# EDGAR Filing Document

**Accession Number:** 0001059543
**File Stem:** 0001085146-23-000743
**Filing Date:** 2023-2
**Character Count:** 15677
**Document Hash:** bee8343fd1eafc8b3fcf61a9468d81f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-000743.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001085146-23-000743

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SALZHAUER MICHAEL
- **CENTRAL INDEX KEY:** 0001059543

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15750
- **FILM NUMBER:** 23596718

**MAIL ADDRESS:**
- **STREET 1:** 589 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10012

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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:** SALZHAUER MICHAEL<br>**Address:** 589 BROADWAY<br>NEW YORK, NY 10012

**Form 13F File Number:** 028-15750

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:** Michael Salzhauer<br>**Title:** Manager<br>**Phone:** 212-334-8700

**Signature, Place, and Date of Signing:**

/s/  Michael Salzhauer  New York, NY  02-07-2023<br>[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 are reported 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).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 2

**Form 13F Information Table Entry Total:** 112

**Form 13F Information Table Value Total:** $170609675

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name            | Form 13F File Number   |
|:---|:---|:---|
|  | Salzhauer Henry | 028-15748              |
|  | Axel Blair      | 028-15749              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG001SNX4Y4 | 639479 | 10965 | SH |  | OTR |  | 0 | 10965 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 | BBG001SNX4Y4 | 354000 | 30000 | SH | Call | OTR |  | 0 | 30000 | 0 |
| AMBAC FINL GROUP INC | *W EXP 04/30/202 | 023139116 |  | 132559 | 65300 | SH |  | OTR |  | 0 | 65300 | 0 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 | BBG004HQHL91 | 1165359 | 66821 | SH |  | OTR |  | 0 | 66821 | 0 |
| AMERANT BANCORP INC | CL A | 023576101 | BBG001V0P1S2 | 260026 | 9688 | SH |  | OTR |  | 0 | 9688 | 0 |
| AMERICAN NATL BANKSHARES INC | COM | 027745108 | BBG001S7NGV6 | 382521 | 10358 | SH |  | OTR |  | 0 | 10358 | 0 |
| AMERIS BANCORP | COM | 03076K108 | BBG001S80PX7 | 693854 | 14719 | SH |  | OTR |  | 0 | 14719 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 446050 | 3433 | SH |  | OTR |  | 0 | 3433 | 0 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 | BBG001S7GJV8 | 2278513 | 64841 | SH |  | OTR |  | 0 | 64841 | 0 |
| BANC OF CALIFORNIA INC | COM | 05990K106 | BBG001SKZX56 | 829172 | 52051 | SH |  | OTR |  | 0 | 52051 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 39280469 | 1186005 | SH |  | OTR |  | 0 | 1186005 | 0 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 1772496 | 1008400 | SH | Call | OTR |  | 0 | 1008400 | 0 |
| BANK OF THE JAMES FINL GP IN | COM | 470299108 | BBG001SFGH35 | 477948 | 40130 | SH |  | OTR |  | 0 | 40130 | 0 |
| BANKUNITED INC | COM | 06652K103 | BBG001T5W6B3 | 5094000 | 149956 | SH |  | OTR |  | 0 | 149956 | 0 |
| BAYFIRST FINANCIAL CORP | COM | 07279B104 | BBG001SN12G3 | 920887 | 55077 | SH |  | OTR |  | 0 | 55077 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 227344 | 894 | SH |  | OTR |  | 0 | 894 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 614652 | 6612 | SH |  | OTR |  | 0 | 6612 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | BBG001S65PV8 | 34980 | 13000 | SH | Call | OTR |  | 0 | 13000 | 0 |
