13F-HR 1 ostm3q06.txt OSTERWEIS CAPITAL MANAGEMENT INC. 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, 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: Osterweis Capital Management, Inc. Address: One Maritime Plaza, Suite 800 San Francisco, CA 94111 13F File Number: 28-04483 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: John Tavernetti Title: Chief Compliance Officer Phone: 415-434-4441 Signature, Place, and Date of Signing: /s/ John Tavernetti San Francisco, CA November 06, 2006 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form13F Information Table Entry Total: 235 Form13F Information Table Value Total: $2,303,624 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 28-05660 Osterweis Capital Management, LLC. 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 MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 767 10300 SH OTHER 10300 0 0 3M CO COM 88579Y101 1805 24254 SH OTHER 01 24254 0 0 ABBOTT LABS COM 002824100 531 10933 SH OTHER 01 10933 0 0 ABBOTT LABS COM 002824100 1360 28000 SH OTHER 28000 0 0 ACE LTD ORD G0070K103 306 5600 SH OTHER 01 5600 0 0 ACUITY BRANDS INC COM 00508Y102 363 8000 SH OTHER 01 8000 0 0 ADVENT SOFTWARE INC COM 007974108 219 6050 SH OTHER 01 6050 0 0 AFLAC INC COM 001055102 339 7400 SH SOLE 01 7400 0 0 AGERE SYS INC NOTE 6.500%12/1 00845VAA8 1103 1100000 PRN OTHER 01 1100000 0 0 AIRTRAN HLDGS INC COM 00949P108 4040 407250 SH OTHER 391925 0 15325 AIRTRAN HLDGS INC COM 00949P108 10841 1092850 SH OTHER 01 1092850 0 0 ALTRIA GROUP INC COM 02209S103 556 7261 SH OTHER 01 7261 0 0 ALTRIA GROUP INC COM 02209S103 320 4180 SH OTHER 4180 0 0 AMERICAN COMMERCIAL LINES COM NEW 025195207 297 5000 SH OTHER 01 5000 0 0 AMERICAN EXPRESS CO COM 025816109 325 5788 SH OTHER 01 5788 0 0 AMERICAN EXPRESS CO COM 025816109 355 6325 SH OTHER 6325 0 0 AMERICAN INTL GROUP INC COM 026874107 3780 57053 SH OTHER 01 57053 0 0 AMERICAN TOWER CORP NOTE 5.000% 2/1 029912AF9 1891 1900000 PRN OTHER 01 1900000 0 0 AMERICAN TOWER CORP NOTE 5.000% 2/1 029912AF9 100 100000 PRN OTHER 100000 0 0 AMETEK INC NEW COM 031100100 218 5000 SH OTHER 01 5000 0 0 AMGEN INC COM 031162100 576 8050 SH OTHER 01 8050 0 0 ANADARKO PETE CORP COM 032511107 346 7900 SH OTHER 01 7900 0 0 ANNALY CAP MGMT INC COM 035710409 21500 1636200 SH OTHER 1610200 0 26000 ANNALY CAP MGMT INC COM 035710409 40975 3118325 SH OTHER 01 3118325 0 0 APTARGROUP INC COM 038336103 699 13736 SH OTHER 01 13736 0 0 ARES CAP CORP COM 04010L103 19762 1134425 SH OTHER 1125350 0 9075 ARES CAP CORP COM 04010L103 43814 2515161 SH OTHER 01 2515161 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 284 6000 SH OTHER 6000 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 117 2470 SH OTHER 01 2470 0 0 AVERY DENNISON CORP COM 053611109 21390 355500 SH OTHER 349500 0 6000 AVERY DENNISON CORP COM 053611109 48326 803150 SH OTHER 01 803150 0 0 AXCELIS TECHNOLOGIES INC NOTE 4.250% 1/1 054540AB5 1697 1708000 PRN OTHER 01 1708000 0 0 AXCELIS TECHNOLOGIES INC NOTE 4.250% 1/1 054540AB5 10 10000 PRN OTHER 10000 0 0 BASIC ENERGY SVCS INC NEW COM 06985P100 203 8300 SH OTHER 01 8300 0 0 BASIN WTR INC COM 07011T306 410 50000 SH SOLE 50000 0 0 BAUSCH & LOMB INC COM 071707103 27521 548984 SH OTHER 01 548984 0 0 BAUSCH & LOMB INC COM 071707103 15284 304879 SH OTHER 299729 0 5150 BECTON DICKINSON & CO COM 075887109 336 4750 SH OTHER 01 4750 0 0 BERKLEY W R CORP COM 084423102 376 10630 SH OTHER 01 10630 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 479 5 SH SOLE 5 0 0 BORG WARNER INC COM 099724106 217 3800 SH OTHER 01 3800 0 0 BP PLC SPONSORED ADR 055622104 215 3280 SH OTHER 01 3280 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 855 34328 SH OTHER 34328 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 492 19740 SH OTHER 01 19740 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 284 12500 SH OTHER 01 12500 0 0 CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 19534 611400 SH OTHER 01 611400 0 0 CALUMET SPECIALTY PRODS PTNR UT LTD PARTNER 131476103 13190 412825 SH OTHER 407475 0 5350 CANADIAN NAT RES LTD COM 136385101 205 4500 SH OTHER 01 4500 0 0 CARTER INC COM 146229109 10427 395125 SH OTHER 386075 0 9050 CARTER INC COM 146229109 25639 971525 SH OTHER 01 971525 0 0 CBS CORP NEW CL B 124857202 3177 112763 SH OTHER 111776 0 987 CBS CORP NEW CL B 124857202 2382 84571 SH OTHER 01 84571 0 0 CHARLES RIV LABS INTL INC COM 159864107 19306 444725 SH OTHER 434750 0 9975 CHARLES RIV LABS INTL INC COM 159864107 54654 1259025 SH OTHER 01 1259025 0 0 CHART INDS INC COM PAR $0.01 16115Q308 3759 305375 SH OTHER 305375 0 0 CHART INDS INC COM PAR $0.01 16115Q308 9096 738925 SH OTHER 01 738925 0 0 CHARTERMAC SH BEN INT 160908109 200 10000 SH OTHER 01 10000 0 0 CHEVRON CORP NEW COM 166764100 502 7739 SH OTHER 5739 0 2000 CHEVRON CORP NEW COM 166764100 2709 41767 SH OTHER 01 41767 0 0 CITADEL BROADCASTING CORP COM 17285T106 21457 2282675 SH OTHER 01 2282675 0 0 CITADEL BROADCASTING CORP COM 17285T106 8779 933900 SH OTHER 927525 0 6375 CITIGROUP INC COM 172967101 639 12869 SH OTHER 01 12869 0 0 CLOROX CO DEL COM 189054109 599 9500 SH OTHER 01 9500 0 0 COCA COLA CO COM 191216100 545 12190 SH OTHER 01 12190 0 0 COCA COLA CO COM 191216100 383 8580 SH OTHER 5380 0 3200 COMPUTER NETWORK TECHNOLOGY NOTE 3.000% 2/1 204925AC5 5688 5753000 PRN OTHER 01 5753000 0 0 CONEXANT SYSTEMS INC NOTE 4.000% 2/0 207142AF7 469 475000 PRN OTHER 475000 0 0 CONEXANT SYSTEMS INC NOTE 4.000% 2/0 207142AF7 4955 5018000 PRN OTHER 01 5018000 0 0 CONOCOPHILLIPS COM 20825C104 935 15712 SH OTHER 01 15712 0 0 COSTCO WHSL CORP NEW COM 22160K105 21838 439573 SH OTHER 432223 0 7350 COSTCO WHSL CORP NEW COM 22160K105 47826 962675 SH OTHER 01 962675 0 0 COURTSIDE ACQUISITION CORP UNIT 99/99/9999 22274N201 65 11000 