13F-HR 1 v193123_13f-hr.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: June 30, 2010 Check here if Amendment [ ]; Amendment Number: __________ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holding entries. Institutional Investment Manager Filing this Report: Name: Westchester Capital Management, Inc. ------------------------------------ Address: 100 Summit Lake Drive ------------------------------------ Valhalla, NY 10595 ------------------------------------ Form 13F File Number: 28-04764 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: Frederick W. Green ------------------------------------ Title: President ------------------------------------ Phone: 914-741-5600 ------------------------------------ Signature, Place, and Date of Signing: /s/ Frederick W. Green Valhalla, New York 8/16/10 ---------------------------------- --------------------------- ------- [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 120 Form 13F Information Table Value Total: $2,078,125 (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 28-11493 Green & Smith Investment Management L.L.C. -2- FORM 13F Westchester Capital Management, Inc. June 30, 2010
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ------------------ -------- -------- ---------- --- ----- ---------- -------- ---- ------ ---- Advanced Micro Devices NOTE 5.75% 8/1 007903AN7 513 520,000 PRN (a) Sole Sole Airgas, Inc. COM 009363102 72,494 1,165,503 SH (a) Sole Sole Airgas, Inc. COM 009363102 2,021 32,500 SH (b) Other 1 Sole Alcon Inc. ADR COM SHS H01301102 141,473 954,673 SH (a) Sole Sole Alcon Inc. ADR COM SHS H01301102 3,540 23,888 SH (b) Other 1 Sole Allegheny Energy Inc. COM 017361106 72,314 3,496,800 SH (a) Sole Sole Allegheny Energy Inc. COM 017361106 1,841 89,000 SH (b) Other 1 Sole American Italian Pasta Company CL A 027070101 10,336 195,500 SH (a) Sole Sole American Italian Pasta Company CL A 027070101 238 4,500 SH (b) Other 1 Sole Arena Resources Inc. COM 040049108 1,502 47,100 SH (a) Sole Sole Biovail Corporation COM 09067J109 25,539 1,327,406 SH (a) Sole Sole Biovail Corporation COM 09067J109 1,354 70,400 SH (b) Other 1 Sole Boots & Coots Inc. COM NEW 099469504 12,525 4,245,600 SH (a) Sole Sole Boots & Coots Inc. COM NEW 099469504 879 297,800 SH (b) Other 1 Sole Bowne & Co. Inc. COM 103043105 30,646 2,731,400 SH (a) Sole Sole Bowne & Co. Inc. COM 103043105 1,889 168,400 SH (b) Other 1 Sole BP plc ADR SPONSORED ADR 055622104 1,733 60,000 SH (a) Sole Sole California Pizza Kitchen, Inc. COM 13054D109 14,073 928,900 SH (a) Sole Sole California Pizza Kitchen, Inc. COM 13054D109 565 37,300 SH (b) Other 1 Sole Casey's General Stores, Inc. COM 147528103 65,658 1,881,310 SH (a) Sole Sole Casey's General Stores, Inc. COM 147528103 2,068 59,250 SH (b) Other 1 Sole CenturyLink, Inc. COM 156700106 706 21,200 SH (a) Sole Sole CF Industries Holdings Inc. COM 125269100 13,154 207,316 SH (a) Sole Sole CF Industries Holdings Inc. COM 125269100 426 6,720 SH (b) Other 1 Sole Citigroup Inc. COM 172967101 658 175,000 SH (a) Sole Sole Coca-Cola Enterprises Inc. COM 191219104 36,957 1,429,100 SH (a) Sole Sole Coca-Cola Enterprises Inc. COM 191219104 1,394 53,900 SH (b) Other 1 Sole Comcast Corporation New CL A 20030N200 31,150 1,895,900 SH (a) Sole Sole Comcast Corporation New CL A 20030N200 1,426 86,800 SH (b) Other 1 Sole CyberSource Corporations COM 23251J106 55,486 2,173,348 SH (a) Sole Sole CyberSource Corporations COM 23251J106 2,226 87,200 SH (b) Other 1 Sole Dollar Thrifty Automotive Group, Inc. COM 256743105 54,408 1,276,880 SH (a) Sole Sole Dollar Thrifty Automotive Group, Inc. COM 256743105 1,202 28,211 SH (b) Other 1 Sole DynCorp International Inc CL A 26817C101 16,833 960,779 SH (a) Sole Sole DynCorp International Inc CL A 26817C101 618 35,300 SH (b) Other 1 Sole ev3 Inc. COM 26928A200 78,899 3,520,700 SH (a) Sole Sole ev3 Inc. COM 26928A200 1,826 81,500 SH (b) Other 1 Sole Exxon Mobil Corp. COM 30231G102 4 67 SH (a) Sole Sole Fidelity National Information Services Inc. COM 31620M106 39,018 1,454,800 SH (a) Sole Sole Fidelity National Information Services Inc. COM 31620M106 1,408 52,500 SH (b) Other 1 Sole Fomento Economico Mexicano SAB de CV ADR SPON ADR UNIT 344419106 12,829 297,305 SH (a) Sole Sole Fomento Economico Mexicano SAB de CV ADR SPON ADR UNIT 344419106 397 9,197 SH (b) Other 1 Sole Gerdau Ameristeel Corp. COM 37373P105 21,331 1,957,000 SH (a) Sole Sole Gerdau Ameristeel Corp. COM 37373P105 505 46,300 SH (b) Other 1 Sole GLG Partners Inc. COM 37929X107 33,922 7,744,700 SH (a) Sole Sole GLG Partners Inc. COM 37929X107 1,124 256,700 SH (b) Other 1 Sole Huntsman Corporation COM 447011107 16,952 1,955,258 SH (a) Sole Sole Huntsman Corporation COM 447011107 888 102,400 SH (b) Other 1 Sole Interactive Data Corp. COM 45840J107 25,787 772,519 SH (a) Sole Sole Interactive Data Corp. COM 45840J107 1,492 44,700 SH (b) Other 1 Sole inVentiv Health Inc. COM 46122E105 1,715 67,000 SH (a) Sole Sole inVentiv Health Inc. COM 46122E105 693 27,052 SH (b) Other 1 Sole iShares Inc. MSCI MEX INVEST 464286822 7,878 1,645 SH PUT (a) Sole Sole iShares Inc. MSCI MEX INVEST 464286822 369 77 SH PUT (b) Other 1 Sole iShares Inc. MSCI SPAIN 464286764 1,585 498 SH PUT (a) Sole Sole iShares Inc. MSCI SPAIN 464286764 38 12 SH PUT (b) Other 1 Sole Liberty Acquisition Holdings Corp. COM 53015Y107 15,825 1,593,700 SH (a) Sole Sole Liberty Acquisition Holdings Corp. COM 53015Y107 1,636 164,800 SH (b) Other 1 Sole Liberty Media Corp. New INT COM SER A 53071M104 7,695 732,900 SH (a) Sole Sole Liberty Media Corp. New INT COM SER A 53071M104 180 17,100 SH (b) Other 1 Sole Lihir Gold Ltd. ADR SPONSORED ADR 532349107 23,566 654,795 SH (a) Sole Sole Lihir Gold Ltd. ADR SPONSORED ADR 532349107 590 16,400 SH (b) Other 1 Sole Mariner Energy, Inc. COM 56845T305 38,255 1,780,968 SH (a) Sole Sole Mariner Energy, Inc. COM 56845T305 546 25,419 SH (b) Other 1 Sole Market Vectors ETF Tr GBL ALTER ENRG 57060U407 7,910 4,320 SH PUT (a) Sole Sole Market Vectors ETF Tr GBL ALTER ENRG 57060U407 734 401 SH PUT (b) Other 1 Sole Market Vectors ETF Tr COAL ETF 57060U837 2,810 1,456 SH PUT (a) Sole Sole Market Vectors ETF Tr COAL ETF 57060U837 85 44 SH PUT (b) Other 1 Sole McDonald's Corporation COM 580135101 1,640 24,900 SH (a) Sole Sole McDonald's Corporation COM 580135101 1,640 249 SH PUT (a) Sole Sole Millipore Corp. COM 601073109 89,850 842,471 SH (a) Sole Sole Millipore Corp. COM 601073109 2,240 21,000 SH (b) Other 1 Sole Millipore Corp. convertible note NOTE 3.75% 6/0 601073AD1 59,233 47,245,000 PRN (a) Sole Sole Millipore Corp. convertible note NOTE 3.75% 6/0 601073AD1 1,229 980,000 PRN (b) Other 