UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.) [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Pekin, Singer & Shapiro Asset Management, Inc.
Address: 311 South Wacker Drive, Suite 4990
Chicago, Illinois 60606
13F File Number: 28-5740
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: Gregory J. Suhling
Title: Chief Financial Officer
Phone: 312-554-7529
Signature, Place, and Date of Signing:
Gregory J. Suhling Chicago, Illinois October 3, 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 13F SUMMARY PAGE
AS OF DATE: 09/30/99
RUN DATE: 11/02/99 10:15 A.M.
REPORT SUMMARY:
NUMBER OF OTHER INCLUDED MANAGERS: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 183
FORM 13F INFORMATION TABLE VALUE TOTAL: $180,983,000
LIST OF OTHER INCLUDED MANAGERS:
NO. 13F FILE NUMBER NAME
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<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AAR CORP COM COM 000361105 470 26100 SH DEFINED 0 1200 24900
ABBOTT LABS COM 002824100 262 7150 SH DEFINED 0 300 6850
ABRAXAS PETE CORP COM COM 003830106 58 25850 SH SOLE 0 0 25850
ACE LTD COM G0070K103 4432 261687 SH DEFINED 0 3600 258087
ALLSTATE CORP COM COM 020002101 647 25956 SH DEFINED 0 2600 23356
AMERICAN GEN DEL L L CONVERTIBLE PREF 02637G200 572 7150 SH SOLE 0 0 7150
AMERICAN HOME PRODUCTS CORP COM 026609107 291 7000 SH SOLE 0 0 7000
AMERITECH CORP NEW COM COM 030954101 857 12834 SH SOLE 0 0 12834
AMGEN INC COM 031162100 235 2880 SH SOLE 0 0 2880
AMLI RESIDENTIAL SH BEN INT COM 001735109 2514 119700 SH DEFINED 0 4400 115300
ANDREW CORP COM COM 034425108 441 25402 SH DEFINED 0 1000 24402
ANTEC CORP COM 03664P105 8345 157090 SH DEFINED 0 1000 156090
ARCHER DANIELS MIDLAND COM 039483102 457 37710 SH SOLE 0 0 37710
AT & T CORP. COM 001957109 1522 34991 SH DEFINED 0 600 34391
AVX CORP NEW COM COM 002444107 288 8200 SH SOLE 0 0 8200
BANK NEW YORK INC COM 064057102 281 8400 SH SOLE 0 0 8400
BANK OF AMERICA COM 060505104 217 3894 SH DEFINED 0 400 3494
BANK ONE CORP COM 06423A103 805 23127 SH DEFINED 0 324 22803
BELL ATL FINL BONDS 5.750% 04/ CONVERTIBLE BOND 07785GAB6 1500 1500000 PRN SOLE 0 0 1500000
BELL ATLANTIC CORP COM 077853109 377 5596 SH SOLE 0 0 5596
BELLSOUTH CORP COM 079860102 399 8868 SH SOLE 0 0 8868
BLACKROCK INVT QLTY TERM TR CO COM 09247J102 156 19500 SH SOLE 0 0 19500
BOEING CO COM 097023105 395 9258 SH DEFINED 0 150 9108
BP AMOCO P L C ADR SPONSORED COM 055622104 1475 26614 SH SOLE 0 0 26614
BRISTOL MYERS SQUIBB CO COM 110122108 285 4228 SH SOLE 0 0 4228
BURZYNSKI RESH INST INC COM COM 123159105 5 54000 SH SOLE 0 0 54000
CALENERGY CAP TRUST II 6.250% CONVERTIBLE PREF 12946P403 350 8000 SH SOLE 0 0 8000
CANADIAN NATL RY CO COM COM 136375102 6056 199782 SH DEFINED 0 2000 197782
CANADIAN NATL RY CO PF CV SC6- PREFERRED STOCKS 136375409 491 9500 SH SOLE 0 0 9500
