13F-HR 1 b319657_13fhr.txt 13F HOLDING REPORT FORM 13 F COVER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2002 Check here if Amendment: [ ]; Amendment Number: ____________ This Amendment (Check only one): [ ] is a restatement. [ ] adds new holding entries. Institutional Investment Manager Filing this Report: Name: Forstmann-Leff Associates, LLC Address: 590 Madison Avenue New York, New York 10022-2524 Form 13F File Number: 28-1253 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: Joseph W. Sullivan Title: Chief Operating Officer Phone: (212) 407-9423 Signature, Place, and Date of Signing: /s/ Joseph W. Sullivan New York, NY August 6, 2002 ---------------------- ----------------- ---------------- [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 manger(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 3 Form 13F Information Table Entry Total: 303 Form 13F Information Table Value Total: $ 2,878,906 ------------ (thousands) List of Other Included Managers: Name and 13F file numbers of ALL Institutional Investment Managers with respect to which this report is filed (other than the one filing this report). 13F File No: Name: ------------ ---- 1. 28-720 FLA Asset Management, LLC 2. 28-1984 Peconic Partners LLC (f/k/a Stamford Advisers LLC) 3. 28-5790 Forstmann-Leff Associates, L.P. 4. 28-6618 FLA Advisers L.L.C. 5. 28-6824 Forstmann-Leff International, LLC 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 DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3COM Corp. common 885535104 1341 304800 SH SOLE 304800 3274 744100 SH OTHER 01 04 236900 507200 AMR Corp. common 001765106 2945 174700 SH SOLE 174700 10630 630500 SH OTHER 01 04 338300 292200 AOL Time Warner Inc. common 00184A105 10172 691536 SH SOLE 403636 287900 11422 776487 SH OTHER 01 04 290337 486150 AVX Corp common 002444107 6896 422294 SH SOLE 373879 48415 5906 361650 SH OTHER 01 05 212700 148950 Abercrombie & Fitch Co. common 002896207 6116 253584 SH SOLE 180698 72886 5218 216325 SH OTHER 01 05 210425 5900 Adaptec, Inc. common 00651F108 5520 699589 SH SOLE 538005 161584 4967 629550 SH OTHER 01 05 329150 300400 Affiliated Computer Services common 008190100 7968 167809 SH SOLE 127408 40401 6023 126850 SH OTHER 01 05 125050 1800 Agco Corp. common 001084102 68782 3527279 SH SOLE 2685418 841861 111851 5735950 SH OTHER 01 04 05 4573500 1162450 Allegheny Energy Inc. common 017361106 1030 40000 SH SOLE 40000 Alliance Gaming Corp common 01859P609 499 40000 SH SOLE 40000 American Electric Power Co., I common 025537101 2001 50000 SH SOLE 50000 American Express Co. common 025816109 16094 443125 SH SOLE 277275 165850 18779 517050 SH OTHER 01 151400 365650 Ametek, Inc. common 031100100 674 18100 SH OTHER 01 18100 AnnTaylor Stores Corp common 036115103 4395 173094 SH SOLE 146486 26608 4262 167850 SH OTHER 01 05 68750 99100 Apollo Group Inc. common 037604105 10364 262909 SH SOLE 195630 67279 8168 207211 SH OTHER 01 05 204811 2400 Associated Banc-Corp common 045487105 1320 35000 SH SOLE 35000 Avon Products Inc. common 054303102 1771 33900 SH SOLE 33900 2931 56100 SH OTHER 01 