13F-HR 1 form13fhr.txt POLAR SECURITIES INC. 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, 2007 ------------------------ Check here if Amendment [ ]; Amendment Number: ----- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Polar Securities Inc. -------------------------------------------------- Address: 372 Bay Street, 21st Floor -------------------------------------------------- Toronto, Ontario M5H 2N9 -------------------------------------------------- Canada -------------------------------------------------- Form 13F File Number: 028-12489 ------------------ 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. Person Signing this Report on Behalf of Reporting Manager: Name: Robyn Schultz -------------------------------------------------- Title: Chief Compliance Officer -------------------------------------------------- Phone: 416-369-4453 -------------------------------------------------- Signature, Place, and Date of Signing: /s/ Robyn Schultz Toronto, Ontario Canada 11/14/07 ------------------------ ------------------------------ ---------- 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 manager(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).) Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 143 ------------- Form 13F Information Table Value Total: $511,334 ------------- (thousands) List of Other Included Managers: NONE 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. NONE
FORM 13F INFORMATION TABLE 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 ABITIBI-CONSOLIDATED INC COM 003924107 424 242,000 SH PUT SOLE 242,000 ALDABRA 2 ACQUISITION CORP COM 01408A103 3,931 427,700 SH SOLE 427,700 ALPHA SEC GROUP CORP *W EXP 03/23/201 02078A118 104 100,000 SH SOLE 100,000 ALPHA SEC GROUP CORP COM 02078A100 2,617 282,000 SH SOLE 282,000 ALTERNATIVE ASSET MGMT ACQU *W EXP 08/01/201 02149U119 157 177,000 SH SOLE 177,000 ALTERNATIVE ASSET MGMT ACQU COM 02149U101 5,248 595,000 SH SOLE 595,000 ALYST ACQUISTION CORP *W EXP 06/28/201 02263A113 214 289,000 SH SOLE 289,000 ALYST ACQUISTION CORP COM 02263A105 2,624 364,000 SH SOLE 364,000 AMERICREDIT CORP NOTE 1.750%11/1 03060RAM3 8,554 8,000,000 PRN SOLE 8,000,000 APEX BIOVENTURES ACQ CORP COM 03753Q105 2,887 402,079 SH SOLE 402,079 ARENA PHARMACEUTICALS INC COM 040047102 219 20,000 SH CALL SOLE 20,000 ARENA PHARMACEUTICALS INC COM 040047102 219 20,000 SH PUT SOLE 20,000 ATHEROGENICS INC COM 047439104 113 68,000 SH CALL SOLE 68,000 ATHEROGENICS INC COM 047439104 49 29,300 SH PUT SOLE 29,300 BANK MONTREAL QUE COM 063671101 129 2,000 SH PUT SOLE 2,000 BANK NOVA SCOTIA HALIFAX COM 064149107 3,636 70,000 SH PUT SOLE 70,000 BCE INC COM NEW 05534B760 1,766 44,000 SH SOLE 44,000 BCE INC COM NEW 05534B760 6,759 170,400 SH CALL SOLE 170,400 BIRCH MTN RES LTD COM 09066X109 2 1,000 SH PUT SOLE 1,000 CALGON CARBON CORP COM 129603106 