Black River Asset Management

Black River Asset Management as of Sept. 30, 2012

Portfolio Holdings for Black River Asset Management

Black River Asset Management holds 0 positions in its portfolio as reported in the September 2012 quarterly 13F filing

                TITLE        CUSIP      VALUE    SHARES/  SH/  PUT/     INVSTMT   OTHER         VOTING AUTHORITY
NAME OF ISSUER          OF CLASS       NUMBER    (x1000)   PRN AMT  PRN  CALL     DSCRETN  MANAGERS     SOLE     SHRD   NONE
{S}                  {C}              {C}           {C}       {C}   {C}  {C}      {C}        {C}        {C}      {C}    {C}
AMERIGROUP           COM              03073T102     6476     70996  SH            Sole                   70996
ARIBA INC            COM NEW          04033V203     5685    127000  SH            Sole                  127000
BARCLAYS BK PLC      TH S^P VIX NEW   06740C261      185     20000  SH            Sole                   20000
LIBERTY GLOBAL INC   COM SER C        530555309    11692    207150  SH            Sole                  207150
NEXEN INC            COM              65334H102    12972    511400  SH            Sole                  511400
PROOFPOINT INC       COM              743424103     2464    412887  SH            Sole                  412887
SPDR S^P 500 ETF TR  PUT              78462F953    38150    265300  SH   PUT      Sole                  265300