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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: June 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 August 15, 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: 86
Form 13F Information Table Value Total: $120,924 (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 MINUS
<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>
A T & T Com 001957 10 9 158 5,000 Shared-Def 2,3 5,000
------------------------------------------------------------------------------------------------------------------------------------
A T & T Com 001957 10 9 133 4,200 Shared-Def 1,2,3 4,200
------------------------------------------------------------------------------------------------------------------------------------
Bell Atlantic Corp Com 077853 10 9 1,071 21,100 Shared-Def 21,100
------------------------------------------------------------------------------------------------------------------------------------
Bestfoods Com 08658U 10 1 1,710 24,700 Shared-Def 2,3 24,700
------------------------------------------------------------------------------------------------------------------------------------
Bestfoods Com 08658U 10 1 720 10,400 Shared-Def 10,400
------------------------------------------------------------------------------------------------------------------------------------
Bestfoods Com 08658U 10 1 727 10,500 Shared-Def 1,2,3 10,500
------------------------------------------------------------------------------------------------------------------------------------
Bestfoods Com 08658U 10 1 997 14,400 Shared-Def 2,3,5 14,400
------------------------------------------------------------------------------------------------------------------------------------
Chase Manhattan Corp New Com 16161A 10 8 1,202 26,100 Shared-Def 2,3 26,100
------------------------------------------------------------------------------------------------------------------------------------
Chase Manhattan Corp New Com 16161A 10 8 1,152 25,000 Shared-Def 25,000
------------------------------------------------------------------------------------------------------------------------------------
Chase Manhattan Corp New Com 16161A 10 8 977 21,200 Shared-Def 1,2,3 21,200
------------------------------------------------------------------------------------------------------------------------------------
Chase Manhattan Corp New Com 16161A 10 8 1,276 27,700 Shared-Def 2,3,5 27,700
------------------------------------------------------------------------------------------------------------------------------------
Colt Telecom Group PLC Sponsored ADR 196877 10 4 543 4,000 Shared-Def 2,3 4,000
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 631 24,700 Shared-Def 2,3 24,700
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,025 40,100 Shared-Def 40,100
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,191 46,600 Shared-Def 1,2,3 46,600
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,981 77,500 Shared-Def 2,3,5 77,500
------------------------------------------------------------------------------------------------------------------------------------
Electronic Data Sys New Com 285661 10 4 3,076 73,900 Shared-Def 2,3 73,900
------------------------------------------------------------------------------------------------------------------------------------
Electronic Data Sys New Com 285661 10 4 1,311 31,500 Shared-Def 31,500
------------------------------------------------------------------------------------------------------------------------------------
Electronic Data Sys New Com 285661 10 4 803 19,300 Shared-Def 1,2,3 19,300
------------------------------------------------------------------------------------------------------------------------------------
Electronic Data Sys New Com 285661 10 4 1,053 25,300 Shared-Def 2,3,5 25,300
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,528 3,200,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,311 2,925,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,568 3,250,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 296 375,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 1,975 2,500,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 3,437 4,350,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 2,943 3,725,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Hilton Hotels Corp 5% Conv '06 432848 AL 3 336 425,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Honeywell Intl Inc Com 438516 10 6 2,449 72,700 Shared-Def 2,3 72,700
------------------------------------------------------------------------------------------------------------------------------------
Honeywell Intl Inc Com 438516 10 6 1,179 35,000 Shared-Def 35,000
------------------------------------------------------------------------------------------------------------------------------------
Honeywell Intl Inc Com 438516 10 6 616 18,300 Shared-Def 1,2,3 18,300
------------------------------------------------------------------------------------------------------------------------------------
Honeywell Intl Inc Com 438516 10 6 809 24,000 Shared-Def 2,3,5 24,000
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 973 64,600 Shared-Def 2,3 64,600
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 699 46,400 Shared-Def 46,400
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 678 45,000 Shared-Def 1,2,3 45,000
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 1,356 90,000 Shared-Def 2,3,5 90,000
------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 2,595 43,800 Shared-Def 2,3 43,800
------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 1,422 24,000 Shared-Def 24,000
------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 2,074 35,000 Shared-Def 1,2,3 35,000
