UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 Check here if amendment [ ]; This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Central Securities Corporation Address: 630 Fifth Avenue New York, New York 10111 13F File Number: 28-6578 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: Marlene A. Krumholz Title: Secretary Phone: 212-698-2020 Signature, Place, and Date of Signing: /s/ Marlene A. Krumholz New York, New York February 10, 2012 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 33 Form 13F Information Table Value Total: 388,752 List of Other Included Managers: None FORM 13F INFORMATION TABLE Voting Authority Title Value Shares/ Shares/ Put/ Investment Other -------------------- Name of Issuer of Class CUSIP (x$1000) Principal Principal Call Descretion Manager Sole Shared None Column 1 Column 2 Column 3 Column 4 Column 5 Column 5 Column 6 Column 7 Column 8 Agilent Technologies, Inc. Common 00846U 10 1 24,451 700,000 SH SOLE 700,000 0 0 Analog Devices, Inc. Common 032654 10 5 25,762 720,000 SH SOLE 720,000 0 0 The Bank of New York Mellon Common 064058 10 0 18,417 925,000 SH SOLE 925,000 0 0 Corporation Brady Corporation Class A 104674 10 6 23,362 740,000 SH SOLE 740,000 0 0 Carlisle Companies Inc. Common 142339 10 0 2,215 50,000 SH SOLE 50,000 0 0 CEVA, Inc. Common 157210 10 5 25,670 848,300 SH SOLE 848,300 0 0 Coherent, Inc. Common 192479 10 3 41,868 801,000 SH SOLE 801,000 0 0 Convergys Corporation Common 212485 10 6 21,709 1,700,000 SH SOLE 1,700,000 0 0 Devon Energy Corporation Common 25179M 10 3 12,400 200,000 SH SOLE 200,000 0 0 Flextronics International Ltd. Common Y2573F 10 2 3,566 630,000 SH SOLE 630,000 0 0 General Electric Company Common 369604 10 3 3,582 200,000 SH SOLE 200,000 0 0 GeoMet Inc. Common 37250U 20 1 1,860 2,000,000 SH SOLE 2,000,000 0 0 GeoMet Inc. Preferred 37250U 30 0 2,385 237,790 SH SOLE 237,790 0 0 Conv.A Heritage-Crystal Clean Inc. Common 42726M 10 6 6,851 413,712 SH SOLE 413,712 0 0 Intel Corporation Common 458140 10 0 36,375 1,500,000 SH SOLE 1,500,000 0 0 Johnson & Johnson Common 478160 10 4 6,558 100,000 SH SOLE 100,000 0 0 JP Morgan Chase & Co. Common 46625H 10 0 3,325 100,000 SH SOLE 100,000 0 0 McMoRan Exploration Corporation Common 582411 10 4 9,126 627,200 SH SOLE 627,200 0 0 Medtronic, Inc. Common 585055 10 6 3,825 100,000 SH SOLE 100,000 0 0 Merck & Co.Inc. Common 58933Y 10 5 3,770 100,000 SH SOLE 100,000 0 0 Mindspeed Technologies Inc. Common 602682 20 5 6,412 1,400,000 SH SOLE 1,400,000 0 0 Motorola Solutions Inc. Common 620076 30 7 9,258 200,000 SH SOLE 200,000 0 0 Murphy Oil Corporation Common 626717 10 2 15,607 280,000 SH SOLE 280,000 0 0 NewStar Financial, Inc. Common 65261F 10 5 367 36,094 SH SOLE 36,094 0 0 Precision Castparts Corporation Common 740189 10 5 16,479 100,000 SH SOLE 100,000 0 0 QEP Resources Inc. Common 74733V 10 0 9,376 320,000 SH SOLE 320,000 0 0 RadiSys Corporation Common 750459 10 9 6,021 1,190,000 SH SOLE 1,190,000 0 0 Roper Industries, Inc. Common 776696 10 6 15,637 180,000 SH SOLE 180,000 0 0 Sonus Networks, Inc. Common 835916 10 7 7,200 3,000,000 SH SOLE 3,000,000 0 0 Vical Incorporated Common 925602 10 4 1,005 228,000 SH SOLE 228,000 0 0 Vodafone Group PLC Sponsored 92857W 20 9 7,568 270,000 SH SOLE 270,000 0 0 ADR Walgreen Co. Common 931422 10 9 7,273 220,000 SH SOLE 220,000 0 0 Xerox Corporation Common 984121 10 3 9,472 1,190,000 SH SOLE 1,190,000 0 0