13F-HR 1 d1096110_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, 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 MARCH 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 MAY 14, 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 MARCH 31, 2010 MARKET VALUES, IN THIS REPORT. 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 14, 2010 ------------------------ ------------------------- -------------------- [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: 0 Form 13F Information Table Entry Total: 99 Form 13F Information Table Value Total: $379,262 (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 ---- ------------------- ------------------------------ FORM 13F INFORMATION TABLE Harbert Management Corporation March 31, 2010
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVST OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRTN MNGRS SOLE SHARED NONE 3COM CORP COM 885535104 408 53,000 SH SOLE NONE 53,000 3COM CORP COM 885535104 1,941 252,400 PUT SOLE NONE 252,400 AIRGAS INC COM 009363102 528 8,300 PUT SOLE NONE 8,300 AIRGAS INC COM 009363102 2,093 32,900 CALL SOLE NONE 32,900 AIRGAS INC COM 009363102 1,591 25,000 SH SOLE NONE 25,000 ALEXANDER & BALDWIN INC COM 014482103 5,949 180,000 SH SOLE NONE 180,000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,482 80,000 SH SOLE NONE 80,000 AMR CORP COM 001765106 2,733 300,000 CALL SOLE NONE 300,000 AMR CORP COM 001765106 911 100,000 SH SOLE NONE 100,000 ASCENT MEDIA CORP COM SER A 043632108 3,406 125,000 SH SOLE NONE 125,000 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 6,056 210,000 SH SOLE NONE 210,000 BANKS COM INC COM 066470105 42 97,500 SH SOLE NONE 97,500 BLOCK H & R INC COM 093671105 7,138 401,000 CALL SOLE NONE 401,000 BRINKS CO COM 109696104 331 5,000 SH SOLE NONE 5,000 BRINKS HOME SEC HLDGS INC COM 109699108 6,595 155,000 SH SOLE NONE 155,000 BRINKS HOME SEC HLDGS INC COM 109699108 894 21,000 PUT SOLE NONE 21,000 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 7,590 355,000 SH SOLE NONE 355,000 BUNGE LIMITED COM G16962105 1,233 20,000 PUT SOLE NONE 20,000 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 2,414 100,000 CALL SOLE NONE 100,000 CBS CORP NEW CL B 124857202 488 35,000 SH SOLE NONE 35,000 CIT GROUP INC COM NEW 125581801 6,623 170,000 SH SOLE NONE 170,000 CITIGROUP INC COM 172967101 3,038 750,000 PUT SOLE NONE 750,000 CITIGROUP INC COM 172967101 425 105,000 CALL SOLE NONE 105,000 CKE RESTAURANTS INC COM 12561E105 3,321 300,000 SH SOLE NONE 300,000 CLEARWATER PAPER CORP COM 18538R103 605 12,286 SH SOLE NONE 12,286 COMCAST CORP NEW CL A SPL 20030N200 2,504 139,348 SH SOLE NONE 139,348 COMFORT SYS USA INC COM 199908104 1,624 130,000 SH SOLE NONE 130,000 CONTANGO OIL & GAS COMPANY COM NEW 21075N204 6,138 120,000 SH SOLE NONE 120,000 CONVERGYS CORP COM 212485106 613 50,000 SH SOLE NONE 50,000 DENBURY RES INC COM 247916208 422 25,000 SH SOLE NONE 25,000 DENBURY RES INC COM 247916208 2,109 125,000 CALL SOLE NONE 125,000 DOLE FOOD CO INC NEW COM 256603101 474 40,000 PUT SOLE NONE 40,000 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 803 25,000 SH SOLE NONE 25,000 DONNELLEY R R & SONS CO COM 257867101 427 20,000 SH SOLE NONE 20,000 DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,110 60,000 SH SOLE NONE 60,000 EARTHLINK INC COM 270321102 1,068 125,000 SH SOLE NONE 125,000 ECHOSTAR CORP CL A 278768106 771 38,000 SH SOLE NONE 38,000 FACET BIOTECH CORP SHS 30303Q103 2,024 75,000 SH SOLE NONE 75,000 FIDELITY NATIONAL FINANCIAL CL A 31620R105 2,964 200,000 SH SOLE NONE 200,000 FIRST AMERN CORP CALIF COM 318522307 6,091 180,000 SH SOLE NONE 180,000 FIRST AMERN CORP CALIF COM 318522307 3,384 100,000 CALL SOLE NONE 100,000 FIRSTENERGY CORP COM 337932107 1,306 33,400 SH SOLE NONE 33,400 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 5,400 116,500 PRN SOLE NONE 116,500 FORD MTR CO DEL