CAREMARK RX INC. COM 141705103 652 113400 SH SOLE 0 0 113400
CARNIVAL CRUISE LINE INC CL A COM 143658102 6750 155170 SH DEFINED 0 1700 153470
CELADON GROUP INC COM 150838100 76 10000 SH SOLE 0 0 10000
CELSION CORP COM COM 15117N107 18 20000 SH SOLE 0 0 20000
CHAMPPS ENTMT INC DEL COM COM 158787101 673 244650 SH DEFINED 0 2500 242150
CHEVRON CORP COM COM 166751107 222 2500 SH SOLE 0 0 2500
CISCO SYS INC COM 17275R102 574 8372 SH SOLE 0 0 8372
CITICORP CAP III CAP % 08-15-2 PREFERRED STOCKS 17303U200 259 11400 SH DEFINED 0 1700 9700
CITIGROUP INC. COM 172967101 4881 110942 SH SOLE 0 0 110942
CNF TR I GTD TECONS A CV CONVERTIBLE PREF 12612V205 1629 30300 SH SOLE 0 0 30300
CNF TRANSN INC COM COM 12612W104 348 9350 SH DEFINED 0 1200 8150
COASTAL CORP COM 190441105 299 7302 SH SOLE 0 0 7302
COHO ENERGY INC COM COM 192481109 114 192240 SH DEFINED 0 4500 187740
COMPUTER SCIENCES CORP COM 205363104 281 4000 SH SOLE 0 0 4000
CORNING INC COM 219350105 1024 14940 SH DEFINED 0 300 14640
CORPORATE EXPRESS CONV NTS 4.5 CONVERTIBLE BOND 219888AE4 319 325000 PRN SOLE 0 0 325000
CSX CORP COM 126408103 1127 26600 SH SOLE 0 0 26600
DECS TR IV DECS EXCHBLE CONVERTIBLE PREF 243664208 76 10000 SH SOLE 0 0 10000
DEERE & CO. COM 244199105 2422 62600 SH SOLE 0 0 62600
DEVON ENERGY CORP NEW 4.950% 0 CONVERTIBLE BOND 25179MAB9 490 500000 PRN SOLE 0 0 500000
DLJ CAPITAL TRUST I TR PFD SEC PREFERRED STOCKS 23321W202 610 24650 SH DEFINED 0 3000 21650
DOW CHEMICAL CORP COM 260543103 301 2650 SH SOLE 0 0 2650
DURA PHARMACEUTICALS 3.500% 07 CONVERTIBLE BOND 26632SAA7 265 345000 PRN SOLE 0 0 345000
EASTMAN KODAK CO COM 277461109 3358 44399 SH SOLE 0 0 44399
EL PASO ENERGY CAP CONV PFD 4. CONVERTIBLE PREF 283678209 707 13500 SH SOLE 0 0 13500
EQUITY RESIDENTIAL PPTYS TR PF PREFERRED STOCKS 29476L883 485 20000 SH SOLE 0 0 20000
EQUITY RESIDENTIAL PPTYS TR PF CONVERTIBLE PREF 29476L826 640 23800 SH DEFINED 0 1500 22300
EQUITY RESIDENTIAL PROP CONVRT CONVERTIBLE PREF 29476L859 623 30000 SH DEFINED 0 500 29500
EXXON CORP COM 302290101 1688 22207 SH DEFINED 0 600 21607
FEDERAL NAT MORTGAGE ASSN COM 313586109 342 5448 SH SOLE 0 0 5448
FEDERAL SIGNAL CORP COM COM 313855108 449 22600 SH DEFINED 0 2100 20500
FIRST MERCHANTS ACCEP CORP COM 320816101 0 26900 SH DEFINED 0 600 26300
FIRSTSERVICE CORP SUB VTG SH COM 33761N109 121 10000 SH SOLE 0 0 10000
FLEETWOOD CAPITAL TRUST PFD PREFERRED STOCKS 339072407 345 10000 SH SOLE 0 0 10000
GATX CORP COM 361448103 1869 60154 SH DEFINED 0 1000 59154
GAYLORD CONTAINER CORP CL A COM 368145108 80 11172 SH SOLE 0 0 11172
GENERAL ELECTRIC CO COM 369604103 4084 34442 SH DEFINED 0 398 34044
GILLETTE CO COM 375766102 269 7936 SH SOLE 0 0 7936
GOLDEN ST BANCORP INC LTGTN TR WARRANT AND RIGH 381197136 85 71300 SH SOLE 0 0 71300
GOLDEN STATE BANCORP COM 381197102 1279 71300 SH SOLE 0 0 71300
