<PAGE>
THIS FILING LISTS SECURITIES HOLDINGS REPORTED
ON THE FORM 13F FILED ON FEBRUARY 14, 2000 AND
PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT AND FOR WHICH
THAT REQUEST
EXPIRED ON NOVEMBER 14, 2000
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 [x ]; Amendment Number: 3
This Amendment (Check only one.): [ ] is a restatement.
[x] 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 11/14/00
------------------ ------------------- --------
[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: 3
Form 13F Information Table Value Total: $77,715
(thousands)
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
--------------- -------------- -------- -------- ---------------------- ---------- -------- -------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
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>
COLUMBIA ENERGY COMMON 197648108 41,233 651,900 SH SOLE SOLE
SNYDER
COMMUNICATIONS COMMON 832914105 34,076 1,770,200 SH SOLE SOLE
SNYDER
COMMUNICATIONS COMMON 832914105 2,406 125,000 SH CALL SOLE SOLE
</TABLE>