------------------------------------------------------------------------------------------------------------------------------------
Lucent Technologies Inc Com 549463 10 7 4,473 75,500 Shared-Def 2,3,5 75,500
------------------------------------------------------------------------------------------------------------------------------------
Magna Intl Inc 4.875% Conv '05 559222 AG 9 1,356 1,500,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Magna Intl Inc 4.875% Conv '05 559222 AG 9 2,937 3,250,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Magna Intl Inc 4.875% Conv '05 559222 AG 9 678 750,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Magna Intl Inc 4.875% Conv '05 559222 AG 9 226 250,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Mail-Well Inc 5% Conv '02 560321 AD 3 1,337 1,625,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Mail-Well Inc 5% Conv '02 560321 AD 3 370 450,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Mail-Well Inc 5% Conv '02 560321 AD 3 2,180 2,650,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Mail-Well Inc 5% Conv '02 560321 AD 3 226 275,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,257 3,050,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 426 575,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,590 3,500,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 278 375,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Inc Com 599902 10 3 6,690 59,800 Shared-Def 2,3 59,800
------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Inc Com 599902 10 3 2,238 20,000 Shared-Def 20,000
------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Inc Com 599902 10 3 1,913 17,100 Shared-Def 1,2,3 17,100
------------------------------------------------------------------------------------------------------------------------------------
Millennium Pharmaceuticals Inc Com 599902 10 3 1,880 16,800 Shared-Def 2,3,5 16,800
------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 1,005 30,000 Shared-Def 2,3 30,000
------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 526 15,700 Shared-Def 15,700
------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 834 24,900 Shared-Def 1,2,3 24,900
------------------------------------------------------------------------------------------------------------------------------------
Nucor Corp Com 670346 10 5 1,079 32,200 Shared-Def 2,3,5 32,200
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc 5% Conv '07 681904 AD 0 2,764 4,125,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc 5% Conv '07 681904 AD 0 3,149 4,700,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc 5% Conv '07 681904 AD 0 2,513 3,750,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc 5% Conv '07 681904 AD 0 285 425,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 767 19,200 Shared-Def 2,3 19,200
------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 591 14,800 Shared-Def 14,800
------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 763 19,100 Shared-Def 1,2,3 19,100
------------------------------------------------------------------------------------------------------------------------------------
Pitney Bowes Inc Com 724479 10 0 859 21,500 Shared-Def 2,3,5 21,500
------------------------------------------------------------------------------------------------------------------------------------
Schering Plough Corp Com 806605 10 1 1,641 32,500 Shared-Def 32,500
------------------------------------------------------------------------------------------------------------------------------------
Sprint Corp Com 852061 50 6 1,034 17,400 Shared-Def 2,3 17,400
------------------------------------------------------------------------------------------------------------------------------------
Sprint Corp Com 852061 50 6 1,201 20,200 Shared-Def 20,200
------------------------------------------------------------------------------------------------------------------------------------
Sprint Corp Com 852061 50 6 838 14,100 Shared-Def 1,2,3 14,100
------------------------------------------------------------------------------------------------------------------------------------
Sprint Corp Com 852061 50 6 1,100 18,500 Shared-Def 2,3,5 18,500
------------------------------------------------------------------------------------------------------------------------------------
Steinway Musical Instrs Inc Com 858495 10 4 339 20,575 Shared-Def 2,3,5 20,575
------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Living Inc 5.5% Conv '02 86768K AC 0 2,199 2,550,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Living Inc 5.5% Conv '02 86768K AC 0 496 575,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Living Inc 5.5% Conv '02 86768K AC 0 3,019 3,500,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Sunrise Assisted Living Inc 5.5% Conv '02 86768K AC 0 323 375,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 2,185 2,375,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 23 25,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,357 1,475,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 115 125,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 1,203 30,800 Shared-Def 2,3 30,800
------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 980 25,100 Shared-Def 25,100
------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 809 20,700 Shared-Def 1,2,3 20,700
------------------------------------------------------------------------------------------------------------------------------------
Wells Fargo & Co New Com 949746 10 1 1,891 48,400 Shared-Def 2,3,5 48,400
------------------------------------------------------------------------------------------------------------------------------------
120,924
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
