0000919574-11-003178.txt : 20110516
0000919574-11-003178.hdr.sgml : 20110516
20110513180131
ACCESSION NUMBER: 0000919574-11-003178
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110516
DATE AS OF CHANGE: 20110513
EFFECTIVENESS DATE: 20110516
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: 11842760
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
d1193810_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 March 31, 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 MARCH 31, 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 MARCH 31, 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 MARCH 31, 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 May 16, 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: 155
Form 13F Information Table Value Total: $376,009
(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
March 31, 2011
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
-------------- -------------- --------- -------- ------------------ ---------- -------- ------------------------
VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE
-------------- -------------- --------- -------- ------- --- ---- ---------- -------- --------- ------ -------
AIRGAS INC COM 009363102 744 11,200 CALL SOLE NONE
AIRGAS INC COM 009363102 5,546 83,500 CALL DEFINED 1, 2
ALBERTO CULVER CO NEW COM 013078100 250 6,700 SH SOLE NONE 6,700
ALBERTO CULVER CO NEW COM 013078100 1,864 50,000 SH DEFINED 1, 2 50,000
ALEXANDER & BALDWIN INC COM 014482103 768 16,816 SH SOLE NONE 16,816
ALEXANDER & BALDWIN INC COM 014482103 4,565 100,000 SH DEFINED 3, 4 100,000
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 662 21,562 SH SOLE NONE 21,562
ALTISOURCE PORTFOLIO SOLNS S REG SHS L0175J104 3,866 126,000 SH DEFINED 3, 4 126,000
AMAZON COM INC COM 023135106 2,702 15,000 PUT DEFINED 3, 4 15,000
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 105 6,600 CALL SOLE NONE
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,271 80,000 SH DEFINED 3, 4 80,000
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 779 49,000 CALL DEFINED 1, 2
AMERICAN SUPERCONDUCTOR CORP COM 030111108 87 3,500 PUT SOLE NONE 3,500
AMERICAN SUPERCONDUCTOR CORP COM 030111108 497 20,000 PUT DEFINED 3, 4 20,000
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 1,440 52,259 SH SOLE NONE 52,259
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 8,406 305,000 SH DEFINED 3, 4 305,000
ATLAS ENERGY LP COM UNITS LP 04930A104 337 15,100 CALL SOLE NONE
ATLAS ENERGY LP COM UNITS LP 04930A104 2,567 114,900 CALL DEFINED 1, 2
BANKS COM INC COM 066470105 24 97,500 SH SOLE NONE 97,500
BJS WHOLESALE CLUB INC COM 05548J106 1,113 22,800 CALL SOLE NONE
BJS WHOLESALE CLUB INC COM 05548J106 8,265 169,300 CALL DEFINED 1, 2
BLOCK H & R INC COM 093671105 243 14,500 PUT SOLE NONE 14,500
BLOCK H & R INC COM 093671105 2,310 138,000 PUT DEFINED 1, 2 138,000
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,815 80,000 SH DEFINED 3, 4 80,000
