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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: March 31, 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 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 1
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary
Number of Other Included Managers: 5
Form 13F Information Table Entry Total: 90
Form 13F Information Table Value Total: $169,515 (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>
FORM 13F INFORMATION 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>
A T & T Com 001957 10 9 518 9,200 Shared-Def 2,3 9,200
- ------------------------------------------------------------------------------------------------------------------------------------
Aetna Inc Com 008117 10 3 5,463 98,100 Shared-Def 2,3 98,100
- ------------------------------------------------------------------------------------------------------------------------------------
Aetna Inc Com 008117 10 3 1,420 25,500 Shared-Def 25,500
- ------------------------------------------------------------------------------------------------------------------------------------
Aetna Inc Com 008117 10 3 301 5,400 Shared-Def 1,2,3 5,400
- ------------------------------------------------------------------------------------------------------------------------------------
Aetna Inc Com 008117 10 3 1,169 21,000 Shared-Def 2,3,5 21,000
- ------------------------------------------------------------------------------------------------------------------------------------
Affymetrix Inc Com 00826T 10 8 4,928 33,200 Shared-Def 2,3 33,200
- ------------------------------------------------------------------------------------------------------------------------------------
Affymetrix Inc Com 00826T 10 8 1,277 8,600 Shared-Def 8,600
- ------------------------------------------------------------------------------------------------------------------------------------
Affymetrix Inc Com 00826T 10 8 638 4,300 Shared-Def 1,2,3 4,300
- ------------------------------------------------------------------------------------------------------------------------------------
Affymetrix Inc Com 00826T 10 8 2,494 16,800 Shared-Def 2,3,5 16,800
- ------------------------------------------------------------------------------------------------------------------------------------
Akamai Technologies Inc Com 00971T 10 1 4,519 28,100 Shared-Def 2,3 28,100
- ------------------------------------------------------------------------------------------------------------------------------------
Akamai Technologies Inc Com 00971T 10 1 965 6,000 Shared-Def 6,000
- ------------------------------------------------------------------------------------------------------------------------------------
Akamai Technologies Inc Com 00971T 10 1 241 1,500 Shared-Def 1,2,3 1,500
- ------------------------------------------------------------------------------------------------------------------------------------
Akamai Technologies Inc Com 00971T 10 1 756 4,700 Shared-Def 2,3,5 4,700
- ------------------------------------------------------------------------------------------------------------------------------------
Colt Telecom Group PLC Sponsored ADR 196877 10 4 792 4,000 Shared-Def 2,3 4,000
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,528 57,400 Shared-Def 2,3 57,400
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,438 54,000 Shared-Def 54,000
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,206 45,300 Shared-Def 1,2,3 45,300
- ------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 6,182 232,200 Shared-Def 2,3,5 232,200
- ------------------------------------------------------------------------------------------------------------------------------------
First Union Corp Com 337358 10 5 3,312 88,900 Shared-Def 2,3 88,900
- ------------------------------------------------------------------------------------------------------------------------------------
First Union Corp Com 337358 10 5 1,341 36,000 Shared-Def 36,000
- ------------------------------------------------------------------------------------------------------------------------------------
First Union Corp Com 337358 10 5 704 18,900 Shared-Def 1,2,3 18,900
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,496 3,200,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,282 2,925,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,925 3,750,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 293 375,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 1,172 1,550,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 2,155 2,850,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 1,720 2,275,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 284 375,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Household Intl Inc Com 441815 10 7 1,265 33,900 Shared-Def 33,900
- ------------------------------------------------------------------------------------------------------------------------------------
Household Intl Inc Com 441815 10 7 220 5,900 Shared-Def 2,3 5,900
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 5,129 157,500 Shared-Def 2,3 157,500
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 2,953 90,700 Shared-Def 90,700
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 1,016 31,200 Shared-Def 1,2,3 31,200
- ------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 5,099 156,600 Shared-Def 2,3,5 156,600
- ------------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson Com 478160 10 4 3,688 52,500 Shared-Def 2,3 52,200
- ------------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson Com 478160 10 4 1,300 18,500 Shared-Def 18,500
