13F-HR 1 lane5_13f12312011.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 ------------------ 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: Lane Five Capital Management LP ---------------------------------- Address: 1122 Kenilworth Drive, Suite 313 ---------------------------------- Towson, MD 21204 ---------------------------------- Form 13F File Number: 028-12834 ------------------ 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: Scott J. Liotta ---------------------------------- Title: Chief Financial Officer ---------------------------------- Phone: 443-921-2060 ---------------------------------- Signature, Place, and Date of Signing: /s/ Scott J. Liotta Towson, Maryland February 9, 2012 ---------------------- ------------------------ ------------------ [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: 0 ----------------- Form 13F Information Table Entry Total: 28 ----------------- Form 13F Information Table Value Total: 92,861 ----------------- (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. NONE. FORM 13F INFORMATION TABLE AS OF December 31, 2011

SHARES/ TITLE VALUE PRN SH/ PUT/ INVESMENT OTHER VOTING AUTHORITY DESCRIPTION OF CLASS CUSIP X1000 AMOUNT PRN CALL DISCRETION MANAGERS SOLE SHARES NONE ----------- -------- ----- ------ ------ --- ---- ---------- -------- ---- ------ ---- Ambassadors Group Inc. Common 023177108 5,362 1,189,000 SH SOLE No 1,189,000 American Public Education, Inc. Common 02913V103 4,033 93,194 SH SOLE No 93,194 Apollo Group Inc-Cl A Common 037604105 2,945 54,671 SH SOLE No 54,671 Berkshire Hills Bancorp Inc Common 084680107 1,498 67,494 SH SOLE No 67,494 Bridgepoint Education Inc. Common 10807M105 3,283 142,740 SH SOLE No 142,740 Capitol Fed Financing Inc. Common 14057J101 2,601 225,364 SH SOLE No 225,364 Corinthian Colleges Inc. Common 218868107 4,384 2,020,090 SH SOLE No 2,020,090 DeVry Inc. Common 251893103 3,680 95,685 SH SOLE No 95,685 DirecTV Common 25490A101 2,498 58,420 SH SOLE No 58,420 Healthsouth Corp Common-New 421924309 4,926 278,787 SH SOLE No 278,787 Iberiabank Corp Common 450828108 2,123 43,060 SH SOLE No 43,060 ITT Educational Services Inc. Common 45068B109 2,211 38,850 SH SOLE No 38,850 Learning Tree International Inc. Common 522015106 4,976 726,378 SH SOLE No 726,378 Markel Corp Common 570535104 4,146 10,000 SH SOLE No 10,000 Market Leader, Inc. Common 57056R103 2,902 1,055,222 SH SOLE No 1,055,222 Mastercard Inc. Common 57636Q104 4,590 12,312 SH SOLE No 12,312 Medcath Corporation Common 58404W109 3,356 460,367 SH SOLE No 460,367 Monotype Imaging Holdings Inc Common 61022P100 4,562 292,607 SH SOLE No 292,607 Oceanfirst Financial Corp. Common 675234108 599 45,800 SH SOLE No 45,800 Progessive Waste Solutions Inc. Common 74339G101 2,249 114,846 SH SOLE No 114,846 Quicksilver Inc. Common 74838C106 4,062 1,125,127 SH SOLE No 1,125,127 Republic Services Inc. Common 760759100 2,617 94,984 SH SOLE No 94,984 SBA Communications Corp Cl A Common 78388J106 3,718 86,546 SH SOLE No 86,546 SI Financial Group Inc. Common 78425V104 282 28,601 SH SOLE No 28,601 Skechers USA Inc. Common 830566105 4,102 338,460 SH SOLE No 338,460 TIVO Inc. Common 888706108 1,356 151,100 SH SOLE No 151,100 Williams Controls Inc. Common-New 969465608 7,380 667,325 SH SOLE No 667,325 Yahoo! Inc. Common 984332106 2,420 150,000 SH SOLE No 150,000 92,861 9,667,030 9,667,030