13F-HR 1 form13f-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: December 31, 2012 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: Michael F. Price Address: c/o MFP Investors LLC 667 Madison Ave. 25th Floor New York, New York 10065 13F File Number: 28-13081 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: Michael F. Price Title: Investment Manager Phone: (212) 752-7280 Signature, Place, and Date of Signing: /s/ Michael F. Price New York, NY 2/14/13 -------------------- ------------- ------- [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: 117 --- Form 13F Information Table Value Total: $704,933 ----------- (thousands) List of Other Included Managers: 1 MFP Investors LLC

INVEST- MENT OTHER VOTING AUTHORITY TITLE OF VALUE SHRS OR SH/ PUT/ DISCRE- MANA- ---------------------------- NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL TION GERS SOLE SHARED NONE ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- TYCO International Ltd. SHS H89128104 914 31,250 SH SOLE 31,250 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- ALCO Stores Inc. COM 001600105 2,494 264,919 SH DEFINED 1 264,919 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Alleghany Corp. COM 017175100 29,532 88,044 SH DEFINED 1 88,044 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Allscripts Healthcare Solutn COM 01988P108 4,498 477,500 SH DEFINED 1 477,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- American River Bankshares COM 029326105 1,762 255,000 SH DEFINED 1 255,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- SH BEN BRT Realty Trust INT NEW 055645303 1,094 168,369 SH DEFINED 1 168,369 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- The Bancorp Bank COM 05969F104 3,291 300,000 SH DEFINED 1 300,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Bank of America Corporation COM 060505104 1,649 142,027 SH SOLE 142,027 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Barnes & Noble Inc. COM 067774109 12,223 810,000 SH DEFINED 1 810,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Becton, Dickinson & Co. COM 075887109 18,961 242,500 SH DEFINED 1 242,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Big 5 Sporting Goods Corp. COM 08915P101 4,630 353,414 SH DEFINED 1 353,414 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Boeing Co. COM 097023105 1,507 20,000 SH SOLE 20,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Boston Scientific Corp. COM 101137107 9,741 1,700,000 SH DEFINED 1 1,700,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Bridgepoint Ed Inc. COM 10807M105 2,826 274,390 SH DEFINED 1 274,390 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- CIT Group Inc. COM NEW 125581801 13,814 357,500 SH DEFINED 1 357,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- CNO Financial Group Inc. COM 12621E103 8 894 SH SOLE 894 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Cache, Inc. COM NEW 127150308 5,333 2,203,749 SH DEFINED 1 2,203,749 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Cape Bancorp Inc. COM 139209100 2,252 259,200 SH DEFINED 1 259,200 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Castle A M & Co. COM 148411101 6,053 409,803 SH DEFINED 1 409,803 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Citigroup Inc. COM NEW 172967424 27,296 690,000 SH DEFINED 1 690,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Citigroup Inc. COM NEW 172967424 4,409 111,454 SH SOLE 111,454 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Clearwater Paper Corp. COM 18538R103 2,770 70,739 SH DEFINED 1 70,739 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Clifton Savings Bancorp, Inc. COM 18712Q103 564 50,000 SH DEFINED 1 50,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Colfax Corp. COM 194014106 4,842 120,000 SH DEFINED 1 120,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- ConocoPhillips COM 20825C104 13,889 239,500 SH DEFINED 1 239,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- ConocoPhillips COM 20825C104 6,205 107,000 SH SOLE 107,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Cott Corp Que COM 22163N106 6,424 800,000 SH DEFINED 1 800,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Cott Corp Que COM 22163N106 1,835 228,545 SH SOLE 228,545 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Courier Corporation COM 222660102 385 35,000 SH DEFINED 1 35,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Crocs, Inc. COM 227046109 1,727 120,000 SH DEFINED 1 120,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Cubist Pharmaceuticals Inc. COM 229678107 7,674 182,500 SH DEFINED 1 182,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Education Management Corp COM 28140M103 775 177,000 SH DEFINED 1 177,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Elan plc ADR 284131208 9,189 900,000 SH DEFINED 1 900,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Enzon Pharmaceuticals Inc. COM 293904108 3,317 748,800 SH DEFINED 1 748,800 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Exelis Inc COM 30162A108 