-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CxtUHH757CqzTiZNcwRF8TMCILl1+NqV8w2aW7wjHY3fyG4nJlko/0tviRlntg7M 7PsH20l414bsujdz66fVFw== 0000919574-11-001181.txt : 20110214 0000919574-11-001181.hdr.sgml : 20110214 20110214114722 ACCESSION NUMBER: 0000919574-11-001181 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 EFFECTIVENESS DATE: 20110214 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: 11603616 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 d1170758_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 December 31, 2010 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 DECEMBER 31, 2010 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 DECEMBER 31, 2010 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 DECEMBER 31, 2010 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 February 14, 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: 137 Form 13F Information Table Value Total: $405,155 (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-XXXXX Harbert Event Opportunities GP, LLC 2. 028-XXXXX Harbert Event Opportunities Master Fund Ltd. 3. 028-XXXXX Harbert Value Fund GP, LLC 4. 028-XXXXX Harbert Value Master Fund, Ltd. - ---- ------------------- ---------------------------------------------- FORM 13F INFORMATION TABLE Harbert Management Corporation December 31, 2010
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MNGRS SOLE SHARED NONE AIRGAS INC COM 009363102 8,120 130,000 SH DEFINED 1,2 130,000 AIRGAS INC COM 009363102 15,097 241,700 CALL DEFINED 1,2 241,700 ALBERTO CULVER CO NEW COM 013078100 1,852 50,000 SH DEFINED 1,2 50,000 ALEXANDER & BALDWIN INC COM 014482103 1,357 33,891 SH SOLE NONE 33,891 ALEXANDER & BALDWIN INC COM 014482103 8,606 215,000 SH DEFINED 3,4 215,000 ALLIS CHALMERS ENERGY INC COM PAR $.01NW 019645506 1,299 183,200 SH DEFINED 1,2 183,200 ALLIS CHALMERS ENERGY INC COM PAR $.01NW 019645506 255 36,000 CALL DEFINED 1,2 36,000 ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 580 20,196 SH SOLE NONE 20,196 ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 3,617 126,000 SH DEFINED 3,4 126,000 AMAG PHARMACEUTICALS INC COM 00163U106 1,810 100,000 SH DEFINED 1,2 100,000 AMAZON COM INC COM 023135106 2,700 15,000 PUT DEFINED 3,4 15,000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,170 80,000 SH DEFINED 3,4 80,000 AMR CORP COM 001765106 11,296 1,450,000 SH DEFINED 1,2 1,450,000 ANADARKO PETE CORP COM 032511107 3,808 50,000 CALL DEFINED 1,2 50,000 ASCENT MEDIA CORP COM SER A 043632108 592 15,263 SH SOLE NONE 15,263 ASCENT MEDIA CORP COM SER A 043632108 3,648 94,115 SH DEFINED 3,4 94,115 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 1,232 43,033 SH SOLE NONE 43,033 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 7,813 273,000 SH DEFINED 3,4 273,000 ATLAS ENERGY INC COM 049298102 3,298 75,000 SH DEFINED 1,2 75,000 ATLAS ENERGY INC COM 049298102 3,324 75,600 CALL DEFINED 1,2 75,600 BANKS COM INC COM 066470105 31 97,500 SH SOLE NONE 97,500 BJS WHOLESALE CLUB INC COM 05548J106 3,353 70,000 SH DEFINED 1,2 70,000 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,754 80,000 SH DEFINED 3,4 80,000 BRUNSWICK CORP COM 117043109 776 41,391 SH SOLE NONE 41,391 BRUNSWICK CORP COM 117043109 4,779 255,000 SH DEFINED 3,4 255,000 BUCYRUS INTL INC NEW COM 118759109 5,364 60,000 SH DEFINED 1,2 60,000 CBS CORP NEW CL B 124857202 667 35,000 SH DEFINED 3,4 35,000 CEMEX SAB DE CV SPON ADR NEW 151290889 3,695 345,000 SH SOLE NONE 345,000 CHESAPEAKE ENERGY CORP COM 165167107 1,283 49,500 CALL DEFINED 1,2 49,500 CIT GROUP INC COM NEW 125581801 1,343 28,518 SH SOLE NONE 28,518 CIT GROUP INC COM NEW 125581801 8,525 181,000 SH DEFINED 3,4 181,000 CLEARWATER PAPER CORP COM 18538R103 962 12,286 SH DEFINED 3,4 12,286 COMPUTER SCIENCES CORP COM 205363104 2,122 42,789 SH SOLE NONE 42,789 COMPUTER SCIENCES CORP COM 205363104 13,442 271,000 SH DEFINED 3,4 271,000 CONVERGYS CORP COM 212485106 624 47,395 SH SOLE NONE 47,395 CONVERGYS CORP COM 212485106 3,819 290,000 SH DEFINED 3,4 290,000 CORELOGIC INC COM 21871D103 834 45,036 SH SOLE NONE 45,036 CORELOGIC INC COM 21871D103 5,186 280,000 SH DEFINED 3,4 280,000 DARLING INTL INC COM 237266101 665 50,100 SH DEFINED 1,2 50,100 DARLING INTL INC COM 237266101 766 57,700 CALL DEFINED 1,2 57,700 DEL MONTE FOODS CO COM 24522P103 940 50,000 SH DEFINED 1,2 50,000 DEL MONTE FOODS CO COM 24522P103 1,880 100,000 PUT DEFINED 1,2 100,000 DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 742 20,224 SH DEFINED 1,2 20,224 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 7,443 157,500 SH DEFINED 1,2 157,500 DONNELLEY R R & SONS CO COM 257867101 349 20,000 SH DEFINED 3,4 20,000 DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,110 60,000 SH DEFINED 3,4 60,000 EARTHLINK INC COM 270321102 1,075 125,000 SH DEFINED 3,4 125,000 EASTMAN KODAK CO COM 277461109 134 25,000 SH DEFINED 1,2 25,000 ECHOSTAR CORP CL A 278768106 949 38,000 SH DEFINED 3,4 38,000 ENZON PHARMACEUTICALS INC COM 293904108 642 52,779 SH SOLE NONE 52,779 ENZON PHARMACEUTICALS INC COM 293904108 3,955 325,000 SH DEFINED 3,4 325,000 EXELON CORP COM 30161N101 330 7,937 SH SOLE NONE 7,937 EXELON CORP COM 30161N101 2,082 50,000 SH DEFINED 3,4 50,000 FIBRIA CELULOSE S A SP ADR REP COM 31573A109 1,600 100,000 SH SOLE NONE 100,000 FIRSTENERGY CORP COM 337932107 1,236 33,400 SH DEFINED 1,2 33,400 GENZYME CORP COM 372917104 10,680 150,000 SH DEFINED 1,2 150,000 GENZYME CORP COM 372917104 4,272 60,000 CALL DEFINED 1,2 60,000 GENZYME CORP COM 372917104 1,780 25,000 PUT DEFINED 1,2 25,000 GLOBAL INDS LTD COM 379336100 2,183 315,000 SH DEFINED 3,4 315,000 GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 162 6,994 SH SOLE NONE 6,994 GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 998 43,006 SH DEFINED 3,4 43,006 HUBBELL INC CL B 443510201 860 14,300 SH DEFINED 3,4 14,300 J CREW GROUP INC COM 46612H402 10,785 250,000 SH DEFINED 1,2 250,000 J CREW GROUP INC COM 46612H402 12,998 301,300 CALL DEFINED 1,2 301,300 J CREW GROUP INC COM 46612H402 2,545 59,000 PUT DEFINED 1,2 59,000 JOHN BEAN TECHNOLOGIES CORP COM 477839104 469 23,300 SH DEFINED 3,4 23,300 JOHNSON & JOHNSON COM 478160104 1,266 20,462 SH SOLE NONE 20,462 JOHNSON & JOHNSON COM 478160104 8,041 130,000 SH DEFINED 3,4 130,000 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 651 41,291 SH SOLE NONE 41,291 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 5,835 370,000 SH DEFINED 3,4 370,000 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 438 7,000 SH DEFINED 3,4 7,000 LOEWS CORP COM 540424108 886 22,759 SH SOLE NONE 22,759 LOEWS CORP COM 540424108 5,447 140,000 SH DEFINED 3,4 140,000 LOUISIANA PAC CORP COM 546347105 1,244 131,500 SH DEFINED 3,4 131,500 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 1,005 29,206 SH SOLE NONE 29,206 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 6,364 185,000 SH DEFINED 3,4 185,000 MADISON SQUARE GARDEN INC CL A 55826P100 670 25,971 SH SOLE NONE 25,971 MADISON SQUARE GARDEN INC CL A 55826P100 4,125 160,000 SH DEFINED 3,4 160,000 MAGNA INTL INC COM 559222401 2,340 45,000 SH DEFINED 1,2 45,000 MARATHON OIL CORP COM 565849106 1,315 35,507 SH SOLE NONE 35,507 MARATHON OIL CORP COM 565849106 8,332 225,000 SH DEFINED 3,4 225,000 MASSEY ENERGY COMPANY COM 576206106 5,365 100,000 SH DEFINED 1,2 100,000 MASSEY ENERGY COMPANY COM 576206106 1,341 25,000 PUT DEFINED 1,2 25,000 MATRIXX INITIATIVES INC COM 57685L105 85 10,000 SH DEFINED 1,2 10,000 MCAFEE INC COM 579064106 7,641 165,000 SH DEFINED 1,2 165,000 MERCURY COMPUTER SYS COM 589378108 2,316 126,000 SH DEFINED 3,4 126,000 MGM RESORTS INTERNATIONAL COM 552953101 6,697 451,000 SH DEFINED 1,2 451,000 MGM RESORTS INTERNATIONAL COM 552953101 7,351 495,000 CALL DEFINED 1,2 495,000 MGM RESORTS INTERNATIONAL COM 552953101 2,970 200,000 PUT DEFINED 1,2 200,000 MI DEVS INC CL A SUB VTG 55304X104 271 10,000 SH DEFINED 1,2 10,000 MONSTER WORLDWIDE INC COM 611742107 2,363 100,000 PUT DEFINED 3,4 100,000 MUELLER WTR PRODS INC COM SER A 624758108 204 49,000 SH DEFINED 3,4 49,000 MYR GROUP INC DEL COM 55405W104 557 26,500 SH DEFINED 1,2 26,500 NABORS INDUSTRIES LTD SHS G6359F103 469 20,000 SH DEFINED 3,4 20,000 NAVISTAR INTL CORP NEW COM 63934E108 5,501 95,000 PUT DEFINED 3,4 95,000 NAVISTAR INTL CORP NEW COM 63934E108 411 7,100 PUT SOLE NONE 7,100 NETFLIX INC COM 64110L106 3,514 20,000 PUT DEFINED 3,4 20,000 NETFLIX INC COM 64110L106 562 3,200 PUT SOLE NONE 3,200 ORITANI FINL CORP DEL COM 68633D103 335 27,339 SH SOLE NONE 27,339 ORITANI FINL CORP DEL COM 68633D103 2,081 170,000 SH DEFINED 3,4 170,000 PEP BOYS MANNY MOE & JACK COM 713278109 889 66,207 SH SOLE NONE 66,207 PEP BOYS MANNY MOE & JACK COM 713278109 5,506 410,000 SH DEFINED 3,4 410,000 PFIZER INC COM 717081103 1,241 70,857 SH SOLE NONE 70,857 PFIZER INC COM 717081103 7,880 450,000 SH DEFINED 3,4 450,000 PICO HLDGS INC COM NEW 693366205 1,431 45,000 SH DEFINED 3,4 45,000 PLATINUM UNDERWRITER HLDGS L COM G7127P100 283 6,292 SH SOLE NONE 6,292 PLATINUM UNDERWRITER HLDGS L COM G7127P100 1,690 37,583 SH DEFINED 3,4 37,583 POPULAR INC COM 733174106 1,256 400,000 SH DEFINED 1,2 400,000 POSCO SPONSORED ADR 693483109 2,692 25,000 SH SOLE NONE 25,000 POTLATCH CORP NEW COM 737630103 1,400 43,000 SH DEFINED 3,4 43,000 PRIDE INTL INC DEL COM 74153Q102 2,145 65,000 SH DEFINED 1,2 65,000 PRIDE INTL INC DEL COM 74153Q102 1,934 58,600 CALL DEFINED 1,2 58,600 PROMOTORA DE INFORMACIONES S ADR CL A SHS 74343G204 802 100,000 SH DEFINED 1,2 100,000 PROMOTORA DE INFORMACIONES S ADR CL B CONV 74343G303 1,789 187,500 SH DEFINED 1,2 187,500 QEP RES INC COM 74733V100 726 20,000 SH DEFINED 1,2 20,000 QUICKSILVER RESOURCES INC COM 74837R104 590 40,000 SH DEFINED 1,2 40,000 RADIOSHACK CORP COM 750438103 572 30,930 SH SOLE NONE 30,930 RADIOSHACK CORP COM 750438103 5,177 280,000 SH DEFINED 3,4 280,000 RED ROBIN GOURMET BURGERS IN COM 75689M101 2,147 100,000 CALL DEFINED 1,2 100,000 SAFETY INS GROUP INC COM 78648T100 1,903 40,000 SH DEFINED 3,4 40,000 SARA LEE CORP COM 803111103 573 32,707 SH SOLE NONE 32,707 SARA LEE CORP COM 803111103 3,502 200,000 SH DEFINED 3,4 200,000 SAVIENT PHARMACEUTICALS INC COM 80517Q100 2,228 200,000 SH DEFINED 1,2 200,000 SAVIENT PHARMACEUTICALS INC COM 80517Q100 111 10,000 CALL DEFINED 1,2 10,000 SEABRIDGE GOLD INC COM 811916105 3,375 110,000 PUT DEFINED 3,4 110,000 SPDR GOLD TRUST GOLD SHS 78463V107 18,034 130,000 PUT SOLE NONE 130,000 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 661 31,749 SH SOLE NONE 31,749 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 4,162 200,000 SH DEFINED 3,4 200,000 T-3 ENERGY SRVCS INC COM 87306E107 2,589 65,000 SH DEFINED 1,2 65,000 VERIGY LTD SHS Y93691106 1,302 100,000 SH DEFINED 1,2 100,000 WALTER ENERGY INC COM 93317Q105 1,278 10,000 SH DEFINED 3,4 10,000 WESTERN DIGITAL CORP COM 958102105 1,282 37,812 SH SOLE NONE 37,812 WESTERN DIGITAL CORP COM 958102105 8,136 240,000 SH DEFINED 3,4 240,000 WILLBROS GROUP INC DEL COM 969203108 246 25,000 SH DEFINED 1,2 25,000 WILLBROS GROUP INC DEL COM 969203108 499 50,800 CALL DEFINED 1,2 50,800 WILLIAMS COS INC DEL COM 969457100 1,607 65,000 SH DEFINED 1,2 65,000 WILLIAMS COS INC DEL COM 969457100 865 35,000 CALL DEFINED 1,2 35,000
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