1 Sole Mirant Corporation COM 60467R100 9,489 898,581 SH (a) Sole Sole Mirant Corporation COM 60467R100 351 33,200 SH (b) Other 1 Sole Motorola, Inc. COM 620076109 17,800 2,730,100 SH (a) Sole Sole Motorola, Inc. COM 620076109 519 79,600 SH (b) Other 1 Sole News Corporation CL A 65248E104 11,263 941,700 SH (a) Sole Sole News Corporation CL A 65248E104 285 23,800 SH (b) Other 1 Sole Odyssey HealthCare, Inc. COM 67611V101 25,424 951,511 SH (a) Sole Sole Odyssey HealthCare, Inc. COM 67611V101 1,093 40,900 SH (b) Other 1 Sole Pactiv Corporation COM 695257105 2,749 98,700 SH (a) Sole Sole Pactiv Corporation COM 695257105 36 1,300 SH (b) Other 1 Sole Palm, Inc. COM 696643105 2,170 381,300 SH (a) Sole Sole Palm, Inc. COM 696643105 1,273 223,700 SH (b) Other 1 Sole Pfizer Inc. COM 717081103 1,426 100,000 SH (a) Sole Sole Pfizer Inc. COM 717081103 1,426 1,000 SH PUT (a) Sole Sole Phase Forward Corporation COM 71721R406 9,823 588,897 SH (a) Sole Sole Phase Forward Corporation COM 71721R406 1,486 89,088 SH (b) Other 1 Sole Psychiatric Solutions, Inc. COM 74439H108 111,267 3,400,578 SH (a) Sole Sole Psychiatric Solutions, Inc. COM 74439H108 2,595 79,300 SH (b) Other 1 Sole Qwest Communications International Inc. COM 749121109 93,614 17,831,300 SH (a) Sole Sole Qwest Communications International Inc. COM 749121109 2,193 417,800 SH (b) Other 1 Sole Rio Tinto plc SPONSORED ADR 767204100 12,164 279,000 SH (a) Sole Sole Rio Tinto plc SPONSORED ADR 767204100 828 19,000 SH (b) Other 1 Sole SandRidge Energy COM 80007P307 1,312 2,250 SH PUT (a) Sole Sole Select Sector SPDR Tr SBI MATERIALS 81369Y100 1,753 618 SH PUT (a) Sole Sole Select Sector SPDR Tr SBI MATERIALS 81369Y100 491 173 SH PUT (b) Other 1 Sole Select Sector SPDR Tr SBI INT-ENERGY 81369Y506 5,435 1,094 SH PUT (a) Sole Sole Select Sector SPDR Tr SBI INT-ENERGY 81369Y506 194 39 SH PUT (b) Other 1 Sole Smith International, Inc. COM 832110100 215,799 5,731,700 SH (a) Sole Sole Smith International, Inc. COM 832110100 5,324 141,400 SH (b) Other 1 Sole SPDR Series Trust S&P RETAIL ETF 78464A714 4,905 1,376 SH PUT (a) Sole Sole SPDR Series Trust S&P RETAIL ETF 78464A714 143 40 SH PUT (b) Other 1 Sole SPDR S&P 500 ETF Tr UNIT SER 1 S&P 78462F103 150,331 14,550 SH PUT (a) Sole Sole SPDR S&P 500 ETF Tr UNIT SER 1 S&P 78462F103 4,649 450 SH PUT (b) Other 1 Sole SunPower Corp. COM CL B 867652307 14,580 1,349,957 SH (a) Sole Sole SunPower Corp. COM CL B 867652307 714 66,120 SH (b) Other 1 Sole Sybase Inc. COM 871130100 126,656 1,958,800 SH (a) Sole Sole Sybase Inc. COM 871130100 3,311 51,200 SH (b) Other 1 Sole Talecris Biotherapeutics Holdings Corp. COM 874227101 8,244 390,700 SH (a) Sole Sole Talecris Biotherapeutics Holdings Corp. COM 874227101 194 9,200 SH (b) Other 1 Sole The Blackstone Group, LP COM UNIT LTD 09253U108 6,955 7,275 SH PUT (a) Sole Sole The Blackstone Group, LP COM UNIT LTD 09253U108 693 725 SH PUT (b) Other 1 Sole The Blackstone Group, LP COM UNIT LTD 09253U108 69 7,250 SH (b) Other 1 Sole Verizon Communications Inc. COM 92343V104 1,681 60,000 SH (a) Sole Sole Verizon Communications Inc. COM 92343V104 1,681 600 SH PUT (a) Sole Sole WuXi PharmaTech (Cayman) Inc. SPON ADR SHS 929352102 28,342 1,775,800 SH (a) Sole Sole WuXi PharmaTech (Cayman) Inc. SPON ADR SHS 929352102 1,226 76,800 SH (b) Other 1 Sole TOTAL 2,078,125