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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, 2000
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 14, 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 1
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary
Number of Other Included Managers: 5
Form 13F Information Table Entry Total: 171
Form 13F Information Table Value Total: $111,806 (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
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 2
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
INFORMATION TABLE
------------------------------------------------------------------------------------------------------------------------------------
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>
ALCOA INC Com 013817 10 1 182 7,200 Shared-Def 2,3 7,200
ALCOA INC Com 013817 10 1 213 8,400 Shared-Def 8,400
ALCOA INC Com 013817 10 1 152 6,000 Shared-Def 1,2,3 6,000
ALCOA INC Com 013817 10 1 213 8,400 Shared-Def 2,3,5 8,400
AMERICA ONLINE INC DEL Com 02364J 10 4 4569 85,000 Shared-Def 2,3 85,000
AMERICA ONLINE INC DEL Com 02364J 10 4 1236 23,000 Shared-Def 23,000
AMERICA ONLINE INC DEL Com 02364J 10 4 1516 28,200 Shared-Def 1,2,3 28,200
AMERICA ONLINE INC DEL Com 02364J 10 4 1978 36,800 Shared-Def 2,3,5 36,800
AMGEN INC Com 031162 10 0 503 7,200 Shared-Def 2,3 7,200
AMGEN INC Com 031162 10 0 587 8,400 Shared-Def 8,400
AMGEN INC Com 031162 10 0 419 6,000 Shared-Def 1,2,3 6,000
AMGEN INC Com 031162 10 0 587 8,400 Shared-Def 2,3,5 8,400
CISCO SYS INC Com 17275R 10 2 425 7,700 Shared-Def 2,3 7,700
CISCO SYS INC Com 17275R 10 2 359 6,500 Shared-Def 6,500
CISCO SYS INC Com 17275R 10 2 332 6,000 Shared-Def 1,2,3 6,000
CISCO SYS INC Com 17275R 10 2 431 7,800 Shared-Def 2,3,5 7,800
COCA COLA CO Com 191216 10 0 595 10,800 Shared-Def 2,3 10,800
COCA COLA CO Com 191216 10 0 496 9,000 Shared-Def 9,000
COCA COLA CO Com 191216 10 0 441 8,000 Shared-Def 1,2,3 8,000
COCA COLA CO Com 191216 10 0 562 10,200 Shared-Def 2,3,5 10,200
COLGATE PALMOLIVE Com 194162 10 3 566 12,000 Shared-Def 2,3 12,000
COLGATE PALMOLIVE Com 194162 10 3 510 10,800 Shared-Def 10,800
COLGATE PALMOLIVE Com 194162 10 3 444 9,400 Shared-Def 1,2,3 9,400
COLGATE PALMOLIVE Com 194162 10 3 557 11,800 Shared-Def 2,3,5 11,800
COLT TELECOM GROUP PLC Sponsored ADR 196877 10 4 441 4,000 Shared-Def 2,3 4,000
DU PONT E I DE NEMOURS & CO Com 263534 10 9 226 5,450 Shared-Def 2,3 5,450
DU PONT E I DE NEMOURS & CO Com 263534 10 9 207 5,000 Shared-Def 5,000