56100 Bank Of America Corp. common 060505104 19456 276525 SH SOLE 170575 105950 21252 302050 SH OTHER 01 04 112100 189950 Bank One Corp common 06423A103 2270 59000 SH SOLE 8000 51000 1458 37900 SH OTHER 01 33600 4300 Barr Labs Inc common 068306109 692 10900 SH OTHER 01 10900 Barrick Gold Corp common 067901108 5602 295023 SH SOLE 208851 86172 6755 355700 SH OTHER 01 04 05 223500 132200 Baxter International Inc. common 071813109 14411 324200 SH SOLE 195700 128500 16540 372100 SH OTHER 01 04 138300 233800 Beckman Coulter Inc. common 075811109 11485 230169 SH SOLE 158790 71379 8817 176700 SH OTHER 01 04 05 172900 3800 Best Buy Co. Inc. common 086516101 36796 1013660 SH SOLE 732735 280925 32742 901983 SH OTHER 01 04 05 456483 445500 Beverly Enterprises common 087851309 3887 510747 SH SOLE 356728 154019 2412 317000 SH OTHER 01 05 313900 3100 Biovail Corp common 09067J109 1370 47300 SH SOLE 31600 15700 107 3700 SH OTHER 01 3700 Bisys Group, Inc common 055472104 1379 41400 SH OTHER 01 41400 Boeing Co. common 097023105 6025 133900 SH SOLE 91400 42500 11718 260400 SH OTHER 01 04 145600 114800 Boise Cascade Corp. common 097383103 22254 644494 SH SOLE 523905 120589 18559 537475 SH OTHER 01 05 240825 296650 Brocade Communications Systems common 111621108 24611 1407972 SH SOLE 1043574 364398 31214 1785675 SH OTHER 01 04 05 1208375 577300 Burlington Northern Santa Fe common 12189T104 8636 287851 SH SOLE 239212 48639 14782 492750 SH OTHER 01 05 139350 353400 C.H. Robinson Worldwide Inc common 12541W100 1351 40300 SH OTHER 01 40300 CMS Energy Corp. common 125896100 110 10000 SH SOLE 10000 CVS Corp. common 126650100 1307 42700 SH SOLE 42700 2182 71300 SH OTHER 01 71300 CYTYC Corporation common 232946103 76 10000 SH SOLE 10000 Certegy Inc. common 156880106 1210 32600 SH OTHER 01 32600 Charter One Financial Inc. common 160903100 28386 825647 SH SOLE 559387 266260 22254 647300 SH OTHER 01 04 05 453350 193950

ChevronTexaco Corp. common 166764100 13222 149400 SH SOLE 79500 69900 14310 161700 SH OTHER 01 47800 113900 China Enterprises Ltd. common G2109M100 1583 1439495 SH OTHER 04 1439495 Choicepoint Inc common 170388102 668 14700 SH OTHER 01 14700 Church & Dwight, Inc. common 171340102 1259 40200 SH OTHER 01 40200 Cisco Systems Inc. common 17275R102 18215 1305700 SH SOLE 789000 516700 20276 1453500 SH OTHER 01 452400 1001100 Citigroup Inc. common 172967101 18293 472075 SH SOLE 277375 194700 20939 540350 SH OTHER 01 174700 365650 City National Corp. common 178566105 11696 217598 SH SOLE 196309 21289 10550 196275 SH OTHER 01 05 81475 114800 Clear Channel Communications common 184502102 925 28900 SH SOLE 4000 24900 599 18700 SH OTHER 01 16600 2100 Coca-Cola Co. common 191216100 5494 98100 SH SOLE 56300 41800 5443 97200 SH OTHER 01 39200 58000 Cognex Corp. common 192422103 1533 76464 SH SOLE 62985 13479 1079 53800 SH OTHER 01 05 52400 1400 Comerica, Inc. common 200340107 17105 278588 SH SOLE 152250 126338 11161 181775 SH OTHER 01 05 172425 9350 Commerce Bancorp, Inc./NJ common 200519106 1357 30700 SH OTHER 01 30700 Community Health Systems common 203668108 13788 514483 