FORM 13F
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
If amended report check here [ ]
Name of Institutional Investment Manager:
Forest Investment Management, LLC
13F File Number:
28-7052
Business Address (Street, City, State and Zip Code):
53 Forest Avenue, Old Greenwich, CT 06870
Name, Phone, and Title of Person Authorized to Submit
This Report:
Michael A. Boyd, (203) 637-7773
Report for the Calendar Year or Quarter Ended:
September 30, 1999
The institutional investment manager submitting this
Form and its attachments and the person by whom it is
signed represent hereby that all information contained
therein is true, correct and complete, it is
understood that all required items, statements and
schedules are considered integral parts of this Form
and that the submission of any amendment represents
that all unamended items, statements and schedules
remain true, correct and complete as previously
submitted.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the undersigned institutional
investment manager has caused this report to be signed
on its behalf in the City of Old Greenwich, State of
Connecticut on the 30th day of April, 1999.
FOREST INVESTMENT MANAGEMENT, LLC
By: Michael A. Boyd, Chairman
Report Type:
13F Holdings Report
List of other managers reporting for this manager:
NA
Summary Page
Report Summary:
Other Managers: NA
Information Table Entry Total:127
Information Table Value Total:$825,383
<TABLE> <C> <C>
Name of Issuer Title of Class Cusip Fair Shares of Investment DiscretManagers Voting Authority
Market ValuePrincipal AmSole Shared None Sole Shared None
ACTION PERFORMANCE COS INC SB NT CV 4.7 004933AB3 5,952,323 8,700,000x NA x
ACTIVISION INC NEW SUB NT CV 14 004930AA1 1,078,018 1,000,000x NA x
ADAPTIVE BROADBAND CORP SB NT CV 5.2 00650MAA2 8,998,770 7,437,000x NA x
AES CORP WT EXP 0731 00130H113 6,500,130 72,400x NA x
ALKERMES INC PFD CV EX$3. 01642T405 5,557,230 100,000x NA x
ALPHARMA INC SR SB CV 144 020813AC5 2,427,532 2,000,000x NA x
ALZA CORP DEL SUB DB CONV 022615AD0 8,195,567 6,750,000x NA x
ALZA CORP DEL SUB LYON ZER 022615AC2 15,318,477 27,000,000x NA x
ANTEC CORP SUB NT CV 4. 03664PAB1 10,329,152 4,500,000x NA x
APARTMENT INVT & MGMT CO PFD CONV CL 03748R705 2,313,089 92,900x NA x
APP FIN VI MAURITIUS LTD LYONS NT ZER 00202NAA3 344,562 3,000,000x NA x
ARCH COMMUNICATIONS GROUP INC SDBCV144A6.7 039381AA6 2,728,440 6,864,000x NA x
ARV ASSISTED LIVING INC SB NT CV 144 00204CAA5 3,887,379 11,743,000x NA x
ASSISTED LIVING CONCEPTS INC SUB DB CV 14 04543LAE9 2,142,250 3,895,000x NA x
AT HOME CORP SB DB CV 144 045919AA5 4,435,200 7,000,000x NA x
AVATAR HLDGS INC SUB NT CONV 053494AD2 1,871,604 2,100,000x NA x
BAKER J INC SUB NT CONV 057232AA8 5,920,586 7,000,000x NA x
BLUEGREEN CORP SB DB CV 8.2 096231AA3 1,354,706 1,571,000x NA x
CALLON PETE CO DEL PFD A CV EXC 13123X201 2,180,051 62,900x NA x
C-CUBE MICROSYSTEMS INC SBNT CV 5.87 125015AA5 4,797,049 3,443,000x NA x
CELLSTAR CORP SUB NT CONV 150925AC9 4,334,400 6,020,000x NA x
CENTRAL GARDEN & PET CO SUB NT CONV 153527AC0 2,154,750 3,000,000x NA x
CHARMING SHOPPES INC SB NT CV 7. 161133AA1 5,695,960 6,031,000x NA x
CHECKPOINT SYS INC SB DB CV 5.2 162825AB9 3,895,115 5,103,000x NA x
CHIEFTAIN INTL FDG CORP PFD CV $1.81 168672202 9,017,986 335,200x NA x
CHIQUITA BRANDS INTL INC PFD A NON VT 170032403 3,929,800 160,400x NA x
