UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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: Chesapeake Partners Management Co., Inc.
Address: 1829 Reisterstown Road
Suite 220
Baltimore, Maryland 21208
Form 13F File Number: 28-4120
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: Mark D. Lerner
Title: Vice President
Phone: (410) 602-0195
Signature, Place, and Date of Signing:
/s/ Mark D. Lerner Baltimore, Maryland 8/16/1999
---------------------- ------------------------------ ---------
[Signature] [City, State] [Date]
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).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 38
Form 13F Information Table Value Total: $323,097
(thousands)
Information for which the Company is requesting confidential treatment has been
omitted and will be filed separately with the Securities and Exchange
Commission.
List of Other Included Managers:
Provide a numbered list of name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
None
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
----------------- ---------- ----------- ---------- ----------------------- ----------- ----------- -------------------------
TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
----------------- ---------- ----------- ---------- ---------- ----- ------ ----------- ----------- -------- --------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
@ Entertainment Common 045920105 4,584 244,500 SH SOLE SOLE
Aliant Commun. Common 016090102 3,233 70,000 SH SOLE SOLE
Avondale Industries Common 054350103 6,033 154,700 SH SOLE SOLE
Bank of Commerce Common 061589107 1,563 76,700 SH SOLE SOLE
Browning Ferris Common 115885105 42,936 998,500 SH SOLE SOLE
Capstar Broadcasting Common 14067G105 7,128 260,400 SH SOLE SOLE
Coach USA Common 18975L106 6,127 146,100 SH SOLE SOLE
Coltec Industries Common 196879100 12,332 568,600 SH SOLE SOLE
Dialogic Corp. Common 252499108 9,420 214,700 SH SOLE SOLE
Diamond Fields Int'l Common 252905104 324 341,800 SH SOLE SOLE
Dynatech Common 268140100 1,078 313,600 SH SOLE SOLE
Executive Risk Common 301586103 20,781 244,300 SH SOLE SOLE
Filenes Basement Common 316866102 455 316,500 SH SOLE SOLE
Gibson Greeting Common 374827103 960 151,300 SH SOLE SOLE
Gulfstream Aerospace Common 402734107 32,302 478,100 SH SOLE SOLE
Healthcare
Financial Partners Common 42219W108 514 15,000 SH SOLE SOLE
Holophane Corp. Common 43645B106 2,669 70,000 SH SOLE SOLE
Humana, Inc. Common 444859102 259 20,000 SH SOLE SOLE
JDS Fitel Common 465934107 23,836 285,000 SH SOLE SOLE
Level One
Communications, Inc. Common 527295109 48,536 991,800 SH SOLE SOLE
Medical
Manager Corp. Common 58461C103 5,598 126,500 SH SOLE SOLE
Mosaix, Inc. Common 619454101 638 49,200 SH SOLE SOLE
McKesson Corp. Common 581556107 4,184 130,000 SH SOLE SOLE
Nextar
Pharmaceuticals Common 65333B106 7,407 371,500 SH SOLE SOLE
Oneida Ltd. Common 682505102 821 29,200 SH SOLE SOLE
Oshap Tech Ltd. Common 671039105 6,874 539,100 SH SOLE SOLE
Prime Bancorp (PA) Common 741914105 989 35,800 SH SOLE SOLE
Rental Service Corp. Common 76009V102 15,758 550,500 SH SOLE SOLE
Sterigenics Int'l Common 85915R105 1,031 39,100 SH SOLE SOLE
Superior Services Common 868316100 667 25,000 SH SOLE SOLE
Sybron Chemical Common 870903101 3,509 197,700 SH SOLE SOLE
Thermadyne Holdings Common 883435208 481 26,004 SH SOLE SOLE
U.S. Office Products Common 912325305 1,556 289,509 SH SOLE SOLE
Varian Semiconductor Common 922207105 2,608 152,300 SH SOLE SOLE
Varlen Corporation Common 922248109 15,888 392,300 SH SOLE SOLE
VWR Scientific Prod Common 918435108 9,172 250,000 SH SOLE SOLE
Whittaker Corp. Common 966680407 13,776 492,000 SH SOLE SOLE
Workflow Mgmt. Common 98137N109 7,070 496,130 SH SOLE SOLE
</TABLE>
