UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F COVER PAGE
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT
TO SECTION 13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended March 31, 1999
CHECK HERE IF AMENDED: [ ]; AMENDMENT NUMBER:
THIS AMENDMENT (CHECK ONLY ONE.); [ ] IS A RESTATEMENT
[x] ADDS NEW HOLDINGS ENTRIES
STEINBERG ASSET MANAGEMENT
- --------------------------------------------------------------------------------
Name of Institutional Investment Manager
12 EAST 49TH STREET, NEW YORK, NY 10017
- --------------------------------------------------------------------------------
Business Address (Street) (City) (State) (Zip)
STEVEN FELD 212-980-0080 VICE PRESIDENT
- --------------------------------------------------------------------------------
Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
FORM 13F FILE NUMBER: 28-1693
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 Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of New York and State of New York on the 6th day of
May, 1999.
STEINBERG ASSET MANAGEMENT
------------------------------------------
(Name of Institutional Investment Manager)
/s/ Steven Feld
------------------------------------------
(Manual Signature of Person Duly
Authorized to Submit This Report)
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).)
List of other managers reporting for this manager: None
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-----------------------
Form 13F Information Table Entry Total: 77
---------------------------
Form 13F Information Table Value Total: $401,568,000
--------------------------
List of Other Reporting Managers: None
<PAGE>
<TABLE>
MARKET VOTING AUTHORITY
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES/ SH/PRN PUT/ INVEST MANAGERS ----------------------
CLASS (X1000) PRN AMT CALL DISCRETN SOLE SHARED NONE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
***BCE INC COMMON 05534B109 377 8500 SH SOLE 8500
***BP AMOCO P L C COMMON 055622104 982 9720 SH SOLE 9720
***NOKIA CORP-SPONSORED ADR PUT 6549028PG 389 2500 SH PUT SOLE 2500
***REUTERS GROUP PLC COMMON 76132M102 256 2946 SH SOLE 2946
***SEAGRAM CO LTD COMMON 811850106 19517 390330 SH SOLE 270550 119780
***SMITHKLINE BEECHAM PLC COMMON 832378301 386 5400 SH SOLE 5400
***STOLT COMEX SEAWAY SA COMMON L8873E103 212 22000 SH SOLE 22000
A H BELO CORP-SER A COMMON 080555105 183 10000 SH SOLE 10000
AMER INTERNATIONAL GROUP INC COMMON 026874107 427 3543 SH SOLE 3543
AMER INTERNATIONAL GROUP INC PUT 0268749PB 603 5000 SH PUT SOLE 5000
AMER INTERNATIONAL GROUP INC PUT 0268749PC 302 2500 SH PUT SOLE 2500
AT&T CORP COMMON 001957109 1484 18599 SH SOLE 18599
AT&T CORP LIBERTY MEDIA GROUP COMMON 001957208 2332 44331 SH SOLE 44331
BANCTEC INC COMMON 059784108 128 10400 SH SOLE 10400
BANK OF NEW YORK CO INC COMMON 064057102 252 7000 SH SOLE 7000
BAXTER INTERNATIONAL INC COMMON 071813109 673 10200 SH SOLE 10200
BECTON DICKINSON & CO COMMON 075887109 269 7024 SH SOLE 7024
BHC COMMUNICATIONS INC-CL A COMMON 055448104 22818 185889 SH SOLE 138400 47489
BRISTOL MYERS SQUIBB CO COMMON 110122108 441 6880 SH SOLE 6880
BURLINGTON RESOURCES INC COMMON 122014103 241 6024 SH SOLE 6024
CARTER WALLACE INC COMMON 146285101 1881 104500 SH SOLE 104500
CHARMING SHOPPES INC COMMON 161133103 7130 1839900 SH SOLE 1047300 792600
CHEVRON CORP COMMON 166751107 320 3600 SH SOLE 3600
CHRIS-CRAFT INDUSTRIES INC COMMON 170520100 14654 321193 SH SOLE 252103 69090
CISCO SYSTEMS INC PUT 17275R9PS 274 2500 SH PUT SOLE 2500
CISCO SYSTEMS INC PUT 17275R9PT 274 2500 SH PUT SOLE 2500
CITIGROUP INC COMMON 172967101 1405 22000 SH SOLE 22000
CITIGROUP INC PUT 1729679PL 798 12500 SH PUT SOLE 12500
COMMUNICATION INTELLIGENCE COMMON 20338K106 1941 1002000 SH SOLE 1002000
EVEREST REINSURANCE HOLDINGS COMMON 299808105 8408 269600 SH SOLE 140400 129200
EXXON CORP COMMON 302290101 648 9186 SH SOLE 9186
GANNETT CO INC COMMON 364730101 202 3200 SH SOLE 3200
GENERAL ELECTRIC CO PUT 3696049PA 1106 10000 SH PUT SOLE 10000
GENERAL MOTORS CORP PUT 3704429PQ 435 5000 SH PUT SOLE 5000
GRAHAM FIELD HEALTH PROD. INC. COMMON 384632105 819 452100 SH SOLE 397500 54600
GULFMARK OFFSHORE INC COMMON 402629109 683 57250 SH SOLE 57250
HARCOURT GENERAL INC COMMON 41163G101 21784 491600 SH SOLE 279300 212300
HARTFORD FINANCIAL SERVICES COMMON 416515104 205 3600 SH SOLE 3600
IMS HEALTH INC COMMON 449934108 305 9200 SH SOLE 9200
INTERNATIONAL BUSINESS COMMON 459200101 264 1489 SH SOLE 1489
JOHNSON & JOHNSON COMMON 478160104 287 3066 SH SOLE 3066
LABORATORY CORP OF AMERICA CONV PRE 50540R201 19924 410800 SH SOLE 311800 99000
LOEWS CORP COMMON 540424108 1985 26600 SH SOLE 26600
LUCENT TECHNOLOGIES INC COMMON 549463107 200 1852 SH SOLE 1852
LUCENT TECHNOLOGIES INC PUT 5494639PR 810 7500 SH PUT SOLE 7500
MATTEL INC COMMON 577081102 2150 86200 SH SOLE 46500 39700
MCDONALDS CORP COMMON 580135101 1736 38308 SH SOLE 38308
MEDIAONE GROUP INC COMMON 58440J104 23290 367126 SH SOLE 243450 123676
MERCK & CO INC COMMON 589331107 913 11400 SH SOLE 11400
MERRILL LYNCH & CO INC PUT 5901889PN 443 5000 SH PUT SOLE 5000
MICROSOFT CORP COMMON 594918104 896 10000 SH SOLE 10000
MORTON INTERNATIONAL INC-IND COMMON 619335102 12943 352200 SH SOLE 236300 115900
NCR CORP NEW COMMON 62886E108 33853 677064 SH SOLE 436000 241064
NEWPARK RESOURCES INC NEW COMMON 651718504 3144 433600 SH SOLE 323000 110600
NORTHROP GRUMMAN CORP COMMON 666807102 1317 22000 SH SOLE 22000
PENNZENERGY CO COMMON 70931Q109 852 81150 SH SOLE 75650 5500
PENNZOIL-QUAKER STATE CO COMMON 709323109 10852 876927 SH SOLE 630195 246732
PEPSICO INC COMMON 713448108 235 6000 SH SOLE 6000
PFIZER INC COMMON 717081103 916 6600 SH SOLE 6600
PROVIDENCE & WORCESTER COMMON 743737108 861 77400 SH SOLE 77400
Q MED INC COMMON 747914109 163 50000 SH SOLE 50000
REYNOLDS METALS CO COMMON 761763101 5657 117100 SH SOLE 85000 32100
RISK CAPITAL HOLDINGS INC COMMON 767711104 10827 715854 SH SOLE 554200 161654
RIVERWOOD INTL CORP CONV BOND 769507AF1 6670 5800000 PRN SOLE 5550000 250000
SNAP-ON INC COMMON 833034101 23835 821900 SH SOLE 476200 345700
SOLA INERNATIONAL INC COMMON 834092108 1158 96000 SH SOLE 39000 57000
SPRINT CORP COMMON 852061100 343 3500 SH SOLE 3500
STERIS CORP COMMON 859152100 4608 173052 SH SOLE 172408 644
TCA CABLE TV INC COMMON 872241104 761 17500 SH SOLE 17500
TIG HOLDINGS INC COMMON 872469101 22814 1398557 SH SOLE 861415 537142
TIME WARNER (HOLDING CO) COMMON 887315109 10607 149788 SH SOLE 66600 83188
TODD AO CORP COMMON 888896107 197 24984 SH SOLE 24984
TOM BROWN INC NEW COMMON 115660201 39403 3249716 SH SOLE 2040950 1208766
TRANSOCEAN OFFSHORE INC COMMON 893817106 12452 432188 SH SOLE 285200 146988
VENATOR GROUP INC COMMON 922944103 690 97650 SH SOLE 93200 4450
WASTE MANAGEMENT INC DEL COMMON 94106L109 12283 276800 SH SOLE 147600 129200
WEATHERFORD INTERNATIONAL INC COMMON 947074100 11106 425117 SH SOLE 238585 186532
WESTWOOD ONE INC COMMON 961815107 4581 160727 SH SOLE 148200 12527
401568 No. of Other Reporting Managers: 0
</TABLE>