- ------------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson Com 478160 10 4 703 10,000 Shared-Def 1,2,3 10,000
- ------------------------------------------------------------------------------------------------------------------------------------
Johnson & Johnson Com 478160 10 4 2,655 37,800 Shared-Def 2,3,5 37,800
- ------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 3,815 62,800 Shared-Def 2,3 61,800
- ------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 1,458 24,000 Shared-Def 24,000
- ------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 972 16,000 Shared-Def 1,2,3 16,000
- ------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 4,587 75,500 Shared-Def 2,3,5 75,500
- ------------------------------------------------------------------------------------------------------------------------------------
Magna International Inc 4.875% Conv '05 559222 AG 9 1,298 1,500,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Magna International Inc 4.875% Conv '05 559222 AG 9 2,163 2,500,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Magna International Inc 4.875% Conv '05 559222 AG 9 649 750,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Magna International Inc 4.875% Conv '05 559222 AG 9 216 250,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Mail-Well Inc 5% Conv '02 560321 AD 3 400 500,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Mail-Well Inc 5% Conv '02 560321 AD 3 700 875,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Mail-Well Inc 5% Conv '02 560321 AD 3 100 125,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,272 3,050,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 428 575,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,980 4,000,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 279 375,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Com 599902 10 3 4,663 35,900 Shared-Def 2,3 35,900
- ------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Com 599902 10 3 1,299 10,000 Shared-Def 10,000
- ------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Com 599902 10 3 545 4,200 Shared-Def 1,2,3 4,200
- ------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Com 599902 10 3 1,091 8,400 Shared-Def 2,3,5 8,400
- ------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 5,050 101,000 Shared-Def 2,3 101,000
- ------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 1,360 27,200 Shared-Def 27,200
- ------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 700 14,000 Shared-Def 1,2,3 14,000
- ------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 3,030 60,600 Shared-Def 2,3,5 60,600
- ------------------------------------------------------------------------------------------------------------------------------------
Old Guard Group Inc Com 679783 10 0 301 31,500 Shared-Def 2,3 31,500
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 3,042 4,125,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 2,821 3,825,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 3,042 4,125,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 313 425,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 3,825 85,600 Shared-Def 2,3 85,600
- ------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 1,327 29,700 Shared-Def 29,700
- ------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 666 14,900 Shared-Def 1,2,3 14,900
- ------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 2,878 64,400 Shared-Def 2,3,5 64,000
- ------------------------------------------------------------------------------------------------------------------------------------
Polymer Group Inc Com 731745 10 5 8 11,167 Shared-Def 2,3 11,167
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 3,645 61,000 Shared-Def 2,3 61,000
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 2,545 42,600 Shared-Def 42,600
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 813 13,600 Shared-Def 1,2,3 13,600
- ------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 5,360 89,700 Shared-Def 2,3,5 89,700
- ------------------------------------------------------------------------------------------------------------------------------------
Steinway Musical Instrs Inc Com 858495 10 4 387 20,575 Shared-Def 2,3,5 20,575
- ------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 2,027 2,550,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 457 575,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 2,783 3,500,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 298 375,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 2,392 2,625,000 Shared-Def 2,3,5
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 228 250,000 Shared-Def 2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,709 1,875,000 Shared-Def
- ------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 228 250,000 Shared-Def 1,2,3
- ------------------------------------------------------------------------------------------------------------------------------------
Vesta Ins Group Inc Com 925391 10 4 75 12,000 Shared-Def 2,3 12,000
- ------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 3,496 85,400 Shared-Def 2,3 85,400
- ------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 1,535 37,500 Shared-Def 37,500
- ------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 704 17,200 Shared-Def 1,2,3 17,200
- ------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 4,008 97,900 Shared-Def 2,3,5 97,900
- ------------------------------------------------------------------------------------------------------------------------------------
169,515
</TABLE>