DU PONT E I DE NEMOURS & CO Com 263534 10 9 166 4,000 Shared-Def 1,2,3 4,000
DU PONT E I DE NEMOURS & CO Com 263534 10 9 249 6,000 Shared-Def 2,3,5 6,000
DURA PHARMACEUTICALS INC Com 26632S 10 9 269 7,600 Shared-Def 2,3 7,600
DURA PHARMACEUTICALS INC Com 26632S 10 9 290 8,200 Shared-Def 8,200
DURA PHARMACEUTICALS INC Com 26632S 10 9 212 6,000 Shared-Def 1,2,3 6,000
DURA PHARMACEUTICALS INC Com 26632S 10 9 290 8,200 Shared-Def 2,3,5 8,200
ELECTRONIC DATA SYS NEW Com 285661 10 4 992 23,900 Shared-Def 2,3 23,900
ELECTRONIC DATA SYS NEW Com 285661 10 4 1,307 31,500 Shared-Def 31,500
ELECTRONIC DATA SYS NEW Com 285661 10 4 801 19,300 Shared-Def 1,2,3 19,300
ELECTRONIC DATA SYS NEW Com 285661 10 4 1,050 25,300 Shared-Def 2,3,5 25,300
EXXON MOBIL CORP Com 30231G 10 2 232 2,600 Shared-Def 2,3 2,600
EXXON MOBIL CORP Com 30231G 10 2 285 3,200 Shared-Def 3,200
EXXON MOBIL CORP Com 30231G 10 2 178 2,000 Shared-Def 1,2,3 2,000
EXXON MOBIL CORP Com 30231G 10 2 285 3,200 Shared-Def 2,3,5 3,200
FEDERAL HOME LN MTG CORP Com 313400 30 1 270 5,000 Shared-Def 2,3 5,000
FEDERAL HOME LN MTG CORP Com 313400 30 1 270 5,000 Shared-Def 5,000
FEDERAL HOME LN MTG CORP Com 313400 30 1 216 4,000 Shared-Def 1,2,3 4,000
FEDERAL HOME LN MTG CORP Com 313400 30 1 324 6,000 Shared-Def 2,3,5 6,000
FIRSTAR CORP NEW WIS Com 33763V 10 9 81 3,600 Shared-Def 2,3 3,600
FIRSTAR CORP NEW WIS Com 33763V 10 9 94 4,200 Shared-Def 4,200
FIRSTAR CORP NEW WIS Com 33763V 10 9 67 3,000 Shared-Def 1,2,3 3,000
FIRSTAR CORP NEW WIS Com 33763V 10 9 94 4,200 Shared-Def 2,3,5 4,200
HEALTHSOUTH CORP 3.25% Conv '03 421924 AF 8 2,680 3,200,000 Shared-Def 2,3,5
HEALTHSOUTH CORP 3.25% Conv '03 421924 AF 8 3,287 3,925,000 Shared-Def 2,3
HEALTHSOUTH CORP 3.25% Conv '03 421924 AF 8 2,722 3,250,000 Shared-Def
HEALTHSOUTH CORP 3.25% Conv '03 421924 AF 8 314 375,000 Shared-Def 1,2,3
HILTON HOTELS CORP 5% Conv '06 432848 AL 3 2,091 2,500,000 Shared-Def 2,3,5
HILTON HOTELS CORP 5% Conv '06 432848 AL 3 3,638 4,350,000 Shared-Def 2,3
HILTON HOTELS CORP 5% Conv '06 432848 AL 3 3,115 3,725,000 Shared-Def
HILTON HOTELS CORP 5% Conv '06 432848 AL 3 355 425,000 Shared-Def 1,2,3
HOME DEPOT INC Com 437076 10 2 265 5,000 Shared-Def 2,3 5,000
HOME DEPOT INC Com 437076 10 2 265 5,000 Shared-Def 5,000
HOME DEPOT INC Com 437076 10 2 212 4,000 Shared-Def 1,2,3 4,000
HOME DEPOT INC Com 437076 10 2 318 6,000 Shared-Def 2,3,5 6,000
HONEYWELL INTL INC Com 438516 10 6 2,590 72,700 Shared-Def 2,3 72,700
HONEYWELL INTL INC Com 438516 10 6 1,247 35,000 Shared-Def 35,000
