Dark
Light
System
Institutional Investment Manager
WATER ISLAND CAPITAL LLC
WATER ISLAND CAPITAL LLC (CIK: 0001222765) incorporated in Delaware, located at 104 5th Avenue, New York, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q3)
Original 13F HR (0001140361-14-040829) filed in 2014.11.10
#
Name
Shares
Value ($)
%
Options
Notes
1 Foster Wheeler Ag 4,821,814 152,465,759 5.05%
2 TW TELECOM INC 3,516,084 146,304,255 4.84%
3 American Realty Capital Health 12,836,287 134,524,288 4.45%
4 Safeway Inc - Safeway PDC LLC CVR 3,914,835 134,278,841 4.45%
5 PROTECTIVE LIFE CO 1,820,872 126,386,726 4.18%
6 URS CORP 2,191,831 126,271,384 4.18%
7 DirectTV Com 1,458,012 126,147,198 4.18%
8 Shire PLC 447,671 115,969,173 3.84%
9 Family Dollar Stores Inc 1,455,604 112,430,853 3.72%
10 PEPCO HOLDINGS INC 3,858,269 103,247,278 3.42%
11 COVIDIEN PLC 1,182,185 102,270,824 3.39%
12 TRIQUINT SEMICONDU 5,352,202 102,066,492 3.38%
13 CONCUR TECHNOLOGIE 628,115 79,657,544 2.64%
14 ROCKWOOD HOLDINGS INC 934,712 71,458,732 2.37%
15 ATHLON ENERGY INC 1,216,204 70,819,559 2.34%
16 BCE INC COM NEW 1,652,881 70,678,596 2.34%
17 TRW AUTOMOTIVE HLDGS CORP 656,661 66,486,926 2.20%
18 TIME WARNER CABLE 423,383 60,751,227 2.01%
19 Integrys Energy Group Inc 909,491 58,953,207 1.95%
20 TIM HORTONS INC COM 608,852 47,943,799 1.59%
21 COMPUWARE CORP 4,489,830 47,637,096 1.58%
22 Tibco Software 1,975,770 46,687,445 1.55%
23 Annies Inc. 973,140 44,667,126 1.48%
24 DRESSER-RAND GROUP INC 533,687 43,901,093 1.45%
25 Sigma-Aldrich 309,446 42,087,750 1.39%
26 Allergan plc 182,300 32,484,037 1.08%
27 GLIMCHER RLTY TR 2,338,754 31,666,729 1.05%
28 CONVERSANT INC 922,215 31,585,864 1.05%
29 Kinder Morgan Inc 589,800 22,612,932 0.75%
30 MOVE INC COM NEW 908,765 19,047,714 0.63%
31 CONSOL ENERGY INC COM 439,983 16,657,756 0.55%
32 Kinder Morgan Inc. 173,662 16,199,191 0.54%
33 HUDSON CITY BANCORP INC 1,660,436 16,139,438 0.53%
34 El Paso Partners Pipeline 399,223 16,032,796 0.53%
35 KINDER MORGAN MANAGEMENT LLC 169,670 15,974,431 0.53%
36 Gen Motors Co 485,972 15,521,946 0.51%
37 LIN MEDIA LLC CLASS A COM 696,951 15,472,312 0.51%
38 Medical Action Industries Inc OLD 1,118,112 15,407,583 0.51%
39 Genworth Financial Inc - Cl A 1,133,679 14,851,195 0.49%
40 OMNIAMERICAN BANCORP INC 571,264 14,487,151 0.48%
41 Mylan Laboratories Inc 306,826 13,957,515 0.46%
42 BOLT TECHNOLOGY CORP 589,621 12,936,285 0.43%
43 Taminco 494,290 12,900,969 0.43%
44 Einstein Noah Restaurant Grp 631,810 12,737,290 0.42%
45 B/E AEROSPACE INC 146,480 12,295,531 0.41%
46 First United Bancorp Inc FLA 1,434,973 12,225,970 0.40%
47 MANITOWOC INC 471,811 11,063,968 0.37%
48 PAYCHEX INC 195,431 10,963,679 0.36%
49 TYSON FOODS INC 236,973 9,329,627 0.31%
50 Peabody Energy Corp 725,297 8,979,177 0.30%
Page 1 of 4
Restatement filing (0001140361-14-041212) filed in 2014.11.12
#
Name
Shares
Value ($)
%
Options
Notes
151 Molson Coors Brewing Co 50,000 68,750 0.00% Put
152 Shutterfly Inc 97,600 68,320 0.00% Put
153 ALLERGAN INC 159,800 67,915 0.00% Put
154 JUNIPER NETWORKS INC 488,400 65,934 0.00% Put
155 Bally Technologies Inc. 55,000 64,625 0.00% Put
156 Energizer Holdings Inc 39,100 64,515 0.00% Put
157 ALLERGAN INC 75,000 63,750 0.00% Put
158 ALPHA NATURAL RESOURCES 25,100 62,248 0.00%
159 Burger King Worldwide, Inc. 20,000 59,000 0.00% Put
160 ALBEMARLE CORP 19,200 58,560 0.00% Put
161 CONCUR TECHNOLOGIES INC 105,200 57,860 0.00% Put
162 Covidien PLC 96,200 57,720 0.00% Put
163 ALLIANCE DATA SYSTEMS CORP 17,300 57,090 0.00% Put
164 AGILENT TECHNOLOGIES INC 146,600 53,509 0.00% Put
165 CIVEO CORP 195,400 48,850 0.00% Put
166 Express Inc 244,200 48,840 0.00% Put
167 AbbVie Inc. 108,400 40,650 0.00% Put
168 MYLAN INC 48,900 40,343 0.00% Put
169 Shire PLC 48,200 37,355 0.00% Put
170 PETSMART INC 63,500 33,338 0.00% Put
171 AGILENT TECHNOLOGIES INC 24,400 31,354 0.00% Put
172 Berry Plastics Group Inc. 97,700 26,868 0.00% Put
173 Charter Communications, Inc. 19,500 25,838 0.00% Put
174 IRON MTN INC 48,900 25,673 0.00% Put
175 AbbVie Inc. 13,400 17,755 0.00% Put
176 TYSON FOODS INC 146,300 10,973 0.00% Put
177 ILLUMINA INC 19,800 8,910 0.00% Put
178 INTERNATIONAL RECTIFIER CORP 172,400 8,620 0.00% Put
179 INTERNATIONAL RECTIFIER CORP 23,400 4,095 0.00% Put
180 Shire PLC 3,000 3,825 0.00% Put
181 CIVEO CORP 134,400 3,360 0.00% Call
182 FAMILY DLR STORES INC 119,800 2,995 0.00% Put
183 PROTECTIVE LIFE CORP 19,700 2,463 0.00% Put
184 GLIMCHER RLTY TR SH BEN INT 43,400 2,170 0.00% Put
185 Express Inc 2,600 2,145 0.00% Put
186 PIKE CORP 75,800 1,895 0.00% Put
187 Covidien PLC 4,000 1,400 0.00% Put
188 GLIMCHER RLTY TR SH BEN INT 38,900 973 0.00% Put
189 CONCUR TECHNOLOGIES INC 4,100 513 0.00% Put
190 SIGMA ALDRICH CORP 2,100 473 0.00% Put
191 CIVEO CORP 5,900 148 0.00% Call
Page 4 of 4