GOODRICH B F CO COM COM 382388106 3666 126400 SH DEFINED 0 4700 121700
GTE CORP COM 362320103 314 4090 SH SOLE 0 0 4090
GULF USA CORP COM COM 4025719B1 4 32940 SH DEFINED 0 5940 27000
HALLIBURTON CO COM COM 406216101 3850 93910 SH DEFINED 0 2000 91910
HANNA M A CO COM COM 410522106 1616 142100 SH DEFINED 0 2200 139900
HA-LO INDS INC COM COM 404429102 246 39375 SH DEFINED 0 3600 35775
HEALTH MGMT ASSOC INC NEW CL A COM 421933102 105 13500 SH DEFINED 0 5000 8500
HEALTHSOUTH CORP SUB NT 3.250% CONVERTIBLE BOND 421924AF8 231 300000 PRN SOLE 0 0 300000
HEALTHSOUTH CORP SUB NT 3.250% CONVERTIBLE BOND 421924AD3 385 500000 PRN SOLE 0 0 500000
HEARTLAND EXPRESS INC COM COM 422347104 404 28600 SH DEFINED 0 3800 24800
HELLER FINL INC CL A COM 423328103 1719 76400 SH DEFINED 0 3300 73100
HILTON HOTELS CORP CVT 5.000% CONVERTIBLE BOND 432848AL3 1215 1500000 PRN SOLE 0 0 1500000
HITACHI LTD ADR COM 433578507 218 2000 SH DEFINED 0 0 2000
HOME DEPOT INC COM 437076102 206 3000 SH SOLE 0 0 3000
HVIDE MARINE INC CL A COM 448515106 40 20100 SH DEFINED 0 1700 18400
IDEX CORP COM COM 45167R104 6028 212893 SH DEFINED 0 3975 208918
IMMUNE RESPONSE CORP DEL COM 45252T106 458 94000 SH SOLE 0 0 94000
INCO LTD CVT 7.750% 03/15/16 CONVERTIBLE BOND 453258AH8 1134 1250000 PRN SOLE 0 0 1250000
INGERSOLL RAND PRIDES 6.750% CONVERTIBLE PREF 456867209 1019 38800 SH DEFINED 0 1300 37500
INTEL CORP COM 458140100 518 6970 SH DEFINED 0 350 6620
INTL BUSINESS MACHINES CORP COM 459200101 10632 87864 SH SOLE 0 0 87864
IONICS INC COM COM 462218108 269 8300 SH DEFINED 0 600 7700
IPC HOLDINGS LTD COM COM G4933P101 1180 62924 SH DEFINED 0 600 62324
KELLSTROM INDS INC 5.500% 06/1 CONVERTIBLE BOND 488035AE6 338 500000 PRN SOLE 0 0 500000
KIMBERLY CLARK CORP COM 494368103 319 6050 SH SOLE 0 0 6050
KOPIN CORP COM COM 500600101 4306 155160 SH DEFINED 0 1500 153660
LO JACK CORP COM COM 539451104 154 18600 SH DEFINED 0 900 17700
LOEWS CORP 3.125% 09/15/07 CONVERTIBLE BOND 540424AL2 855 1000000 PRN SOLE 0 0 1000000
LUCENT TECHNOLOGIES INC COM COM 549463107 540 8324 SH DEFINED 0 72 8252
MAGNA INTL INC 4.875% 02/15/05 CONVERTIBLE BOND 559222AG9 683 750000 PRN SOLE 0 0 750000
MAGNA INTL INC 4.875% 02/15/05 CONVERTIBLE BOND 559222AF1 683 750000 PRN SOLE 0 0 750000
MANOR CARE INC NEW COM COM 564055101 254 14800 SH DEFINED 0 1200 13600
MARK IV IND CONV SUB NT 144 4. CONVERTIBLE BOND 570387AN0 649 750000 PRN SOLE 0 0 750000
MAY DEPT STORES CO COM 577778103 336 9210 SH SOLE 0 0 9210
MCKESSON FINANCING TRUST-5% CONVERTIBLE PREF 58155P501 1296 27500 SH SOLE 0 0 27500
MEDICAL CARE INTL INC SUB D 7. CONVERTIBLE BOND 584505AB7 566 615000 PRN SOLE 0 0 615000
MERCK & CO INC COM 589331107 1024 15800 SH SOLE 0 0 15800
MERRILL LYNCH & CO INC STRYPES CONVERTIBLE PREF 590188751 357 20500 SH SOLE 0 0 20500
MICROSOFT CORP COM 594918104 264 2910 SH SOLE 0 0 2910
