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                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549


                                  SCHEDULE 13G
                              (Section 240.13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
        TO SECTIONS 240.13d-1(b), (c) and(d) AND AMENDMENTS THERETO FILED
                          PURSUANT TO SECTION 240.13d-2
                          (Amendment No. ___________)1


                           SpectraSite Holdings, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                         Common Stock, $0.001 Par Value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    84760T100
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                December 24, 2002
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


     Check the  appropriate  box to  designate  the rule  pursuant to which this
Schedule is filed:

     |_| Rule 13d-1(b)
     |X| Rule 13d-1(c)
     |_| Rule 13d-1(d)


--------

     1 The  remainder  of this cover  page  shall be filled out for a  reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

     The  information  required in the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 ("Act")or  otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).


                               Page 1 of 10 Pages





                                       13G

===================
CUSIP No. 84760T100
===================

------------====================================================================
    1       NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            OZ Management, L.L.C.
------------====================================================================
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                       (a) [   ]
                                                                       (b) [ X ]

------------====================================================================
    3       SEC USE ONLY

------------====================================================================
    4       CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware
-------------------------------------===========================================
      NUMBER OF              5       SOLE VOTING POWER

       SHARES                        -0-
                          -----------===========================================
    BENEFICIALLY             6       SHARED VOTING POWER

      OWNED BY                       8,240,000
                          -----------===========================================
        EACH                 7       SOLE DISPOSITIVE POWER

      REPORTING                      -0-
                          -----------===========================================
     PERSON WITH             8       SHARED DISPOSITIVE POWER

                                     8,240,000
-------------------------------------===========================================
    9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            8,240,000
------------====================================================================
    10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
            CERTAIN SHARES (See Instructions)
                                                                           [   ]

------------====================================================================
    11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            5.4 %
------------====================================================================
    12      TYPE OF REPORTING PERSON (See Instructions)

            OO/IA
------------====================================================================


                               Page 2 of 10 Pages




                                       13G

===================
CUSIP No. 84760T100
===================

------------====================================================================
    1       NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            OZF Management, L.P.
------------====================================================================
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                       (a) [   ]
                                                                       (b) [ X ]

------------====================================================================
    3       SEC USE ONLY

------------====================================================================
    4       CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware
-------------------------------------===========================================
      NUMBER OF              5       SOLE VOTING POWER

        SHARES                       -0-
                          -----------===========================================
     BENEFICIALLY            6       SHARED VOTING POWER

       OWNED BY                      5,760,000
                          -----------===========================================
         EACH                7       SOLE DISPOSITIVE POWER

      REPORTING                      -0-
                          -----------===========================================
     PERSON WITH             8       SHARED DISPOSITIVE POWER

                                     5,760,000
-------------------------------------===========================================
    9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            5,760,000
------------====================================================================
    10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
            CERTAIN SHARES (See Instructions)
                                                                           [   ]

------------====================================================================
    11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            3.7 %
------------====================================================================
    12      TYPE OF REPORTING PERSON (See Instructions)

            PN
------------====================================================================


                               Page 3 of 10 Pages





                                       13G

===================
CUSIP No. 84760T100
===================

------------====================================================================
    1       NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            OZF Management, L.L.C.
------------====================================================================
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                       (a) [   ]
                                                                       (b) [ X ]

------------====================================================================
    3       SEC USE ONLY

------------====================================================================
    4       CITIZENSHIP OR PLACE OF ORGANIZATION

            Delaware
-------------------------------------===========================================
      NUMBER OF              5       SOLE VOTING POWER

       SHARES                        -0-
                          -----------===========================================
    BENEFICIALLY             6       SHARED VOTING POWER

      OWNED BY                       5,760,000
                          -----------===========================================
        EACH                 7       SOLE DISPOSITIVE POWER

      REPORTING                      -0-
                          -----------===========================================
     PERSON WITH             8       SHARED DISPOSITIVE POWER

                                     5,760,000
-------------------------------------===========================================
    9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            5,760,000
------------====================================================================
    10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
            CERTAIN SHARES (See Instructions)
                                                                           [   ]

------------====================================================================
    11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            3.7 %
------------====================================================================
    12      TYPE OF REPORTING PERSON (See Instructions)

            OO
------------====================================================================



                               Page 4 of 10 Pages




                                       13G

===================
CUSIP No. 84760T100
===================

------------====================================================================
    1       NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Daniel  S. Och
------------====================================================================
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                       (a) [   ]
                                                                       (b) [ X ]

------------====================================================================
    3       SEC USE ONLY

------------====================================================================
    4       CITIZENSHIP OR PLACE OF ORGANIZATION

            United States
-------------------------------------===========================================
      NUMBER OF              5       SOLE VOTING POWER

       SHARES                        -0-
                          -----------===========================================
    BENEFICIALLY             6       SHARED VOTING POWER

      OWNED BY                       14,000,000
                          -----------===========================================
        EACH                 7       SOLE DISPOSITIVE POWER

      REPORTING                      -0-
                          -----------===========================================
     PERSON WITH             8       SHARED DISPOSITIVE POWER

                                     14,000,000
-------------------------------------===========================================
    9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            14,000,000
------------====================================================================
    10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
            CERTAIN SHARES (See Instructions)
                                                                           [   ]

------------====================================================================
    11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            9.1 %
------------====================================================================
    12      TYPE OF REPORTING PERSON (See Instructions)

            IN
------------====================================================================



                               Page 5 of 10 Pages




                                       13G

===================
CUSIP No. 84760T100
===================

------------====================================================================
    1       NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Stephen C. Friedheim
------------====================================================================
    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                                       (a) [   ]
                                                                       (b) [ X ]

------------====================================================================
    3       SEC USE ONLY

------------====================================================================
    4       CITIZENSHIP OR PLACE OF ORGANIZATION

            United States
-------------------------------------===========================================
      NUMBER OF              5       SOLE VOTING POWER

       SHARES                        -0-
                          -----------===========================================
    BENEFICIALLY             6       SHARED VOTING POWER

      OWNED BY                       5,760,000
                          -----------===========================================
        EACH                 7       SOLE DISPOSITIVE POWER

      REPORTING                      -0-
                          -----------===========================================
     PERSON WITH             8       SHARED DISPOSITIVE POWER

                                     5,760,000
-------------------------------------===========================================
    9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            5,760,000
------------====================================================================
    10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
            CERTAIN SHARES (See Instructions)
                                                                           [   ]

------------====================================================================
    11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            3.7 %
------------====================================================================
    12      TYPE OF REPORTING PERSON (See Instructions)

            IN
------------====================================================================



                               Page 6 of 10 Pages




Item 1.  Issuer
         ------

     (a) Name of Issuer:
         --------------

          SpectraSite Holdings, Inc. (the "Company")

     (b) Address of Issuer's Principal Executive Offices:
         -----------------------------------------------

         100 Regency Forest Drive, Suite 400, Cary, North Carolina  27511

Item 2.  Identity And Background.
         -----------------------

         Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))
         ----------------------------------------------------------------

               This  statement  relates  to Shares of Common  Stock,  $0.001 Par
          Value (the "Shares") of the Company. The CUSIP number of the Shares is
          84760T100.

         Name  Of Persons  Filing,  Address  Of  Principal  Business  Office And
         -----------------------------------------------------------------------
         Citizenship (Item 2(a), (b) and (c))
         ------------------------------------

                  This statement is filed by the entities and persons listed
         below, all of whom together are referred to herein as the "Reporting
         Persons."

         The Management Companies
         ------------------------

               (i)  OZ Management,  L.L.C., a Delaware limited liability company
                    ("OZ"),  with respect to the Shares held by a  discretionary
                    account managed by OZ.

               (ii) OZF  Management,   L.P.,  a  Delaware  limited   partnership
                    ("OZF"),   with  respect  to  the  Shares  held  by  certain
                    discretionary  accounts  managed by OZF  (together  with the
                    discretionary   account   managed   by  OZ,   the   "Managed
                    Accounts").

               (iii)OZF  Management,   L.L.C.,  a  Delaware  limited   liability
                    company (the "General Partner") which is the general partner
                    of OZF, with respect to the Shares held by the discretionary
                    accounts managed by OZF.

         The Managing Members of the General Partner And/Or OZ
         -----------------------------------------------------

               (iv) Daniel  S. Och who is a Senior  Managing  Member of both the
                    General  Partner and OZ, with  respect to the Shares held by
                    the Managed Accounts.

               (v)  Stephen C. Friedheim who is a Senior  Managing Member of the
                    General  Partner,  with  respect to the  Shares  held by the
                    Managed Accounts managed by OZF.


                               Page 7 of 10 Pages



     The  citizenship  of each of OZ, OZF and the  General  Partner is set forth
above.  Each of  Daniel  S. Och and  Stephen  C.  Friedheim  is a United  States
citizen.

     The  address  of the  principal  business  office of each of the  Reporting
Persons is 9 West 57th Street, 39th Floor, New York, NY 10019.

Item 3.  If This  Statement  Is  Filed  Pursuant  To  Sections  240.13d-1(b)  or
         -----------------------------------------------------------------------
     240.13d-2(b) or (c), Check Whether The Person Filing Is An Entity Specified
     ---------------------------------------------------------------------------
     in (a) - (j):
     ------------

               Not Applicable.

               If This  Statement  Is Filed  Pursuant  To Section  240.13d-1(c),
               -----------------------------------------------------------------
               Check This Box. [X]
               --------------

Item 4.  Ownership
         ---------

     See cover page for the Reporting Persons.

     OZ serves as principal  investment manager to a discretionary  account with
respect  to  which it has  voting  and  dispositive  authority  over the  Shares
reported in this Schedule 13G. Mr. Daniel S. Och is the senior  managing  member
of OZ. As such,  he may be deemed to control  such entity and  therefore  may be
deemed to be the beneficial owner of the Shares reported in this Schedule 13G.

     OZF serves as  principal  investment  manager to a number of  discretionary
accounts with respect to which it has voting and dispositive  authority over the
Shares  reported in this  Schedule  13G.  Mr.  Daniel S. Och and Mr.  Stephen C.
Friedheim are the senior managing members of the General Partner.  As such, they
may be deemed to control such entity and therefore be the  beneficial  owners of
the Shares reported in this Schedule 13G.

     Each of the Reporting Persons hereby disclaims any beneficial  ownership of
any such Shares.

Item 5.  Ownership Of Five Percent Or Less Of A Class
         --------------------------------------------

               Not Applicable.

Item 6.  Ownership Of More Than Five Percent On Behalf Of Another Person
         ---------------------------------------------------------------

               Not Applicable.

Item 7.  Identification  And Classification Of The Subsidiary Which Acquired The
         -----------------------------------------------------------------------
     Security Being Reported On By The Parent Holding Company
     --------------------------------------------------------

               Not Applicable.


                               Page 8 of 10 Pages


Item 8.  Identification And Classification Of Members Of The Group
         ---------------------------------------------------------

               The  Reporting  Persons are filing this  Schedule 13G pursuant to
          Rule  13d-1(c).  Consistent  with  Item 2 of the  cover  page for each
          Reporting  Person above,  the Reporting  Persons neither  disclaim nor
          affirm the existence of a group among them.

Item 9.  Notice Of Dissolution Of Group
         ------------------------------

               Not Applicable.

Item 10.  Certification
          -------------

               By signing  below I certify that, to the best of my knowledge and
          belief, the securities referred to above were not acquired and are not
          held for the purpose of or with the effect of changing or  influencing
          the control of the issuer of the  securities and were not acquired and
          are not held in connection with or as a participant in any transaction
          having that purpose or effect.





                               Page 9 of 10 Pages




                                    SIGNATURE
                                    ---------



     After reasonable  inquiry and to the best of our knowledge and belief,  the
undersigned  certify that the  information  set forth in this statement is true,
complete and correct.

Dated:  December 31, 2002


                             /s/ Daniel S. Och
                             ----------------------------------------
                             OZ MANAGEMENT, L.L.C.
                             By Daniel S. Och
                             Senior Managing Member



                             /s/ Daniel S. Och
                             ----------------------------------------
                             OZF MANAGEMENT, L.P.
                             By OZF MANAGEMENT, L.L.C., its General Partner
                             By Daniel S. Och
                             Senior Managing Member



                             /s/ Stephen C. Friedheim
                             ----------------------------------------
                             OZF MANAGEMENT, L.P.
                             By OZF MANAGEMENT, L.L.C., its General Partner
                             By Stephen C. Friedheim
                             Senior Managing Member



                             /s/ Daniel S. Och
                             ----------------------------------------
                             Daniel S. Och



                             /s/ Stephen C. Friedheim
                             ----------------------------------------
                             Stephen C. Friedheim


                               Page 10 of 10 Pages