| CB FINL SVCS INC | COM | 12479G101 | BBG001S825Y8 | 783759 | 36573 | SH |  | OTR |  | 0 | 36573 | 0 |
| CERUS CORP | COM | 157085101 | BBG001S97DG4 | 1125903 | 308467 | SH |  | OTR |  | 0 | 308467 | 0 |
| CF BANKSHARES INC | COM | 12520L109 | BBG001S5XSL4 | 553476 | 26132 | SH |  | OTR |  | 0 | 26132 | 0 |
| CHUBB LIMITED | COM | H1467J104 | BBG001S8S1L3 | 226777 | 1028 | SH |  | OTR |  | 0 | 1028 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 240351 | 5314 | SH |  | OTR |  | 0 | 5314 | 0 |
| CITIGROUP INC | COM NEW | 172967424 | BBG001S72ZG4 | 181110 | 95700 | SH | Call | OTR |  | 0 | 95700 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 | BBG006Q0HZT0 | 677203 | 17201 | SH |  | OTR |  | 0 | 17201 | 0 |
| CIVISTA BANCSHARES INC | COM NO PAR | 178867107 | BBG001S91FV8 | 438439 | 19920 | SH |  | OTR |  | 0 | 19920 | 0 |
| CNO FINL GROUP INC | COM | 12621E103 | BBG001SBR6X3 | 853105 | 37335 | SH |  | OTR |  | 0 | 37335 | 0 |
| CODORUS VY BANCORP INC | COM | 192025104 | BBG001S6YVJ7 | 704528 | 29602 | SH |  | OTR |  | 0 | 29602 | 0 |
| COLONY BANKCORP INC | COM | 19623P101 | BBG001S98KP7 | 288012 | 22696 | SH |  | OTR |  | 0 | 22696 | 0 |
| COLUMBIA BKG SYS INC | COM | 197236102 | BBG001S72GJ3 | 464966 | 15432 | SH |  | OTR |  | 0 | 15432 | 0 |
| COMERICA INC | COM | 200340107 | BBG001S6PXB1 | 232170 | 3473 | SH |  | OTR |  | 0 | 3473 | 0 |
| COMMUNITY FINL CORP MD | COM | 20368X101 | BBG001S5WL76 | 385314 | 9657 | SH |  | OTR |  | 0 | 9657 | 0 |
| CONNECTONE BANCORP INC | COM | 20786W107 | BBG001S6YLR0 | 1157064 | 47793 | SH |  | OTR |  | 0 | 47793 | 0 |
| DEVON ENERGY CORP NEW | COM | 25179M103 | BBG001S63VG4 | 436721 | 7100 | SH |  | OTR |  | 0 | 7100 | 0 |
| DIME CMNTY BANCSHARES INC | COM | 25432X102 | BBG001S7NTQ4 | 1081317 | 33972 | SH |  | OTR |  | 0 | 33972 | 0 |
| ENTERPRISE FINL SVCS CORP | COM | 293712105 | BBG001SKJVR4 | 1009261 | 20614 | SH |  | OTR |  | 0 | 20614 | 0 |
| ESM ACQUISITION CORPORATION | *W EXP 02/02/202 | G3195H112 |  | 2181 | 18750 | SH |  | OTR |  | 0 | 18750 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 661800 | 6000 | SH |  | OTR |  | 0 | 6000 | 0 |
| FARMLAND PARTNERS INC | COM | 31154R109 | BBG005TNS0R6 | 186900 | 15000 | SH |  | OTR |  | 0 | 15000 | 0 |
| FB FINL CORP | COM | 30257X104 | BBG00DM434H8 | 3383427 | 93620 | SH |  | OTR |  | 0 | 93620 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 3058581 | 93221 | SH |  | OTR |  | 0 | 93221 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 212770 | 246800 | SH | Call | OTR |  | 0 | 246800 | 0 |
| FIRST BANCORP N C | COM | 318910106 | BBG001S5R1Z5 | 2955703 | 68994 | SH |  | OTR |  | 0 | 68994 | 0 |
| FIRST BANCSHARES INC MS | COM | 318916103 | BBG001SB73Y1 | 383352 | 11976 | SH |  | OTR |  | 0 | 11976 | 0 |
| FIRST CMNTY CORP S C | COM | 319835104 | BBG001S9S0F0 | 644792 | 29456 | SH |  | OTR |  | 0 | 29456 | 0 |
| FIRST GTY BANCSHARES INC | COM | 32043P106 | BBG001SCGLY9 | 970971 | 41406 | SH |  | OTR |  | 0 | 41406 | 0 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 39500 | 50000 | SH | Call | OTR |  | 0 | 50000 | 0 |
| HANCOCK WHITNEY CORPORATION | COM | 410120109 | BBG001S6S985 | 500788 | 10349 | SH |  | OTR |  | 0 | 10349 | 0 |
| HANOVER INS GROUP INC | COM | 410867105 | BBG001S8KZF3 | 787267 | 5826 | SH |  | OTR |  | 0 | 5826 | 0 |
| HOMETRUST BANCSHARES INC | COM | 437872104 | BBG002CV5WZ9 | 558665 | 23114 | SH |  | OTR |  | 0 | 23114 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG001S5RSZ6 | 303629 | 21534 | SH |  | OTR |  | 0 | 21534 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 | BBG001S5RSZ6 | 246380 | 245400 | SH | Call | OTR |  | 0 | 245400 | 0 |
| INDEPENDENT BK CORP MASS | COM | 453836108 | BBG001S5S8F1 | 1812797 | 21471 | SH |  | OTR |  | 0 | 21471 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 1161306 | 8660 | SH |  | OTR |  | 0 | 8660 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 11615 | 2300 | SH | Call | OTR |  | 0 | 2300 | 0 |
| KEYCORP | COM | 493267108 | BBG001S5SKV6 | 468354 | 26886 | SH |  | OTR |  | 0 | 26886 | 0 |
| KEYCORP | COM | 493267108 | BBG001S5SKV6 | 241200 | 131400 | SH | Call | OTR |  | 0 | 131400 | 0 |
| KINGSTONE COS INC | COM | 496719105 | BBG001SCHWG4 | 202740 | 150178 | SH |  | OTR |  | 0 | 150178 | 0 |
| LAKELAND BANCORP INC | COM | 511637100 | BBG001S93HH8 | 1456999 | 82737 | SH |  | OTR |  | 0 | 82737 | 0 |
| LIMESTONE BANCORP INC | COM | 53262L105 | BBG001SMN2X2 | 1172160 | 48000 | SH |  | OTR |  | 0 | 48000 | 0 |
| MACERICH CO | COM | 554382101 | BBG001S7HGB5 | 225200 | 20000 | SH |  | OTR |  | 0 | 20000 | 0 |
| MACERICH CO | COM | 554382101 | BBG001S7HGB5 | 3750 | 75000 | SH | Call | OTR |  | 0 | 75000 | 0 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 | BBG007FG0C32 | 220546 | 1203 | SH |  | OTR |  | 0 | 1203 | 0 |
| MAINSTREET BANCSHARES INC | COM | 56064Y100 | BBG001SNH4N4 | 1101304 | 40062 | SH |  | OTR |  | 0 | 40062 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 770451 | 10646 | SH |  | OTR |  | 0 | 10646 | 0 |
| METLIFE INC | COM | 59156R108 | BBG001S5T3R8 | 152000 | 10000 | SH | Call | OTR |  | 0 | 10000 | 0 |
| MID PENN BANCORP INC | COM | 59540G107 | BBG001S5T0G6 | 432677 | 14437 | SH |  | OTR |  | 0 | 14437 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 1205584 | 14180 | SH |  | OTR |  | 0 | 14180 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 | BBG002V09956 | 1008266 | 25125 | SH |  | OTR |  | 0 | 25125 | 0 |
| OFG BANCORP | COM | 67103X102 | BBG001S9J8R0 | 212019 | 7693 | SH |  | OTR |  | 0 | 7693 | 0 |
| OLD NATL BANCORP IND | COM | 680033107 | BBG001SD2ZG1 | 179800 | 10000 | SH |  | OTR |  | 0 | 10000 | 0 |
| ONCOSEC MED INC | COM NOV 2022 | 68234L405 | BBG001SCVQN3 | 34942 | 20799 | SH |  | OTR |  | 0 | 20799 | 0 |
| OP BANCORP | COM | 67109R109 | BBG001SP9M85 | 358314 | 32107 | SH |  | OTR |  | 0 | 32107 | 0 |
| PACIFIC PREMIER BANCORP | COM | 69478X105 | BBG001S9JFG6 | 269522 | 8540 | SH |  | OTR |  | 0 | 8540 | 0 |
| PARTNERS BANCORP | COM | 70213Q108 | BBG001SC8YQ9 | 97460 | 11000 | SH |  | OTR |  | 0 | 11000 | 0 |
| PAYONEER GLOBAL INC | *W EXP 06/25/202 | 70451X112 |  | 10300 | 10000 | SH |  | OTR |  | 0 | 10000 | 0 |
| PEAPACK-GLADSTONE FINL CORP | COM | 704699107 | BBG001SG3CC8 | 7067148 | 189875 | SH |  | OTR |  | 0 | 189875 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 | BBG001SF5953 | 3290449 | 44829 | SH |  | OTR |  | 0 | 44829 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 2859188 | 18103 | SH |  | OTR |  | 0 | 18103 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 30360 | 1100 | SH | Call | OTR |  | 0 | 1100 | 0 |
| POPULAR INC | COM NEW | 733174700 | BBG001S5PC01 | 739999 | 11158 | SH |  | OTR |  | 0 | 11158 | 0 |
