13F-HR 1 g11761n1e13fvhr.txt OTTER CREEK MANAGEMENT, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12-31-2007 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 Ave. ----------------------------------- Suite 1130 ----------------------------------- West Palm Beach, FL 33401 ----------------------------------- Form 13F File Number: 28-10442 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 2-13-08 -------------------------- --------------------- --------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDING 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: 122 ----------- Form 13F Information Table Value Total: 123,710 ----------- (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. 13F File Number Name ___ 28-_________________ _____________________________ [Repeat as necessary] Otter Creek Management PORTFOLIO APPRAISAL 31-Dec-07 FOR M 13F SUMMARY PAGE
Report Summary: Number of other Included Managers: - Form 13F Information Table Entry Total: 122 Form 13F Information Table Value Total: 123,710 FORM 13F INFORMATION TABLE VOTING AUTHORITY VALUE SHARES/ SH/ PUT/ INVSTM OTHER --------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DCRETN MANAGERS SOLE SHARED ----------------------------------------------------------------------------------------------------------------------------------- 3COM CORP COM STK COMMON STOCK - LONG 885535104 607 134,200 SH SOLE 134,200 ABERDEEN ASIA-PACIFIC INCOME F COM STK MUTUAL FUNDS - LONG 003009107 1,489 256,678 SH SOLE 256,678 ALTRIA GROUP INC COMMON STOCK - LONG 02209S103 2,419 32,000 SH SOLE 32,000 AQUILA INC DEL NEW COM STK COMMON STOCK - LONG 03840P102 4,103 1,100,000 SH SOLE 1,100,000 BLACKROCK CORPORATE HIGH YIELD COM STK MUTUAL FUNDS - LONG 09255P107 477 40,548 SH SOLE 40,548 BORLAND SOFTWARE COR COMMON STOCK - LONG 099849101 416 138,300 SH SOLE 138,300 BUCKEYE OHIO TOB SETTLMNT FING AUTH ASSE MUNICIPAL BONDS 118217AN8 1,362 1,400,000 PRN SOLE 1,400,000 BORDERS GROUP CALLS - LONG 99O9J0NT9 1 200 CALL SOLE 200 SLM CORP EDNOTES BOOK ENTRY COM STK CALLS - LONG 99O9H4PC8 3 500 CALL SOLE 500 CARROLS HOLDINGS CORP COMMON STOCK - LONG 14574X104 431 45,000 SH SOLE 45,000 CHINA LIFE INSURANCECO ADR AMERICAN DEPOSITORY RECEIPTS - 16939P106 536 7,000 SH SOLE 7,000 CKH 9.5 15AUG2013 CORPORATE BONDS 81169PAD3 8,989 8,500,000 PRN SOLE 8,500,000 CLAYMORE / RAYMOND JAMES SB-1 COM STK MUTUAL FUNDS - LONG 183833102 2,849 164,700 SH SOLE 164,700 CONAGRA FOODS INC COM STK COMMON STOCK - LONG 205887102 678 28,500 SH SOLE 28,500 CYMI CB 3.5 15FEB2009 CONVERTIBLE BONDS - LONG 232572AE7 3,783 3,741,000 SH SOLE 3,741,000 DEAN FOODS CO NEW COMMON STOCK - LONG 242370104 401 15,500 SH SOLE 15,500 DOW CHEMICAL