3,860 276,500 SH SOLE 276,500 CARNIVAL CORP PAIRED CTF 143658300 4,950 102,200 SH SOLE 102,200 CDN IMPERIAL BK OF COMMERCE COM 136069101 3,457 35,000 SH PUT SOLE 35,000 CHEESECAKE FACTORY INC COM 163072101 3,185 135,700 SH SOLE 135,700 CHILDRENS PL RETAIL STORES I COM 168905107 12,175 501,445 SH SOLE 501,445 CHINA HEALTHCARE ACQ CORP COM 16939Q104 2,090 366,700 SH SOLE 366,700 CHINA HEALTHCARE ACQ CORP *W EXP 04/18/201 16939Q112 241 588,200 SH SOLE 588,200 CHURCHILL VENTURES LTD *W EXP 03/01/201 17157P117 40 50,000 SH SOLE 50,000 CHURCHILL VENTURES LTD COM 17157P109 2,261 295,200 SH SOLE 295,200 CIRRUS LOGIC INC COM 172755100 4,387 685,450 SH SOLE 685,450 CLEARPOINT BUSINESS RES INC COM 185061108 3,019 756,600 SH SOLE 756,600 COCA COLA CO COM 191216100 4,313 75,050 SH SOLE 75,050 COCA COLA CO COM 191216100 8,626 150,100 SH PUT SOLE 150,100 COLUMBUS ACQUISITION CORP *W EXP 05/18/201 198851115 106 125,400 SH SOLE 125,400 COLUMBUS ACQUISITION CORP COM 198851107 2,721 369,200 SH SOLE 369,200 COMCAST CORP NEW CL A SPL 20030N200 11,645 486,000 SH SOLE 486,000 COMMUNITY BANKERS ACQUISITN *W EXP 06/04/201 20361R119 62 112,100 SH SOLE 112,100 COMMUNITY BANKERS ACQUISITN COM 20361R101 2,595 352,600 SH SOLE 352,600 COSAN LTD SHS A G25343107 645 50,000 SH SOLE 50,000 COTT CORP QUE COM 22163N106 581 74,000 SH PUT SOLE 74,000 CRYSTALLEX INTL CORP COM 22942F101 2,854 900,263 SH SOLE 900,263 DEKANIA CORP COM 24488U104 1,947 202,800 SH SOLE 202,800 DRESS BARN INC NOTE 2.500%12/1 261570AB1 8,502 4,900,000 PRN SOLE 4,900,000 DRYSHIPS INC SHS Y2109Q101 4,542 50,000 SH CALL SOLE 50,000 EDO CORP COM 281347104 5,769 103,000 SH SOLE 103,000 ENERGY INFRASTRUCTURE ACQUI COM 29269P109 5,995 609,900 SH SOLE 609,900 ENERGY SVCS ACQUISITION CORP COM 29271Q103 2,143 381,300 SH SOLE 381,300 ENERNOC INC COM 292764107 611 16,000 SH SOLE 16,000 FIRST ADVANTAGE CORP CL A 31845F100 5,691 322,047 SH SOLE 322,047 GENERAL FINANCE CORP *W EXP 04/05/201 369822119 65 29,300 SH SOLE 29,300 GENEVA ACQUISITION CORP COM 37185Y104 1,104 198,600 SH SOLE 198,600 GENEVA ACQUISITION CORP *W EXP 02/12/201 37185Y112 118 324,600 SH SOLE 324,600 GLOBAL LOGISTICS ACQUISITION COM 379414105 1,288 166,200 SH SOLE 166,200 GOLDEN STAR RES LTD CDA COM 38119T104 1,646 406,500 SH SOLE 406,500 GRAINGER W W INC COM 384802104 6,557 71,900 SH SOLE 71,900 GRANAHAN MCCOURT ACQ CORP *W EXP 10/18/201 385034111 246 328,400 SH SOLE 328,400 GRANAHAN MCCOURT ACQ CORP COM 385034103 1,421 184,100 SH SOLE 184,100 GREAT ATLANTIC & PAC TEA INC COM 390064103 6,249 205,146 SH SOLE 205,146 GRUBB&ELLIS RLTY ADVISORS IN *W EXP 02/27/201 400096111 45 165,400 SH SOLE 165,400 GRUBB&ELLIS RLTY ADVISORS IN COM 400096103 2,530 427,300 SH SOLE 427,300 GSC ACQUISITION COMPANY COM 40053G106 3,092 335,700 SH SOLE 335,700 HARBOR ACQUISITION CORPORATI *W EXP 04/25/201 41145X115 98 410,000 