BRUNSWICK CORP COM 117043109 891 35,029 SH SOLE NONE 35,029
BRUNSWICK CORP COM 117043109 5,206 204,700 SH DEFINED 3, 4 204,700
BUCYRUS INTL INC NEW COM 118759109 741 8,100 SH SOLE NONE 8,100
BUCYRUS INTL INC NEW COM 118759109 5,487 60,000 SH DEFINED 1, 2 60,000
CBS CORP NEW CL B 124857202 876 35,000 SH DEFINED 3, 4 35,000
CEMEX SAB DE CV SPON ADR NEW 151290889 2,833 317,200 SH SOLE NONE 317,200
CEPHALON INC COM 156708109 1,102 14,538 SH SOLE NONE 14,538
CEPHALON INC COM 156708109 1,319 17,400 CALL SOLE NONE
CEPHALON INC COM 156708109 8,371 110,462 SH DEFINED 1, 2 110,462
CEPHALON INC COM 156708109 10,048 132,600 CALL DEFINED 1, 2
CIT GROUP INC COM NEW 125581801 1,892 44,477 SH SOLE NONE 44,477
CIT GROUP INC COM NEW 125581801 11,063 260,000 SH DEFINED 3, 4 260,000
CLEARWATER PAPER CORP COM 18538R103 1,000 12,286 SH DEFINED 3, 4 12,286
CLEARWIRE CORP NEW CL A 18538Q105 132 23,600 SH SOLE NONE 23,600
CLEARWIRE CORP NEW CL A 18538Q105 132 23,600 PUT SOLE NONE 23,600
CLEARWIRE CORP NEW CL A 18538Q105 419 75,000 CALL DEFINED 1, 2
CLEARWIRE CORP NEW CL A 18538Q105 585 104,600 SH DEFINED 1, 2 104,600
CLEARWIRE CORP NEW CL A 18538Q105 585 104,600 PUT DEFINED 1, 2 104,600
CONVERGYS CORP COM 212485106 713 49,626 SH SOLE NONE 49,626
CONVERGYS CORP COM 212485106 4,164 290,000 SH DEFINED 3, 4 290,000
DARLING INTL INC COM 237266101 103 6,700 SH SOLE NONE 6,700
DARLING INTL INC COM 237266101 769 50,000 SH DEFINED 1, 2 50,000
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 4,524 67,800 CALL SOLE NONE
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 23,282 348,900 CALL DEFINED 1, 2
DONNELLEY R R & SONS CO COM 257867101 1,886 42,193 SH DEFINED 3, 4 42,193
DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,230 60,000 SH DEFINED 3, 4 60,000
DRUGSTORE COM INC COM 262241102 336 87,225 SH SOLE NONE 87,225
DRUGSTORE COM INC COM 262241102 2,552 662,775 SH DEFINED 1, 2 662,775
EARTHLINK INC COM 270321102 979 125,000 SH DEFINED 3, 4 125,000
EASTMAN KODAK CO COM 277461109 38 11,630 SH SOLE NONE 11,630
EASTMAN KODAK CO COM 277461109 285 88,370 SH DEFINED 1, 2 88,370
EASTMAN KODAK CO COM 277461109 366 113,200 CALL SOLE NONE
EASTMAN KODAK CO COM 277461109 2,768 857,000 CALL DEFINED 1, 2
ECHOSTAR CORP CL A 278768106 1,438 38,000 SH DEFINED 3, 4 38,000
ENZON PHARMACEUTICALS INC COM 293904108 654 60,019 SH SOLE NONE 60,019
ENZON PHARMACEUTICALS INC COM 293904108 3,819 350,356 SH DEFINED 3, 4 350,356
EXELON CORP COM 30161N101 1,114 27,005 SH SOLE NONE 27,005
EXELON CORP COM 30161N101 6,475 157,000 SH DEFINED 3, 4 157,000
GENERAL MTRS CO COM 37045V100 1,387 44,684 SH SOLE NONE 44,684
GENERAL MTRS CO COM 37045V100 8,068 260,000 SH DEFINED 3, 4 260,000
GENZYME CORP COM 372917104 883 11,600 SH SOLE NONE 11,600
GENZYME CORP COM 372917104 14,347 188,400 SH DEFINED 1, 2 188,400
GENZYME CORP COM 372917104 3,808 50,000 CALL DEFINED 1, 2
GENZYME CORP COM 372917104 1,401 18,400 CALL SOLE NONE
GENZYME CORP COM 372917104 19,799 260,000 PUT DEFINED 1, 2 260,000
