UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 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: Shay Assets Management, Inc.
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Address: 230 West Monroe Street, Suite 2810
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Chicago, IL 60606
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Form 13F File Number: 28-7232
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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: Edward E. Sammons, Jr.
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Title: President
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Phone: (312) 214-6590
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Signature, Place, and Date of Signing:
/s/ Edward E. Sammons, Jr. Chicago, IL 5/12/99
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Signature City, State Date
Report Type:
[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).)
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
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Form 13F Information Table Entry Total: 34
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Form 13F Information Table Value Total: $ 175,592,625
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(thousands)
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<TABLE>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
INVESTMENT DISCRETION
VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
- -------------- -------------- ----- -------- ------- --- ---- ----- ------- ----- -------- ---- ------ ----
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Abbott Laboratories common 002824100 $5,664,313 121,000 X X
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Albertsons Inc common 013104104 $5,702,813 105,000 X X
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American Express common 025816109 $2,350,000 20,000 X X
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Automatic Data Processing common 053015103 $6,206,250 150,000 X X
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Berkshire Hathaway common 084670108 $2,499,000 35 X X
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Campbell Soup Company common 134429109 $4,984,219 122,500 X X
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Clorox Co common 189054109 $5,390,625 46,000 X X
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Coca-Cola Company common 191216100 $5,370,313 87,500 X X
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Disney Walt Co common 254687106 $5,524,688 177,500 X X
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Electronic Data Systems common 285661104 $6,232,000 128,000 X X
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Emerson Electric Co common 291011104 $5,240,813 99,000 X X
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Fannie Mae common 313586109 $5,747,750 83,000 X X
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Freddie Mac common 313400301 $5,826,750 102,000 X X
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Gannett Co Inc common 364730101 $5,512,500 87,500 X X
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Gap Inc common 364760108 $7,539,000 112,000 X X
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<PAGE>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
INVESTMENT DISCRETION
VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
- -------------- -------------- ----- -------- ------- --- ---- ----- ------- ----- -------- ---- ------ ----
Genuine Parts Co common 372460105 $2,305,000 80,000 X X
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Gillette Co common 375766102 $6,954,188 117,000 X X
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Hewlett-Packard Co common 428236103 $5,391,094 79,500 X X
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Hubbell Inc - Class B Class B 443510201 $2,800,000 70,000 X X
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Intel Corp common 458140100 $6,551,875 55,000 X X
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Int'l Flavors & Fragrances common 459506101 $4,977,031 132,500 X X
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Interpublic Group of Cos common 460690100 $6,385,750 82,000 X X
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Johnson & Johnson common 478160104 $6,511,281 69,500 X X
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M&T Bank Corp common 55261F104 $1,916,000 4,000 X X
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McDonald's Corp common 580135101 $6,343,750 140,000 X X
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Merck & Co common 589331107 $6,094,250 76,000 X X
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Microsoft Corp common 594918104 $2,868,000 32,000 X X
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Nike Inc - Class B Class B 654106103 $5,480,313 95,000 X X
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Philip Morris Companies common 718154107 $4,926,250 140,000 X X
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Pitney Bowes Inc common 724479100 $5,546,250 87,000 X X
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<PAGE>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
INVESTMENT DISCRETION
VALUE SHRS OR SH/ PUT/ SHARED SHARED OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL SOLE DEFINED OTHER MANAGERS SOLE SHARED NONE
- -------------- -------------- ----- -------- ------- --- ---- ----- ------- ----- -------- ---- ------ ----
Sysco Corporation common 871829107 $5,657,188 215,000 X X
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Wal-Mart Stores common 931142103 $6,821,875 74,000 X X
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Walgreen Company common 931422109 $4,859,000 172,000 X X
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Wendy's International Inc common 950590109 $3,412,500 120,000 X X
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COLUMN TOTALS $175,592,625
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</TABLE>
