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:
This amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Masters Capital Mgmt, LLC
Address: 3060 Peachtree Road NW, Ste 1815
Atlanta, GA. 30305
13 File Number:
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
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: Mike Masters
Title:
Phone:
Signature, Place and Date of Signing:
Mike Masters February 11, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
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: 0
Form 13F Information Table Entry Total: 65
Form 13F Information Table Value Total: 295894
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D ADVANCED MICRO DEVIC ES INC US OPTIONS - CALLS 0079030AY 2893 100000 SH CALL SOLE 100000 0 0
D AIR PRODS & CHEMS INC COM COMMON STOCK 009158106 3356 100000 SH SOLE 100000 0 0
D APPLIED ANALYTICAL INDS INC COMMON STOCK 037939105 1231 135000 SH SOLE 135000 0 0
D BANK ONE CORP COM COMMON STOCK 06423A103 3200 100000 SH SOLE 100000 0 0
D BEST BUY INC COM COMMON STOCK 086516101 10050 200000 SH SOLE 200000 0 0
D BETHLEHEM STEEL CORP COM COMMON STOCK 087509105 4606 550000 SH SOLE 550000 0 0
D BEVERLY ENTERPRISES INC COM COMMON STOCK 087851309 6829 1561000 SH SOLE 1561000 0 0
D BRIGHTPOINT INC COM COMMON STOCK 109473108 1312 100000 SH SOLE 100000 0 0
D BURLINGTON NORTHN SANTA FE COR OPTIONS - CALLS 12189T0AY 1212 50000 SH CALL SOLE 50000 0 0
D CENTURY ALUMINUM CO COM COMMON STOCK 156431108 1500 100000 SH SOLE 100000 0 0
D COLUMBIA /HCA HEALTHCARE CORP COMMON STOCK 197677107 11725 400000 SH SOLE 400000 0 0
D COMPAQ COMPUTER CORP COM COMMON STOCK 204493100 1353 50000 SH SOLE 50000 0 0
D DALEEN TECH INC COM STK COMMON STOCK 23437N104 1093 50000 SH SOLE 50000 0 0
D DYNEGY INC COM STK COMMON STOCK 26816L102 8509 350000 SH SOLE 350000 0 0
D ENRON CORP COM COMMON STOCK 293561106 6656 150000 SH SOLE 150000 0 0
D FRIEDE GOLDMAN INTL INC COMMON STOCK 358430106 693 100000 SH SOLE 100000 0 0
D GLOBAL MARINE INC COM NEW COMMON STOCK 379352404 16625 1000000 SH SOLE 1000000 0 0
D GLOBIX CORP COM COMMON STOCK 37957F101 5826 97100 SH SOLE 97100 0 0
D GOODRICH B F CO COM COMMON STOCK 382388106 3973 144500 SH SOLE 144500 0 0
D GRAY COMMUNICATIONS SYS INC CL COMMON STOCK 389190208 1813 134300 SH SOLE 134300 0 0
D HEALTHCARE RECOVERIES INC COM COMMON STOCK 42220K101 725 200000 SH SOLE 200000 0 0
D HEALTHSOUTH CORP COM COMMON STOCK 421924101 1075 200000 SH SOLE 200000 0 0
D HILTON HOTELS CORP COM OPTIONS - CALLS 4328480AB 1434 150000 SH CALL SOLE 150000 0 0
D HOME DEPOT INC COM COMMON STOCK 437076102 6875 100000 SH SOLE 100000 0 0
D INNOTRAC CORP INC COM COMMON STOCK 45767M109 4296 312500 SH SOLE 312500 0 0
D INTERLINK ELECTRS COM COMMON STOCK 458751104 7044 119900 SH SOLE 119900 0 0
D JOHNS MANVILLE CORP COM COMMON STOCK 478129109 696 50000 SH SOLE 50000 0 0
D JOHNS MANVILLE CORP COM OPTIONS - CALLS 4781290AV 696 50000 SH CALL SOLE 50000 0 0
D KEY ENERGY GROUP INC COM COMMON STOCK 492914106 5243 1010800 SH SOLE 1010800 0 0