GLOBAL INDS LTD COM 379336100 3,084 315,000 SH DEFINED 3, 4 315,000
HUBBELL INC CL B 443510201 1,016 14,300 SH DEFINED 3, 4 14,300
INTERVAL LEISURE GROUP INC COM 46113M108 266 16,291 SH SOLE NONE 16,291
INTERVAL LEISURE GROUP INC COM 46113M108 1,533 93,780 SH DEFINED 3, 4 93,780
IRON MTN INC COM 462846106 372 11,900 CALL SOLE NONE
IRON MTN INC COM 462846106 2,751 88,100 CALL DEFINED 1, 2
JOHN BEAN TECHNOLOGIES CORP COM 477839104 448 23,300 SH DEFINED 3, 4 23,300
JOHNSON & JOHNSON COM 478160104 1,881 31,746 SH SOLE NONE 31,746
JOHNSON & JOHNSON COM 478160104 10,961 185,000 SH DEFINED 3, 4 185,000
L-1 IDENTITY SOLUTIONS INC COM 50212A106 49 4,200 PUT SOLE NONE 4,200
L-1 IDENTITY SOLUTIONS INC COM 50212A106 375 31,800 PUT DEFINED 1, 2 31,800
LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 516 7,000 SH DEFINED 3, 4 7,000
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 398 24,815 SH SOLE NONE 24,815
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 4,249 264,915 SH DEFINED 3, 4 264,915
LOEWS CORP COM 540424108 1,032 23,957 SH SOLE NONE 23,957
LOEWS CORP COM 540424108 6,033 140,000 SH DEFINED 3, 4 140,000
LOUISIANA PAC CORP COM 546347105 1,381 131,500 SH DEFINED 3, 4 131,500
LYONDELLBASELL INDUSTRIES N COM N53745100 1,252 31,658 SH SOLE NONE 31,658
LYONDELLBASELL INDUSTRIES N COM N53745100 7,317 185,000 SH DEFINED 3, 4 185,000
MADISON SQUARE GARDEN INC CL A 55826P100 693 25,671 SH SOLE NONE 25,671
MADISON SQUARE GARDEN INC CL A 55826P100 4,049 150,000 SH DEFINED 3, 4 150,000
MAGNA INTL INC COM 559222401 62 1,300 SH SOLE NONE 1,300
MAGNA INTL INC COM 559222401 479 10,000 SH DEFINED 1, 2 10,000
MARATHON OIL CORP COM 565849106 1,515 28,412 SH SOLE NONE 28,412
MARATHON OIL CORP COM 565849106 8,849 166,000 SH DEFINED 3, 4 166,000
MASSEY ENERGY COMPANY COM 576206106 6,029 88,200 SH DEFINED 1, 2 88,200
MECHEL OAO SPONSORED ADR 583840103 1,386 45,000 SH SOLE NONE 45,000
MERCURY COMPUTER SYS COM 589378108 2,666 126,000 SH DEFINED 3, 4 126,000
MGM RESORTS INTERNATIONAL COM 552953101 335 25,505 SH SOLE NONE 25,505
MGM RESORTS INTERNATIONAL COM 552953101 2,548 193,795 SH DEFINED 1, 2 193,795
MI DEVS INC CL A SUB VTG 55304X104 345 11,906 SH SOLE NONE 11,906
MI DEVS INC CL A SUB VTG 55304X104 2,605 89,894 SH DEFINED 1, 2 89,894
MUELLER WTR PRODS INC COM SER A 624758108 220 49,000 SH DEFINED 3, 4 49,000
NABORS INDUSTRIES LTD SHS G6359F103 608 20,000 SH DEFINED 3, 4 20,000
NETFLIX INC COM 64110L106 759 3,200 PUT SOLE NONE 3,200
NETFLIX INC COM 64110L106 4,747 20,000 PUT DEFINED 3, 4 20,000
ORITANI FINL CORP DEL COM 68633D103 369 29,091 SH SOLE NONE 29,091
ORITANI FINL CORP DEL COM 68633D103 2,156 170,000 SH DEFINED 3, 4 170,000
PEP BOYS MANNY MOE & JACK COM 713278109 1,309 102,966 SH SOLE NONE 102,966
PEP BOYS MANNY MOE & JACK COM 713278109 2,542 200,000 CALL DEFINED 1, 2
PEP BOYS MANNY MOE & JACK COM 713278109 7,633 600,560 SH DEFINED 3, 4 600,560
PFIZER INC COM 717081103 1,564 76,988 SH SOLE NONE 76,988
PFIZER INC COM 717081103 9,140 450,000 SH DEFINED 3, 4 450,000