SH SOLE 387928 126555 6342 236650 SH OTHER 01 05 231525 5125 Compass Bancshares Inc. common 20449H109 5058 150524 SH SOLE 111802 38722 2404 71550 SH OTHER 01 05 69700 1850 ConAgra, Inc. common 205887102 1645 59500 SH SOLE 59500 2765 100000 SH OTHER 01 100000 Concord EFS Inc. common 206197105 52332 1736294 SH SOLE 1251128 485166 47633 1580375 SH OTHER 01 04 05 835825 744550 Conexant Systems, Inc. common 207142100 1766 1090239 SH SOLE 897604 192635 836 516250 SH OTHER 01 05 508450 7800 Consolidated Edison of NY common 209115104 1461 35000 SH SOLE 35000 Cytec Industries Inc. common 232820100 450 14300 SH SOLE 14300 Delta Air Lines, Inc. common 247361108 6568 328400 SH OTHER 04 328400 Digene Corp common 253752109 235 20000 SH SOLE 20000 Dollar Tree Stores, Inc. common 256747106 1450 36800 SH OTHER 01 36800 Dominion Resources, Inc. common 25746U109 3701 55900 SH SOLE 55900 6163 93100 SH OTHER 01 93100 Dreyer's Grand Ice Cream, Inc. common 261878102 693 10100 SH OTHER 01 10100 Du Pont E.I. de Nemours common 263534109 386 8700 SH SOLE 8700 Duke Energy Corp. common 264399106 1477 47500 SH SOLE 47500 2457 79000 SH OTHER 01 79000 EBay Inc. common 278642103 46946 761870 SH SOLE 537519 224351 114582 1859500 SH OTHER 01 04 05 1544300 315200 Echostar Communications common 278762109 2267 122150 SH SOLE 26150 96000 4702 253350 SH OTHER 04 01 253350 Electronic Arts, Inc. common 285512109 1446 21900 SH OTHER 01 21900 Emulex Corp. common 292475209 1383 61400 SH SOLE 61400 2356 104600 SH OTHER 01 104600 Equitable Resources Inc common 294549100 676 19700 SH OTHER 01 19700 Exelon Corp common 30161n101 1789 34200 SH SOLE 34200 2971 56800 SH OTHER 01 56800 FPL Group, Inc. common 302571104 1776 29600 SH SOLE 29600 2964 49400 SH OTHER 01 49400 Fairchild Semicon Intl common 303726103 18313 753606 SH SOLE 509339 244267 15483 637175 SH OTHER 01 05 376375 260800 Federal Signal Corp. common 313855108 665 27700 SH OTHER 01 27700 Ferro Corp. common 315405100 1402 46500 SH OTHER 01 46500 FileNET common 316869106 10039 692378 SH SOLE 512292 180086 6359 438525 SH OTHER 01 05 432525 6000 First Health Group Corp. common 320960107 1326 47300 SH OTHER 01 47300 First Tennessee National Corp. common 337162101 3284 85742 SH SOLE 70400 15342 2332 60900 SH OTHER 01 05 59300 1600 Flowserve Corp. common 34354P105 665 22300 SH OTHER 01 22300 Forest Oil Corp. common 346091705 3001 105550 SH SOLE 105550 4205 147900 SH OTHER 01 147900 GTECH Holdings Corp. common 400518106 638 25000 SH OTHER 01 25000 General Motors CL H common 370442832 23361 2246287 SH SOLE 1682210 564077 36963 3554148 SH OTHER 01 04 05 2416385 1137763

Georgia-Pacific Corp. common 373298108 8944 363857 SH SOLE 228954 134903 7722 314150 SH OTHER 01 04 05 296600 17550 GlobalSantaFe Corp common G3930E101 820 30000 SH SOLE 30000 Globespan Virata Inc common 37957V106 10958 2831442 SH SOLE 2125948 705494 14469 3738684 SH OTHER 01 04 05 2757745 980939 Great Plains Energy Inc common 391164100 1396 68583 SH SOLE 58435 10148 979 48100 SH OTHER 01 05 46850 1250 Greater Bay Bancorp common 391648102 1412 45900 SH OTHER 01 45900 Greenpoint