SH SOLE 410,000 HARBOR ACQUISITION CORPORATI COM 41145X107 3,999 714,100 SH SOLE 714,100 HD PARTNERS ACQUISITION CORP *W EXP 06/01/201 40415K118 137 199,100 SH SOLE 199,100 HD PARTNERS ACQUISITION CORP COM 40415K100 3,796 502,800 SH SOLE 502,800 HUNT J B TRANS SVCS INC COM 445658107 9,799 372,600 SH SOLE 372,600 IMAX CORP COM 45245E109 571 136,000 SH PUT SOLE 136,000 IMPAC MTG HLDGS INC COM 45254P102 269 174,400 SH PUT SOLE 174,400 INDIA GLOBALIZATION CAP INC COM 45408X100 3,535 604,200 SH SOLE 604,200 INFORMATION SERVICES GROUP I *W EXP 01/31/201 45675Y112 61 85,600 SH SOLE 85,600 INFORMATION SERVICES GROUP I COM 45675Y104 778 101,738 SH SOLE 101,738 INTERPUBLIC GROUP COS INC COM 460690100 13,821 1,331,500 SH SOLE 1,331,500 ISHARES TR NYSE 100INX FD 464287135 8,004 100,000 SH PUT SOLE 100,000 JK ACQUISITION CORP *W EXP 04/10/201 47759H114 118 311,364 SH SOLE 311,364 JK ACQUISITION CORP COM 47759H106 4,540 766,867 SH SOLE 766,867 JOHNSON & JOHNSON COM 478160104 3,285 50,000 SH SOLE 50,000 JOHNSON & JOHNSON COM 478160104 6,570 100,000 SH PUT SOLE 100,000 KBL HEALTHCARE ACQUIS CORP I COM 48241N107 3,820 530,600 SH SOLE 530,600 KOHLS CORP COM 500255104 10,308 179,800 SH SOLE 179,800 MARATHON ACQUISITION CORP COM 565756103 110 14,000 SH SOLE 14,000 MBF HEALTHCARE ACQUISITION C *W EXP 04/16/201 552650111 218 278,000 SH SOLE 278,000 MBF HEALTHCARE ACQUISITION C COM 552650103 4,008 528,000 SH SOLE 528,000 MEDIA & ENTMT HOLDINGS INC COM 58439W108 370 50,000 SH SOLE 50,000 MEDIA & ENTMT HOLDINGS INC *W EXP 03/09/201 58439W116 127 139,500 SH SOLE 139,500 MILLENNIUM INDIA ACQS COM IN *W EXP 07/19/201 60039Q119 3 8,150 SH SOLE 8,150 MILLENNIUM INDIA ACQS COM IN COM 60039Q101 2,168 287,950 SH SOLE 287,950 MINDSPEED TECHNOLOGIES INC COM 602682106 6,016 3,477,658 SH SOLE 3,477,658 NAVIOS MARITIME HOLDINGS INC *W EXP 12/09/200 Y62196111 520 63,803 SH SOLE 63,803 NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 3,217 118,400 SH SOLE 118,400 NET 1 UEPS TECHNOLOGIES INC COM 64107N206 1,359 50,000 SH PUT SOLE 50,000 NEUROCHEM INC COM 64125K101 101 36,500 SH CALL SOLE 36,500 NORTH AMERN INS LEADERS INC *W EXP 03/21/201 65687M112 25 40,500 SH SOLE 40,500 NORTH AMERN INS LEADERS INC COM 65687M104 3,840 498,637 SH SOLE 498,637 NORTHERN ORION RES INC COM 665575106 6,157 979,300 SH SOLE 979,300 NTR ACQUISITION CO COM 629415100 2,828 298,300 SH SOLE 298,300 NUCOR CORP COM 670346105 11,061 186,000 SH SOLE 186,000 O2MICRO INTERNATIONAL LTD SPONS ADR 67107W100 7,418 479,500 SH SOLE 479,500 OCEANAUT INC COM 675227102 2,179 270,700 SH SOLE 270,700 OFFICE DEPOT INC COM 676220106 8,895 431,400 SH SOLE 431,400 ORTHOFIX INTL N V COM N6748L102 13,775 281,300 SH SOLE 281,300 PAN AMERICAN SILVER CORP COM 697900108 1,289 44,600 SH SOLE 44,600 PARAMOUNT GOLD & SILVER CORP COM 69924P102 261 100,000 SH SOLE 100,000 PHARMACEUTICAL