1,161 103,000 SH SOLE 103,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Exxon Mobil Corp. COM 30231G102 1,039 12,000 SH SOLE 12,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- FXCM Inc COM CL A 302693106 21,700 2,154,911 SH DEFINED 1 2,154,911 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Farmer Bros Co. COM 307675108 5,271 365,300 SH DEFINED 1 365,300 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Farmer Bros Co. COM 307675108 40 2,800 SH SOLE 2,800 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Forest City Enterprises Inc. CL A 345550107 16,150 1,000,000 SH DEFINED 1 1,000,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Franklin Financial Corp VA COM 35353C102 11,835 713,798 SH DEFINED 1 713,798 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- GAMCO Investors Inc. COM 361438104 3,826 72,086 SH DEFINED 1 72,086 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Gencorp Inc. COM 368682100 6,762 739,000 SH DEFINED 1 739,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Gencorp Inc. COM 368682100 227 24,794 SH SOLE 24,794 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- General Electric Co. COM 369604103 1,574 75,000 SH SOLE 75,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Getty Realty Corp. COM 374297109 634 35,100 SH DEFINED 1 35,100 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Getty Realty Corp. COM 374297109 654 36,218 SH SOLE 36,218 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Goldman Sachs Group Inc. COM 38141G104 5,102 40,000 SH DEFINED 1 40,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Great Florida Bk Miami Lakes Fla CL A 390528107 8 28,469 SH SOLE 28,469 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- GulfMark Offshore, Inc. CL A NEW 402629208 21,269 617,400 SH DEFINED 1 617,400 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Gyrodyne Co. America Inc. COM 403820103 2,962 41,100 SH DEFINED 1 41,100 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Gyrodyne Co. America Inc. COM 403820103 440 6,110 SH SOLE 6,110 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Hardinge, Inc. COM 412324303 3,578 360,000 SH DEFINED 1 360,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Harris Corp Del COM 413875105 15,912 325,000 SH DEFINED 1 325,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Heritage Commerce Corp. COM 426927109 8,787 1,258,900 SH DEFINED 1 1,258,900 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Heritage Oaks Bancorp COM 42724R107 6,766 1,166,575 SH DEFINED 1 1,166,575 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Hilltop Holdings, Inc. COM 432748101 4,030 297,600 SH DEFINED 1 297,600 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- HomeTrust Bancshares, Inc. COM 437872104 7,437 550,470 SH DEFINED 1 550,470 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Hospira Inc. COM 441060100 7,732 247,500 SH DEFINED 1 247,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Hudson City Bancorp COM 443683107 1,138 140,000 SH DEFINED 1 140,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- UNIT BEN Hugoton RTY TR TEX INT 444717102 256 35,000 SH SOLE 35,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Huntsman Corp. COM 447011107 4,770 300,000 SH DEFINED 1 300,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- ITT Corp New COM NEW 450911201 4,834 206,050 SH DEFINED 1 206,050 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- ITT Corp New COM NEW 450911201 1,208 51,500 SH SOLE 51,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Imation Corp COM 45245A107 2,233 658,693 SH DEFINED 1 658,693 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Intel Corp. COM 458140100 10,310 500,000 SH DEFINED 1 500,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Intel Corp. COM 458140100 24,950 1,210,000 SH SOLE 1,210,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Investors Bancorp Inc. COM 46146P102 1,778 100,000 SH DEFINED 1 100,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Johnson & Johnson COM 478160104 3,155 45,000 SH SOLE 45,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Johnson Outdoors Inc. CL A 479167108 7,068 354,821 SH DEFINED 1 354,821 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- COM PAR Kaiser Aluminum Corp. $0.01 483007704 18,754 304,002 SH DEFINED 1 304,002 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Kemper Corp. Del COM 488401100 1,534 52,000 SH DEFINED 1 52,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Kemper Corp. Del COM 488401100 295 10,000 SH SOLE 10,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- MVC Capital Inc. COM 553829102 1,881 154,800 SH DEFINED 1 154,800 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- MVC Capital Inc. COM 553829102 122 10,000 SH SOLE 10,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- McGraw Hill Companies Inc. COM 580645109 27,745 507,500 SH DEFINED 1 507,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Mercer International Inc. COM 588056101 374 52,200 SH DEFINED 1 52,200 