13F-HR 1 d41212e13fvhr.txt FORM 13F HOLDINGS REPORT 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, 2006 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: Tugar Capital Management, L.P. Address: 1717 Main Street, Suite 3350 Dallas, Texas 75201 Form 13F File Number: 28-11154 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: Kenneth L. Tananbaum Title: Manager of Tugar Holdings, LLC, general partner of Tugar Capital Management, L.P. Phone: (469) 916-4577 Signature, Place and Date of Signing: /s/ Kenneth L. Tananbaum Dallas, Texas November 13, 2006 ------------------------------------- -------------------- ----------------- (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: 41 Form 13F Information Table Value Total: $12,637 (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

~~FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------~~ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 --------------------------------------------------------------------------------------------------------------------------~~----------~~ ~~NAMES OF~~ TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP [xX$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------------------------------------------------------------------------------------------------~~----------~~ 3MAMERICAN COMED ~~COM~~SYS ~~88579Y101~~HLDGS 8INC NOTE 3.250% 7/0 02744MAA6 585 500,~~207~~000 ~~100~~PRN SOLE 0 500,000 0 0 AMERICAN MED SYS HLDGS INC COM 02744M108 18 1,000 SH PUT SOLE 0 ~~100~~1,000 0 0 ~~ADVANCED~~AMR ~~MICRO~~CORP ~~DEVICES INC~~ NOTE 4.~~500~~250% 129/02 ~~007903AF4~~001765BA3 ~~22,994~~740 7,500,000 PRN SOLE 0 ~~N/A~~500,000 ~~N/A~~0 ~~N/A~~0 ~~ADVANCED~~AMR ~~MICRO~~CORP ~~DEVICES INC~~ COM ~~007903107~~007165106 ~~881~~463 4020,000 SH PUT SOLE 0 4020,000 0 0 ~~AFFYMETRIX~~APEX ~~INC~~SILVER ~~COM~~MINES ~~00826T108~~LTD NOTE 4.000% 9/1 03760XAD3 455 500,~~097~~000 30PRN SOLE 0 500,000 0 0 APEX SILVER MINES LTD ORD G04074103 250 15,000 SH PUT SOLE 0 3015,000 0 0 ~~AGILENT~~APEX ~~TECHNOLOGIES~~SILVER ~~INC~~MINES ~~COM~~LTD ~~00846U101~~ORD ~~7,363~~G04074103 ~~305~~42 2,500 SH ~~PUT~~CALL SOLE 0 ~~305~~2,500 0 0 ~~AKAMAI~~CUBIST ~~TECHNOLOGIES~~PHARMACEUTICALS INC ~~COM~~NOTE ~~00971T101~~2.250% 6/1~~,498~~ ~~115~~229678AC1 493 500,000 SHPRN ~~PUT~~ SOLE 0 ~~115~~500,000 0 0 ~~ALLERGAN~~CUBIST PHARMACEUTICALS INC COM ~~018490102~~229678107 ~~1,897~~326 2315,~~400~~000 SH PUT SOLE 0 2315,~~400~~000 0 0 ~~ALLSCRIPTS~~COMPUCREDIT ~~HEALTHCARE~~CORP ~~SOLUTION~~NOTE 3.625% 5/3 20478NAB6 496 500,000 PRN SOLE 0 500,000 0 0 COMPUCREDIT CORP COM ~~01988P108~~20478N100 ~~171~~151 165,000 SH PUT SOLE 0 165,000 0 0 ~~ALTRIA~~CONOCOPHILLIPS ~~GROUP~~COM ~~INC~~20825C104 18 300 SH SOLE 0 300 0 0 CONOCOPHILLIPS COM ~~02209S103~~20825C104 ~~7,485~~149 ~~122~~2,500 SH PUT SOLE 0 ~~122~~2,500 0 0 ~~AMERICAN~~DEVON ~~EXPRESS~~ENERGY COCORP ~~DBCV~~NEW ~~1.850%~~COM ~~12/~~25179M103 13 200 SH SOLE 0 ~~025816AS8~~200 50 0 DEVON ENERGY CORP NEW COM 25179M103 158 2,~~478~~500 5SH PUT SOLE 0 2,~~000,000~~500 ~~PRN~~0 0 FREEPORT-MCMORAN COPPER & GO CL B 35671D857 16 300 SH SOLE 0 ~~N/A~~300 ~~N/A~~0 ~~N/A~~0 ~~AMERICAN~~FREEPORT-MCMORAN ~~GREETINGS~~COPPER ~~CORP~~& ~~NOTE~~GO ~~7.000%~~CL ~~7/1~~B ~~026375AJ4~~35671D857 53250 4,~~088~~700 27SH PUT SOLE 0 4,~~800~~700 0 0 FEDERAL NATL MTG ASSN COM 313586109 559 10,000 ~~PRN~~SH PUT SOLE 0 ~~N/A~~10,000 ~~N/A~~0 ~~N/A~~0 ~~AMERICAN~~FEDERAL ~~GREETINGS~~NATL ~~CORP~~MTG CLASSN ACOM ~~026375105~~313586109 ~~507~~1,118 20,000 SH PUT SOLE 0 20,000 0 0 ~~AMERICAN~~GENERAL ~~TOWER~~MTRS CORP CLDEB SR CONV A ~~029912201~~370442741 ~~569~~673 3027,~~900~~200 SH SOLE 0 3027,~~900~~200 0 0 ~~AMERICAN~~GENERAL ~~TOWER~~MTRS CORP CLCOM A370442105 ~~029912201~~333 ~~368~~10,000 20SH PUT SOLE 0 10,000 0 0 GENERAL MTRS CORP COM 370442105 499 15,000 SH PUT SOLE 0 2015,000 0 0 ~~AMERICREDIT~~GENERAL MTRS CORP COM 370442105 33 1,000 SH CALL SOLE 0 1,000 0 0 GLOBALSANTAFE CORP SHS G3930E101 80 1,600 SH SOLE 0 1,600 0 0 GLOBALSANTAFE CORP SHS G3930E101 50 1,000 SH PUT SOLE 0 1,000 0 0 HUMAN GENOME SCIENCES INC NOTE 2.250%10/1 444903AK4 505 500,000 PRN SOLE 0 500,000 0 0 INVITROGEN CORP NOTE 3.~~750~~250% 116/1 ~~03060RAM3~~46185RAM2 ~~144~~486 ~~100~~500,000 PRN SOLE 0 ~~N/A~~500,000 ~~N/A~~0 ~~N/A~~0 ~~AMERISOURCE~~INVITROGEN ~~HEALTH~~CORP COM 46185R100 266 4,200 SH PUT SOLE 0 4,200 0 0 L-3 COMMUNICATIONS CORP ~~NOTE~~DEBT 53.000% 128/0 ~~03071PAD4~~502413AW7 28511 500,~~818~~000 26PRN SOLE 0 500,000 0 0 L-3 COMMUNICATIONS HLDGS INC COM 502424104 783 10,000 ~~PRN~~SH PUT SOLE 0 ~~N/A~~10,000 ~~N/A~~0 ~~N/A~~0 ~~AMERI-~~LAM ~~SOURCEBERGEN~~RESEARCH CORP COM ~~03073E105~~512807108 1645 1,~~049~~000 ~~273~~SH SOLE 0 1,000 0 0 MILLIPORE CORP COM 601073109 153 2,500 SH PUT SOLE 0 ~~273~~2,500 0 0 ~~AMGEN~~OIL STS INTL INC ~~COM~~NOTE ~~031162100~~2.375% ~~29,900~~7/0 ~~466,100~~678026AB1 SH577 ~~PUT~~500,000 PRN SOLE 0 ~~466~~500,~~100~~000 0 0 ~~AMR~~OVERSTOCK ~~CORP~~COM INC DEL COM ~~001765106~~690370101 ~~5,791~~296 ~~528~~16,900 SH PUT SOLE 0 ~~528~~16,900 0 0 ~~AMYLIN~~OVERSTOCK ~~PHARMACEUTICALS~~COM INC DEL COM ~~032346108~~690370101 ~~327~~88 145,000 SH PUT SOLE 0 145,000 0 0 ~~AON~~PHELPS DODGE CORP ~~DBCV~~COM 3.717265102 42 500% ~~11/1~~SH ~~037389AT0~~SOLE ~~19,151~~0 ~~15,~~500 0 0 PHELPS DODGE CORP COM 