13F-HR 1 cumberlandassociates0909.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: September 30, 2009 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: Cumberland Associates Address: 1114 Avenue Of the Americas New York, NY 10036 13 File Number: 28-1010 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 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: Gary Tynes Title: CFO Phone: Signature, Place and Date of Signing: Gary Tynes October 21, 2009 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 62 Form 13F Information Table Value Total: 458286 List of Other Included Managers: No. 13F File Number Name 01 28-1010 CUMBERLAND ASSOCIATES2 02 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 DISCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- -------- D ACTIVISION BLIZZARD INC COM ST COMMON STOCK 00507V109 1239 100000 SH SOLE 0102 93471 6529 0 D AMD SER B SR UNS GLOBAL CONV 6 CONVRT BONDS 007903AL1 13635 18000000 SH SOLE 0102 16825000 1175000 0 D AMERICAN EAGLE OUTFI TTERS INC COMMON STOCK 02553E106 1686 100000 SH SOLE 0102 93519 6481 0 D AMKOR TECHNOLOGY INC COM STK COMMON STOCK 031652100 7568 1100000 SH SOLE 0102 1028701 71299 0 D ARKANSAS BEST CORP DELAWARE CO COMMON STOCK 040790107 898 30000 SH SOLE 0102 28047 1953 0 D ARKANSAS BEST CORP DELAWARE CO OPTIONS - CALLS 99OC3LJN1 6976 233000 SH CALL SOLE 0102 217900 15100 0 D BARE ESCENTUALS INC COMMON STOCK 067511105 773 65000 SH SOLE 0102 60790 4210 0 D BED BATH BEYOND INC COM STK COMMON STOCK 075896100 939 25000 SH SOLE 0102 23380 1620 0 D BRINKER INTL INC COM STK COMMON STOCK 109641100 2360 150000 SH SOLE 0102 140284 9716 0 D BROCADE COMMUNICATIO NS SYSTEM COMMON STOCK 111621306 13467 1713410 SH SOLE 0102 1602260 111150 0 D CAL DIVE INTERNATION AL INC COMMON STOCK 12802T101 3313 335000 SH SOLE 0102 313297 21703 0 D CARDIONET INC COMMON STOCK 14159L103 12141 1806700 SH SOLE 0102 1689668 117032 0 D CHEESECAKE FACTORY I NC COM ST COMMON STOCK 163072101 185 10000 SH SOLE 0102 9382 618 0 D CHESAPEAKE ENERGY CO RP COM ST COMMON STOCK 165167107 4885 172000 SH SOLE 0102 160861 11139 0 D CHORDIANT SFTWR COM STK COMMON STOCK 170404305 7317 1880946 SH SOLE 0102 1802264 78682 0 D COSTCO WHSL CORP NEW COM STK COMMON STOCK 22160K105 8457 150000 SH SOLE 0102 140285 9715 0 D COSTCO WHSL CORP NEW COM STK OPTIONS - CALLS 99OC6ZLT1 5638 100000 SH CALL SOLE 0102 93600 6400 0 D CSX CORP COM COMMON STOCK 126408103 1046 25000 SH SOLE 0102 23380 1620 0 D DRESS BARN INC COM STK COMMON STOCK 261570105 897 50000 SH SOLE 0102 46763 3237 0 D DYNEGY INC DEL CL A COM STK COMMON STOCK 26817G102 8925 3500000 SH SOLE 0102 3273302 226698 0 D E TRADE FINL CORP COM STK COMMON STOCK 269246104 5600 3200000 SH SOLE 0102 2992690 207310 0 D E*TRADE FINL Exch - A SR UNS C CONVRT BONDS 269246AZ7 11847 7000000 SH SOLE 0102 6565000 435000 0 D EVERGREEN SOLAR SR UNS CONV 4% CONVRT BONDS 30033RAC2 14700 35000000 SH SOLE 0102 32711000 2289000 0 D EXTERRAN HOLDINGS IN C COMMON STOCK 30225X103 7122 300000 SH SOLE 0102 280569 19431 0 D FBR CAPITAL MARKETS CORP COM S COMMON STOCK 30247C301 6582 1110000 SH SOLE 0102 1038090 71910 0 D FEDERAL MOGUL CORP COM STK COMMON STOCK 313549404 604 50000 SH SOLE 0102 46744 3256 0 D FLEXTRONICS INTERNAT IONAL LTD COMMON STOCK Y2573F102 7032 941432 SH SOLE 0102 880454 