-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SqF3h74V1MwRtKQNjrD8EmFjIEzJEWjuY02dxZTliqRx0Ho/KKIwc7nj6d6kanV1 f2rYWngD8ECg/gT5cIsqOA== 0001047469-05-026936.txt : 20051114 0001047469-05-026936.hdr.sgml : 20051111 20051114155617 ACCESSION NUMBER: 0001047469-05-026936 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050930 FILED AS OF DATE: 20051114 DATE AS OF CHANGE: 20051114 EFFECTIVENESS DATE: 20051114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KNOTT DAVID M CENTRAL INDEX KEY: 0000808722 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03121 FILM NUMBER: 051201414 MAIL ADDRESS: STREET 1: 485 UNDERHILL BLVD STREET 2: STE 205 CITY: SYOSSET STATE: NY ZIP: 11791-3419 13F-HR 1 a2165109z13f-hr.txt FORM 13-F COVER ---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0006 Expires: October 31, 2000 Estimated average burden hours per response....24.7 ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2005 ------------------ 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: David M. Knott --------------------------------------------------------------- Address: 485 Underhill Boulevard --------------------------------------------------------------- Suite 205 --------------------------------------------------------------- Syosset, NY 11791 --------------------------------------------------------------- Form 13F File Number: 28-03121 ------------------------------------------------------- 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: Reporting Manager: Name: David M. Knott ----------------------------------------------------------------------- Title: Investment Manager ----------------------------------------------------------------------- Phone: (516) 364-0303 ----------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ David M. Knott - -------------------------------------------------------------------------------- [Signature] Syosset, New york - -------------------------------------------------------------------------------- [City, State] November 14, 2005 - -------------------------------------------------------------------------------- [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).) FORM 13F SUMMARY PAGE REPORT SUMMARY: Number of Other Included Managers: 1 ------------------------------------------------------------------------- Form 13F Information Table Entry Total: 425 ------------------------------------------------------------------------- Form 13F Information Table Value Total: $2,371,083 ------------------------ (thousands) List of Other Included Managers: Dorset Management Corporation ("Dorset") Page 2 of 15 FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- 1 800 Contacts Inc. Common 681977104 7,425,937 396,050 SH DEFINED Dorset 396,050 1 800 Contacts Inc. Common 681977104 497,437 26,530 SH DEFINED Dorset 26,530 1 800 Contacts Inc. Common 681977104 129,375 6,900 SH DEFINED Dorset 6,900 Abatix Corp. Common 002564102 124,047 9,900 SH DEFINED Dorset 9,900 Abatix Corp. Common 002564102 7,518 600 SH DEFINED Dorset 600 Abatix Corp. Common 002564102 1,253 100 SH DEFINED Dorset 100 Acacia Research Corp. Common 003881307 7,353,424 1,197,626 SH DEFINED Dorset 1,197,626 Acacia Research Corp. Common 003881307 445,764 72,600 SH DEFINED Dorset 72,600 Acacia Research Corp. Common 003881307 101,924 16,600 SH DEFINED Dorset 16,600 Aldabra Acquisition Corp. Common 01407F103 1,465,969 280,300 SH DEFINED Dorset 280,300 Aldabra Acquisition Corp. Common 01407F103 88,910 17,000 SH DEFINED Dorset 17,000 Aldabra Acquisition Corp. Common 01407F103 20,397 3,900 SH DEFINED Dorset 3,900 Aldabra Acquisition Corp. Common 01407F111 159,771 280,300 SH Call DEFINED Dorset 280,300 Aldabra Acquisition Corp. Common 01407F111 9,690 17,000 SH Call DEFINED Dorset 17,000 Aldabra Acquisition Corp. Common 01407F111 2,223 3,900 SH Call DEFINED Dorset 3,900 Ambac Financial Group Inc. Common 023139108 108,090 1,500 SH SOLE 1,500 Ambac Financial Group Inc. Common 023139108 12,523,596 173,794 SH DEFINED Dorset 173,794 Ambac Financial Group Inc. Common 023139108 43,236 600 SH OTHER 600 Ambac Financial Group Inc. Common 023139108 763,836 10,600 SH DEFINED Dorset 10,600 Ambac Financial Group Inc. Common 023139108 172,944 2,400 SH DEFINED Dorset 2,400 American Express Co. @ 50 exp. 1/07 Common 025816909 3,786,120 3,236 SH Call DEFINED Dorset 3,236 American Express Co. @ 50 exp. 1/07 Common 025816909 231,660 198 SH Call DEFINED Dorset 198 American Express Co. @ 50 exp.1/07 Common 025816909 699,000 600 SH Call OTHER Dorset 600 American Express Co. @ 50 exp. 1/07 Common 025816909 59,670 51 SH Call DEFINED Dorset 51 American Express Co. @ 55 exp. 1/07 Common 025816909 4,591,890 5,669 SH Call DEFINED Dorset 5,669 American Express Co. @ 55 exp. 1/07 Common 025816909 276,210 341 SH Call DEFINED Dorset 341 American Express Co. @ 55 exp. 1/07 Common 025816909 332,000 400 SH Call OTHER Dorset 400
