13F-HR 1 cumberland.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 29, 2002 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: Cumberland Associates Address: 1114 Avenue Of the Americas New York, NY 10036 13 File Number: 28-1010 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 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 Tynes Title: CFO Phone: Signature, Place and Date of Signing: Gary Tynes May 6, 2002 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 63 Form 13F Information Table Value Total: 602853 List of Other Included Managers: No. 13F File Number Name 01 28-1010 CUMBERLAND ASSOCIATES2 02 FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- -------- D ADAPTEC INC COM COMMON STOCK 00651F108 8958 670000 SH SOLE 0102 596402 73598 0 D AMERICAN PWR CONVERSION CORP COMMON STOCK 029066107 4085 276360 SH SOLE 0102 246027 30333 0 D AOL TIME WARNER COMMON STOCK 00184A105 7095 300000 SH SOLE 0102 267046 32954 0 D ASCENTIAL SOFTWARE CORP COM COMMON STOCK 04362P108 6282 1631559 SH SOLE 0102 1452352 179207 0 D BENTON OIL & GAS CO COM COMMON STOCK 083288100 10564 2780000 SH SOLE 0102 2474628 305372 0 D BOWATER INC USD1 COM COMMON STOCK 102183100 9213 185000 SH SOLE 0102 164684 20316 0 D BRISTOL MYERS SQUIBB CO USD.10 COMMON STOCK 110122108 607 15000 SH SOLE 0102 13354 1646 0 D CALPINE CORP COM COMMON STOCK 131347106 13970 1100000 SH SOLE 0102 979177 120823 0 D CARNIVAL CORP COM STK COMMON STOCK 143658102 9795 300000 SH SOLE 0102 267044 32956 0 D CHAMPION ENTERPRISES INC COMMON STOCK 158496109 400 50000 SH SOLE 0102 44509 5491 0 D CITIZENS COMM CO COM STK COMMON STOCK 17453B101 11813 1098897 SH SOLE 0102 977920 120977 0 D CONSECO INC COM COMMON STOCK 208464107 13394 3700000 SH SOLE 0102 3293885 406115 0 D CORNING INC COM COMMON STOCK 219350105 2286 300000 SH SOLE 0102 267075 32925 0 D CVS CORP COM COMMON STOCK 126650100 10299 300000 SH SOLE 0102 267046 32954 0 D DISNEY WALT CO COM STK COMMON STOCK 254687106 6924 300000 SH SOLE 0102 267049 32951 0 D E*TRADE GROUP INC COM COMMON STOCK 269246104 12246 1300000 SH SOLE 0102 1157205 142795 0 D EMCOR GROUP INC COM COMMON STOCK 29084Q100 26022 448650 SH SOLE 0102 399267 49383 0 D GAP INC COM COMMON STOCK 364760108 4512 300000 SH SOLE 0102 267049 32951 0 D GLOBALSANTAFE CORP OPTIONS - CALLS G3930EAAE 1635 50000 SH CALL SOLE 0102 44400 5600 0 D GOLDEN STATE BANCORP COM STK COMMON STOCK 381197102 14845 500000 SH SOLE 0102 445078 54922 0 D GUIDANT CORP COM COMMON STOCK 401698105 14945 345000 SH SOLE 0102 307107 37893 0 D HANDSPRING INC COM STK COMMON STOCK 410293104 5126 1100000 SH SOLE 0102 979176 120824 0 D HANOVER COMPRESSOR CO COM COMMON STOCK 410768105 17990 1000000 SH SOLE 0102 890152 109848 0 D INFONET SERVICES CORPORATION COMMON STOCK 45666T106 6448 2917706 SH SOLE 0102 2596542 321164 0 D KPMG CONSULTING COMMON STOCK 48265R109 8431 417358 SH SOLE 0102 371513 45845 0 D KULICKE & SOFFA INDS INC COM COMMON STOCK 501242101 6763 325000 SH SOLE 0102 289331 35669 0 D LENDINGTREE INC COMMON STOCK 52602Q105 8710 650000 SH SOLE 0102 578602 71398 0 D LIBERTY MEDIA CORP NEW COMMON STOCK 530718105 19981 1580771 SH SOLE 0102 1407126 173645 0 D LYONDELL CHEMICAL CO COM