER INC COM 19238U107 850 200000 SH SOLE 200000 0 0 COMMERCIAL METALS CO COM 201723103 1245 90000 SH SOLE 90000 0 0 COMPLETE PRODUCTION SERVICES COM 20453E109 29479 878400 SH SOLE 878400 0 0 CONSTELLATION ENERGY GROUP I COM 210371100 25000 630205 SH SOLE 630205 0 0 CROWN CASTLE INTL CORP COM 228227104 5600 125000 SH SOLE 125000 0 0 DELPHI AUTOMOTIVE PLC SHS G27823106 53586 2487766 SH SOLE 2487766 0 0 DIAMOND FOODS INC COM 252603105 20500 635256 SH SOLE 635256 0 0 DIAMOND FOODS INC COM 252603955 3227 100000 SH PUT SOLE 100000 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 173411 2468130 SH SOLE 2468310 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743955 91514 1302500 SH PUT SOLE 1302500 0 0 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743905 7026 100000 SH CALL SOLE 100000 0 0 EL PASO CORP COM 28336L109 106262 3999325 SH SOLE 3999325 0 0 EXPRESS SCRIPTS INC COM 302182900 7150 160000 SH CALL SOLE 160000 0 0 FLOTEK INDUSTRIES INC COM 343389102 697 70000 SH SOLE 70000 0 0 GENERAL MTRS CO W EXP 07/10/2016 37045V118 11851 1010346 SH SOLE 1010346 0 0 GENERAL MTRS CO W EXP 07/10/2019 37045V126 7979 1020346 SH SOLE 1020346 0 0 GENERAL MTRS CO COM 37045V950 39527 1950000 SH PUT SOLE 1950000 0 0 GLOBAL EAGLE ACQUISITION COR UNIT 37951D201 2018 200000 SH SOLE 200000 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 1266 14000 SH SOLE 14000 0 0 GOLDMAN SACHS GROUP INC COM 38141G954 10852 120000 SH PUT SOLE 120000 0 0 GOLDMAN SACHS GROUP INC COM 38141G904 16730 185000 SH CALL SOLE 185000 0 0 GOODRICH CORP COM 382388106 208781 1687800 SH SOLE 1687800 0 0 GRACE W R & CO COM 38388F958 6199 135000 SH PUT SOLE 135000 0 0 GRACE W R & CO COM 38388F908 3444 75000 SH CALL SOLE 75000 0 0 GRACE W R & CO COM 38388F108 9827 214000 SH SOLE 214000 0 0 HEALTHSPRING INC COM 42224N101 110313 2022600 SH SOLE 2022600 0 0 HEARTWARE INTERNATIONAL INC NOTE 3.500%12/17 422368AA8 17482 17000000 PRN SOLE 17000000 0 0 HEARTWARE INTERNATIONAL INC COM 422368100 17595 255000 SH SOLE 255000 0 0 IVANHOE MINES LTD COM 46579N103 3952 223000 SH SOLE 223000 0 0 IVANHOE MINES LTD COM 46579N903 9923 560000 SH CALL SOLE 560000 0 0 IVANHOE MINES LTD COM 46579N953 10632 600000 SH PUT SOLE 600000 0 0 JOHNSON & JOHNSON COM 478160954 36233 552500 SH PUT SOLE 552500 0 0 JOHNSON & JOHNSON COM 478160904 17051 260000 SH CALL SOLE 260000 0 0 JPMORGAN CHASE & CO COM 46625H900 29795 896100 SH CALL SOLE 896100 0 0 JPMORGAN CHASE & CO COM 46625H950 125020 3760000 SH PUT SOLE 3760000 0 0 JPMORGAN CHASE & CO COM 46625H100 94269 2835158 SH SOLE 2835158 0 0 KINDER MORGAN INC COM 49456B101 10537 327550 SH SOLE 327550 0 0 KINDER MORGAN INC COM 49456B951 18295 568700 SH PUT SOLE 568700 0 0 KIPS BAY MEDICAL INC COM 49726K105 196 146000 SH SOLE 146000 0 0 LAM RESEARCH CORP COM 512807108 6437 173873 SH SOLE 173873 0 0 LEAP WIRELESS INTL INC COM 521863958 49376 5315000 SH PUT SOLE 5315000 0 0 LEAP WIRELESS INTL INC COM 521863308 45986 4950011 SH SOLE 4950011 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 ------------------------------ ------------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- LOOPNET INC COM 543524300 49680 2717700 SH SOLE 2717700 0 0 LORAL SPACE & COMMUNICATNS I COM 543881106 324 5000 SH SOLE 5000 0 0 LYONDELLBASELL INDUSTRIES N COM N53745950 18643 573800 SH PUT SOLE 573800 0 0 LYONDELLBASELL INDUSTRIES N COM N53745900 23718 730000 SH CALL SOLE 730000 0 0 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 8740 269000 SH SOLE 269000 0 0 MARTIN MARIETTA MATLS