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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
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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: Ulysses Offshore Fund, Ltd.
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Address: Harbour Centre, 2nd Floor, P.O. Box 896
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George Town, Grand Cayman, Cayman Islands, B.W.I.
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Form 13F File Number: 28-6860
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The institutional investment manager filing this report 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: Ulysses Management Offshore, LLC by Joshua Nash, Manager
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Title: Manager
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Phone: 212-455-6200
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Signature, Place, and Date of Signing:
/s/ Joshua Nash New York 11/12/99
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(Signature) (City, State) (Date)
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>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 32
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Form 13F Information Table Value Total: $ 139,012
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(in thousands)
List of Other Included Managers:
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.
NONE
<PAGE>
ULYSSES OFFSHORE FUND, LTD.
S.E.C. FORM 13F
FOR QUARTER ENDED SEPTEMBER 30, 1999
<TABLE>
<CAPTION>
ITEM 5:
ITEM 2: ITEM 3: ITEM 4: Shares or
ITEM 1: Title of Cusip Fair Principal
Name of Issuer Class Number Market Value Amount
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<S> <C> <C> <C> <C>
LORAL SPACE & COMM COMMON STOCK G56462107 10,016,875 582,800
LORAL SPACE & COMM COMMON STOCK G56462107 2,132,969 124,100 CALL
XL CAPITAL LTD COMMON STOCK G98255105 3,622,410 80,498
LIBERTY MEDIA CORP. COMMON STOCK 001957208 18,500,582 495,828
LIBERTY MEDIA CORP. COMMON STOCK 001957208 6,705,056 179,700 PUT
AMERITECH COMMON STOCK 030954101 3,337,500 50,000 CALL
BERKSHIRE HATHAWAY COMMON STOCK 084670207 6,124,800 3,300
CNA FINANCIAL COMMON STOCK 126117100 3,850,000 110,000
CABLEVISION SYSTEMS COMMON STOCK 12686C109 9,333,825 128,300
CENDANT COMMON STOCK 151313103 1,467,925 82,700
CITIGROUP COMMON STOCK 172967101 727,031 16,500
COLUMBIA HEALTHCARE COMMON STOCK 197677107 6,576,600 310,400
COMCAST CRP CL A SPL COMMON STOCK 200300200 3,142,150 78,800
COMMERCIAL FEDRL COMMON STOCK 201647104 1,891,850 96,400
CRESCENT OPER.COS. COMMON STOCK 22575M100 137,550 33,600
HOUSEHOLD INTL INC. COMMON STOCK 441815107 2,856,900 71,200
HUSSMANN INTL INC COMMON STOCK 448110106 1,922,700 113,100
LIBERTY DIGITAL INC. COMMON STOCK 530436104 1,741,444 74,700
LINCARE HOLDINGS COMMON STOCK 532791100 4,302,319 161,400
MEDIAONE GROUP COMMON STOCK 58440J104 14,065,544 205,900
MID AMERICAN ENERGY COMMON STOCK 59562V107 1,312,750 44,500
NEWS CORP COMMON STOCK 652487703 1,672,125 58,800
NEWS CORP.LTD.PFD. COMMON STOCK 652487802 8,497,300 318,400
PEPSI BOTTLING GROUP COMMON STOCK 713409100 2,820,431 165,300
RAYTHEON CLASS B COMMON STOCK 755111408 4,674,675 94,200
RENAL CARE GROUP INC COMMON STOCK 759930100 2,306,728 105,300
SBC COMMUNICATIONS COMMON STOCK 78387G103 9,548,688 187,000
CHARLES SCHWAB COMMON STOCK 808513105 1,103,438 33,000 CALL
TCI SATELLITE CL A COMMON STOCK 872298104 215,600 53,900
TIME WARNER INC COMMON STOCK 887315109 1,476,225 24,300
WINSTAR COMMUN. COMMON STOCK 975515107 1,723,075 43,900
WINSTAR COMMUN. COMMON STOCK 975515107 1,204,975 30,700 PUT
Table continued...
ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY SHARES
(b) Shares ITEM 7:
ITEM 1: as Defined (c) Shared Managers
Name of Issuer (a) Sole in Instr. V Other See Intr. V (a) Sole (b) Shared (c) None
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<S> <C> <C> <C> <C> <C> <C> <C>
LORAL SPACE & COMM X X
LORAL SPACE & COMM X X
XL CAPITAL LTD X X
LIBERTY MEDIA CORP. X X
LIBERTY MEDIA CORP. X X
AMERITECH X X
BERKSHIRE HATHAWAY X X
CNA FINANCIAL X X
CABLEVISION SYSTEMS X X
CENDANT X X
CITIGROUP X X
COLUMBIA HEALTHCARE X X
COMCAST CRP CL A SPL X X
COMMERCIAL FEDRL X X
CRESCENT OPER.COS. X X
HOUSEHOLD INTL INC. X X
HUSSMANN INTL INC X X
LIBERTY DIGITAL INC. X X
LINCARE HOLDINGS X X
MEDIAONE GROUP X X
MID AMERICAN ENERGY X X
NEWS CORP X X
NEWS CORP.LTD.PFD. X X
PEPSI BOTTLING GROUP X X
RAYTHEON CLASS B X X
RENAL CARE GROUP INC X X
SBC COMMUNICATIONS X X
CHARLES SCHWAB X X
TCI SATELLITE CL A X X
TIME WARNER INC X X
WINSTAR COMMUN. X X
WINSTAR COMMUN. X X
</TABLE>
