0001009012-11-000016.txt : 20111116 0001009012-11-000016.hdr.sgml : 20111116 20111116103752 ACCESSION NUMBER: 0001009012-11-000016 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111116 DATE AS OF CHANGE: 20111116 EFFECTIVENESS DATE: 20111116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZAZOVE ASSOCIATES LLC CENTRAL INDEX KEY: 0001009012 IRS NUMBER: 363984373 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05338 FILM NUMBER: 111209032 BUSINESS ADDRESS: STREET 1: 4801 WEST PETETSON SUITE 615 CITY: CHICAGO STATE: IL ZIP: 60646 BUSINESS PHONE: 3122838822 MAIL ADDRESS: STREET 1: 4801 WEST PETETSON SUITE 615 CITY: CHICAGO STATE: IL ZIP: 60646 13F-HR 1 qrtlyfiling13f093011.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 2049 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September30, 2011 Check here is Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Zazove Associates, LLC Address: 1001 Tahoe Blvd. Incline Village, NV 89451 13F File Number: 28-5338 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 M. Kleiman Title: Chief Operating Officer Phone: (847) 239-7100 Signature, Place, and Date of Signing: Steven M. Kleiman Northbrook, Illinois November 14, 2011 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 REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. Form 13 F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 140 Form 13F Information Table Value Total: $3,923,642 List of Other Included Managers: None VALUE SHARES OR SH/ Put/ INVSTMT OTHER Voting Authority NAME OF ISSUER TITLE OF CLASS CUSIP (1000s) PRN AMT PRN CALL DISCRTN Mgrs a) Sole b) Shared c) None Bank of America 7.25%CNV PFD L 060505682 2,498 3,265 Sole 3,265 Cumulus Media Inc CL A 231082108 333 117,322 Sole 117,322 Durect Corporation COM 266605104 1,425 884,940 Sole 884,940 Emmis Comm. Corp. PFD CV SER A 291525202 3,724 289,133 Sole 289,133 Fifth Third Bancorp CNV PFD DEP1/250 316773209 83,262 642,330 Sole 642,330 Hologic Inc COM 436440101 529 34,800 Sole 34,800 International Game Tech COM 459902102 654 45,000 Sole 45,000 NuVasive, Inc COM 670704105 203 11,900 Sole 11,900 Stanley Black & Decker UNIT 99/99/9999 854502309 113,546 1,105,068 Sole 1,105,068 Teva Pharm ADR 881624209 4,966 133,423 Sole 133,423 Wells Fargo & Co PERP PFD CNV A 949746804 21,053 20,400 Sole 20,400 FiberTower Corp COM NEW 31567R209 1,339 1,412,435 Sole 1,412,435 Fly Leasing SPONSORED ADR 34407D109 251 22,097 Sole 22,097 Iridium Comm. Inc. COM 46269C102 264 42,592 Sole 42,592 New York Comm Bancorp UNIT 99/99/9999 64944P307 38,939 875,032 Sole 875,032 ProShares UltraShort PSHS ULTSH 20YR 74347R297 1,166 60,000 Sole 60,000 Radio One, Inc CL D NON VTG 75040P405 1,190 1,000,000 Sole 1,000,000 Aspen Insurance