0000919574-11-004559.txt : 20110815
0000919574-11-004559.hdr.sgml : 20110815
20110812175029
ACCESSION NUMBER: 0000919574-11-004559
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110815
DATE AS OF CHANGE: 20110812
EFFECTIVENESS DATE: 20110815
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: HARBERT MANAGEMENT CORP
CENTRAL INDEX KEY: 0001259933
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-12611
FILM NUMBER: 111032556
BUSINESS ADDRESS:
STREET 1: 2100 THIRD AVENUE NORTH
STREET 2: SUITE 600
CITY: BIRMINGHAM
STATE: AL
ZIP: 35203
BUSINESS PHONE: 205-987-5500
MAIL ADDRESS:
STREET 1: 2100 THIRD AVENUE NORTH
STREET 2: SUITE 600
CITY: BIRMINGHAM
STATE: AL
ZIP: 35203
13F-HR
1
d1216892_13f-hr.txt
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, 2011
Check here if Amendment: |_|; Amendment Number: ____
This Amendment (Check only one): |_| is a restatement
|_| adds new holding entries.
Institutional Manager Filing this Report:
Name: Harbert Management Corporation*
Address: 2100 Third Avenue North, Suite 600
Birmingham, Alabama 35203
13F File Number: 028-12611
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.
* NOTE: THE VALUES REPORTED HEREIN REFLECT THE JUNE 30, 2011 MARKET VALUES OF
CERTAIN SECURITIES ONCE HELD AT LEHMAN BROTHERS INTERNATIONAL (EUROPE) ("LBIE").
LBIE'S ADMINISTRATORS HAVE INDICATED THAT SOME OF THESE SECURITIES HAVE BEEN
REHYPOTHECATED, AND TO THE EXTENT SECURITIES WERE IN FACT REHYPOTHECATED, THEY
WILL NOT BE RETURNED TO THE REPORTING PERSON. AS OF JUNE 30, 2011 THE REPORTING
PERSON IS UNABLE TO ASCERTAIN PRECISELY WHICH SECURITIES ONCE HELD AT LBIE WILL
BE RETURNED AND WHICH WILL NOT, AND IS REPORTING ALL SECURITIES ONCE HELD AT
LBIE, VALUED AT JUNE 30, 2011 MARKET VALUES, IN THIS REPORT. THIS REPORT ALSO
OMITS CERTAIN SECURITIES DERIVED FROM SECURITIES HELD AT LBIE ON SEPTEMBER 12,
2008 THAT SUBSEQUENTLY EXPERIENCED CORPORATE ACTIONS ("DERIVED ASSETS") TO WHICH
THE REPORTING PERSON BELIEVES IT HAS RIGHTS, BUT WHICH HAVE NOT BEEN VERIFIED BY
LBIE'S ADMINISTRATOR. WHEN FURTHER INFORMATION BECOMES AVAILABLE FROM LBIE'S
ADMINISTRATORS CONFIRMING WHICH SECURITIES WERE REHYPOTHECATED AND WHICH WERE
NOT, THE REPORTING PERSON EXPECTS TO ADJUST THE SECURITIES REPORTED IN ITS
SCHEDULE 13F ACCORDINGLY.
Person Signing this Report on Behalf of Reporting Manager:
Name: John W. McCullough
Title: Senior Vice President and General Counsel
Phone: 205-987-5576
Signature, Place, and Date of Signing
/s/ John W. McCullough Birmingham, Alabama August 15, 2011
----------------------- -------------------------- ----------------------
[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 managers(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:
Form 13F File Number Name
----------------------- --------------------------
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 4
Form 13F Information Table Entry Total: 171
Form 13F Information Table Value Total: $557,300
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. Form 13F File Number Name
1. 028-14263 Harbert Event Opportunities GP, LLC
2. 028-14264 Harbert Event Opportunities Master Fund Ltd.
3. 028-14261 Harbert Value Fund GP, LLC
4. 028-14262 Harbert Value Master Fund, Ltd.