Financial Corp. common 395384100 4737 96480 SH SOLE 84433 12047 2303 46900 SH OTHER 01 05 45700 1200 Halliburton Co. common 406216101 15062 944938 SH SOLE 670587 274351 30139 1890800 SH OTHER 01 04 05 1199100 691700 Harman International common 413086109 4544 92268 SH SOLE 77619 14649 4758 96600 SH OTHER 01 05 42500 54100 Hawaiian Electric Industries common 419870100 3741 87923 SH SOLE 73473 14450 2491 58550 SH OTHER 01 05 56850 1700 Health Net Inc common 42222g108 11596 433158 SH SOLE 333546 99612 6883 257100 SH OTHER 01 04 05 242700 14400 Healthsouth Corp. common 421924101 13370 1045343 SH SOLE 865964 179379 12359 966300 SH OTHER 01 04 05 516100 450200 Hispanic Broadcasting Corp common 43357B104 4617 176909 SH SOLE 134763 42146 3825 146550 SH OTHER 01 05 144650 1900 Home Depot, Inc. common 437076102 4442 120950 SH SOLE 120950 6577 179050 SH OTHER 01 38350 140700 Humana Inc. common 444859102 18905 1209533 SH SOLE 998675 210858 15449 988400 SH OTHER 01 04 05 514100 474300 Huntington BancShares Inc. common 446150104 9275 477624 SH SOLE 387568 90056 4328 222850 SH OTHER 01 05 219150 3700 Inco Ltd. common 453258402 4987 220285 SH SOLE 104193 116092 3782 167050 SH OTHER 01 04 05 164650 2400 International Paper Co. common 460146103 6103 140050 SH SOLE 93750 46300 7232 165950 SH OTHER 01 46800 119150 Intuit Inc. common 461202103 20692 416175 SH SOLE 270575 145600 19100 384150 SH OTHER 01 04 192950 191200 JM Smucker Co (New) common 832696405 1396 40900 SH OTHER 01 40900 Jacobs Engineering Group Inc. common 469814107 1283 36900 SH OTHER 01 36900 Johnson & Johnson common 478160104 20175 386050 SH SOLE 238100 147950 22683 434050 SH OTHER 01 04 147300 286750 Joy Global Inc common 481165108 946 54529 SH SOLE 54529 Kimberly Clark Corp. common 494368103 1383 22300 SH SOLE 22300 2337 37700 SH OTHER 01 37700 King Pharmaceuticals common 495582108 2683 120600 SH SOLE 80200 40400 1451 65200 SH OTHER 01 65200 Lifepoint Hospitals common 53219L109 18531 510348 SH SOLE 313157 197191 11829 325775 SH OTHER 04 01 05 320975 4800 Lincare Holdings, Inc. common 532791100 730 22600 SH OTHER 01 22600 M & T Bk Corp common 55261F104 4625 53932 SH SOLE 44200 9732 3272 38150 SH OTHER 01 05 37200 950 Marshall & Ilsley Corp. common 571834100 13447 434770 SH SOLE 339605 95165 8990 290650 SH OTHER 01 05 284450 6200 Matritech, Inc. common 576818108 911 357175 SH SOLE 357175 Maverick Tube Corp common 577914104 900 60000 SH SOLE 60000 McCormick & Co. Inc. (Non-Voti common 579780206 6050 234954 SH SOLE 205713 29241 6029 234150 SH OTHER 04 01 05 231150 3000 McDonald's Corp. common 580135101 14017 492700 SH SOLE 328600 164100 16746 588600 SH OTHER 01 04 173200 415400 Merrill Lynch & Co. common 590188108 328 8100 SH SOLE 8100 Michaels Stores Inc common 594087108 643 16500 SH OTHER 01 16500 Microchip Technology Inc. common 595017104 1344 49000 SH OTHER 01 49000 Microsoft Corp. common 594918104 18190 332550 SH SOLE 186150 146400 19388 354450 SH OTHER 01 141700 212750 Mohawk Industries Inc. common 608190104 1274 20700 SH OTHER 01 20700 NQL Drilling Tools Inc. (Class common 62936W108 306 50000 SH SOLE 50000 NSTAR common 67019E107 2042 45606 SH SOLE 37926 7680 1430 31925 SH OTHER 01 05 31075 850 National Commerce Financial Co common 63545P104 3052 116061 SH SOLE 95614 20447 2175 82700 SH OTHER 01 05 80600 2100