MOBIL CORP COM 607059102 748 7426 SH SOLE 0 0 7426
MOLEX INC COM 608554101 2663 73200 SH DEFINED 0 3449 69751
MONSANTO CO COM 611662107 2688 75307 SH DEFINED 0 1800 73507
MONSANTO CO PFD ADJ 6.500% CONVERTIBLE PREF 611662305 1469 40800 SH DEFINED 0 1000 39800
MOTOROLA INC COM 620076109 1912 21727 SH DEFINED 0 127 21600
MYLAN LABS INC COM COM 628530107 327 17800 SH SOLE 0 0 17800
NATIONAL AUSTRALIA BK LTD CAP CONVERTIBLE PREF 632525309 2561 93550 SH DEFINED 0 4400 89150
NCR CORP NEW COM COM 62886E108 2961 89562 SH DEFINED 0 3500 86062
NEWELL FINANCIAL 5.25% 12/01/2 CONVERTIBLE PREF 651195208 709 17500 SH SOLE 0 0 17500
NEWELL FINL TR I 5.250% PFD PREFERRED STOCKS 651195307 622 15900 SH DEFINED 0 300 15600
NEWSCORP OVERSEAS PREF SHS SER PREFERRED STOCKS G6478B108 247 10700 SH DEFINED 0 1000 9700
NISOURCE INC PIES CORP PREFERRED STOCKS 65473P303 1046 24400 SH DEFINED 0 500 23900
NORTH AMER VACCINE CONV SUB 6. CONVERTIBLE BOND 657201AC3 104 260000 PRN SOLE 0 0 260000
NORTH AMER VACCINE REG S CN 6. CONVERTIBLE BOND 571995JR1 178 390000 PRN DEFINED 0 15000 375000
NORTH AMERICAN VACCINE CVT 6.5 CONVERTIBLE BOND 657201AA7 250 500000 PRN SOLE 0 0 500000
NORTH AMERN VACCINE INC COM COM 657201109 1634 217890 SH DEFINED 0 5400 212490
NUCOR CORP COM COM 670346105 262 5500 SH DEFINED 0 1000 4500
ODETICS INC CL A COM 676065204 463 44056 SH SOLE 0 0 44056
OMI CORP COM COM Y6476W104 59 23000 SH SOLE 0 0 23000
OWENS CORNING COM COM 69073F103 262 12100 SH DEFINED 0 500 11600
OWENS ILL INC PFD CONV 4.750% CONVERTIBLE PREF 690768502 377 11500 SH SOLE 0 0 11500
OWENS-CORNING CAPITAL LLC 6.50 CONVERTIBLE PREF 690733209 388 10000 SH SOLE 0 0 10000
OXY CAP TR I TOPS 8.16% PREFERRED STOCKS 692070204 540 23750 SH DEFINED 0 1800 21950
PACIFIC TELESIS FING I TR ORG PREFERRED STOCKS 694887209 209 8900 SH DEFINED 0 200 8700
PALL CORP COM 696429307 849 36600 SH DEFINED 0 1000 35600
PEP BOYS MANNY MOE & JACK 0.00 CONVERTIBLE BOND 713278AJ8 217 395000 PRN SOLE 0 0 395000
PEPSICO INC COM 713448108 741 24300 SH DEFINED 0 400 23900
PFIZER INC COM 717081103 292 8130 SH SOLE 0 0 8130
PHILADELPHIA CONS HLDG CORP IN CONVERTIBLE PREF 717528301 563 87500 SH DEFINED 0 2000 85500
PHILIP MORRIS COS INS COM 718154107 1045 30561 SH SOLE 0 0 30561
PHILIP SVCS CORP COM COM 71819M103 12 45900 SH SOLE 0 0 45900
POSSIS CORP COM 737407106 114 10000 SH SOLE 0 0 10000
PRISON RLTY CORP COM COM 74264N105 118 11000 SH DEFINED 0 300 10700
PROCTER & GAMBLE CO COM 742718109 281 3000 SH SOLE 0 0 3000
PUBLIC STORAGE INC DS 1/1000 8 PREFERRED STOCKS 74460D778 246 10600 SH DEFINED 0 1000 9600
QUANEX CORP COM 747620102 828 32300 SH SOLE 0 0 32300
QUANEX CORP CVT DEB 6.880% 06/ CONVERTIBLE BOND 747620AC6 2299 2265000 PRN SOLE 0 0 2265000
RALSTON PURINA CO CONV PFD 7.0 CONVERTIBLE PREF 751277401 470 10000 SH SOLE 0 0 10000
