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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: 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: 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 February 8, 2000
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: 23
Form 13F Information Table Value Total: $602,138
List of Other Included Managers: None
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES/ SH/PRN PUT/ INVSTMT OTHER VOTING VOTING VOTING
(x$1000) PRN AMT CALL DSCRETN MANAGERS AUTHORITY AUTHORITY AUTHORITY
SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT&T Corp. COM LIB 001957208 4,571 80,730 SH SOLE 80,730 0 0
GRP A
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Calif.Fed Bank 2nd CONT. LITIG. 130209703 404 646,674 SOLE 0 0 0
FSB
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Calif. Fed. CONT. LITIG. REC. 130209604 482 350,751 SOLE 0 0 0
Bank FSB
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Cell Pathways COM 15114R101 15,974 1,726,885 SH SOLE 1,726,885 0 0
Inc.
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Cendant Corp. COM 151313103 67,734 2,550,000 SH SOLE 2,550,000 0 0
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Citrix Sys Inc. SD CV ZRO 144A19 177376AA8 4,413 5,000,000 PRN SOLE 0 0 0
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Danaher Corp. COM 235851102 38,600 800,000 SH SOLE 800,000 0 0
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Dime Bancorp. COM 25429Q102 1,371,372 SH SOLE 1,371,372 0 0
20,742
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Golden State COM 381197102 23,730 1,375,642 SH SOLE 1,375,642 0 0
Bancorp
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Golden State WT EX 000000 381197136 1,204 1,375,642 WT SOLE 0 0 0
Bancorp
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Kmart Fing PFD TR CV 7.75% 498778208 1,136 25,975 SH SOLE 25,975 0 0
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Mediaone Group PFD CV SER D 58440J203 2,651 55,220 SH SOLE 55,220 0 0
Inc.
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</TABLE>
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE SHARES/ SH/PRN PUT/ INVSTMT OTHER VOTING VOTING VOTING
(x$1000) PRN AMT CALL DSCRETN MANAGERS AUTHORITY AUTHORITY AUTHORITY
SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MCI Worldcom COM 55268B106 3,737 70,500 SH SOLE 70,500 0 0
Inc.
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National CAP UTS EXCHBL 632525309 33 1,190 SH SOLE 1,190 0 0
Australia Bank
Ltd.
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Nextel Commun. CLA 65332V103 151,268 1,467,734 SH SOLE 1,467,734 0 0
Inc.
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PSI Net Inc. PFD CV 6.75 74437C309 2,177 37,300 SH SOLE 37,300 0 0
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Qwest Commun. COM 749121109 1,763 41,000 SH SOLE 41,000 0 0
Inc.
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Royal Caribbean PFD CONV V7780T103 2,570 18,100 SH SOLE 18,100 0 0
Cruises
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Sovereign COM 845905108 11,295 1,525,000 SH SOLE 1,525,000 0 0
Bancorp. Inc.
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Stmicro-electronics SB LYON Zero 09 861012AB8 2,276 1,665,000 PRN SOLE 0 0 0
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US West COM 91273H101 46,260 642,500 SH SOLE 642,500 0 0
Inc.
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Viatel Inc. COM 925529208 11,514 215,216 SH SOLE 215,216 0 0
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WinStar Commun. COM 975515107 187,604 2,497,225 SH SOLE 2,497,225 0 0
Inc.
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</TABLE>