National Semiconductor Corp. common 637640103 17364 595264 SH SOLE 441870 153394 15359 526525 SH OTHER 01 05 312375 214150 Network Associates Inc. common 640938106 696 36100 SH OTHER 01 36100 Newmont Mining Corp. common 651639106 5439 206574 SH SOLE 144078 62496 5526 209875 SH OTHER 01 04 05 109775 100100 Norfolk Southern Corp. common 655844108 11486 491294 SH SOLE 341314 149980 21393 915000 SH OTHER 01 04 05 680700 234300 North Fork Bancorporation common 659424105 9423 236702 SH SOLE 226020 10682 7674 192775 SH OTHER 01 05 189075 3700 Ocean Energy Inc. common 67481E106 3894 179700 SH SOLE 164900 14800 7132 329100 SH OTHER 01 16550 312550 Oxford Health Plans Inc common 691471106 650 14000 SH OTHER 01 14000 P.F. Changs China Bistro Inc common 69333Y108 5971 190025 SH SOLE 136028 53997 4239 134900 SH OTHER 01 05 133100 1800 Palm Inc common 696642107 7491 4256029 SH SOLE 3205858 1050171 5603 3183550 SH OTHER 01 04 05 2123750 1059800 Papa Johns International Inc. common 698813102 2060 61700 SH OTHER 01 61700 Patterson Dental Co. common 703412106 1334 26500 SH OTHER 01 26500 Peabody Energy Corp common 704549104 9773 345351 SH SOLE 268271 77080 6192 218800 SH OTHER 01 05 215550 3250 Penn Virginia Resource Partn common 707884102 607 30000 SH SOLE 30000 Pepsi America Inc common 71343P200 571 38250 SH SOLE 25300 12950 815 54550 SH OTHER 04 01 54550 Pepsico, Inc. common 713448108 15848 328800 SH SOLE 220000 108800 20085 416700 SH OTHER 01 04 125100 291600 Pfizer Inc. common 717081103 26736 763875 SH SOLE 734175 29700 58672 1676350 SH OTHER 01 04 836700 839650 Potash Corp Of Saskatchewan common 73755l107 5784 86721 SH SOLE 81652 5069 3892 58350 SH OTHER 01 05 19300 39050 Pride International, Inc. common 74153Q102 822 52500 SH SOLE 52500 305 19500 SH OTHER 05 19500 Procter & Gamble Co. common 742718109 13828 154850 SH SOLE 103350 51500 27178 304350 SH OTHER 01 04 173700 130650 Protein Design Labs common 74369L103 1287 118550 SH SOLE 79750 38800 833 76700 SH OTHER 01 76700 QLogic Corporation common 747277101 1486 39000 SH SOLE 39000 2476 65000 SH OTHER 01 65000 Quest Diagnostics Inc common 74834L100 654 7600 SH OTHER 01 7600 Raytheon Co New common 755111507 31569 774702 SH SOLE 625188 149514 26376 647275 SH OTHER 01 04 05 440100 207175 Retek Inc common 76128q109 27209 1119716 SH SOLE 818947 300769 22783 937575 SH OTHER 01 04 05 598425 339150 Roslyn Bancorp Inc common 778162107 1329 60900 SH OTHER 01 60900 Ross Stores Inc. common 778296103 652 16000 SH OTHER 01 16000 SBA Communications Corp common 78388j106 423 300000 SH SOLE 300000 Schein Henry Inc. common 806407102 1268 28500 SH OTHER 01 28500 Silicon Valley Bancshares common 827064106 10623 402994 SH SOLE 329412 73582 5326 202050 SH OTHER 01 05 198350 3700 Skyworks Solutions Inc common 83088M102 2118 381622 SH SOLE 314121 67501 1005 181118 SH OTHER 01 05 178381 2737 Smurfit-Stone