CORP COM STK COMMON STOCK - LONG 260543103 3,299 83,700 SH SOLE 83,700 DWS GLOBAL COMMODITIES STK FD COM STK MUTUAL FUNDS - LONG 23338Y100 2,862 162,500 SH SOLE 162,500 EMERSON ELECTRIC CO COM STK COMMON STOCK - LONG 291011104 1,756 30,986 SH SOLE 30,986 F 5.625 01OCT2008 CORPORATE BONDS 345397UA9 2,913 3,000,000 PRN SOLE 3,000,000 FINANCIAL INDS CORP COM COMMON STOCK - LONG 317574101 3,274 574,437 SH SOLE 574,437 FLORIDA PUB UTILS CO COM STK COMMON STOCK - LONG 341135101 199 16,900 SH SOLE 16,900 FLOW INTERNATIONAL CORP (FORME COM STK COMMON STOCK - LONG 343468104 606 65,002 SH SOLE 65,002 GABELLI DIVID & INCOME TR COM STK MUTUAL FUNDS - LONG 36242H104 726 35,100 SH SOLE 35,100 GAP INC COM STK COMMON STOCK - LONG 364760108 647 30,400 SH SOLE 30,400 GENERAL MOTORS CORP SR A 4.5% CONV PFD PREFERRED STOCK 370442741 1,784 92,700 SH SOLE 92,700 GMAC 7.75 19JAN2010 CORPORATE BONDS 370425RP7 1,866 2,000,000 PRN SOLE 2,000,000 GULF IS FABRICATION INC COM STK COMMON STOCK - LONG 402307102 1,161 36,600 SH SOLE 36,600 HARRY WINSTON DIAMOND CORP COM STK COMMON STOCK - LONG 41587B100 2,450 75,000 SH SOLE 75,000 HEW CB 2.5 01OCT2010 CONVERTIBLE BONDS - 144A LONG 302284AA2 585 600,000 PRN SOLE 600,000 HOS VRN CB 15NOV2026 CONVERTIBLE BONDS - 144A LONG 440543AD8 2,846 2,500,000 PRN SOLE 2,500,000 INDEPENDENT BANK CORP MICHIGAN COM STK COMMON STOCK - LONG 453838104 209 22,000 SH SOLE 22,000 INFOCUS CORP COMMON STOCK - LONG 45665B106 535 294,038 SH SOLE 294,038 INTERACTIVE DATA CORP COM STK COMMON STOCK - LONG 45840J107 1,218 36,900 SH SOLE 36,900 INTERNATIONAL PAPER CO COM STK COMMON STOCK - LONG 460146103 654 20,200 SH SOLE 20,200 ISHRES FTSE CHNA COMMON STOCK - LONG 464287184 852 5,000 SH SOLE 5,000 JARDEN CORP COM STK COMMON STOCK - LONG 471109108 812 34,400 SH SOLE 34,400 KRAFT FOODS INC COMMON STOCK - LONG 50075N104 1,703 52,200 SH SOLE 52,200 LANCASTER COLONY CORP COM STK COMMON STOCK - LONG 513847103 1,588 40,000 SH SOLE 40,000 LANCE INC COM STK COMMON STOCK - LONG 514606102 2,553 125,000 SH SOLE 125,000 MB FINANCIAL INC COMMON STOCK - LONG 55264U108 832 27,000 SH SOLE 27,000 MBT FINANCIAL CORP COM STK COMMON STOCK - LONG 578877102 140 15,863 SH SOLE 15,863 MONOGRAM BIOSCIENCES INC COM STK COMMON STOCK - LONG 60975U108 85 60,000 SH SOLE 60,000 MONROE BANCORP COM STK COMMON STOCK - LONG 610313108 257 16,083 SH SOLE 16,083 MOTOROLA INC COM STK COMMON STOCK - LONG 620076109 802 50,000 SH SOLE 50,000 MTG 5.625 15SEP2011 CORPORATE BONDS 552845AG4 916 1,000,000 PRN SOLE 1,000,000 MUELLER WTR PRODS INC COM STK COMMON STOCK - LONG 624758207 349 35,000 SH SOLE 35,000 NABORS INDUSTRIES LTD COM STK COMMON STOCK - LONG G6359F103 252 9,200 SH SOLE 9,200 NATIONAL