SH OTHER 01 11000 0 0 CROWN HOLDINGS INC COM 228368106 69076 3713800 SH OTHER 01 3713800 0 0 CROWN HOLDINGS INC COM 228368106 30717 1651475 SH OTHER 1627350 0 24125 CURAGEN CORP SDCV 6.000% 2/0 23126RAC5 320 325000 PRN OTHER 325000 0 0 CURAGEN CORP SDCV 6.000% 2/0 23126RAC5 6279 6375000 PRN OTHER 01 6375000 0 0 DENTSPLY INTL INC NEW COM 249030107 202 6700 SH OTHER 01 6700 0 0 DEVON ENERGY CORP NEW COM 25179M103 409 6484 SH OTHER 01 6484 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 22529 317132 SH OTHER 311532 0 5600 DIAGEO P L C SPON ADR NEW 25243Q205 42825 602834 SH OTHER 01 602834 0 0 DISNEY WALT CO COM DISNEY 254687106 263 8510 SH OTHER 01 8510 0 0 DONALDSON INC COM 257651109 221 6000 SH OTHER 01 6000 0 0 DOW CHEM CO COM 260543103 45 1150 SH OTHER 1150 0 0 DOW CHEM CO COM 260543103 710 18195 SH OTHER 01 18195 0 0 DURECT CORP COM 266605104 2943 717727 SH OTHER 01 717727 0 0 DURECT CORP COM 266605104 1177 287006 SH OTHER 287006 0 0 DYNEX CAP INC PFD D 9.50% 26817Q605 298 29327 PRN OTHER 01 29327 0 0 DYNEX CAP INC COM NEW 26817Q506 117 17225 SH OTHER 01 17225 0 0 ECHOSTAR COMMUNICATIONS NEW NOTE 5.750% 5/1 278762AG4 6496 6480000 PRN OTHER 01 6480000 0 0 ECHOSTAR COMMUNICATIONS NEW NOTE 5.750% 5/1 278762AG4 2005 2000000 PRN OTHER 2000000 0 0 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 10205 313525 SH OTHER 308125 0 5400 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 28991 890665 SH OTHER 01 890665 0 0 ENERGIZER HLDGS INC COM 29266R108 216 3000 SH OTHER 01 3000 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 22594 844650 SH OTHER 01 844650 0 0 ENTERPRISE PRODS PARTNERS L COM 293792107 16741 625825 SH OTHER 609600 0 16225 EXXON MOBIL CORP COM 30231G102 2874 42825 SH OTHER 42825 0 0 EXXON MOBIL CORP COM 30231G102 4575 68181 SH OTHER 01 68181 0 0 FLOWSERVE CORP COM 34354P105 253 5000 SH OTHER 01 5000 0 0 FPL GROUP INC COM 302571104 16673 370500 SH OTHER 365100 0 5400 FPL GROUP INC COM 302571104 32025 711675 SH OTHER 01 711675 0 0 FRANKLIN RES INC COM 354613101 1058 10000 SH OTHER 01 10000 0 0 GAYLORD ENTMT CO NEW COM 367905106 219 5000 SH OTHER 01 5000 0 0 GENCORP INC COM 368682100 128 10000 SH OTHER 01 10000 0 0 GENERAL ELECTRIC CO COM 369604103 1484 42049 SH OTHER 42049 0 0 GENERAL ELECTRIC CO COM 369604103 3167 89726 SH OTHER 01 89726 0 0 GENWORTH FINL INC COM CL A 37247D106 44942 1283689 SH OTHER 01 1283689 0 0 GENWORTH FINL INC COM CL A 37247D106 21504 614225 SH OTHER 606150 0 8075 GLOBAL SIGNAL INC COM 37944Q103 8349 165050 SH OTHER 01 165050 0 0 GLOBAL SIGNAL INC COM 37944Q103 3981 78700 SH OTHER 78700 0 0 GOL LINHAS AEREAS INTLG S A SP ADR REP PFD 38045R107 203 5900 SH OTHER 01 5900 0 0 GOLDEN WEST FINL CORP DEL COM 381317106 247 3200 SH SOLE 3200 0 0 GREIF INC CL A 397624107 401 5000 SH OTHER 01 5000 0 0 HALLIBURTON CO COM 406216101 114 4000 SH OTHER 4000 0 0 HALLIBURTON CO COM 406216101 