PROD DEV INC COM 717124101 10,111 285,300 SH SOLE 285,300 PROGRESSIVE GAMING INTL CORP COM 74332S102 5,648 1,129,500 SH SOLE 1,129,500 RAM ENERGY RESOURCES INC *W EXP 05/11/200 75130P117 352 690,000 SH SOLE 690,000 RED ROBIN GOURMET BURGERS IN COM 75689M101 10,172 237,107 SH SOLE 237,107 RENAISSANCE ACQUISITION CORP COM 75966C305 1,108 200,000 SH SOLE 200,000 REPUBLIC SVCS INC COM 760759100 6,662 203,655 SH SOLE 203,655 RESOURCES CONNECTION INC COM 76122Q105 3,304 142,731 SH SOLE 142,731 ROBERT HALF INTL INC COM 770323103 9,340 312,800 SH SOLE 312,800 ROYAL BK CDA MONTREAL QUE COM 780087102 7,662 140,000 SH PUT SOLE 140,000 SANDERSON FARMS INC COM 800013104 5,755 138,100 SH SOLE 138,100 SANTA MONICA MEDIA CORP COM 802501106 996 130,000 SH SOLE 130,000 SANTA MONICA MEDIA CORP *W EXP 03/27/201 802501114 88 130,000 SH SOLE 130,000 SCOPUS VIDEO NETWORKS LTD SHS M8260H106 4,212 797,744 SH SOLE 797,744 SIRIUS SATELLITE RADIO INC NOTE 3.250%10/1 82966UAD5 1,917 2,000,000 PRN SOLE 2,000,000 SMART BALANCE INC *W EXP 12/30/200 83169Y116 716 112,800 SH SOLE 112,800 SPDR TR UNIT SER 1 78462F103 7,629 50,000 SH PUT SOLE 50,000 STONELEIGH PARTNERS ACQUS CO COM 861923100 2,889 387,800 SH SOLE 387,800 SYMANTEC CORP COM 871503108 7,640 394,200 SH SOLE 394,200 TAILWIND FINL INC *W EXP 04/11/201 874023112 141 200,000 SH SOLE 200,000 TAILWIND FINL INC COM 874023104 2,646 350,000 SH SOLE 350,000 TEXAS ROADHOUSE INC CL A 882681109 2,659 227,300 SH SOLE 227,300 TITAN INTL INC ILL COM 88830M102 6,911 216,500 SH SOLE 216,500 TNS INC COM 872960109 3,499 217,900 SH SOLE 217,900 TORONTO DOMINION BK ONT COM NEW 891160509 5,310 70,000 SH PUT SOLE 70,000 TRANSCANADA CORP COM 89353D107 73 2,000 SH PUT SOLE 2,000 TRANS-INDIA ACQUISITION CORP *W EXP 02/08/201 893237115 20 21,700 SH SOLE 21,700 TRANS-INDIA ACQUISITION CORP COM 893237107 1,539 208,500 SH SOLE 208,500 TRUE RELIGION APPAREL INC COM 89784N104 4,767 270,870 SH SOLE 270,870 UNION STREET ACQ CORP *W EXP 02/05/201 908536113 162 240,200 SH SOLE 240,200 UNION STREET ACQ CORP COM 908536105 2,698 353,600 SH SOLE 353,600 USA TRUCK INC COM 902925106 2,876 188,600 SH SOLE 188,600 UTI WORLDWIDE INC ORD G87210103 7,344 319,600 SH SOLE 319,600 VALERO ENERGY CORP NEW COM 91913Y100 1,512 22,500 SH PUT SOLE 22,500 VANTAGE ENERGY SERVICES INC *W EXP 99/99/999 92209F110 321 297,000 SH SOLE 297,000 VANTAGE ENERGY SERVICES INC COM 92209F102 2,253 300,000 SH SOLE 300,000 VARIAN MED SYS INC COM 92220P105 6,292 150,200 SH SOLE 150,200 VIACOM INC NEW CL B 92553P201 11,886 305,000 SH SOLE 305,000 WESTERN UN CO COM 959802109 11,534 550,000 SH SOLE 550,000 WRIGHT MED GROUP INC COM 98235T107 7,236 269,800 SH SOLE 269,800 YAHOO INC COM 984332106 15,300 570,000 SH SOLE 570,000 YAMANA GOLD INC COM 98462Y100 5,598 473,630 SH SOLE 473,630 YM BIOSCIENCES INC COM 984238105 76 50,000 SH SOLE 50,000