CITY CORP COM STK COMMON STOCK - LONG 635405103 509 30,933 SH SOLE 30,933 NEW YORK TIMES CO CL A COM STK COMMON STOCK - LONG 650111107 2,230 127,210 SH SOLE 127,210 NEWFIELD EXPL CO COM STK COMMON STOCK - LONG 651290108 1,059 20,100 SH SOLE 20,100 NEWMONT MINING CORP COM STK COMMON STOCK - LONG 651639106 1,846 37,800 SH SOLE 37,800 NOKIA CORP ADR AMERICAN DEPOSITORY RECEIPTS - 654902204 1,954 50,900 SH SOLE 50,900 OLD REP INTL CORP COM STK COMMON STOCK - LONG 680223104 3,558 230,900 SH SOLE 230,900 OLIN CORP COM STK COMMON STOCK - LONG 680665205 690 35,700 SH SOLE 35,700 PATTERSON-UTI ENERGY INC (EX P COM STK COMMON STOCK - LONG 703481101 390 20,000 SH SOLE 20,000 PENN TREATY AMERN CORP COM STK COMMON STOCK - LONG 707874400 110 16,900 SH SOLE 16,900 PENTAIR INC COM STK COMMON STOCK - LONG 709631105 696 20,000 SH SOLE 20,000 PLA CB 3 15MAR2025 CONVERTIBLE BONDS - LONG 728117AB8 1,778 2,000,000 PRN SOLE 2,000,000 PLAYBOY ENTERPRISES INC CL B COM STK COMMON STOCK - LONG 728117300 912 100,000 SH SOLE 100,000 PROGRESS ENERGY INC COM STK COMMON STOCK - LONG 743263AA3 111 337,000 SH SOLE 337,000 ISHARES INC MSCI BRAZIL FREE IND PUTS - LONG 99AF7YZW9 6 450 PUT SOLE 450 ISHARES INC MSCI BRAZIL FREE IND PUTS - LONG 99AF7Z079 54 500 PUT SOLE 500 CME GROUP INC CL A PUTS - LONG 99O9K75H8 1 50 PUT SOLE 50 COLONIAL BANCGROUP PUTS - LONG 99O9L1RD5 264 400 PUT SOLE 400 COLONIAL BANCGROUP PUTS - LONG 99O9PXTR8 203 300 PUT SOLE 300 COLONIAL BANCGROUP PUTS - LONG 99ADMFDN2 345 300 PUT SOLE 300 CME GROUP INC CL A PUTS - LONG 99O9K76T1 - 10 PUT SOLE 10 CROX INC. PUTS - LONG 99ADN3MK4 124 100 PUT SOLE 100 CROX INC. PUTS - LONG 99O9K79P6 11 1,400 PUT SOLE 1,400 CROX INC. PUTS - LONG 99O9K7B99 4 200 PUT SOLE 200 CME GROUP INC CL A PUTS - LONG 99O9K7L49 12 50 PUT SOLE 50 CME GROUP INC CL A PUTS - LONG 99ADN2GW7 121 50 PUT SOLE 50 FIRST MARBLEHEAD CORP PUTS - LONG 99O9L3L96 119 200 PUT SOLE 200 FIRST MARBLEHEAD CORP PUTS - LONG 99O9L3L88 453 462 PUT SOLE 462 FIRST MARBLEHEAD CORP PUTS - LONG 99ADMSY27 496 200 PUT SOLE 200 ISHARES TR FTSE INDX PUTS - LONG 99O9NK974 374 119 PUT SOLE 119 ISHARES TR FTSE INDX PUTS - LONG 99O9NC840 296 150 PUT SOLE 150 ISHARES DJ US BDIF PUTS - LONG 99O9HG0C8 82 200 PUT SOLE 200 INTERCNTNTL EXCHANGE PUTS - LONG 99O9QXN85 210 100 PUT SOLE 100 JARDEN CORP COM STK PUTS - LONG 99O9GHT36 2,140 1,007 PUT SOLE 1,007 CHINA LIFE INSURANCECO ADR PUTS - LONG 99O9H1KB1 1 200 PUT SOLE 200 CHINA LIFE INSURANCECO ADR PUTS - LONG 99O9H1KD7 6 200 PUT SOLE 200 CHINA LIFE INSURANCECO ADR PUTS - LONG 99O9MD0P0 78 200 PUT SOLE 200 CHINA LIFE INSURANCECO ADR PUTS - LONG 99O9MD0Q8 427 700 PUT SOLE 700 CHINA LIFE INSURANCECO ADR PUTS - LONG 99O9K37F9 142 300 PUT