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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: December 31, 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 2/11/00
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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: 30
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Form 13F Information Table Value Total: $ 168,903
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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 DECEMBER 31, 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 12,764,063 525,000
LORAL SPACE & COMM COMMON STOCK G56462107 802,313 33,000 CALL
XL CAPITAL LTD COMMON STOCK G98255105 6,468,709 124,698
BARRICK GOLD COMMON STOCK 067901108 1,457,450.00 82,400 CALL
BERKSHIRE HATHAWAY CL B COMMON STOCK 084670207 7,320,000 4,000
CNA FINANCIAL COMMON STOCK 126117100 1,179,806 30,300
CABLEVISION SYSTEMS COMMON STOCK 12686C109 9,686,650 128,300
CITIGROUP INC COMMON STOCK 172967101 4,594,219 82,500
COLUMBIA HEALTHCARE COMMON STOCK 197677107 9,098,600 310,400
COMCAST CRP CL A SPL COMMON STOCK 200300200 1,188,219 23,500
COMMERCIAL FED (NEB) COMMON STOCK 201647104 1,820,438 102,200
CONSECO COMMON STOCK 208464107 3,003,188 168,600 PUT
EXXON MOBIL CORP. COMMON STOCK 30231G102 8,684,638 107,800
LIBERTY DIGITAL INC. COMMON STOCK 530436104 4,922,775 66,300
MEDIAONE GROUP COMMON STOCK 58440J104 10,054,756 130,900
MICROSOFT CORP COMMON STOCK 594918104 1,949,725 16,700
MICROSOFT CORP COMMON STOCK 594918104 2,510,125 21,500 PUT
MID AMERICAN ENERGY COMMON STOCK 59562V107 1,499,094 44,500
NEWS CORP.LTD.PFD. COMMON STOCK 652487802 12,335,094 368,900
AMEX DIAMONDS COMMON STOCK 670828102 10,643,325 92,400
PACIFIC GATEWAY COMMON STOCK 694327107 281,531 16,500 PUT
REPUBLIC NEW YORK CORP. COMMON STOCK 760719104 6,544,800 90,900
SBC COMMUNICATIONS COMMON STOCK 78387G103 9,116,250 187,000
SBC COMMUNICATIONS COMMON STOCK 78387G103 2,437,500 50,000 CALL
TCI SATELLITE CL A COMMON STOCK 872298104 862,400 53,900
LIBERTY MEDIA CORP. COMMON STOCK 87924V507 21,475,125 378,000
LIBERTY MEDIA CORP. COMMON STOCK 87924V507 11,146,613 196,200 PUT
TIME WARNER INC COMMON STOCK 887315109 2,122,419 29,300
UTD.HEALTHCARE COMMON STOCK 910581107 881,875 16,600 PUT
WINSTAR COMMUN. COMMON STOCK 975515107 2,050,913 27,300
</TABLE>
Table Continued...
<TABLE>
<CAPTION>
ITEM 6: ITEM 8:
INVESTMENT DESCRETION VOTING AUTHORITY SHARES
(b) Shares ITEM 7:
ITEM 1: as Definces (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
BARRICK GOLD X X
BERKSHIRE HATHAWAY CL B X X
CNA FINANCIAL X X
CABLEVISION SYSTEMS X X
CITIGROUP INC X X
COLUMBIA HEALTHCARE X X
COMCAST CRP CL A SPL X X
COMMERCIAL FED (NEB) X X
CONSECO X X
EXXON MOBIL CORP. X X
LIBERTY DIGITAL INC. X X
MEDIAONE GROUP X X
MICROSOFT CORP X X
MICROSOFT CORP X X
MID AMERICAN ENERGY X X
NEWS CORP.LTD.PFD. X X
AMEX DIAMONDS X X
PACIFIC GATEWAY X X
REPUBLIC NEW YORK CORP. X X
SBC COMMUNICATIONS X X
SBC COMMUNICATIONS X X
TCI SATELLITE CL A X X
LIBERTY MEDIA CORP. X X
LIBERTY MEDIA CORP. X X
TIME WARNER INC X X
UTD.HEALTHCARE X X
WINSTAR COMMUN. X X
</TABLE>