CHIRON CORP SB CV ADJ 14 170040AB5 13,366,800 12,640,000x NA x
CINCINNATI FINL CORP SR CV DB 5. 172062AB7 15,108,478 5,988,000x NA x
CITIZENS UTILS TR PFD EPPICS C 177351202 4,975,000 100,000x NA x
CMS ENERGY CORP ADJ CV TR8.7 125896308 6,359,465 175,000x NA x
CNET INC SB NT CV 144 125945AA3 32,262,810 19,621,000x NA x
CNF TR I TECONS SER A 12612V205 2,684,400 50,000x NA x
COEUR D ALENE MINES CORP IDAHO SB DB CV 7.2 192108AG3 2,019,891 3,338,000x NA x
COMVERSE TECHNOLOGY INC SUB DB CV 4. 205862AG0 16,946,160 7,500,000x NA x
CONEXANT SYSTEMS INC SB NT CV 144 207142AA8 3,423,634 2,000,000x NA x
CROSS TIMBERS OIL CO PFD CV SER A 227573201 444,835 13,900x NA x
DOUBLECLICK INC SB NT CV 144 258609AA4 25,106,560 16,000,000x NA x
DRS TECHNOLOGIES INC SR SB DB CV 23330XAB6 7,546,312 6,461,000x NA x
EL PASO ENERGY CAP TR I PFD CV TR SE 283678209 10,470,807 198,200x NA x
EMCOR GROUP INC SB NT CV 5.7 29084QAC4 3,656,252 4,000,000x NA x
EMERITUS CORP SDCV144A 6.2 291005AA4 2,470,478 4,425,000x NA x
EQUITY RESIDENTIAL PPTYS TR PFD CV J $2. 29476L826 1,582,938 58,900x NA x
FAMILY GOLF CTRS INC SB NT CV 5.7 30701AAC0 2,920,000 8,000,000x NA x
FEDERATED DEPT STORES INC DEL WT C EX 1219 31410H119 1,080,138 59,800x NA x
FEDERATED DEPT STORES INC DEL WT D EX 1219 31410H127 1,684,511 96,600x NA x
FINANCIAL FED CORP SUB NT CV 4. 317492AC0 7,571,283 8,900,000x NA x
FNB CORP PA PFD CV SER B 302520200 637,188 11,100x NA x
FREEPORT-MCMORAN COPPER & GOLD PFD CV 0.05S 35671D501 2,648,223 148,000x NA x
FUISZ TECHNOLOGIES LTD SB DB CV 359536AB5 3,337,729 3,481,000x NA x
FUISZ TECHNOLOGIES LTD SB DB CV 144 359536AA7 3,382,217 3,520,000x NA x
GENZYME CORP SB NT CV 5.2 372917AF1 21,620,776 16,400,000x NA x
GLOBAL TELESYSTEMS GROUP SRSB BD CV14 37936UAA2 985,938 500,000x NA x
GOLDEN ST BANCORP INC WT EXP 0821 381197128 1,258,993 136,100x NA x
GST TELECOMMUNICATIONS INC SSBDISC144AC 361942AA3 4,286,947 4,600,000x NA x
HEWLETT PACKARD CO SB LYON ZERO 428236AC7 21,244,230 35,000,000x NA x
HEXCEL CORP NEW SUB NT CV 428291AA6 6,870,331 8,968,000x NA x
HILTON HOTELS CORP SUB NT CONV 432848AL3 4,851,486 6,000,000x NA x
HMT TECHNOLOGY CORP SB NT CV 5.7 403917AD9 1,954,630 5,000,000x NA x
HOWELL CORP PFD A CV $3. 443051206 2,733,621 100,400x NA x
HUMAN GENOME SCIENCES INC SUB NT CV 14 444903AA6 9,360,000 6,000,000x NA x
ICO HLDGS INC PFD CV DEP 1 449293307 328,224 25,505x NA x
INCO LTD DEB CV 7.7 453258AH8 2,144,625 2,372,000x NA x
INCO LTD DEB CONV 5.7 453258AK1 10,100,081 10,614,000x NA x
INNKEEPERS USA TR PFD CV A 8.6 4576J0302 643,900 37,600x NA x
INTEGRATED DEVICE TECHNOLOGY SUB NT CV 5. 458118AA4 6,416,540 6,808,000x NA x
INTERMAGNETICS GEN CORP SBDB144A 5.7 458771AB8 5,802,601 8,600,000x NA x
ITRON INC SB NT CV 144 465741AA4 236,903 383,000x NA x
ITRON INC SB NT CV 6.7 465741AC0 1,542,491 2,495,000x NA x
JACOR COMMUNUNICATIONS INC WT EXP 0918 469858146 5,351,327 892,468x NA x
KELLSTROM INDS INC SB NT CV 5.7 488035AC0 2,650,375 3,640,000x NA x
KMART FING I PFD TRCV 7.7 498778208 23,875,000 500,000x NA x
LABORATORY CORP AMER HLDGS PFD CV EXCH% 50540R201 633,574 11,200x NA x
LITTELFUSE INC WT A EX12270 537008120 450,820 24,716x NA x
LONE STAR INDS INC WT EXP 1231 542290119 35,081,100 433,100x NA x
LORAL SPACE & COMMUNICATIONS PFD CONV C 6 G56462149 7,359,375 150,000x NA x
LSI LOGIC CORP SB NT CV 4.2 502161AD4 3,568,784 2,000,000x NA x
MAGNA INTL INC SUB DEB CV 5 559222AE4 30,580,057 30,685,000x NA x
