13F-HR 1 c01216e13fvhr.txt FORM 13F HOLDINGS REPORT 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, 2010 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: WS Capital Management, L.P. Address: 300 Crescent Court, Suite 1111 Dallas, Texas 75201 Form 13F File Number: 28-10349 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: Contact Person: Joseph I. Worsham, II Name: Reid S. Walker Title: Member of WS Capital, L.L.C., general partner of WS Capital Management, L.P. Phone: (214) 756-6056 Signature, Place and Date of Signing: /s/ Reid S. Walker Dallas, Texas May 17, 2010 -------------------------------------- -------------- ------------ (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: 85 Form 13F Information Table Value Total: $772,438 (in 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

GRAFTECH INTL LTD COM 384313102 8,996 658,100 SH SOLE -- 658,100 0 0 GREEN MTN COFFEE ROASTERS IN COM 393122106 1,124 11,600 SH SOLE -- 11,600 0 0 GREIF INC CL A 397624107 32,985 600,600 SH SOLE -- 600,600 0 0 HALOZYME THERAPEUTICS INC COM 40637H109 1,398 175,000 SH SOLE -- 175,000 0 0 HAYNES INTERNATIONAL INC COM NEW 420877201 10,659 300,000 SH SOLE -- 300,000 0 0 HEALTH NET INC COM 42222G108 1,244 50,000 SH SOLE -- 50,000 0 0 HECKMANN CORP COM 422680108 7,598 1,310,000 SH SOLE -- 1,310,000 0 0 HFF INC CL A 40418F108 9,914 1,334,300 SH SOLE -- 1,334,300 0 0 HILLTOP HOLDINGS INC COM 432748101 4,036 343,500 SH SOLE -- 343,500 0 0 HOLLY CORP COM PAR $0.01 435758305 13,707 491,100 SH SOLE -- 491,100 0 0 HURON CONSULTING GROUP INC COM 447462102 1,827 90,000 SH SOLE -- 90,000 0 0 ICO GLOBAL COMM HLDGS LTD DE CL A 44930K108 593 502,617 SH SOLE -- 502,617 0 0 IESI BFC LTD COM 44951D108 7,654 446,300 SH SOLE -- 446,300 0 0 INTERFACE INC CL A 458665106 5,655 488,300 SH SOLE -- 488,300 0 0 ISHARES TR INDEX RUSSELL 2000 464287655 47,460 700,000 SH PUT SOLE -- 700,000 0 0 ITT EDUCATIONAL SERVICES INC COM 45068B109 44,992 400,000 SH PUT SOLE -- 400,000 0 0 KAISER ALUMINUM CORP COM PAR $0.01 483007704 1,813 47,000 SH SOLE -- 47,000 0 0 KHD HUMBOLT WEDAG INTL LTD COM 482462108 2,004 142,600 SH SOLE -- 142,600 0 0 LIBERTY ACQUISITION HLDGS CO COM 53015Y107 4,418 447,200 SH SOLE -- 447,200 0 0 LIBERTY ACQUISITION HLDGS CO *W EXP 12/12/201 53015Y115 262 296,100 SH SOLE -- 296,100 0 0 LIVE NATION ENTERTAINMENT IN COM 538034109 7,758 535,000 SH SOLE -- 535,000 0 0 MADISON SQUARE GARDEN INC CL A 55826P100 2,130 98,000 SH SOLE -- 98,000 0 0 MEDCATH CORP COM 58404W109 9,947 950,000 SH SOLE -- 950,000 0 0 MEDIFAST INC COM 58470H101 3,518 140,000 SH SOLE -- 140,000 0 0 MYRIAD PHARMACEUTICALS INC COM 62856H107 1,627 360,000 SH SOLE -- 360,000 0 0 NCR CORP NEW COM 62886E108 8,792 637,100 SH SOLE -- 637,100 0 0 NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 11,096 1,157,000 SH SOLE -- 1,157,000 0 0 NRG ENERGY INC COM NEW 629377508 2,236 107,000 SH SOLE -- 107,000 0 0 NUVASIVE INC COM 670704105 17,239 381,400 SH SOLE -- 381,400 0 0 OCWEN FINL CORP COM NEW 675746309 1,442 130,000 SH SOLE -- 130,000 0 0 PAETEC HOLDING CORP COM 695459107 2,081 444,600 SH SOLE -- 444,600 0 0 RASER TECHNOLOGIES INC COM 754055101 262 261,512 SH SOLE -- 261,512 0 0 REX ENERGY CORPORATION COM 761565100 3,631 318,800 SH SOLE -- 318,800 0 0 RITCHIE BROS AUCTIONEERS COM 767744105 2,153 100,000 SH PUT SOLE -- 100,000 0 0 SEASPAN CORP SHS Y75638109 10,347 1,031,600 SH SOLE -- 1,031,600 0 0 STEWART INFORMATION SVCS COR COM 860372101 3,312 240,000 SH SOLE -- 240,000 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 5,240 249,300 SH SOLE -- 249,300 0 0 TENET HEALTHCARE CORP COM 88033G100 2,231 390,000 SH SOLE -- 390,000 0 0 TRANSATLANTIC PETROLEUM LTD SHS G89982105 696 200,000 SH SOLE -- 200,000 0 0 TRINITY INDS INC COM 896522109 1,054 52,800 SH SOLE -- 52,800 0 0 VAALCO ENERGY INC COM NEW 91851C201 6,427 1,301,000 SH SOLE -- 1,301,000 0 0 VAIL RESORTS INC COM 91879Q109 2,005 50,000 SH SOLE -- 50,000 0 0 WASTE CONNECTIONS INC COM 941053100 31,248 920,142 SH SOLE -- 920,142 0 0 WHITING PETE CORP NEW COM 966387102 8,448 104,500 SH SOLE -- 104,500 0 0 WHITING PETE CORP NEW COM 966387102 8,084 100,000 SH PUT SOLE -- 100,000 0 0

WS CAPITAL MANAGEMENT LP 13F-HR