13F-HR 1 g25265e13fvhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 9-30-10 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: Otter Creek Management, Inc. Address: 222 Lakeview Avenue Suite 1130 West Palm Beach, FL 33401 Form 13F File Number: 028-10442 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: Joseph W. O'Neill Jr. Title: CFO Phone: 561-832-4110 Signature, Place, and Date of Signing: /s/ Joseph W. O'Neill Jr. West Palm Beach, FL 11-12-10 ------------------------------------ ------------------------ -------------- [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).) 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.] 9 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 106 Form 13F Information Table Value Total: 288,508 (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 --- -------------------- ---- ___ 28-_________________ ___________________________ [Repeat as necessary.] 10 FORM 13F INFORMATION TABLE
VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ------------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ -------------- --------- -------- -------- --- ---- ------- -------- ------- ------ ---- 1st United Bancorp Inc. (FL) COM 33740N105 127 19759 SH Sole 19759 ABBOTT LABORATORIES COM STK COM 002824100 5224 100000 SH Sole 100000 ABINGTON CMNTY BANCORP INC COM COM 00350L109 214 20300 SH Sole 20300 ALLEGIANT TRAVEL CO COM STK COM 01748X102 2116 50000 SH PUT Sole 50000 ALLETE INC COM STK COM 018522300 1472 40400 SH Sole 40400 AMAZON COM INC COM STK COM 023135106 4712 30000 SH PUT Sole 30000 AMERICAN WATER WKS CO INC COM 030420103 6632 285000 SH Sole 285000 AMERIS BANCORP COM STK COM 03076K108 2009 214901 SH Sole 214901 ANNALY CAPITAL MANAGEMENT INC COM 035710409 1357 77100 SH Sole 77100 ARCHER-DANIELS MIDLAND CO COM COM 039483102 2011 63000 SH Sole 63000 BRIDGEPOINT EDUCATION INC COM 10807M105 1314 85000 SH PUT Sole 85000 1082 70000 SH PUT Sole 70000 1546 100000 SH PUT Sole 100000 464 30000 SH PUT Sole 30000 309 20000 SH PUT Sole 20000 618 40000 SH PUT Sole 40000 BROADRIDG FIN COM 11133T103 2287 100000 SH Sole 100000 CHESAPEAKE UTILITIES CORP COM COM 165303108 1183 32652 SH Sole 32652 CHICOS FAS INC COM STK COM 168615102 1283 122000 SH Sole 122000 CLOUD PEAK ENERGY INC COM STK COM 18911Q102 1186 65000 SH Sole 65000 CNO FINANCIAL GROUP INC COM ST COM 12621E103 11479 2072100 SH Sole 2072100 DEERE & CO COM COM 244199105 4550 65200 SH Sole 65200 DEVON ENERGY CORP COM STK COM 25179M103 1483 22900 SH Sole 22900 DINEEQUITY INC COM STK COM 254423106 3149 70000 SH PUT Sole 70000 2249 50000 SH PUT Sole 50000 1125 25000 SH PUT Sole 25000 1349 30000 SH PUT Sole 30000 1349 30000 SH PUT Sole 30000 675 15000 SH PUT Sole 15000 900 20000 SH PUT Sole 20000 675 15000 SH PUT Sole 15000 ENSCO INTL INC ADR COM 29358Q109 4294 96000 SH Sole 96000 ENTERTAINMENT PROPERTIES TRUST COM 29380T105 1149 26600 SH PUT Sole 26600 EXXON MOBIL CORP COM STK COM 30231G102 2224 36000 SH Sole 36000 FLOW INTERNATIONAL CORP (FORME COM 343468104 2669 1014858 SH Sole 1014858 FST ADVNTG BNCRP COM 31848L104 757 70600 SH Sole 70600 FTI CONSULTING INC COM STK COM 302941109 3816 110000 SH PUT Sole 110000 3816 110000 SH PUT Sole 110000 1735 50000 SH PUT Sole 50000 GENESEE & WYO INC CL A COM S COM 371559105 868 20000 SH PUT Sole 20000 GREAT PLAINS ENERGY INC COM ST COM 391164100 945 50000 SH Sole 50000 GREEN MOUNTAIN COFFEE ROASTERS COM 393122106 3743 120000 SH PUT Sole 120000 1560 50000 SH PUT Sole 50000 2807 90000 SH PUT Sole 90000 3119 100000 SH PUT Sole 100000 4055 130000 SH PUT Sole 130000 1014 32500 SH PUT Sole 32500
