13F-HR 1 e-6870.txt FORM 13F OF KADEM CAPITAL MANAGEMENT, INC. 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 31, 2001 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: Kadem Capital Management, Inc., attn: Kenneth B. Lissak Address: 767 Third Avenue, 38th Floor New York, NY 10017 Form 13F File Number: 28-05407 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: Kenneth B. Lissak Title: Chairman Phone: (212) 752-8800 Signature, Place, and Date of Signing: /s/ Kenneth B. Lissak New York, New York May 15, 2001 --------------------- ------------------ ------------ [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).) List of Other Managers Reporting for this Manager: None 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: Two* Form 13F Information Table Entry Total: 47 Form 13F Information Table Value Total: $149,272,231 List of Other Included Managers: No. Name --- ---- (1) Kenneth B. Lissak (2) Adam D. Sender * Messrs. Lissak and Sender are the Investment Managers of a single investment advisory firm, Kadem Capital Management, Inc., which has investment discretion over the investment portfolios reported herein.

IN- VEST- MENT DIS- OTHER VOTING TITLE OF CUSIP MARKET SHARES OR SH PUT/ CRE- MANA- AUTHORITY NAME OF ISSUER CLASS NUMBER VALUE PRN AMT PRN CALL TION GERS SOLE SHARED NONE -------------- ----- ------ ----- ------- --- ---- ---- ---- ---- ------ ---- 3Agere ~~Com~~Systems ~~Corp.~~ COM ~~885535104~~00845V100 ~~638~~2,363,850.00 75382,~~000~~500 SH OTHER (1),(2) ~~75,000~~Sole ATAmazon &Com., TInc. COM ~~001957109~~23135106 175,~~486~~011,677.00 1489,~~010,000~~900 SH OTHER (1),(2) ~~1,010,000~~Sole ~~AT&T~~Applied ~~Wireless~~Materials, ~~Group~~Inc. ~~Tracking Stock~~ COM ~~001957406~~38222105 ~~173~~217,500.00 105,000 SH OTHER (1),(2) ~~10,000~~Sole ~~Agilent~~Applied ~~technologies~~Micro Circuits COM ~~00846U101~~03822W109 13,~~369~~168,000.00 25192,000 SH OTHER (1),(2) ~~25,000~~Sole ~~America~~Ariba OnInc. ~~Line~~ COM ~~02364J104~~04033V104 2395,~~436~~312.50 7050,000 SH OTHER (1),(2) ~~70,000~~Sole ~~Apple~~Broadband ~~Computer~~Holders ~~COM~~Trust ~~037833100~~DEP 7RCPT 11130P104 1,~~958~~826,250.00 ~~535~~75,000 SH OTHER (1),(2) ~~535,000~~Sole ~~Best~~Broadband ~~Buy~~Holders ~~Co.~~Trust ~~COM~~DEP ~~086516101~~RCPT ~~665~~11130P104 2218,~~500~~000.00 SH600 CALL OTHER (1),(2) ~~22,500~~Sole ~~Circuit~~Broadcom ~~City~~Corp. ~~Group~~ COM ~~172737108~~111320107 ~~805~~6,586,310.00 70227,~~000~~900 SH OTHER (1),(2) ~~70,000~~Sole ~~Cisco~~Brocade ~~Corp~~Communications Sys. COM ~~17275R102~~111621108 15,~~626~~682,080.00 42272,~~500~~000 SH OTHER (1),(2) ~~42,500~~Sole ~~Citigroup~~Ciena Corp. COM ~~172967101~~171779101 15,~~277~~740,625.00 25137,~~000~~500 SH OTHER (1),(2) ~~25,000~~Sole ~~Commerce~~Cisco ~~One Inc~~Corp. COM ~~200693109~~172775R102 18,~~266~~ 744,312.50 553,000 SH OTHER (1),(2) ~~50,000~~Sole Compaq COM ~~204493100~~20449310 ~~903~~91,000.00 605,000 SH OTHER (1),(2) ~~60,000~~Sole Corning, Inc. COM 219350105 112,~~690~~827,800.00 32620,000 SH OTHER (1),(2) 32Sole Corning,~~000~~ ~~Dell~~Inc. ~~Computer~~ COM ~~247025109~~219350905 721,~~149~~250.00 ~~410,000~~950 SHCALL OTHER (1),(2) ~~410,000~~Sole ~~Doubleclick,~~Corvis ~~Inc~~Corp. COM ~~258609304~~221009103 23,~~952~~269,531.25 ~~268~~465,~~400~~000 SH OTHER (1),(2) ~~268,400~~Sole ~~Eastman~~Dell ~~Kodak~~Computer COM ~~277461109~~247025109 6128,~~064~~437.50 ~~154~~5,000 SH OTHER (1),(2) ~~154,000~~Sole ~~Ford~~EMC ~~Motor~~Corp. ~~Company~~ COM ~~345370860~~268648102 ~~703~~3,087,000.00 30105,000 SH OTHER (1),(2) ~~30,000~~Sole ~~Foundry~~I2 ~~Networks~~TECHNOLOGIES INC COM ~~35063R100~~465754109 ~~600~~5,824,650.00 40401,~~000~~700 SH OTHER (1),(2) ~~40,000~~Sole ~~Gateway~~Intel ~~2000~~Corp. COM ~~267626108~~458140100 1131,~~439~~562.50 805,000 SH OTHER (1),(2) ~~80,000~~Sole ~~General~~JDS ~~Motors~~Uniphase Corp. COM ~~370442105~~46612J101 129,~~480~~919,375.00 ~~245~~538,000 SH OTHER (1),(2) ~~245,000~~Sole ~~Global~~Juniper ~~Crossing~~Networks COM ~~44980k206~~48203R104 76,~~228~~453,200.00 ~~505~~170,000 SH OTHER (1),(2) ~~505,000~~Sole ~~Hewlitt~~Level ~~Packard~~3 Communications, Inc. COM ~~428236103~~52729N100 ~~631~~1,442,125.00 2083,000 SH OTHER (1),(2) ~~20,000~~Sole ~~Intel~~Lucent ~~Corp.~~Technologies COM ~~458140100~~549463107 42,~~660~~293,100.00 ~~155~~230,000 SH OTHER (1),(2) ~~155,000~~Sole ~~JDS~~Lucent ~~Uniphase~~Technologies ~~Corp.~~ COM ~~46612J101~~549463907 14,~~042~~375.00 ~~25,000~~350 SHCALL OTHER (1),(2) ~~25,000~~Sole ~~LSI~~ML ~~Logic~~B2B Internet Holders Trust COM ~~502161102~~56033103 ~~812~~588,000.00 47100,~~500~~000 SH OTHER (1),(2) 47Sole Medimmune,~~500~~ ~~Lucent~~Inc. ~~Technologies~~ COM ~~549463107~~584699102 1496,~~380~~862.50 12,~~065,200~~700 SH OTHER (1),(2) ~~1,065,200~~Sole ~~Microsoft~~Mirage ~~Corp~~Resorts, Inc. COM ~~594918104~~60462E108 11887,~~711~~500.00 ~~270~~25,000 SH OTHER (1),(2) ~~270,000~~Sole ~~Morgan~~Mirage ~~Stanley/Dean~~Resorts, ~~Witter~~Inc. COM ~~617446448~~60462E108 25,~~179~~250.00 ~~27,500~~150 SHCALL OTHER (1),(2) ~~27,500~~Sole ~~Motorola~~Nasdaq ~~COM~~100 ~~620076109~~Shares ~~354~~UNIT 17631100104 5,~~500~~543,640.00 141,600 SH OTHER (1),(2) ~~17,500~~Sole Nasdaq 100 Shares UNIT 631100104 4198,~~086~~600.00 704,~~000~~800 SHCALL OTHER (1),(2) ~~70,000~~Sole ~~Nasdaq~~Network ~~100~~Appliance, ~~Shares~~Inc. ~~UNIT~~COM ~~631100104~~64120L101 ~~238~~ 2,~~950~~911,925.00 ~~CALL~~173,200 SH OTHER (1),(2) ~~2,950~~Sole Nextel Communications COM 65332V103 2575,~~351~~000.00 9540,000 SH OTHER (1),(2) 95Sole Nokia Corp.-Spon ADR ADR 654902204 2,400,000.00 100,000 SH OTHER (1),(2) Sole Northern Telecom COM 293848107 86,~~176~~744,000.00 ~~255~~480,000 SH OTHER (1),(2) ~~255,000~~Sole ~~Procter~~Oracle ~~& Gamble Co.~~ COM ~~742718959~~68389X105 91,~~805~~947,400.00 ~~125~~130,000 SH OTHER (1),(2) ~~125~~Sole PMC-Sierra,~~000~~ ~~QWest~~Inc. ~~Communications~~ COM ~~749121109~~69344F106 12,~~435~~535,850.00 35102,~~000~~500 SH OTHER (1),(2) ~~35,000~~Sole ~~SCI~~Palm ~~Systems~~Inc. COM ~~783890106~~696642107 ~~659~~6,036,528.12 25718,~~000~~100 SH OTHER (1),(2) ~~25,000~~Sole ~~Sprint~~Qlogic Corp. COM ~~852061100~~747277101 4,~~418 217~~207,500.00 187,000 SH OTHER (1),(2) ~~217~~Sole Qualcomm,~~500~~ ~~Sprint PCS Corp~~Inc. COM ~~852061506~~747525103 2,~~798~~887,875.00 ~~136~~51,~~900~~000 SH OTHER (1),(2) ~~136~~Sole Semi Conductor COM N/A 37,~~900~~500.00 ~~Staples~~750 CALL OTHER (1),(2) Sole Siebel Systems, Inc. COM ~~855030102~~826170102 31,~~012~~931,200.00 ~~255~~71,000 SH OTHER (1),(2) ~~255,000~~Sole Sun Microsystems, Inc. COM 866810104 ~~976~~11,412,225.00 35742,~~000~~500 SH OTHER (1),(2) 35Sole Sun Microsystems,~~000~~ ~~Worldcom~~Inc. COM ~~98157D106~~866810904 14,~~063~~000.00 800 CALL OTHER (1),~~000~~(2) Sole Veritas Software Co. COM 923436109 510,~~000~~027.20 11,030 SH OTHER (1),(2) ~~1,000,000~~Sole Yahoo COM 984332106 712,~~816~~548,025.00 ~~260~~796,~~000~~700 SH OTHER (1),(2) ~~260~~Sole Yahoo COM 984332906 6,000.00 400 CALL OTHER (1),(2) Sole TOTAL $149,272,231.07

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