13F-HR 1 a200812-13f_hr.txt 1: 1 a200812_13f-hr.text 5: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for Calendar Year of Quarter Ended: December 31 2008 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entities Institutional Manager Filing this Report: Name: Force Capital Management, LLC Address: 595 Madison Avenue 19th Floor New York, NY 10022 13F File Number: 028-11176 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: Steven Fuchs Title: Chief Financial Officer Phone: (212) 451-9161 Signature, Place and Date of Signing: /s/ Steven Fuchs New York, New York 01/16/2009 ---------------- ------------------ -------- [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 managers(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 managers(s).) List of Other Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 24 Form 13F Information Table Value Total: $379,804 (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. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE

Force Capital Management, LLC Form 13F Information Table December 31 2008 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 Column 5 Column 6 Column 7 Column 8 TITLE OF VALUE SHRS OR SH/ INVESTOR OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x1000) PRN AMT PRN DISCRETION MGRS SOLE SHARED -------------- ----- ----- ------- --------- --- ---------- ---- ----------------- CITADEL BROADCASTING CORP COM 17285T106 158 985,800 SH SOLE NONE 985,800 0 CITIGROUP INC COM 172967101 3,959 590,000 SH SOLE NONE 590,000 0 COPART INC COM 217204106 4,828 177,550 SH SOLE NONE 177,550 0 CROWN CASTLE INTL CORP COM 228227104 4,905 278,984 SH SOLE NONE 278,984 0 EAGLE MATERIALS INC COM 26969P108 3,595 195,300 SH SOLE NONE 195,300 0 GENERAL GROWTH PROP INC COM 370021107 1,252 970,500 SH SOLE NONE 970,500 0 J B HUNT TRANS SVCS INC COM 445658107 3,914 149,000 SH SOLE NONE 149,000 0 LAMAR ADVERTISING CO COM CL A 512815101 1,127 89,760 SH SOLE NONE 89,760 0 MASTERCARD INC COM CL A 57636Q104 3,645 25,500 SH SOLE NONE 25,500 0 MBIA INC COM 55262C100 873 214,500 SH SOLE NONE 214,500 0 NYSE EURONEXT INC COM 629491101 1,848 67,500 SH SOLE NONE 67,500 0 SEARS HOLDINGS CORPORATION COM 812350106 3,012 77,500 SH SOLE NONE 77,500 0 SPORTS PROPERTIES ACQ CORP WRNT 84920F115 45 447,051 SH SOLE NONE 447,051 0 STARWOOD HOTELS & RESORTS COM 85590A401 1,620 90,500 SH SOLE NONE 90,500 0 TCF FINANCIAL CORP MINN COM 872275102 546 40,000 SH SOLE NONE 40,000 0 TIFFANY & CO COM 886547108 1,165 49,300 SH SOLE NONE 49,300 0 UNION PACIFIC CORP COM 907818108 3,985 83,374 SH SOLE NONE 83,374 0 UNITED CAPITAL CORP COM 909912107 4,074 224,576 SH SOLE NONE 224,576 0 WELLS FARGO & CO COM 949746101 4,054 137,500 SH SOLE NONE 137,500 0 WYNDHAM WORLDWIDE CORP COM 98310W108 1,670 255,000 SH SOLE NONE 255,000 0 Options CITIGROUP INC COM 172967101 3,691 550,000 SH CALL SOLE NONE 550,000 0 LAMAR ADVERTISING CO COM CL A 512815101 16,896 1,345,200 SH CALL SOLE NONE 1,345,200 0 MARTIN MARIETTA MATERIALS COM 573284106 20,474 210,900 SH CALL SOLE NONE 210,900 0 NATIONAL CITY CORP COM 635405103 849 449,100 SH CALL SOLE NONE 449,100 0 SEARS HOLDINGS CORPORATION CoM 812350106 261,868 6,737,000 SH CALL SOLE NONE 6,737,000 0 UNION PACIFIC CORP COM 907818108 8,843 185,000 SH CALL SOLE NONE 185,000 0 PROSHARES ULTRA FINANCIALS ETF 74347R743 905 150,000 SH CALL SOLE NONE 150,000 0 VULCAN MATERIALS CO COM 929160109 16,003 230,000 SH CALL SOLE NONE 230,000 0

05120.0001 #200812