UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 2049
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 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 May 12, 2000
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: 100
Form 13F Information Table Value Total: $647,210
List of Other Included Managers: None
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<TABLE> <C>
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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 "6,282" "147,800" SH Sole "147,800" 0 0
Crescent Real Estate PFD CV A 6.75% 225756204 "2,066" "145,000" SH Sole "145,000" 0 0
Emmis Communications Corp. PFD CV SER A 291525202 "4,182" "63,000" SH Sole "63,000" 0 0
Equity Residential Prop. PFD CONV E 7% 29476L883 "8,827" "396,700" SH Sole "396,700" 0 0
Freeport McMoran Copper PFD CV 0.05 SH 35671D501 887 "59,850" SH Sole "59,850" 0 0
Lab Corp of America (B) PFD CVB PAYIN 50540R300 "9,398" "119,145" SH Sole "119,145" 0 0
Lab Corp of America (A) PFD CV ESCH%A 50540R201 "23,244" "294,700" SH Sole "294,700" 0 0
Metromedia Int'l Group Inc. PFD CONV% 591695200 "13,078" "408,700" SH Sole "408,700" 0 0
National Australia Bank CAP UTS EXCH BL 632525309 "4,402" "182,000" SH Sole "182,000" 0 0
Prologis Trust PFD CV SBI B 743410300 "2,654" "360,575" SH Sole "360,575" 0 0
Simon Property Group Inc. PFD CV B 6.50% 828806406 "2,313" "33,400" SH Sole "33,400" 0 0
Sovereign Capital Trust UNIT EX 111229 845905306 "8,534" "175,500" SH Sole "175,500" 0 0
Treev PIK $0.84 PFD CONV SER A 894692201 "9,492" "586,400" SH Sole "586,400" 0 0
Orix Corporation NT CONV 0.375%05 686330AA9 686 "486,475" PRN Sole 0 0 0
AES Corportaion JRSBDBCV 4.5%05 00130HAN5 "8,449" "5,500,000" PRN Sole 0 0 0
APP Finance VI Mauritius LYONS NT ZERO 12 00202NAA3 "2,873" "15,120,000" PRN Sole 0 0 0
Action Performance Co. SBNTCV 4.75% 05 004933AB3 264 "500,000" PRN Sole 0 0 0
Advanced Energy SUBNTCV 5.25%06 007973AA8 "2,364" "1,950,000" PRN Sole 0 0 0
Affiliated Computer Svc. SB NT CV 4%05 008190AD2 "6,760" "6,484,000" PRN Sole 0 0 0
Alexion Pharmaceuticals SBNTCV 144A 07 015351AA7 "3,160" "4,000,000" PRN Sole 0 0 0
"Alpharma, Inc." SRSBNTCV 3%06 020813AD3 "4,222" "3,400,000" PRN Sole 0 0 0
"Alpharma, Inc." SB NT CV 5.75%05 020813AB7 "3,252" "2,400,000" PRN Sole 0 0 0
Alza Corp. SUB LYON ZERO 14 022615AC2 "10,059" "19,160" PRN Sole 0 0 0
Alza Corp. SUB DB CONV 5%06 022615AD0 "19,510" "17,940,000" PRN Sole 0 0 0
At Home Corp. SBNTCV 144A 06 045919AD9 623 "750,000" PRN Sole 0 0 0
"Atrix Laboratories, Inc." SUBNTCONV 7%04 04962LAC5 "2,340" "3,000,000" PRN Sole 0 0 0
Aviron SBNTCV 5.75%05 053762AC4 "5,800" "5,700,000" PRN Sole 0 0 0
BankAtlantic Bancorp Inc. SBDVCV 6.75%06 065908AB1 "2,284" "2,625,000" PRN Sole 0 0 0
BankAtlantic Bancorp Inc. SBDBCV 5.625%07 065908AC9 "10,074" "15,618,803" PRN Sole 0 0 0
