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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: December 31, 1999
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 February 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: 74
Form 13F Information Table Value Total: $170,476 (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>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Col. 1 Col. 2 Col. 3 Col. 4 Col. 5 Col. 6 Col. 7 Col. 8
- ------------------------------------------------------------------------------------------------------------------------------------
Fair Market Shares or Voting Authority
Val Principal Investment Other ----------------------
Name of Issuer Title of Class CUSIP No. (x$0001) Amt Discretion Managers Sole Shared None
- -------------- -------------- ----------- ------------ --------- ---------- -------- ------ ------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
AT & T Com 001957 10 9 467 9,200 Shared-Def 2,3 9,200
Alza Corporation Com 022615 10 8 4,155 120,000 Shared-Def 2,3 120,000
Alza Corporation Com 022615 10 8 1,292 37,300 Shared-Def 37,300
Alza Corporation Com 022615 10 8 346 10,000 Shared-Def 1,2,3 10,000
American Home Prod Com 026609 10 7 4,594 116,500 Shared-Def 2,3 116,500
American Home Prod Com 026609 10 7 1,025 26,000 Shared-Def 26,000
American Home Prod Com 026609 10 7 485 12,300 Shared-Def 1,2,3 12,300
American Home Prod Com 026609 10 7 5,024 127,400 Shared-Def 2,3,5 127,400
Compaq Computer Com 204493 10 0 2,988 110,400 Shared-Def 2,3 113,900
Compaq Computer Com 204493 10 0 1,461 54,000 Shared-Def 54,000
Compaq Computer Com 204493 10 0 1,226 45,300 Shared-Def 1,2,3 45,300
Compaq Computer Com 204493 10 0 6,284 232,200 Shared-Def 2,3,5 232,200
E I Dupont De Nemours Co Com 263534 10 9 9,805 148,850 Shared-Def 2,3 148,850
E I Dupont De Nemours Co Com 263534 10 9 1,383 21,000 Shared-Def 21,000
E I Dupont De Nemours Co Com 263534 10 9 1,016 15,421 Shared-Def 1,2,3 15,421
E I Dupont De Nemours Co Com 263534 10 9 8,801 133,600 Shared-Def 2,3,5 133,600
First Union Corp Com 337358 10 5 5,339 162,700 Shared-Def 2,3 162,700
First Union Corp Com 337358 10 5 1,181 36,000 Shared-Def 36,000
First Union Corp Com 337358 10 5 620 18,900 Shared-Def 1,2,3 18,900
First Union Corp Com 337358 10 5 968 29,500 Shared-Def 2,3,5 29,500
General Dynamics Corp Com 369550 10 8 10,471 198,500 Shared-Def 2,3 198,500
General Dynamics Corp Com 369550 10 8 1,292 24,500 Shared-Def 24,500
General Dynamics Corp Com 369550 10 8 1,261 23,900 Shared-Def 1,2,3 23,900
General Dynamics Corp Com 369550 10 8 3,840 72,800 Shared-Def 2,3,5 72,800
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,480 3,200,000 Shared-Def 2,3,5
HealthSouth Corp 3.25% Conv '03 421924 AF 8 2,267 2,925,000 Shared-Def 2,3
HealthSouth Corp 3.25% Conv '03 421924 AF 8 3,100 4,000,000 Shared-Def
HealthSouth Corp 3.25% Conv '03 421924 AF 8 291 375,000 Shared-Def 1,2,3
Household Intl Com 441815 10 7 1,263 33,900 Shared-Def 33,900
Household Intl Com 441815 10 7 529 14,200 Shared-Def 1,2,3 14,200
Household Intl Com 441815 10 7 4,276 114,800 Shared-Def 2,3 114,800
