13F-HR 1 form13fhr.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: 6/30/2011 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: Solus Alternative Asset Management LP Address: 410 Park Avenue, 11th Floor New York, NY 10022 Form 13F File Number: 028-12919 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Christopher A. Pucillo Title: President of the GP, Solus GP LLC Phone: 212-284-4300 Signature, Place, and Date of Signing: /s/ Christopher A. Pucillo New York, New York 8/15/2011 --------------------------------- --------------------------------- ---------- [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: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 28 Form 13F Information Table Value Total: $ 1,619,453 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 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
FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ------------------------------------- -------------- --------- -------- ------------------- ---------- -------- ---------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- ---------- --- ---- ---------- -------- ---- ------ ---- Advanced Micro Devices Inc COM 007903107 699 100,000 PUT SOLE NONE Sole 0 0 Altera Corp COM 021441100 4,635 100,000 PUT SOLE NONE Sole 0 0 Analog Devices Inc COM 032654105 3,914 100,000 PUT SOLE NONE Sole 0 0 Blueknight Energy Partners L Com Unit COM 09625U109 12,639 1,570,000 SH SOLE NONE Sole 0 0 Comstock Mng Inc Com COM 205750102 69 22,179 SH SOLE NONE Sole 0 0 Delta Air Lines Inc COM 247361702 9,581 1,044,812 SH SOLE NONE Sole 0 0 Digitalglobe Inc COM 25389M877 33,999 1,338,001 SH SOLE NONE Sole 0 0 DIREXION SHS ETF TR DLY SMCAP BEAR3X COM 25459W110 2,081 60,000 SH SOLE NONE Sole 0 0 Federal Mogul Corp Cl A COM 313549404 67,282 2,947,104 SH SOLE NONE Sole 0 0 Fibertower Corp COM 31567R209 12,162 10,135,201 SH SOLE NONE Sole 0 0 Horizon Lines Inc Note 4.250% 8/1 COM 44044KAB7 1,620 2,000 PRN SOLE NONE Sole 0 0 IntraLinks Inc. COM 46118H104 1,728 100,000 SH SOLE NONE Sole 0 0 Loral Space & Communications Ltd COM 543881106 107,213 1,543,300 SH SOLE NONE Sole 0 0 LyondellBasell Industries NV SHS - A COM N53745100 116,330 3,020,000 SH SOLE NONE Sole 0 0 LyondellBasell Industries NV SHS - A COM N53745100 19,260 500,000 CALL SOLE NONE Sole 0 0 Maxim Integrated Products Inc COM 57772K101 3,834 150,000 PUT SOLE NONE Sole 0 0 NRG Energy Inc COM 629377508 63,908 2,600,000 SH SOLE NONE Sole 0 0 NRG Energy Inc COM 629377508 24,580 1,000,000 CALL SOLE NONE Sole 0 0 Rock-Tenn Co CL A COM 772739207 4,786 72,143 SH SOLE NONE Sole 0 0 Spansion Inc COM 84649R200 9,635 500,000 SH SOLE NONE Sole 0 0 Sprint Nextel Corp COM 852061100 3,773 700,000 SH SOLE NONE Sole 0 0 SPDR Financial Select Sector Fund COM 81369Y605 19,188 1,250,000 PUT SOLE NONE Sole 0 0 SPDR S&P Retail ETF COM 78464A714 26,690 500,000 PUT SOLE NONE Sole 0 0 SPDR Trust Series 1 COM 78462F103 527,880 4,000,000 CALL SOLE NONE Sole 0 0 SPDR Trust Series 1 COM 78462F103 422,304 3,200,000 PUT SOLE NONE Sole 0 0 Venoco Inc COM 92275P307 1,426 111,906 SH SOLE NONE Sole 0 0 Viasystems Group Inc COM 92553H803 1,097 48,793 SH SOLE NONE Sole 0 0 Visteon Corp COM 92839U206 117,141 1,712,335 SH SOLE NONE Sole 0 0