Container Corp. common 832727101 58962 3823734 SH SOLE 2797230 1026504 81557 5289013 SH OTHER 01 04 05 3302148 1986865 Sonoco Products Co. common 835495102 714 25200 SH OTHER 01 25200 Southern Co. common 842587107 1811 66100 SH SOLE 66100 3030 110600 SH OTHER 01 110600 Staples Inc. common 855030102 6799 345109 SH SOLE 280001 65108 15601 791950 SH OTHER 01 04 05 569650 222300 Steris Corp. common 859152100 1364 71400 SH OTHER 01 71400 Supervalu, Inc. common 868536103 1217 49600 SH SOLE 49600 2021 82400 SH OTHER 01 82400 Symbol Technologies, Inc. common 871508107 3504 412223 SH SOLE 321782 90441 3288 386767 SH OTHER 01 05 194448 192319 Synopsys Inc. common 871607107 1403 25600 SH OTHER 01 25600 Synovus Financial Corp. common 87161C105 2458 89306 SH SOLE 77569 11737 1357 49300 SH OTHER 01 05 48000 1300 Target Corp. common 87612E106 9989 262190 SH SOLE 117550 144640 7115 186750 SH OTHER 01 141650 45100 Tenet Healthcare Corp. common 88033G100 5087 71100 SH SOLE 28300 42800 4372 61100 SH OTHER 01 04 16500 44600

Terayon Communication Systems, common 880775101 63 47200 SH OTHER 05 47200 Tibco Software Inc. common 88632Q103 6599 1186921 SH SOLE 1050477 136444 12709 2285725 SH OTHER 01 04 05 1690825 594900 Timberland Co Cl A common 887100105 663 18500 SH OTHER 01 18500 Titan Corp common 888266103 1941 106100 SH OTHER 01 106100 Transocean Inc. common G90078109 22065 708336 SH SOLE 439357 268979 38547 1237475 SH OTHER 01 04 05 829925 407550 Tyson Foods Inc. common 902494103 1585 102200 SH SOLE 102200 2984 192400 SH OTHER 01 04 20000 172400 US Bancorp common 902973304 8985 384800 SH SOLE 182900 201900 9459 405100 SH OTHER 01 138500 266600 Unit Corp. common 909218109 45778 2638496 SH SOLE 2184540 453956 35577 2050550 SH OTHER 01 05 1635750 414800 United Parcel Service (Class B common 911312106 20419 330675 SH SOLE 197475 133200 19723 319400 SH OTHER 01 143375 176025 Unitedhealth Group Inc. common 91324P102 6308 68900 SH SOLE 18900 50000 2847 31100 SH OTHER 01 31100 Universal Health Services Inc. common 913903100 6963 142100 SH SOLE 105400 36700 5365 109500 SH OTHER 04 01 109500 Valassis Communications Inc. common 918866104 657 18000 SH OTHER 01 18000 Vishay Intertechnology common 928298108 2553 116041 SH SOLE 95653 20388 1773 80600 SH OTHER 01 05 78400 2200 Wachovia Corp. 2nd New common 929903102 3058 80100 SH SOLE 11100 69000 1978 51800 SH OTHER 01 46100 5700 Wells Fargo Co. common 949746101 13362 266925 SH SOLE 165275 101650 13792 275500 SH OTHER 01 85400 190100 Wendy's International, Inc. common 950590109 13096 328803 SH SOLE 269772 59031 8327 209075 SH OTHER 01 05 04 204175 4900 Westamerica Bancorporation common 957090103 1305 33300 SH OTHER 01 33300 Westar Energy, Inc. common 95709T100 831 54150 SH SOLE 42619 11531 682 44400 SH OTHER 01 05 43250 1150 Weyerhaeuser Co. common 962166104 12652 198158 SH SOLE 140024 58134 13051 204395 SH OTHER 01 04 05 104945 99450 Williams Sonoma Inc. common 969904101 714 23300 SH OTHER 01 23300 Wyeth common 983024100 77 1500 SH SOLE 1500 282 5500 SH OTHER 01 3000 2500

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