FORM 5
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ X ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  

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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SAC CAPITAL ADVISORS LLC

2. Issuer Name and Ticker or Trading Symbol

WCI COMMUNITIES INC [WCI]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
See Remarks and Footnote (1)

(Last)          (First)          (Middle)

72 CUMMINGS POINT ROAD

3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2007 
(Street)

STAMFORD, CT 06902

(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form Filed by One Reporting Person
_ X _ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Amount (A) or (D) Price
Common Stock   12/10/2007     X/K4   (3) 200   D $5.55   4011800   I   (1) See Footnote   (1)
Common Stock   12/10/2007     J/K4   (3) 200   A $4.72   4012000   I   (1) See Footnote   (1)
Common Stock   12/11/2007     X/K4   (4) 400   D $5.55   4011600   I   (1) See Footnote   (1)
Common Stock   12/11/2007     J/K4   (4) 400   A $4.42   4012000   I   (1) See Footnote   (1)
Common Stock   2/4/2008     X/K4   (8) 100   A $5.83   4012100   I   (1) See Footnote   (1)
Common Stock   2/4/2008     J/K4   (8) 100   D $4.56   4012000   I   (1) See Footnote   (1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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/YYYY)
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Equity Swap (obligation to sell)   $5.55   11/2/2007     J/K4   (2) 600       11/2/2007   3/18/2008   Common Stock   600     (2) 600   I   (1) See Footnote   (1)
Equity Swap (obligation to sell)   $5.55   12/10/2007     X/K4   (3)    200    11/2/2007   3/18/2008   Common Stock   200     (3) 400   I   (1) See Footnote   (1)
Equity Swap (obligation to sell)   $5.55   12/11/2007     X/K4   (4)    400    11/2/2007   3/18/2008   Common Stock   400     (4) 0   I   (1) See Footnote   (1)
Equity Swap (obligation to buy)   $5.83   1/31/2008     J/K4   (5) 400       1/31/2008   2/4/2009   Common Stock   400     (5) 400   I   (1) See Footnote   (1)
Equity Swap (obligation to buy)   $5.16   2/1/2008     J/K4   (6) 200       2/1/2008   2/4/2009   Common Stock   200     (6) 200   I   (1) See Footnote   (1)
Equity Swap (obligation to buy)   $4.71   2/4/2008     J/K4   (7) 600       2/4/2008   2/4/2009   Common Stock   600     (7) 600   I   (1) See Footnote   (1)
Equity Swap (obligation to buy)   $5.83   2/4/2008     X/K4   (8)    100    1/31/2008   2/4/2009   Common Stock   100     (8) 300   I   (1) See Footnote   (1)

Explanation of Responses:
( 1)  Please see note 1 on Exhibit 99.1
( 2)  Please see note 2 on Exhibit 99.1
( 3)  Please see note 3 on Exhibit 99.1
( 4)  Please see note 4 on Exhibit 99.1
( 5)  Please see note 5 on Exhibit 99.1
( 6)  Please see note 6 on Exhibit 99.1
( 7)  Please see note 7 on Exhibit 99.1
( 8)  Please see note 8 on Exhibit 99.1

Remarks:
As described in the reports on Schedule 13D filed with the Securities and Exchange Commission by the Reporting Persons and
S.A.C. Capital Associates, LLC ("SAC Associates") with respect to the Issuer's securities, Craig W. Thomas is a portfolio
manager at S.A.C. Capital Advisors, LLC ("SAC Advisors") and was, at the time of the transactions reported herein, a
director of the Issuer.

Exhibit List

Exhibit 99.1 - Explanation of Responses
Exhibit 99.2 - Joint Filer Information

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SAC CAPITAL ADVISORS LLC
72 CUMMINGS POINT ROAD
STAMFORD, CT 06902
X

See Remarks and Footnote (1)
S A C CAPITAL MANAGEMENT L L C
540 MADISON AVENUE
NEW YORK, NY 10022
X

See Remarks and Footnote (1)
COHEN STEVEN A/SAC CAPITAL MGMT LP
72 CUMMINGS POINT ROAD
STAMFORD, CT 06902
X

See Remarks and Footnote (1)

Signatures
/s/ Peter Nussbaum, as Authorized Person on behalf of the folowing: S.A.C. CAPITAL ADVISORS, LLC, S.A.C. CAPITAL MANAGEMENT, LLC, STEVEN A. COHEN 2/14/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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