421 14804 SH OTHER 01 14804 0 0 HEALTHSOUTH CORP COM 421924101 16270 3280200 SH OTHER 3220800 0 59400 HEALTHSOUTH CORP COM 421924101 35666 7190600 SH OTHER 01 7190600 0 0 HOME DEPOT INC COM 437076102 239 6600 SH OTHER 01 6600 0 0 INCYTE CORP NOTE 5.500% 2/0 45337CAC6 149 150000 PRN OTHER 150000 0 0 INCYTE CORP NOTE 5.500% 2/0 45337CAC6 224 225000 PRN OTHER 01 225000 0 0 INGERSOLL-RAND COMPANY LTD CL A G4776G101 285 7500 SH OTHER 01 7500 0 0 INHALE THERAPEUTIC SYS INC NOTE 5.000% 2/0 457191AF1 1841 1860000 PRN OTHER 01 1860000 0 0 INTEL CORP COM 458140100 418 20329 SH OTHER 01 20329 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 383 4670 SH OTHER 01 4670 0 0 INTERNATIONAL RECTIFIER CORP NOTE 4.250% 7/1 460254AE5 884 895000 PRN OTHER 895000 0 0 INTERNATIONAL RECTIFIER CORP NOTE 4.250% 7/1 460254AE5 4054 4105000 PRN OTHER 01 4105000 0 0 INVITROGEN CORP COM 46185R100 18451 290977 SH OTHER 285652 0 5325 INVITROGEN CORP COM 46185R100 45222 713157 SH OTHER 01 713157 0 0 ITC HLDGS CORP COM 465685105 10202 327000 SH OTHER 325075 0 1925 ITC HLDGS CORP COM 465685105 14480 464100 SH OTHER 01 464100 0 0 JETBLUE AWYS CORP NOTE 3.500% 7/1 477143AB7 338 375000 PRN OTHER 375000 0 0 JETBLUE AWYS CORP NOTE 3.500% 7/1 477143AB7 8687 9625000 PRN OTHER 01 9625000 0 0 JOHNSON & JOHNSON COM 478160104 49436 761250 SH OTHER 01 761250 0 0 JOHNSON & JOHNSON COM 478160104 21767 335190 SH OTHER 329990 0 5200 KIMBERLY CLARK CORP COM 494368103 288 4400 SH OTHER 01 4400 0 0 KINETIC CONCEPTS INC COM NEW 49460W208 37541 1193307 SH OTHER 01 1193307 0 0 KINETIC CONCEPTS INC COM NEW 49460W208 16634 528725 SH OTHER 521800 0 6925 LAMAR ADVERTISING CO CL A 512815101 46791 876075 SH OTHER 01 876075 0 0 LAMAR ADVERTISING CO CL A 512815101 19636 367645 SH OTHER 364145 0 3500 LIBERTY GLOBAL INC COM SER A 530555101 13217 513493 SH OTHER 504458 0 9035 LIBERTY GLOBAL INC COM SER A 530555101 29831 1158930 SH OTHER 01 1158930 0 0 LIBERTY GLOBAL INC COM SER C 530555309 30877 1232116 SH OTHER 01 1232116 0 0 LIBERTY GLOBAL INC COM SER C 530555309 13355 532919 SH OTHER 523884 0 9035 LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 883 43334 SH OTHER 43334 0 0 LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 2080 102077 SH OTHER 01 102077 0 0 LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 724 8665 SH OTHER 8665 0 0 LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 1699 20339 SH OTHER 01 20339 0 0 LILLY ELI & CO COM 532457108 1063 18654 SH OTHER 01 18654 0 0 LILLY ELI & CO COM 532457108 6062 106357 SH OTHER 100357 0 6000 LOEWS CORP COM 540424108 263 6945 SH SOLE 6945 0 0 LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 2099 2110000 PRN OTHER 01 2110000 0 0 LSI LOGIC CORP NOTE 4.000%11/0 502161AG7 224 225000 PRN OTHER 225000 0 0 LUCENT TECHNOLOGIES INC SDCV 8.000% 8/0 549463AK3 60 60000 PRN OTHER 01 60000 0 0 LUCENT TECHNOLOGIES INC SDCV 