---- ------------------- --------------------------------------------
FORM 13F INFORMATION TABLE
Harbert Management Corporation
June 30, 2011
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MNGRS SOLE SHARED NONE
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 793 21,562 SH SOLE NONE 21,562
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 4,637 126,000 SH DEFINED 3, 4 126,000
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,020 80,000 SH DEFINED 3, 4 80,000
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 1,496 58,146 SH SOLE NONE 58,146
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 8,748 340,000 SH DEFINED 3, 4 340,000
ATLAS ENERGY LP COM UNITS LP 04930A104 1,254 57,700 CALL DEFINED 1, 2
ATLAS ENERGY LP COM UNITS LP 04930A104 159 7,300 CALL SOLE NONE
BJS WHOLESALE CLUB INC COM 05548J106 4,431 88,000 SH DEFINED 1, 2 88,000
BJS WHOLESALE CLUB INC COM 05548J106 604 12,000 SH SOLE NONE 12,000
BLOCK H & R INC COM 093671105 2,823 176,000 PUT DEFINED 1, 2 176,000
BLOCK H & R INC COM 093671105 385 24,000 PUT SOLE NONE 24,000
BOSTON SCIENTIFIC CORP COM 101137107 608 88,000 CALL DEFINED 1, 2
BOSTON SCIENTIFIC CORP COM 101137107 83 12,000 CALL SOLE NONE
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 2,118 88,000 PUT DEFINED 1, 2 88,000
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 289 12,000 PUT SOLE NONE 12,000
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,926 80,000 SH DEFINED 3, 4 80,000
BRUNSWICK CORP COM 117043109 715 35,029 SH SOLE NONE 35,029
BRUNSWICK CORP COM 117043109 4,176 204,700 SH DEFINED 3, 4 204,700
BUCYRUS INTL INC NEW COM 118759109 742 8,100 SH SOLE NONE 8,100
BUCYRUS INTL INC NEW COM 118759109 5,500 60,000 SH DEFINED 1, 2 60,000
CARTER INC COM 146229109 4,060 132,000 CALL DEFINED 1, 2
CARTER INC COM 146229109 554 18,000 CALL SOLE NONE
CBS CORP NEW CL B 124857202 997 35,000 SH DEFINED 3, 4 35,000
CEMEX SAB DE CV SPON ADR NEW 151290889 2,666 310,000 SH SOLE NONE 310,000
CEPHALON INC COM 156708109 6,490 81,224 SH DEFINED 1, 2 81,224
CEPHALON INC COM 156708109 821 10,276 SH SOLE NONE 10,276
CISCO SYS INC COM 17275R102 1,050 67,290 SH SOLE NONE 67,290
CISCO SYS INC COM 17275R102 6,244 400,000 SH DEFINED 3, 4 400,000
CIT GROUP INC COM NEW 125581801 2,274 51,370 SH SOLE NONE 51,370
CIT GROUP INC COM NEW 125581801 13,278 300,000 SH DEFINED 3, 4 300,000
CLEARWATER PAPER CORP COM 18538R103 839 12,286 SH DEFINED 3, 4 12,286
CONVERGYS CORP COM 212485106 585 42,898 SH SOLE NONE 42,898
CONVERGYS CORP COM 212485106 3,410 250,000 SH DEFINED 3, 4 250,000
COTT CORP QUE COM 22163N106 687 81,644 SH SOLE NONE 81,644
COTT CORP QUE COM 22163N106 3,953 470,000 SH DEFINED 3, 4 470,000
CVS CAREMARK CORPORATION COM 126650100 1,654 44,000 CALL DEFINED 1, 2
CVS CAREMARK CORPORATION COM 126650100 225 6,000 CALL SOLE NONE
DESARROLLADORA HOMEX S A DE SPONSORED ADR 25030W100 3,028 120,000 SH SOLE NONE 120,000
DIANA CONTAINERSHIPS INC COM Y2069P101 1,490 209,000 SH DEFINED 1, 2 209,000
DIANA CONTAINERSHIPS INC COM Y2069P101 203 28,500 SH SOLE NONE 28,500
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 14,106 191,300 CALL DEFINED 1, 2
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 11,651 158,000 PUT DEFINED 1, 2 158,000
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 2,065 28,000 CALL SOLE NONE
DONNELLEY R R & SONS CO COM 257867101 392 20,000 SH DEFINED 3, 4 20,000
DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,516 60,000 SH DEFINED 3, 4 60,000
DST SYS INC DEL COM 233326107 3,485 66,000 SH DEFINED 1, 2 66,000
DST SYS INC DEL COM 233326107 475 9,000 SH SOLE NONE 9,000
DST SYS INC DEL COM 233326107 4,895 92,700 CALL DEFINED 1, 2
DST SYS INC DEL COM 233326107 665 12,600 CALL SOLE NONE
EARTHLINK INC COM 270321102 962 125,000 SH DEFINED 3, 4 125,000
EASTMAN KODAK CO COM 277461109 43 12,000 SH SOLE NONE 12,000
EASTMAN KODAK CO COM 277461109 4,633 1,294,100 CALL DEFINED 1, 2
EASTMAN KODAK CO COM 277461109 631 176,200 CALL SOLE NONE
ECHOSTAR CORP CL A 278768106 1,384 38,000 SH DEFINED 3, 4 38,000
EL PASO CORP COM 28336L109 889 44,000 CALL DEFINED 1, 2
EL PASO CORP COM 28336L109 121 6,000 CALL SOLE NONE
ENSCO PLC SPONSORED ADR 29358Q109 1,783 33,446 SH DEFINED 1, 2 33,446
ENZON PHARMACEUTICALS INC COM 293904108 458 45,619 SH SOLE NONE 45,619
ENZON PHARMACEUTICALS INC COM 293904108 2,661 264,756 SH DEFINED 3, 4 264,756
EXELON CORP COM 30161N101 1,157 27,005 SH SOLE NONE 27,005
EXELON CORP COM 30161N101 6,726 157,000 SH DEFINED 3, 4 157,000
GAFISA S A SPONS ADR 362607301 2,791 295,000 SH SOLE NONE 295,000
GENERAL MTRS CO JR PFD CNV SRB 37045V209 246 5,046 SH SOLE NONE 5,046
GENERAL MTRS CO COM 37045V100 1,568 51,632 SH SOLE NONE 51,632
GENERAL MTRS CO COM 37045V100 9,108 300,000 SH DEFINED 3, 4 300,000
GENERAL MTRS CO JR PFD CNV SRB 37045V209 1,460 30,000 SH DEFINED 3, 4 30,000
GERDAU S A SPONSORED ADR 373737105 3,156 300,000 SH SOLE NONE 300,000
GLOBAL INDS LTD COM 379336100 1,726 315,000 SH DEFINED 3, 4 315,000
HERTZ GLOBAL HOLDINGS INC COM 42805T105 699 44,000 SH DEFINED 1, 2 44,000
HERTZ GLOBAL HOLDINGS INC COM 42805T105 95 6,000 SH SOLE NONE 6,000
HUBBELL INC CL B 443510201 929 14,300 SH DEFINED 3, 4 14,300
INTERVAL LEISURE GROUP INC COM 46113M108 364 26,590 SH SOLE NONE 26,590
INTERVAL LEISURE GROUP INC COM 46113M108 2,122 155,000 SH DEFINED 3, 4 155,000
IRON MTN INC COM 462846106 7,530 220,900 CALL DEFINED 1, 2
IRON MTN INC COM 462846106 992 29,100 CALL SOLE NONE
ISHARES TR HIGH YLD CORP 464288513 1,689 18,500 PUT SOLE NONE 18,500
ISHARES TR HIGH YLD CORP 464288513 10,044 110,000 PUT DEFINED 3, 4 110,000
ISHARES TR MSCI EMERG MKT 464287234 92,820 1,950,000 CALL SOLE NONE
ITT CORP NEW COM 450911102 1,647 27,949 SH SOLE NONE 27,949
ITT CORP NEW COM 450911102 9,723 165,000 SH DEFINED 3, 4 165,000
JOHN BEAN TECHNOLOGIES CORP COM 477839104 450 23,300 SH DEFINED 3, 4 23,300
L-1 IDENTITY SOLUTIONS INC COM 50212A106 285 24,264 SH SOLE NONE 24,264
LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 600 7,000 SH DEFINED 3, 4 7,000
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 4,193 250,000 SH DEFINED 3, 4 250,000
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 374 22,307 SH SOLE NONE 22,307
LOEWS CORP COM 540424108 1,079 25,639 SH SOLE NONE 25,639
LOEWS CORP COM 540424108 6,314 150,000 SH DEFINED 3, 4 150,000
LOUISIANA PAC CORP COM 546347105 1,070 131,500 SH DEFINED 3, 4 131,500
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 692 17,953 SH SOLE NONE 17,953
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 4,045 105,000 SH DEFINED 3, 4 105,000
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 663 17,200 CALL SOLE NONE
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 3,864 100,300 CALL DEFINED 3, 4
MADISON SQUARE GARDEN CO CL A 55826P100 799 29,036 SH SOLE NONE 29,036
MADISON SQUARE GARDEN CO CL A 55826P100 4,680 170,000 SH DEFINED 3, 4 170,000
MARATHON OIL CORP COM 565849106 2,197 41,702 SH SOLE NONE 41,702
MARATHON OIL CORP COM 565849106 12,907 245,000 SH DEFINED 3, 4 245,000
MARATHON OIL CORP COM 565849106 4,636 88,000 CALL DEFINED 1, 2
MARATHON OIL CORP COM 565849106 632 12,000 CALL SOLE NONE
MERCURY COMPUTER SYS COM 589378108 2,354 126,000 SH DEFINED 3, 4 126,000
MGM RESORTS INTERNATIONAL COM 552953101 1,162 88,000 CALL DEFINED 1, 2
MGM RESORTS INTERNATIONAL COM 552953101 159 12,000 CALL SOLE NONE
MI DEVS INC CL A SUB VTG 55304X104 362 11,906 SH SOLE NONE 11,906
MI DEVS INC CL A SUB VTG 55304X104 2,735 89,894 SH DEFINED 1, 2 89,894
MUELLER WTR PRODS INC COM SER A 624758108 195 49,000 SH DEFINED 3, 4 49,000
NABORS INDUSTRIES LTD SHS G6359F103 493 20,000 SH DEFINED 3, 4 20,000
NATIONAL SEMICONDUCTOR CORP COM 637640103 2,175 88,370 SH DEFINED 1, 2 88,370
NATIONAL SEMICONDUCTOR CORP COM 637640103 286 11,630 SH SOLE NONE 11,630
OFFICE DEPOT INC COM 676220106 364 86,169 SH SOLE NONE 86,169
OFFICE DEPOT INC COM 676220106 2,110 500,000 SH DEFINED 3, 4 500,000
ORITANI FINL CORP DEL COM 68633D103 2,174 170,000 SH DEFINED 3, 4 170,000
ORITANI FINL CORP DEL COM 68633D103 372 29,091 SH SOLE NONE 29,091
PEP BOYS MANNY MOE & JACK COM 713278109 941 86,049 SH SOLE NONE 86,049
PEP BOYS MANNY MOE & JACK COM 713278109 5,465 500,000 SH DEFINED 3, 4 500,000
PEP BOYS MANNY MOE & JACK COM 713278109 2,186 200,000 CALL DEFINED 1, 2
PEP BOYS MANNY MOE & JACK COM 713278109 254 23,200 CALL SOLE NONE
PFIZER INC COM 717081103 1,801 87,411 SH SOLE NONE 87,411
PFIZER INC COM 717081103 10,506 510,000 SH DEFINED 3, 4 510,000
PFIZER INC COM 717081103 1,813 88,000 CALL DEFINED 1, 2
PFIZER INC COM 717081103 247 12,000 CALL SOLE NONE
PICO HLDGS INC COM NEW 693366205 1,305 45,000 SH DEFINED 3, 4 45,000
PLATINUM UNDERWRITER HLDGS L COM G7127P100 895 26,916 SH SOLE NONE 26,916
PLATINUM UNDERWRITER HLDGS L COM G7127P100 5,318 160,000 SH DEFINED 3, 4 160,000
POTLATCH CORP NEW COM 737630103 1,517 43,000 SH DEFINED 3, 4 43,000
QUICKSILVER RESOURCES INC COM 74837R104 44 3,000 SH SOLE NONE 3,000
QUICKSILVER RESOURCES INC COM 74837R104 2,342 158,700 CALL DEFINED 1, 2
QUICKSILVER RESOURCES INC COM 74837R104 319 21,600 CALL SOLE NONE
