0000902664-12-000761.txt : 20120515 0000902664-12-000761.hdr.sgml : 20120515 20120515113140 ACCESSION NUMBER: 0000902664-12-000761 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120515 DATE AS OF CHANGE: 20120515 EFFECTIVENESS DATE: 20120515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Polar Securities Inc. CENTRAL INDEX KEY: 0001326389 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12489 FILM NUMBER: 12842204 BUSINESS ADDRESS: STREET 1: 401 BAY STREET STREET 2: SUITE 1900, P.O. BOX 19 CITY: TORONTO STATE: A6 ZIP: M5H 2Y4 BUSINESS PHONE: 416-367-4364 MAIL ADDRESS: STREET 1: 401 BAY STREET STREET 2: SUITE 1900, P.O. BOX 19 CITY: TORONTO STATE: A6 ZIP: M5H 2Y4 13F-HR 1 p12-1160form13fhr.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: March 31, 2012 ------------------------ 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: 401 Bay Street, Suite 1900, PO Box 19 -------------------------------------------------- Toronto, Ontario M5H 2Y4 -------------------------------------------------- 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 5/15/12 ------------------------ ----------------------------- ---------- 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: 134 ------------- Form 13F Information Table Value Total: $1,737,406 ------------- (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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- --------- ------ ---- ABBOTT LABS COM 002824100 12,951 211,300 SH CALL SOLE 0 0 0 ALLIANCE DATA SYSTEMS CORP COM 018581108 15,745 125,000 SH CALL SOLE 0 0 0 ALLIANCE DATA SYSTEMS CORP NOTE 4.750% 5/1 018581AC2 54,008 20,000,000 PRN SOLE 0 0 0 APACHE CORP COM 037411105 8,226 81,900 SH SOLE 81,900 0 0 ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 6 305,800 SH SOLE 305,800 0 0 AUSTRALIA ACQUISITION CORP SHS G06368107 8,458 850,000 SH SOLE 850,000 0 0 AUTOZONE INC COM 053332102 7,436 20,000 SH CALL SOLE 0 0 0 BCE INC COM NEW 05534B760 8,108 202,400 SH SOLE 202,400 0 0 BGS ACQUISITION CORP UNIT 99/99/9999 G1082J126 5,031 510,200 SH SOLE 510,200 0 0 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 26,775 15,000,000 PRN SOLE 0 0 0 BLACKSTONE GROUP L P COM UNIT LTD 09253U108 7,710 483,700 SH SOLE 483,700 0 0 BLUE WOLF MONGOLIA HOLDINGS SHS G11962100 3,392 350,000 SH SOLE 350,000 0 0 BRIGUS GOLD CORP COM 109490102 269 349,723 SH SOLE 349,723 0 0 BROADCOM CORP CL A 111320107 15,209 387,000 SH SOLE 387,000 0 0 BROOKDALE SR LIVING INC NOTE 2.750% 6/1 112463AA2 1,870 2,000,000 PRN SOLE 0 0 0 BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 6,583 622,252 SH SOLE 622,252 0 0 BRUNSWICK CORP COM 117043109 24,657 957,551 SH SOLE 957,551 0 0 CADENCE DESIGN SYSTEM INC NOTE 2.625% 6/0 127387AJ7 24,891 15,000,000 PRN SOLE 0 0 0 CANADIAN NAT RES LTD COM 136385101 4,645 140,000 SH SOLE 140,000 0 0 CAZADOR ACQUISITION CORPORAT SHS G19867103 5,527 560,000 SH SOLE 560,000 0 0 CELESTICA INC SUB VTG SHS 15101Q108 