8.000% 8/0 549463AK3 201 200000 PRN OTHER 200000 0 0 MAGELLAN MIDSTREAM HLDGS LP COM LP INTS 55907R108 12467 554100 SH OTHER 01 554100 0 0 MAGELLAN MIDSTREAM HLDGS LP COM LP INTS 55907R108 4649 206625 SH OTHER 206625 0 0 MAGMA DESIGN AUTOMATION NOTE 5/1 559181AB8 2436 2764000 PRN OTHER 01 2764000 0 0 MANOR CARE INC NEW COM 564055101 42691 816584 SH OTHER 01 816584 0 0 MANOR CARE INC NEW COM 564055101 24937 476989 SH OTHER 473889 0 3100 MENTOR GRAPHICS CORP FRNT 8/0 587200AD8 1428 1400000 PRN OTHER 01 1400000 0 0 MERCK & CO INC COM 589331107 1152 27490 SH OTHER 01 27490 0 0 MERCK & CO INC COM 589331107 801 19119 SH OTHER 19119 0 0 MICROSOFT CORP COM 594918104 1380 50440 SH OTHER 01 50440 0 0 MICROSOFT CORP COM 594918104 441 16126 SH OTHER 16126 0 0 MILLENNIUM PHARMACEUTICALS I NOTE 5.500% 1/1 599902AB9 8748 8781000 PRN OTHER 01 8781000 0 0 MILLENNIUM PHARMACEUTICALS I NOTE 5.500% 1/1 599902AB9 1205 1210000 PRN OTHER 1075000 0 135000 MORGAN STANLEY COM NEW 617446448 237 3249 SH OTHER 01 3249 0 0 NETWORK ENGINES INC COM 64121A107 42 20000 SH OTHER 01 20000 0 0 NORTEL NETWORKS CORP NEW NOTE 4.250% 9/0 656568AB8 3032 3175000 PRN OTHER 01 3175000 0 0 NOVADEL PHARMA INC COM 66986X106 62 47619 SH SOLE 47619 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 289 6000 SH OTHER 01 6000 0 0 PEPSICO INC COM 713448108 3874 59366 SH OTHER 59366 0 0 PEPSICO INC COM 713448108 26860 411588 SH OTHER 01 411588 0 0 PETROCHINA CO LTD SPONSORED ADR 71646E100 215 2000 SH OTHER 01 2000 0 0 PFIZER INC COM 717081103 695 24506 SH OTHER 01 24506 0 0 PIMCO COML MTG SECS TR INC COM 693388100 144 10000 PRN OTHER 01 10000 0 0 PITNEY BOWES INC COM 724479100 24600 554425 SH OTHER 544625 0 9800 PITNEY BOWES INC COM 724479100 52382 1180575 SH OTHER 01 1180575 0 0 POTLATCH CORP NEW COM 737630103 211 5692 SH OTHER 01 5692 0 0 PROCTER & GAMBLE CO COM 742718109 11455 184812 SH OTHER 01 184812 0 0 PROCTER & GAMBLE CO COM 742718109 8051 129900 SH OTHER 115500 0 14400 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 16 10780 SH SOLE 10780 0 0 R H DONNELLEY CORP COM NEW 74955W307 49780 941015 SH OTHER 01 941015 0 0 R H DONNELLEY CORP COM NEW 74955W307 22946 433770 SH OTHER 427685 0 6085 REPUBLIC SVCS INC COM 760759100 14294 355485 SH OTHER 351810 0 3675 REPUBLIC SVCS INC COM 760759100 38160 949025 SH OTHER 01 949025 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 201 3042 SH OTHER 01 3042 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1514 22901 SH OTHER 22901 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 4897 138639 SH OTHER 01 138639 0 0 SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 9196 260355 SH OTHER 252805 0 7550 SCHERING PLOUGH CORP COM 806605101 496 22475 SH OTHER 01 22475 0 0 SCHLUMBERGER LTD COM 806857108 18241 294061 SH OTHER 289986 0 4075 SCHLUMBERGER LTD COM 806857108 47388 763951 SH OTHER 01 763951 0 0 SCI SYS INC NOTE 