0000919574-11-006006.txt : 20111114
0000919574-11-006006.hdr.sgml : 20111111
20111110185206
ACCESSION NUMBER: 0000919574-11-006006
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110930
FILED AS OF DATE: 20111114
DATE AS OF CHANGE: 20111110
EFFECTIVENESS DATE: 20111114
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: 111196901
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
d1238106_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 September 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 SEPTEMBER 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
SEPTEMBER 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 SEPTEMBER 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 November 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: 144
Form 13F Information Table Value Total: $379,199
(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
September 30, 2011
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 938 80,000 SH DEFINED 3, 4 80,000
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 786 34,099 SH SOLE NONE 34,099
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 8,064 350,000 SH DEFINED 3, 4 350,000
BANK OF AMERICA CORPORATION COM 060505104 12,375 2,022,000 SH DEFINED 1, 2 2,022,000
BANK OF AMERICA CORPORATION COM 060505104 12,375 2,022,000 PUT DEFINED 1, 2 2,022,000
BLACKBOARD INC COM 091935502 2,684 60,100 PUT DEFINED 1, 2 60,100
BLACKBOARD INC COM 091935502 98 2,200 PUT SOLE NONE 2,200
BRINKS CO COM 109696104 117 5,000 SH DEFINED 3, 4 5,000
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,611 80,000 SH DEFINED 3, 4 80,000
BRUNSWICK CORP COM 117043109 172 12,231 SH SOLE NONE 12,231
BRUNSWICK CORP COM 117043109 1,755 125,000 SH DEFINED 3, 4 125,000
CBS CORP NEW CL B 124857202 713 35,000 SH DEFINED 3, 4 35,000
CISCO SYS INC COM 17275R102 715 46,144 SH SOLE NONE 46,144
CISCO SYS INC COM 17275R102 7,358 475,000 SH DEFINED 3, 4 475,000
CIT GROUP INC COM NEW 125581801 887 29,200 SH SOLE NONE 29,200
CIT GROUP INC COM NEW 125581801 9,111 300,000 SH DEFINED 3, 4 300,000
CLEARWATER PAPER CORP COM 18538R103 417 12,286 SH DEFINED 3, 4 12,286
COTT CORP QUE COM 22163N106 341 50,110 SH SOLE NONE 50,110
COTT CORP QUE COM 22163N106 3,507 515,000 SH DEFINED 3, 4 515,000
DESARROLLADORA HOMEX S A DE SPONSORED ADR 25030W100 602 44,600 SH SOLE NONE 44,600
DIANA CONTAINERSHIPS INC COM Y2069P101 957 209,000 SH DEFINED 1, 2 209,000
DIANA CONTAINERSHIPS INC COM Y2069P101 28 6,200 SH SOLE NONE 6,200
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 1,032 18,336 SH DEFINED 1, 2 18,336
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 32 564 SH SOLE NONE 564
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 828 14,700 CALL DEFINED 1, 2
DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 23 400 CALL SOLE NONE
DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,327 60,000 SH DEFINED 3, 4 60,000
DST SYS INC DEL COM 233326107 1,907 43,500 SH DEFINED 1, 2 43,500
DST SYS INC DEL COM 233326107 57 1,300 SH SOLE NONE 1,300
DST SYS INC DEL COM 233326107 5,601 127,800 CALL DEFINED 1, 2
DST SYS INC DEL COM 233326107 162 3,700 CALL SOLE NONE
EARTHLINK INC COM 270321102 816 125,000 SH DEFINED 3, 4 125,000
ECHOSTAR CORP CL A 278768106 859 38,000 SH DEFINED 3, 4 38,000
ECOLAB INC COM 278865100 4,693 96,000 CALL DEFINED 1, 2
ECOLAB INC COM 278865100 137 2,800 CALL SOLE NONE
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 476 16,989 SH SOLE NONE 16,989
ENDO PHARMACEUTICALS HLDGS I COM 29264F205 4,898 175,000 SH DEFINED 3, 4 175,000
ENZON PHARMACEUTICALS INC COM 293904108 165 23,453 SH SOLE NONE 23,453
