13F-HR 1 dec09-13f.txt 13F HOLDINGS REPORT 13F-HR 1 june09-13f.txt 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended December 31, 2009. This Amendment Report Check Here ( X ) Institutional Investment Manager Filing this Report: Name: Security Asset Management Address: 400 Madison Avenue, Suite 5C New York, NY 10017 SEC File #: 28-3662 Filing on behalf of Security Asset Mgmt, no other investment mgrs involved. Person Signing this Report on Behalf of Reporting Manager: Name: James D. Taliaferro Title: President Phone: 212-644-5422 Signature, Place and Date of Signing: James D. Taliaferro New York, New York February 11, 2010 Report Type 13F Holdings Report List of Other Managers Reporting for this Manager: 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: 137 Form 13F Information Table Value Total: $169,817 x1000 List of Other Included Managers: 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3m Co COM 88579y101 208 2520 SH SOLE 800 1720 364 4407 SH OTHER 4407 Abbott Labs COM 002824100 2333 43205 SH SOLE 30000 13205 259 4800 SH OTHER 4800 Adobe Systems COM 00724F101 287 7807 SH SOLE 7807 93 2528 SH OTHER 2528 Alcon Inc. COM H01301102 2284 13899 SH SOLE 12679 1220 80 485 SH OTHER 485 Allergan Inc. COM 018490102 1835 29115 SH SOLE 25236 3879 213 3382 SH OTHER 3382 Altria Group Inc COM 02209s103 895 45600 SH SOLE 13390 32210 163 8312 SH OTHER 8312 Amazon.Com COM 023135106 1873 13927 SH SOLE 11942 1985 192 1428 SH OTHER 1428 American Tower Corp COM 029912201 2087 48294 SH SOLE 43950 4344 209 4831 SH OTHER 4831 Amgen Inc COM 031162100 174 3068 SH SOLE 900 2168 31 542 SH OTHER 542 Apple Computer Inc COM 037833100 3256 15452 SH SOLE 11502 3950 320 1520 SH OTHER 1520 At&t Corp Com New COM 00206R102 1184 42226 SH SOLE 15410 26816 456 16276 SH OTHER 16276 AthenHealth Inc COM 04685w103 646 14275 SH SOLE 11900 2375 31 680 SH OTHER 680 Bard C R Inc COM 067383109 433 5558 SH SOLE 5558 14 180 SH OTHER 180 Baxter International COM 071813109 2008 34212 SH SOLE 24685 9527 112 1910 SH OTHER 1910 Becton, Dickinson COM 075887109 443 5620 SH SOLE 4255 1365 Berkshire Hathaway Class B COM 084670207 5783 1760 SH SOLE 14 1746 145 44 SH OTHER 44 Blackrock Inc. COM 09247x101 1294 5574 SH SOLE 4907 667 139 597 SH OTHER 597 Blackstone Group LP COM 09253u108 1288 98175 SH SOLE 60322 37853 113 8621 SH OTHER 8621 Bp Plc Spons Adr COM 055622104 7302 125968 SH SOLE 85736 40232 384 6623 SH OTHER 6623 Bristol Myers Squibb Co COM 110122108 928 36745 SH SOLE 13101 23644 106 4183 SH OTHER 4183 CME Group COM 12572q105 1383 4118 SH SOLE 3693 425 81 240 SH OTHER 240 Celgene Corporation COM 151020104 990 17782 SH SOLE 17036 746 46 825 SH OTHER 825 Chevron Texaco Corp COM 166764100 159 2068 SH SOLE 912 1156 316 4106 SH OTHER 4106 Cisco Systems Inc COM 17275R102 9590 400601 SH SOLE 225599 175002 341 14225 SH OTHER 14225 Coca Cola Co COM 191216100 397 6966 SH SOLE 6166 800 Covidien PLC F COM G2554F105 1777 37096 SH SOLE 28698 8398 154 3211 SH OTHER 3211 Danaher Corp COM 235851102 1872 24892 SH SOLE 22703 2189 149 1985 SH OTHER 1985 Dow Chemical COM 260543103 1468 53142 SH SOLE 29920 23222 153 5522 SH OTHER 5522 Eli Lilly & Co COM 532457108 590 16520 SH SOLE 3314 13206 Emerson Electric Co COM 291011104 7346 172444 SH SOLE 158140 14304 343 8047 SH OTHER 8047 Everest Reinsurance Group Ltd COM G3223R108 609 7108 SH SOLE 7108 Express Scripts Inc. COM 302182100 433 5010 SH SOLE 4850 160 95 1100 SH OTHER 1100 Exxon Mobil Corp COM 30231g102 