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: September 30, 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 October 30, 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: 65 Form 13F Information Table Value Total: 413176 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 ACTIVISION INC NEW COM NEW OPTIONS - PUTS 0049300NE 239 10000 SH PUT SOLE 0102 8900 1100 0 D ADAPTEC INC COM COMMON STOCK 00651F108 6023 1365851 SH SOLE 0102 1182723 183128 0 D AMYLIN PHARMACEUTICALS INC COMMON STOCK 032346108 2493 150000 SH SOLE 0102 129849 20151 0 D ANDRX GROUP COMMON STOCK 034553107 1827 82500 SH SOLE 0102 71986 10514 0 D APPLE COMPUTER INC COM COMMON STOCK 037833100 2867 197700 SH SOLE 0102 171369 26331 0 D ASCENTIAL SOFTWARE CORP COM COMMON STOCK 04362P108 3357 1806559 SH SOLE 0102 1565799 240760 0 D AT&T WIRELESS SERVICES INC COMMON STOCK 00209A106 2472 600000 SH SOLE 0102 519528 80472 0 D BMC SOFTWARE INC USD COM COMMON STOCK 055921100 4901 375000 SH SOLE 0102 324614 50386 0 D BUNGE LTD COMMON STOCK G16962105 12238 505700 SH SOLE 0102 437756 67944 0 D CALPINE CORP COM COMMON STOCK 131347106 3342 1353100 SH SOLE 0102 1171331 181769 0 D CHARLES SCHWAB CORP COM COMMON STOCK 808513105 5220 600000 SH SOLE 0102 519262 80738 0 D CIRCUIT CITY STORES SEE CUSIP COMMON STOCK 172737306 2745 171000 SH SOLE 0102 148166 22834 0 D CIRCUIT CITY STORES- CIRCUIT C COMMON STOCK 172737108 2429 160300 SH SOLE 0102 138957 21343 0 D CITIZENS COMM CO COM STK COMMON STOCK 17453B101 7967 1175102 SH SOLE 0102 1017528 157574 0 D CLEAR CHANNEL COMMUNICATIONS I COMMON STOCK 184502102 5543 159500 SH SOLE 0102 138068 21432 0 D CONTINENTAL AIRLINES INC CL B COMMON STOCK 210795308 135 25000 SH SOLE 0102 21804 3196 0 D CVS CORP COM COMMON STOCK 126650100 6899 272168 SH SOLE 0102 235669 36499 0 D DYNEGY INC CL-A COM STK COMMON STOCK 26816Q101 2146 1850000 SH SOLE 0102 1601430 248570 0 D DYNEGY INC CL-A COM STK OPTIONS - CALLS 26816Q2AB 232 200000 SH CALL SOLE 0102 174600 25400 0 D E*TRADE GROUP INC COM COMMON STOCK 269246104 6675 1500000 SH SOLE 0102 1298243 201757 0 D EMCOR GROUP INC COM COMMON STOCK 29084Q100 11839 238200 SH SOLE 0102 201424 36776 0 D ENCANA CORPORATION COMMON STOCK 292505104 16555 550000 SH SOLE 0102 476289 73711 0 D FLEET BOSTON FINANCIAL CORP COMMON STOCK 339030108 13215 650000 SH SOLE 0102 562663 87337 0 D FLEXTRONICS INTL LTD USD SHS COMMON STOCK Y2573F102 3137 450000 SH SOLE 0102 389546 60454 0 D GLOBALSANTAFE CORP OPTIONS - CALLS G3930E1AX 7847 351100 SH CALL SOLE 0102 304200 46900 0 D HANOVER COMPRESSOR CO COM COMMON STOCK 410768105 13280 1600000 SH SOLE 0102 1385414 214586 0 D HARVEST NATURAL RESO URCES INC COMMON STOCK 41754V103 14552 2680000 SH SOLE 0102 2319896 360104 0 D INFONET SERVICES CORPORATION COMMON STOCK 45666T106 5804 2591287 SH SOLE 0102 2243104 348183 0 D INTEL CORP COM COMMON STOCK 458140100 6945 500000 SH SOLE 0102 432817 67183 0 D KPMG CONSULTING SEE CUSIP 0740 COMMON STOCK 48265R109 7491 1159638 SH SOLE 0102 1003823 155815 0 D LIBERTY MEDIA CORP NEW COMMON STOCK 530718105 7085 986800 SH SOLE 0102 854015 132785 0 D MAVERICK TUBE CORP COMMON