1560 50000 SH PUT Sole 50000 936 30000 SH PUT Sole 30000 1560 50000 SH PUT Sole 50000 GULF IS FABRICATION INC COM ST COM 402307102 1238 68000 SH Sole 68000 Grand Canyon Education Inc COM 38526M106 1974 90000 SH PUT Sole 90000 HEINZ H J CO COM STK COM 423074103 5211 110000 SH Sole 110000 HMN FINANCIAL INC COM STK COM 40424G108 234 73905 SH Sole 73905 INDIANA CMNTY BANCORP COM STK COM 454674102 326 26000 SH Sole 26000 INTEL CORP COM STK COM 458140100 1920 100000 SH Sole 100000 ITT EDL SVCS INC COM STK COM 45068B109 7027 100000 SH PUT Sole 100000 JARDEN CORP COM STK COM 471109108 2646 85000 SH PUT Sole 85000 1557 50000 SH PUT Sole 50000 JOHNSON & JOHNSON COM COM 478160104 2107 34000 SH Sole 34000 LANCASTER COLONY CORP COM STK COM 513847103 8631 181701 SH Sole 181701 LANCE INC COM STK COM 514606102 13206 620000 SH Sole 620000 MARKET VECTORS GOLD MINERS COM 57060U100 1398 25000 SH Sole 25000 MB FINANCIAL INC COM 55264U108 1087 67000 SH Sole 67000 MICROSOFT CORP COM STK COM 594918104 3429 140000 SH Sole 140000 MONROE BANCORP COM STK COM 610313108 704 153013 SH Sole 153013 MONSANTO CO (NEW) COM STK COM 61166W101 2636 55000 SH Sole 55000 MVC CAP INC COM STK COM 553829102 3864 297900 SH Sole 297900 NETFLIX INC COM STK COM 64110L106 2432 15000 SH PUT Sole 15000 3243 20000 SH PUT Sole 20000 1622 10000 SH PUT Sole 10000 3243 20000 SH PUT Sole 20000 NEW YORK TIMES CO CL A COM S COM 650111107 774 100000 SH Sole 100000 NEWMONT MINING CORP COM STK COM 651639106 2060 32800 SH Sole 32800 NORDSTROM INC COM COM 655664100 1116 30000 SH PUT Sole 30000 NORTHFIELD BANCORP COM 66611L105 761 70288 SH Sole 70288 NUCOR CORP COM STK COM 670346105 2101 55000 SH Sole 55000 OLD REP INTL CORP COM STK COM 680223104 10802 779900 SH Sole 779900 PATTERSON-UTI ENERGY INC (EX P COM 703481101 3749 219500 SH Sole 219500 PMI GROUP INC COM STK COM 69344M101 551 150000 SH Sole 150000 POTLATCH HOLDINGS INC COM COM 737630103 1700 50000 SH Sole 50000 RADIOSHACK CORP DEL COM STK COM 750438103 3413 160000 SH Sole 160000 SEACOAST BKG CORP FLA COMMON COM 811707306 4739 3884472 SH Sole 3884472 SPDR GOLD TRUST COM 78463V107 6695 52342 SH Sole 52342 STRAYER ED INC COM STK COM 863236105 1745 10000 SH PUT Sole 10000 2618 15000 SH PUT Sole 15000 STRYKER CORP COM COM 863667101 9459 189000 SH Sole 189000 TIME WARNER INC COM 887317303 2197 71666 SH Sole 71666 TRADESTATION GP COM 89267P105 2632 400000 SH Sole 400000 VALERO ENERGY CORP COM 91913Y100 525 30000 SH CALL Sole 30000 VF CORP COM STK COM 918204108 4197 51800 SH Sole 51800 WESTERN UNION CO COM 959802109 3711 210000 SH Sole 210000 ZIMMER HOLDINGS INC COM STK COM 98956P102 4541 86783 SH Sole 86783 FEDERAL NATIONAL MORTGAGE A PFD 313586737 49 123600 SH Sole 123600 FPRS 6.5% CONV PFD PFD 345395206 2978 62500 SH Sole 62500 HEINZ FINANCE CO PFD PFD 42307T306 6224 58 SH Sole 58 STATOIL ASA ADR 85771P102 4196 200000 SH Sole 200000 VALE S.A ADR ADR 91912E105 1564 50000 SH PUT Sole 50000 5629 180000 SH PUT Sole 180000 3127 100000 SH PUT Sole 100000 3127 100000 SH PUT Sole 100000
2814 90000 SH PUT Sole 90000 2189 70000 SH PUT Sole 70000 ABERDEEN ASIA-PACIFIC INCOME F 003009107 1411 202778 SH Sole 202778 GABELLI DIVID & INCOME TR COM 36242H104 489 35100 SH Sole 35100 ANR 7.25% 8-1-14 CONV 350472AC0 6143 6000000 PRN Sole 6000000