Page 3 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- American Express Co. @ 55 exp. 1/07 Common 025816909 72,900 90 SH Call DEFINED Dorset 90 American Int'l Group Inc. Common 026874107 107,339,132 1,732,394 SH DEFINED Dorset 1,732,394 American Int'l Group Inc. Common 026874107 6,536,780 105,500 SH DEFINED Dorset 105,500 American Int'l Group Inc. Common 026874107 1,474,648 23,800 SH DEFINED Dorset 23,800 American International Group Common 026874107 601,012 9,700 SH SOLE 9,700 American International Group Common 026874107 161,096 2,600 SH OTHER 2,600 American Service Group, Inc. Common 02364L109 3,488,877 210,300 SH DEFINED Dorset 210,300 American Service Group, Inc. Common 02364L109 210,693 12,700 SH DEFINED Dorset 12,700 American Service Group, Inc. Common 02364L109 48,111 2,900 SH DEFINED Dorset 2,900 Anadarko Petroleum Corp. Common 032511107 21,237,350 221,800 SH DEFINED Dorset 221,800 Anadarko Petroleum Corp. Common 032511107 41,976,800 438,400 SH DEFINED Dorset 438,400 Anadarko Petroleum Corp. Common 032511107 296,825 3,100 SH DEFINED Dorset 3,100 Ann Taylor Stores Corp. Common 036115103 2,437,821 91,820 SH DEFINED Dorset 91,820 Ann Taylor Stores Corp. Common 036115103 148,680 5,600 SH DEFINED Dorset 5,600 Ann Taylor Stores Corp. Common 036115103 615,429 23,180 SH OTHER Dorset 23,180 Ann Taylor Stores Corp. Common 036115103 34,515 1,300 SH DEFINED Dorset 1,300 Ardent Acquisition Corp. Common 03979E100 631,380 123,800 SH DEFINED Dorset 123,800 Ardent Acquisition Corp. Common 03979E100 38,250 7,500 SH DEFINED Dorset 7,500 Ardent Acquisition Corp. Common 03979E100 341,700 67,000 SH OTHER Dorset 67,000 Ardent Acquisition Corp. Common 03979E100 8,670 1,700 SH DEFINED Dorset 1,700 Aristotle Corp. Common 040448201 25,350 3,380 SH DEFINED Dorset 3,380 Arpeggio Acquisition Corp. Common 042689109 372,750 71,000 SH OTHER Dorset 71,000 Arrowhead Research Corp. Common 042797100 7,175,133 2,399,710 SH DEFINED Dorset 2,399,710 Arrowhead Research Corp. Common 042797100 432,055 144,500 SH DEFINED Dorset 144,500 Arrowhead Research Corp. Common 042797100 98,072 32,800 SH DEFINED Dorset 32,800 Baker Hughes Inc. Common 057224107 47,266,560 792,000 SH DEFINED Dorset 792,000 Bayview Capital Corp. Common 07262L101 1,320,278 86,180 SH DEFINED Dorset 86,180 Bayview Capital Corp. Common 07262L101 80,890 5,280 SH DEFINED Dorset 5,280 Bayview Capital Corp. Common 07262L101 18,997 1,240 SH DEFINED Dorset 1,240 Beazer Home's USA Inc. Common 07556Q105 128,964,522 2,198,134 SH DEFINED Dorset 2,198,134 Beazer Home's USA Inc. Common 07556Q105 7,739,160 131,910 SH DEFINED Dorset 131,910
Page 4 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- Beazer Home's USA Inc. Common 07556Q105 1,704,950 29,060 SH DEFINED Dorset 29,060 Beazer Homes USA Common 07556Q105 519,231 8,850 SH SOLE 8,850 Beazer Homes USA Common 07556Q105 184,811 3,150 SH OTHER 3,150 Benihana Inc. Common 082047101 390,966 22,076 SH DEFINED Dorset 22,076 Benihana Inc. Common 082047101 14,168 800 SH DEFINED Dorset 800 Benihana Inc. Class A Class A 082047200 3,290,953 183,340 SH DEFINED Dorset 183,340 Benihana Inc. Class A Class A 082047200 50,619 2,820 SH OTHER Dorset 2,820 Benihana Inc. Class A Class A 082047200 208,220 11,600 SH DEFINED Dorset 11,600 Benihana Inc. Class A Class A 082047200 50,260 2,800 SH DEFINED Dorset 2,800 Bioveris Corp. Common 090676107 3,187,032 547,600 SH DEFINED Dorset 547,600 Bioveris Corp. Common 090676107 194,388 33,400 SH DEFINED Dorset 33,400 Bioveris Corp. Common 090676107 44,232 7,600 SH DEFINED Dorset 7,600 BJ Services Common 055482103 41,388,500 1,150,000 SH DEFINED Dorset 1,150,000 Burlington Resources Common 122014103 39,033,600 480,000 SH DEFINED Dorset 480,000 Butler International Inc. Common 123649105 3,716,790 965,400 SH DEFINED Dorset 965,400 Butler International Inc. Common 123649105 303,765 78,900 SH DEFINED Dorset 78,900 Butler International Inc. Common 123649105 28,875 7,500 SH DEFINED Dorset 7,500 Cabot Oil & Gas Common 127097103 21,461,699 424,900 SH DEFINED Dorset 424,900 Callidus Software Common 13123E500 7,716,594 2,085,566 SH DEFINED Dorset 2,085,566 Callidus Software Common 13123E500 469,523 126,898 SH DEFINED Dorset 126,898 Callidus Software Common 13123E500 105,820 28,600 SH DEFINED Dorset 28,600 Canadian Natural Resources Ltd. Common 136385101 650,736 14,400 SH SOLE 14,400 Canadian Natural Resources Ltd. Common 136385101 