-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SeSM5oiddoQLvwxgT/ZJ89L+4R/2JmDHjRnmS3zkpdL3jZpod9s5w7gSWJPB/QMT Bu+ob42Wx7OEnA45+IfzMA== 0000950123-08-005682.txt : 20080515 0000950123-08-005682.hdr.sgml : 20080515 20080515060242 ACCESSION NUMBER: 0000950123-08-005682 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080515 DATE AS OF CHANGE: 20080515 EFFECTIVENESS DATE: 20080515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAR CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001051359 IRS NUMBER: 043153755 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06766 FILM NUMBER: 08833927 BUSINESS ADDRESS: STREET 1: ONE INTERNATIONAL PLACE SUITE 2401 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6175268964 MAIL ADDRESS: STREET 1: ONE INTERNATIONAL PLACE SUITE 2401 CITY: BOSTON STATE: MA ZIP: 02110 13F-HR 1 y57686e13fvhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/08 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:PAR Capital Management, Inc. Address: One International Place Suite 2401 Boston, Massachusetts 02110 Form 13F File Number: 28-_____________ 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: Gina DiMento Title: Vice President Phone: 617-526-8990 Signature, Place, and Date of Signing: Gina DiMento Boston, MA 5/15/08 - ------------------------------------- -------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check one only): [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-___________________________ _______________________________________ [Repeat as necessary.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 91 Form 13F Information Table Value Total: $1,616,205 (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. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name _______ ___________________________ ________________________________ [Repeat as necessary.] Page 1 of 3 FORM 13F As of March 31, 2008 Name of Reporting manager: PAR CAPITAL MANAGEMENT, INC. (SEC USE ONLY)
ITEM 6: INVESTMENT DISCRETION ITEM 5: --------------------- SHARES OF (B) ITEM 8 ------------------ SHARED VOTING AUTHORITY SHR/ -AS ITEM 7: (SHARES) ITEM 3: ITEM 4: PRN/ DEFINED (C) MANAGERS -------------------- ITEM 1: ITEM 2: CUSIP FAIR MARKET PRINCIPAL PUT/ (A) IN SHARED- SEE (A) (B) (C) NAME OF ISSUER TITLE OF CLASS NUMBER VALUE AMOUNT CALL SOLE INSTR. V OTHER INSTR. V SOLE SHARED NONE -------------- -------------- --------- -------------- ------------- ---- ---- -------- ------- -------- -------- ------ ---- Activision Inc. Common 004930202 1,365,500.00 50,000.00 SHR X 50000 Airtran Holdings, Inc. Common 00949P108 36,027,420.00 5,458,700.00 SHR X 5458700 Allegiant Travel Company Common 01748X102 72,989,635.72 2,762,666.00 SHR X 2762666 Allot Communications Ltd Common M0845Q105 470,013.60 195,839.00 SHR X 195839 AmDocs Limited Common G02602103 1,418,000.00 50,000.00 SHR X 50000 AmerisourceBergen Corp Common 03073E105 42,221,694.00 1,030,300.00 SHR X 1030300 AMR Corp Common 001765106 9,020,000.00 1,000,000.00 SHR X 1000000 ARM Holdings PLC Sponsored ADR 04206B106 11,973,440.00 2,272,000.00 SHR X 2272000 Asia Pacific Wire & Cable Ltd Common G0535E106 3,782,724.00 687,768.00 SHR X 687768 ASML Holding NV Common N07059186 12,826,770.00 517,000.00 SHR X 517000 Bally Technologies Inc Common 05874B107 50,833,502.00 1,480,300.00 SHR X 1480300 Blockbuster Inc. Class A Common 093679108 4,727,000.00 1,450,000.00 SHR X 1450000 Bluefly Inc Common 096227103 610,466.34 1,326,524.00 SHR X 1326524 Boyd Gaming Corporation Common 103304101 6,334,000.00 316,700.00 SHR X 316700 Cbeyond Communications, Inc. Common 