RESPIRONICS INC COM COM 761230101 235 28500 SH DEFINED 0 1700 26800
RITE AID CORP 5.250% 09/15/02 CONVERTIBLE BOND 767754AL8 1512 1750000 PRN SOLE 0 0 1750000
ROBERT HALF INTL INC COM COM 770323103 480 20200 SH DEFINED 0 1000 19200
ROHM & HAAS CO COM COM 775371107 323 8952 SH SOLE 0 0 8952
ROUSE CO PFD CONV B % CONVERTIBLE PREF 779273309 356 10000 SH SOLE 0 0 10000
ROYAL DUTCH PETRO-NY SHARES COM 780257804 2804 47480 SH SOLE 0 0 47480
SBC COMMUNICATIONS, INC COMMON COM 78387G103 622 12178 SH SOLE 0 0 12178
SCHLUMBERGER LTD COM 806857108 515 8270 SH SOLE 0 0 8270
SCOTTISH ANNUITY & LIFE HLDGOR COM G7885T104 139 14250 SH SOLE 0 0 14250
SIMULA INC CONV SR SUB NTS 8.0 CONVERTIBLE BOND 829206AB7 217 300000 PRN SOLE 0 0 300000
SOLA INTL INC COM COM 834092108 2229 143784 SH DEFINED 0 2200 141584
SONY CORP ADR FOREIGN COMMON S 835699307 600 4000 SH DEFINED 0 0 4000
ST JOE CORP COM COM 790148100 682 31632 SH SOLE 0 0 31632
ST PAUL CAP L L C MNTH INC PFD CONVERTIBLE PREF 792856205 355 6500 SH SOLE 0 0 6500
TECHNOMATIX TECH CONV SUB 5.25 CONVERTIBLE BOND 878732AA4 578 750000 PRN SOLE 0 0 750000
TECNOMATIX TECHNOLOGIES 5.250% CONVERTIBLE BOND 878732AD8 308 400000 PRN SOLE 0 0 400000
TEXACO INC COM 881694103 968 15341 SH DEFINED 0 500 14841
TEXAS UTILS CO INCOME PRIDES PREFERRED STOCKS 882848203 1437 29150 SH DEFINED 0 500 28650
THE CHASE MANHATTEN CORPORATIO COM 16161A108 287 3814 SH DEFINED 0 400 3414
THERMO INSTRUMENT SYS CONV 4.5 CONVERTIBLE BOND 883559AC0 1075 1250000 PRN SOLE 0 0 1250000
THERMO INSTRUMENT SYS INC 4.50 CONVERTIBLE BOND U88355AF6 430 500000 PRN SOLE 0 0 500000
TII INDS INC COM NEW COM 872479209 46 31400 SH DEFINED 0 4500 26900
TIMKEN CO COM COM 887389104 218 13500 SH DEFINED 0 500 13000
TOWER AUTOMOTIVE 3.375% 6/30/1 CONVERTIBLE PREF 891706202 304 7500 SH SOLE 0 0 7500
TRANSAMERICA CUM MIPS PREFERRED STOCKS 893490201 373 14900 SH DEFINED 0 2000 12900
TRAVELERS PPTY CAS CORP CL A COM 893939108 251 8525 SH SOLE 0 0 8525
TRINET CORP RLTY TR INC PFD SE PREFERRED STOCKS 896287406 230 13600 SH DEFINED 0 1000 12600
TUSCARORA PLASTIC INC COM 900902107 271 21500 SH DEFINED 0 1000 20500
UNION PACIFIC CORP COM 907818108 232 4818 SH SOLE 0 0 4818
UNOCAL CAP TRUST 6.25% TR CONV CONVERTIBLE PREF 91528T207 1377 25500 SH SOLE 0 0 25500
VISHAY INTERTECHNOLOGY COM 928298108 5562 234175 SH DEFINED 0 3715 230460
VLSI TECH INC CONV SUB NTS 8.2 CONVERTIBLE BOND 918270AB5 424 417000 PRN DEFINED 0 45000 372000
WASTE MGMT INC DTD 02/01/9 4.0 CONVERTIBLE BOND 94106LAA7 898 1000000 PRN SOLE 0 0 1000000
WATTS INDS INC COM 942749102 265 12200 SH DEFINED 0 1400 10800
WELLS FARGO NEW COM 949746101 396 10000 SH SOLE 0 0 10000
WENDYS FING I GTCST PFD A CONVERTIBLE PREF 950588202 791 14000 SH SOLE 0 0 14000
WRIGLEY WM JR CO COM 982526105 341 4960 SH SOLE 0 0 4960
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