211,734,037 4,690,400 SH DEFINED Dorset 4,690,400 Canadian Natural Resources Ltd. Common 136385101 234,988 5,200 SH OTHER 5,200 Canadian Natural Resources Ltd. Common 136385101 51,025,808 1,130,340 SH DEFINED Dorset 1,130,340 Canadian Natural Resources Ltd. Common 136385101 2,816,861 62,400 SH DEFINED Dorset 62,400 Career Education Corp. @35 Oct. 05 Common 141665959 41,420 436 SH Put DEFINED Dorset 436 Career Education Corp. @35 Oct. 05 Common 141665959 2,660 28 SH Put DEFINED Dorset 28 Career Education Corp. @35 Oct. 05 Common 141665959 570 6 SH Put DEFINED Dorset 6 Caremark RX Inc. Common 141705131 23,219,447 465,040 SH DEFINED Dorset 465,040 Caremark RX Inc. Common 141705131 1,442,977 28,900 SH DEFINED Dorset 28,900
Page 5 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- Caremark RX Inc. Common 141705131 319,552 6,400 SH DEFINED Dorset 6,400 Carrier Access Corp. Common 144460102 811,992 147,100 SH DEFINED Dorset 147,100 Carrier Access Corp. Common 144460102 49,128 8,900 SH DEFINED Dorset 8,900 Carrier Access Corp. Common 144460102 11,040 2,000 SH DEFINED Dorset 2,000 CEA Acquisition Corp. Common 12513Q107 69,550 13,000 SH OTHER Dorset 13,000 Centex Corporation Common 152312104 568,304 8,800 SH SOLE 8,800 Centex Corporation Common 152312104 132,819,103 2,056,660 SH DEFINED Dorset 2,056,660 Centex Corporation Common 152312104 193,740 3,000 SH OTHER 3,000 Centex Corporation Common 152312104 8,117,706 125,700 SH DEFINED Dorset 125,700 Centex Corporation Common 152312104 1,821,156 28,200 SH DEFINED Dorset 28,200 Chardan North China Common 15956A109 936,520 180,100 SH DEFINED Dorset 180,100 Chardan North China Common 15956A109 57,200 11,000 SH DEFINED Dorset 11,000 Chardan North China Common 15956A109 243,270 45,900 SH OTHER Dorset 45,900 Chardan North China Common 15956A109 13,000 2,500 SH DEFINED Dorset 2,500 Chardan North China Common 15956A117 196,420 170,800 SH Call DEFINED Dorset 170,800 Chardan North China Common 15956A117 11,960 10,400 SH Call DEFINED Dorset 10,400 Chardan North China Common 15956A117 2,760 2,400 SH Call DEFINED Dorset 2,400 Chardan North China Units Common 15956A208 169,830 22,950 SH OTHER Dorset 22,950 Chardan South China Common 15956C105 879,620 170,800 SH DEFINED Dorset 170,800 Chardan South China Common 15956C105 53,560 10,400 SH DEFINED Dorset 10,400 Chardan South China Common 15956C105 239,828 45,900 SH OTHER Dorset 45,900 Chardan South China Common 15956C105 12,360 2,400 SH DEFINED Dorset 2,400 Chardan South China Common 15956C113 162,260 170,800 SH Call DEFINED Dorset 170,800 Chardan South China Common 15956C113 9,880 10,400 SH Call DEFINED Dorset 10,400 Chardan South China Common 15956C113 2,280 2,400 SH Call DEFINED Dorset 2,400 Chardan South China Units Common 15956C204 167,535 22,950 SH OTHER Dorset 22,950 Chevron Texaco Corp. Common 166764100 61,493,500 950,000 SH DEFINED Dorset 950,000 China Unistone Acquisition Common 16945P116 1,474,720 283,600 SH DEFINED Dorset 283,600 China Unistone Acquisition Common 16945P116 91,000 17,500 SH DEFINED Dorset 17,500 China Unistone Acquisition Common 16945P116 390,000 75,000 SH OTHER Dorset 75,000 China Unistone Acquisition Common 16945P116 20,280 3,900 SH DEFINED Dorset 3,900
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- Citigroup Inc. Common 172967101 946,816 20,800 SH SOLE 20,800 Citigroup Inc. Common 172967101 81,220,426 1,784,280 SH DEFINED Dorset 1,784,280 Citigroup Inc. Common 172967101 232,152 5,100 SH OTHER 5,100 Citigroup Inc. Common 172967101 5,303,080 116,500 SH DEFINED Dorset 116,500 Citigroup Inc. Common 172967101 1,524,920 33,500 SH DEFINED Dorset 33,500 Click Software Technologies Inc. Common M25082104 1,002,070 614,767 SH DEFINED Dorset 614,767 Click Software Technologies Inc. Common M25082104 60,636 37,200 SH DEFINED Dorset 37,200 Click Software Technologies Inc. Common M25082104 13,855 8,500 SH DEFINED Dorset 8,500 Coastal Bancshares Common 19041F107 461,280 93,000 SH DEFINED Dorset 93,000 Coastal Bancshares Common 19041F107 28,272 5,700 SH DEFINED Dorset 5,700 Coastal Bancshares Common 19041F107 248,000 50,000 SH OTHER Dorset 50,000 Coastal Bancshares Common 19041F107 6,448 1,300 SH DEFINED Dorset 1,300 Collectors Universe Inc. Common 19421R200 2,887,980 227,400 SH DEFINED Dorset 227,400 Collectors Universe Inc. Common 19421R200 171,450 13,500 SH DEFINED Dorset 13,500 Collectors Universe Inc. Common 19421R200 40,640 3,200 SH DEFINED Dorset 3,200 Columbia Labs Inc. Common 197779101 7,763,652 2,064,801 SH DEFINED Dorset 2,064,801 Columbia Labs Inc. Common 197779101 2,256 600 SH OTHER 600 Columbia Labs Inc. Common 197779101 616,264 163,900 SH DEFINED