13F-HR 1 v065383_13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 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: Pirate Capital LLC Address: 200 Connecticut Avenue Norwalk, CT 06854 Form 13F File Number: 28-11099 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: Thomas R. Hudson, Jr. Title: Managing Member Phone: 203 854-1100 Signature, Place, and Date of Signing: /s/ Thomas R. Hudson, Jr. Norwalk, Connecticut 2/14/2007 [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: 19 Form 13F Information Table Value Total: $1,209,304 (thousands) List of Other Included Managers: None 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 PIRATE CAPITAL LLC 13F INFORMATION TABLE December 31, 2006
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 ------------------------------------------------------------------------------------------------------------------------------------ PUT/ TITLE OF SHARES OR ---- INVESTMENT OTHER NAME OF ISSUER CLASS CUSIP VALUE (000) PRN AMT SH/PRN CALL DISCRETION MANAGERS ------------------------------------------------------------------------------------------------------------------------------------ 1 ALLIED DEFENSE GROUP common 019118108 24,870 1,170,361 SH Shared-Defined NONE 2 ANGELICA CORP common 034663104 31,351 1,215,147 SH Shared-Defined NONE 3 AQUILA INC common 03840P102 82,880 17,634,125 SH Shared-Defined NONE 4 BRINK'S CO common 109696104 263,244 4,118,330 SH Shared-Defined NONE 5 CEC ENTERTAINMENT INC common 125137109 95,932 2,383,409 SH Shared-Defined NONE 6 CKE RESTAURANTS, INC common 12561E105 92,884 5,048,034 SH Shared-Defined NONE 7 CORNELL COMPANIES INC common 219141108 42,546 2,321,100 SH Shared-Defined NONE 8 CUTTER & BUCK INC common 232217109 15,480 1,437,317 SH Shared-Defined NONE 9 GENCORP INC common 368682100 70,955 5,061,000 SH Shared-Defined NONE 10 HILTON HOTELS CORPORATION common 432848109 50,574 1,449,100 SH Shared-Defined NONE 11 HILTON HOTELS CORPORATION common 432848109 3,490 100,000 SH CALL Shared-Defined NONE 12 MUELLER WATER PRODUCTS INC common 624758207 72,566 4,870,170 SH Shared-Defined NONE 13 NETRATINGS, INC. common 64116M108 1,471 84,000 SH Shared-Defined NONE 14 PEP BOYS MANNY MOE & JACK common 713278109 97,586 6,567,017 SH Shared-Defined NONE 15 PEP BOYS MANNY MOE & JACK common 713278109 3,715 250,000 SH CALL Shared-Defined NONE 16 PH GLATFELTER CO common 377316104 43,161 2,784,584 SH Shared-Defined NONE 17 PW EAGLE INC common 69366Y108 101,516 2,942,492 SH Shared-Defined NONE 18 STARWOOD HOTELS & RESORTS WORLDWIDE common 85590A401 37,225 595,600 SH Shared-Defined NONE 19 WALTER INDUSTRIES INC common 93317Q105 77,858 2,878,300 SH Shared-Defined NONE 1,209,304.0 Column 8 ----------------------------- VOTING AUTHORITY SOLE SHARED NONE ----------------------------- 1 ALLIED DEFENSE GROUP 1,170,361 2 ANGELICA CORP 1,215,147 3 AQUILA INC 17,634,125 4 BRINK'S CO 4,118,330 5 CEC ENTERTAINMENT INC 2,383,409 6 CKE RESTAURANTS, INC 5,048,034 7 CORNELL COMPANIES INC 2,321,100 8 CUTTER & BUCK INC 1,437,317 9 GENCORP INC 5,061,000 10 HILTON HOTELS CORPORATION 1,449,100 11 HILTON HOTELS CORPORATION NA 12 MUELLER WATER PRODUCTS INC 4,870,170 13 NETRATINGS, INC. 84,000 14 PEP BOYS MANNY MOE & JACK 6,567,017 15 PEP BOYS MANNY MOE & JACK NA 16 PH GLATFELTER CO 2,784,584 17 PW EAGLE INC 2,942,492 18 STARWOOD HOTELS & RESORTS WORLDWIDE 595,600 19 WALTER INDUSTRIES INC 2,878,300