HORNBECK OFFSHORE SERVICES, INC.

Common Stock

440543106

December 31, 2011

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 disclosures provided in a prior cover page.

NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

WS Management, LLLP

59-2844344

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)  ¨

(b)  ¨

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Florida

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER

1,648,926

6

SHARED VOTING POWER

0

7

SOLE DISPOSITIVE POWER

1,648,926

8

SHARED DISPOSITIVE POWER

0

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,648,926

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

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.7%

TYPE OF REPORTING PERSON*

PN

Item 3.

If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

¨

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

¨

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

¨

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

¨

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

¨

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

¨

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(G)

¨

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G)

¨

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

¨

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);

¨

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

¨

Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

Item 4.

Ownership.

(a)

Amount Beneficially Owned:

1,648,926

(b)

Percent of Class:

4.7%

(c)

Number of shares as to which such person has:

(i)

sole power to vote or to direct the vote:

1,648,926

(ii)

shared power to vote or to direct the vote:

0

(iii)

sole power to dispose or to direct the disposition of:

1,648,926

(iv)

shared power to dispose or to direct the disposition of:

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

Instruction: Dissolution of a group requires a response to this item.

Item 6.

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

Inapplicable

Item 7.

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

Inapplicable

Item 8.

Identification and Classification of Members of the Group.

Inapplicable

Item 9.

Notice of Dissolution of Group.

Inapplicable

Item 10.

Certification.

(a)

Inapplicable

(b)

The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

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

February 6, 2012

Date

By:

/s/ Gilchrist B. Berg