13F-HR 1 schedule13f-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: June 30, 2009 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: Eastbourne Capital Management, L.L.C. Address: 1101 Fifth Avenue, Suite 370 San Rafael, CA 94901 Form 13F File Number: 28-05233 The institutional investment manager filing this report and the person by whom it is signed hereby represent 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: Eric M. Sippel, Esq. Title: Chief Operating Officer Phone: 415-448-1200 Signature, Place and Date of Signing: Eric M. Sippel San Rafael, CA August 13, 2009 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: 6 Form 13F Information Table Value Total: 412,322 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.

NAME OF ISSUER TITLE OF CUSIP VALUE SHARES SH/ INV. OTHER VOTING AUTH CLASS X1000 PRN DISC MGR SOLE Amylin Pharmaceuticals, Inc. COMM 032346108 ~~202100~~232,200 17,200,000 SH SOLE 17,200,000 AVI Biopharma, Inc. COMM 002346104 ~~4694~~11,237 7,112,069 SH SOLE 7,112,069 ~~SPDR Gold Trust GOLD SHS 78463V107 99308 1,100,000 SH SOLE 1,100,000~~ General Motors Preferred Convertible Series D SENIOR DEBEN D 370442691 ~~107756~~30,768 1110,~~649~~910,~~320~~643 SH SOLE 1110,~~649~~910,~~320~~643 MGIC Investment Corp. COMM 552848103 ~~26270~~81,400 18,500,000 SH SOLE 18,500,000 ~~Old Republic International Corp. COMM 680223104 81150 7,500,000 SH SOLE 7,500,000~~ Pain Therapeutics, Inc. COMM 69562K100 ~~42319~~45,263 108,~~075~~428,~~874~~897 SH SOLE 108,~~075~~428,~~874~~897 ~~Sandisk Corp. COMM 80004C101 9832 777,270 SH SOLE 777,270~~ Telik, Inc. COMM 87959M109 ~~5794~~11,454 13,475,000 SH SOLE 13,475,000

11/08 EDGAR FILING Form 13F

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