RADIOSHACK CORP COM 750438103 224 16,822 SH SOLE NONE 16,822
RADIOSHACK CORP COM 750438103 2,529 190,000 SH DEFINED 3, 4 190,000
RALCORP HLDGS INC NEW COM 751028101 2,286 26,400 SH DEFINED 1, 2 26,400
RALCORP HLDGS INC NEW COM 751028101 312 3,600 SH SOLE NONE 3,600
SAFETY INS GROUP INC COM 78648T100 748 17,793 SH SOLE NONE 17,793
SAFETY INS GROUP INC COM 78648T100 6,128 145,773 SH DEFINED 3, 4 145,773
SANOFI RIGHT 12/31/2020 80105N113 1,811 751,295 SH DEFINED 1, 2 751,295
SANOFI RIGHT 12/31/2020 80105N113 266 110,405 SH SOLE NONE 110,405
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 13,490 880,000 CALL DEFINED 1, 2
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,840 120,000 CALL SOLE NONE
SOUTHERN UN CO NEW COM 844030106 1,767 44,000 SH DEFINED 1, 2 44,000
SOUTHERN UN CO NEW COM 844030106 241 6,000 SH SOLE NONE 6,000
SOUTHERN UN CO NEW COM 844030106 931 23,200 CALL DEFINED 1, 2
SOUTHERN UN CO NEW COM 844030106 124 3,100 CALL SOLE NONE
SPDR S&P 500 ETF TR TR UNIT 78462F103 46,453 352,000 PUT DEFINED 1, 2 352,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 6,335 48,000 PUT SOLE NONE 48,000
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 1,600 72,741 SH SOLE NONE 72,741
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 9,350 425,000 SH DEFINED 3, 4 425,000
TAT TECHNOLOGIES LTD ORD NEW M8740S227 37 6,450 SH DEFINED 3, 4 6,450
TELEPHONE & DATA SYS INC SPL COM 879433860 3,770 140,000 SH DEFINED 1, 2 140,000
TEMPLE INLAND INC COM 879868107 2,617 88,000 SH DEFINED 1, 2 88,000
TEMPLE INLAND INC COM 879868107 357 12,000 SH SOLE NONE 12,000
TEMPLE INLAND INC COM 879868107 2,617 88,000 CALL DEFINED 1, 2
TEMPLE INLAND INC COM 879868107 357 12,000 CALL SOLE NONE
TIMBERLAND CO CL A 887100105 4,727 110,000 SH DEFINED 1, 2 110,000
TIMBERLAND CO CL A 887100105 645 15,000 SH SOLE NONE 15,000
TIVO INC COM 888706108 1,811 176,000 SH DEFINED 1, 2 176,000
TIVO INC COM 888706108 247 24,000 SH SOLE NONE 24,000
TIVO INC COM 888706108 3,622 352,000 CALL DEFINED 1, 2
TIVO INC COM 888706108 494 48,000 CALL SOLE NONE
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 4,008 150,000 SH DEFINED 3, 4 150,000
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 685 25,645 SH SOLE NONE 25,645
WALTER ENERGY INC COM 93317Q105 1,158 10,000 SH DEFINED 3, 4 10,000
WESTERN DIGITAL CORP COM 958102105 1,428 39,254 SH SOLE NONE 39,254
WESTERN DIGITAL CORP COM 958102105 8,367 230,000 SH DEFINED 3, 4 230,000
WET SEAL INC CL A 961840105 447 100,000 SH DEFINED 1, 2 100,000
WET SEAL INC CL A 961840105 60 13,500 SH SOLE NONE 13,500
YAHOO INC COM 984332106 3,325 221,056 SH DEFINED 1, 2 221,056
YAHOO INC COM 984332106 453 30,144 SH SOLE NONE 30,144
YAHOO INC COM 984332106 758 50,400 CALL SOLE NONE
YAHOO INC COM 984332106 2,647 176,000 PUT DEFINED 1, 2 176,000
YAHOO INC COM 984332106 4,512 300,000 CALL DEFINED 3, 4
YAHOO INC COM 984332106 361 24,000 PUT SOLE NONE 24,000
ZORAN CORP COM 98975F101 2,254 268,339 SH DEFINED 1, 2 268,339
ZORAN CORP COM 98975F101 308 36,661 SH SOLE NONE 36,661
SK 03773 0001 1216892