717265102 212 2,~~000~~500 ~~PRN~~SH PUT SOLE 0 ~~N/A~~2,500 ~~N/A~~0 ~~N/A~~0 ~~AON~~SCHLUMBERGER ~~CORP~~LTD COM ~~037389103~~806857108 ~~3,104~~68 ~~130~~1,100 SH ~~PUT~~ SOLE 0 ~~130~~1,100 0 0 ~~ASK~~TRINITY ~~JEEVES~~INDS INC ~~COM~~NOTE ~~045174109~~3.875% ~~535~~6/0 20896522AF6 481 500,000 SHPRN ~~PUT~~ SOLE 0 20500,000 0 0 ~~BAXTER~~UNITED ~~INTL~~STATES ~~INC~~STL CORP NEW COM ~~071813109~~912909108 ~~7,388~~12 ~~213~~200 SH SOLE 0 200 0 0 UNITED STATES STL CORP NEW COM 912909108 144 2,~~900~~500 SH PUT SOLE 0 ~~213~~2,~~900~~500 0 0

FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ NAMES OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ BEST BUY INC COM 086516101 6,536 110,000 SH PUT SOLE 0 110,000 0 0 BEVERLY ENTERPRISES INC NOTE 2.750% 11/0 087851AR2 19,186 13,500,000 PRN SOLE 0 N/A N/A N/A BEVERLY ENTERPRISES INC COM NEW 087851309 101 11,000 SH CALL SOLE 0 11,000 0 0 BJ SVCS CO NOTE 0.500% 4/2 055482AF0 4,883 5,850,000 PRN SOLE 0 N/A N/A N/A BJ SVCS CO COM 055482103 931 20,000 SH PUT SOLE 0 20,000 0 0 CAESARS ENTMT INC COM 127687101 6,042 300,000 SH SOLE 0 300,000 0 0 CARNIVAL CORP DBCV 2.000% 4/1 143658AN2 15,865 10,500,000 PRN SOLE 0 N/A N/A N/A CARNIVAL CORP PAIRED CTF 143658300 6,426 111,500 SH PUT SOLE 0 111,500 0 0 CELGENE CORP NOTE 1.750% 6/0 151020AC8 10,385 8,000,000 PRN SOLE 0 N/A N/A N/A CELGENE CORP COM 151020104 1,061 40,000 SH PUT SOLE 0 40,000 0 0 CEPHALON INC COM 156708109 3,053 60,000 SH PUT SOLE 0 60,000 0 0 CHARLES RIV LABORATORIES INC DBCV 3.500% 2/0 159863AL3 22,216 18,500,000 PRN SOLE 0 N/A N/A N/A CHIPPAC INC NOTE 2.500% 6/0 169657AD5 5,028 5,000,000 PRN SOLE 0 N/A N/A N/A CMS ENERGY CORP NOTE 2.875% 12/0 125896AW0 3,013 3,000,000 PRN SOLE 0 N/A N/A N/A COMPUTER ASSOC INTL INC NOTE 5.000% 3/1 204912AR0 7,785 6,000,000 PRN SOLE 0 N/A N/A N/A COMPUTER ASSOC INTL INC COM 204912109 20,624 664,000 SH PUT SOLE 0 664,000 0 0 CONNETICS CORP NOTE 2.250% 5/3 208192AB0 12,646 10,000,000 PRN SOLE 0 N/A N/A N/A CONNETICS CORP COM 208192104 1,215 50,000 SH PUT SOLE 0 50,000 0 0 CONTINENTAL AIRLS INC CL B 210795308 5,145 380,000 SH PUT SOLE 0 380,000 0 0 CORNING INC DBCV 11/0 219350AJ4 11 17,000 PRN SOLE 0 N/A N/A N/A CREDENCE SYS CORP NOTE 1.500% 5/1 225302AF5 2,811 2,600,000 PRN SOLE 0 N/A N/A N/A CREDENCE SYS CORP COM 225302108 468 51,100 SH PUT SOLE 0 51,100 0 0 CYMER INC NOTE 5.500% 2/1 232572AE7 6,840 6,900,000 PRN SOLE 0 N/A N/A N/A CYMER INC COM 232572107 7,090 240,000 SH PUT SOLE 0 240,000 0 0 DELTA AIR LINES INC DEL NOTE 8.000% 6/0 247361YP7 4,009 6,000,000 PRN SOLE 0 N/A N/A N/A DELTA AIR LINES INC DEL COM 247361108 2,194 293,300 SH CALL SOLE 0 293,300 0 0 DISNEY WALT CO NOTE 2.125% 4/1 254687AU0 15,594 14,000,000 PRN SOLE 0 N/A N/A N/A

FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ NAMES OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ DISNEY WALT CO COM DISNEY 254687106 20,508 737,700 SH PUT SOLE 0 737,700 0 0 DUKE ENERGY CORP NOTE 1.750% 5/1 264399EJ1 16,883 15,000,000 PRN SOLE 0 N/A N/A N/A DUKE ENERGY CORP COM 264399106 14,851 586,300 SH PUT SOLE 0 586,300 0 0 DYNERGY INC NEW CL A 26816Q101 185 40,000 SH PUT SOLE 0 40,000 0 0 E M C CORP MASS NOTE 4.500% 4/0 268648AG7 16,270 14,200,000 PRN SOLE 0 N/A N/A N/A E M C CORP MASS COM 268648102 2,082 140,000 SH PUT SOLE 0 140,000 0 0 E TRADE FINANCIAL CORP COM 269246104 209 14,000 SH CALL SOLE 0 14,000 0 0 E TRADE FINANCIAL CORP COM 269246104 1,390 93,000 SH PUT SOLE 0 93,000 0 0 EASTMAN KODAK CO NOTE 3.375% 10/1 277461BE8 10,022 8,000,000 PRN SOLE 0 N/A N/A N/A EASTMAN KODAK CO COM 277461109 3,225 100,000 SH PUT SOLE 0 100,000 0 0 ELECTRONIC DATA SYS NEW COM 285661104 2,317 100,300 SH PUT SOLE 0 100,300 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 635 36,500 SH PUT SOLE 0 36,500 0 0 FEDERAL NATL MTG ASSN COM 313586109 4,273 60,000 SH PUT SOLE 0 60,000 0 0 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 8,712 164,600 SH SOLE 0 164,600 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 7,218 493,000 SH PUT SOLE 0 493,000 0 0 FRONTLINE LTD ORD G3682E127 430 9,700 SH SOLE 0 9,700 0 0 GAP INC DEL NOTE 5.750% 3/1 364760AJ7 20,006 15,044,000 PRN SOLE 0 N/A N/A N/A GAP INC DEL COM 364760108 6,266 296,700 SH PUT SOLE 0 296,700 0 0 GENERAL ELEC CO COM 369604103 1,004 27,500 SH SOLE 0 27,500 0 0 GENERAL MLS INC COM 370334104 2,088 42,000 SH CALL SOLE 0 42,000 0 0 GENERAL MLS INC COM 370334104 13,626 274,100 SH PUT SOLE 0 274,100 0 0 GENERAL MTRS CORP DEB SR CONV A 370442741 9,194 366,500 SH SOLE 0 366,500 0 0 GILEAD SCIENCES INC COM 375558103 5,962 170,400 SH PUT SOLE 0 170,400 0 0 GOLDMAN SACHS GROUP INC COM 38141G104 10,404 100,000 SH PUT SOLE 0 100,000 0 0 GOOGLE INC CL A 38259P508 11,567 60,000 SH CALL SOLE 0 60,000 0 0

FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ NAMES OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ GTECH HLDGS CORP DBCV 1.750% 12/1 400518AB2 40,360 21,244,000 PRN SOLE 0 N/A N/A N/A GTECH HLDGS CORP COM 400518106 701 27,000 SH PUT SOLE 0 27,000 0 0 HALLIBURTON CO NOTE 3.125% 7/1 406216AM3 16,028 13,000,000 PRN SOLE 0 N/A N/A N/A HALLIBURTON CO COM 406216101 3,139 80,000 SH CALL SOLE 0 80,000 0 0 HALLIBURTON CO COM 406216101 18,974 483,500 SH PUT SOLE 0 483,500 0 0 HASBRO INC COM 418056107 1,618 83,500 SH PUT SOLE 0 83,500 0 0 HILTON HOTELS CORP NOTE 3.375% 4/1 432848AZ2 6,037 