| PREMIER FINANCIAL CORP | COM | 74052F108 | BBG001S7DV08 | 1606792 | 59577 | SH |  | OTR |  | 0 | 59577 | 0 |
| PRIMIS FINANCIAL CORP | COM | 74167B109 | BBG001SPKP12 | 9264721 | 781833 | SH |  | OTR |  | 0 | 781833 | 0 |
| PROFESSIONAL HLDG CORP | CL A COM | 743139107 | BBG007NSWGK4 | 534688 | 19275 | SH |  | OTR |  | 0 | 19275 | 0 |
| PROVIDENT FINL SVCS INC | COM | 74386T105 | BBG001SKM445 | 976366 | 45710 | SH |  | OTR |  | 0 | 45710 | 0 |
| QCR HOLDINGS INC | COM | 74727A104 | BBG001SJTPZ0 | 422039 | 8502 | SH |  | OTR |  | 0 | 8502 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | BBG001SM4KY2 | 1951627 | 90521 | SH |  | OTR |  | 0 | 90521 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | BBG001SM4KY2 | 88636 | 142400 | SH | Call | OTR |  | 0 | 142400 | 0 |
| SAFEGUARD SCIENTIFICS INC | COM NEW | 786449207 | BBG001S5W0J9 | 60974 | 19669 | SH |  | OTR |  | 0 | 19669 | 0 |
| SEACOAST BKG CORP FLA | COM NEW | 811707801 | BBG001SD9X60 | 5891541 | 188892 | SH |  | OTR |  | 0 | 188892 | 0 |
| SENIOR CONNECT ACQUISITN COR | *W EXP 12/31/202 | 81723H116 |  | 1352 | 22500 | SH |  | OTR |  | 0 | 22500 | 0 |
| SHORE BANCSHARES INC | COM | 825107105 | BBG001S9TSK2 | 1285271 | 73739 | SH |  | OTR |  | 0 | 73739 | 0 |
| SMARTFINANCIAL INC | COM NEW | 83190L208 | BBG001SDRQW6 | 6194493 | 225254 | SH |  | OTR |  | 0 | 225254 | 0 |
| SOUTHERN FIRST BANCSHARES | COM | 842873101 | BBG001SD2Z08 | 258945 | 5660 | SH |  | OTR |  | 0 | 5660 | 0 |
| SOUTHSTATE CORPORATION | COM | 840441109 | BBG001S9J7Z3 | 2155796 | 28232 | SH |  | OTR |  | 0 | 28232 | 0 |
| SUMMIT ST BK SANTA ROSA CALI | COM | 866264203 | BBG001SRFLF8 | 660395 | 41797 | SH |  | OTR |  | 0 | 41797 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 | BBG001S5S3G1 | 11066986 | 294727 | SH |  | OTR |  | 0 | 294727 | 0 |
| TERRITORIAL BANCORP INC | COM | 88145X108 | BBG001T4JD08 | 354172 | 14751 | SH |  | OTR |  | 0 | 14751 | 0 |
| THIRD COAST BANCSHARES INC | COM | 88422P109 | BBG009W8YNX3 | 420554 | 22819 | SH |  | OTR |  | 0 | 22819 | 0 |
| TOWNEBANK PORTSMOUTH VA | COM | 89214P109 | BBG001S5WTN1 | 834685 | 27065 | SH |  | OTR |  | 0 | 27065 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 | BBG001S5R103 | 224988 | 1200 | SH |  | OTR |  | 0 | 1200 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 1705580 | 39637 | SH |  | OTR |  | 0 | 39637 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 | BBG001S5YYC0 | 11055 | 11200 | SH | Call | OTR |  | 0 | 11200 | 0 |
| TZP STRATEGIES ACQUISTN CORP | *W EXP 01/06/202 | G91595119 |  | 514 | 21000 | SH |  | OTR |  | 0 | 21000 | 0 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 | BBG001S9SSJ5 | 575682 | 17032 | SH |  | OTR |  | 0 | 17032 | 0 |
| UNIVAR SOLUTIONS INC | COM | 91336L107 | BBG001T99J05 | 260760 | 8200 | SH |  | OTR |  | 0 | 8200 | 0 |
| VIRGINIA NATL BANKSHARES COR | COM | 928031103 | BBG001SBYF92 | 1825191 | 49787 | SH |  | OTR |  | 0 | 49787 | 0 |
| WEBSTER FINL CORP | COM | 947890109 | BBG001S5XCP5 | 3029716 | 63999 | SH |  | OTR |  | 0 | 63999 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 7817955 | 189343 | SH |  | OTR |  | 0 | 189343 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 1594290 | 706200 | SH | Call | OTR |  | 0 | 706200 | 0 |
| WESBANCO INC | COM | 950810101 | BBG001S5XJR8 | 355193 | 9605 | SH |  | OTR |  | 0 | 9605 | 0 |
| WSFS FINL CORP | COM | 929328102 | BBG001S5XJX1 | 1041777 | 22977 | SH |  | OTR |  | 0 | 22977 | 0 |

---