UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 2049
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here is Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Zazove Associates, LLC
Address: 940 Southwood Blvd.
Suite 200
Incline Village, NV 89401
13F File Number: 28-5338
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: Steven M. Kleiman
Title: Chief Operating Officer
Phone: (773) 283-8822
Signature, Place, and Date of Signing:
Steven M. Kleiman Chicago, Illinois November 8, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT
OF 1934.
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Form 13 F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 83
Form 13F Information Table Value Total: $595,810
List of Other Included Managers: None
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VALUE SHARES/ SH/ PUT/ INVSTMT OTHER Voting Authority(Shares)
NAME OF ISSUER TITLE OF CLASS CUSIP (1000s) PRN AMT PRN CALL DSCRETN MGRS a Sole b Shared c None
CNF Trust I $2.500 TE CONS SER A 12612V205 "13,588" "252,800" SH Sole "252,800" 0 0
Crescent Real Estate PFD CV A 6.75% 225756204 "2,513" "167,500" SH Sole "167,500" 0 0
Equity Residential Prop. PFD CONV E 7% 29476L883 "9,644" "397,700" SH Sole "397,700" 0 0
Freeport McMoran Copper PFD CV 0.05 SH 35671D501 "1,619" "91,850" SH Sole "91,850" 0 0
Lab Corp of America (Class B) PFD CVB PAYIN 50540R300 "7,148" "124,853" SH Sole "124,853" 0 0
Lab Corp of America (Series A)PFD CV ESCH%A 50540R201 "23,032" "402,300" SH Sole "402,300" 0 0
"Metromedia Int'l Group, Inc. PFD CONV% 591695200 "9,951" "404,100" SH Sole "404,100" 0 0
National Australia Bank CAP UTS EXCH BL 632525309 "10,448" "381,300" SH Sole "381,300" 0 0
Prologis Trust PFD CV SBI B 743410300 "9,428" "386,775" SH Sole "386,775" 0 0
Treev PIK $0.84 PFD CONV SER A 894692201 "3,423" "500,175" SH Sole "500,175" 0 0
Action Performance Companies SB NT CV 4.75% 05 004933AB3 "4,860" "7,200,000" PRN Sole 0 0 0
Actvision Inc. SBNTCV 6.75%05 004930AC7 "8,288" "7,500,000" PRN Sole 0 0 0
"Alpharma, Inc. (144A) SR SB CV 144A06 020813AC5 303 "250,000" PRN Sole 0 0 0
"Alpharma, Inc." SB NT CV 5.75%05 020813AB7 "2,558" "1,900,000" PRN Sole 0 0 0
Alza Corp. SUB LYON ZERO 14 022615AC2 "11,421" "20,170,000" PRN Sole 0 0 0
Alza Corp. SUB DB CONV 5%06 022615AD0 "8,010" "6,640,000" PRN Sole 0 0 0
American Retirement Corp SBDBCV5.75%02 028913AA9 "2,284" "3,150,000" PRN Sole 0 0 0
"Amkor Technology, Inc." SBNTCV 5.75%03 031652AA8 "5,926" "4,550,000" PRN Sole 0 0 0
Aspect Telecommunications SB DB CV ZERO 18 045237AE4 "1,581" "6,080,000" PRN Sole 0 0 0
"Atrix Laboratories, Inc." SUB NT CONV 7%04 04962LAC5 "1,860" "3,000,000" PRN Sole 0 0 0
Aviron SB NT CV 5.75%05 053762AC4 "5,394" "5,700,000" PRN Sole 0 0 0
"BankAtlantic Bancorp, Inc." SBDVCV 6.75%06 065908AB1 "2,729" "2,637,000" PRN Sole 0 0 0
"BankAtlantic Bancorp, Inc." SBDBCV 5.625%07 065908AC9 "7,606" "9,910,000" PRN Sole 0 0 0
"Centocor, Inc." SBDBCV 74.75%05 152342AE1 "5,655" "4,300,000" PRN Sole 0 0 0
"Checkpoint Systems, Inc." SBDVCV 5.25%05 162825AB9 "1,988" "2,650,000" PRN Sole 0 0 0
DRS Technologies Inc. SRSBDBCV 9%03 23330XAB6 946 "805,000" PRN Sole 0 0 0
Diamond Offshore Drill SBNTCV 3.75%07 25271CAA0 527 "500,000" PRN Sole 0 0 0
Einstein/Noah Bagel Corp. SBDBCV 7.25%04 282577AC9 546 "1,050,000" PRN Sole 0 0 0
Family Golf Centers SBNTCV 5.75%04 30701AAC0 "1,396" "4,230,000" PRN Sole 0 0 0
Financial Federal Corp. SUB NT CV 4.5%05 317492AC0 "6,654" "7,704,000" PRN Sole 0 0 0
France Telecom DEP BD CV 144A04 35177QAB1 339 "350,000" PRN Sole 0 0 0
Fuisz Technologies Ltd. SB DB CV 7%04 359536AB5 "6,397" "6,595,000" PRN Sole 0 0 0
Genesco Inc. SUBNTCV 5.5%05 371532AL6 "1,875" "2,135,000" PRN Sole 0 0 0
HRPT Properties SBDBCV-A 7.5%03 40426WAB7 "1,867" "1,965,000" PRN Sole 0 0 0
Healthcare Realty Trust SBDBCV 6.55%02 421946AA2 "1,351" "1,510,000" PRN Sole 0 0 0
Healthsouth Corp. SBDBCV 3.25%03 421924AF8 "4,666" "6,020,000" PRN Sole 0 0 0
Hilton Hotels Corporation Sub NT Conv 5%06 432848AL3 "10,803" "13,255,000" PRN Sole 0 0 0
"Homebase, Inc." SBNTCV 5.25% 04 43738EAB4 "5,358" "7,600,000" PRN Sole 0 0 0
Interim Services Inc. SUB NT CV 4.5%05 45868PAA8 "10,052" "12,575,000" PRN Sole 0 0 0
Interpublic Group Co. Inc. SBNTCV 1.8%04 460690AF7 "2,061" "1,760,000" PRN Sole 0 0 0
Intevac Inc. SBNTCV 6.5%04 461148AC2 133 "225,000" PRN Sole 0 0 0
Iomega Corp. SBNTCV 6.75% 01 462030AA5 "3,198" "3,500,000" PRN Sole 0 0 0
Kellstrom SB NT CV 5.75%02 488035AC0 "11,378" "15,375,000" PRN Sole 0 0 0
Lennar Corportion SR DB CV ZERO 18 526057AA2 "11,853" "30,490,000" PRN Sole 0 0 0
Magna International Inc. SUB DEB CV 5%02 559222AE4 "14,310" "14,310,000" PRN Sole 0 0 0
Magna International Inc. SB DB CV 4.875%05 559222AG9 "23,995" "26,350,000" PRN Sole 0 0 0
Mail-Well Inc. SUBNTCONV 5%02 560321AD3 "6,360" "6,490,000" PRN Sole 0 0 0
Masotech Inc. SBDBCONV 4.5%03 574670AB1 "8,363" "10,325,000" PRN Sole 0 0 0
Metamor Worldwide Inc. SBNTCV 2.94%04 59133PAA8 "2,337" "3,430,000" PRN Sole 0 0 0
NCS Healthcare Inc. SBDBCV 5.75%04 628874AC3 "4,428" "11,210,000" PRN Sole 0 0 0
"Network Associates, Inc." SB DB CV ZERO 18 640938AB2 "2,393" "7,090,000" PRN Sole 0 0 0
North American Vaccine SUBNTCV 6.5%03 657201AC3 "1,420" "2,840,000" PRN Sole 0 0 0