149847105 7,786,012.30 414,370.00 SHR X 414370 CKE Restaurants Common 12561E105 5,610,000.00 500,000.00 SHR X 500000 Charter Communications Class A Common 16117M107 213,000.00 250,000.00 SHR X 250000 Clear Channel Communications Common 184502102 175,320,000.00 6,000,000.00 SHR X 6000000 Coho, Inc. Common 192576106 1,287,000.00 79,200.00 SHR X 79200 Conexant Systems Inc Common 207142100 2,523,344.39 4,351,344.00 SHR X 4351344 Continental Airlines Inc. Class B Common 210795308 3,326,790.00 173,000.00 SHR X 173000 Cypress Semiconductor Corp Common 232806109 14,874,300.00 630,000.00 SHR X 630000 Daystar Technologies Inc. Common 23962Q100 93,240.00 31,500.00 SHR X 31500 Delta Air Lines, Inc. Common 247361702 16,817,661.20 1,955,542.00 SHR X 1955542 Dish Network Corp Class A Common 25470M109 28,730,000.00 1,000,000.00 SHR X 1000000 Echostar Communications Class A Common 278762109 7,385,000.00 250,000.00 SHR X 250000 Espeed Inc. Common 296643109 18,618,314.88 1,596,768.00 SHR X 1596768 Expedia Inc. Common 30212P105 55,658,017.47 2,542,623.00 SHR X 2542623 ExpressJet Holdings Inc. Class A Common 30218U108 6,476,356.59 2,462,493.00 SHR X 2462493 Flextronics International Ltd Common Y2573F102 93,054.90 9,910.00 SHR X 9910
Page 2 of 3 FORM 13F As of March 31, 2008 Name of Reporting manager: PAR CAPITAL MANAGEMENT, INC. (SEC USE ONLY)
ITEM 6: INVESTMENT DISCRETION ITEM 5: --------------------- SHARES OF (B) ITEM 8 ------------------ SHARED VOTING AUTHORITY SHR/ -AS ITEM 7: (SHARES) ITEM 3: ITEM 4: PRN/ DEFINED (C) MANAGERS -------------------- ITEM 1: ITEM 2: CUSIP FAIR MARKET PRINCIPAL PUT/ (A) IN SHARED- SEE (A) (B) (C) NAME OF ISSUER TITLE OF CLASS NUMBER VALUE AMOUNT CALL SOLE INSTR. V OTHER INSTR. V SOLE SHARED NONE -------------- -------------- --------- -------------- ------------- ---- ---- -------- ------- -------- -------- ------ ---- Formfactor Inc. Common 346375108 6,780,843.80 355,018.00 SHR X 355018 Google Inc Common 38259P508 22,023,500.00 50,000.00 SHR X 50000 Guidance Software Inc. Common 401692108 4,370,956.25 488,375.00 SHR X 488375 Hawaiian Holdings Inc Common 419879101 7,980,000.00 1,330,000.00 SHR X 1330000 Hittite Microwave Corp Common 43365Y104 15,293,554.00 408,700.00 SHR X 408700 IAC/Interactive Corp Common 44919P300 3,633,000.00 175,000.00 SHR X 175000 I C Isaacs & Co Inc Common 464192103 664,254.50 1,459,900.00 SHR X 1459900 Intersil Corp Class A Common 46069S109 9,111,566.50 354,950.00 SHR X 354950 Jetblue Airways Corp Common 477143101 8,571,820.00 1,477,900.00 SHR X 1477900 LDK Solar Co Ltd Sponsored ADR 50183L107 4,320,000.00 160,000.00 SHR X 160000 LDK Solar Co Ltd Sponsored ADR 50183L107 2,700,000.00 100,000.00 PUT X 100000 Leadis Technology Inc. Common 52171N103 114,433.56 59,292.00 SHR X 59292 Leapfrog Enterprises Inc. Class A Common 52186N106 1,726,178.40 244,848.00 SHR X 244848 Lodgenet Entertainment Corporation Common 540211109 6,090,000.00 1,000,000.00 SHR X 1000000 Majesco Holdings Inc. Common 560690208 460,040.00 400,000.00 SHR X 400000 Marchex Inc. Common 56624R108 39,920,000.00 4,000,000.00 SHR X 4000000 Marvell Technology Group Ltd Common G5876H105 17,394,530.56 1,598,762.00 SHR X 1598762 Mattson Technology Inc. Common 577223100 437,054.94 71,766.00 SHR X 71766 Mediacom Communications Corp Class A Common 58446K105 2,073,637.00 478,900.00 SHR X 478900 Meridian Resources Corp Common 58977Q109 5,575,905.92 3,767,504.00 SHR X 3767504 Microsoft Corp Common 594918104 1,419,000.00 50,000.00 SHR X 50000 Merrill Lynch & Co, Inc. Common 590188108 3,835,263.60 94,140.00 SHR X 94140 Morgan Stanley Common 