1861 27288 SH SOLE 25468 1820 1762 25845 SH OTHER 25845 Flowserve Corporation COM 34354p105 856 9051 SH SOLE 9051 26 276 SH OTHER 276 Fluor Corp COM 343412102 2042 45338 SH SOLE 36775 8563 Freeport Mcmoran Copper & Gold COM 35671D857 642 7999 SH SOLE 7999 General Mills COM 370334104 233 3292 SH SOLE 3292 251 3550 SH OTHER 3550 Genl Electric Co COM 369604103 3220 212838 SH SOLE 96140 116698 599 39574 SH OTHER 39574 Goldman Sachs Group Inc COM 38141g104 1159 6866 SH SOLE 4614 2252 Google Inc. COM 38259p508 3107 5011 SH SOLE 3665 1346 301 486 SH OTHER 486 Halliburton Co COM 406216101 784 26066 SH SOLE 9029 17037 180 5995 SH OTHER 5995 Hewlett Packard Co COM 428236103 1430 27766 SH SOLE 17281 10485 Home Depot Inc COM 437076102 4948 171049 SH SOLE 154783 16266 156 5407 SH OTHER 5407 Intel Corp COM 458140100 4872 238827 SH SOLE 209361 29466 356 17459 SH OTHER 17459 International Game Technology COM 459902102 516 27483 SH SOLE 27483 Intl Business Mach COM 459200101 1034 7901 SH SOLE 7466 435 79 600 SH OTHER 600 JP Morgan Chase COM 46625H100 7353 176453 SH SOLE 156251 20202 1218 29237 SH OTHER 29237 Johnson & Johnson Com COM 478160104 5785 89819 SH SOLE 78369 11450 461 7165 SH OTHER 7165 Laboratory Corp Amerhldgs COM 50540R409 787 10520 SH SOLE 8775 1745 94 1251 SH OTHER 1251 Lazard Ltd COM g54050102 1918 50526 SH SOLE 35824 14702 78 2063 SH OTHER 2063 Lowe's Cos COM 548661107 485 20752 SH SOLE 20752 Mastercard Inc. COM 57636q104 2990 11682 SH SOLE 8944 2738 265 1035 SH OTHER 1035 McDermott Intl Inc COM 580037109 592 24645 SH SOLE 24645 Medtronic Inc COM 585055106 4187 95207 SH SOLE 94226 981 52 1180 SH OTHER 1180 Merck & Co. New COM 58933Y105 410 11220 SH SOLE 4470 6750 182 4981 SH OTHER 4981 Microsoft Corp Com COM 594918104 6847 224646 SH SOLE 201525 23121 381 12498 SH OTHER 12498 Monsanto Co New COM 61166w101 1331 16283 SH SOLE 13545 2738 201 2455 SH OTHER 2455 Morgan Stanley COM 617446448 709 23946 SH SOLE 4808 19138 192 6482 SH OTHER 6482 Mosaic Co COM 61945A107 425 7109 SH SOLE 7109 Novartis Ag Spon Adr COM 66987v109 249 4570 SH SOLE 3280 1290 38 700 SH OTHER 700 Pfizer Inc COM 717081103 370 20333 SH SOLE 12059 8274 408 22420 SH OTHER 22420 Philip Morris International COM 718172109 1192 24738 SH SOLE 7137 17601 377 7830 SH OTHER 7830 Price T Rowe Group Inc. COM 74144t108 1804 33886 SH SOLE 30729 3157 128 2405 SH OTHER 2405 Procter & Gamble Co COM 742718109 673 11104 SH SOLE 9242 1862 694 11449 SH OTHER 11449 Qualcomm Incorporated COM 747525103 5016 108425 SH SOLE 45977 62448 262 5667 SH OTHER 5667 Research In Motion COM 760975102 3185 47161 SH SOLE 17673 29488 160 2373 SH OTHER 2373 Royal Dutch Shell Class A COM 780259206 5565 92576 SH SOLE 67220 25356 1955 32521 SH OTHER 32521 Schlumberger Ltd Netherlands A COM 806857108 5992 92054 SH SOLE 55160 36894 Schwab Charles Cp New Com COM 808513105 711 37791 SH SOLE 31820 5971 70 3710 SH OTHER 3710 Sigma Aldrich Corp COM 826552101 202 4000 SH OTHER 4000 Stryker Corp COM 863667101 1543 30630 SH SOLE 28016 2614 198 3927 SH OTHER 3927 Target Corp COM 87612E106 236 4880 SH SOLE 4880 507 10472 SH OTHER 10472 Transocean Ltd COM h8817h100 739 8926 SH SOLE 8437 489 United Technologies Corp COM 913017109 215 3100 SH OTHER 3100 Verizon Communications COM 92343v104 919 27741 SH SOLE 10444 17297 337 10178 SH OTHER 10178 Wells Fargo & Co New COM 949746101 192 7104 SH SOLE 5584 1520 195 7215 SH OTHER 7215 Alliance Mid Cap Growth Fd Inc 018636100 68 15588.7650SH SOLE 15588.7650