UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2013 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: Caspian Capital LP Address: 767 Fifth Avenue New York, New York 10153 Form 13F File Number: 028-14846 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: Richard D. Holahan, Jr. Title: Chief Operating Officer and General Counsel Phone: 212-826-6970 Signature, Place, and Date of Signing: /s/ Richard D. Holahan, Jr. New York, New York 5/14/2013 --------------------------------- --------------------------------- ---------- [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 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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 18 Form 13F Information Table Value Total: $ 227,682 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 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 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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- ---- --------- ---- ALCATEL-LUCENT SPONSORED ADR 013904305 2,128 1,600,000 SH DEFINED 0 1,600,000 0 ASSURED GUARANTY LTD COM G0585R106 28,545 1,385,000 SH DEFINED 0 1,385,000 0 BOYD GAMING CORP COM 103304101 10,387 1,255,986 SH DEFINED 0 1,255,986 0 DIGITAL GENERATION INC COM 25400B108 3,852 600,000 SH DEFINED 0 600,000 0 DINEEQUITY INC COM 254423106 6,826 99,225 SH DEFINED 0 99,225 0 DYNEGY INC NEW DEL COM 26817R108 65,967 2,749,787 SH DEFINED 0 2,749,787 0 GENERAL MTRS CO JR PFD CNV SRB 37045V209 9,869 229,831 SH DEFINED 0 229,831 0 GRAPHIC PACKAGING HLDG CO COM 388689101 29,771 3,974,792 SH DEFINED 0 3,974,792 0 GRAY TELEVISION INC COM 389375106 11,689 2,492,261 SH DEFINED 0 2,492,261 0 HARBINGER GROUP INC COM 41146A106 4,130 500,000 SH DEFINED 0 500,000 0 HEALTH MGMT ASSOC INC NEW CL A 421933102 4,093 318,051 SH DEFINED 0 318,051 0 IRON MTN INC COM 462846106 15,004 413,223 SH DEFINED 0 413,223 0 LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 1,755 584,848 SH DEFINED 0 584,848 0 LYONDELLBASELL INDUSTRIES N SHS -A- N53745100 19 305 SH DEFINED 0 305 0 MGM RESORTS INTERNATIONAL COM 552953101 10,152 772,037 SH DEFINED 0 772,037 0 MPG OFFICE TR INC COM 553274101 10,023 3,644,591 SH DEFINED 0 3,644,591 0 RITE AID CORP COM 767754104 1,903 1,001,755 SH DEFINED 0 1,001,755 0 SUNCOKE ENERGY PARTNERS LP COMUNIT REP LT 86722Y101 11,569 553,541 SH DEFINED 0 553,541 0