13F-HR/A 1 a13f11q4.txt UNITED STATES SECURITIES AND EXCHANGE COMISSION WASHINGTON, DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2011 Check here if Amendment [X]; Amendment Number: 2 This Amendment (Check only one.): [ X] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Appaloosa Management L.P. Address: 51 JFK Parkway, Suite 250B Short Hills, NJ 07078 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: Michael L. Palmer Title: Chief Financial Officer Phone: 973-701-7000 Signature, Place and Date of Signing: Michael L. Palmer Short Hills, New Jersey 02/14/2012 Report Type (check only one): [X ] 13F Holdings Report [ ] 13F Notice [ ] 13F Combination Report List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQIURED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 29 Form 13F Information Table Value Total: 764,818,000 Name of Issuer Title of Class CUSIP Fair Market Shares or Investment Discretion Managers Voting Authority (Shares) Number Value Principal (a) Sole (b) Shared - (c) Shared - (a) Sole (b) Shared (c) None Amount As Defined Other ------------------------------------- ---------------- -------------- --------- ---------- ---- Apple Inc COM 037833100 73,649 181,850 x 181,850 Beazer Homes USA Inc COM 07556Q105 711 286,614 x 286,614 Boston Scientific Corp COM 101137107 41,639 7,797,503 x 7,797,503 Calumet Specialty Products Partners LP UT LTD PARTNER 131476103 25,985 1,288,944 x 1,288,944 CF Industries Holdings Inc COM 125269100 7,152 49,332 x 49,332 CVR Energy Inc COM 12662P108 93,743 5,004,961 x 5,004,961 Dean Foods Co COM 242370104 69,204 6,178,936 x 6,178,936 Delphi Automotive PLC SHS G27823106 4,938 229,236 x 229,236 Financial Select Sector SPDR Fund SBI INT-FINL 81369Y605 27,950 2,150,000 x 2,150,000 General Motors Co *W EXP 07/10/201 37045V118 2,059 175,561 x 175,561 General Motors Co *W EXP 07/10/201 37045V126 1,373 175,561 x 175,561 Goodyear Tire & Rubber Co. COM 382550101 85,831 6,057,224 x 6,057,224 The Hartford Financial Services Group *W EXP 06/26/201 416515120 11,658 1,275,475 x 1,275,475 International Paper Company COM 460146103 21,563 728,487 x 728,487 Macy's Inc COM 55616P104 23,903 742,803 x 742,803 Masco Corp COM 574599106 1,524 145,409 x 145,409 Microsoft Corp COM 594918104 18,830 725,350 x 725,350 MPG Office Trust Inc COM 553274101 8,542 4,292,354 x 4,292,354 Mueller Water Products Inc. COM 624758108 23,038 9,441,736 x 9,441,736 Oracle Corp COM 68389X105 31,255 1,218,526 x 1,218,526 Royal Bk Scotland Group PLC SP ADR L RP PF 780097788 10,620 720,000 x 720,000 Royal Bk Scotland Group PLC SP ADR PREF M 780097796 15,317 1,350,696 x 1,350,696 Royal Bk Scotland Group PLC ADR PREF SER N 780097770 37,413 3,352,443 x 3,352,443 Royal Bk Scotland Group PLC ADR PREF SHS Q 780097754 19,294 1,594,519 x 1,594,519 Royal Bk Scotland Group PLC SP ADR PREF S 780097739 25,261 2,189,014 x 2,189,014 Royal Bk Scotland Group PLC SP ADR PREF T 780097713 24,416 1,912,014 x 1,912,014 United Continental Holdings Inc. COM 910047109 22,416 1,187,901 x 1,187,901 US Airways Group Inc COM 90341W108 16,418 3,238,217 x 3,238,217 Valero Energy Corp COM 91913Y100 19,117 908,161 x 908,161