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
Check here if Amendment [ ]; Amendment Number: N/A
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: S & E Partners, L.P.
Address: 660 Madison Avenue, 20th Floor
New York, NY 10021
13F File Number: 28-04327
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: Craig Effron
Title: President
Phone: 212-355-5600
Signature, Place, and Date of Signing:
/s/ Craig Effron New York, NY October 31, 1997
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total:
Form 13F Information Table Value Total:
List of Other Included Managers:
No. 13F File Number Name
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Quarter Ended 12/31/99
Form 13F Information Table
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<CAPTION>
TITLE
OF VALUE SH/ SHARES/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN PRN AMT CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ----------- --------- -------- -------- ------- ---- ------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abraxas Petroleum Corp common 003830106 154 0.9375 163,950 Sole Sole
Abraxas Petroleum Corp common 003830106 118 0.9375 126,092 Defined 01 Sole
AirTouch Communications, Inc. common 92857TAEZ 660 60.0000 110 Call Sole Sole
AirTouch Communications, Inc. common 92857TAEZ 390 60.0000 65 Call Defined 01 Sole
AirTouch Communications, Inc. common 92857TAFH 616 56.0000 110 Call Sole Sole
AirTouch Communications, Inc. common 92857TAFH 364 56.0000 65 Call Defined 01 Sole
ARV Assisted Living Inc common 00204C107 75 1.5000 50,000 Sole Sole
ARV Assisted Living Inc common 00204C107 45 1.5000 30,000 Defined 01 Sole
Atlantic Richfield Company common 048825103 1,081 86.5000 12,500 Sole Sole
Atlantic Richfield Company common 048825103 865 86.5000 10,000 Defined 01 Sole
AT&T Corp common 001957AGA 30 2.4375 125 Call Sole Sole
AT&T Corp common 001957DDL 72 2.8750 250 Call Sole Sole
AT&T Corp common 001957DDL 43 2.8750 150 Call Defined 01 Sole
BCE Inc common 05534B109 6,313 90.1875 70,000 Sole Sole
BCE Inc common 05534B109 4,554 90.1875 50,500 Defined 01 Sole
Bonneville Pacific Corporation common 098904204 395 11.0625 35,700 Sole Sole
Bonneville Pacific Corporation common 098904204 210 11.0625 19,000 Defined 01 Sole
CD Radio Inc. common 125127100 333 44.3750 7,500 Sole Sole
CD Radio Inc. common 125127100 222 44.3750 5,000 Defined 01 Sole
Cendant Corp common 151313103 2,324 26.5625 87,500 Sole Sole
Cendant Corp common 151313103 1,753 26.5625 66,000 Defined 01 Sole
</TABLE>
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<TABLE>
<CAPTION>
TITLE
OF VALUE SH/ SHARES/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN PRN AMT CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ----------- --------- -------- -------- ------- ---- ------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Cendant Corp common 151313ABJ 331 6.6250 500 Call Sole Sole
Cendant Corp common 151313ABJ 199 6.6250 300 Call Defined 01 Sole
Cendant Corp common 151313EBE 247 9.8750 250 Call Sole Sole
Cendant Corp common 151313EBE 148 9.8750 150 Call Defined 01 Sole
Champion common 158525ADC 153 12.2500 125 Call Sole Sole
Clarify Inc. common 180492100 1,266 126.6250 10,000 Sole Sole
Clarify Inc. common 180492100 1,709 126.6250 13,500 Defined 01 Sole
Columbia Energy Group common 197648108 4,744 63.2500 75,000 Sole Sole
Columbia Energy Group common 197648108 3,245 63.2500 51,300 Defined 01 Sole
Columbus McKinnon Corp common 199333105 3,075 10.0000 307,500 Sole Sole
Columbus McKinnon Corp common 199333105 1,465 10.0000 146,475 Defined 01 Sole
Criimi Mae Inc common 226603108 288 1.4375 200,000 Sole Sole
Criimi Mae Inc common 226603108 187 1.4375 130,000 Defined 01 Sole
C-Cube Microsystems common 125015107 2,500 62.5000 40,000 Sole Sole
C-Cube Microsystems common 125015107 1,756 62.5000 28,100 Defined 01 Sole
Diamonds common 252787106 2,880 115.1875 25,000 Sole Sole
Diamonds common 252787106 1,728 115.1875 15,000 Defined 01 Sole
Earthgrain Co. common 270319106 1,459 16.1250 90,500 Sole Sole
Earthgrain Co. common 270319106 1,171 16.1250 72,600 Defined 01 Sole
Exxon Mobil Corp. common 30231GAFW 594 11.8750 500 Call Sole Sole
Exxon Mobil Corp. common 30231GAFW 356 11.8750 300 Call Defined 01 Sole
General Motors Corp. common 370442FDS 394 15.7500 250 Call Sole Sole
General Motors Corp. common 370442FDS 236 15.7500 150 Call Defined 01 Sole
General Motors Corp. common 370442ADX 247 19.7500 125 Call Sole Sole
Global Light Telecomm. Inc. common 37934X100 1,643 12.3750 132,750 Sole Sole
Global Light Telecomm. Inc. common 37934X100 1,107 12.3750 89,450 Defined 01 Sole
Global Star 8% preferred 379364508 4,050 101.2500 40,000 Sole Sole
</TABLE>
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<TABLE>
<CAPTION>
TITLE
OF VALUE SH/ SHARES/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN PRN AMT CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ----------- --------- -------- -------- ------- ---- ------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Global Star 8% preferred 379364508 2,633 101.2500 26,000 Defined 01 Sole
Howmet International Inc. common 443208103 903 18.0625 50,000 Sole Sole
Howmet International Inc. common 443208103 587 18.0625 32,500 Defined 01 Sole
ISOCOR common 464902105 2,337 43.4375 53,800 Sole Sole
ISOCOR common 464902105 1,442 43.4375 33,200 Defined 01 Sole
Jones Intercable, Inc. common 480206200 3,422 68.4375 50,000 Sole Sole
Jones Intercable, Inc. common 480206200 2,053 68.4375 30,000 Defined 01 Sole
Kenetech Corp common 488878109 290 0.5800 500,000 Sole Sole
Kenetech Corp common 488878109 238 0.5800 409,500 Defined 01 Sole
Marvel Enterprises Inc. 8% conv. prf 57383M207 1,725 5.7500 300,000 Sole Sole
Marvel Enterprises Inc. 8% conv. prf 57383M207 1,150 5.7500 200,000 Defined 01 Sole
MediaOne Group, Inc common 58440J104 12,674 76.8125 165,000 Sole Sole
MediaOne Group, Inc common 58440J104 10,022 76.8125 130,480 Defined 01 Sole
MediaOne Group, Inc common 58440JDDT 228 18.2500 125 Call Sole Sole
MediaOne Group, Inc common 58440JDEB 172 13.7500 125 Call Sole Sole
Metropolis Realty Trust Inc. common 591730106 301 10.7500 28,000 Sole Sole
Metropolis Realty Trust Inc. common 591730106 205 10.7500 19,088 Defined 01 Sole
Micron Electronics Inc. common 595100108 834 11.1250 75,000 Sole Sole
Micron Electronics Inc. common 595100108 612 11.1250 55,000 Defined 01 Sole
Nadaq-100 common 631100104 2,193 182.7500 12,000 Sole Sole
Nadaq-100 common 631100104 1,462 182.7500 8,000 Defined 01 Sole
National Westminster common 638539403 808 129.2500 6,250 Sole Sole
National Westminster common 638539403 498 129.2500 3,850 Defined 01 Sole
New Frontier Media Inc. common 644398109 155 4.1250 37,500 Sole Sole
New Frontier Media Inc. common 644398109 113 4.1250 27,500 Defined 01 Sole
Olsten Corporation common 681385100 2,828 11.3125 250,000 Sole Sole
Olsten Corporation common 681385100 1,810 11.3125 160,000 Defined 01 Sole
</TABLE>
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<TABLE>
<CAPTION>
TITLE