3.000% 3/1 783890AF3 7468 7620000 PRN OTHER 01 7620000 0 0 SCI SYS INC NOTE 3.000% 3/1 783890AF3 5297 5405000 PRN OTHER 5405000 0 0 SCRIPPS E W CO OHIO CL A 811054204 240 5000 SH OTHER 01 5000 0 0 SEPRACOR INC SDCV 5.000% 2/1 817315AL8 498 500000 PRN OTHER 500000 0 0 SEPRACOR INC SDCV 5.000% 2/1 817315AL8 3483 3500000 PRN OTHER 01 3500000 0 0 SERVICE CORP INTL COM 817565104 43710 4679867 SH OTHER 01 4679867 0 0 SERVICE CORP INTL COM 817565104 18820 2014940 SH OTHER 1978340 0 36600 SFBC INTL INC NOTE 2.250% 8/1 784121AB1 1314 1500000 PRN OTHER 01 1500000 0 0 SLM CORP COM 78442P106 27808 534975 SH OTHER 526950 0 8025 SLM CORP COM 78442P106 58314 1121850 SH OTHER 01 1121850 0 0 SOUTHERN UN CO NEW COM 844030106 27249 1031763 SH OTHER 1015108 0 16655 SOUTHERN UN CO NEW COM 844030106 54297 2055930 SH OTHER 01 2055930 0 0 SUNSET FINANCIAL RESOURCES I COM 867708109 11763 1361425 SH OTHER 01 1361425 0 0 SUNSET FINANCIAL RESOURCES I COM 867708109 1333 154275 SH OTHER 154275 0 0 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 218 8540 SH OTHER 01 8540 0 0 TESORO CORP COM 881609101 290 5000 SH OTHER 01 5000 0 0 THOMAS & BETTS CORP COM 884315102 382 8000 SH OTHER 01 8000 0 0 TREDEGAR CORP COM 894650100 167 10000 SH OTHER 01 10000 0 0 TRIQUINT SEMICONDUCTOR INC NOTE 4.000% 3/0 89674KAB9 2380 2401000 PRN OTHER 01 2401000 0 0 TRIQUINT SEMICONDUCTOR INC NOTE 4.000% 3/0 89674KAB9 15 15000 PRN OTHER 15000 0 0 TRUSTREET PPTYS INC COM 898404108 6906 552000 SH OTHER 552000 0 0 TRUSTREET PPTYS INC COM 898404108 15152 1211175 SH OTHER 01 1211175 0 0 UNITED ONLINE INC COM 911268100 11667 957879 SH OTHER 949479 0 8400 UNITED ONLINE INC COM 911268100 29088 2388134 SH OTHER 01 2388134 0 0 UNITED TECHNOLOGIES CORP COM 913017109 462 7300 SH OTHER 01 7300 0 0 VARIAN MED SYS INC COM 92220P105 427 8000 SH OTHER 01 8000 0 0 VERISIGN INC COM 92343E102 11994 593775 SH OTHER 581475 0 12300 VERISIGN INC COM 92343E102 30083 1489250 SH OTHER 01 1489250 0 0 VIACOM INC NEW CL B 92553P201 2533 68120 SH OTHER 01 68120 0 0 VIACOM INC NEW CL B 92553P201 4111 110561 SH OTHER 109574 0 987 VITAL IMAGES INC COM 92846N104 316 10000 SH OTHER 01 10000 0 0 WALGREEN CO COM 931422109 339 7634 SH OTHER 01 7634 0 0 WALGREEN CO COM 931422109 444 10000 SH OTHER 10000 0 0 WATTS WATER TECHNOLOGIES INC CL A 942749102 238 7500 SH OTHER 01 7500 0 0 WEBSENSE INC COM 947684106 19000 879225 SH OTHER 866825 0 12400 WEBSENSE INC COM 947684106 47501 2198118 SH OTHER 01 2198118 0 0 WELLS FARGO & CO NEW COM 949746101 56 1550 SH OTHER 01 1550 0 0 WELLS FARGO & CO NEW COM 949746101 249 6872 SH OTHER 6872 0 0 WESTWOOD ONE INC COM 961815107 239 33825 SH OTHER 33825 0 0 WESTWOOD ONE INC COM 961815107 192 27040 SH OTHER 01 27040 0 0 WILLIAMS COS INC DEL COM 969457100 334 14000 SH OTHER 01 14000 0 0 WYETH COM 983024100 179 3512 SH OTHER 3512 0 0 WYETH COM 983024100 292 5750 SH OTHER 01 5750 0 0