13F-HR 1 fcm.txt .......................... OMB Approval .......................... .......................... OMB Number: 3235-0006 Expires: December 31, 2009 Estimated average burden hours per response....22.6 .......................... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year of Quarter Ended: December 31, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Farallon Capital Management, L.L.C. One Maritime Plaza Suite 2100 San Francisco, California 94111 Form 13F File Number: 028-03896 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: Mark C. Wehrly Managing Member (415) 421-2132 /s/ Mark C. Wehrly _________________________ San Francisco, California February 17, 2009 Report Type: 13F Combination Report List of Other Managers Reporting for this Manager: Noonday Asset Management, L.P. Form 13F File Number: 028-11402 ChinaRock Capital Management Limited Form 13F File Number: 028-12617 Form 13F Summary Page Report Summary Number of Other Included Managers 1 Form 13 F Information Table Entry Total: 22 Form 13 F Information Table Value Total: $871,238 (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. 1 Form 13F File Number: 028-06372 Name: Farallon Partners, L.L.C. 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 MNGRS SOLE SHARED NONE ------------------------------ ---------------- --------- ------------ ------------ --- ---- ------- ----- ---------- -------- ----- AFFORDABLE RESIDENTIAL CMNTY NOTE 7.500% 8/1 00828UAB9 1,761 2,000,000 PRN OTHER 01 2,000,000 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 28,606 923,086 SH OTHER 01 923,086 BURLINGTON NORTHN SANTA FE C COM 12189T104 36,553 482,800 SH OTHER 01 482,800 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 63,930 3,796,300 SH OTHER 01 3,796,300 CAPITALSOURCE INC COM 14055X102 195,289 42,270,274 SH OTHER 01 42,270,274 D & E COMMUNICATIONS INC COM 232860106 1,604 239,430 SH OTHER 01 239,430 FIDELITY NATL INFORMATION SV COM 31620M106 49,908 3,067,500 SH OTHER 01 3,067,500 FREIGHTCAR AMER INC COM 357023100 9,904 542,115 SH OTHER 01 542,115 GEOEYE INC COM 37250W108 17,071 887,752 SH OTHER 01 887,752 KNOLOGY INC COM 499183804 25,647 4,970,375 SH OTHER 01 4,970,375 MAGNA ENTMT CORP SUB VTG CL A NEW 559211305 66 94,499 SH OTHER 01 94,499 MASTERCARD INC CL A 57636Q104 185,809 1,300,000 SH OTHER 01 1,300,000 MI DEVS INC CL A SUB VTG 55304X104 27,581 3,697,202 SH OTHER 01 3,697,202 NEKTAR THERAPEUTICS NOTE 3.250% 9/2 640268AH1 6,204 10,421,000 PRN OTHER 01 10,421,000 ORACLE CORP COM 68389X105 29,653 1,672,500 SH OTHER 01 1,672,500 PINNACLE ENTMT INC COM 723456109 20,851 2,715,000 SH OTHER 01 2,715,000 RAM ENERGY RESOURCES INC COM 75130P109 673 764,370 SH OTHER 01 764,370 SANDRIDGE ENERGY INC COM 80007P307 18,450 3,000,000 SH OTHER 01 3,000,000 SHERWIN WILLIAMS CO COM 824348106 36,149 605,000 SH OTHER 01 605,000 TOWN SPORTS INTL HLDGS INC COM 89214A102 17,007 5,331,279 SH OTHER 01 5,331,279 TRANSDIGM GROUP INC COM 893641100 30,129 897,500 SH OTHER 01 897,500 WENDYS ARBYS GROUP INC COM 950587105 68,393 13,844,744 SH OTHER 01 13,844,744