Dorset 163,900 Concorde Career Colleges Inc. Common 20651H201 1,772,004 115,440 SH DEFINED Dorset 115,440 Concorde Career Colleges Inc. Common 20651H201 79,206 5,160 SH OTHER Dorset 5,160 Concorde Career Colleges Inc. Common 20651H201 107,450 7,000 SH DEFINED Dorset 7,000 Concorde Career Colleges Inc. Common 20651H201 24,560 1,600 SH DEFINED Dorset 1,600 Connetics Corporation Common 208192104 14,811,198 875,884 SH DEFINED Dorset 875,884 Connetics Corporation Common 208192104 897,921 53,100 SH DEFINED Dorset 53,100 Connetics Corporation Common 208192104 204,611 12,100 SH DEFINED Dorset 12,100 Courtside Acquisition Common 22274N102 1,913,622 372,300 SH DEFINED Dorset 372,300 Courtside Acquisition Common 22274N102 116,164 22,600 SH DEFINED Dorset 22,600 Courtside Acquisition Common 22274N102 26,214 5,100 SH DEFINED Dorset 5,100 Crucell NV Common 228769105 26,731,339 997,066 SH DEFINED Dorset 997,066 Crucell NV Common 228769105 1,613,962 60,200 SH DEFINED Dorset 60,200 Crucell NV Common 228769105 367,297 13,700 SH DEFINED Dorset 13,700
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- D.R. Horton Inc. Common 23331A109 211,940,316 5,851,472 SH DEFINED Dorset 5,851,472 D.R. Horton Inc. Common 23331A109 12,948,647 357,500 SH DEFINED Dorset 357,500 D.R. Horton Inc. Common 23331A109 2,908,465 80,300 SH DEFINED Dorset 80,300 D.R. Horton Inc. Common 23331A109 1,173,528 32,400 SH SOLE 32,400 D.R. Horton Inc. Common 23331A109 543,300 15,000 SH OTHER 15,000 Danka Business Systems Common 236277109 7,356,851 2,755,375 SH DEFINED Dorset 2,755,375 Danka Business Systems Common 236277109 444,421 166,450 SH DEFINED Dorset 166,450 Danka Business Systems Common 236277109 100,926 37,800 SH DEFINED Dorset 37,800 Devon Energy Corp. Common 25179M103 32,604,000 475,000 SH DEFINED Dorset 475,000 Dyadic Int'l Inc. Common 26745T101 1,525,250 610,100 SH DEFINED Dorset 610,100 Dyadic Int'l Inc. Common 26745T101 92,250 36,900 SH DEFINED Dorset 36,900 Dyadic Int'l Inc. Common 26745T101 21,000 8,400 SH DEFINED Dorset 8,400 Eagle Materials Inc. Common 26969P108 15,777 130 SH SOLE 130 Eagle Materials Inc. Common 26969P108 2,063 17 SH OTHER 17 Eagle Materials Inc. Class B Common 26969P207 52,064 450 SH SOLE 450 Eagle Materials Inc. Class B Common 26969P207 12,456,262 107,660 SH DEFINED Dorset 107,660 Eagle Materials Inc. Class B Common 26969P207 6,826 59 SH OTHER 59 Eagle Materials Inc. Class B Common 26969P207 768,527 6,642 SH DEFINED Dorset 6,642 Eagle Materials Inc. Class B Common 26969P207 173,550 1,500 SH DEFINED Dorset 1,500 Encana Corp. Common 292505104 36,182,468 620,200 SH DEFINED Dorset 620,200 Endwave Corp. Common 29264A206 739,170 57,300 SH DEFINED Dorset 57,300 Endwave Corp. Common 29264A206 28,380 2,200 SH DEFINED Dorset 2,200 Endwave Corp. Common 29264A206 6,450 500 SH DEFINED Dorset 500 Exegenics Inc. Common 301610101 292,160 730,400 SH DEFINED Dorset 730,400 Exegenics Inc. Common 301610101 18,120 45,300 SH DEFINED Dorset 45,300 Exegenics Inc. Common 301610101 4,040 10,100 SH DEFINED Dorset 10,100 Fidelity National Financial Common 316326107 13,311,035 298,990 SH DEFINED Dorset 298,990 Fidelity National Financial Common 316326107 805,812 18,100 SH DEFINED Dorset 18,100 Fidelity National Financial Common 316326107 182,532 4,100 SH DEFINED Dorset 4,100 First Keystone Financial Inc Common 320655103 1,210,090 58,600 SH DEFINED Dorset 58,600 First Keystone Financial Inc Common 320655103 74,340 3,600 SH DEFINED Dorset 3,600 First Keystone Financial Inc Common 320655103 16,520 800 SH DEFINED Dorset 800
Page 8 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- FMC Technologies Inc. Common 302490101 8,733,614 207,400 SH DEFINED Dorset 207,400 Foot Star Common 344912100 165,025 28,700 SH DEFINED Dorset 28,700 Foot Star Common 344912100 21,850 3,800 SH DEFINED Dorset 3,800 Forward Industries Inc. Common 349862300 213,577 9,100 SH DEFINED Dorset 9,100 Forward Industries Inc. Common 349862300 16,429 700 SH DEFINED Dorset 700 Forward Industries Inc. Common 349862300 4,694 200 SH DEFINED Dorset 200 Fuel-Tech N.V. Common 359523107 6,813,272 736,570 SH DEFINED Dorset 736,570 Fuel-Tech N.V. Common 359523107 412,550 44,600 SH DEFINED Dorset 44,600 Fuel-Tech N.V. Common 359523107 93,425 10,100 SH DEFINED Dorset 10,100 Gainsco, Inc. Common 363127101 3,221,385 1,809,767 SH DEFINED Dorset 1,809,767 Gainsco, Inc. Common 363127101 194,971 109,534 SH DEFINED Dorset 109,534 Gainsco, Inc. Common 363127101 44,203 24,833 SH DEFINED Dorset 24,833 Gentiva Health Services Common 37247A102 7,551,401 416,744 SH DEFINED Dorset 416,744 Gentiva Health Services Common 37247A102 463,872 25,600 SH DEFINED Dorset 