HONEYWELL INTL INC Com 438516 10 6 652 18,300 Shared-Def 1,2,3 18,300
HONEYWELL INTL INC Com 438516 10 6 855 24,000 Shared-Def 2,3,5 24,000
INTEL CORP Com 458140 10 0 450 10,800 Shared-Def 2,3 10,800
INTEL CORP Com 458140 10 0 400 9,600 Shared-Def 9,600
INTEL CORP Com 458140 10 0 250 6,000 Shared-Def 1,2,3 6,000
INTEL CORP Com 458140 10 0 400 9,600 Shared-Def 2,3,5 9,600
INTL PAPER CO Com 460146 10 3 103 3,600 Shared-Def 2,3 3,600
INTL PAPER CO Com 460146 10 3 120 4,200 Shared-Def 4,200
INTL PAPER CO Com 460146 10 3 86 3,000 Shared-Def 1,2,3 3,000
INTL PAPER CO Com 460146 10 3 120 4,200 Shared-Def 2,3,5 4,200
JUNIPER NETWORKS INC Com 481905 10 4 153 700 Shared-Def 2,3 700
JUNIPER NETWORKS INC Com 481905 10 4 131 600 Shared-Def 600
JUNIPER NETWORKS INC Com 481905 10 4 109 500 Shared-Def 1,2,3 500
JUNIPER NETWORKS INC Com 481905 10 4 131 600 Shared-Def 2,3,5 600
LAUDER ESTEE COS INC Com 518439 10 4 454 12,400 Shared-Def 2,3 12,400
LAUDER ESTEE COS INC Com 518439 10 4 505 13,800 Shared-Def 13,800
LAUDER ESTEE COS INC Com 518439 10 4 366 10,000 Shared-Def 1,2,3 10,000
LAUDER ESTEE COS INC Com 518439 10 4 505 13,800 Shared-Def 2,3,5 13,800
LILLY ELI & CO Com 532457 10 8 300 3,700 Shared-Def 2,3 3,700
LILLY ELI & CO Com 532457 10 8 325 4,000 Shared-Def 4,000
LILLY ELI & CO Com 532457 10 8 243 3,000 Shared-Def 1,2,3 3,000
LILLY ELI & CO Com 532457 10 8 349 4,300 Shared-Def 2,3,5 4,300
LUCENT TECHNOLOGIES INC Com 549463 10 7 1,559 51,000 Shared-Def 2,3 51,000
MAIL-WELL INC 5% Conv '02 560321 AD 3 1,259 1,625,000 Shared-Def 2,3,5
MAIL-WELL INC 5% Conv '02 560321 AD 3 349 450,000 Shared-Def 2,3
MAIL-WELL INC 5% Conv '02 560321 AD 3 2,054 2,650,000 Shared-Def
MAIL-WELL INC 5% Conv '02 560321 AD 3 213 275,000 Shared-Def 1,2,3
MASCOTECH INC 4.5% Conv '03 574670 AB 1 1,199 1,750,000 Shared-Def 2,3,5
MASCOTECH INC 4.5% Conv '03 574670 AB 1 1,028 1,500,000 Shared-Def
MASCOTECH INC 4.5% Conv '03 574670 AB 1 171 250,000 Shared-Def 1,2,3
MOTOROLA INC Com 620076 10 9 378 13,400 Shared-Def 2,3 13,400
MOTOROLA INC Com 620076 10 9 338 12,000 Shared-Def 12,000
MOTOROLA INC Com 620076 10 9 282 10,000 Shared-Def 1,2,3 10,000
MOTOROLA INC Com 620076 10 9 412 14,600 Shared-Def 2,3,5 14,600
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
INFORMATION TABLE
------------------------------------------------------------------------------------------------------------------------------------
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>