J.D. Edwards & Co Com 281667 10 5 2,743 91,800 Shared-Def 2,3 91,800
J.D. Edwards & Co Com 281667 10 5 2,710 90,700 Shared-Def 90,700
J.D. Edwards & Co Com 281667 10 5 932 31,200 Shared-Def 1,2,3 31,200
J.D. Edwards & Co Com 281667 10 5 5,276 176,600 Shared-Def 2,3,5 176,600
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,230 3,050,000 Shared-Def 2,3,5
Mascotech Inc 4.5% Conv '03 574670 AB 1 420 575,000 Shared-Def 2,3
Mascotech Inc 4.5% Conv '03 574670 AB 1 2,925 4,000,000 Shared-Def
Mascotech Inc 4.5% Conv '03 574670 AB 1 274 375,000 Shared-Def 1,2,3
Monsanto Company Com 611662 10 7 4,450 124,900 Shared-Def 2,3 124,900
Monsanto Company Com 611662 10 7 1,215 34,100 Shared-Def 34,100
Monsanto Company Com 611662 10 7 905 25,400 Shared-Def 1,2,3 25,400
Monsanto Company Com 611662 10 7 5,561 156,100 Shared-Def 2,3,5 156,100
Motorola Inc Com 620076 10 9 295 2,000 Shared-Def 2,3 2,000
Nucor Corp Com 670346 10 5 1,288 23,500 Shared-Def 2,3 23,500
Nucor Corp Com 670346 10 5 1,573 28,700 Shared-Def 28,700
Old Guard Group Inc Com 679783 10 0 347 31,500 Shared-Def 2,3 31,500
Omnicare Inc. 5% Conv '07 681904 AD 0 2,666 3,950,000 Shared-Def 2,3,5
Omnicare Inc. 5% Conv '07 681904 AD 0 2,481 3,675,000 Shared-Def 2,3
Omnicare Inc. 5% Conv '07 681904 AD 0 3,038 4,500,000 Shared-Def
Omnicare Inc. 5% Conv '07 681904 AD 0 253 375,000 Shared-Def 1,2,3
Pepsico Inc Com 713448 10 8 11 300 Shared-Def 2,3 300
Pepsico Inc Com 713448 10 8 1,375 39,000 Shared-Def 39,000
Pitney Bowes Inc Com 724479 10 0 4,614 95,500 Shared-Def 2,3 95,500
Pitney Bowes Inc Com 724479 10 0 1,435 29,700 Shared-Def 29,700
Pitney Bowes Inc Com 724479 10 0 406 8,400 Shared-Def 1,2,3 8,400
Pitney Bowes Inc Com 724479 10 0 1,836 38,000 Shared-Def 2,3,5 38,000
Polymer Group Inc Com 731745 10 5 9 11,167 Shared-Def 2,3 11,167
Safeway Inc Com 786514 20 8 1,351 38,000 Shared-Def 38,000
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 2,796 53,700 Shared-Def 2,3 53,700
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 2,218 42,600 Shared-Def 42,600
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 708 13,600 Shared-Def 1,2,3 13,600
SAP Aktiengesellschaft Spnsrd ADR 803054 20 4 4,670 89,700 Shared-Def 2,3,5 89,700
Steinway Musical Instrs Inc Com 858495 10 4 417 20,575 Shared-Def 2,3,5 20,575
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 1,841 2,375,000 Shared-Def 2,3,5
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 1,434 1,850,000 Shared-Def 2,3
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 3,681 4,750,000 Shared-Def
Sunrise Assisted Liv Inc 5.5% Conv '02 86768K AC 0 252 325,000 Shared-Def 1,2,3
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,432 1,700,000 Shared-Def 2,3,5
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 2,675 3,175,000 Shared-Def 2,3
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 1,580 1,875,000 Shared-Def
Thermo Electron Corp 4.25% Conv '03 883556 AF 9 211 250,000 Shared-Def 1,2,3
Tyco International Com 902124 10 6 2,799 72,000 Shared-Def 2,3 72,000
Tyco International Com 902124 10 6 1,613 41,500 Shared-Def 41,500
</TABLE>