25,600 Gentiva Health Services Common 37247A102 103,284 5,700 SH DEFINED Dorset 5,700 Genzyme Corp. Common 372917104 8,658,761 120,865 SH DEFINED Dorset 120,865 Genzyme Corp. Common 372917104 635,089 8,865 SH OTHER Dorset 8,865 Genzyme Corp. Common 372917104 1,513,415 21,125 SH DEFINED Dorset 21,125 Halliburton Co. Common 406216101 44,305,032 646,600 SH DEFINED Dorset 646,600 Healthcare Acquisition Corp. Common 42224H203 749,455 93,100 SH DEFINED Dorset 93,100 Healthcare Acquisition Corp. Common 42224H203 45,080 5,600 SH DEFINED Dorset 5,600 Healthcare Acquisition Corp. Common 42224H203 10,465 1,300 SH DEFINED Dorset 1,300 Hollis-Eden Pharmaceutical Common 435902101 435,798 68,200 SH DEFINED Dorset 68,200 Hollis-Eden Pharmaceutical Common 435902101 68,373 10,700 SH DEFINED Dorset 10,700 Hudson City Bancorp Common 443683107 16,633,820 1,397,800 SH DEFINED Dorset 1,397,800 Hudson City Bancorp Common 443683107 1,010,310 84,900 SH DEFINED Dorset 84,900 Hudson City Bancorp Common 443683107 230,860 19,400 SH DEFINED Dorset 19,400 Indus Int?l Common 45578L100 7,557,702 2,830,600 SH DEFINED Dorset 2,830,600 Indus Int?l Common 45578L100 457,638 171,400 SH DEFINED Dorset 171,400 Indus Int?l Common 45578L100 103,863 38,900 SH DEFINED Dorset 38,900 Information Resources Inc. Common 45676E107 22,729 41,325 SH DEFINED Dorset 41,325 Information Resources Inc. Common 45676E107 1,402 2,550 SH DEFINED Dorset 2,550 Information Resources Inc. Common 45676E107 275 500 SH DEFINED Dorset 500 InterOil Corp. Common 460951106 1,307,130 56,100 SH DEFINED Dorset 56,100 InterOil Corp. Common 460951106 323,870 13,900 SH DEFINED Dorset 13,900
Page 9 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- InterOil Corp. Common 460951106 23,300 1,000 SH DEFINED Dorset 1,000 Interstate Bakeries Corp. Common 46072H108 3,279,997 338,144 SH DEFINED Dorset 338,134 Interstate Bakeries Corp. Common 46072H108 198,850 20,500 SH DEFINED Dorset 20,500 Interstate Bakeries Corp. Common 46072H108 358,037 36,911 SH OTHER Dorset 36,911 Interstate Bakeries Corp. Common 46072H108 44,620 4,600 SH DEFINED Dorset 4,600 IPIX Corp. Common 44982L103 1,859,952 683,806 SH DEFINED Dorset 683,806 IPIX Corp. Common 44982L103 117,058 43,036 SH DEFINED Dorset 43,036 IPIX Corp. Common 44982L103 26,814 9,858 SH DEFINED Dorset 9,858 Ithaka Acq. Corp. Common 465707107 1,166,836 230,600 SH DEFINED Dorset 230,600 Ithaka Acq. Corp. Common 465707107 98,164 19,400 SH DEFINED Dorset 19,400 Jos. A. Bank Clothiers Inc. Common 480838101 2,068,596 47,862 SH DEFINED Dorset 47,862 Jos. A. Bank Clothiers Inc. Common 480838101 148,028 3,425 SH DEFINED Dorset 3,425 Jos. A. Bank Clothiers Inc. Common 480838101 38,898 900 SH DEFINED Dorset 900 KB Home Common 48666K109 29,433,720 402,100 SH DEFINED Dorset 402,100 KB Home Common 48666K109 1,786,080 24,400 SH DEFINED Dorset 24,400 KB Home Common 48666K109 402,600 5,500 SH DEFINED Dorset 5,500 KBL Healthcare Acquisition Common 48241R108 1,150,510 223,400 SH DEFINED Dorset 223,400 KBL Healthcare Acquisition Common 48241R108 69,525 13,500 SH DEFINED Dorset 13,500 KBL Healthcare Acquisition Common 48241R108 309,000 60,000 SH OTHER Dorset 60,000 KBL Healthcare Acquisition Common 48241R108 15,965 3,100 SH DEFINED Dorset 3,100 Krispy Kreme Doughnuts @7.5 Exp. 1/06 Common 501014954 429,825 2,605 SH Put DEFINED Dorset 2,605 Krispy Kreme Doughnuts @7.5 Exp. 1/06 Common 501014954 26,235 159 SH Put DEFINED Dorset 159 Krispy Kreme Doughnuts @7.5 Exp. 1/06 Common 501014954 5,940 36 SH Put DEFINED Dorset 36 Lear Corp. @ 35 Exp. 1/07 Common 521865905 663,660 1,229 SH Call DEFINED Dorset 1,229 Lear Corp. @ 35 Exp. 1/07 Common 521865905 39,960 74 SH Call DEFINED Dorset 74 Lear Corp. @ 35 Exp. 1/07 Common 521865905 440,625 625 SH Call OTHER Dorset 625 Lear Corp. @ 35 Exp. 1/07 Common 521865905 9,180 17 SH Call DEFINED Dorset 17 Liberty Global Inc. Series A Common 530555101 3,319,473 122,535 SH DEFINED Dorset 122,535 Liberty Global Inc. Series A Common 530555101 81,568 3,011 SH OTHER Dorset 3,011 Liberty Global Inc. Series A Common 530555101 200,737 7,410 SH DEFINED Dorset 7,410 Liberty Global Inc. Series A Common 530555101 46,784 1,727 SH DEFINED Dorset 1,727 Liberty Global Inc. Series C Common 530555309 3,155,276 122,535 SH DEFINED Dorset 122,535 Liberty Global Inc. Series C Common 530555309 77,533 3,011 SH OTHER Dorset 3,011 Liberty Global Inc. Series C Common 530555309 190,807 7,410 SH DEFINED Dorset 7,410 Liberty Global Inc. Series C Common 530555309 44,470 1,727 SH DEFINED Dorset 1,727