ENZON PHARMACEUTICALS INC COM 293904108 1,690 240,000 SH DEFINED 3, 4 240,000
EXELON CORP COM 30161N101 766 17,974 SH SOLE NONE 17,974
EXELON CORP COM 30161N101 7,883 185,000 SH DEFINED 3, 4 185,000
GENERAL MTRS CO JR PFD CNV SRB 37045V209 102 2,925 SH SOLE NONE 2,925
GENERAL MTRS CO COM 37045V100 446 22,101 SH SOLE NONE 22,101
GENERAL MTRS CO JR PFD CNV SRB 37045V209 1,048 30,000 SH DEFINED 3, 4 30,000
GENERAL MTRS CO COM 37045V100 4,541 225,000 SH DEFINED 3, 4 225,000
GLOBAL INDS LTD COM 379336100 2,495 315,000 SH DEFINED 3, 4 315,000
HERTZ GLOBAL HOLDINGS INC COM 42805T105 2,749 308,928 SH DEFINED 1, 2 308,928
HERTZ GLOBAL HOLDINGS INC COM 42805T105 81 9,072 SH SOLE NONE 9,072
HERTZ GLOBAL HOLDINGS INC COM 42805T105 854 96,000 CALL DEFINED 1, 2
HERTZ GLOBAL HOLDINGS INC COM 42805T105 25 2,800 CALL SOLE NONE
HEWLETT PACKARD CO COM 428236103 2,155 96,000 SH DEFINED 1, 2 96,000
HEWLETT PACKARD CO COM 428236103 70 3,100 SH SOLE NONE 3,100
HEWLETT PACKARD CO COM 428236103 6,466 288,000 CALL DEFINED 1, 2
HEWLETT PACKARD CO COM 428236103 191 8,500 CALL SOLE NONE
HILLTOP HOLDINGS INC COM 432748101 447 61,939 SH SOLE NONE 61,939
HILLTOP HOLDINGS INC COM 432748101 4,687 650,000 SH DEFINED 3, 4 650,000
HUBBELL INC CL B 443510201 708 14,300 SH DEFINED 3, 4 14,300
ISHARES INC MSCI BRAZIL 464286400 10,408 200,000 CALL SOLE NONE
ISHARES TR MSCI EMERG MKT 464287234 17,430 497,000 CALL SOLE NONE
ITT CORP NEW COM 450911102 1,218 28,992 SH SOLE NONE 28,992
ITT CORP NEW COM 450911102 12,600 300,000 SH DEFINED 3, 4 300,000
JOHN BEAN TECHNOLOGIES CORP COM 477839104 332 23,300 SH DEFINED 3, 4 23,300
JPMORGAN CHASE & CO COM 46625H100 2,620 87,000 SH DEFINED 1, 2 87,000
KINETIC CONCEPTS INC COM NEW 49460W208 7,366 111,795 SH DEFINED 1, 2 111,795
KINETIC CONCEPTS INC COM NEW 49460W208 205 3,105 SH SOLE NONE 3,105
KNIGHT CAP GROUP INC CL A COM 499005106 584 48,000 SH DEFINED 1, 2 48,000
KNIGHT CAP GROUP INC CL A COM 499005106 17 1,400 SH SOLE NONE 1,400
LIBERTY MEDIA CORP NEW CAP COM SER A 530322106 463 7,000 SH DEFINED 3, 4 7,000
LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 1,771 120,000 SH DEFINED 3, 4 120,000
LIBERTY MEDIA CORP NEW LIB STAR COM A 530322304 1,382 21,750 SH DEFINED 1, 2 21,750
LIBERTY MEDIA CORP NEW LIB STAR COM A 530322304 41 650 SH SOLE NONE 650
LOEWS CORP COM 540424108 720 20,829 SH SOLE NONE 20,829
LOEWS CORP COM 540424108 7,428 215,000 SH DEFINED 3, 4 215,000
LOUISIANA PAC CORP COM 546347105 671 131,500 SH DEFINED 3, 4 131,500
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 347 14,206 SH SOLE NONE 14,206
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 3,665 150,000 SH DEFINED 3, 4 150,000
MADISON SQUARE GARDEN CO CL A 55826P100 378 16,574 SH SOLE NONE 16,574
MADISON SQUARE GARDEN CO CL A 55826P100 3,876 170,000 SH DEFINED 3, 4 170,000
MARATHON OIL CORP COM 565849106 670 31,033 SH SOLE NONE 31,033
MARATHON OIL CORP COM 565849106 6,906 320,000 SH DEFINED 3, 4 320,000
MARATHON OIL CORP COM 565849106 1,899 88,000 CALL DEFINED 1, 2
MARATHON OIL CORP COM 565849106 183 8,500 CALL SOLE NONE
MARATHON PETE CORP COM 56585A102 2,490 92,000 CALL DEFINED 1, 2
MARATHON PETE CORP COM 56585A102 165 6,100 CALL SOLE NONE
MEDCO HEALTH SOLUTIONS INC COM 58405U102 2,734 58,300 SH DEFINED 1, 2 58,300
MERCURY COMPUTER SYS COM 589378108 1,449 126,000 SH DEFINED 3, 4 126,000
MGM RESORTS INTERNATIONAL COM 552953101 3,474 373,940 SH DEFINED 1, 2 373,940
MGM RESORTS INTERNATIONAL COM 552953101 103 11,060 SH SOLE NONE 11,060
MGM RESORTS INTERNATIONAL COM 552953101 3,607 388,300 CALL DEFINED 1, 2
MGM RESORTS INTERNATIONAL COM 552953101 109 11,700 CALL SOLE NONE
MI DEVS INC COM 55304X104 3,207 120,800 SH DEFINED 1, 2 120,800
