13F-HR 1 c65707_13fhr.txt 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, 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: SPINNER ASSET MANAGEMENT, LLC Address: 730 Fifth Avenue, Suite 1601 New York, NY 10019 Form 13F File Number: 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: Steven Deluca Title: Treasurer Phone: 650-372-2701 Signature, Place, and Date of Signing: /s/ Steven Deluca New York, NY 03/16/2011 ---------------------------- ----------------------------- ------------------- [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 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: [If there are no entries in this list, omit this section.] FORM 13F

TITLE VALUE ~~SHARES/~~ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000) ~~PRN~~SHARES ~~AMT~~ PR CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ ACACIA RESEARCH - ACACIA TEC COMM 003881307 38,~~891~~680 ~~150~~252,700 SH Sole 252,700 ADOBE SYSTEMS INC COMM 00724F101 1,867 56,300 SH Sole 56,300 ALCATEL-LUCENT-SPONSORED ADR ADRS 013904305 205 35,200 SH Sole 35,200 ALCATEL-LUCENT-SPONSORED ADR COMM 013904305 581 100,000 SH CALL Sole ~~150~~100,000 ~~ALLOT~~APPLE ~~COMMUNICATIONS~~COMPUTER ~~LTD~~INC COMM ~~M0854Q105~~37833100 ~~378~~2,265 326,500 SH PUT Sole 326,500 APPLE COMPUTER INC COMM ~~037833100~~37833100 89,~~064~~515 2527,~~000~~300 SH Sole 2527,~~000~~300 ~~ATHEROS~~AMDOCS ~~COMMUNICATIONS~~LTD COMM ~~04743P108~~G02602103 32,~~233~~524 9087,500 SH CALL Sole 87,500 AMERICAN SUPERCONDUCTOR CORP COMM 030111108 376 15,100 SH CALL Sole 15,100 APPLIED MICRO CIRCUITS CORP COMM 03822W406 2,289 220,500 SH Sole 220,500 ARM HOLDINGS PLC-SPONS ADR COMM 042068106 214 7,600 SH Sole 7,600 ARM HOLDINGS PLC-SPONS ADR COMM 042068106 2,817 100,000 SH CALL Sole 90100,000 ATMEL CORP COMM 049513104 21,~~156~~788 ~~175~~131,200 SH Sole 131,200 ATMEL CORP COMM 049513104 682 50,000 SH PUT Sole ~~175~~50,000 ~~AUTODESK~~AUTHENTEC INC COMM ~~052769106~~052660107 ~~2,292~~400 60125,000 SH Sole 60125,000 ~~BAIDU~~AUTODESK INC -COMM 052769106 1,976 44,800 SH Sole 44,800 AUTONAVI HOLDINGS LTD-ADR ADRS ~~056752108~~05330F106 2,~~896~~327 30131,~~000~~400 SH Sole 30131,~~000~~400 ~~BMC~~AVAGO ~~SOFTWARE~~TECHNOLOGIES LTD COMM Y0486S104 2,693 86,600 SH Sole 86,600 BEST BUY CO INC COMM ~~055921100~~086516101 1,~~650~~436 3550,000 SH CALL Sole 3550,000 BRUKER BIOSCIENCES CORP COMM 116794108 12,~~245~~302 75110,400 SH Sole 110,400 CAPSTONE TURBINE CORP COMM 14067D102 272 