COM PAR $0.01 345370860 591 47,000 PUT SOLE NONE 47,000 GLOBAL INDS LTD DBCV 2.750% 8/0 379336AE0 3,238 5,000,000 PRN SOLE NONE 5,000,000 GLOBAL INDS LTD COM 379336100 2,022 315,000 SH SOLE NONE 315,000 GOODRICH PETE CORP COM 382410405 313 20,000 PUT SOLE NONE 20,000 HERSHEY CO COM 427866108 55,653 1,300,000 CALL SOLE NONE 1,300,000 HSN INC COM 404303109 294 10,000 SH SOLE NONE 10,000 HSN INC COM 404303109 1,914 65,000 CALL SOLE NONE 65,000 HUBBELL INC CL B 443510201 1,730 34,300 SH SOLE NONE 34,300 HUDSON CITY BANCORP COM 443683107 1,771 125,000 CALL SOLE NONE 125,000 ISHARES TR INDEX BARCLYS 1-3 YR 464287457 8,337 100,000 PUT SOLE NONE 100,000 ITT EDUCATIONAL SERVICES INC COM 45068B109 7,874 70,000 PUT SOLE NONE 70,000 JACKSON HEWITT TAX SVCS INC COM 468202106 200 100,000 PUT SOLE NONE 100,000 JOHN BEAN TECHNOLOGIES CORP COM 477839104 409 23,300 SH SOLE NONE 23,300 LIBERTY ACQUISITION HLDGS CO COM 53015Y107 676 68,400 SH SOLE NONE 68,400 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 6,256 172,000 SH SOLE NONE 172,000 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 6,966 455,000 SH SOLE NONE 455,000 LOEWS CORP COM 540424108 5,704 153,000 SH SOLE NONE 153,000 LORILLARD INC COM 544147101 16,312 216,800 PUT SOLE NONE 216,800 LOUISIANA PAC CORP COM 546347105 1,190 131,500 SH SOLE NONE 131,500 MCMORAN EXPLORATION CO COM 582411104 951 65,000 PUT SOLE NONE 65,000 MCMORAN EXPLORATION CO PFD MAND CNV 582411500 14,764 138,300 SH SOLE NONE 138,300 MERCURY COMPUTER SYS COM 589378108 1,729 126,000 SH SOLE NONE 126,000 METROPCS COMMUNICATIONS INC COM 591708102 1,062 150,000 SH SOLE NONE 150,000 MICROSOFT CORP COM 594918104 5,561 190,000 SH SOLE NONE 190,000 MUELLER WTR PRODS INC COM SER A 624758108 234 49,000 SH SOLE NONE 49,000 MYLAN INC PFD CONV 628530206 25,000 18,335 SH SOLE NONE 18,335 MYLAN INC COM 628530107 1,136 50,000 PUT SOLE NONE 50,000 NABORS INDUSTRIES LTD SHS G6359F103 393 20,000 SH SOLE NONE 20,000 NET SERVICOS DE COMUNICACAO SPONSD ADR NEW 64109T201 648 50,000 SH SOLE NONE 50,000 NEWS CORP CL A 65248E104 756 52,438 SH SOLE NONE 52,438 NOVELL INC COM 670006105 5,990 500,000 SH SOLE NONE 500,000 NOVELL INC COM 670006105 328 54,800 CALL SOLE NONE 54,800 OIL STS INTL INC COM 678026105 4,761 105,000 SH SOLE NONE 105,000 OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 9,166 222,195 SH SOLE NONE 222,195 PFIZER INC COM 717081103 4,802 280,000 SH SOLE NONE 280,000 PICO HLDGS INC COM NEW 693366205 1,674 45,000 SH SOLE NONE 45,000 PLATINUM UNDERWRITER HLDGS L COM G7127P100 5,562 150,000 SH SOLE NONE 150,000 POTLATCH CORP NEW COM 737630103 1,507 43,000 SH SOLE NONE 43,000 PRIDE INTL INC DEL COM 74153Q102 376 12,500 SH SOLE NONE 12,500 PRIDE INTL INC DEL COM 74153Q102 2,797 92,900 CALL SOLE NONE 92,900 QUANTA SVCS INC COM 74762E102 671 35,000 CALL SOLE NONE 35,000 RADIOSHACK CORP COM 750438103 4,300 190,000 SH SOLE NONE 190,000 RADIOSHACK CORP COM 750438103 7,941 350,900 CALL SOLE NONE 350,900 SAFETY INS GROUP INC COM 78648T100 9,041 240,000 SH SOLE NONE 240,000 SARA LEE CORP COM 803111103 3,065 220,000 SH SOLE NONE 220,000 SCHLUMBERGER LTD COM 806857108 6,573 103,570 SH SOLE NONE 103,570 SEABRIDGE GOLD INC COM 811916105 1,827 75,000 PUT SOLE NONE 75,000 SKILLSOFT PLC SPONSORED ADR 830928107 5,160 500,000 SH SOLE NONE 500,000 SLM CORP COM 78442P106 1,753 140,000 PUT SOLE NONE 140,000 TELEPHONE & DATA SYS INC SPL COM 879433860 1,088 36,453 SH SOLE NONE 36,453 TERRA INDS INC COM 880915103 2,288 50,000 CALL SOLE NONE 50,000 VALE S A ADR 91912E105 9,657 300,000 PUT SOLE NONE 300,000 VOLT INFORMATION SCIENCES IN COM 928703107 1,435 140,500 SH SOLE NONE 140,500 WALTER ENERGY INC COM 93317Q105 923 10,000 SH SOLE NONE 10,000 WALTER INVT MGMT CORP COM 93317W102 4,138 258,652 SH SOLE NONE 258,652 XTO ENERGY INC COM 98385X106 698 14,800 SH SOLE NONE 14,800
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