13F-HR 1 d1145212_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, 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 SEPTEMBER 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 SEPTEMBER 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 SEPTEMBER 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 ADMINISTRATOR. 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 November 15, 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: 101 Form 13F Information Table Value Total: $614,057 (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 September 30, 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 MANAGERS SOLE SHARED NONE ---------------------------- -------------- --------- -------- -------- --- ---- ---------- -------- ------- ------ ---- ALBERTO CULVER CO NEW COM 013078100 1,883 50,000 SH SOLE NONE 50,000 ALEXANDER & BALDWIN INC COM 014482103 5,749 165,000 SH SOLE NONE 165,000 ALLIS CHALMERS ENERGY INC COM PAR $.01NW 019645506 1,095 262,500 SH SOLE NONE 262,500 ALLIS CHALMERS ENERGY INC COM PAR $.01NW 019645506 239 57,400 CALL SOLE NONE 57,400 AMAZON COM INC COM 023135106 2,356 15,000 PUT SOLE NONE 15,000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 1,197 80,000 SH SOLE NONE 80,000 AMERICREDIT CORP COM 03060R101 514 21,000 PUT SOLE NONE 21,000 AMR CORP COM 001765106 627 100,000 SH SOLE NONE 100,000 APACHE CORP COM 037411105 3,740 38,260 SH SOLE NONE 38,260 ASCENT MEDIA CORP COM SER A 043632108 3,339 125,000 SH SOLE NONE 125,000 ASPEN INSURANCE HOLDINGS LTD SHS G05384105 7,570 250,000 SH SOLE NONE 250,000 BABCOCK & WILCOX CO NEW COM 05615F102 213 10,000 SH SOLE NONE 10,000 BANKS COM INC COM 066470105 29 97,500 SH SOLE NONE 97,500 BJS WHOLESALE CLUB INC COM 05548J106 1,245 30,000 SH SOLE NONE 30,000 BP PLC SPONSORED ADR 055622104 8,234 200,000 SH SOLE NONE 200,000 BP PLC SPONSORED ADR 055622104 22,273 541,000 CALL SOLE NONE 541,000 BP PLC SPONSORED ADR 055622104 4,117 100,000 PUT SOLE NONE 100,000 BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,830 80,000 SH SOLE NONE 80,000 BRUNSWICK CORP COM 117043109 4,186 275,000 SH SOLE NONE 275,000 BURGER KING HLDGS INC COM 121208201 8,358 350,000 SH SOLE NONE 350,000 CATERPILLAR INC DEL COM 149123101 5,901 75,000 PUT SOLE NONE 75,000 CBS CORP NEW CL B 124857202 555 35,000 SH SOLE NONE 35,000 CEMEX SAB DE CV SPON ADR NEW 151290889 2,550 300,000 SH SOLE NONE 300,000 CIT GROUP INC COM NEW 125581801 8,980 220,000 SH SOLE NONE 220,000 CLEARWATER PAPER CORP COM 18538R103 935 12,286 SH SOLE NONE 12,286 COMPUTER SCIENCES CORP COM 205363104 9,890 215,000 SH SOLE NONE 215,000 CONTANGO OIL & GAS COMPANY COM NEW 21075N204 4,514 90,000 SH SOLE NONE 90,000 CONVERGYS CORP COM 212485106 3,658 350,000 SH SOLE NONE 350,000 CORELOGIC INC COM 21871D103 3,305 172,500 SH SOLE NONE 172,500 DG FASTCHANNEL INC COM 23326R109 218 10,000 CALL SOLE NONE 10,000 DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 4,392 115,000 SH SOLE NONE 115,000 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 9,401 187,500 CALL SOLE NONE 187,500 DOLLAR THRIFTY AUTOMOTIVE GP COM 256743105 12,535 250,000 PUT SOLE NONE 250,000 DONNELLEY R R & SONS CO COM 257867101 339 20,000 SH SOLE NONE 20,000 DR PEPPER SNAPPLE GROUP INC COM 26138E109 2,131 60,000 SH SOLE NONE 60,000 DRYSHIPS INC SHS Y2109Q101 962 200,000 CALL SOLE NONE 200,000 EARTHLINK INC COM 270321102 1,136 125,000 SH SOLE NONE 125,000 ECHOSTAR CORP CL A 278768106 725 38,000 SH SOLE NONE 38,000 ENZON PHARMACEUTICALS INC COM 293904108 3,656 325,000 SH SOLE NONE 325,000 EXXON MOBIL CORP COM 30231G102 6,179 100,000 CALL SOLE NONE 100,000 FIRST AMERN FINL CORP COM 31847R102 1,718 115,000 SH SOLE NONE 115,000 FIRSTENERGY CORP COM 337932107 1,287 33,400 SH SOLE NONE 33,400 GENZYME CORP COM 372917104 7,787 110,000 SH SOLE NONE 110,000 GENZYME CORP COM 372917104 14,158 200,000 CALL SOLE NONE 200,000 GLG PARTNERS INC *W EXP 12/28/201 37929X115 