Hold PFD PRP INC EQ G05384113 16,754 337,620 Sole 337,620 Ford Motor Co W EXP 01/01/201 345370134 6,299 2,850,240 Sole 2,850,240 Iridium Communications W EXP 02/14/201 46269C110 536 316,900 Sole 316,900 Owens Corning W EXP 10/31/201 690742127 37 29,434 Sole 29,434 General Motors Corp W EXP 07/10/201 37045V118 2,348 201,732 Sole 201,732 JP Morgan Chase & Co. W EXP 10/28/201 46634E114 2,076 223,039 Sole 223,039 Bank of America W EXP 01/16/201 060505146 282 103,900 Sole 103,900 General Motors Corp W EXP 07/10/201 37045V126 1,623 204,724 Sole 204,724 Zions Bancorporation W EXP 05/22/202 989701115 231 96,190 Sole 96,190 American Int'l Group W EXP 01/19/202 026874156 4,668 762,759 Sole 762,759 AAR Corp NOTE 1.750% 2/0 000361AH8 9,222 9,398,000 Sole 9,398,000 AGCO Corp NOTE 1.250%12/1 001084AM4 8,848 7,909,000 Sole 7,909,000 AMR Corporation NOTE 6.250%10/1 001765BC9 11,051 18,595,000 Sole Actuant Corp SDCV 2.672%11/1 00508XAB0 2,200 2,000,000 Sole Affiliated Mngrs Groupc NOTE 3.950% 8/1 008252AL2 40,778 38,515,000 Sole Alcoa Inc NOTE 5.250% 3/1 013817AT8 2,706 1,650,000 Sole Allegheny Technologies NOTE 4.250% 6/0 01741RAD4 77,581 63,942,000 Sole Alliance Data Systems NOTE 4.750% 5/1 018581AC2 3,976 1,942,000 Sole Alliance Data Systems NOTE 1.750% 8/0 018581AD0 88,108 69,445,000 Sole Alliant Techsystems NOTE 3.000% 8/1 018804AK0 21,249 21,000,000 Sole Johnson & Johnson SDCV 7/2 02261WAB5 147,218 162,331,000 Sole Annaly Mortgage Mngmt NOTE 4.000% 2/1 035710AA0 2,725 2,384,000 Sole Arcelormittal NOTE 5.000% 5/1 03938LAK0 141,665 134,280,000 Sole Archer-Daniels-Midland NOTE 0.875% 2/1 039483AW2 10,172 10,200,000 Sole Borgwarner Inc NOTE 3.500% 4/1 099724AF3 2,184 1,178,000 Sole Cemex S.A. NOTE 4.875% 3/1 151290AV5 4,325 9,130,000 Sole Central European Dist NOTE 3.000% 3/1 153435AA0 7,062 10,310,000 Sole Central European Media NOTE 5.000%11/1 153443AH9 6,874 9,820,000 Sole Cephalon Inc NOTE 2.000% 6/0 156708AP4 3,379 1,920,000 Sole Charles River Labs NOTE 2.250% 6/1 159864AB3 2,134 2,175,000 Sole Chemed Corporation NOTE 1.875% 5/1 16359RAC7 26,096 26,227,000 Sole Cheniere Energy NOTE 2.250% 8/0 16411RAE9 10,643 13,140,000 Sole Chesapeake Energy Corp NOTE 2.500% 5/1 165167CA3 61,128 64,176,000 Sole China Medical Tech NOTE 4.000% 8/1 169483AC8 12,822 19,575,000 Sole China Medical Tech NOTE 6.250%12/1 169483AE4 18,842 35,720,000 Sole United Continental Hld NOTE 4.500% 1/1 210795PU8 20,565 16,370,000 Sole Covanta Holding Corp NOTE 3.250% 6/0 22282EAC6 6,684 6,118,000 Sole Danaher Corporation NOTE 1/2 235851AF9 62,558 51,315,000 Sole Delta Petroleum Corp NOTE 3.750% 5/0 247907AD0 9,607 11,042,000 Sole Dendreon Corp NOTE 2.875% 1/1 24823QAC1 5,011 6,935,000 Sole Dominion Resources Inc NOTE 2.125%12/1 