SOLE 300 CHINA LIFE INSURANCECO ADR PUTS - LONG 99O9N53C2 624 400 PUT SOLE 400 NATIONAL CITY CORP COM STK PUTS - LONG 99O9H2R71 498 265 PUT SOLE 265 NYSE EURONEXT PUTS - LONG 99O9KD502 17 100 PUT SOLE 100 CHINA LIFE INSURANCECO ADR PUTS - LONG 99O9GDGY1 208 200 PUT SOLE 200 POLARIS INDUSTRIES PUTS - LONG 99O9KTCZ2 47 200 PUT SOLE 200 POLARIS INDUSTRIES PUTS - LONG 99ADMQ085 251 300 PUT SOLE 300 PRIVATE BANCORP PUTS - LONG 99ADMD7Z7 166 400 PUT SOLE 400 RESEARCH IN MOTION INC PUTS - LONG 99O9KG8G7 2 450 PUT SOLE 450 CIA VALE DO RIO DOCE ADR PUTS - LONG 99O9KGBV0 12 1,000 PUT SOLE 1,000 RESEARCH IN MOTION INC PUTS - LONG 99O9N2LX3 167 310 PUT SOLE 310 GENERAL MOTORS CORP PUTS - LONG 3704425MC 76 500 PUT SOLE 500 JARDEN CORP COM STK PUTS - LONG 99O9GV8F1 233 200 PUT SOLE 200 MORGAN STANLEY INC. PUTS - LONG 99O9JZ9H4 37 200 PUT SOLE 200 MORGAN STANLEY INC. PUTS - LONG 99O9JZ9J0 41 100 PUT SOLE 100 AMAZON.COM PUTS - LONG 99O9H6YK5 4 500 PUT SOLE 500 AMAZON.COM PUTS - LONG 99O9MYNJ3 253 300 PUT SOLE 300 PUTNAM PREMIER INCOME TR COM STK MUTUAL FUNDS - LONG 746853100 73 11,850 SH SOLE 11,850 SANDISK CORP COM STK COMMON STOCK - LONG 80004C101 1,526 46,000 SH SOLE 46,000 SLM CORP EDNOTES BOOK ENTRY COM STK COMMON STOCK - LONG 78442P106 906 45,000 SH SOLE 45,000 SLMA 4 15JAN2009 CORPORATE BONDS 78442FBK3 2,890 3,000,000 PRN SOLE 3,000,000 SNDK CB 1 15MAY2013 CONVERTIBLE BONDS - LONG 80004CAC5 2,400 3,000,000 PRN SOLE 3,000,000 SOUTHWEST GAS CORP COM STK COMMON STOCK - LONG 844895102 2,337 78,490 SH SOLE 78,490 STREETTRACKS GOLD TRUST COMMON STOCK - LONG 863307104 2,919 35,400 SH SOLE 35,400 STRYKER CORP COM COMMON STOCK - LONG 863667101 1,524 20,400 SH SOLE 20,400 SUN MICROSYSTEMS INC COM STK COMMON STOCK - LONG 866810203 921 50,800 SH SOLE 50,800 SWISS HELVETIA FD INC COM STK MUTUAL FUNDS - LONG 870875101 393 23,790 SH SOLE 23,790 TAST 9 15JAN2013 CORPORATE BONDS 145749AC1 1,820 2,000,000 PRN SOLE 2,000,000 THE FIRST MARBLEHEAD CORP COM STK COMMON STOCK - LONG 320771108 591 38,600 SH SOLE 38,600 TIME WARNER INC COM STK COMMON STOCK - LONG 887317105 1,306 79,100 SH SOLE 79,100 TRI CONTL CORP COM STK MUTUAL FUNDS - LONG 895436103 2,372 113,510 SH SOLE 113,510 TRIMBLE NAVIGATION LTD COM STK COMMON STOCK - LONG 896239100 1,388 45,900 SH SOLE 45,900 TYSON FOODS INC CL A COM STK COMMON STOCK - LONG 902494103 613 40,000 SH SOLE 40,000 UNITED TECHNOLOGIES CORP COMMON STOCK - LONG 913017109 1,003 13,100 SH SOLE 13,100 VALERO ENERGY CORP COM STK COMMON STOCK - LONG 91913Y100 1,345 19,200 SH SOLE 19,200 WABCO HOLDINGS INC COMMON STOCK - LONG 92927K102 1,252 25,000 SH SOLE 25,000 ZIMMER HOLDINGS INC COM STK COMMON STOCK - LONG 98956P102 2,408 36,400 SH SOLE 36,400