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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, 1999
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one):
[ ] 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 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: 107
Form 13F Information Table Value Total: $238,835 (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 1,524 27,400 Shared-Def 2,3,5 27,400
------------------------------------------------------------------------------------------------------------------------------------
A T & T Com 001957 10 9 100 1,800 Shared-Def 2,3 1,800
------------------------------------------------------------------------------------------------------------------------------------
A T & T Com 001957 10 9 323 5,800 Shared-Def 1,2,3 5,800
------------------------------------------------------------------------------------------------------------------------------------
Alza Corporation Com 022615 10 8 2,213 43,500 Shared-Def 2,3,5 43,500
------------------------------------------------------------------------------------------------------------------------------------
Alza Corporation Com 022615 10 8 158 3,100 Shared-Def 2,3 3,100
------------------------------------------------------------------------------------------------------------------------------------
Alza Corporation Com 022615 10 8 463 9,100 Shared-Def 1,2,3 9,100
------------------------------------------------------------------------------------------------------------------------------------
American Bnkrs Ins Grp Com 024456 10 5 174 3,200 Shared-Def 2,3 3,200
------------------------------------------------------------------------------------------------------------------------------------
American Bnkrs Ins Grp Com 024456 10 5 2,080 38,200 Shared-Def 2,3,5 38,200
------------------------------------------------------------------------------------------------------------------------------------
American Bnkrs Ins Grp Com 024456 10 5 441 8,100 Shared-Def 1,2,3 8,100
------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 2,276 39,800 Shared-Def 2,3 39,800
------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 1,453 25,400 Shared-Def 25,400
------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 617 10,800 Shared-Def 1,2,3 10,800
------------------------------------------------------------------------------------------------------------------------------------
American Home Prod Com 026609 10 7 4,426 77,400 Shared-Def 2,3,5 77,400
------------------------------------------------------------------------------------------------------------------------------------
Aquarion Com 03838W 10 1 1,428 41,100 Shared-Def 2,3,5 41,100
------------------------------------------------------------------------------------------------------------------------------------
Aquarion Com 03838W 10 1 90 2,600 Shared-Def 2,3 2,600
------------------------------------------------------------------------------------------------------------------------------------
Aquarion Com 03838W 10 1 299 8,600 Shared-Def 1,2,3 8,600
------------------------------------------------------------------------------------------------------------------------------------
Atlantic Richfield Com 048825 10 3 5,231 62,600 Shared-Def 2,3,5 62,600
------------------------------------------------------------------------------------------------------------------------------------
Atlantic Richfield Com 048825 10 3 343 4,100 Shared-Def 2,3 4,100
------------------------------------------------------------------------------------------------------------------------------------
Atlantic Richfield Com 048825 10 3 1,111 13,300 Shared-Def 1,2,3 13,300
------------------------------------------------------------------------------------------------------------------------------------
Browning Ferris Ind Com 115885 10 5 8,372 194,700 Shared-Def 2,3,5 194,700
------------------------------------------------------------------------------------------------------------------------------------
Browning Ferris Ind Com 115885 10 5 538 12,500 Shared-Def 2,3 12,500
------------------------------------------------------------------------------------------------------------------------------------
Browning Ferris Ind Com 115885 10 5 1,759 40,900 Shared-Def 1,2,3 40,900
------------------------------------------------------------------------------------------------------------------------------------
Centocor Inc Com 152342 10 1 1,828 39,200 Shared-Def 2,3,5 39,200
------------------------------------------------------------------------------------------------------------------------------------
Centocor Inc Com 152342 10 1 117 2,500 Shared-Def 2,3 2,500
------------------------------------------------------------------------------------------------------------------------------------
Centocor Inc Com 152342 10 1 387 8,300 Shared-Def 1,2,3 8,300
------------------------------------------------------------------------------------------------------------------------------------
Columbia Gas System Com 197648 10 8 1,229 19,600 Shared-Def 2,3,5 19,600
------------------------------------------------------------------------------------------------------------------------------------
Columbia Gas System Com 197648 10 8 81 1,300 Shared-Def 2,3 1,300
------------------------------------------------------------------------------------------------------------------------------------
Columbia Gas System Com 197648 10 8 257 4,100 Shared-Def 1,2,3 4,100
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 2,698 113,900 Shared-Def 2,3 113,900
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,279 54,000 Shared-Def 54,000
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 1,073 45,300 Shared-Def 1,2,3 45,300
------------------------------------------------------------------------------------------------------------------------------------
Compaq Computer Com 204493 10 0 7,869 332,200 Shared-Def 2,3,5 332,200
------------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 1,153 36,600 Shared-Def 36,600
------------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 236 7,500 Shared-Def 2,3 7,500
------------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 3,024 96,000 Shared-Def 2,3,5 96,000
------------------------------------------------------------------------------------------------------------------------------------
Delta & Pine Ld Co Com 247357 10 6 646 20,500 Shared-Def 1,2,3 20,500
------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 12,549 183,700 Shared-Def 2,3 183,700
------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 1,435 21,000 Shared-Def 21,000
------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 1,257 18,400 Shared-Def 1,2,3 18,400
------------------------------------------------------------------------------------------------------------------------------------
E I Dupont De Nemours Com 263534 10 9 9,127 133,600 Shared-Def 2,3,5 133,600
------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 6,981 124,100 Shared-Def 2,3 124,100
------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 3,994 71,000 Shared-Def 71,000
------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 1,429 25,400 Shared-Def 1,2,3 25,400
------------------------------------------------------------------------------------------------------------------------------------
General Motors Crp Cl H Com 370442 83 2 10,097 179,500 Shared-Def 2,3,5 179,500
------------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 7,064 172,300 Shared-Def 2,3 172,300
------------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 1,066 26,000 Shared-Def 26,000
------------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 886 21,600 Shared-Def 1,2,3 21,600
------------------------------------------------------------------------------------------------------------------------------------
Gillette Co Com 375766 10 2 7,470 182,200 Shared-Def 2,3,5 182,200
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,629 3,125,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 1,472 1,750,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 1,683 2,000,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
HealthSouth Corp 3.25% Conv '03 421924 AF 8 105 125,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Hexcel Corporation 7% Conv '03 428291 AA 6 1,800 2,000,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Hexcel Corporation 7% Conv '03 428291 AA 6 1,350 1,500,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Hexcel Corporation 7% Conv '03 428291 AA 6 225 250,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Household Intl Com 441815 10 7 1,398 29,500 Shared-Def 29,500
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 4,220 228,900 Shared-Def 2,3 228,900
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 1,672 90,700 Shared-Def 90,700
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 575 31,200 Shared-Def 1,2,3 31,200
------------------------------------------------------------------------------------------------------------------------------------
J.D. Edwards & Co Com 281667 10 5 4,178 226,600 Shared-Def 2,3,5 226,600
------------------------------------------------------------------------------------------------------------------------------------
Level One Comm Inc Com 527295 10 9 401 8,200 Shared-Def 2,3 8,200
------------------------------------------------------------------------------------------------------------------------------------
Level One Comm Inc Com 527295 10 9 6,132 125,300 Shared-Def 2,3,5 125,300
------------------------------------------------------------------------------------------------------------------------------------
Level One Comm Inc Com 527295 10 9 1,297 26,500 Shared-Def 1,2,3 26,500
------------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 2,016 112,000 Shared-Def 2,3 112,000
------------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 360 20,000 Shared-Def 20,000
------------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 362 20,100 Shared-Def 1,2,3 20,100
------------------------------------------------------------------------------------------------------------------------------------
Loral Corp Com G56462 10 7 2,662 147,900 Shared-Def 2,3,5 147,900
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 1,519 1,875,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 101 125,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,228 2,750,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Mascotech Inc 4.5% Conv '03 574670 AB 1 203 250,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Mediaone Com 58440J 10 4 8,732 117,400 Shared-Def 2,3,5 117,400
------------------------------------------------------------------------------------------------------------------------------------
Mediaone Com 58440J 10 4 573 7,700 Shared-Def 2,3 7,700
------------------------------------------------------------------------------------------------------------------------------------
Mediaone Com 58440J 10 4 1,852 24,900 Shared-Def 1,2,3 24,900
------------------------------------------------------------------------------------------------------------------------------------
Mobil Corp Com 607059 10 2 594 6,000 Shared-Def 2,3 6,000
------------------------------------------------------------------------------------------------------------------------------------
Mobil Corp Com 607059 10 2 7,742 78,200 Shared-Def 2,3,5 78,200
------------------------------------------------------------------------------------------------------------------------------------
Mobil Corp Com 607059 10 2 1,564 15,800 Shared-Def 1,2,3 15,800
------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 5,084 128,500 Shared-Def 2,3 128,500
------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 1,349 34,100 Shared-Def 34,100
------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 1,005 25,400 Shared-Def 1,2,3 25,400
------------------------------------------------------------------------------------------------------------------------------------
Monsanto Company Com 611662 10 7 7,165 181,100 Shared-Def 2,3,5 181,100
------------------------------------------------------------------------------------------------------------------------------------
Nine West Group Inc 5.5% Conv '03 65440D AC 6 271 270,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Nine West Group Inc 5.5% Conv '03 65440D AC 6 2,985 2,970,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Nine West Group Inc 5.5% Conv '03 65440D AC 6 523 520,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Office Depot Com 676220 10 6 1,291 58,500 Shared-Def 58,500
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 2,377 3,250,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 2,139 2,925,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 3,254 4,450,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Omnicare Inc. 5% Conv '07 681904 AD 0 274 375,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Republic NY Com 760719 10 4 8,012 117,500 Shared-Def 2,3,5 117,500
------------------------------------------------------------------------------------------------------------------------------------
Republic NY Com 760719 10 4 518 7,600 Shared-Def 2,3 7,600
------------------------------------------------------------------------------------------------------------------------------------
Republic NY Com 760719 10 4 1,698 24,900 Shared-Def 1,2,3 24,900
------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 2,617 75,600 Shared-Def 2,3 75,600
------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 1,475 42,600 Shared-Def 42,600
------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 471 13,600 Shared-Def 1,2,3 13,600
------------------------------------------------------------------------------------------------------------------------------------
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 4,093 118,200 Shared-Def 2,3,5 118,200
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,458 1,625,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 2,468 2,750,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,683 1,875,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 224 250,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
Vodaphone ADR Com 92857T 10 7 1,556 7,900 Shared-Def 2,3,5 7,900
------------------------------------------------------------------------------------------------------------------------------------
Vodaphone ADR Com 92857T 10 7 79 400 Shared-Def 2,3 400
------------------------------------------------------------------------------------------------------------------------------------
Vodaphone ADR Com 92857T 10 7 335 1,700 Shared-Def 1,2,3 1,700
------------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 1,853 1,935,000 Shared-Def 2,3,5
------------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 718 750,000 Shared-Def 2,3
------------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 1,205 1,259,000 Shared-Def
------------------------------------------------------------------------------------------------------------------------------------
World Color Press Del 6.00% Conv '07 981443 AA 2 359 375,000 Shared-Def 1,2,3
------------------------------------------------------------------------------------------------------------------------------------
238,835
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
