Sec Form 13G Filing - Fursa Alternative Strategies LLC filing for DENNYS CORP (DENN) - 2006-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934


                               Denny's Corporation
- ------------------------------------------------------------------------------
                                (Name of Issuer)


                          Common Stock, $0.01 par value
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
                         (Title of class of Securities)
                                    24869P104
                                 (CUSIP Number)

                               December 31, 2005

             ----------------------------------------------------

             (Date of 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. 24869P104                               13G
- -----------------------------------


- ---------- --------------------------------------------------------------------

    1      NAMES OR REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Name: Mellon HBV Alternative Strategies LLC
           13-4050836

- ---------- --------------------------------------------------------------------


    2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
           (a)[    ]
           (b [    ]

- ---------- --------------------------------------------------------------------

    3      SEC USE ONLY

- ---------- --------------------------------------------------------------------


    4      CITIZENSHIP OR PLACE OF ORGANIZATION

           USA
- ---------- --------------------------------------------------------------------


NUMBER OF                   5         SOLE VOTING POWER
SHARES                                0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
                        -------- ---------------------------------------------

                        6         SHARED VOTING POWER


                                  0

                        --------- ---------------------------------------------

                        7         SOLE DISPOSITIVE POWER

                                  0
                        --------- ---------------------------------------------


                        8         SHARED DISPOSITIVE POWER

                                  0


- ------ ------------------------------------------------------------------------

    9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            0

- ------ ------------------------------------------------------------------------

   10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- ------ ------------------------------------------------------------------------

   11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             0%
- ------ ------------------------------------------------------------------------

   12  TYPE OF REPORTING PERSON*
            IA
- -------------------------------------------------------------------------------

*SEE INSTRUCTION BEFORE FILLING OUT!




- -----------------------------------
CUSIP NO. 24869P104                               13G
- -----------------------------------

Item 1.

        (a)      Denny's Corporation

        (b)      203 East Main Street, Spartanburg, SC 29319-9966


Item 2.

        (a)      Mellon HBV Alternative Strategies LLC

        (b)      200 Park Avenue, New York, NY 10166-3399

        (c)      USA

        (d)      Common Stock, $0.01 par value per share

        (e)      24869P104


Item 3.


If Statement is filed  pursuant to Rules  13(d)-1(b) or 13d-2(b),  check whether
Person Filing is a:


          (a)  [ ] Broker or dealer  registered  under section 15 of the Act (15
               U.S.C. 78o);

          (b)  [ ] Bank as  defined  in  section  3(a)(6)  of the Act (15 U.S.C.
               78c);

          (c)  [ ] Insurance  company as defined in section  3(a)(19) of the Act
               (15 U.S.C. 78c);

          (d)  [  ]  Investment  company  registered  under  section  8  of  the
               Investment Company Act of 1940 (15 U.S.C. 80a-8);

          (e)  [xx]    An    investment     adviser    in    accordance     with
               ss. 240.13d-1(b)(1)(ii)(E);

          (f)  [ ] An employee benefit plan or endowment fund in accordance with
               ss. 240.13d-1(b)(1)(ii)(F)

          (g)  [ ] A parent holding company or control person in accordance with
               ss. 240.13d-1(b)(1)(ii)(G);

          (h)  [ ] A savings  association  as  defined  in  Section  3(b) of the
               Federal Deposit Insurance Act (12 U.S.C. 1813);

          (i)  [ ] 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);

          (j)  [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).


Item 4.  Ownership.

        (a)      Amount beneficially owned:         0

        (b)      Percentage of Class:               0%

        (c)      Number of share as to which such person has:

           (i)    Sole power to vote or direct the vote:                0

           (ii)    Shared power to vote or direct the vote:             0

          (iii)    Sole power to dispose or to direct the disposition:  0

           (iv)    Shared power to vote or to direct the disposition:   0


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: [ X ]


Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

        Not applicable.


Item 7.  Identification  and Classification of the Subsidiary which Acquired the
Security Being Reported on By the Parent Holding Company.

        Not applicable.


Item 8.  Identification and Classification of Members of the Group.

        Not applicable.





- -----------------------------------
CUSIP NO. 24869P104                               13G
- -----------------------------------



Item 9.  Notice of Dissolution of Group.

        Not applicable.


Item 10. Certification.

     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 such  securities  and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.



                                    SIGNATURE

     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 14, 2006

         MELLON HBV ALTERNATIVE STRATEGIES LLC.


           By:  /s/ WILLIAM F. HARLEY III
          --------------------------------------------
          William F. Harley III
           President and Chief Executive Officer