Page 10 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- Ligand Pharmaceuticals 6% due 11/16/07 Bonds 53220KAB4 3,650,255 2,219,000 PRN DEFINED Dorset 2,219,000 Ligand Pharmaceuticals 6% due 11/16/07 Bonds 53220KAB4 238,525 145,000 PRN DEFINED Dorset 145,000 Ligand Pharmaceuticals 6% due 11/16/07 Bonds 53220KAB4 2,312,000 1,600,000 PRN OTHER Dorset 1,600,000 Ligand Pharmaceuticals 6% due 11/16/07 Bonds 53220KAB4 59,220 36,000 PRN DEFINED Dorset 36,000 Ligand Pharmaceuticals Class B Common 53220K207 59,952,329 5,914,500 SH DEFINED Dorset 5,914,500 Ligand Pharmaceuticals Class B Common 53220K207 2,254,358 222,400 SH OTHER Dorset 222,400 Ligand Pharmaceuticals Class B Common 53220K207 3,821,460 377,000 SH DEFINED Dorset 377,000 Ligand Pharmaceuticals Class B Common 53220K207 1,011,623 99,800 SH DEFINED Dorset 99,800 Live Person Inc. Common 538146101 2,329,676 616,300 SH DEFINED Dorset 616,300 Live Person Inc. Common 538146101 141,376 37,400 SH DEFINED Dorset 37,400 Live Person Inc. Common 538146101 32,131 8,500 SH DEFINED Dorset 8,500 M&T Bank Common 55261F104 13,865,981 131,170 SH DEFINED Dorset 131,170 M&T Bank Common 55261F104 835,109 7,900 SH DEFINED Dorset 7,900 M&T Bank Common 55261F104 190,278 1,800 SH DEFINED Dorset 1,800 Magna Entertainment Corp. Common 559211107 16,277,040 2,444,000 SH DEFINED Dorset 2,444,000 Magna Entertainment Corp. Common 559211107 993,006 149,100 SH DEFINED Dorset 149,100 Mercator Partners Acquisition Corp. Common 587586207 1,805,655 372,300 SH DEFINED Dorset 372,300 Mercator Partners Acquisition Corp. Common 587586207 109,610 22,600 SH DEFINED Dorset 22,600 Mercator Partners Acquisition Corp. Common 587586207 487,500 100,000 SH OTHER Dorset 100,000 Mercator Partners Acquisition Corp. Common 587586207 24,735 5,100 SH DEFINED Dorset 5,100 Mercer Int'l Inc. Common 588056101 1,599,633 193,426 SH DEFINED Dorset 193,426 Mercer Int'l Inc. Common 588056101 96,759 11,700 SH DEFINED Dorset 11,700 Mercer Int'l Inc. Common 588056101 22,329 2,700 SH DEFINED Dorset 2,700 Murphys Oil Corporation Common 626717102 23,438,900 470,000 SH DEFINED Dorset 470,000 Nabi Common 629519109 12,207,890 931,900 SH DEFINED Dorset 931,900 Nabi Common 629519109 737,500 56,300 SH DEFINED Dorset 56,300 Nabi Common 629519109 167,680 12,800 SH DEFINED Dorset 12,800 National Oilwell Varco Common 637071101 29,906,100 454,500 SH DEFINED Dorset 454,500 NEO Pharm Inc. Common 640919106 19,219,231 1,549,938 SH DEFINED Dorset 1,549,938 NEO Pharm Inc. Common 640919106 1,169,320 94,300 SH DEFINED Dorset 94,300 NEO Pharm Inc. Common 640919106 264,120 21,300 SH DEFINED Dorset 21,300 Neurobiological Technologies Inc. Common 64124W106 4,491,819 1,178,955 SH DEFINED Dorset 1,178,955 Neurobiological Technologies Inc. Common 64124W106 274,701 72,100 SH DEFINED Dorset 72,100 Neurobiological Technologies Inc. Common 64124W106 62,865 16,500 SH DEFINED Dorset 16,500 News Corp. Common 65248E104 3,027,578 194,200 SH DEFINED Dorset 194,200
Page 11 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- News Corp. Common 65248E104 185,521 11,900 SH DEFINED Dorset 11,900 News Corp. Common 65248E104 779,500 50,000 SH OTHER Dorset 50,000 News Corp. Common 65248E104 42,093 2,700 SH DEFINED Dorset 2,700 Nitromed Common 654798503 480,600 26,700 SH DEFINED Dorset 26,700 Nitromed Common 654798503 30,600 1,700 SH DEFINED Dorset 1,700 Nitromed Common 654798503 7,200 400 SH DEFINED Dorset 400 Northfork Bancorp NY Common 659424105 124,543 4,884 SH SOLE 4,884 OCA Incorporated Common 67083Q101 43,350 28,900 SH DEFINED Dorset 28,900 OCA Incorporated Common 67083Q101 2,700 1,800 SH DEFINED Dorset 1,800 OCA Incorporated Common 67083Q101 450 300 SH DEFINED Dorset 300 Par Pharmaceuticals Common 69888P106 6,334,628 237,965 SH DEFINED Dorset 237,965 Par Pharmaceuticals Common 69888P106 383,328 14,400 SH DEFINED Dorset 14,400 Par Pharmaceuticals Common 69888P106 87,846 3,300 SH DEFINED Dorset 3,300 PCTel Inc. Common 69325Q105 5,765,988 613,403 SH DEFINED Dorset 613,403 PCTel Inc. Common 69325Q105 349,680 37,200 SH DEFINED Dorset 37,200 PCTel Inc. Common 69325Q105 78,960 8,400 SH DEFINED Dorset 8,400 Penwest Pharmaceuticals Co. Common 709754105 17,638,686 1,006,200 SH DEFINED Dorset 1,006,200 Penwest Pharmaceuticals Co. Common 709754105 1,071,083 61,100 SH DEFINED Dorset 61,100 Penwest Pharmaceuticals Co. Common 709754105 243,667 13,900 SH DEFINED Dorset 13,900 Petroleo Brasileiro SA Common 71654V408 35,830,788 501,200 SH DEFINED Dorset 501,200 Petroleo Brasileiro SA Common 71654V408 18,465,867 258,300 SH DEFINED Dorset 258,300 Petroleo Brasileiro SA Common 71654V408 250,215 3,500 SH DEFINED Dorset 3,500 Pfizer Inc. Common 717081103 47,443 1,900 SH OTHER 1,900 Prepaid Legal Services Common 740065107 4,856,850 125,500 SH DEFINED