OF VALUE SH/ SHARES/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN PRN AMT CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ----------- --------- -------- -------- ------- ---- ------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Overseas Fimgroup Inc common 690337118 5 0.1250 40,000 Sole Sole
Overseas Fimgroup Inc common 690337118 4 0.1250 30,000 Defined 01 Sole
Qwest Communications Intl common 749121MCH 5 0.1875 250 Put Sole Sole
Qwest Communications Intl common 749121MCH 3 0.1875 150 Put Defined 01 Sole
Qwest Communications Intl common 749121MCK 6 0.3125 200 Put Sole Sole
Qwest Communications Intl common 749121MCK 5 0.3125 144 Put Defined 01 Sole
Qwest Communications Intl common 749121DCN 156 6.2500 250 Call Sole Sole
Qwest Communications Intl common 749121DCN 94 6.2500 150 Call Defined 01 Sole
Qwest Communications Intl common 749121PCN 188 3.1250 600 Put Sole Sole
Qwest Communications Intl common 749121PCN 156 3.1250 500 Put Defined 01 Sole
Rare Medium Group Inc common 75382N109 169 33.7500 5,000 Sole Sole
Rare Medium Group Inc common 75382N109 118 33.7500 3,500 Defined 01 Sole
Reynolds Metals Company common 761763101 766 76.6250 10,000 Sole Sole
Reynolds Metals Company common 761763101 1,165 76.6250 15,200 Defined 01 Sole
Reynolds Metals Company common 761763BEA 166 13.2500 125 Call Sole Sole
Reynolds Metals Company common 761763NEA 13 1.0000 125 Put Sole Sole
S&P Depositary Receipts common 78462F103 3,672 146.8750 25,000 Sole Sole
S&P Depositary Receipts common 78462F103 2,203 146.8750 15,000 Defined 01 Sole
S&P 500 Index common 037500SXY 773 25.7500 300 Put Sole Sole
S&P 500 Index common 037500SXY 528 25.7500 205 Put Defined 01 Sole
Tektronix, Inc. common 879131100 1,944 38.8750 50,000 Sole Sole
Tektronix, Inc. common 879131100 1,458 38.8750 37,500 Defined 01 Sole
Topps Company Inc common 890786106 258 10.3125 25,000 Sole Sole
Topps Company Inc common 890786106 199 10.3125 19,300 Defined 01 Sole
US West Inc common 91273H101 10,800 72.0000 150,000 Sole Sole
US West Inc common 91273H101 9,245 72.0000 128,400 Defined 01 Sole
US West Inc common 91273HDDL 223 17.8750 125 call Sole Sole
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
TITLE
OF VALUE SH/ SHARES/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN PRN AMT CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ----------- --------- -------- -------- ------- ---- ------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
US West Inc common 91273HGEB 647 13.6250 475 call Sole Sole
US West Inc common 91273HGEB 443 13.6250 325 call Defined 01 Sole
US West Inc common 912734GEQ 647 8.6250 750 call Sole Sole
US West Inc common 91273HGEQ 388 8.6250 450 call Defined 01 Sole
US West Inc common 91273HAEC 227 18.1250 125 call Sole Sole
US West Inc common 91273HAER 1,080 13.5000 800 call Sole Sole
US West Inc common 91273HAER 763 13.5000 565 call Defined 01 Sole
Varian Inc common 922206107 563 22.5000 25,000 Sole Sole
Varian Inc common 922206107 338 22.5000 15,000 Defined 01 Sole
The Walt Disney Co. common 254687106 366 29.2500 12,500 Sole Sole
The Walt Disney Co. common 254687106 234 29.2500 8,000 Defined 01 Sole
Warner-Lambert Company common 934488AFL 619 12.3750 500 Call Sole Sole
Warner-Lambert Company common 934488AFL 433 12.3750 350 Call Defined 01 Sole
Westell Technologies Inc. common 957541105 1,434 10.6250 135,000 Sole Sole
Westell Technologies Inc. common 957541105 1,089 10.6250 102,500 Defined 01 Sole
Wyndham International Inc common 983101106 1,028 2.9375 350,000 Sole Sole
Wyndham International Inc common 983101106 714 2.9375 243,000 Defined 01 Sole
154,820
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