25746UAT6 107,737 73,856,000 Sole DryShips Inc NOTE 5.000%12/0 262498AB4 17,871 29,236,000 Sole EMC Corp NOTE 1.750%12/0 268648AK8 2,542 1,942,000 Sole EMC Corp NOTE 1.750%12/0 268648AM4 63,262 44,873,000 Sole Eastman Kodak NOTE 7.000% 4/0 277461BJ7 7,634 29,360,000 Sole Endo Pharma Holdings NOTE 1.750% 4/1 29264FAB2 2,201 1,950,000 Sole Energy Conversion Dev NOTE 3.000% 6/1 292659AA7 8,143 16,790,000 Sole EnPro Industries, Inc DBCV 3.938%10/1 29355XAB3 65,094 58,250,000 Sole Exide Technologies FRNT 9/1 302051AL1 383 450,000 Sole Exterran Holdings Inc NOTE 4.250% 6/1 30225XAA1 84,007 92,063,000 Sole FiberTower Corp NOTE 9.000%11/1 31567RAC4 2,158 4,110,000 Sole Genco Shipping Trading NOTE 5.000% 8/1 36869MAA3 27,121 39,592,000 Sole Gilead Sciences, Inc NOTE 0.625% 5/0 375558AH6 153,925 134,432,000 Sole GMX Resources Inc NOTE 5.000% 2/0 38011MAB4 7,953 9,640,000 Sole GMX Resources Inc NOTE 4.500% 5/0 38011MAJ7 7,009 11,398,000 Sole Goldcorp, Inc NOTE 2.000% 8/0 380956AB8 142,879 114,532,000 Sole Wilson Greatbatch Tech SDCV 2.250% 6/1 39153LAB2 1,864 1,906,000 Sole Greenbrier Companies NOTE 2.375% 5/1 393657AD3 684 720,000 Sole Hawaiian Holdings, Inc. NOTE 5.000% 3/1 419879AD3 12,608 14,435,000 Sole Headwaters Incorporated NOTE 2.500% 2/0 42210PAD4 13,812 20,017,000 Sole Hertz Global Holdings NOTE 5.250% 6/0 42805TAA3 2,838 2,185,000 Sole Hutchinson Technology NOTE 8.500% 1/1 448407AG1 13,659 19,868,000 Sole iStar Financial FRNT 10/0 45031UBF7 6,582 7,480,000 Sole Icahn Enterprises LP FRNT 8/1 451102AB3 4,425 4,720,000 Sole Illumina Inc NOTE 0.625% 2/1 452327AB5 2,816 1,505,000 Sole Int'l Game Technology NOTE 3.250% 5/0 459902AQ5 145,277 126,603,000 Sole Interpublic Group NOTE 4.750% 3/1 460690BE9 74,619 69,458,000 Sole InterOil Corporation NOTE 2.750%11/1 460951AC0 1,608 2,000,000 Sole Life Technologies NOTE 1.500% 2/1 46185RAK6 51,454 50,945,000 Sole Janus Capital Group Inc NOTE 3.250% 7/1 47102XAG0 21,277 21,739,000 Sole Jefferies Group, Inc DBCV 3.875%11/0 472319AG7 15,316 16,705,000 Sole K-V Pharmaceutical NOTE 2.500% 5/1 482740AC1 1,106 4,705,000 Sole Level 3 Comm, Inc NOTE 15.000% 1/1 52729NBM1 2,545 2,000,000 Sole Level 3 Comm, Inc NOTE 7.000% 3/1 52729NBP4 57,406 48,190,000 Sole Level 3 Comm, Inc NOTE 6.500%10/0 52729NBR0 2,629 1,850,000 Sole Liberty Media DEB 3.500% 1/1 530715AN1 735 1,340,000 Sole Liberty Media DEB 3.250% 3/1 530715AR2 127,286 165,306,000 Sole Liberty Media DEB 3.125% 3/3 530718AF2 84,340 78,047,000 Sole LifePoint Hospitals NOTE 3.500% 5/1 53219LAH2 2,123 2,092,000 Sole Live Nation Inc NOTE 2.875% 7/1 538034AB5 2,043 2,295,000 Sole MF Global Ltd NOTE 3.375% 8/0 55277JAB4 35,385 45,365,000 Sole McMoRan Exploration NOTE 5.250%10/0 582411AE4 2,337 