Burr-Brown Corp. SBNTCV 144A 07 122574AD8 "2,990" "2,700,000" PRN Sole 0 0 0
CV Therapeutics SBNTCV 144A 07 126667AA2 "2,283" "2,550,000" PRN Sole 0 0 0
"Checkpoint Systems, Inc." SBDBCV 5.25%05 162825AB9 "1,815" "2,650,000" PRN Sole 0 0 0
Commscope Inc. SB NT CV 4%06 203372AB3 "2,380" "2,000,000" PRN Sole 0 0 0
DRS Technologies Inc. SRSBDBCV 9%03 23330XAB6 881 "780,000" PRN Sole 0 0 0
Danka Business Systems SUBNTCV 6.75%02 236277AB5 "1,022" "1,430,000" PRN Sole 0 0 0
Diamond Offshore Drill SBNTCV 3.75%07 25271CAA0 "1,192" "1,050,000" PRN Sole 0 0 0
Digital Island Inc. SUB NT CV 6%05 25385NAA9 "3,538" "5,000,000" PRN Sole 0 0 0
E*Trade Group Inc. SUBNTCV 144A 07 269246AA2 "3,233" "2,280,000" PRN Sole 0 0 0
Einstein/Noah Bagel Corp. SBDBCV 7.25%04 282577AC9 446 "1,050,000" PRN Sole 0 0 0
"Etoys, Inc." SUBNTCV 144A 04 297862AA2 850 "2,000,000" PRN Sole 0 0 0
Family Golf Centers SBNTCV 5.75%04 30701AAC0 "1,339" "5,580,000" PRN Sole 0 0 0
Financial Federal Corp. SUBNTCV 4.5%05 317492AC0 "11,520" "13,879,000" PRN Sole 0 0 0
Four Seasons LYON ZERO CPN 29 25100EAD6 "29,795" "105,470,000" PRN Sole 0 0 0
Genesco Inc. SUBNTCV 5.5%05 371532AL6 "1,829" "2,135,000" PRN Sole 0 0 0
Healthcare Realty Trust SBDBCV 6.55%02 421946AA2 "1,302" "1,510,000" PRN Sole 0 0 0
Healthsouth Corp. SBDBCV 3.25%03 421924AF8 "3,940" "5,020,000" PRN Sole 0 0 0
Hewett-Packard Co. SB LYON ZERO 17 428236AC7 613 810 PRN Sole 0 0 0
Hilton Hotels Corp. Sub NT Conv 5%06 432848AL3 "5,351" "6,995,000" PRN Sole 0 0 0
Human Genome Sciences SUBNTCV 144A 07 444903AE8 "1,760" "1,980,000" PRN Sole 0 0 0
Ibasis Inc. SBNTCV 5.75% 05 450732AA0 "4,313" "6,250,000" PRN Sole 0 0 0
Incyte Pharmaceuticals SUBNTCV 144A 07 45337CAA0 "1,304" "1,600,000" PRN Sole 0 0 0
Inhale Therapeutics SBNTCV 144A 07 457191AD6 "3,193" "2,950,000" PRN Sole 0 0 0
Interim Services Inc. SUBNTCV 4.5%05 45868PAA8 "10,878" "13,450,000" PRN Sole 0 0 0
Internet Capital Group Inc. SUBNTCV 5.5%04 46059CAA4 "2,754" "3,060,000" PRN Sole 0 0 0
Interpublic Group Co. Inc. SUBNTCV 1.87%06 460690AJ9 "10,075" "10,050,000" PRN Sole 0 0 0
Intevac Inc. SBNTCV 6.5%04 461148AC2 118 "225,000" PRN Sole 0 0 0
Invitrogen SUBNTCV 144A07 46185RAA8 "1,445" "1,670,000" PRN Sole 0 0 0
Iomega Corp. SBNTCV 6.75% 01 462030AA5 354 "365,000" PRN Sole 0 0 0
Kellstrom SBNTCV 5.75%02 488035AC0 "8,702" "15,540,000" PRN Sole 0 0 0
Kerr McGee Corp. SBDBCV 5.25% 10 492386AP2 "33,546" "29,155,000" PRN Sole 0 0 0
Lamar Advertising NT CV 5.25% 06 512815AF8 "11,563" "9,990,000" PRN Sole 0 0 0
Lennar Corportion SRDBCV ZERO 18 526057AA2 "5,511" "13,200,000" PRN Sole 0 0 0
MBL Intl Finance GTD NT EXCH 3%02 55262XAA2 "3,510" "3,155,000" PRN Sole 0 0 0
Magna International Inc. SUB DEB CV 5%02 559222AE4 "14,124" "14,655,000" PRN Sole 0 0 0
Magna International Inc. SBDBCV 4.875%05 559222AG9 "21,106" "24,190,000" PRN Sole 0 0 0
Mail-Well Inc. SUBNTCONV 5%02 560321AD3 "3,888" "4,800,000" PRN Sole 0 0 0
Metamor Worldwide Inc. SBNTCV 2.94%04 59133PAA8 "1,445" "1,700,000" PRN Sole 0 0 0
Millennium Pharmaceutical SUBNTCV 144A 07 599902AA1 "2,584" "2,775,000" PRN Sole 0 0 0
NCS Healthcare Inc. SBDBCV 5.75%04 628874AC3 "4,070" "11,000,000" PRN Sole 0 0 0
North American Vaccine SUBNTCV 6.5%03 657201AC3 "1,773" "2,825,000" PRN Sole 0 0 0
"Office Depot, Inc." LYON SUB ZERO 07 676220AA4 "27,004" "40,080,000" PRN Sole 0 0 0
Omnicare Inc. SUB DEB CV 5%07 681904AD0 "18,916" "25,604,000" PRN Sole 0 0 0
Orbital Sciences Corp. SB NT CV 5% 02 685564AC0 "2,400" "3,000,000" PRN Sole 0 0 0
Pep Boys SUB LYON ZERO 11 713278AJ8 "6,488" "12,300,000" PRN Sole 0 0 0
Personnel Group SBNTCV 5.75%04 715338AE9 "9,708" "14,276,000" PRN Sole 0 0 0
"Petsmart, Inc." SBNTCV 6.75%04 716768AB2 "2,335" "3,663,000" PRN Sole 0 0 0
Phoenix Investment Partners SUBDBCONV 6%15 719085AA0 "16,645" "16,082,500" PRN Sole 0 0 0
Phycor Inc. SUBDBCV 4.5% 03 71940FAB6 "1,238" "3,020,000" PRN Sole 0 0 0
Pride International Inc. SBDBCV ZERO 18 741932AB3 "1,570" "4,000,000" PRN Sole 0 0 0
Quadramed Corp. SBDBCV 5.25%05 74730WAC5 "5,676" "12,612,000" PRN Sole 0 0 0
Reptron Electronics Inc. SBNTCV 6.75%04 76026WAA7 575 "840,000" PRN Sole 0 0 0
Sanmina Corp. SUBNTCV 4.25%04 800907AB3 "11,963" "7,300,000" PRN Sole 0 0 0
Seacor Holdings Inc. SUBNTCV 5.375%06 811904AE1 "15,679" "15,269,000" PRN Sole 0 0 0
Semtech Corp. SBNTCV 144A 07 816850AB7 "2,737" "2,900,000" PRN Sole 0 0 0
"Sepracor, Inc." SUBDB CONV 7%05 817315AH7 "6,392" "4,870,000" PRN Sole 0 0 0
SpaceHab Inc. SUBNTCONV 8%07 846243AC7 185 "250,000" PRN Sole 0 0 0
Standard Commerical Corp SBDVCV 7.25% 07 853258AA9 "3,541" "7,495,000" PRN Sole 0 0 0
Standard Motor Products SBDBCV 6.75%09 853666AB1 "6,620" "8,710,000" PRN Sole 0 0 0
Sunbeam Corp. SRSDCV ZERO 18 867071AD4 175 "1,000,000" PRN Sole 0 0 0
Telefonos de Mexico SRDBCV 4.25% 04 879403AD5 "7,459" "4,940,000" PRN Sole 0 0 0
Thermo Fibertek Inc. SUBDBCV 144A04 88355WAA3 "18,438" "21,692,000" PRN Sole 0 0 0
Thermo Instrument Sys SUBDBCONV 4%05 883559AE6 "1,647" "1,910,000" PRN Sole 0 0 0
Total Renal Care Hldg SBNTCV 144A 7%09 89151AAA5 290 "530,000" PRN Sole 0 0 0
"Tower Automotive, Inc." SBNTCV 5%04 891707AE1 "6,676" "7,630,000" PRN Sole 0 0 0
Triac Companies SBDBCV ZERO 18 895918AB7 "14,219" "57,450,000" PRN Sole 0 0 0
U.S. Diagnostic Labs Inc. SUBDBCONV 9%03 90328QAB4 "3,838" "5,815,000" PRN Sole 0 0 0
Waste Management Inc. SUBNT CONV 4%02 94106LAA7 380 "430,000" PRN Sole 0 0 0
Wellpoint Health Network SBDBCV ZRO 19 94973HAA6 "30,463" "44,390,000" PRN Sole 0 0 0
Young and Rubicam SUBNTCV 144A05 987425AA3 "21,413" "23,025,000" PRN Sole 0 0 0
Treev Inc. COM NEW 894692300 126 "18,163" PRN Sole "18,163" 0 0
COLUMN TOTALS "647,210"
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