Dorset 125,500 Prepaid Legal Services Common 740065107 356,040 9,200 SH DEFINED Dorset 9,200 Prepaid Legal Services Common 740065107 89,010 2,300 SH DEFINED Dorset 2,300 Presstek Common 741113104 14,989,304 1,154,800 SH DEFINED Dorset 1,154,800 Presstek Common 741113104 907,302 69,900 SH DEFINED Dorset 69,900 Presstek Common 741113104 206,382 15,900 SH DEFINED Dorset 15,900 Private Business Inc. Common 74267D203 1,802,236 1,315,501 SH DEFINED Dorset 1,315,501 Private Business Inc. Common 74267D203 109,549 79,963 SH DEFINED Dorset 79,963 Private Business Inc. Common 74267D203 24,934 18,200 SH DEFINED Dorset 18,200 Proctor & Gamble Co. Common 742718109 15,429,870 259,500 SH DEFINED Dorset 259,500 Proctor & Gamble Co. Common 742718109 942,441 15,850 SH DEFINED Dorset 15,850 Proctor & Gamble Co. Common 742718109 214,056 3,600 SH DEFINED Dorset 3,600
Page 12 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- Pure Cycle Corp. Common 746228303 1,897,200 279,000 SH DEFINED Dorset 279,000 Pure Cycle Corp. Common 746228303 115,600 17,000 SH DEFINED Dorset 17,000 Pure Cycle Corp. Common 746228303 27,200 4,000 SH DEFINED Dorset 4,000 QuadraMed Corp. Common 74730W101 5,188,749 2,850,961 SH DEFINED Dorset 2,859,061 QuadraMed Corp. Common 74730W101 316,498 173,900 SH DEFINED Dorset 173,900 QuadraMed Corp. Common 74730W101 71,362 39,210 SH DEFINED Dorset 39,210 Quilmes Industrial SA Adr Common 748384207 406,770 13,000 SH OTHER Dorset 13,000 Rand Acquisition Corp. Common 752182204 4,831,740 631,600 SH DEFINED Dorset 631,600 Rand Acquisition Corp. Common 752182204 867,510 113,400 SH DEFINED Dorset 113,400 Rand Acquisition Corp. Common 752182204 53,550 7,000 SH DEFINED Dorset 7,000 Retail Ventures Inc. Common 76128Y102 10,405,746 947,700 SH DEFINED Dorset 947,700 Retail Ventures Inc. Common 76128Y102 637,938 58,100 SH DEFINED Dorset 58,100 Retail Ventures Inc. Common 76128Y102 142,740 13,000 SH DEFINED Dorset 13,000 Sandhill IT Security Acquisition Common 799719109 42,400 8,000 SH OTHER Dorset 8,000 Scientific Games Corporation Common 80874P109 17,736,743 572,153 SH DEFINED Dorset 572,153 Scientific Games Corporation Common 80874P109 1,041,600 33,600 SH DEFINED Dorset 33,600 Seabright Insurance Holdings Common 811656107 8,773,320 678,000 SH DEFINED Dorset 678,000 Seabright Insurance Holdings Common 811656107 537,657 41,550 SH DEFINED Dorset 41,550 Seabright Insurance Holdings Common 811656107 120,342 9,300 SH DEFINED Dorset 9,300 Sears Holding Corp. Common 812350106 5,624,236 45,200 SH DEFINED Dorset 45,200 Sears Holding Corp. Common 812350106 597,264 4,800 SH DEFINED Dorset 4,800 Segue Software Inc. Common 815807102 2,172,055 333,649 SH DEFINED Dorset 333,649 Segue Software Inc. Common 815807102 132,153 20,300 SH DEFINED Dorset 20,300 Segue Software Inc. Common 815807102 29,946 4,600 SH DEFINED Dorset 4,600 Service Acquisition Corp. Common 817628100 42,008 5,900 SH DEFINED Dorset 5,900 Service Acquisition Corp. Common 817628100 2,848 400 SH DEFINED Dorset 400 Service Acquisition Corp. Common 817628100 11,392 1,600 SH OTHER Dorset 1,600 Service Acquisition Corp. Common 817628100 712 100 SH DEFINED Dorset 100 Service Acquisition Corp. Units Common 817628209 4,421,865 549,300 SH DEFINED Dorset 549,300 Service Acquisition Corp. Units Common 817628209 267,260 33,200 SH DEFINED Dorset 33,200 Service Acquisition Corp. Units Common 817628209 490,245 60,900 SH OTHER Dorset 60,900 Service Acquisition Corp. Units Common 817628209 61,180 7,600 SH DEFINED Dorset 7,600 Simpson Manufacturing Co. Inc. Common 829073105 15,538,580 397,000 SH DEFINED Dorset 397,000 Simpson Manufacturing Co. Inc. Common 829073105 939,360 24,000 SH DEFINED Dorset 24,000 Simpson Manufacturing Co. Inc. Common 829073105 211,356 5,400 SH DEFINED Dorset 5,400
Page 13 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- Smith Micro Software Common 832154108 1,915,369 285,450 SH DEFINED Dorset 285,450 Smith Micro Software Common 832154108 139,568 20,800 SH DEFINED Dorset 20,800 Smith Micro Software Common 832154108 38,247 5,700 SH DEFINED Dorset 5,700 Spatial Light Inc. Common 847248101 398,612 90,800 SH DEFINED Dorset 90,800 Spatial Light Inc. Common 847248101 24,145 5,500 SH DEFINED Dorset 5,500 Spatial Light Inc. Common 847248101 5,707 1,300 SH DEFINED Dorset 1,300 Spectrum Pharmeceuticals Common 84763A108 4,617,264 930,900 SH DEFINED Dorset 930,900 Spectrum Pharmeceuticals Common 84763A108 279,248 56,300 SH DEFINED Dorset 56,300 Spectrum Pharmaceuticals Common 84763A108 63,488 12,800 SH DEFINED Dorset 12,800 SRS Labs Inc. Common 78464M106 1,256,320 196,300 SH DEFINED Dorset 196,300 SRS Labs Inc. Common 