60978 0 D GAMESTOP CORP NEW CL A COM STK COMMON STOCK 36467W109 10588 400000 SH SOLE 0102 374094 25906 0 D GREIF INC CL A COM STK COMMON STOCK 397624107 1084 19700 SH SOLE 0102 18423 1277 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 10833 2111624 SH SOLE 0102 1974824 136800 0 D HOME DEPOT INC COM STK COMMON STOCK 437076102 12654 475000 SH SOLE 0102 444237 30763 0 D HUTCHINSON TECH SUB DEB CONV 3 CONVRT BONDS 448407AF3 12300 16400000 SH SOLE 0102 15320000 1080000 0 D IPATH S&P 500 VIX SH ORT-TERM US ETF'S - US TR 06740C527 1675 33500 SH SOLE 0102 31298 2202 0 D ISIS PHARMACEUTICALS CALIF CO COMMON STOCK 464330109 2477 170000 SH SOLE 0102 158990 11010 0 D KOPPERS HLDGS INC COM STK COMMON STOCK 50060P106 2903 97900 SH SOLE 0102 91558 6342 0 D LANDSTAR SYSTEMS INC COM STK COMMON STOCK 515098101 6075 159612 SH SOLE 0102 149226 10386 0 D LBRTY MD SR A COMMON STOCK 53071M500 55530 1784961 SH SOLE 0102 1669319 115642 0 D LIBERTY MEDIA CORP CAP SER A COMMON STOCK 53071M302 19584 936124 SH SOLE 0102 875605 60519 0 D MAIDEN HLDGS LTD COMMON STOCK G5753U112 13668 1880000 SH SOLE 0102 1739594 140406 0 D MATTEL INC COM STK COMMON STOCK 577081102 1292 70000 SH SOLE 0102 65464 4536 0 D MICROSOFT CORP COM STK COMMON STOCK 594918104 23148 900000 SH SOLE 0102 841682 58318 0 D NET 1 UEPS TECHNOLOG IES INC C COMMON STOCK 64107N206 10055 479747 SH SOLE 0102 450256 29491 0 D NETAPP INC C COM STK COMMON STOCK 64110D104 9338 350000 SH SOLE 0102 327331 22669 0 D NORDSTROM INC COM COMMON STOCK 655664100 764 25000 SH SOLE 0102 23381 1619 0 D OCCIDENTAL PETE CORP COMMON STOCK 674599105 11211 143000 SH SOLE 0102 133736 9264 0 D ON SEMICONDUCTOR COR P / SEMI COMMON STOCK 682189105 4538 550000 SH SOLE 0102 514361 35639 0 D ORACLE CORP COM STK COMMON STOCK 68389X105 2084 100000 SH SOLE 0102 93524 6476 0 D PENNYMAC MORTGAGE IN VESTMENT REITS/RICS 70931T103 11946 600000 SH SOLE 0102 561139 38861 0 D PLAINS EXPLORATION & PRODUCTI COMMON STOCK 726505100 12585 455000 SH SOLE 0102 425523 29477 0 D RELIANCE STEEL & ALUMINUM CO COMMON STOCK 759509102 7661 180000 SH SOLE 0102 168341 11659 0 D S & P DEPOSITORY RECEIPTS TR U OPTIONS - PUTS 99OC47373 15839 150000 SH PUT SOLE 0102 140300 9700 0 D SANDRIDGE ENERGY INC COM STK COMMON STOCK 80007P307 519 40059 SH SOLE 0102 37464 2595 0 D SINCLAIR BROAD SR UNS CONV 3% CONVRT BONDS 829226AW9 5635 6175000 SH SOLE 0102 5771000 404000 0 D SONIC AUTOMOTIVE INC CL A COM COMMON STOCK 83545G102 1575 150000 SH SOLE 0102 140284 9716 0 D TAKE-TWO INTERACTIVE SOFTWARE COMMON STOCK 874054109 6689 596700 SH SOLE 0102 558052 38648 0 D TARGET CORP COM STK COMMON STOCK 87612E106 4668 100000 SH SOLE 0102 93524 6476 0 D UNDER ARMOUR INC CL A COM STK COMMON STOCK 904311107 696 25000 SH SOLE 0102 23381 1619 0 D UNITED WESTERN BANCORP COM ST COMMON STOCK 913201109 2025 510000 SH SOLE 0102 476960 33040 0 D VIACOM INC CL B COM STK COMMON STOCK 92553P201 11917 425000 SH SOLE 0102 397473 27527 0 D WESTERN REFINING INC EL PASO COMMON STOCK 959319104 6450 1000000 SH SOLE 0102 935221 64779 0 D XILINX INC COM STK OPTIONS - PUTS 99OC6M6H3 1335 57000 SH PUT SOLE 0102 53400 3600 0 D YRC WORLDWIDE INC COM COMMON STOCK 984249102 1113 250000 SH SOLE 0102 233575 16425 0 S REPORT SUMMARY 62 DATA RECORDS 458286 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED