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, 2003 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: Central Securities Corporation Address: 375 Park Avenue New York, New York 10152 13F File Number: 28-6578 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: Marlene A. Krumholz Title: Secretary Phone: 212-688-3011 Signature, Place, and Date of Signing: /s/ Marlene A. Krumholz New York, New York February 6, 2004 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. 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: 0 Form 13F Information Table Entry Total: 39 Form 13F Information Table Value Total: 384,433 List of Other Included Managers: None FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ==================================================================================================================================== ACCENTURE LTD COMMON G115OG 11 1 7370 280000 SH SOLE 280000 0 0 AFFYMETRIX, INC. COMMON 00826T 10 8 2461 100000 SH SOLE 100000 0 0 AMERICAN INTERNATIONAL GROUP, INC. COMMON 026874 10 7 9942 150000 SH SOLE 150000 0 0 AMERICAN MGMT SYSTEMS INC. COMMON 027352 10 3 24430 1620000 SH SOLE 1620000 0 0 ANALOG DEVICES, INC. COMMON 032654 10 5 20999 460000 SH SOLE 460000 0 0 APPLE COMPUTER INC. COMMON 037833 10 0 2137 100000 SH SOLE 100000 0 0 ARCH CAPITAL GROUP LTD. COMMON G0450A 10 5 3986 100000 SH SOLE 100000 0 0 ARVINMERITOR, INC. COMMON 043353 10 1 16884 700000 SH SOLE 700000 0 0 BANK OF NEW YORK CO., INC. COMMON 064057 10 2 18547 560000 SH SOLE 560000 0 0 BRADY CORPORATION CLASS A 104674 10 6 20986 515000 SH SOLE 515000 0 0 CAPITAL ONE FINANCIAL CORP. COMMON 14040H 10 5 26355 430000 SH SOLE 430000 0 0 CARMAX, INC. COMMON 143130 10 2 3093 100000 SH SOLE 100000 0 0 CINCINNATI BELL INC. COMMON 171871 10 6 5050 1000000 SH SOLE 1000000 0 0 CONVERGYS CORPORATION COMMON 212485 10 6 17460 1000000 SH SOLE 1000000 0 0 DOVER CORPORATION COMMON 260003 10 8 6757 170000 SH SOLE 170000 0 0 ENCANA CORP. COMMON 292505 10 4 6310 160000 SH SOLE 160000 0 0 ERIE INDEMNITY COMPANY CLASS A 29530P 10 2 424 10000 SH SOLE 10000 0 0 FLEETBOSTON FINANCIAL CORP. COMMON 339030 10 8 4365 100000 SH SOLE 100000 0 0 FLEXTRONICS INT'L. LTD. COMMON Y2573F 10 2 17908 1210000 SH SOLE 1210000 0 0 IMPATH, INC. COMMON 45255G 10 1 1911 490000 SH SOLE 490000 0 0 INGRAM MICRO INC. CLASS A 457153 10 4 2862 180000 SH SOLE 180000 0 0 INTEL CORPORATION COMMON 458140 10 0 31409 980000 SH SOLE 980000 0 0 KERR-MCGEE CORPORATION COMMON 492386 10 7 10228 220000 SH SOLE 220000 0 0 LABORATORY CORPORATION OF AMERICA HOLDINGS COMMON 50540R 40 9 4065 110000 SH SOLE 110000 0 0 MARSH & MCLENNAN COMPANIES, INC. COMMON 571748 10 2 4789 100000 SH SOLE 100000 0 0 MERCK & CO., INC. COMMON 589331 10 7 4620 100000 SH SOLE 100000 0 0 MOTOROLA, INC. COMMON 620076 10 9 4620 330000 SH SOLE 330000 0 0 MURPHY OIL CORPORATION COMMON 626717 10 2 19593 300000 SH SOLE 300000 0 0 POLYONE CORPORATION COMMON 73179P 10 6 8770 1372400 SH SOLE 1372400 0 0 ROHM AND HAAS COMPANY COMMON 775371 10 7 8542 200000 SH SOLE 200000 0 0 ROPER INDUSTRIES, INC. COMMON 776696 10 6 6143 124700 SH SOLE 124700 0 0 SCHERING-PLOUGH CORP. COMMON 806605 10 1 7825 450000 SH SOLE 450000 0 0 SOLECTRON CORPORATION COMMON 834182 10 7 4728 800000 SH SOLE 800000 0 0 SUNGARD DATA SYSTEMS INC. COMMON 867363 10 3 16349 590000 SH SOLE 590000 0 0 TRANSPORT CORP OF AMERICA COMMON 89385P 10 2 3870 533757 SH SOLE 533757 0 0 THE TRIZETTO GROUP, INC. COMMON 896882 10 7 6450 1000000 SH SOLE 1000000 0 0 UNISYS CORPORATION COMMON 909214 10 8 17077 1150000 SH SOLE 1150000 0 0 VICAL INCORPORATED COMMON 925602 10 4 738 150000 SH SOLE 150000 0 0 WIND RIVER SYSTEMS, INC. COMMON 973149 10 7 4380 500000 SH SOLE 500000 0 0