5,004,000 PRN SOLE 0 N/A N/A N/A HILTON HOTELS CORP COM 432848109 11,782 518,100 SH PUT SOLE 0 518,100 0 0 HUTCHINSON TECHNOLOGY INC NOTE 2.250% 3/1 448407AE6 5,325 4,000,000 PRN SOLE 0 N/A N/A N/A HUTCHINSON TECHNOLOGY INC COM 448407106 1,037 30,000 SH PUT SOLE 0 30,000 0 0 IMCLONE SYS INC COM 45245W109 1,843 40,000 SH PUT SOLE 0 40,000 0 0 INTERNATIONAL GAME TECHNOLOGY COM 459902102 2,035 59,200 SH PUT SOLE 0 59,200 0 0 INTERPUBLIC GROUP COS INC COM 460690100 1,742 130,000 SH PUT SOLE 0 130,000 0 0 INTL PAPER CO COM 460146103 2,982 71,000 SH PUT SOLE 0 71,000 0 0 INVITROGEN CORP NOTE 2.250% 12/1 46185RAD2 3,832 3,800,000 PRN SOLE 0 N/A N/A N/A INVITROGEN CORP COM 46185R100 6,713 100,000 SH PUT SOLE 0 100,000 0 0 JAKKS PAC INC NOTE 4.625% 6/1 47012EAB2 5,415 4,000,000 PRN SOLE 0 N/A N/A N/A JETBLUE AWYS CORP COM 477143101 664 28,600 SH PUT SOLE 0 28,600 0 0 JONES APPAREL GROUP INC COM 480074103 1,097 30,000 SH PUT SOLE 0 30,000 0 0 JUNIPER NETWORKS INC COM 48203R104 2,817 103,600 SH PUT SOLE 0 103,600 0 0 KERR MCGEE CORP SDCV 5.250% 2/1 492386AP2 5,563 5,250,000 PRN SOLE 0 N/A N/A N/A KERR MCGEE CORP COM 492386107 2,312 40,000 SH PUT SOLE 0 40,000 0 0 KULICKE & SOFFA INDS INC NOTE 0.500% 11/3 501242AL5 4,041 5,000,000 PRN SOLE 0 N/A N/A N/A KULICKE & SOFFA INDS INC COM 501242101 172 20,000 SH PUT SOLE 0 20,000 0 0 LAM RESEARCH CORP COM 512807108 2,024 70,000 SH PUT SOLE 0 70,000 0 0

FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ NAMES OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ LEHMAN BROS HLDGS INC COM 524908100 8,748 100,000 SH PUT SOLE 0 100,000 0 0 LENNAR CORP NOTE 4/0 526057AF1 2,433 3,000,000 PRN SOLE 0 N/A N/A N/A LENNAR CORP CL A 526057104 2,267 40,000 SH PUT SOLE 0 40,000 0 0 LIBERTY MEDIA CORP NEW DEB 0.750% 3/3 530718AF2 3,624 3,000,000 PRN SOLE 0 N/A N/A N/A LIBERTY MEDIA CORP NEW COM SER B 530718105 5,449 496,300 SH PUT SOLE 0 496,300 0 0 LINCARE HLDGS INC DBCV 3.000% 6/1 532791AB6 2,144 2,000,000 PRN SOLE 0 N/A N/A N/A LUCENT TECHNOLOGIES INC DBCV 2.750% 6/1 549463AG2 13,078 9,500,000 PRN SOLE 0 N/A N/A N/A MAXTOR CORP COM NEW 577729205 159 30,000 SH CALL SOLE 0 30,000 0 0 MAXTOR CORP COM NEW 577729205 212 40,000 SH PUT SOLE 0 40,000 0 0 MCAFEE INC COM 579064106 4,528 156,500 SH PUT SOLE 0 156,500 0 0 MCDATA CORP NOTE 2.250% 2/1 580031AD4 3,806 4,000,000 PRN SOLE 0 N/A N/A N/A MEDICIS PHARMACEUTICAL CORP NOTE 2.500% 6/0 58470KAA2 20,410 15,500,000 PRN SOLE 0 N/A N/A N/A MEDICIS PHARMACEUTICAL CORP CL A NEW 584690309 2,296 65,400 SH PUT SOLE 0 65,400 0 0 MEDTRONIC INC COM 585055106 27,666 557,000 SH PUT SOLE 0 557,000 0 0 MERCURY INTERACTIVE CORP COM 589405109 1,002 22,000 SH PUT