13F-HR 1 g17642e13fvhr.txt 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: 12-31-08 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: 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 2-12-09 -------------------------- ------------------- ---------- [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.] 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: 111,355 (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.] FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALTRIA GROUP INC COM 02209S103 523 34739 SH Sole 34739 ANADARKO PETE CORP COM STK COM 032511107 1542 40000 SH Sole 40000 ANNALY CAPITAL MANAGEMENT INC COM 035710409 1224 77100 SH Sole 77100 ARCHER-DANIELS MIDLAND CO COM COM 039483102 1816 63000 SH Sole 63000 CAPE BANCORP INC COM COM 139209100 124 13398 SH Sole 13398 CHUBB CORP COM STK COM 171232101 1275 25000 SH PUT Sole 25000 CLEARWATER PAPER COM 18538R103 120 14285 SH Sole 14285 CONSECO INC COM STK COM 208464883 1870 361000 SH Sole 361000 COPYTELE INC COM COM 217721109 9 20000 SH Sole 20000 DEERE & CO COM COM 244199105 1354 35346 SH Sole 35346 DOW CHEMICAL CORP COM STK COM 260543103 1509 100000 SH Sole 100000 905 60000 SH CALL Sole 60000 453 30000 SH CALL Sole 30000 302 20000 SH CALL Sole 20000 EMERSON ELECTRIC CO COM STK COM 291011104 1684 46000 SH Sole 46000 FLORIDA PUB UTILS CO COM STK COM 341135101 285 27051 SH Sole 27051 FLOW INTERNATIONAL CORP (FORME COM 343468104 164 67761 SH Sole 67761 FTI CONSULTING INC COM STK COM 302941109 1787 40000 SH PUT Sole 40000 1564 35000 SH PUT Sole 35000 670 15000 SH PUT Sole 15000 1340 30000 SH PUT Sole 30000 670 15000 SH PUT Sole 15000 GAP INC COM STK COM 364760108 407 30400 SH Sole 30400 GENERAL ELECTRIC CO COM STK COM 369604103 339 20950 SH Sole 20950 363 22400 SH CALL Sole 22400 GENESEE & WYO INC CL A COM S COM 371559105 1540 50500 SH PUT Sole 50500 GULF IS FABRICATION INC COM ST COM 402307102 836 58000 SH Sole 58000 HMN FINANCIAL INC COM STK COM 40424G108 183 43808 SH Sole 43808 HORNBECK OFFSHORE SERVICES I COM 440543106 250 15284 SH Sole 15284 INDIANA CMNTY BANCORP COM STK COM 454674102 312 26000 SH Sole 26000 INFOCUS CORP COM 45665B106 298 377938 SH Sole 377938 INTERACTIVE DATA CORP COM STK COM 45840J107 1403 56900 SH Sole 56900 JARDEN CORP COM STK COM 471109108 46 4000 SH Sole 4000 920 80000 SH PUT Sole 80000 454 39500 SH PUT Sole 39500 230 20000 SH PUT Sole 20000 345 30000 SH PUT Sole 30000 JO-ANN STORES INC COM STK COM 47758P307 775 50000 SH PUT Sole 50000 LANCASTER COLONY CORP COM STK COM 513847103 2401 70000 SH Sole 70000 LANCE INC COM STK COM 514606102 3556 155000 SH Sole 155000 MB FINANCIAL INC COM 55264U108 755 27000 SH Sole 27000 MONROE BANCORP COM STK COM 610313108 1046 130549 SH Sole 130549 NEW YORK TIMES CO CL A COM S COM 650111107 932 127210 SH Sole 127210 NEWMONT MINING CORP COM STK COM 651639106 1538 37800 SH Sole 37800 