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- MIPS Technologies, Inc. COM 604567107 8,812 1,129,800 SH DEFINED 1 1,129,800 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- National Presto Industries, Inc. COM 637215104 6,697 96,924 SH DEFINED 1 96,924 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Nexen Inc. COM 65334H102 5,388 200,000 SH DEFINED 1 200,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Northeast Bancorp COM NEW 663904209 2,623 286,800 SH DEFINED 1 286,800 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Old Republic Intl Corp. COM 680223104 225 21,093 SH SOLE 21,093 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- OmniAmerican Bancorp Inc COM 68216R107 6,939 300,000 SH DEFINED 1 300,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- One Liberty Properties Inc COM 682406103 2,224 109,600 SH DEFINED 1 109,600 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- One Liberty Properties Inc COM 682406103 939 46,276 SH SOLE 46,276 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Outdoor Channel Holdings, Inc. COM NEW 690027206 228 30,000 SH DEFINED 1 30,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- PLX Technology Inc. COM 693417107 3,001 826,600 SH DEFINED 1 826,600 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Penford Corp. COM 707051108 1,017 138,365 SH DEFINED 1 138,365 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Penny JC Inc. COM 708160106 15,768 800,000 SH DEFINED 1 800,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- People's United Financial Inc. COM 712704105 3,748 310,000 SH DEFINED 1 310,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Pfizer Inc. COM 717081103 11,411 455,000 SH DEFINED 1 455,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Pfizer Inc. COM 717081103 5,068 202,100 SH SOLE 202,100 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Phillips 66 COM 718546104 2,841 53,500 SH SOLE 53,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Prudential Bancorp Inc. PA COM 744319104 673 95,200 SH DEFINED 1 95,200 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Quanex Building Products COM 747619104 1,378 67,500 SH DEFINED 1 67,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Resolute Forest Products Inc. COM 76117W109 6,324 477,631 SH DEFINED 1 477,631 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Royal Dutch Shell PLC Spon ADR A 780259206 1,033 14,979 SH SOLE 14,979 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Ruths Hospitality Group Inc. COM 783332109 15,810 2,174,783 SH DEFINED 1 2,174,783 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Ruths Hospitality Group Inc. COM 783332109 134 18,484 SH SOLE 18,484 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Safeguard Scientifics, Inc. COM NEW 786449207 789 53,497 SH DEFINED 1 53,497 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Safeguard Scientifics, Inc. COM NEW 786449207 819 55,509 SH SOLE 55,509 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- SandRidge Energy, Inc. COM 80007P307 1,905 300,000 SH DEFINED 1 300,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- RIGHT Sanofi 12/31/2020 80105N113 6,800 4,000,000 SH DEFINED 1 4,000,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- SeaChange Intl Inc. COM 811699107 2,437 252,000 SH DEFINED 1 252,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Seacor Holdings Inc. COM 811904101 922 11,000 SH DEFINED 1 11,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- CL A SUB Smart Technologies Inc VTG 83172R108 1,029 651,200 SH DEFINED 1 651,200 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Symetra Financial Corp. COM 87151Q106 16,939 1,305,000 SH DEFINED 1 1,305,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Symetra Financial Corp. COM 87151Q106 6,295 485,000 SH SOLE 485,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Tejon Ranch Co. COM 879080109 14,655 521,900 SH DEFINED 1 521,900 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Teva Pharmaceutical Inds Ltd. ADR 881624209 13,069 350,000 SH DEFINED 1 350,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Textron Inc. COM 883203101 186 7,500 SH DEFINED 1 7,500 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Ubiquiti Networks, Inc. COM 90347A100 88 7,235 SH SOLE 7,235 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Valassis Communications, Inc. COM 918866104 1,289 50,000 SH DEFINED 1 50,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- West Coast Bancorp Ore. New COM 952145100 37,810 1,707,000 SH DEFINED 1 1,707,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Wright Medical Group Inc. COM 98235T107 10,495 500,000 SH DEFINED 1 500,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Xylem Inc. COM 98419M100 2,791 103,000 SH SOLE 103,000 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ---- Yadkin Valley Financial Corp COM 984314104 3,150 1,071,420 SH DEFINED 1 1,071,420 ------------------------------ ---------- --------- -------- --------- --- ---- ------- ----- -------------- ------ ----