13F-HR 1 pal212488.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2006 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: FLETCHER ASSET MANAGEMENT, INC. Address: 452 Fifth Avenue HSBC Tower, 29th Floor NEW YORK, NEW YORK 10018 Form 13F File Number: 28-3480 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: PETER ZAYFERT Title: EXECUTIVE VICE PRESIDENT Phone: (212) 284-4800 Signature, Place, and Date of Signing: /s/ Peter Zayfert ---------------------------- ------------------------ --------------------- PETER ZAYFERT NEW YORK, NEW YORK August 11, 2006 EXECUTIVE VICE PRESIDENT 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: 21 Form 13F Information Table Value Total: $69,050 (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. No. Form 13F File Number Name 1 28-10204 FLETCHER INTERNATIONAL, LTD.
FORM 13F INFORMATION TABLE Fair Shares Voting Authority Market or ------------------- Title of CUSIP Value Principal SH/ Put/ Investment Other (A) (B) (C) Name of Issuer Class Number (x$1,000) Amount PRN Call Discretion Managers Sole Shared None -------------- ---------- ------ --------- ------ --- ---- ---------- -------- ---- ------ ---- Allied Waste Industries, COM PAR 019589308 83 7,300 SH Defined 1 X Inc. $.01NEW Helix Energy Solutions COM 42330P107 13,977 346,318 SH Defined 1 X Group Casella Waste Systems, Inc. CL A 147448104 94 7,200 SH Defined 1 X Champion Enterprises, Inc. COM 158496109 88 8,000 SH Defined 1 X Devry, Inc. COM 251893103 134 6,100 SH Defined 1 X Euronet Worldwide, Inc. COM 298736109 127 3,300 SH Defined 1 X Ishares Lehman Agg Bond LEHMAN AGG 464287226 82 842 SH Defined X Fund BND ITT Educational Services, COM 45068B109 145 2,200 SH Defined 1 X Inc. Newpark Resources, Inc. COM PAR 651718504 86 14,000 SH Defined 1 X $.01NEW Oceaneering International, COM 675232102 330 7,200 SH Defined 1 X Inc. Oil Service HOLDRS Trust PUT 678002106 17,333 116,000 SH PUT Defined 1 X Oil Service HOLDRS Trust DEPOSTRY 678002106 33,135 221,760 SH Defined 1 X RCPT Oil States International, COM 678026105 233 6,800 SH Defined 1 X Inc. Plug Power, Inc. COM 72919P103 68 14,500 SH Defined 1 X SPDR Trust Series I UNIT SER 1 78462F103 1,744 13,700 SH Defined 1 X SPDR Trust Series I UNIT SER 1 78462F103 58 455 SH Defined X Superior Energy Services, COM 868157108 356 10,500 SH Defined 1 X Inc. Tetra Tech, Inc. COM 88162G103 71 4,000 SH Defined 1 X TRC Companies, Inc. COM 872625108 459 43,573 SH Defined 1 X Waste Connections, Inc. COM 941053100 142 3,900 SH Defined 1 X W-H Energy Services, Inc. COM 92925E108 305 6,000 SH Defined 1 X