13F-HR 1 d1120086_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, 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 JUNE 30, 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 JUNE 30, 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 JUNE 30, 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 ADMINISTRATORS. WHEN FURTHER INFORMATION BECOMES AVAILABLE FROM LBIE'S ADMINISTRATORS CONFIRMING WHICH SECURITIES WERE REHYPOTHECATED AND WHICH WERE NOT, AND WHETHER THE REPORTING PERSON HAS RIGHTS TO ANY DERIVED ASSETS, 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 13, 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: $398,053 (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 June 30, 2010
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 (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- AIRGAS INC COM 009363102 4,665 75,000 SH SOLE NONE 75,000 ALEXANDER & BALDWIN INC COM 014482103 5,438 182,600 SH SOLE NONE 182,600 ALLSCRIPT MISYS HEALTCAR SOL COM 01988P108 403 25,000 CALL SOLE NONE 25,000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 940 80,000 SH SOLE NONE 80,000 AMR CORP COM 001765106 2,712 400,000 CALL SOLE NONE 400,000 AMR CORP COM 001765106 509 75,000 SH SOLE NONE 75,000 APACHE CORP COM 037411105 5,713 67,861 SH SOLE NONE 67,861 ASCENT MEDIA CORP COM SER A 043632108 3,158 125,000 SH SOLE NONE 125,000 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 7,669 310,000 SH SOLE NONE 310,000 BANKS COM INC COM 066470105 36 97,500 SH SOLE NONE 97,500 BP PLC SPONSORED ADR 055622104 4,332 150,000 SH SOLE NONE 150,000 BP PLC SPONSORED ADR 055622104 5,920 205,000 CALL SOLE NONE 205,000 BP PLC SPONSORED ADR 055622104 4,332 150,000 PUT SOLE NONE 150,000 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 7,715 405,000 SH SOLE NONE 405,000 BRUNSWICK CORP COM 117043109 2,983 240,000 SH SOLE NONE 240,000 CBS CORP NEW CL B 124857202 453 35,000 SH SOLE NONE 35,000 CIT GROUP INC COM NEW 125581801 6,095 180,000 SH SOLE NONE 180,000 CITIGROUP INC COM 172967101 395 105,000 CALL SOLE NONE 105,000 CLEARWATER PAPER CORP COM 18538R103 673 12,286 SH SOLE NONE 12,286 COMPUTER SCIENCES CORP COM 205363104 6,109 135,000 SH SOLE NONE 135,000 CONTANGO OIL & GAS COMPANY COM NEW 21075N204 4,698 104,983 SH SOLE NONE 104,983 CONVERGYS CORP COM 212485106 491 50,000 SH SOLE NONE 50,000 CORELOGIC INC COM 21871D103 2,890 163,640 SH SOLE NONE 163,640 DOLE FOOD CO INC NEW COM 256603101 261 25,000 PUT SOLE NONE 25,000 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 4,304 101,000 SH SOLE NONE 101,000 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 8,522 200,000 CALL SOLE NONE 200,000 DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,243 60,000 SH SOLE NONE 60,000 EARTHLINK INC COM 270321102 995 125,000 SH SOLE NONE 125,000 ECHOSTAR CORP CL A 278768106 725 38,000 SH SOLE NONE 38,000 FIDELITY NATIONAL FINANCIAL CL A 31620R105 2,078 160,000 SH SOLE NONE 160,000 FIDELITY NATL INFORMATION SV COM 31620M106 5,766 215,000 SH SOLE NONE 215,000 FIDELITY NATL INFORMATION SV COM 31620M106 4,833 180,200 CALL SOLE NONE 180,200 FIRST AMERN FINL CORP COM 31847R102 1,458 115,000 SH SOLE NONE 115,000 FIRSTENERGY CORP COM 337932107 1,177 33,400 SH SOLE NONE 33,400 FORD MTR CO CAP TR II PFD TR CV6.5% 345395206 3,547 80,500 PRN SOLE NONE 80,500 GAFISA S A SPONS ADR 362607301 666 55,000 SH SOLE NONE 55,000 GERDAU AMERISTEEL CORP COM 37373P105 1,090 100,000 SH SOLE NONE 100,000 GLOBAL INDS LTD DBCV 2.750% 8/0 379336AE0 598 1,000,000 PRN SOLE NONE 1,000,000 GLOBAL INDS LTD COM 379336100 1,414 315,000 SH SOLE NONE 315,000 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 2,693 250,000 CALL SOLE NONE 250,000 HERSHEY CO COM 427866108 4,793 100,000 CALL SOLE NONE 100,000 HSN INC COM 404303109 662 27,600 CALL SOLE NONE 27,600 HUBBELL INC CL B 443510201 568 14,300 SH SOLE NONE 14,300 ISHARES TR INDEX BARCLYS 1-3 YR 464287457 