"Office Depot, Inc." LYON SUB ZERO 07 676220AA4 "22,340" "35,250,000" PRN Sole 0 0 0
"Office Depot, Inc." LYON SUB ZERO 08 676220AB2 "3,990" "6,045,000" PRN Sole 0 0 0
Omnicare Inc. SUB DEB CV 5%07 681904AD0 "28,048" "42,020,000" PRN Sole 0 0 0
Orbital Sciences Corp. SB NT CV 5% 02 685564AC0 "7,832" "8,800,000" PRN Sole 0 0 0
Pep Boys SUB LYON ZERO 11 713278AJ8 167 "300,000" PRN Sole 0 0 0
Personnel Group SBNTCV 5.75%04 715338AE9 "10,803" "15,056,000" PRN Sole 0 0 0
"Petsmart, Inc." SB NT CV 6.75%04 716768AB2 "7,009" "10,013,000" PRN Sole 0 0 0
Phoenix Investment Partners SUB DB CONV 6%15 719085AA0 "16,427" "14,732,500" PRN Sole 0 0 0
Pier 1 Imports SB NT CV 5.75%03 720279AF5 "22,822" "22,485,000" PRN Sole 0 0 0
Pride International Inc. SBDBCV ZRO 18 741931AB3 "1,350" "4,000,000" PRN Sole 0 0 0
Quadramed Corp. SBDBCV 5.25%05 74730WAC5 "7,386" "14,772,000" PRN Sole 0 0 0
Reptron Electronics Inc. SBNTCV 6.75%04 76026WAA7 420 "840,000" PRN Sole 0 0 0
Sabrateck Crop. NT CV 6%05 78571UAA6 945 "3,500,000" PRN Sole 0 0 0
"Safeguard Securities, Inc." SBNTCV 144A 06 786449AD0 "5,475" "5,000,000" PRN Sole 0 0 0
Sanmina Corp. (144A) SBDVCV 144A 04 800907AA5 737 "660,000" PRN Sole 0 0 0
Seacor Holdings Inc. SUBNTCV 5.375%06 811904AE1 "16,802" "17,389,000" PRN Sole 0 0 0
SpaceHab Inc. SUB NT CONV 8%07 846243AC7 194 "250,000" PRN Sole 0 0 0
Sportsline USA Inc SBNTCV 144A 06 848934AA3 381 "500,000" PRN Sole 0 0 0
Standard Commerical Corp SBDVCV 7.25% 07 853258AA9 "1,658" "2,950,000" PRN Sole 0 0 0
Sunbeam Corporation SRSDCVZRO 144A18 867071AA0 173 "1,000,000" PRN Sole 0 0 0
Sunrise Assisted Living Inc. SUB NT CV 5.5%02 86768KAC0 "7,776" "8,100,000" PRN Sole 0 0 0
Synetic Inc. SUB DB CONV 5%07 87160FAB5 "4,187" "4,300,000" PRN Sole 0 0 0
Telefonos de Mexico SRDBCV 4.25% 04 879403AD5 "35,929" "38,070,000" PRN Sole 0 0 0
Thermo Fibertek Inc. SUBDBCV 144A04 88355WAA3 "16,539" "19,927,000" PRN Sole 0 0 0
Thermo Instrument Sys SUBDBCONV 4%05 883559AE6 "1,675" "2,120,000" PRN Sole 0 0 0
Total Renal Care Hldg SBNTCV 144A 7%09 89151AAA5 349 "530,000" PRN Sole 0 0 0
"Tower Automotive, Inc." SBNTCV 5%04 891707AE1 "9,120" "9,550,000" PRN Sole 0 0 0
Triac Companies SBDBCV ZERO 18 895918AB7 "15,175" "60,700,000" PRN Sole 0 0 0
U.S. Diagnostic Labs Inc. SUBDBCONV 9%03 90328QAB4 "3,688" "5,854,000" PRN Sole 0 0 0
Waste Management Inc. SUB NT CONV 4%02 94106LAA7 "19,981" "22,450,000" PRN Sole 0 0 0
Wellpoint Health Network SBDBCV ZRO 19 94973HAA6 "20,169" "34,330,000" PRN Sole 0 0 0
COLUMN TOTALS "595,810"
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