SOLE 0 22,000 0 0 MICRON TECHNOLOGY INC NOTE 2.500% 2/0 595112AG8 1,484 1,250,000 PRN SOLE 0 N/A N/A N/A MICRON TECHNOLOGY INC COM 595112103 1,922 155,600 SH PUT SOLE 0 155,600 0 0 MICROSOFT CORP COM 594918104 3,741 140,000 SH PUT SOLE 0 140,000 0 0 NABORS INDUSTRIES LTD SHS G6359F103 9,463 184,500 SH PUT SOLE 0 184,500 0 0 NAVISTAR FINL CORP NOTE 4.750% 4/0 638902AM8 10,873 10,595,000 PRN SOLE 0 N/A N/A N/A NAVISTAR INTL CORP NEW COM 63934E108 16,066 365,300 SH PUT SOLE 0 365,300 0 0 NETEASE COM INC SPONSORED ADR 64110W102 4,287 81,000 SH PUT SOLE 0 81,000 0 0 NEW YORK CMNTY CAP TR V BONUSES 64944P307 1,869 32,500 SH SOLE 0 32,500 0 0 NEWS CORP CL A 65248E104 9,614 515,200 SH SOLE 0 515,200 0 0

FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ NAMES OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ NEXTEL COMMUNICATIONS INC CL A 65332V103 10,693 356,300 SH PUT SOLE 0 356,300 0 0 NII HLDGS INC NOTE 2.875% 2/0 62913FAC6 348 300,000 PRN SOLE 0 N/A N/A N/A NII HLDGS INC CL B NEW 62913F201 1,898 40,000 SH PUT SOLE 0 40,000 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 1,562 1,610,000 PRN SOLE 0 N/A N/A N/A NORTHWEST AIRLS CORP CL A 667280101 1,905 174,300 SH PUT SOLE 0 174,300 0 0 NVIDIA CORP COM 67066G104 2,969 126,000 SH PUT SOLE 0 126,000 0 0 OMNICOM GROUP INC COM 681919106 15,481 183,600 SH PUT SOLE 0 183,600 0 0 ON SEMICONDUCTOR CORP COM 682189105 68 15,000 SH PUT SOLE 0 15,000 0 0 OSI PHARMACEUTICALS INC NOTE 3.250% 9/0 671040AD5 18,930 11,000,000 PRN SOLE 0 N/A N/A N/A OSI PHARMACEUTICALS INC COM 671040103 4,731 63,200 SH PUT SOLE 0 63,200 0 0 PIXELWORKS INC COM 72581M107 153 13,500 SH PUT SOLE 0 13,500 0 0 PRIDE INTL INC DEL FRNT 2.500% 3/0 74153QAB8 14,944 11,800,000 PRN SOLE 0 N/A N/A N/A PRIDE INTL INC DEL COM 74153Q102 5,184 252,400 SH PUT SOLE 0 252,400 0 0 PROVIDIAN FINL CORP NOTE 4.000% 8/1 74406AAD4 8,405 7,000,000 PRN SOLE 0 N/A N/A N/A PROVIDIAN FINL CORP COM 74406A102 3,755 228,000 SH PUT SOLE 0 228,000 0 0 QLT INC NOTE 3.000% 9/1 746927AB8 4,809 4,000,000 PRN SOLE 0 N/A N/A N/A QUEST DIAGNOSTICS INC COM 74834L100 10,711 112,100 SH PUT SOLE 0 112,100 0 0 RADIAN GROUP INC COM 750236101 12,964 243,500 SH PUT SOLE 0 243,500 0 0 RED HAT INC COM 756577102 2,312 173,200 SH PUT SOLE 0 173,200 0 0 REEBOK INTL LTD COM 758110100 8,140 185,000 SH PUT SOLE 0 185,000 0 0 RELIANT ENERGY INC NOTE 5.000% 8/1 75952BAD7 4,607 2,800,000 PRN SOLE 0 N/A N/A N/A RELIANT ENERGY INC COM 75952B105 826 60,500 SH PUT SOLE 0 60,500 0 0 RITE AID CORP NOTE 4.750% 12/0 767754BA1 4,846 4,800,000 PRN SOLE 0 N/A N/A N/A RITE AID CORP COM 767754104 146 40,000 SH PUT SOLE 0 40,000 0 0 SANDISK CORP COM 80004C101 4,877 195,312 SH SOLE 0 195,312 0 0 SCHLUMBERGER LTD DBCV 1.500% 6/0 806857AC2 2,742 2,500,000 PRN SOLE 0 N/A N/A N/A SCHLUMBERGER LTD COM 806857108 20,359 304,100 SH PUT SOLE 0 304,100 0 0 SEALED AIR CORP NEW COM 81211K100 7,575 142,200 SH PUT SOLE 0 142,200 0 0 SFBC INTL INC COM 784121105 790 20,000 SH PUT SOLE 0 20,000 0 0

FORM 13F INFORMATION TABLE ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------------------------------------------------------------------------------------------------------ NAMES OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ SILICON VY BANCSHARES NOTE 6/1 827064AC0 4,407 3,200,000 PRN SOLE 0 N/A N/A N/A SILICON VY BANCSHARES COM 827064106 1,255 28,000 SH PUT SOLE 0 28,000 0 0 SINA CORP NOTE 7/1 82922RAB9 1,495 1,000,000 PRN SOLE 0 N/A N/A N/A SINA CORP ORD G81477104 1,282 40,000 SH PUT SOLE 0 40,000 0 0 SKYWORKS SOLUTIONS INC NOTE 4.750% 11/1 83088MAB8 23,338 19,215,000 PRN SOLE 0 N/A N/A N/A SKYWORKS SOLUTIONS INC COM 83088M102 2,452 260,000 SH PUT SOLE 0 260,000 0 0 SOLECTRON CORP COM 834182107 533 100,000 SH PUT SOLE 0 100,000 0 0 ST MARY LD & EXPL CO NOTE 5.750% 3/1 792228AC2 34,538 20,000,000 PRN SOLE 0 N/A N/A N/A ST PAUL TRAVELERS INC COM 792860108 1,842 49,700 SH PUT SOLE 0 49,700 0 0 STMICROELECTRONICS N V NY REGISTRY 861012102 773 40,000 SH PUT SOLE 0 40,000 0 0 TEVA PHARMACEUT FIN B V DBCV 0.375% 11/1 88164MAB4 7,482 5,200,000 PRN SOLE 0 N/A N/A N/A TEXAS INDS INC COM 882491103 536 8,600 SH CALL SOLE 0 8,600 0 0 TIME WARNER INC COM 887317105 4,668 240,000 SH PUT SOLE 0 240,000 0 0 TJX COS INC COM 872540109 1,508 60,000 SH PUT SOLE 0 60,000 0 0 TYCO INTL GROUP S A DBCV 2.750% 1/1 902118BF4 23,846 15,000,000 PRN SOLE 0 N/A N/A N/A TYCO INTL GROUP S A DBCV 3.125% 1/1 902118BG2 25,194 15,000,000 PRN SOLE 0 N/A N/A N/A TYCO INTL LTD NEW COM 902124106 36,619 1,024,600 SH PUT SOLE 0 1,024,600 0 0 UTSTARCOM INC NOTE 0.875% 3/0 918076AB6 1,171 1,000,000 PRN SOLE 0 N/A N/A N/A UTSTARCOM INC COM 918076100 1,278 57,700 SH PUT SOLE 0 57,700 0 0 VALEANT PHARAMCEUTICALS INTL COM 91911X104 3,141 117,000 SH PUT SOLE 0 117,000 0 0 VALEANT PHARAMCEUTICALS INTL NOTE 3.000% 8/1 91911XAB0 331 300,000 PRN SOLE 0 N/A N/A N/A WATSON PHARMACEUTICALS INTL COM 942683103 4,675 142,500 SH PUT SOLE 0 142,500 0 0 WEBMD CORP NOTE 3.250% 4/0 94769MAC9 5,784 5,600,000 PRN SOLE 0 N/A N/A N/A WEBMD CORP COM 94769M105 3,003 368,000 SH PUT SOLE 0 368,000 0 0 WILLIAMS COS INC DEL COM 969457100 489 30,000 SH CALL SOLE 0 30,000 0 0 WYNN RESORTS LTD COM 983134107 5,354 80,000 SH CALL SOLE 0 80,000 0 0 XL CAP LTD CL A G98255105 2,640 34,000 SH PUT SOLE 0 34,000 0 0

Filing Compare · Tugar Capital Management, L.P.