MARSH SUPERMARKETS INC SUB DB CONV 571783AB5 3,260,127 3,292,000x NA x
MEDIAONE GROUP INC PFD CV SER D 58440J203 3,394,533 25,000x NA x
MEDICAL MANAGER CORP NEW SUB DB CONV 58461UAA1 17,014,614 17,590,000x NA x
METROMEDIA INTL GROUP INC PFD CONV % 591695200 4,873,962 197,600x NA x
MICHAELS STORES INC SUB NT CV4.7 594087AC2 9,943,000 10,000,000x NA x
MICRON TECHNOLOGY INC SUB NT CONV 595112AB9 22,897,938 19,550,000x NA x
MINDSPRING ENTERPRISES INC SB NT CV 602683AA2 3,701,300 4,000,000x NA x
NATIONAL DATA CORP SUB NT CONV 635621AA3 9,327,439 11,000,000x NA x
NATIONAL SEMICONDUCTOR CORP SB NT CV 6. 637640AB9 14,650,293 14,761,000x NA x
NORTHWEST NAT GAS CO DEB CONV 7.2 667655AM6 941,119 740,000x NA x
PARK ELECTROCHEMICAL CORP SUBNT CV 5. 700416AB6 3,660,107 3,815,000x NA x
PATINA OIL & GAS CORP PFD CV 7.125 703224204 2,619,000 97,000x NA x
PENN TREATY AMERN CORP SB NT CV 144 707874AA1 3,845,911 4,100,000x NA x
PENN TREATY AMERN CORP SB NT CV 6.2 707874AC7 6,769,959 7,210,000x NA x
PETSMART INC SB NT CV 6.7 716768AB2 7,494,404 10,900,000x NA x
PHILIPPINE LONG DISTANCE TEL SPONSORED GD 718252703 14,748,882 352,500x NA x
PIER 1 IMPORTS INC SB NT CV 5.7 720279AF5 8,912,676 8,805,000x NA x
QUADRAMED CORP SB DB CV 5.2 74730WAC5 3,971,850 7,500,000x NA x
QUANEX CORP SB DB CV 6.8 747620AC6 6,837,040 6,736,000x NA x
RECKSON ASSOCS RLTY CORP PFD CV SER A 75621K205 1,519,050 74,100x NA x
RENT WAY INC SB DB CV 76009UAB0 940,622 650,000x NA x
REPTRON ELECTRONICS INC SB NT CV 6.7 76026WAA7 1,418,737 2,977,000x NA x
RES-CARE INC SR NT CONV 760943AC4 3,219,018 3,200,000x NA x
RES-CARE INC SB NT CV 144 760943AA8 4,388,117 4,365,000x NA x
ROBBINS & MYERS INC SUB NT CV 6. 770196AA1 8,800,930 10,681,000x NA x
ROUSE CO PFD CONV SER 779273309 2,041,931 55,675x NA x
SABRATEK CORP NT CV 78571UAA6 783,438 2,725,000x NA x
SEACOR SMIT INC SUBNTCV 5.37 811904AE1 21,667,438 22,300,000x NA x
SEAGRAM LTD PFD ADJ CV S 811850205 6,118,000 133,000x NA x
SEALED AIR CORP NEW PFD CV A $2 81211K209 20,324,440 400,000x NA x
SENSORMATIC ELECTRS CORP PFD 1/10CV6. 817265200 4,030,634 199,650x NA x
SEPRACOR INC SB DB CV 144 817315AC8 428,520 250,000x NA x
SEPRACOR INC SB DB CV 6.2 817315AE4 5,827,117 3,400,000x NA x
SEQUA CORPORATION PFD CONV $5 817320302 11,102,650 117,800x NA x
SINCLAIR BROADCAST GROUP INC PFD CV EXCH 829226505 3,235,500 100,000x NA x
ST PAUL CAP L L C PFD MIPS 6% 792856205 4,729,400 88,400x NA x
STANDARD AUTOMOTIVE CORP PFD SR CV8.5 853097202 246,675 19,400x NA x
SUNRISE ASSISTED LIVING INC SUB NT CV 5. 86768KAC0 5,751,000 6,000,000x NA x
SYSTEMS & COMPUTER TECHNOLOGY SUB DB CONV 871873AB1 3,335,299 4,300,000x NA x
TELXON CORP SUB DB CV 7. 879700AA0 396,000 660,000x NA x
TESORO PETE CORP PIES CV 1/10 881609408 1,722,224 110,300x NA x
THERMOQUEST CORP GTDSDCV 144A 883655AA0 1,811,711 1,860,000x NA x
TOWER AUTOMOTIVE INC SB NT CV 891707AE1 13,246,408 14,000,000x NA x
UNITED STATES CELLULAR CORP LYON ZERO 911684AA6 8,683,156 13,405,000x NA x
VERITAS SOFTWARE CO SB NT CV 5.2 923436AB5 8,568,136 2,348,000x NA x
VETERINARY CTRS AMER INC SB DB CV 5.2 925514AB7 3,323,819 4,705,000x NA x
WENDYS FING I TECONS SER A 950588202 2,401,506 42,100x NA x
WESTERN DIGITAL CORP COM 958102105 216,958 58,836x NA x
WHX CORP PFD CV SER A 929248201 12,694,673 340,600x NA x
WORLD ACCESS INC SB DB CV 144 98141AAA9 4,566,424 6,790,000x NA x
825,382,649 621,169,350
</TABLE>