NEXTEL COMMUNICATIONS INC Com 65332V 10 3 145 3,100 Shared-Def 2,3 3,100
NEXTEL COMMUNICATIONS INC Com 65332V 10 3 117 2,500 Shared-Def 2,500
NEXTEL COMMUNICATIONS INC Com 65332V 10 3 117 2,500 Shared-Def 1,2,3 2,500
NEXTEL COMMUNICATIONS INC Com 65332V 10 3 136 2,900 Shared-Def 2,3,5 2,900
NOKIA CORP Com 654902 20 4 398 10,000 Shared-Def 2,3 10,000
NOKIA CORP Com 654902 20 4 398 10,000 Shared-Def 10,000
NOKIA CORP Com 654902 20 4 319 8,000 Shared-Def 1,2,3 8,000
NOKIA CORP Com 654902 20 4 478 12,000 Shared-Def 2,3,5 12,000
NORTEL NETWORKS CORP NEW Com 656568 10 2 268 4,500 Shared-Def 2,3 4,500
NORTEL NETWORKS CORP NEW Com 656568 10 2 250 4,200 Shared-Def 4,200
NORTEL NETWORKS CORP NEW Com 656568 10 2 214 3,600 Shared-Def 1,2,3 3,600
NORTEL NETWORKS CORP NEW Com 656568 10 2 280 4,700 Shared-Def 2,3,5 4,700
OLD GUARD GROUP INC Com 679783 10 0 373 31,500 Shared-Def 2,3 31,500
OMNICARE INC 5% Conv '07 681904 AD 0 3,094 4,125,000 Shared-Def 2,3,5
OMNICARE INC 5% Conv '07 681904 AD 0 3,525 4,700,000 Shared-Def 2,3
OMNICARE INC 5% Conv '07 681904 AD 0 2,813 3,750,000 Shared-Def
OMNICARE INC 5% Conv '07 681904 AD 0 319 425,000 Shared-Def 1,2,3
PFIZER INC Com 717081 10 3 449 10,000 Shared-Def 2,3 10,000
PFIZER INC Com 717081 10 3 449 10,000 Shared-Def 10,000
PFIZER INC Com 717081 10 3 360 8,000 Shared-Def 1,2,3 8,000
PFIZER INC Com 717081 10 3 539 12,000 Shared-Def 2,3,5 12,000
PROCTOR & GAMBLE CO Com 742718 10 9 509 7,600 Shared-Def 2,3 7,600
PROCTOR & GAMBLE CO Com 742718 10 9 549 8,200 Shared-Def 8,200
PROCTOR & GAMBLE CO Com 742718 10 9 402 6,000 Shared-Def 1,2,3 6,000
PROCTOR & GAMBLE CO Com 742718 10 9 549 8,200 Shared-Def 2,3,5 8,200
ROYAL DUTCH PETE CO Com 780257 80 4 222 3,700 Shared-Def 2,3 3,700
ROYAL DUTCH PETE CO Com 780257 80 4 240 4,000 Shared-Def 4,000
ROYAL DUTCH PETE CO Com 780257 80 4 180 3,000 Shared-Def 1,2,3 3,000
ROYAL DUTCH PETE CO Com 780257 80 4 258 4,300 Shared-Def 2,3,5 4,300
SCHERING PLOUGH CORP Com 806605 10 1 288 6,200 Shared-Def 2,3 6,200
SCHERING PLOUGH CORP Com 806605 10 1 581 12,500 Shared-Def 12,500
SCHERING PLOUGH CORP Com 806605 10 1 233 5,000 Shared-Def 1,2,3 5,000
SCHERING PLOUGH CORP Com 806605 10 1 316 6,800 Shared-Def 2,3,5 6,800
STAPLES INC Com 855030 10 2 369 26,000 Shared-Def 2,3 26,000
STAPLES INC Com 855030 10 2 426 30,000 Shared-Def 30,000
STAPLES INC Com 855030 10 2 284 20,000 Shared-Def 1,2,3 20,000
STAPLES INC Com 855030 10 2 426 30,000 Shared-Def 2,3,5 30,000
STEINWAY MUSICAL INSTRS INC Com 858495 10 4 359 20,575 Shared-Def 2,3,5 20,575
SUNRISE ASSISTED LIVING INC 5.5% Conv '02 86768K AC 0 2,285 2,550,000 Shared-Def 2,3,5
SUNRISE ASSISTED LIVING INC 5.5% Conv '02 86768K AC 0 515 575,000 Shared-Def 2,3
SUNRISE ASSISTED LIVING INC 5.5% Conv '02 86768K AC 0 3,137 3,500,000 Shared-Def
SUNRISE ASSISTED LIVING INC 5.5% Conv '02 86768K AC 0 336 375,000 Shared-Def 1,2,3
TELLABS INC Com 879664 10 0 320 6,700 Shared-Def 2,3 6,700
TELLABS INC Com 879664 10 0 353 7,400 Shared-Def 7,400
TELLABS INC Com 879664 10 0 258 5,400 Shared-Def 1,2,3 5,400
TELLABS INC Com 879664 10 0 358 7,500 Shared-Def 2,3,5 7,500
THERMO ELECTRON CORP 4.25% Conv '03 883556 AF 9 2,241 2,375,000 Shared-Def 2,3,5
THERMO ELECTRON CORP 4.25% Conv '03 883556 AF 9 24 25,000 Shared-Def 2,3
THERMO ELECTRON CORP 4.25% Conv '03 883556 AF 9 1,392 1,475,000 Shared-Def
THERMO ELECTRON CORP 4.25% Conv '03 883556 AF 9 118 125,000 Shared-Def 1,2,3
TOWER AUTOMOTIVE INC 5% Conv '04 891707 AE 1 1,205 1,625,000 Shared-Def 2,3,5
TOWER AUTOMOTIVE INC 5% Conv '04 891707 AE 1 1,964 2,650,000 Shared-Def 2,3
TOWER AUTOMOTIVE INC 5% Conv '04 891707 AE 1 1,483 2,000,000 Shared-Def
TOWER AUTOMOTIVE INC 5% Conv '04 891707 AE 1 167 225,000 Shared-Def 1,2,3
TYCO INTL LTD NEW Com 902124 10 6 623 12,000 Shared-Def 2,3 12,000
TYCO INTL LTD NEW Com 902124 10 6 519 10,000 Shared-Def 10,000
TYCO INTL LTD NEW Com 902124 10 6 519 10,000 Shared-Def 1,2,3 10,000
TYCO INTL LTD NEW Com 902124 10 6 571 11,000 Shared-Def 2,3,5 11,000
TYCOM LTD Com G9144B 10 6 138 3,600 Shared-Def 2,3 3,600
TYCOM LTD Com G9144B 10 6 161 4,200 Shared-Def 4,200
TYCOM LTD Com G9144B 10 6 115 3,000 Shared-Def 1,2,3 3,000
TYCOM LTD Com G9144B 10 6 161 4,200 Shared-Def 2,3,5 4,200
UNITED TECHNOLOGIES CORP Com 913017 10 9 152 2,200 Shared-Def 2,3 2,200
UNITED TECHNOLOGIES CORP Com 913017 10 9 173 2,500 Shared-Def 2,500
UNITED TECHNOLOGIES CORP Com 913017 10 9 125 1,800 Shared-Def 1,2,3 1,800
UNITED TECHNOLOGIES CORP Com 913017 10 9 173 2,500 Shared-Def 2,3,5 2,500
WAL MART STORES INC Com 931142 10 3 553 11,500 Shared-Def 2,3 11,500
WAL MART STORES INC Com 931142 10 3 496 10,300 Shared-Def 10,300
WAL MART STORES INC Com 931142 10 3 457 9,500 Shared-Def 1,2,3 9,500
WAL MART STORES INC Com 931142 10 3 563 11,700 Shared-Def 2,3,5 11,700
WELLS FARGO & CO NEW Com 949746 10 1 689 15,000 Shared-Def 2,3 15,000
WELLS FARGO & CO NEW Com 949746 10 1 556 12,100 Shared-Def 12,100
WELLS FARGO & CO NEW Com 949746 10 1 482 10,500 Shared-Def 1,2,3 10,500
WELLS FARGO & CO NEW Com 949746 10 1 1,075 23,400 Shared-Def 2,3,5 23,400
111,806
</TABLE>
