13F-HR 1 c24677e13fvhr.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, 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: WS Capital Management, L.P. Address: 300 Crescent Court, Suite 1111 Dallas, Texas 75201 Form 13F File Number: 028-10349 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: Reid S. Walker Contact Person: Joseph I. Worsham, II Title: Member of WS Capital, L.L.C., general partner of WS Capital Management, L.P. Phone: (214) 756-6056 Signature, Place and Date of Signing: /s/ Reid S. Walker Dallas, Texas November 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 54 Form 13F Information Table Value Total: $570,034 (in thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 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

HILLTOP HOLDINGS INC COM 432748101 3,605 500,000 SH SOLE - 500,000 0 0 HOLLYFRONTIER CORP COM 436106108 7,866 300,000 SH SOLE - 300,000 0 0 HOLLYFRONTIER CORP COM 436106108 5,244 200,000 SH CALL SOLE - - - - ITT EDUCATIONAL SERVICES INC COM 45068B109 8,637 150,000 SH PUT SOLE - 150,000 0 0 JANUS CAP GROUP INC COM 47102X105 2,940 490,000 SH SOLE - 490,000 0 0 MARATHON OIL CORP COM 565849106 11,222 520,000 SH SOLE - 520,000 0 0 MARATHON OIL CORP COM 565849106 18,343 850,000 SH CALL SOLE - - - - MARATHON PETE CORP COM 56585A102 19,754 730,000 SH SOLE - 730,000 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 10,210 185,000 SH SOLE - 185,000 0 0 MEDCATH CORP COM 58404W109 20,473 1,475,000 SH SOLE - 1,475,000 0 0 NCR CORP NEW COM 62886E108 27,446 1,625,000 SH SOLE - 1,625,000 0 0 NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 8,308 1,550,000 SH SOLE - 1,550,000 0 0 OWENS ILL INC COM NEW 690768403 24,948 1,650,000 SH SOLE - 1,650,000 0 0 OWENS ILL INC COM NEW 690768403 15,876 1,050,000 SH CALL SOLE - - - - P F CHANGS CHINA BISTRO INC COM 69333Y108 26,831 985,000 SH SOLE - 985,000 0 0 PACWEST BANCORP DEL COM 695263103 3,485 250,000 SH SOLE - 250,000 0 0 PIONEER NAT RES CO COM 723787107 6,577 100,000 SH SOLE - 100,000 0 0 SEASPAN CORP SHS Y75638109 6,590 575,000 SH SOLE - 575,000 0 0 SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 3,966 120,000 SH SOLE - 120,000 0 0 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 5,024 315,000 SH SOLE - 315,000 0 0 SPRINT NEXTEL CORP COM SER 1 852061100 10,184 3,350,000 SH SOLE - 3,350,000 0 0 STEPAN CO COM 858586100 6,584 98,000 SH SOLE - 98,000 0 0 STRAYER ED INC COM 863236105 8,127 106,000 SH SOLE - 106,000 0 0 SWS GROUP INC COM 78503N107 3,283 700,000 SH SOLE - 700,000 0 0 TENET HEALTHCARE CORP COM 88033G100 16,440 4,000,000 SH SOLE - 4,000,000 0 0 ST JOE CO COM 790148100 675 45,000 SH SOLE - 45,000 0 0 THQ INC COM NEW 872443403 8,953 5,175,000 SH SOLE - 5,175,000 0 0 URANIUM RES INC COM PAR $0.001 916901507 1,363 2,000,000 SH SOLE - 2,000,000 0 0 VANGUARD HEALTH SYS INC COM 922036207 3,556 350,000 SH SOLE - 350,000 0 0

WS CAPITAL MANAGEMENT LP 13F-HR