150,000 SH Sole 75150,000 CHANGYOU.COM LTD-ADR ADRS 15911M107 3,104 96,600 SH Sole 96,600 CHECK POINT SOFTWARE TECH COMM M22465104 2,~~281~~767 8054,~~000~~200 SH CALL Sole 8054,~~000~~200 CHINA REAL ESTATE INFORM-ADR ADRS 16948Q103 1,969 252,100 SH Sole 252,100 CHINACACHE INTERNAT-SPON ADR ADRS 16950M107 2,~~064~~091 ~~215~~114,~~000~~700 SH Sole ~~215~~114,~~000~~700 CIRRUS LOGIC INC COMM 172755100 31,~~196~~840 ~~200~~87,~~000~~500 SH CALL Sole ~~200~~87,~~000~~500 CISCO SYSTEMS INC COMM 17275R102 6408 23,~~069~~800 ~~300~~SH Sole 23,800 CISCO SYSTEMS INC COMM 17275R102 1,715 100,000 SH CALL Sole ~~300~~100,000 CITRIX SYSTEMS INC COMM 177376100 34,~~421~~106 5055,~~000~~900 SH Sole 5055,~~000~~900 ~~CODEXIS~~COGO GROUP INC COMM ~~192005106~~192448108 ~~424~~1,440 40178,~~000~~400 SH Sole 40178,~~000~~400 COMMTOUCH SOFTWARE LTD COMM M25595202 ~~223~~304 5985,~~850~~000 SH Sole 5985,~~850~~000 CORNING INC COMM 219350105 ~~1,256~~196 659,~~000~~500 SH Sole 659,~~000~~500 CORNING INC COMM 219350105 2,~~222~~063 ~~115~~100,000 SH CALL Sole ~~115~~100,000 ~~COSTAR~~CYPRESS ~~GROUP~~SEMICONDUCTOR ~~INC~~CORP COMM ~~22160N109~~232806109 12,~~439~~339 25120,~~000~~700 SH ~~CALL~~ Sole 25120,~~000~~700 CREE INC COMM 225447101 208 4,~~942~~500 ~~75,000~~ SH Sole 754,~~000~~500 ~~CREE~~DATALINK ~~INC~~CORP COMM ~~225447101~~237934104 ~~1,977~~800 30125,000 SH ~~PUT~~ Sole 30125,000 ~~CYPRESS~~DEMAND ~~SEMICONDUCTOR~~MEDIA ~~CORP~~INC COMM ~~232806109~~24802N109 23,~~323~~054 ~~125~~129,~~000~~700 SH Sole ~~125~~129,~~000~~700 ~~CYPRESS~~DICE ~~SEMICONDUCTOR~~HOLDINGS ~~CORP~~INC COMM ~~232806109~~253017107 12,~~858~~472 ~~100~~163,~~000~~600 SH ~~PUT~~ Sole ~~100~~163,~~000~~600 ~~DEMANDTEC~~DOLBY LABORATORIES INC-CL A COMM ~~24802R506~~25659T107 ~~1,626~~207 ~~150~~4,~~000~~200 SH Sole ~~150~~4,~~000~~200 ~~DIGITALGLOBE~~DOLBY LABORATORIES INC-CL A COMM ~~25389M877~~25659T107 21,~~061~~230 6525,000 SH CALL Sole 6525,000 ~~DIGITALGLOBE~~EMC ~~INC~~CORP - MASS COMM ~~25389M877~~268648102 ~~2,061~~600 6522,~~000~~600 SH ~~PUT~~ Sole 6522,~~000~~600 ~~EBAY~~EMC ~~INC~~CORP - MASS COMM ~~278642103~~268648102 25,~~087~~312 75200,000 SH CALL Sole 75200,000 ~~E-COMMERCE~~ENTEROMEDICS ~~CHINA-SPON~~WTS ~~ADR~~@ ~~ADRS~~$2.19 ~~26833A105~~EXP ~~1,895~~6/10/16 70WRNT ETRMWRTS2 43 75,000 SH Sole 7075,000 ~~EMC~~ENTROPIC ~~CORP~~COMMUNICATIONS -INC ~~MASS~~ COMM ~~268648102~~29384R105 31,~~435~~268 150,000 SH ~~CALL~~ Sole 150,000 ~~EMULEX~~EZCHIP ~~CORP~~SEMICONDUCTOR LTD COMM ~~292475209~~M4146Y108 12,~~166~~075 ~~100~~70,000 SH CALL Sole ~~100~~70,000 ~~ENTROPIC~~FARO ~~COMMUNICATIONS~~TECHNOLOGIES INC COMM ~~29384R105~~311642102 2,~~054~~220 ~~170~~55,~~000~~500 SH Sole ~~170~~55,~~000~~500 ~~FAIRCHILD~~FIDELITY ~~SEMICON~~NATIONAL ~~INTERNATIO~~INFORMATIO COMM ~~303726103~~31620M106 ~~390~~1,635 2550,000 SH PUT Sole 2550,000 ~~GENTEX~~GIANT ~~CORP~~INTERACTIVE ~~COMM~~GROUP-ADR ~~371901109~~ADRS 374511103 1,~~478~~884 50252,~~000~~900 SH Sole 50252,~~000~~900 GOOGLE INC-CL A COMM 38259P508 45,~~455~~692 79,~~500~~700 SH Sole 79,~~500~~700 GT SOLAR INTERNATIONAL INC COMM 3623E0209 2,~~052~~258 ~~225~~211,~~000~~600 SH Sole ~~225~~211,~~000~~600 ~~HARMONIC~~H&R BLOCK INC COMM ~~413160102~~093671105 2,~~571~~093 ~~300~~125,000 SH CALL Sole ~~300~~125,000 ~~HITTITE~~HARMONIC ~~MICROWAVE~~INC ~~CORP~~ COMM ~~43365Y104~~413160102 12,~~831~~327 30248,~~000~~100 SH Sole 30248,~~000~~100 ~~INFORMATICA~~HITTITE MICROWAVE CORP COMM ~~45666Q102~~43365Y104 1,~~431~~805 3228,~~500~~300 SH Sole 3228,~~500~~300 ~~INPHI~~IMAX CORP COMM ~~45772F107~~45245E109 ~~2,330~~480 ~~116~~15,000 SH Sole ~~116~~15,000 ~~INTEGRATED~~INFORMATICA ~~DEVICE~~CORP ~~TECH INC~~ COMM ~~458118106~~45666Q102 17,~~665~~338 ~~250~~140,~~000~~600 SH CALL Sole ~~250~~140,~~000~~600 ~~INTEL~~INPHI CORP COMM ~~458140100~~45772F107 ~~789~~2,112 37100,500 SH ~~CALL~~ Sole 37100,500 INTL BUSINESS MACHINES CORP COMM 459200101 1,~~835~~435 128,~~500~~800 SH ~~CALL~~Sole 8,800 INTL RECTIFIER CORP COMM 460254105 1,038 31,400 SH Sole 1231,~~500~~400 ISOFTSTONE HOLDINGS LTD-ADS ADRS 46489B108 25,~~090~~016 ~~115~~271,000 SH Sole ~~115~~271,000 ~~LG.PHILIPS~~JDS ~~LCD~~UNIPHASE COCORP ~~LTD-ADR~~COMM ~~ADRS~~46612J507 ~~50186V102 2~~1,~~663~~042 ~~150~~50,000 SH CALL Sole ~~150~~50,000 ~~LOGITECH~~JOHNSON ~~INTERNATIONAL-REG~~CONTROLS INC COMM ~~H50430232~~478366107 ~~464~~412 259,~~000~~900 SH ~~PUT~~ Sole 259,~~000~~900 ~~LOOPNET~~JOHNSON CONTROLS INC COMM ~~543524300~~478366107 13,~~111~~533 ~~100~~85,000 SH CALL Sole ~~100~~85,000 ~~LSI~~MAGMA ~~CORP~~DESIGN AUTOMATION INC COMM ~~502161102~~559181102 ~~1,797~~210 ~~300~~30,~~000~~800 SH ~~CALL~~ Sole ~~300~~30,~~000~~800 MARVELL TECHNOLOGY GROUP LTD COMM G5876H105 ~~464~~975 2562,~~000~~700 SH ~~CALL~~ Sole 2562,~~000~~700 ~~MARVELL~~MELLANOX ~~TECHNOLOGY~~TECHNOLOGIES ~~GROUP~~ LTD COMM ~~G5876H105~~M51363113 21,~~783~~471 ~~150~~58,~~000~~300 SH ~~CALL~~ Sole ~~150~~58,~~000~~300 ~~MCAFEE~~MICRON TECHNOLOGY INC COMM ~~579064106~~595112103 ~~1,158~~401 2535,000 SH ~~CALL~~ Sole 2535,000 ~~MELLANOX~~MICROS ~~TECHNOLOGIES~~SYSTEMS ~~LTD~~INC COMM ~~M51363113~~594901100 ~~2,224~~989 8520,000 SH Sole 8520,000 MICROSOFT CORP COMM 594918104 3614 24,~~070~~200 ~~110~~SH Sole 24,200 MICROSOFT CORP COMM 594918104 2,539 100,000 SH CALL Sole ~~110~~100,000 MINDSPEED TECHNOLOGIES INC COMM 602682205 1,486 175,700 SH Sole 175,700 MIPS TECHNOLOGIES INC COMM 604567107 ~~349~~2,292 23218,~~000~~500 SH Sole 23218,~~000~~500 ~~MITEK~~MIPS ~~SYSTEMS~~TECHNOLOGIES INC COMM ~~606710200~~604567107 ~~212~~2,098 35200,000 SH PUT Sole 35200,000 MONOTYPE IMAGING HOLDINGS IN COMM 61022P100 12,~~943~~610 ~~175~~180,000 SH Sole ~~175~~180,000 ~~MONSTER~~NETAPP ~~WORLDWIDE~~ INC COMM ~~611742107~~64110D104 ~~591~~770 2516,000 SH CALL Sole 2516,000 ~~MOVE~~NOKIA ~~INC~~CORP SPONSORED ADR COMM ~~62458M108~~654902204 ~~386~~638 ~~150~~75,000 SH PUT Sole ~~150~~75,000 ~~NETLOGIC~~NUANCE ~~MICROSYSTEMS~~COMMUNICATIONS INC COMM ~~64118B100~~67020Y100 ~~1,885~~667 6034,~~000~~100 SH CALL Sole 6034,~~000~~100 ONOMNIVISION ~~SEMICONDUCTOR~~TECHNOLOGIES ~~CORPORATION~~ COMM ~~682189105~~682128103 ~~494~~2,881 5081,~~000~~100 SH ~~PUT~~ Sole 5081,~~000~~100 ORACLE CORP COMM 68389X105 2,~~817~~507 9075,000 SH PUT Sole 9075,000 ~~PERFECT~~ORACLE ~~WORLD~~CORP COCOMM ~~LTD-ADR~~68389X105 ~~ADRS~~3,139 ~~71372U104~~93,900 2SH Sole 93,~~129~~900 90PAYCHEX INC COMM 704326107 1,569 50,000 SH CALL Sole 9050,000 POLYPORE INTERNATIONAL INC COMM 73179V103 3,~~809~~086 9353,~~525~~600 SH Sole 9353,~~525~~600 ~~POWER-ONE~~PROSHARES ~~INC~~ULTRA QQQ COMM ~~73930R102~~74347R206 ~~510~~1,278 5014,~~000~~200 SH ~~CALL~~PUT Sole 5014,~~000~~200 QUALCOMM INC COMM 747525103 43,~~949~~937 ~~100~~71,~~000~~800 SH Sole ~~100~~71,~~000~~800 QUALCOMM INC COMM 747525103 ~~4,949~~822 ~~100~~15,000 SH ~~PUT~~CALL Sole ~~100~~15,000 RADWARE LTD COMM M81873107 ~~1,688~~886 4525,000 SH Sole 4525,000 REALD INC COMM 75604L105 4,564 166,800 SH Sole 166,800 RESEARCH IN MOTION COMM 760975102 1,272 22,500 SH PUT Sole 22,500 RESEARCH IN MOTION COMM 760975102 3,~~629~~313 ~~140~~58,~~000~~600 SH PUT Sole ~~140~~58,~~000~~600 ~~RIVERBED~~RF ~~TECHNOLOGY~~MICRO DEVICES INC COMM ~~768573107~~749941100 ~~528~~256 1540,000 SH Sole 1540,000 ~~ROVI~~RIVERBED ~~CORP~~TECHNOLOGY INC COMM ~~779376102~~768573107 ~~2,480~~941 4025,000 SH CALL Sole 4025,000 SALESFORCE.COM INC COMM 79466L302 ~~660~~4,007 530,000 SH CALL Sole 530,000 ~~SANDISK~~SCIQUEST ~~CORP~~INC COMM ~~80004C101~~80908T101 1,~~994~~452 40100,000 SH Sole 40100,000 SEAGATE TECHNOLOGY COMM G7945M107 ~~150~~1,080 1075,000 SH CALL Sole 1075,000 SEMICONDUCTOR HOLDRs TRUST COMM 816636203 2,594 75,000 SH CALL Sole 75,000 SIERRA WIRELESS INC COMM 826516106 155 14,200 SH Sole 14,200 SILICON GRAPHICS INTERNATIONAL COMM DE'827056102 229 10,700 SH Sole 10,700 SILICON IMAGE INC COMM 82705T102 23,~~499~~771 ~~340~~420,900 SH Sole 420,900 SINA CORP COMM G81477104 5,352 50,000 SH Sole ~~340~~50,000 ~~SILICON~~SMART ~~LABORATORIES~~MODULAR TECHNOLOGIES COMM G82245104 1,824 235,000 SH Sole 235,000 SOURCEFIRE INC COMM ~~826919102~~83616T108 21,~~301~~376 50,000 SH ~~CALL~~PUT Sole 50,000 ~~SINA~~SOURCEFIRE ~~CORP~~INC COMM ~~G81477104~~83616T108 ~~6,882~~688 ~~100~~25,000 SH PUT Sole ~~100~~25,000 ~~SMITH~~STANDARD ~~MICRO~~MICROSYSTEMS ~~SOFTWARE~~CORP ~~INC~~COMM 853626109 210 8,500 SH Sole 8,500 SYMANTEC CORP COMM ~~832154108~~871503108 2,~~755~~065 ~~175~~111,400 SH Sole 111,400 SYNERGETICS USA INC COMM 87160G107 884 150,000 SH Sole ~~175~~150,000 ~~SONIC~~TELENAV ~~SOLUTIONS~~INC COMM ~~835460106~~879455103 2,~~850~~493 ~~190~~210,000 SH Sole ~~190~~210,000 ~~STEC~~TESSERA TECHNOLOGIES INC COMM ~~784774101~~88164L100 1,~~765~~576 ~~100~~86,~~000~~300 SH Sole ~~100~~86,~~000~~300 ~~SYMANTEC~~TITAN ~~CORP~~MACHINERY INC COMM ~~871503108~~88830R101 1,~~674~~263 ~~100~~50,000 SH CALL Sole ~~100~~50,000 ~~TAL~~TRUNKBOW ~~EDUCATION~~INTERNATIONAL ~~GROUP-~~HOLDI ~~ADR~~COMM ~~ADRS~~89818A102 ~~874080104~~611 2150,~~818~~000 ~~175~~SH Sole 150,000 VALUECLICK INC COMM 92046N102 205 14,200 SH Sole ~~175~~14,~~000~~200 ~~TEXAS~~VEECO INSTRUMENTS INC COMM ~~882508104~~922417100 ~~488~~208 154,100 SH Sole 4,100 VELTI PLC COMM G93285107 2,894 229,900 SH Sole 229,900 VERIGY LTD COMM Y93691106 1,409 100,000 SH CALL Sole 15100,000 VMWARE INC-CLASS A COMM 928563402 ~~1,111~~212 122,~~500~~600 SH Sole 122,~~500~~600 ~~YAHOO!~~VMWARE INC-CLASS A COMM ~~984332106~~928563402 12,~~247~~039 7525,000 SH CALL Sole 7525,000 ~~YAHOO!~~VOLTERRA ~~INC~~SEMICONDUCTOR CORP COMM ~~984332106~~928708106 ~~998~~2,446 6098,~~000~~500 SH ~~CALL~~ Sole 6098,~~000~~500 ~~YONGYE~~YAHOO! ~~INTERNATIONAL~~ INC COMM ~~98607B106~~984332106 ~~336~~2,292 40137,~~000~~400 SH ~~PUT~~CALL Sole 40137,~~000~~400 Number of Rows: 85114 Number of Other Managers: 0

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