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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: 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 11/15/99
------------------ ------------------- --------
[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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 39
Form 13F Information Table Value Total (thousands): $414,724
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
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Form 13F INFORMATION TABLE
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<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
- -------------------- -------------- --------- ---------- ------------------ ---------- --------- ------------------------
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ------------------------
NAME OF ISSUER TITLE 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>
Acceptance Insurance Common 004308102 $1,125 89,100 SH SOLE SOLE
American
Heritage Life Common 026522102 $1,711 53,900 SH SOLE SOLE
Ameritech Common 030954101 $9,345 140,000 SH SOLE SOLE
Bank of Boston Common 060716107 $4,338 100,000 SH SOLE SOLE
Case Corporation Common 14743R103 $8,319 167,000 SH CALL SOLE NA
Centennial Healthcare Common 150937100 $493 171,300 SH SOLE SOLE
Centocor Common 152342101 $50,891 869,000 SH SOLE SOLE
Century
Communications Common 156503104 $13,528 296,500 SH SOLE SOLE
Chartwell Re Common 16139W109 $1,180 81,700 SH SOLE SOLE
Cilcorp, Inc. Common 171794100 $3,092 47,700 SH SOLE SOLE
Cyprus Amax Minerals Common 232809103 $6,645 338,600 SH SOLE SOLE
Diamond Fields Intl Common 252905104 $524 341,800 SH SOLE SOLE
Dynatech Common 268140100 $1,568 313,600 SH SOLE SOLE
Everen Capital Common 299761106 $295 10,000 SH SOLE SOLE
First American TN Common 318900107 $6,512 148,500 SH SOLE SOLE
Fleet Financial Wts Common 338915119 $2,285 68,992 SH SOLE SOLE
Global Crossing Common G3921A100 $85,613 3,320,685 SH SOLE SOLE
IMall Common 45244X306 $1,574 84,200 SH SOLE SOLE
Infoseek Common 45678M107 $772 25,000 SH SOLE SOLE
International
Network Services Common 460053101 $13,061 240,200 SH SOLE SOLE
King World Common 495667107 $25,609 682,900 SH SOLE SOLE
Knoll, Inc. Common 498904101 $5,289 196,800 SH SOLE SOLE
Lonestar Industries Common 542290408 $11,252 225,600 SH SOLE SOLE
Metromedia Fiber Net Common 591689104 $1,439 58,734 SH SOLE SOLE
Nalco Chemical Common 629853102 $31,063 615,100 SH SOLE SOLE
Net Gravity Common 641114103 $3,786 114,500 SH SOLE SOLE
Nielsen
Media Research Common 653929109 $3,868 104,000 SH SOLE SOLE
Orion Capital Common 686268103 $16,155 341,000 SH SOLE SOLE
Periphonics Corp. Common 714005105 $4,013 127,900 SH SOLE SOLE
Saville Systems Common 805174109 $11,812 804,200 SH SOLE SOLE
Skytel
Communications Common 83087Q104 $20,007 1,084,800 SH SOLE SOLE
Sybron Chemicals Common 870903101 $3,015 197,700 SH SOLE SOLE
Texas Instruments Common 882508104 $20,563 250,000 SH PUT SOLE N/A
Thermadyne Holdings Common 883435208 $585 26,004 SH SOLE SOLE
US Office Products Common 912325305 $876 250,409 SH SOLE SOLE
Unitrode Corp Common 913283107 $25,775 613,700 SH SOLE SOLE
Varian, Inc. Common 922206107 $4,130 232,700 SH SOLE SOLE
Workflow Mgmt Common 98137N109 $5,319 409,130 SH SOLE SOLE
World Color Press Common 981443104 $7,297 195,900 SH SOLE SOLE
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