PICO HLDGS INC COM NEW 693366205 1,353 45,000 SH DEFINED 3, 4 45,000
POTLATCH CORP NEW COM 737630103 1,729 43,000 SH DEFINED 3, 4 43,000
PRIDE INTL INC DEL COM 74153Q102 2,577 60,000 SH DEFINED 1, 2 60,000
PROMOTORA DE INFORMACIONES S ADR CL B CONV 74343G303 203 17,000 SH SOLE NONE 17,000
PROMOTORA DE INFORMACIONES S ADR CL B CONV 74343G303 1,509 126,500 SH DEFINED 1, 2 126,500
QUICKSILVER RESOURCES INC COM 74837R104 83 5,815 SH SOLE NONE 5,815
QUICKSILVER RESOURCES INC COM 74837R104 166 11,600 CALL SOLE NONE
QUICKSILVER RESOURCES INC COM 74837R104 632 44,185 SH DEFINED 1, 2 44,185
QUICKSILVER RESOURCES INC COM 74837R104 1,265 88,400 CALL DEFINED 1, 2
RADIOSHACK CORP COM 750438103 1,351 90,000 SH DEFINED 3, 4 90,000
SAFETY INS GROUP INC COM 78648T100 1,844 40,000 SH DEFINED 3, 4 40,000
SMURFIT-STONE CONTAINER CORP COM 83272A104 468 12,100 SH SOLE NONE 12,100
SMURFIT-STONE CONTAINER CORP COM 83272A104 3,475 89,917 SH DEFINED 1,2 89,917
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 1,421 55,364 SH SOLE NONE 55,364
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 8,305 323,540 SH DEFINED 3, 4 323,540
U S AIRWAYS GROUP INC COM 90341W108 101 11,630 SH SOLE NONE 11,630
U S AIRWAYS GROUP INC COM 90341W108 770 88,370 SH DEFINED 1, 2 88,370
VALEANT PHARMACEUTICALS INTL COM 91911K102 164 3,300 SH SOLE NONE 3,300
VERIGY LTD SHS Y93691106 99 7,000 PUT SOLE NONE 7,000
VERIGY LTD SHS Y93691106 747 53,000 PUT DEFINED 1, 2 53,000
VIRNETX HLDG CORP COM 92823T108 46 2,326 SH SOLE NONE 2,326
VIRNETX HLDG CORP COM 92823T108 58 2,900 CALL SOLE NONE
VIRNETX HLDG CORP COM 92823T108 352 17,674 SH DEFINED 1, 2 17,674
VIRNETX HLDG CORP COM 92823T108 440 22,100 CALL DEFINED 1, 2
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 250 8,685 SH SOLE NONE 8,685
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 1,438 50,000 SH DEFINED 3, 4 50,000
WALTER ENERGY INC COM 93317Q105 1,354 10,000 SH DEFINED 3, 4 10,000
WEBSENSE INC COM 947684106 62 2,700 PUT SOLE NONE 2,700
WEBSENSE INC COM 947684106 134 5,815 SH SOLE NONE 5,815
WEBSENSE INC COM 947684106 475 20,700 PUT DEFINED 1, 2 20,700
WEBSENSE INC COM 947684106 1,015 44,185 SH DEFINED 1, 2 44,185
WESTERN DIGITAL CORP COM 958102105 1,723 46,202 SH SOLE NONE 46,202
WESTERN DIGITAL CORP COM 958102105 10,068 270,000 SH DEFINED 3, 4 270,000
WET SEAL INC CL A 961840105 58 13,500 SH SOLE NONE 13,500
WET SEAL INC CL A 961840105 428 100,000 SH DEFINED 1, 2 100,000
WILLIAMS COS INC DEL COM 969457100 209 6,700 CALL SOLE NONE
WILLIAMS COS INC DEL COM 969457100 421 13,500 SH SOLE NONE 13,500
WILLIAMS COS INC DEL COM 969457100 1,559 50,000 CALL DEFINED 1, 2
WILLIAMS COS INC DEL COM 969457100 3,118 100,000 SH DEFINED 1, 2 100,000
YAHOO INC COM 984332106 483 29,000 CALL SOLE NONE
YAHOO INC COM 984332106 3,680 221,000 CALL DEFINED 1, 2
ZORAN CORP COM 98975F101 205 19,771 SH SOLE NONE 19,771
ZORAN CORP COM 98975F101 1,561 150,229 SH DEFINED 1, 2 150,229
SK 03773 0001 1193810