MI DEVS INC COM 55304X104 106 4,000 SH SOLE NONE 4,000
MOTOROLA MOBILITY HLDGS INC COM 620097105 6,574 174,000 SH DEFINED 1, 2 174,000
MOTOROLA MOBILITY HLDGS INC COM 620097105 185 4,900 SH SOLE NONE 4,900
MUELLER WTR PRODS INC COM SER A 624758108 122 49,000 SH DEFINED 3, 4 49,000
NABORS INDUSTRIES LTD SHS G6359F103 245 20,000 SH DEFINED 3, 4 20,000
PEP BOYS MANNY MOE & JACK COM 713278109 406 41,147 SH SOLE NONE 41,147
PEP BOYS MANNY MOE & JACK COM 713278109 4,173 422,825 SH DEFINED 3, 4 422,825
PEPSICO INC COM 713448108 4,160 67,200 SH DEFINED 1, 2 67,200
PEPSICO INC COM 713448108 118 1,900 SH SOLE NONE 1,900
PEPSICO INC COM 713448108 11,885 192,000 CALL DEFINED 1, 2
PEPSICO INC COM 713448108 1,201 19,400 PUT DEFINED 1, 2 19,400
PEPSICO INC COM 713448108 347 5,600 CALL SOLE NONE
PEPSICO INC COM 713448108 37 600 PUT SOLE NONE 600
PFIZER INC COM 717081103 879 49,721 SH SOLE NONE 49,721
PFIZER INC COM 717081103 9,017 510,000 SH DEFINED 3, 4 510,000
PICO HLDGS INC COM NEW 693366205 923 45,000 SH DEFINED 3, 4 45,000
PLATINUM UNDERWRITER HLDGS L COM G7127P100 748 24,327 SH SOLE NONE 24,327
PLATINUM UNDERWRITER HLDGS L COM G7127P100 7,688 250,000 SH DEFINED 3, 4 250,000
POTLATCH CORP NEW COM 737630103 1,355 43,000 SH DEFINED 3, 4 43,000
RADIOSHACK CORP COM 750438103 615 52,931 SH SOLE NONE 52,931
RADIOSHACK CORP COM 750438103 7,437 640,000 SH DEFINED 3, 4 640,000
DONNELLEY R R & SONS CO COM 257867101 282 20,000 SH DEFINED 3, 4 20,000
S1 CORPORATION COM 78463B101 1,279 139,488 SH DEFINED 1, 2 139,488
S1 CORPORATION COM 78463B101 38 4,112 SH SOLE NONE 4,112
SAFETY INS GROUP INC COM 78648T100 792 20,928 SH SOLE NONE 20,928
SAFETY INS GROUP INC COM 78648T100 9,684 256,000 SH DEFINED 3, 4 256,000
SANOFI SPONSORED ADR 80105N105 375 11,434 SH SOLE NONE 11,434
SANOFI SPONSORED ADR 80105N105 3,936 120,000 SH DEFINED 3, 4 120,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 21,955 194,000 PUT DEFINED 1, 2 194,000
SPDR S&P 500 ETF TR TR UNIT 78462F103 837 7,400 PUT SOLE NONE 7,400
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 357 22,375 SH SOLE NONE 22,375
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 3,589 225,000 SH DEFINED 3, 4 225,000
SUNOCO INC COM 86764P109 689 22,217 SH SOLE NONE 22,217
SUNOCO INC COM 86764P109 7,132 230,000 SH DEFINED 3, 4 230,000
TAT TECHNOLOGIES LTD ORD NEW M8740S227 32 6,450 SH DEFINED 3, 4 6,450
TELEPHONE & DATA SYS INC SPL COM 879433860 2,566 129,800 SH DEFINED 1, 2 129,800
TELEPHONE & DATA SYS INC SPL COM 879433860 1,031 48,500 CALL DEFINED 1, 2
TELEPHONE & DATA SYS INC SPL COM 879433860 32 1,500 CALL SOLE NONE
TEMPLE INLAND INC COM 879868107 8,219 262,000 CALL DEFINED 1, 2
TEMPLE INLAND INC COM 879868107 194 6,200 CALL SOLE NONE
U S AIRWAYS GROUP INC COM 90341W108 1,224 222,500 SH DEFINED 1, 2 222,500
U S AIRWAYS GROUP INC COM 90341W108 36 6,600 SH SOLE NONE 6,600
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 375 14,624 SH SOLE NONE 14,624
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 3,848 150,000 SH DEFINED 3, 4 150,000
WALTER ENERGY INC COM 93317Q105 600 10,000 SH DEFINED 3, 4 10,000
WALTER INVT MGMT CORP COM 93317W102 84 3,652 SH DEFINED 3, 4 3,652
WESTERN DIGITAL CORP COM 958102105 774 30,081 SH SOLE NONE 30,081
WESTERN DIGITAL CORP COM 958102105 7,973 310,000 SH DEFINED 3, 4 310,000
YAHOO INC COM 984332106 913 69,379 SH SOLE NONE 69,379
YAHOO INC COM 984332106 5,396 410,016 SH DEFINED 1, 2 410,016
YAHOO INC COM 984332106 7,896 600,000 SH DEFINED 3, 4 600,000
YAHOO INC COM 984332106 1,263 96,000 PUT DEFINED 1, 2 96,000
YAHOO INC COM 984332106 37 2,800 PUT SOLE NONE 2,800
SK 03773 0003 1238106