================================================================================
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: Greenhut Overseas, L.L.C.
--------------------------------------------------------------
Address: 277 Park Avenue, 27th Floor
--------------------------------------------------------------
New York, NY 10172
--------------------------------------------------------------
Form 13F File Number: 28-05238
----------
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: Gary K. Duberstein
--------------------------------------------------------------
Title: Managing Director
--------------------------------------------------------------
Phone: 212-350-5100
--------------------------------------------------------------
Signature, Place, and Date of Signing:
/s/ Gary K. Duberstein New York 11/12/99
- ----------------------- ------------ --------
(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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
---------------------------
Form 13F Information Table Entry Total: 16
---------------------------
Form 13F Information Table Value Total: $ 133,140
---------------------------
(in thousands)
List of Other Included Managers:
Provide a numbered list of the 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.
NONE
<PAGE>
FORM 13F F132S1199
Page 1 of 3 Name of Reporting Manager: Greenhut Overseas, L.L.C.
----------------------------
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Fair Item 5: Shares
Name of Issuer Title of CUSIP Market Value or Principal
Class Number Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Ascent Com COM 43628106 1,763,000 128,208
- ----------------------------------------------------------------------------------------
Bethlehem Steel COM 87509105 12,169,000 1,650,000
- ----------------------------------------------------------------------------------------
Comsat Corp. COM SER 1 20564D107 2,906,000 75,788
- ----------------------------------------------------------------------------------------
Florsheim Shoe Co. COM 343302105 38,000 15,000
- ----------------------------------------------------------------------------------------
Genesis Worldwide COM 37184G104 182,000 35,000
- ----------------------------------------------------------------------------------------
Great Atlantic & Pac. COM 390064103 1,516,000 50,000
Tea Inc.
- ----------------------------------------------------------------------------------------
Ladd Furniture Inc. COM 505739201 1,059,000 50,000
- ----------------------------------------------------------------------------------------
LTX Corp. COM 502392103 6,159,000 450,000
- ----------------------------------------------------------------------------------------
COLUMN TOTALS (Page) 0
- ----------------------------------------------------------------------------------------
Table continued...
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6: Investment Discretion Item 8: Voting Authority (Shares)
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: (b) Shared- (c) Shared- Item 7:
Name of Issuer As Defined in Other Managers
(a) Sole Instr. V See Instr. V (a) Sole (b) Shared (c) None
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Ascent Com 128,208 128,208
- -----------------------------------------------------------------------------------------------------------------------------------
Bethlehem Steel 1,650,000 1,650,000
- -----------------------------------------------------------------------------------------------------------------------------------
Comsat Corp. 75,788 75,788
- -----------------------------------------------------------------------------------------------------------------------------------
Florsheim Shoe Co. 15,000 15,000
- -----------------------------------------------------------------------------------------------------------------------------------
Genesis Worldwide 35,000 35,000
- -----------------------------------------------------------------------------------------------------------------------------------
Great Atlantic & Pac. 50,000 50,000
Tea Inc.
- -----------------------------------------------------------------------------------------------------------------------------------
Ladd Furniture Inc. 50,000 50,000
- -----------------------------------------------------------------------------------------------------------------------------------
LTX Corp. 450,000 450,000
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS (Page)
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
FORM 13F F132S1199
Page 2 of 3 Name of Reporting Manager: Greenhut Overseas, L.L.C.
----------------------------
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Fair Item 5: Shares
Name of Issuer Title of CUSIP Market Value or Principal
Class Number Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NCR Corp. COM 62886E108 19,838,000 600,000
- ----------------------------------------------------------------------------------------
Ogden Corp. COM 676346109 5,706,000 550,000
- ----------------------------------------------------------------------------------------
Primesource Corp. COM 741593107 436,000 75,000
- ----------------------------------------------------------------------------------------
Ryerson Tull COM 783755101 6,949,000 300,484
CLA
- ----------------------------------------------------------------------------------------
Scitex Ltd. ORD 809090103 1,094,000 100,000
- ----------------------------------------------------------------------------------------
Sunglass Hut COM 86736F106 13,731,000 1,300,000
- ----------------------------------------------------------------------------------------
Unisys Corp COM 909214108 40,328,000 893,700
- ----------------------------------------------------------------------------------------
Venator Group, Inc. COM 922944103 19,266,000 2,250,000
- ----------------------------------------------------------------------------------------
COLUMN TOTALS (Page) 107,348,000
- ----------------------------------------------------------------------------------------
AGGREGATE COLUMN TOTALS 133,140,000
- ----------------------------------------------------------------------------------------
Table continued...
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6: Investment Discretion Item 8: Voting Authority (Shares)
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: (b) Shared- (c) Shared- Item 7:
Name of Issuer As Defined in Other Managers
(a) Sole Instr. V See Instr. V (a) Sole (b) Shared (c) None
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
NCR Corp. 600,000 600,000
- -----------------------------------------------------------------------------------------------------------------------------------
Ogden Corp. 550,000 550,000
- -----------------------------------------------------------------------------------------------------------------------------------
Primesource Corp. 75,000 75,000
- -----------------------------------------------------------------------------------------------------------------------------------
Ryerson Tull 300,484 300,484
- -----------------------------------------------------------------------------------------------------------------------------------
Scitex Ltd. 100,000 100,000
- -----------------------------------------------------------------------------------------------------------------------------------
Sunglass Hut 1,300,000 1,300,000
- -----------------------------------------------------------------------------------------------------------------------------------
Unisys Corp 893,700 893,700
- -----------------------------------------------------------------------------------------------------------------------------------
Venator Group, Inc. 2,250,000 2,250,000
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS (Page)
- -----------------------------------------------------------------------------------------------------------------------------------
AGGREGATE COLUMN TOTALS
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
CONFIDENTIAL TREATMENT
FORM 13F F132S1199
Page 3 of 3 Name of Reporting Manager: Greenhut Overseas, L.L.C.
----------------------------
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------
Item 1: Item 2: Item 3: Item 4: Fair Item 5: Shares
Name of Issuer Title of CUSIP Market Value or Principal
Class Number Amount
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
Confidential Treatment has been requested for this page pursuant to Rule 24b-2
under the Securities Exchange Act of 1934, as amended. The confidential
information contained on this page has been omitted here and filed separately
with the Commission.
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------
Table continued...
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6: Investment Discretion Item 8: Voting Authority (Shares)
- -----------------------------------------------------------------------------------------------------------------------------------
Item 1: (b) Shared- (c) Shared- Item 7:
Name of Issuer As Defined in Other Managers
(a) Sole Instr. V See Instr. V (a) Sole (b) Shared (c) None
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