STOCK 577914104 1774 200000 SH SOLE 0102 173130 26870 0 D MILESTONE SCIENTIFIC INC COM COMMON STOCK 59935P100 357 1190000 SH SOLE 0102 1190000 0 0 D MOHAWK INDS INC COM COMMON STOCK 608190104 17378 350000 SH SOLE 0102 302981 47019 0 D MYKROLIS CORP COMMON STOCK 62852P103 3692 600362 SH SOLE 0102 520276 80086 0 D NABORS INDUSTRIES LTD OPTIONS - CALLS G6359F2AH 1638 50000 SH CALL SOLE 0102 43500 6500 0 D NOBLE CORP COMMON STOCK G65422100 3100 100000 SH SOLE 0102 86561 13439 0 D OFFICE DEPOT INC USD.01 COM COMMON STOCK 676220106 6298 510343 SH SOLE 0102 441794 68549 0 D OIL SVC HOLDRS TR DEPOSTRY RCP HOLDERS US ETF'S 678002106 5005 100000 SH SOLE 0102 86567 13433 0 D ORACLE CORPORATION U SD.01 COM COMMON STOCK 68389X105 7899 1005000 SH SOLE 0102 869964 135036 0 D OUTBACK STEAKHOUSE INC COM COMMON STOCK 689899102 344 12500 SH SOLE 0102 10819 1681 0 D PHARMACEUTICAL RESOURCES INC COMMON STOCK 717125108 8954 320000 SH SOLE 0102 276955 43045 0 D PRIME HOSPITALITY CORP COMMON STOCK 741917108 6164 751756 SH SOLE 0102 650951 100805 0 D QUINTILES TRANSNATIONAL CORP COMMON STOCK 748767100 12268 1290000 SH SOLE 0102 1117382 172618 0 D RESORTQUEST INTL INC COM STK COMMON STOCK 761183102 2586 644925 SH SOLE 0102 558472 86453 0 D S & P DEPOSITORY RECEIPTS TR U US ETF'S - US TR 78462F103 19221 235000 SH SOLE 0102 203664 31336 0 D S1 CORPORATION COM STK COMMON STOCK 78463B101 13266 2475000 SH SOLE 0102 2142704 332296 0 D SAP AKTIENGESELLSCHAFT ADRS STOCKS 803054204 281 25000 SH SOLE 0102 21644 3356 0 D SCIOS INC COM COMMON STOCK 808905103 6872 270000 SH SOLE 0102 233722 36278 0 D SOVEREIGN BANCORP INC COMMON STOCK 845905108 15480 1200000 SH SOLE 0102 1038763 161237 0 D SPINNAKER EXPL COM STK COMMON STOCK 84855W109 14637 510000 SH SOLE 0102 441499 68501 0 D STONE ENERGY CORP COM COMMON STOCK 861642106 7313 225000 SH SOLE 0102 194768 30232 0 D SUN MICROSYSTEMS INC USD.0006 COMMON STOCK 866810104 4921 1900000 SH SOLE 0102 1644711 255289 0 D TAKE-TWO INTERACTIVE SOFTWRE C OPTIONS - CALLS 8740540JF 725 25000 SH CALL SOLE 0102 21900 3100 0 D TARO PHARMACEUTICAL INDS SHS A COMMON STOCK M8737E108 12656 375000 SH SOLE 0102 324617 50383 0 D TEREX CORP NEW COM COMMON STOCK 880779103 6391 378162 SH SOLE 0102 327353 50809 0 D TESORO PETROLEUM CORP COMMON STOCK 881609101 1120 400000 SH SOLE 0102 346397 53603 0 D TEVA PHARMACEUTICAL ADR FOR 10 ADRS STOCKS 881624209 12730 190000 SH SOLE 0102 164475 25525 0 D TRANSOCEAN INC OPTIONS - CALLS G900781AX 2080 100000 SH CALL SOLE 0102 87300 12700 0 D UNITED MICRO ELECTRONICS ADS ADRS STOCKS 910873207 134 38000 SH SOLE 0102 33156 4844 0 D VALERO ENERGY CORP COMSTK OPTIONS - CALLS 91913YAAG 2647 100000 SH CALL SOLE 0102 87300 12700 0 D VISHAY INTERTECHNLGY COMMON STOCK 928298108 1549 176000 SH SOLE 0102 152403 23597 0 D WACHOVIA CORP Com COMMON STOCK 929903102 8172 250000 SH SOLE 0102 216412 33588 0 D WEATHERFORD INTL LTD BERMUDA COMMON STOCK G95089101 3714 100000 SH SOLE 0102 86563 13437 0 D WYETH SHS COMMON STOCK 983024100 14310 450000 SH SOLE 0102 389507 60493 0 S REPORT SUMMARY 65 DATA RECORDS 413176 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED