Sec Form 4 Filing - CONTRARIAN CAPITAL MANAGEMENT LLC @ STANDARD PARKING CORP - 2009-11-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
CONTRARIAN CAPITAL MANAGEMENT LLC
2. Issuer Name and Ticker or Trading Symbol
STANDARD PARKING CORP [ STAN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
411 W. PUTNAM AVE STE 425,
3. Date of Earliest Transaction (MM/DD/YY)
11/09/2009
(Street)
GREENWICH, CT06830
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/09/2009 S 1,575,392 D $ 15.14 236,309 I See Footnotes ( 1 ) ( 2 ) ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CONTRARIAN CAPITAL MANAGEMENT LLC
411 W. PUTNAM AVE STE 425
GREENWICH, CT06830
X
CML VII, LLC
C/O CONTRARIAN CAPITAL MANAGEMENT, L.L.C
411 W. PUTNAM AVE., STE 425
GREENWICH, CT06830
X
CONTRARIAN FUNDS, L.L.C.
C/O CONTRARIAN CAPITAL MANAGEMENT, L.L.C
411 W. PUTNAM AVE., STE 425
GREENWICH, CT06830
X
BAUER JON R.
C/O CONTRARIAN CAPITAL MANAGEMENT, L.L.C
411 W. PUTNAM AVE., STE 425
GREENWICH, CT06830
X
Signatures
/s/ Janice M. Stanton, Member; Authorized Signatory 11/12/2009
Signature of Reporting Person Date
Explanation of Responses:
( 1 )CML VII, LLC is the direct beneficial owner of these securities. Contrarian Funds, L.L.C. is the sole member of CML VII, LLC. Contrarian Capital Management, L.L.C. is the investment manager of CML VII, LLC. Jon R. Bauer is managing member of Contrarian Capital Management, L.L.C.
( 2 )This Form 4 is being filed because Contrarian Capital Management L.L.C., a registered investment adviser, was deemed to be a 10% beneficial owner for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Securities Exchange Act"), upon its original filing of a Schedule 13D with respect to the Common Stock, par value $0.01, per share of the Issuer.
( 3 )Contrarian Capital Management, L.L.C. and Jon R. Bauer disclaim beneficial ownership of the reported securities held by CML VII, LLC except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that Contrarian Capital Management, L.L.C. or Jon R. Bauer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act or for any other purpose.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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