78464M106 75,520 11,800 SH DEFINED Dorset 11,800 SRS Labs Inc. Common 78464M106 17,920 2,800 SH DEFINED Dorset 2,800 Stone Arcade Acq. Corp. Common 861575108 484,050 92,200 SH DEFINED Dorset 92,200 Stone Arcade Acq. Corp. Common 861575108 40,950 7,800 SH DEFINED Dorset 7,800 Sunoco Inc. @ 60 Exp. 2/06 Common 86764P959 63,000 600 SH Put DEFINED Dorset 600 Talisman Energy Inc. Common 87425E103 61,785,476 1,263,300 SH DEFINED Dorset 1,263,300 Talisman Energy Inc. Common 87425E103 35,428,955 724,400 SH DEFINED Dorset 724,400 Talisman Energy Inc. Common 87425E103 811,873 16,600 SH DEFINED Dorset 16,600 Terra Nova Common 88101E102 441,936 89,100 SH DEFINED Dorset 89,100 Terra Nova Common 88101E102 26,288 5,300 SH DEFINED Dorset 5,300 Terra Nova Common 88101E102 6,448 1,300 SH DEFINED Dorset 1,300 Terra Nova Common 88101E102 244,528 49,300 SH OTHER Dorset 49,300 The Stephan Co. Common 858603103 1,112,046 285,140 SH DEFINED Dorset 285,140 The Stephan Co. Common 858603103 67,080 17,200 SH DEFINED Dorset 17,200 The Stephan Co. Common 858603103 298,584 76,560 SH OTHER Dorset 76,560 The Stephan Co. Common 858603103 15,210 3,900 SH DEFINED Dorset 3,900 Total SA Common 89151E109 46,178,800 340,000 SH DEFINED Dorset 340,000 Tremsis Energy Acquisition Common 894727106 16,350 3,000 SH OTHER Dorset 3,000 USI Holding Corp. Common 90333H101 7,040,580 542,000 SH DEFINED Dorset 542,000 USI Holding Corp. Common 90333H101 426,072 32,800 SH DEFINED Dorset 32,800 USI Holding Corp. Common 90333H101 96,126 7,400 SH DEFINED Dorset 7,400 Uranium Resources Inc. Class D Common 916901309 3,704,990 5,253,000 SH DEFINED Dorset 5,253,000 Uranium Resources Inc. Class D Common 916901309 1,198,500 1,700,000 SH DEFINED Dorset 1,700,000 Uranium Resources Inc. Class D Common 916901309 50,760 72,000 SH DEFINED Dorset 72,000 Vasogen Inc. Common 92232F103 4,693,064 2,224,201 SH DEFINED Dorset 2,224,201 Vasogen Inc. Common 92232F103 283,795 134,500 SH DEFINED Dorset 134,500 Vasogen Inc. Common 92232F103 64,355 30,500 SH DEFINED Dorset 30,500 ViroPharma Inc. Common 928241108 12,584,000 605,000 SH DEFINED Dorset 605,000
Page 14 of 15
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ---------------------------- NAME OF ISSUER CLASS CUSIP ($) PER AMT PRN CALL DISERETION MANAGERS SALE SHARED NONE - ----------------- -------- --------- ------------- ----------- -------- ---------- -------- ---------------------------- ViroPharma Inc. Common 928241108 761,280 36,600 SH DEFINED Dorset 36,600 ViroPharma Inc. Common 928241108 174,720 8,400 SH DEFINED Dorset 8,400 Wachovia Corp. Common 929903102 84,710 1,780 SH OTHER 1,780 Walmart Stores Common 931142103 4,132,226 94,300 SH DEFINED Dorset 94,300 Walmart Stores Common 931142103 249,774 5,700 SH DEFINED Dorset 5,700 Waste Services Inc. Common 941075103 1,211,750 327,500 SH DEFINED Dorset 327,500 Waste Services Inc. Common 941075103 73,630 19,900 SH DEFINED Dorset 19,900 Waste Services Inc. Common 941075103 16,650 4,500 SH DEFINED Dorset 4,500 Wells Fargo & Co. Common 949746101 281,136 4,800 SH SOLE 4,800 Wells Fargo & Co. Common 949746101 23,555,683 402,180 SH DEFINED Dorset 402,180 Wells Fargo & Co. Common 949746101 175,710 3,000 SH OTHER 3,000 Wells Fargo & Co. Common 949746101 1,417,394 24,200 SH DEFINED Dorset 24,200 Wells Fargo & Co. Common 949746101 322,135 5,500 SH DEFINED Dorset 5,500 Western Gas Resources Common 958259103 717,220 14,000 SH DEFINED Dorset 14,000 Western Gas Resources Common 958259103 4,518,486 88,200 SH DEFINED Dorset 88,200 Western Gas Resources Common 958259103 5,123 100 SH DEFINED Dorset 100 Willis Group Holdings Ltd. Common G96655108 138,935 3,700 SH SOLE 3,700 Willis Group Holdings Ltd. Common G96655108 18,654,202 496,783 SH DEFINED Dorset 496,783 Willis Group Holdings Ltd. Common G96655108 30,040 800 SH OTHER 800 Willis Group Holdings Ltd. Common G96655108 1,143,397 30,450 SH DEFINED Dorset 30,450 Willis Group Holdings Ltd. Common G96655108 255,340 6,800 SH DEFINED Dorset 6,800 Worldgate Communications Inc. Common 98156L307 152,460 60,500 SH DEFINED Dorset 60,500 Worldgate Communications Inc. Common 98156L307 9,828 3,900 SH DEFINED Dorset 3,900 Worldgate Communications Inc. Common 98156L307 2,268 900 SH DEFINED Dorset 900 Zions Bancorp Common 989701107 313,368 4,400 SH SOLE 4,400 Zions Bancorp Common 989701107 5,290,720 74,287 SH DEFINED Dorset 74,287 Zions Bancorp Common 989701107 320,490 4,500 SH DEFINED Dorset 4,500 Zions Bancorp Common 989701107 71,220 1,000 SH DEFINED Dorset 1,000 Zions Bancorp Common 989701107 85,464 1,200 SH OTHER 1,200 GRAND TOTAL 2,371,082,718 111,024,366
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