UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. 1)*
LABRANCHE & CO INC
(Name of issuer)
Common Stock, no par value per share
(Title of Class of Securities)
505447105
(Cusip Number)
December 31, 2010
(Date of the Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
X Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 505447102
1. Names of Reporting Persons. Summit Capital Management, LLC
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
3. SEC Use Only
4. Citizenship or Place of Organization - WASHINGTON STATE
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power
3150300
6. Shared Voting Power
None
7. Sole Dispositive Power
3150300
8. Shared Dispositive Power
None
9. Aggregate Amount Beneficially Owned by Each Reporting Person
3150300
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9) 7.70%
12. Type of Reporting Person (See Instructions)
IA
Item 1.
(a) Name of Issuer
LABRANCHE & CO INC
(b) Address of Issuer's Principal Executive Offices
1 EXCHANGE PLAZA NEW YORK NY 10006-3008
Item 2.
(a) Name of Person Filing
(a) SUMMIT CAPITAL MANAGEMENT, LLC
(b) Address of Principal Business Office or, if none, Residence
600 UNIVERSITY STREET, SUITE 2304
SEATTLE, WA 98101
(c) Citizenship
WASHINGTON
(d) Title of Class of Securities
COMMON STOCK
(e) CUSIP Number
505447105
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or
(c), check whether the person filing is a:
[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
[ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
78c).
[ ] Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C. 80a-8).
[ X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
[ ] An employee benefit plan or endowment fund in accordance with 240.13d-
1(b)(1)(ii)(F).
[ ] A parent holding company or control person in accordance with 240.13d-
1(b)(1)(ii)(G).
[ ] A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act (12 U.S.C. 1813).
[ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940 (15
U.S.C. 80a-3).
[ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(j).
If filing as a non-U.S. institution in accordance with
Rule 240.13d-1(b)(1)(ii)(j)
[ ] Group, in accordance with 240.13d-1(b)(1)(ii)(k).
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
Amount beneficially owned:
3150300
Percentage of class:
7.70%
Number of shares as to which person has:
Sole power to vote or direct the vote:
3150300
Shared power to vote or direct the vote:
None
Sole power to dispose or to direct the disposition of:
3150300
Shared power to dispose or to direct the disposition of:
None
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following. [ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employees benefit plan, pension fund or endowment fund is not required.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
If a parent holding company has filed this schedule, pursuant to Rule 13d-
1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-
1(d), attach an exhibit stating the identification of the relevant subsidiary.
N/A
Item 8. Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to 240.13d-1(b)(1)(ii)(J), so
indicate under Item 3(j) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to 240.13d-1(c) or 240.13d-1(d), attach an exhibit stating the
identity of each member of the group.
N/A
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to transaction
sin the security reported on will be filed, if required, by members of the
group, in their individual capacity. See Item 5.
N/A
Item 10. Certification
(a) The following certification shall be included if the statement is filed
pursuant to 240.13d-1(b):
By signing below I certify that to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the affect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
(b) The following certification shall be included if the statement is filed
pursuant to 240.13d-1(c):
By signing below I certify that to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: February 9, 2011
Summit Capital Management LLC
Signature: Matthew C. Rudolf
Name/Title Chief Operating Officer
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner
of the filing person, evidence of the representative's authority to
sign on behalf of such person shall be filed with the statement,
provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated
by reference. The name and any title of each person who
signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).