OLD REP INTL CORP COM STK COM 680223104 6234 523000 SH Sole 523000 PATTERSON-UTI ENERGY INC (EX P COM 703481101 2475 215000 SH Sole 215000 345 30000 SH CALL Sole 30000 PEABODY ENERGY CORP COM STK COM 704549104 455 20000 SH Sole 20000 PENN TREATY AMERN CORP COM STK COM 707874400 2 21900 SH Sole 21900 PHILIP MORRIS INTL COM 718172109 965 22185 SH Sole 22185 PMI GROUP INC COM STK COM 69344M101 108 55174 SH Sole 55174 POTLATCH HOLDINGS INC COM COM 737630103 1301 50000 SH Sole 50000 PRIVATEBANCORP INC COM STK COM 742962103 812 25000 SH PUT Sole 25000 649 20000 SH PUT Sole 20000 325 10000 SH PUT Sole 10000 325 10000 SH PUT Sole 10000 RAYMOND JAMES FINL INC COM STK COM 754730109 343 20000 SH PUT Sole 20000 SPDR GOLD TRUST COM 78463V107 4728 54642 SH Sole 54642 STRYKER CORP COM COM 863667101 1214 30400 SH Sole 30400 TIME WARNER INC COM STK COM 887317105 1408 140000 SH Sole 140000 TRIMBLE NAVIGATION LTD COM STK COM 896239100 558 25800 SH Sole 25800 UNITED STATES OIL FUND COM 91232N108 497 15000 SH CALL Sole 15000 UNITED TECHNOLOGIES CORP COM 913017109 740 13806 SH Sole 13806 VALERO ENERGY CORP COM STK COM 91913Y100 1893 87467 SH Sole 87467 649 30000 SH CALL Sole 30000 WEYERHAEUSER CO COM STK COM 962166104 1377 45000 SH Sole 45000 ZIMMER HOLDINGS INC COM STK COM 98956P102 2093 51783 SH Sole 51783 CITIGROUP CAPITAL TRUST IX 6 PFD 173066200 711 48930 SH Sole 48930 CITIGROUP VIII 6.95% PFD PFD 17306R204 1309 76900 SH Sole 76900 FEDERAL NATIONAL MORTGAGE A PFD 313586737 89 117000 SH Sole 117000 GENERAL MOTORS CORP SR A 4.5% PFD 370442741 1011 283250 SH Sole 283250 FANNIE MAE CONV PFD 313586745 97 92800 SH Sole 92800 CHINA LIFE INSURANCECO ADR ADR 16939P106 928 20000 SH PUT Sole 20000 CIA VALE DO RIO DOCE ADR ADR 204412209 363 30000 SH Sole 30000 NOKIA CORP ADR ADR 654902204 482 30900 SH Sole 30900 PUT - JAH 100 @ 30 EXP 01/17/ PUT 99OB1RRF0 1295 700 SH Sole 700 ABERDEEN ASIA-PACIFIC INCOME F 003009107 872 202778 SH Sole 202778 GABELLI DIVID & INCOME TR COM 36242H104 362 35100 SH Sole 35100 ISHARES BARCLAYS 20+YEAR TREA 464287432 1194 10000 SH PUT Sole 10000 PRS ULT LEH20+YR 74347R297 1547 41000 SH Sole 41000 TRI CONTL CORP COM STK 895436103 378 38300 SH Sole 38300 ANR CB 2.375 15APR2015 CONV 02076XAA0 2570 4000000 PRN Sole 4000000 CNO VRN CB 30SEP2035 CONV 208464BH9 6591 15881000 PRN Sole 15881000 CYMI CB 3.5 15FEB2009 CONV 232572AE7 3694 3741000 PRN Sole 3741000 ENER CB 3 15JUN2013 CONV 292659AA7 1801 3694000 PRN Sole 3694000 GDP CB 3.25 01DEC2026 CONV 382410AB4 2651 3500000 PRN Sole 3500000 HOS VRN CB 15NOV2026 144A CONV 440543AD8 1374 2500000 PRN Sole 2500000 KCN CB 1.75 15MAR2028 144A CONV 496902AB3 2633 3000000 PRN Sole 3000000 MEE CB 3.25 01AUG2015 CONV 576203AJ2 6710 13030000 PRN Sole 13030000 NTAP CB 1.75 01JUN2013 144A CONV 64110DAA2 2258 3000000 PRN Sole 3000000 SNDK CB 1 15MAY2013 CONV 80004CAC5 823 2000000 PRN Sole 2000000