D KNIGHT/TRIMARK GROUP INC COMMON STOCK 499067106 2300 50000 SH SOLE 50000 0 0
D LONE STAR TECHNOLOGIES INC COMMON STOCK 542312103 2750 100000 SH SOLE 100000 0 0
D LORAL SPACE AND COMMUNICATIONS COMMON STOCK G56462107 2431 100000 SH SOLE 100000 0 0
D LTV CORP NEW COM COMMON STOCK 501921100 4199 1018000 SH SOLE 1018000 0 0
D MARIMBA COM COMMON STOCK 56781Q109 2303 50000 SH SOLE 50000 0 0
D MARSHALL & ILSLEY CORP COM OPTIONS - CALLS 5718343AL 6281 100000 SH CALL SOLE 100000 0 0
D MAXTOR CORP COM COMMON STOCK 577729205 2175 300000 SH SOLE 300000 0 0
D MEMC ELECTR MATERIALS INC COM COMMON STOCK 552715104 10852 885900 SH SOLE 885900 0 0
D METALINK LTD COMMON STOCK 64122w108 3325 200000 SH SOLE 200000 0 0
D MIRAGE RESORTS INC COMMON STOCK 60462E104 1512 100000 SH SOLE 100000 0 0
D NATIONWIDE FINL SVCS INC CL A COMMON STOCK 638612101 6984 250000 SH SOLE 250000 0 0
D NAVISTAR INTL CORP NEW COMMON STOCK 63934E108 4700 100000 SH SOLE 100000 0 0
D NETZEE, INC COM STK COMMON STOCK m69897102 2037 100000 SH SOLE 100000 0 0
D NS GROUP INC COM COMMON STOCK 628916108 3251 426500 SH SOLE 426500 0 0
D OLIN CORP COM COMMON STOCK 680665205 10322 521000 SH SOLE 521000 0 0
D OMI CORP-NEW COM STK COMMON STOCK Y6476W104 3104 1505000 SH SOLE 1505000 0 0
D ONYX PHARMACEUTICAL INC, COM COMMON STOCK 683399109 4220 422000 SH SOLE 422000 0 0
D PNC BANK CORP USD CO M OPTIONS - CALLS 6934750AJ 4450 100000 SH CALL SOLE 100000 0 0
D PRECISION DRILLING CORP CAD NP COMMON STOCK 74022D100 7706 300000 SH SOLE 300000 0 0
D QUANTUM CORP COM STK COMMON STOCK 747906303 3468 500000 SH SOLE 500000 0 0
D S 3 INC COM COMMON STOCK 784849101 1734 150000 SH SOLE 150000 0 0
D SEAGATE TECHNOLOGY USD.01 COM OPTIONS - CALLS 811804SAJ 18625 400000 SH CALL SOLE 400000 0 0
D SOTHEBY'S HLDGS INC CL A L VTG COMMON STOCK 835898107 4380 146000 SH SOLE 146000 0 0
D STUDENT ADVANTAGE INC COM COMMON STOCK 86386Q105 4215 190000 SH SOLE 190000 0 0
D SYMYX TECH INC COM STK COMMON STOCK 87155S108 3750 125000 SH SOLE 125000 0 0
D TEKTRONIX INC COMMON STOCK 879131100 9718 250000 SH SOLE 250000 0 0
D TENET HEALTHCARE CORP COM COMMON STOCK 88033G100 2350 100000 SH SOLE 100000 0 0
D TEXAS INSTRUMENTS IN C USD1 CO OPTIONS - PUTS 8825085MT 9662 100000 SH PUT SOLE 100000 0 0
D THREE-FIVE SYS INC COM COMMON STOCK 88554L108 1366 33332 SH SOLE 33332 0 0
D TULARIK INC COM STK COMMON STOCK 899165104 1327 41000 SH SOLE 41000 0 0
D UNITED PARCEL SERVICE CL-B COMMON STOCK 911312106 6900 100000 SH SOLE 100000 0 0
D VISX INC (DELAWARE) USD.01 CO OPTIONS - CALLS 92844S0AJ 5175 100000 SH CALL SOLE 100000 0 0
D WEIRTON STEEL CORP COM COMMON STOCK 948774104 752 110600 SH SOLE 110600 0 0
D WESTPOINT STEVENS INC COMMON STOCK 961238102 7183 410500 SH SOLE 410500 0 0
D XEROX CORP COM COMMON STOCK 984121103 6806 300000 SH SOLE 300000 0 0
D ZAMBA CORPORATION COM STK COMMON STOCK 988881108 1042 60000 SH SOLE 60000 0 0
S REPORT SUMMARY 65 DATA RECORDS 295894 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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