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 holding entries. Institutional Manager Filing this Report: Name: Contrarian Capital Management, L.L.C. Address: 411 West Putnam Avenue Suite 425 Greenwich, CT 06830 13F File Number: 028-10718 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: Jon R. Bauer Title: Managing Member Phone: (203) 862-8200 Signature, Place and Date of Signing: /s/ Jon R. Bauer Greenwich, Connecticut May 15, 2013 ----------------------- -------------------------- ---------------------- [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 managers(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).) List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 34 Form 13F Information Table Value Total: $482,213 (thousands) List of Other Included Managers: No. Form 13F File Number Name --- -------------------- ---- 1. 028-15262 Contrarian Capital Fund I, L.P. FORM 13F INFORMATION TABLE Contrarian Capital Management, L.L.C. March 31, 2013 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x1000) PRN AMT PRN CALL DISCRETION MNGRS SOLE SHARED NONE -------------- -------------- ----- ------- ------- --- ---- ---------- ----- ---- ------ ---- AMERICAN INTL GROUP INC COM NEW 026874784 18,450 475,270 SH SOLE 1 475,270 ANNALY CAP MGMT INC COM 035710409 661 41,627 SH SOLE 1 41,627 AVIS BUDGET GROUP COM 053774105 1,566 56,267 SH SOLE 1 56,267 BANK OF AMERICA CORPORATION COM 060505104 24,054 1,974,884 SH SOLE 1 1,974,884 BEAZER HOMES USA INC COM NEW 07556Q881 1,112 70,184 SH SOLE 1 70,184 BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 2,629 107,991 SH SOLE 1 107,991 CAL DIVE INTL INC DEL COM 12802T101 519 288,384 SH SOLE 1 288,384 CEDAR FAIR L P DEPOSITRY UNIT 150185106 1,885 47,403 SH SOLE 1 47,403 CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 19,142 183,744 SH SOLE 1 183,744 CHEMTURA CORP COM NEW 163893209 1,035 47,911 SH SOLE 1 47,911 COMPUWARE CORP COM 205638109 1,027 82,210 SH SOLE 1 82,210 COSTAMARE INC SHS Y1771G102 950 59,773 SH SOLE 1 59,773 DELTA AIR LINES INC DEL COM NEW 247361702 9,316 564,250 SH SOLE 1 564,250 DIAMOND FOODS INC COM 252603105 1,164 69,031 SH SOLE 1 69,031 DIGITAL GENERATION INC COM 25400B108 1,963 305,691 SH SOLE 1 305,691 EXIDE TECHNOLOGIES COM NEW 302051206 1,430 529,804 SH SOLE 1 529,804 FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 1,931 258,510 SH SOLE 1 258,510 GENERAL MTRS CO COM 37045V100 4,233 152,149 SH SOLE 1 152,149 GOODYEAR TIRE & RUBR CO COM 382550101 1,283 101,807 SH SOLE 1 101,807 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 41,047 648,560 SH SOLE 1 648,560 NRG ENERGY INC COM NEW 629377508 18,837 711,096 SH SOLE 1 711,096 PARKER DRILLING CO COM 701081101 544 127,175 SH SOLE 1 127,175 RESOLUTE FST PRODS INC COM 76117w109 25,915 1,601,653 SH SOLE 1 1,601,653 SANOFI RIGHT 12/31/2020 80105N113 770 430,188 SH SOLE 1 430,188 SPANSION INC COM CL A NEW 84649R200 1,231 95,632 SH SOLE 1 95,632 SUNCOKE ENERGY PARTNERS L P COMUNIT REP LT 86722Y101 1,118 53,488 SH SOLE 1 53,488 SUPERVALU INC COM 868536103 3,316 657,959 SH SOLE 1 657,959 TEEKAY TANKERS LTD CL A Y8565N102 6,663 2,337,861 SH SOLE 1 2,337,861 TEMPUR PEDIC INTL INC COM 88023U101 2,031 40,925 SH SOLE 1 40,925 TESORO CORP COM 881609101 1,980 33,820 SH SOLE 1 33,820 UNITED CONTL HLDGS INC COM 910047109 18,024 563,083 SH SOLE 1 563,083 VANTAGE DRILLING COMPANY ORD SHS G93205113 2,961 1,691,724 SH SOLE 1 1,691,724 WALTER ENERGY INC COM 93317Q105 749 26,275 SH SOLE 1 26,275 WPX ENERGY INC COM 98212B103 1,349 84,190 SH SOLE 1 84,190 SK 01385 0001 1371837