150 1,191,000 SH SOLE NONE 1,191,000 GLOBAL INDS LTD COM 379336100 1,723 315,000 SH SOLE NONE 315,000 GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 763 50,000 SH SOLE NONE 50,000 HERTZ GLOBAL HOLDINGS INC COM 42805T105 1,589 150,000 SH SOLE NONE 150,000 HEWITT ASSOCS INC COM 42822Q100 3,278 65,000 SH SOLE NONE 65,000 HEWLETT PACKARD CO COM 428236103 14,725 350,000 SH SOLE NONE 350,000 HEWLETT PACKARD CO COM 428236103 14,725 350,000 PUT SOLE NONE 350,000 HSN INC COM 404303109 598 20,000 CALL SOLE NONE 20,000 HUBBELL INC CL B 443510201 726 14,300 SH SOLE NONE 14,300 JOHN BEAN TECHNOLOGIES CORP COM 477839104 375 23,300 SH SOLE NONE 23,300 JOHNSON & JOHNSON COM 478160104 7,435 120,000 SH SOLE NONE 120,000 LIBERTY ACQUISITION HLDGS CO COM 53015Y107 2,573 250,000 SH SOLE NONE 250,000 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 8,500 620,000 SH SOLE NONE 620,000 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 364 7,000 SH SOLE NONE 7,000 LOEWS CORP COM 540424108 5,685 150,000 SH SOLE NONE 150,000 LOUISIANA PAC CORP COM 546347105 995 131,500 SH SOLE NONE 131,500 MADISON SQUARE GARDEN INC CL A 55826P100 3,162 150,000 SH SOLE NONE 150,000 MAGNA INTL INC COM 559222401 1,851 22,500 SH SOLE NONE 22,500 MAGNA INTL INC COM 559222401 699 8,500 CALL SOLE NONE 8,500 MARATHON OIL CORP COM 565849106 6,620 200,000 SH SOLE NONE 200,000 MCAFEE INC COM 579064106 5,421 114,702 SH SOLE NONE 114,702 MCAFEE INC COM 579064106 3,204 67,800 PUT SOLE NONE 67,800 MCAFEE INC COM 579064106 23,630 500,000 CALL SOLE NONE 500,000 MCDERMOTT INTL INC COM 580037109 1,848 125,000 SH SOLE NONE 125,000 MERCURY COMPUTER SYS COM 589378108 1,516 126,000 SH SOLE NONE 126,000 MGM RESORTS INTERNATIONAL COM 552953101 1,410 125,000 SH SOLE NONE 125,000 MICROSOFT CORP COM 594918104 7,347 300,000 SH SOLE NONE 300,000 MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 1,698 80,000 SH SOLE NONE 80,000 MONSTER WORLDWIDE INC COM 611742107 1,944 150,000 PUT SOLE NONE 150,000 MUELLER WTR PRODS INC COM SER A 624758108 148 49,000 SH SOLE NONE 49,000 NABORS INDUSTRIES LTD SHS G6359F103 361 20,000 SH SOLE NONE 20,000 NBTY INC COM 628782104 4,124 75,000 SH SOLE NONE 75,000 NETEZZA CORP COM 64111N101 2,695 100,000 SH SOLE NONE 100,000 NETFLIX INC COM 64110L106 3,243 20,000 PUT SOLE NONE 20,000 NOVELL INC COM 670006105 310 52,000 CALL SOLE NONE 52,000 PACTIV CORP COM 695257105 9,070 275,000 SH SOLE NONE 275,000 PFIZER INC COM 717081103 6,868 400,000 SH SOLE NONE 400,000 PICO HLDGS INC COM NEW 693366205 1,344 45,000 SH SOLE NONE 45,000 PLATINUM UNDERWRITER HLDGS L COM G7127P100 3,699 85,000 SH SOLE NONE 85,000 POPULAR INC COM 733174106 2,610 900,001 SH SOLE NONE 900,001 POTASH CORP SASK INC COM 73755L107 34,570 240,000 SH SOLE NONE 240,000 POTASH CORP SASK INC COM 73755L107 151,242 1,050,000 CALL SOLE NONE 1,050,000 POTASH CORP SASK INC COM 73755L107 36,010 250,000 PUT SOLE NONE 250,000 POTLATCH CORP NEW COM 737630103 1,462 43,000 SH SOLE NONE 43,000 PRIDE INTL INC DEL COM 74153Q102 736 25,000 SH SOLE NONE 25,000 PRIDE INTL INC DEL COM 74153Q102 4,415 150,000 CALL SOLE NONE 150,000 RADIOSHACK CORP COM 750438103 9,385 440,000 SH SOLE NONE 440,000 SAFETY INS GROUP INC COM 78648T100 8,404 200,000 SH SOLE NONE 200,000 SARA LEE CORP COM 803111103 3,022 225,000 SH SOLE NONE 225,000 SAVIENT PHARMACEUTICALS INC COM 80517Q100 5,031 220,000 SH SOLE NONE 220,000 SEABRIDGE GOLD INC COM 811916105 3,155 110,000 PUT SOLE NONE 110,000 SEADRILL LIMITED SHS G7945E105 725 25,000 PUT SOLE NONE 25,000 TELEPHONE & DATA SYS INC SPL COM 879433860 592 20,897 SH SOLE NONE 20,897 UNICA CORP COM 904583101 1,049 50,000 SH SOLE NONE 50,000 VOLT INFORMATION SCIENCES IN COM 928703107 1,620 225,000 SH SOLE NONE 225,000 WALTER ENERGY INC COM 93317Q105 813 10,000 SH SOLE NONE 10,000 WESTERN DIGITAL CORP COM 958102105 7,098 250,000 SH SOLE NONE 250,000
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