617446448 4,780,220.00 104,600.00 SHR X 104600 Mosys Inc Common 619718109 2,266,764.00 519,900.00 SHR X 519900 Multimedia Games Inc. Common 749938106 7,771,601.04 1,455,356.00 SHR X 1455356 Nintendo Co. LTD ADR Common 654445303 5,493,222.02 85,100.00 SHR X 85100 Northwest Airlines Corp Common 667280408 10,797,556.37 1,201,063.00 SHR X 1201063 Odyssey Healthcare Inc. Common 67611V101 7,858,800.00 873,200.00 SHR X 873200 Ohio Art Co Common 677143109 334,125.00 40,500.00 SHR X 40500 Opentv Corp Class A Common G67543101 79,650.00 67,500.00 SHR X 67500 Orbitz Worldwide, Inc. Common 68557K109 92,052,907.96 13,360,364.00 SHR X 13360364 Penn National Gaming Inc. Common 707569109 43,713,557.52 999,624.00 SHR X 999624
Page 3 of 3 FORM 13F As of March 31, 2008 Name of Reporting manager: PAR CAPITAL MANAGEMENT, INC. (SEC USE ONLY)
ITEM 6: INVESTMENT DISCRETION ITEM 5: --------------------- SHARES OF (B) ITEM 8 ------------------ SHARED VOTING AUTHORITY SHR/ -AS ITEM 7: (SHARES) ITEM 3: ITEM 4: PRN/ DEFINED (C) MANAGERS -------------------- ITEM 1: ITEM 2: CUSIP FAIR MARKET PRINCIPAL PUT/ (A) IN SHARED- SEE (A) (B) (C) NAME OF ISSUER TITLE OF CLASS NUMBER VALUE AMOUNT CALL SOLE INSTR. V OTHER INSTR. V SOLE SHARED NONE -------------- -------------- --------- -------------- ------------- ---- ---- -------- ------- -------- -------- ------ ---- Pharmarica Corporation Common 71714F104 8,319,797.00 502,100.00 SHR X 502100 Planetout Inc. Common 727058109 680,584.32 185,952.00 SHR X 185952 Pozen Inc. Common 73941U102 13,642,006.56 1,316,796.00 SHR X 1316796 Priceline Inc. Common 741503403 286,160,222.00 2,367,700.00 SHR X 2367700 Pure Cycle Corp New Common 746228303 17,101,225.66 3,070,238.00 SHR X 3070238 QLT Inc. Common 746927102 1,073,165.00 302,300.00 SHR X 302300 Realnetworks, Inc. Common 75605L104 24,427,425.48 4,263,076.00 SHR X 4263076 Sandisk Corp Common 80004C101 5,642,500.00 250,000.00 SHR X 250000 Shutterfly Inc. Common 82568P304 10,081,860.00 678,000.00 SHR X 678000 Spectrum Control Inc. Common 847615101 495,442.98 58,563.00 SHR X 58563 Starent Networks Corp Common 85528P108 7,911,000.00 586,000.00 SHR X 586000 Sunair Electronics Inc Common 867017105 2,242,793.85 879,527.00 SHR X 879527 Supertex Inc. Common 868532102 7,419,871.81 363,541.00 SHR X 363541 Synaptics Inc. Common 87157D109 7,990,582.32 334,614.00 SHR X 334614 Tejas Incorporated Common 879077105 131,867.40 188,382.00 SHR X 188382 Teradyne Inc. Common 880770102 4,720,842.00 380,100.00 SHR X 380100 Teradyne Inc. Common 880770102 724,086.00 58,300.00 PUT X 58300 Terra Nova Financial Group, Inc. Common 88102L204 3,085,030.00 2,373,100.00 SHR X 2373100 THQ Inc. Common 872443403 1,090,000.00 50,000.00 SHR X 50000 Tivo Inc. Common 888706108 39,420,000.00 4,500,000.00 SHR X 4500000 Trump Entertainment Resorts Inc. Common 89816T103 4,937,565.60 1,371,546.00 SHR X 1371546 Tucows Inc. Common 898697107 1,053,288.00 1,755,480.00 SHR X 1755480 UAL Corporation Common 902549807 15,991,192.20 742,740.00 SHR X 742740 UnitedHealth Group, Inc. Common 91324P102 108,234,000.00 3,150,000.00 SHR X 3150000 Universal Health Services Inc. Class B Common 913903100 70,073,288.74 1,305,146.00 SHR X 1305146 US Airways Group Common 90341W108 2,392,201.35 268,485.00 SHR X 268485 Vonage Holdings Corp Common 92886T201 8,077,470.00 4,366,200.00 SHR X 4366200 Website Pros Inc Common 94769V105 21,720,653.07 2,209,629.00 SHR X 2209629 Webzen Inc. Common ADR 94846M102 863,136.12 280,239.00 SHR X 280239 Yahoo, Inc. Common 984332106 1,446,500.00 50,000.00 SHR X 50000
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