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THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON MAY 14,
1999 PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH CONFIDENTIAL
TREATMENT EXPIRED ON MAY 14, 2000.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one):
[X] is a restatement.
[X] 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 May 12, 2000
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: 107
Form 13F Information Table Value Total: $230,430 (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
- -----------------------------------------------------------------------------------------------------------------------------------
Voting Authority
Fair Market Shares or Investment Other --------------------------
Name of Issuer Title of Class CUSIP No. Val (x$1000) Prn Amt Discretion Managers Sole Shared None
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Adaptec Inc 4.75% Conv '04 00651F AC 2 1,764 2,125,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
Adaptec Inc 4.75% Conv '04 00651F AC 2 415 500,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Adaptec Inc 4.75% Conv '04 00651F AC 2 830 1,000,000 Shared-Def
- -----------------------------------------------------------------------------------------------------------------------------------
Adaptec Inc 4.75% Conv '04 00651F AC 2 311 375,000 Shared-Def 1,2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Airtouch Comm Com 00949T 10 0 686 7,100 Shared-Def 2,3 7,100
- -----------------------------------------------------------------------------------------------------------------------------------
Airtouch Comm Com 00949T 10 0 8,136 84,200 Shared-Def 2,3,5 84,200
- -----------------------------------------------------------------------------------------------------------------------------------
Airtouch Comm Com 00949T 10 0 1,362 14,100 Shared-Def 1,2,3 14,100
- -----------------------------------------------------------------------------------------------------------------------------------
American Bnkrs Ins Grp Com 024456 10 5 52 1,000 Shared-Def 2,3 1,000
- -----------------------------------------------------------------------------------------------------------------------------------
American Bnkrs Ins Grp Com 024456 10 5 650 12,500 Shared-Def 2,3,5 12,500
- -----------------------------------------------------------------------------------------------------------------------------------
American Bnkrs Ins Grp Com 024456 10 5 120 2,300 Shared-Def 1,2,3 2,300
- -----------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 2,597 39,800 Shared-Def 2,3 39,800
- -----------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 1,657 25,400 Shared-Def 25,400
- -----------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 705 10,800 Shared-Def 1,2,3 10,800
- -----------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 5,050 77,400 Shared-Def 2,3,5 77,400
- -----------------------------------------------------------------------------------------------------------------------------------
American Stores Co Com 030096 10 1 373 11,300 Shared-Def 2,3 11,300
- -----------------------------------------------------------------------------------------------------------------------------------
American Stores Co Com 030096 10 1 4,178 126,600 Shared-Def 2,3,5 126,600
- -----------------------------------------------------------------------------------------------------------------------------------
American Stores Co Com 030096 10 1 716 21,700 Shared-Def 1,2,3 21,700
- -----------------------------------------------------------------------------------------------------------------------------------
Ascend Comm Com 043491 10 9 921 11,000 Shared-Def 2,3 11,000
- -----------------------------------------------------------------------------------------------------------------------------------
Ascend Comm Com 043491 10 9 10,787 128,900 Shared-Def 2,3,5 128,900
- -----------------------------------------------------------------------------------------------------------------------------------
Ascend Comm Com 043491 10 9 1,841 22,000 Shared-Def 1,2,3 22,000
- -----------------------------------------------------------------------------------------------------------------------------------
Bankers Tr Corp Com 066365 10 7 609 6,900 Shared-Def 2,3 6,900
- -----------------------------------------------------------------------------------------------------------------------------------
Bankers Tr Corp Com 066365 10 7 7,016 79,500 Shared-Def 2,3,5 79,500
- -----------------------------------------------------------------------------------------------------------------------------------
Bankers Tr Corp Com 066365 10 7 1,200 13,600 Shared-Def 1,2,3 13,600
- -----------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 3,609 113,900 Shared-Def 2,3 113,900
- -----------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,426 45,000 Shared-Def 45,000
- -----------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,435 45,300 Shared-Def 1,2,3 45,300
- -----------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 10,527 332,200 Shared-Def 2,3,5 332,200
- -----------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 1,125 36,600 Shared-Def 36,600
- -----------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 148 4,800 Shared-Def 2,3 4,800
- -----------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 1,565 50,900 Shared-Def 2,3,5 50,900
- -----------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 286 9,300 Shared-Def 1,2,3 9,300
- -----------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 10,666 183,700 Shared-Def 2,3 183,700
- -----------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 1,219 21,000 Shared-Def 21,000
- -----------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 1,068 18,400 Shared-Def 1,2,3 18,400
- -----------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 7,757 133,600 Shared-Def 2,3,5 133,600
- -----------------------------------------------------------------------------------------------------------------------------------
Executive Risk Inc Com 301586 10 3 199 2,800 Shared-Def 2,3 2,800
- -----------------------------------------------------------------------------------------------------------------------------------
Executive Risk Inc Com 301586 10 3 2,258 31,800 Shared-Def 2,3,5 31,800
- -----------------------------------------------------------------------------------------------------------------------------------
Executive Risk Inc Com 301586 10 3 383 5,400 Shared-Def 1,2,3 5,400
- -----------------------------------------------------------------------------------------------------------------------------------
Frontier Corporation Com 35906P 10 5 223 4,300 Shared-Def 2,3 4,300
- -----------------------------------------------------------------------------------------------------------------------------------
Frontier Corporation Com 35906P 10 5 2,594 50,000 Shared-Def 2,3,5 50,000
- -----------------------------------------------------------------------------------------------------------------------------------
Frontier Corporation Com 35906P 10 5 467 9,000 Shared-Def 1,2,3 9,000
- -----------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 6,259 124,100 Shared-Def 2,3 124,100
- -----------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 3,581 71,000 Shared-Def 71,000
- -----------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 1,281 25,400 Shared-Def 1,2,3 25,400
- -----------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 9,054 179,500 Shared-Def 2,3,5 179,500
- -----------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 4,921 82,800 Shared-Def 2,3 82,800
- -----------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 1,474 24,800 Shared-Def 24,800
- -----------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 886 14,900 Shared-Def 1,2,3 14,900
- -----------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 7,703 129,600 Shared-Def 2,3,5 129,600
- -----------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 1,435 1,750,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 410 500,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 410 500,000 Shared-Def
- -----------------------------------------------------------------------------------------------------------------------------------
Hexcel Corporation 7% Conv '03 428291 AA 6 1,750 2,125,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
Hexcel Corporation 7% Conv '03 428291 AA 6 462 561,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Hexcel Corporation 7% Conv '03 428291 AA 6 1,030 1,250,000 Shared-Def
- -----------------------------------------------------------------------------------------------------------------------------------
Hexcel Corporation 7% Conv '03 428291 AA 6 206 250,000 Shared-Def 1,2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Honeywell Inc Com 438506 10 7 5,019 66,200 Shared-Def 2,3 66,200
- -----------------------------------------------------------------------------------------------------------------------------------
Honeywell Inc Com 438506 10 7 1,403 18,500 Shared-Def 18,500
- -----------------------------------------------------------------------------------------------------------------------------------
Honeywell Inc Com 438506 10 7 902 11,900 Shared-Def 1,2,3 11,900
- -----------------------------------------------------------------------------------------------------------------------------------
Honeywell Inc Com 438506 10 7 7,839 103,400 Shared-Def 2,3,5 103,400
- -----------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 2,732 228,900 Shared-Def 2,3 228,900
- -----------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 605 50,700 Shared-Def 50,700
- -----------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 372 31,200 Shared-Def 1,2,3 31,200
- -----------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 2,705 226,600 Shared-Def 2,3,5 226,600
- -----------------------------------------------------------------------------------------------------------------------------------
Level One Comm Inc Com 527295 10 9 331 6,800 Shared-Def 2,3 6,800
- -----------------------------------------------------------------------------------------------------------------------------------
Level One Comm Inc Com 527295 10 9 3,681 75,700 Shared-Def 2,3,5 75,700
- -----------------------------------------------------------------------------------------------------------------------------------
Level One Comm Inc Com 527295 10 9 656 13,500 Shared-Def 1,2,3 13,500
- -----------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 1,617 92,000 Shared-Def 2,3 92,000
- -----------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 289 20,000 Shared-Def 20,000
- -----------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 290 20,100 Shared-Def 1,2,3 20,100
- -----------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 2,135 147,900 Shared-Def 2,3,5 147,900
- -----------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,118 2,750,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 674 875,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 1,540 2,000,000 Shared-Def
- -----------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 289 375,000 Shared-Def 1,2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Mobil Corp Com 607059 10 2 695 7,900 Shared-Def 2,3 7,900
- -----------------------------------------------------------------------------------------------------------------------------------
Mobil Corp Com 607059 10 2 7,718 87,700 Shared-Def 2,3,5 87,700
- -----------------------------------------------------------------------------------------------------------------------------------
Mobil Corp Com 607059 10 2 1,390 15,800 Shared-Def 1,2,3 15,800
- -----------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 5,903 128,500 Shared-Def 2,3 128,500
- -----------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 1,566 34,100 Shared-Def 34,100
- -----------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 1,167 25,400 Shared-Def 1,2,3 25,400
- -----------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 8,319 181,100 Shared-Def 2,3,5 181,100
- -----------------------------------------------------------------------------------------------------------------------------------
Nine West Group Inc 5.5% Conv '03 65440D AC 6 252 270,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Nine West Group Inc 5.5% Conv '03 65440D AC 6 2,777 2,970,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
Nine West Group Inc 5.5% Conv '03 65440D AC 6 486 520,000 Shared-Def 1,2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD0 2,173 2,750,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD0 1,876 2,375,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD0 1,580 2,000,000 Shared-Def
- -----------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD0 296 375,000 Shared-Def 1,2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Platinum Tech Inc Com 72764T 10 1 163 6,400 Shared-Def 2,3 6,400
- -----------------------------------------------------------------------------------------------------------------------------------
Platinum Tech Inc Com 72764T 10 1 2,025 79,400 Shared-Def 2,3,5 79,400
- -----------------------------------------------------------------------------------------------------------------------------------
Platinum Tech Inc Com 72764T 10 1 362 14,200 Shared-Def 1,2,3 14,200
- -----------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 1,989 75,600 Shared-Def 2,3 75,600
- -----------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 1,121 42,600 Shared-Def 42,600
- -----------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 358 13,600 Shared-Def 1,2,3 13,600
- -----------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 3,110 118,200 Shared-Def 2,3,5 118,200
- -----------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,442 1,625,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,997 2,250,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,664 1,875,000 Shared-Def
- -----------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 222 250,000 Shared-Def 1,2,3
- -----------------------------------------------------------------------------------------------------------------------------------
VLSI Technology Inc Com 918270 10 9 70 3,600 Shared-Def 2,3 3,600
- -----------------------------------------------------------------------------------------------------------------------------------
VLSI Technology Inc Com 918270 10 9 769 39,700 Shared-Def 2,3,5 39,700
- -----------------------------------------------------------------------------------------------------------------------------------
VLSI Technology Inc Com 918270 10 9 130 6,700 Shared-Def 1,2,3 6,700
- -----------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 1,690 1,875,000 Shared-Def 2,3,5
- -----------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 665 738,000 Shared-Def 2,3
- -----------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 1,127 1,250,000 Shared-Def
- -----------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 338 375,000 Shared-Def 1,2,3
- -----------------------------------------------------------------------------------------------------------------------------------
230,430
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