INC COM 573284106 4336 57500 SH SOLE 57500 0 0 MCMORAN EXPLORATION CO COM 582411104 10185 700000 SH SOLE 700000 0 0 MCMORAN EXPLORATION CO COM 582411954 5529 380000 SH PUT SOLE 380000 0 0 MCMORAN EXPLORATION CO COM 582411904 4511 310000 SH CALL SOLE 310000 0 0 MEAD JOHNSON NUTRITION CO COM 582839106 1581 23000 SH SOLE 23000 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U102 157526 2818000 SH SOLE 2818000 0 0 MEDCO HEALTH SOLUTIONS INC COM 58405U952 49751 890000 SH PUT SOLE 890000 0 0 MISSION NEWENERGY LTD SHS Q62163110 380 167181 SH SOLE 167181 0 0 MORTONS RESTAURANT GRP IN COM 619430101 1362 198006 SH SOLE 198006 0 0 MOTOROLA MOBILITY HLDGS INC COM 620097955 19400 500000 SH PUT SOLE 500000 0 0 MOTOROLA MOBILITY HLDGS INC COM 620097105 79245 2042400 SH SOLE 2042400 0 0 NETLOGIC MICROSYSTEMS INC COM 64118B100 10357 208942 SH SOLE 208942 0 0 NYSE EURONEXT COM 629491951 5220 200000 SH PUT SOLE 200000 0 0 NYSE EURONEXT COM 629491901 1566 60000 SH CALL SOLE 60000 0 0 ONYX PHARMACEUTICALS INC COM 683399959 48345 1100000 SH PUT SOLE 1100000 0 0 ONYX PHARMACEUTICALS INC COM 683399109 57135 1300000 SH SOLE 1300000 0 0 PALL CORP COM 696429307 547 9580 SH SOLE 9580 0 0 PHARMASSET INC COM 71715N106 149641 1167248 SH SOLE 1167248 0 0 PHARMASSET INC COM 71715N956 102304 798000 SH PUT SOLE 798000 0 0 PHARMASSET INC COM 71715N906 2564 20000 SH CALL SOLE 20000 0 0 PHARMERICA CORP COM 71714F104 4519 297700 SH SOLE 297700 0 0 PROGRESS ENERGY INC COM 743263105 1288 23000 SH SOLE 23000 0 0 RENTECH INC COM 760112102 31 23950 SH SOLE 23950 0 0 RIGHTNOW TECHNOLOGIES INC COM 76657R106 25211 590000 SH SOLE 590000 0 0 RSC HOLDINGS INC COM 74972L102 18611 1006000 SH SOLE 1006000 0 0 S1 CORPORATION COM 78463B101 20321 2123400 SH SOLE 2123400 0 0 SANOFI RIGHT 12/31/2020 80105N113 4752 3960400 SH SOLE 3960400 0 0 SEACHANGE INTERNATIONAL INC COM 811699107 185 26300 SH SOLE 26300 0 0 SERVICE CORP INTL COM 817565104 533 50000 SH SOLE 50000 0 0 SIX FLAGS ENTMT CORP COM 83001A102 150031 3638000 SH SOLE 3638000 0 0 SONOSITE INC COM 83568G104 37025 687424 SH SOLE 687424 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 5648 45000 SH SOLE 45000 0 0 SPDR S&P 500 ETF TR COM 78462F953 714095 5690000 SH PUT SOLE 5690000 0 0 SPDR S&P 500 ETF TR COM 78462F903 267943 2135000 SH CALL SOLE 2135000 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 482 205970 SH SOLE 205970 0 0 SUCCESSFACTORS INC COM 864596101 83727 2100000 SH SOLE 2100000 0 0 TALBOTS INC COM 874161102 676 254317 SH SOLE 254317 0 0 TALBOTS INC W EXP 04/09/2015 874161110 32 1520600 SH SOLE 1520600 0 0 TELEPHONE & DATA SYS INC SPL COM 879433860 13584 570514 SH SOLE 570514 0 0 TEMPLE INLAND INC COM 879868107 91934 2899200 SH SOLE 2899200 0 0 TEMPLE INLAND INC COM 879868957 3171 100000 SH PUT SOLE 100000 0 0 TEMPLE INLAND INC COM 879868907 10306 325000 SH CALL SOLE 325000 0 0 TRANSATLANTIC HLDGS INC COM 893521104 106724 1950000 SH SOLE 1950000 0 0 TWO HBRS INVT CORP COM 90187B101 874 94562 SH SOLE 94562 0 0 VULCAN MATLS CO COM 929160109 787 20000 SH SOLE 20000 0 0 WALTER ENERGY INC COM 93317Q105 23285 384500 SH SOLE 384500 0 0 WALTER ENERGY INC COM 93317Q955 20621 340500 SH PUT SOLE 340500 0 0 WALTER ENERGY INC COM 93317Q905 18471 305000 SH CALL SOLE 305000 0 0 WEBMD HEALTH CORP COM 94770V902 3755 100000 SH CALL SOLE 100000 0 0 WILLIAMS COS INC COM 969457900 4260 158000 SH CALL SOLE 158000 0 0 WINN DIXIE STORES INC COM 974280307 4502 480000 SH SOLE 480000 0 0 YAHOO INC COM 984332106 11936 740000 SH SOLE 740000 0 0