2,304,000 Sole Molson Coors Brewing Co NOTE 2.500% 7/3 60871RAA8 45,308 42,893,000 Sole Morgans Hotel Group NOTE 2.375%10/1 61748WAB4 8,068 10,714,000 Sole Mylan, Inc NOTE 3.750% 9/1 628530AJ6 2,818 1,942,000 Sole Nash Finch Company FRNT 1.631% 3/1 631158AD4 2,218 5,070,000 Sole National Retail Prop NOTE 3.950% 9/1 637417AA4 2,177 1,921,000 Sole Navistar Intl NOTE 3.000%10/1 63934EAL2 20,008 20,057,000 Sole NetApp, Inc NOT4E 1.750% 6/0 64110DAB0 58,982 48,570,000 Sole Newmont Mining Corp NOTE 1.250% 7/1 651639AH9 127,156 86,796,000 Sole Newpark Resources, Inc. NOTE 4.000%10/0 651718AC2 1,539 1,650,000 Sole Northgate Minerals Corp NOTE 3.500%10/0 666416AB8 31,577 28,320,000 Sole NovaGold Resources Inc. NOTE 5.500% 5/0 66987EAA5 2,498 2,500,000 Sole Old Republic Int'l NOTE 8.000% 5/1 680223AF1 63,628 61,812,000 Sole Omnicom Group NOTE 7/0 682134AA9 85,829 82,827,000 Sole Onyx Pharmaceuticals NOTE 4.000% 8/1 683399AB5 760 680,000 Sole PHH Corporation NOTE 4.000% 9/0 693320AN3 16,728 17,632,000 Sole PMI Group, Inc NOTE 4.500% 4/1 69344MAK7 743 2,360,000 Sole Powerwave Technologies NOTE 3.875%10/0 739363AF6 10,906 13,300,000 Sole Prologis, Inc NOTE 3.250% 3/1 74340XAT8 24,349 24,595,000 Sole Providence Service Corp NOTE 6.500% 5/1 743815AB8 7,524 7,600,000 Sole Rayonier Inc NOTE 3.750%10/1 75508AAB2 43,572 38,991,000 Sole Rentech, Inc NOTE 4.000% 4/1 760112AA0 10,717 13,070,000 Sole Rite Aid Corp NOTE 8.500% 5/1 767754BU7 21,013 23,219,000 Sole SBA Communications Corp NOTE 4.000%10/0 78388JAM8 2,506 1,942,000 Sole SBA Communications Corp NOTE 1.875% 5/0 78388JAN6 14,006 13,500,000 Sole Safeguard Scientifics DBCV 10.125% 3/1 786449AH1 3,848 3,030,000 Sole School Specialty, Inc SDCV 3.750%11/3 807863AM7 26,808 29,622,000 Sole Sotheby's NOTE 3.125% 6/1 835898AC1 59,408 53,400,000 Sole Stanley Black & Decker FRNT 5/1 854616AM1 74,496 72,275,000 Sole Steel Dynamics, Inc NOTE 5.125% 6/1 858119AP5 45,089 44,041,000 Sole Sterlite Industries Ltd NOTE 4.000%10/3 859737AB4 109,844 130,185,000 Sole Symantec Corporation NOTE 1.000% 6/1 871503AF5 90,884 79,375,000 Sole THQ Inc NOTE 5.000% 8/1 872443AB2 12,255 14,126,000 Sole Teleflex Incorporated NOTE 3.875% 8/0 879369AA4 18,835 17,240,000 Sole Teva Pharm DBCV 0.250% 2/0 88163VAE9 126,969 123,271,000 Sole Textron Inc NOTE 4.500% 5/0 883203BN0 53,176 34,940,000 Sole Time Warner Telecom DBCV 2.375% 4/0 887319AC5 2,211 2,022,000 Sole Tyson Foods, Inc NOTE 3.250%10/1 902494AP8 40,319 33,460,000 Sole USEC Inc NOTE 3.000%10/0 90333EAC2 3,437 6,500,000 Sole United Rentals Inc NOTE 4.000%11/1 911363AL3 3,258 1,942,000 Sole United States Steel NOTE 4.000% 5/1 912909AE8 6,401 6,150,000 Sole Xilinx, Inc NOTE 2.625% 6/1 983919AF8 117,472 102,820,000 Sole 3,923,642