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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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: Kenneth Lipper
Address: 101 Park Avenue, 6th Floor
New York, New York 10178
Form 13F File Number: 28-6106
The institutional investment manager filing this report and the
attachment hereto 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: Kenneth Lipper
Phone: (212) 883-6333
Signature, Place and Date of Signing:
/s/ Kenneth Lipper New York, New York November 12, 1999
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[_] 13F NOTICE (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary
Number of Other Included Managers: 5
Form 13F Information Table Entry Total: 60
Form 13F Information Table Value Total: $142,453 (thousands)
CONFIDENTIAL INFORMATION HAS BEEN OMITTED FROM THE PUBLIC FORM 13F REPORT AND
FILED SEPARATELY WITH THE COMMISSION.
List of Other Included Mangers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is
filed, other than the manager filing this report.
No. Form 13F File Number Name
1 28-6547 Jerome Services Corp. LDC
2 28-6112 Lipper & Company, Inc.
3 28-6114 Lipper & Company, L.P.
4 28-6108 Lipper Convertibles, L.P.
5 28-6802 Lipper Holdings, LLC
<PAGE>
ATTACHMENT
Kenneth Lipper ("K. Lipper") owns a majority of the shares of Lipper & Company,
Inc. ("Lipper Inc."), a Delaware corporation, and a majority of the member
interests of Lipper Holdings, LLC ("Lipper Holdings"), a Delaware limited
liability company. Lipper Inc. is the general partner of Lipper & Company, L.P.
("Lipper L.P."), a Delaware limited partnership, and the manager of Lipper
Holdings. Lipper L.P. is the investment manager of a number of limited
partnerships. Lipper Holdings is the general partner of a number of limited
partnerships, some of which are or may be deemed to be "institutional investment
managers" for the purposes of the reporting requirements under Section 13(f) of
the Act, including Lipper Convertibles, L.P. ("Lipper Convertibles"). K. Lipper
is the majority shareholder of Jerome Service Corp. LDC ("Jerome Services"), a
Cayman Islands limited duration company, which is the general partner of a
number of limited partnerships. K. Lipper, by virtue of his relationship to the
aforementioned entities, may be deemed to exercise investment discretion with
respect to the Section 13(f) securities held directly and indirectly by such
entities, but K. Lipper disclaims investment discretion with respect to such
Section 13(f) securities for all other purposes. To the extent that K. Lipper's
interest in the aforementioned entities may nevertheless give rise to a Form 13F
filing obligation for K. Lipper, the information required by Form 13F is
reported herein on behalf of certain entities which are themselves institutional
investment managers subject to Section 13(f) of the Act. In that regard, the
Section 13(f) securities positions of Jerome Services, Lipper Inc., Lipper L.P.,
Lipper Convertibles and Lipper Holdings are included in this Form 13F-HR report
by K. Lipper on behalf of himself and each such entity.
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Col. 1 Col. 2 Col. 3 Col. 4 Col. 5 Col. 6 Col. 7 Col. 8
- ------------------------------------------------------------------------------------------------------------------------------------
Fair Market Shares or Voting Authority
Val Principal Investment Other ----------------------
Name of Issuer Title of Class CUSIP No. (x$1000) Amt Discretion Managers Sole Shared None
- -------------- -------------- ----------- ------------ --------- ---------- -------- ------ ------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 1,448 34,900 Shared-Def 2,3 34,900
- ------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 1,054 25,400 Shared-Def 25,400
- ------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 448 10,800 Shared-Def 1,2,3 10,800
- ------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 5,287 127,400 Shared-Def 2,3,5 127,400
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 2,613 113,900 Shared-Def 2,3 113,900
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,239 54,000 Shared-Def 54,000
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,039 45,300 Shared-Def 1,2,3 45,300
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 7,620 332,200 Shared-Def 2,3,5 332,200
- ------------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 947 36,600 Shared-Def 36,600
- ------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 10,900 179,050 Shared-Def 2,3 179,050
- ------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 1,278 21,000 Shared-Def 21,000
- ------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 939 15,241 Shared-Def 1,2,3 15,241
- ------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 8,133 133,600 Shared-Def 2,3,5 133,600
- ------------------------------------------------------------------------------------------------------------------------------------
General Mtrs Corp Com 370442 10 5 3,795 60,300 Shared-Def 2,3 60,300
- ------------------------------------------------------------------------------------------------------------------------------------
General Mtrs Corp Com 370442 10 5 1,208 19,200 Shared-Def 19,200
- ------------------------------------------------------------------------------------------------------------------------------------
General Mtrs Corp Com 370442 10 5 906 14,400 Shared-Def 1,2,3 14,400
- ------------------------------------------------------------------------------------------------------------------------------------
General Mtrs Corp Com 370442 10 5 3,531 56,100 Shared-Def 2,3,5 56,100
- ------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 6,469 113,000 Shared-Def 2,3 113,000
- ------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 4,065 71,000 Shared-Def 71,000
- ------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 1,454 25,400 Shared-Def 1,2,3 25,400
- ------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 10,276 179,500 Shared-Def 2,3,5 179,500
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,406 3,125,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,310 3,000,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 3,080 4,000,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 289 375,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Household Intl Inc Com 441815 10 7 1,184 29,500 Shared-Def 29,500
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 4,458 215,500 Shared-Def 2,3 215,500
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 1,876 90,700 Shared-Def 90,700
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 645 31,200 Shared-Def 1,2,3 31,200
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 4,688 226,600 Shared-Def 2,3,5 226,600
- ------------------------------------------------------------------------------------------------------------------------------------
Loral Space & Comm Com G56462 10 7 1,545 89,900 Shared-Def 2,3 89,900
- ------------------------------------------------------------------------------------------------------------------------------------
Loral Space & Comm Com G56462 10 7 344 20,000 Shared-Def 20,000
- ------------------------------------------------------------------------------------------------------------------------------------
Loral Space & Comm Com G56462 10 7 345 20,100 Shared-Def 1,2,3 20,100
- ------------------------------------------------------------------------------------------------------------------------------------
Loral Space & Comm Com G56462 10 7 480 27,900 Shared-Def 2,3,5 27,900
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 1,705 2,125,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 100 125,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,809 3,500,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 201 250,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 4,622 129,500 Shared-Def 2,3 129,500
- ------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 1,217 34,100 Shared-Def 34,100
- ------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 906 25,400 Shared-Def 1,2,3 25,400
- ------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 6,463 181,100 Shared-Def 2,3,5 181,100
- ------------------------------------------------------------------------------------------------------------------------------------
Office Depot Com 676220 10 6 596 58,500 Shared-Def 58,500
- ------------------------------------------------------------------------------------------------------------------------------------
Old Guard Group Inc Com 679783 10 0 298 26,500 Shared-Def 2,3 26,500
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 2,113 3,250,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 1,869 2,875,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 2,925 4,500,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 244 375,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Polymer Group Inc Com 731745 10 5 7 11,167 Shared-Def 2,3 11,167
- ------------------------------------------------------------------------------------------------------------------------------------
Republic NY Com 760719 10 4 1,290 21,000 Shared-Def 21,000
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 2,548 67,500 Shared-Def 2,3 67,500
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 1,608 42,600 Shared-Def 42,600
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 513 13,600 Shared-Def 1,2,3 13,600
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 4,462 118,200 Shared-Def 2,3,5 118,200
- ------------------------------------------------------------------------------------------------------------------------------------
Steinway Musical Instrs Com 858495 10 4 430 20,575 Shared-Def 2,3,5 20,575
Inc
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,410 1,625,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 2,819 3,250,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,627 1,875,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 217 250,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Watson Pharmaceuticals Com 942683 10 3 1,155 37,800 Shared-Def 37,800
Inc
- ------------------------------------------------------------------------------------------------------------------------------------
142,453
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