COMMON STOCK 552078107 3322 200000 SH SOLE 0102 178332 21668 0 D MATTEL INC COM COMMON STOCK 577081102 12038 577631 SH SOLE 0102 514259 63372 0 D MAVERICK TUBE CORP COMMON STOCK 577914104 6691 410000 SH SOLE 0102 364964 45036 0 D MILESTONE SCIENTIFIC INC COM COMMON STOCK 59935P100 524 770000 SH SOLE 0102 680000 90000 0 D MOHAWK INDS INC COM COMMON STOCK 608190104 22590 375930 SH SOLE 0102 334677 41253 0 D MYKROLIS CORP COMMON STOCK 62852P103 1560 102000 SH SOLE 0102 90798 11202 0 D NABORS INDS INC COM COMMON STOCK 629568106 10563 250000 SH SOLE 0102 222538 27462 0 D NABORS INDS INC COM OPTIONS - CALLS 6295685AE 2049 48500 SH CALL SOLE 0102 43200 5300 0 D NABORS INDS INC COM OPTIONS - CALLS 6295685AF 2113 50000 SH CALL SOLE 0102 44400 5600 0 D NOBLE DRILLING CORP SEE CUSIP COMMON STOCK 655042109 13659 330000 SH SOLE 0102 293747 36253 0 D NOVELL INC COM COMMON STOCK 670006105 13810 3550000 SH SOLE 0102 3165344 384656 0 D OCCIDENTAL PETE CORP COM COMMON STOCK 674599105 8745 300000 SH SOLE 0102 267396 32604 0 D OFFICE DEPOT INC USD.01 COM COMMON STOCK 676220106 12355 622441 SH SOLE 0102 554125 68316 0 D PANCANDN ENER COM STK COMMON STOCK 69831A107 18141 610000 SH SOLE 0102 543038 66962 0 D PHARMACEUTICAL RESOURCES INC COMMON STOCK 717125108 22512 1062400 SH SOLE 0102 945780 116620 0 D PHELPS DODGE CORP COM COMMON STOCK 717265102 4210 100000 SH SOLE 0102 89024 10976 0 D PLACER DOME INC CAD COM NPV COMMON STOCK 725906101 10719 875000 SH SOLE 0102 778889 96111 0 D PRIME HOSPITALITY CORP COMMON STOCK 741917108 9620 731591 SH SOLE 0102 651285 80306 0 D QUIDEL CORP USD.001 COM COMMON STOCK 74838J101 3305 500000 SH SOLE 0102 445075 54925 0 D QUINTILES TRANSNATIONAL CORP COMMON STOCK 748767100 24140 1360000 SH SOLE 0102 1210609 149391 0 D RESORTQUEST INTL INC COM STK COMMON STOCK 761183102 4632 634462 SH SOLE 0102 564807 69655 0 D S1 CORPORATION COM STK COMMON STOCK 78463B101 7720 500000 SH SOLE 0102 445077 54923 0 D SCIENTIFIC-ATLANTA COMMON STOCK 808655104 6426 278198 SH SOLE 0102 247643 30555 0 D SCIOS INC COM COMMON STOCK 808905103 12151 420000 SH SOLE 0102 373862 46138 0 D SIX FLAGS, INC COM NEW COMMON STOCK 83001P109 9618 538500 SH SOLE 0102 479346 59154 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 29505 2100000 SH SOLE 0102 1869337 230663 0 D SPINNAKER EXPL COM STK COMMON STOCK 84855W109 3394 81500 SH SOLE 0102 72551 8949 0 D STONE ENERGY CORP COM COMMON STOCK 861642106 7750 200000 SH SOLE 0102 178044 21956 0 D TARO PHARMACEUTICAL INDS SHS A COMMON STOCK M8737E108 1701 60000 SH SOLE 0102 53412 6588 0 D TEREX CORP NEW COM COMMON STOCK 880779103 8545 378115 SH SOLE 0102 336584 41531 0 D TESORO PETROLEUM CORP COMMON STOCK 881609101 6112 435000 SH SOLE 0102 387219 47781 0 D UNITED MICRO ELECTRONICS ADS ADRS STOCKS 910873207 8040 754950 SH SOLE 0102 671847 83103 0 D VISHAY INTERTECHNLGY COMMON STOCK 928298108 9756 479651 SH SOLE 0102 426963 52688 0 D WEATHERFORD INTERNATIONAL COMMON STOCK 947074100 12622 265000 SH SOLE 0102 235888 29112 0 D WOMEN FIRST HEALTHCA RE INC CO COMMON STOCK 978150100 8876 897500 SH SOLE 0102 799696 97804 0 S REPORT SUMMARY 63 DATA RECORDS 602853 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED