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: March 31, 2013 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 5/14/13 -------------------- ------------- -------- [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: 107 --- Form 13F Information Table Value Total: $763,019 -------- (thousands) List of Other Included Managers: 1 MFP Investors LLC 5

NAME TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER SHRS OR OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS PRN AMT SHARED NONE ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Prothena Corp PLC SHS G72800108 145 21,746 SH DEFINED 1 21,746 ------------------------- -------- --------- -------- -------- --- ---- ---------- -------- --------- ------ ---- ALCO Stores Inc. COM 001600105 1,988 264,919 SH DEFINED 1 264,919 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Alleghany Corp. COM 017175100 34,858 88,044 SH DEFINED 1 88,044 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Allscripts Healthcare Solutn COM 01988P108 6,489 477,500 SH DEFINED 1 477,500 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- American River Bankshares COM 029326105 1,915 255,000 SH DEFINED 1 255,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- BRT Realty Trust SH BEN INT NEW 055645303 1,182 168,369 SH DEFINED 1 168,369 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- The Bancorp Bank COM 05969F104 4,155 300,000 SH DEFINED 1 300,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Bank of America Corporation COM 060505104 1,730 142,027 SH SOLE 142,027 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Barnes & Noble Inc. COM 067774109 9,541 580,000 SH DEFINED 1 580,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Becton, Dickinson & Co. COM 075887109 23,185 242,500 SH DEFINED 1 242,500 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Big 5 Sporting Goods Corp. COM 08915P101 5,517 353,414 SH DEFINED 1 353,414 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Blount International, Inc. COM 095180105 4,165 311,300 SH DEFINED 1 311,300 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Boeing Co. COM 097023105 1,717 20,000 SH SOLE 20,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Boston Scientific Corp. COM 101137107 13,277 1,700,000 SH DEFINED 1 1,700,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Bridgepoint Ed Inc. COM 10807M105 2,807 274,390 SH DEFINED 1 274,390 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- CIT Group Inc. COM NEW 125581801 15,544 357,500 SH DEFINED 1 357,500 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- CNO Financial Group Inc. COM 12621E103 10 894 SH SOLE 894 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Cache, Inc. COM NEW 127150308 9,300 2,203,749 SH DEFINED 1 2,203,749 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Cape Bancorp Inc. COM 139209100 2,374 259,200 SH DEFINED 1 259,200 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Castle A M & Co. COM 148411101 7,172 409,803 SH DEFINED 1 409,803 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Citigroup Inc. COM NEW 172967424 30,526 690,000 SH DEFINED 1 690,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Citigroup Inc. COM NEW 172967424 4,930 111,454 SH SOLE 111,454 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Clearwater Paper Corp. COM 18538R103 3,727 70,739 SH DEFINED 1 70,739 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Clifton Savings Bancorp, Inc. COM 18712Q103 623 50,000 SH DEFINED 1 50,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Courier Corporation COM 222660102 504 35,000 SH DEFINED 1 35,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Crocs, Inc. COM 227046109 1,778 120,000 SH DEFINED 1 120,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Cubist Pharmaceuticals Inc. COM 229678107 8,545 182,500 SH DEFINED 1 182,500 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- ERA Group, Inc. COM 26885G109 231 11,000 SH DEFINED 1 11,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Education Management Corp COM 28140M103 620 168,859 SH DEFINED 1 168,859 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Elan plc ADR 284131208 12,980 1,100,000 SH DEFINED 1 1,100,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Energy Solutions Inc COM 292756202 3,750 1,000,000 SH DEFINED 1 1,000,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Enzon Pharmaceuticals Inc. COM 293904108 2,843 748,800 SH DEFINED 1 748,800 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Exxon Mobil Corp. COM 30231G102 1,081 12,000 SH SOLE 12,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- FXCM Inc COM CL A 302693106 29,479 2,154,911 SH DEFINED 1 2,154,911 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Farmer Bros Co. COM 307675108 5,370 365,300 SH DEFINED 1 365,300 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Farmer Bros Co. COM 307675108 41 2,800 SH SOLE 2,800 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Forest City Enterprises Inc. CL A 345550107 17,770 1,000,000 SH DEFINED 1 1,000,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Franklin Financial Corp VA COM 35353C102 13,027 713,798 SH DEFINED 1 713,798 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- GAMCO Investors Inc. COM 361438104 3,718 70,000 SH DEFINED 1 70,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Gencorp Inc. COM 368682100 9,829 739,000 SH DEFINED 1 739,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Gencorp Inc. COM 368682100 330 24,794 SH SOLE 24,794 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- General Electric Co. COM 369604103 1,734 75,000 SH SOLE 75,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Getty Realty Corp. COM 374297109 1,267 62,701 SH DEFINED 1 62,701 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Getty Realty Corp. COM 374297109 732 36,218 SH SOLE 36,218 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Goldman Sachs Group Inc. COM 38141G104 5,886 40,000 SH DEFINED 1 40,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Great Florida Bk Miami Lakes Fla CL A 390528107 10 28,469 SH SOLE 28,469 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- GulfMark Offshore, Inc. CL A NEW 402629208 24,054 617,400 SH DEFINED 1 617,400 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Gyrodyne Co. America Inc. COM 403820103 3,021 41,100 SH DEFINED 1 41,100 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Gyrodyne Co. America Inc. COM 403820103 449 6,110 SH SOLE 6,110 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Hardinge, Inc. COM 412324303 4,907 360,000 SH DEFINED 1 360,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Harris Corp Del COM 413875105 15,061 325,000 SH DEFINED 1 325,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Heritage Commerce Corp. COM 426927109 5,968 886,900 SH DEFINED 1 886,900 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Heritage Oaks Bancorp COM 42724R107 6,649 1,166,575 SH DEFINED 1 1,166,575 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Hess Corporation COM 42809H107 28,644 400,000 SH DEFINED 1 400,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Hess Corporation COM 42809H107 10,742 150,000 SH SOLE 150,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Hilltop Holdings, Inc. COM 432748101 4,015 297,600 SH DEFINED 1 297,600 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- HomeTrust Bancshares, Inc. COM 437872104 8,697 550,470 SH DEFINED 1 550,470 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Hospira Inc. COM 441060100 13,132 400,000 SH DEFINED 1 400,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- UNIT BEN Hugoton RTY TR TEX INT 444717102 327 35,000 SH SOLE 35,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Huntsman Corp. COM 447011107 1,394 75,000 SH DEFINED 1 75,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Icahn Enterprises L.P. DEP UNIT 451100101 9,539 175,000 SH DEFINED 1 175,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Imation Corp COM 45245A107 1,421 371,927 SH DEFINED 1 371,927 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Intel Corp. COM 458140100 10,918 500,000 SH DEFINED 1 500,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Intel Corp. COM 458140100 28,604 1,310,000 SH SOLE 1,310,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Investors Bancorp Inc. COM 46146P102 1,878 100,000 SH DEFINED 1 100,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Johnson & Johnson COM 478160104 3,669 45,000 SH SOLE 45,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Johnson Outdoors Inc. CL A 479167108 5,169 216,809 SH DEFINED 1 216,809 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Kaiser Aluminum COM PAR Corp. $0.01 483007704 19,654 304,002 SH DEFINED 1 304,002 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Kemper Corp. Del COM 488401100 978 30,000 SH DEFINED 1 30,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Kemper Corp. Del COM 488401100 326 10,000 SH SOLE 10,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- MVC Capital Inc. COM 553829102 1,981 154,800 SH DEFINED 1 154,800 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- MVC Capital Inc. COM 553829102 133 10,400 SH SOLE 10,400 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- McGraw Hill Companies Inc. COM 580645109 26,431 507,500 SH DEFINED 1 507,500 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Mercer International Inc. COM 588056101 361 52,200 SH DEFINED 1 52,200 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- National Presto Industries, Inc. COM 637215104 7,802 96,924 SH DEFINED 1 96,924 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Northeast Bancorp COM NEW 663904209 2,707 286,800 SH DEFINED 1 286,800 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Northfield Bancorp Inc COM 66611T105 6,816 600,000 SH DEFINED 1 600,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Old Republic Intl Corp. COM 680223104 268 21,093 SH SOLE 21,093 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- OmniAmerican Bancorp Inc COM 68216R107 7,584 300,000 SH DEFINED 1 300,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- One Liberty Properties Inc COM 682406103 1,643 75,657 SH DEFINED 1 75,657 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- One Liberty Properties Inc COM 682406103 1,005 46,276 SH SOLE 46,276 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- PLX Technology Inc. COM 693417107 3,362 737,302 SH DEFINED 1 737,302 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Penford Corp. COM 707051108 1,518 138,365 SH DEFINED 1 138,365 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Penny JC Inc. COM 708160106 11,408 755,000 SH DEFINED 1 755,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Pfizer Inc. COM 717081103 11,255 390,000 SH DEFINED 1 390,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Pfizer Inc. COM 717081103 5,833 202,100 SH SOLE 202,100 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Prudential Bancorp Inc. PA COM 744319104 873 95,200 SH DEFINED 1 95,200 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Quanex Building Products COM 747619104 1,087 67,500 SH DEFINED 1 67,500 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Resolute Forest Products Inc. COM 76117W109 7,728 477,631 SH DEFINED 1 477,631 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Royal Dutch Spon Shell PLC ADR A 780259206 976 14,979 SH SOLE 14,979 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Ruths Hospitality Group Inc. COM 783332109 20,747 2,174,783 SH DEFINED 1 2,174,783 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Ruths Hospitality Group Inc. COM 783332109 176 18,484 SH SOLE 18,484 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Safeguard COM Scientifics, Inc. NEW 786449207 877 55,508 SH SOLE 55,508 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- SandRidge Energy, Inc. COM 80007P307 2,635 500,000 SH DEFINED 1 500,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Sanofi RIGHT 12/31/2020 80105N113 7,159 4,000,000 SH DEFINED 1 4,000,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Seacor Holdings Inc. COM 811904101 1,710 23,207 SH DEFINED 1 23,207 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Smithfield Foods Inc. COM 832248108 4,345 164,100 SH DEFINED 1 164,100 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Symetra Financial Corp. COM 87151Q106 13,300 991,800 SH DEFINED 1 991,800 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Symetra Financial Corp. COM 87151Q106 6,504 485,000 SH SOLE 485,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Tejon Ranch Co. COM 879080109 15,542 521,900 SH DEFINED 1 521,900 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Teva Pharmaceutical Inds Ltd. ADR 881624209 13,888 350,000 SH DEFINED 1 350,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Ubiquiti Networks, Inc. COM 90347A100 99 7,235 SH SOLE 7,235 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- United Financial Bancorp, Inc. COM 91030T109 751 49,400 SH DEFINED 1 49,400 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Valassis Communications, Inc. COM 918866104 1,494 50,000 SH DEFINED 1 50,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- West Coast Bancorp Ore. New COM 952145100 41,446 1,707,000 SH DEFINED 1 1,707,000 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Wright Medical Group Inc. COM 98235T107 9,661 405,758 SH DEFINED 1 405,758 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ---- Yadkin Valley Financial Corp COM 984314104 4,296 1,071,420 SH DEFINED 1 1,071,420 ------------------------- -------- --------- -------- -------- --- ---- ---------- --------- --------- ------ ----