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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 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: GBU Inc.
Address: 70 East 55th Street - 12th Floor
New York, New York 10022
13F File Number: 28-3994
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: Gerald B. Unterman
Title: President
Phone: (212) 753-0700
Signature, Place, and Date of Signing:
/s/Gerald B. Unterman New York, New York November 9, 1999
Report Type (Check only one):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
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FORM 13F SUMMARY PAGE
Report Summary
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 20
Form 13F Information Table Value Total: $360,349
List of Other Included Managers: None
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
NAME OF TITLE OF CUSIP VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING VOTING VOTING
ISSUER CLASS (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS AUTHORITY AUTHORITY AUTHORITY
SOLE SHARED NONE
- ------- -------- --------- -------- ------- --- ---- ------- -------- --------- --------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Advantica COM 00758B109 729 248,119 SH SOLE 248,119 0 0
Restaurant
Group
AT&T COM LIB 001957208 2,997 80,730 SH SOLE 80,730 0 0
Corp. GRP A
Calif. Fed. 2nd CONT. 130209703 728 646,674 SOLE 0 0 0
Bank FSB LITIG.
Calif. Fed. CONT. 130209604 855 350,751 SOLE 0 0 0
Bank FSB LITIG. REC.
Cell COM 15114R101 15,841 1,726,885 SH SOLE 1,726,885 0 0
Pathways
Inc.
Cendant COM 151313103 45,263 2,550,000 SH SOLE 2,550,000 0 0
Corp.
Dime COM 25429Q102 23,999 1,371,372 SH SOLE 1,371,372 0 0
Bancorp
Golden COM 381197102 24,676 1,375,642 SH SOLE 1,375,642 0 0
State
Bancorp
Golden WT EX 381197136 1,667 1,375,642 WT SOLE 0 0 0
State 000000
Bancorp
Kmart Fing PFD TR CV 498778208 1,237 25,975 SH SOLE 25,975 0 0
7.75%
</TABLE>
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<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Loral PFD CV 6% G56462149 2,412 49,100 SH SOLE 49,100 0 0
Space
Mediaone PFD CV SER 58440J203 2,554 24,339 SH SOLE 24,339 0 0
Group Inc. D
Millicom ORD L63888F102 (1,409) (50,000) SH SOLE (50,000) 0 0
Intl.
Cellular
S.A
National CAP UTS 632525309 33 1,190 SH SOLE 1,190 0 0
Australia EXCHBL
Bank Ltd.
Nextel CLA 65332V103 99,527 1,467,734 SH SOLE 1,467,734 0 0
Commun.
Inc.
PSI Net PFD CV 6.75 74437C309 857 21,300 SH SOLE 21,300 0 0
Inc.
Qwest COM 749121109 1,212 41,000 SH SOLE 41,000 0 0
Commun.
Inc.
Royal PFD CONV V7780T103 2,492 18,100 SH SOLE 18,100 0 0
Caribbean
Cruises
US West COM 91273H101 36,663 642,500 SH SOLE 642,500 0 0
Inc.
WinStar COM 975515107 98,016 2,497,225 SH SOLE 2,497,225 0 0
Commun.
Inc.
</TABLE>