16,824 200,000 PUT SOLE NONE 200,000 ISHARES TR INDEX MSCI EMERG MKT 464287234 74,640 2,000,000 CALL SOLE NONE 2,000,000 JOHN BEAN TECHNOLOGIES CORP COM 477839104 355 23,300 SH SOLE NONE 23,300 JOHNSON & JOHNSON COM 478160104 5,906 100,000 SH SOLE NONE 100,000 JPMORGAN CHASE & CO COM 46625H100 3,661 100,000 SH SOLE NONE 100,000 KANSAS CITY SOUTHERN COM NEW 485170302 2,363 65,000 PUT SOLE NONE 65,000 LIBERTY ACQUISITION HLDGS CO COM 53015Y107 2,527 255,000 SH SOLE NONE 255,000 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 1,580 37,700 SH SOLE NONE 37,700 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 1,260 120,000 SH SOLE NONE 120,000 LOEWS CORP COM 540424108 7,495 225,000 SH SOLE NONE 225,000 LOUISIANA PAC CORP COM 546347105 880 131,500 SH SOLE NONE 131,500 MADISON SQUARE GARDEN INC CL A 55826P100 2,951 150,000 SH SOLE NONE 150,000 MAGNA INTL INC CL A 559222401 1,979 30,000 SH SOLE NONE 30,000 MARATHON OIL CORP COM 565849106 4,819 155,000 SH SOLE NONE 155,000 MARINER ENERGY INC COM 56845T305 580 27,000 PUT SOLE NONE 27,000 MCDERMOTT INTL INC COM 580037109 866 40,000 SH SOLE NONE 40,000 MERCURY COMPUTER SYS COM 589378108 1,478 126,000 SH SOLE NONE 126,000 METROPCS COMMUNICATIONS INC COM 591708102 803 98,000 SH SOLE NONE 98,000 METROPCS COMMUNICATIONS INC COM 591708102 2,064 252,000 CALL SOLE NONE 252,000 MGM MIRAGE COM 552953101 482 50,000 SH SOLE NONE 50,000 MICROSOFT CORP COM 594918104 5,637 245,000 SH SOLE NONE 245,000 MCMORAN EXPLORATION CO PFD MAND CNV 582411500 9,514 108,100 SH SOLE NONE 108,100 MUELLER WTR PRODS INC COM SER A 624758108 182 49,000 SH SOLE NONE 49,000 NABORS INDUSTRIES LTD SHS G6359F103 264 15,000 SH SOLE NONE 15,000 NOVELL INC COM 670006105 7,411 1,304,800 SH SOLE NONE 1,304,800 NOVELL INC COM 670006105 577 101,600 SH CALL SOLE NONE 101,600 OIL STS INTL INC COM 678026105 910 23,000 SH SOLE NONE 23,000 OMNICARE CAP TR II PFD B TR 4.00% 68214Q200 6,922 192,630 PRN SOLE NONE 192,630 ORIENTAL FINL GROUP INC COM 68618W100 127 10,000 CALL SOLE NONE 10,000 PACTIV CORP COM 695257105 1,393 50,000 SH SOLE NONE 50,000 PACTIV CORP COM 695257105 1,451 52,100 CALL SOLE NONE 52,100 PFIZER INC COM 717081103 5,704 400,000 SH SOLE NONE 400,000 PHASE FORWARD INC COM 71721R406 2,168 130,000 SH SOLE NONE 130,000 PICO HLDGS INC COM NEW 693366205 1,349 45,000 SH SOLE NONE 45,000 PLATINUM UNDERWRITER HLDGS L COM G7127P100 4,257 117,300 SH SOLE NONE 117,300 POPULAR INC COM 733174106 2,680 1,000,000 SH SOLE NONE 1,000,000 POPULAR INC COM 733174106 2,974 1,109,700 CALL SOLE NONE 1,109,700 POTLATCH CORP NEW COM 737630103 1,536 43,000 SH SOLE NONE 43,000 PRIDE INTL INC DEL COM 74153Q102 447 20,000 SH SOLE NONE 20,000 PRIDE INTL INC DEL COM 74153Q102 1,117 50,000 CALL SOLE NONE 50,000 RADIOSHACK CORP COM 750438103 9,950 510,000 SH SOLE NONE 510,000 RADIOSHACK CORP COM 750438103 1,951 100,000 CALL SOLE NONE 100,000 DONNELLEY R R & SONS CO COM 257867101 327 20,000 SH SOLE NONE 20,000 SAFETY INS GROUP INC COM 78648T100 9,255 250,000 SH SOLE NONE 250,000 SANDRIDGE ENERGY INC COM 80007P307 1,042 178,700 CALL SOLE NONE 178,700 SARA LEE CORP COM 803111103 5,217 370,000 SH SOLE NONE 370,000 SEABRIDGE GOLD INC COM 811916105 3,405 110,000 PUT SOLE NONE 110,000 SLM CORP COM 78442P106 935 90,000 PUT SOLE NONE 90,000 SONICWALL INC COM 835470105 823 70,000 SH SOLE NONE 70,000 SPDR S&P 500 ETF TR UNIT SER 1 S&P, 78462F103 41,288 400,000 PUT SOLE NONE 400,000 TELEPHONE & DATA SYS INC SPL COM 879433860 566 21,315 SH SOLE NONE 21,315 U S AIRWAYS GROUP INC COM 90341W108 1,722 200,000 CALL SOLE NONE 200,000 VIMPELCOM LTD SPONSORED ADR 92719A106 2,832 175,000 SH SOLE NONE 175,000 VOLT INFORMATION SCIENCES IN COM 928703107 1,180 140,500 SH SOLE NONE 140,500 WALTER ENERGY INC COM 93317Q105 609 10,000 SH SOLE NONE 10,000 WENDYS ARBYS GROUP INC COM 950587105 100 25,000 SH SOLE NONE 25,000
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