16,861 1,761,845 SH SOLE 1,761,845 0 0 CHEESECAKE FACTORY INC COM 163072101 7,024 239,000 SH SOLE 239,000 0 0 CHESAPEAKE ENERGY CORP NOTE 2.750%11/1 165167BW6 9,881 10,000,000 PRN SOLE 0 0 0 CHINA GROWTH EQUITY INV LTD SHS G2114K107 5,766 600,000 SH SOLE 600,000 0 0 CHINA METRO-RURAL HLDGS LTD SHS G3163G104 121 104,000 SH SOLE 104,000 0 0 CISCO SYS INC COM 17275R102 13,143 621,400 SH SOLE 621,400 0 0 CITRIX SYS INC COM 177376100 7,631 96,700 SH SOLE 96,700 0 0 COCA COLA CO COM 191216100 22,203 300,000 SH CALL SOLE 0 0 0 COLDWATER CREEK INC COM 193068103 3,329 2,869,751 SH SOLE 2,869,751 0 0 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 5,653 136,800 SH CALL SOLE 0 0 0 CORELOGIC INC COM 21871D103 9,164 561,500 SH SOLE 561,500 0 0 COSTAMARE INC SHS Y1771G102 5,411 392,982 SH SOLE 392,982 0 0 COTT CORP QUE COM 22163N106 3,446 522,979 SH SOLE 522,979 0 0 CROCS INC COM 227046109 7,579 362,300 SH SOLE 362,300 0 0 CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 24,080 15,000,000 PRN SOLE 0 0 0 CVS CAREMARK CORPORATION COM 126650100 6,200 138,400 SH CALL SOLE 0 0 0 DENTSPLY INTL INC NEW COM 249030107 12,125 302,133 SH SOLE 302,133 0 0 DST SYS INC DEL COM 233326107 13,318 245,575 SH SOLE 245,575 0 0 E M C CORP MASS NOTE 1.750%12/0 268648AM4 18,769 10,000,000 PRN SOLE 0 0 0 EATON CORP COM 278058102 14,087 282,700 SH SOLE 282,700 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 22,580 1,358,607 SH SOLE 1,358,607 0 0 ENDO PHARMACEUTICALS HLDGS I NOTE 1.750% 4/1 29264FAB2 28,418 20,000,000 PRN SOLE 0 0 0 EQUIFAX INC COM 294429105 16,797 379,505 SH SOLE 379,505 0 0 EQUINIX INC NOTE 3.000%10/1 29444UAG1 19,666 13,079,000 PRN SOLE 0 0 0 EQUINIX INC NOTE 4.750% 6/1 29444UAH9 23,573 11,730,000 PRN SOLE 0 0 0 FAMILY DLR STORES INC COM 307000109 6,328 100,000 SH CALL SOLE 0 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 23,825 719,342 SH SOLE 719,342 0 0 FIRST MAJESTIC SILVER CORP COM 32076V103 22,038 1,329,200 SH SOLE 1,329,200 0 0 FIRSTSERVICE CORP SDCV 6.500%12/3 33761NAA7 19,047 15,454,000 PRN SOLE 0 0 0 FIRSTSERVICE CORP SUB VTG SH 33761N109 7,604 248,158 SH SOLE 248,158 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 13,550 1,086,200 SH SOLE 1,086,200 0 0 FORD MTR CO DEL *W EXP 01/01/201 345370134 8,889 2,565,406 SH SOLE 2,565,406 0 0 FORTRESS INVESTMENT GROUP LL CL A 34958B106 4,613 1,295,721 SH SOLE 1,295,721 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 761 20,000 SH SOLE 20,000 0 0 GENERAL ELECTRIC CO COM 369604103 10,035 500,000 SH CALL SOLE 0 0 0 GLOBAL EAGLE ACQUISITION COR COM 37951D102 5,406 556,123 SH SOLE 556,123 0 0 GOOGLE INC CL A 38259P508 21,610 33,700 SH SOLE 33,700 0 0 GROUPE CGI INC CL A SUB VTG 39945C109 46,119 2,069,046 SH SOLE 2,069,046 0 0 HALLIBURTON CO COM 406216101 10,511 316,700 SH SOLE 316,700 0 0
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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- --------- ------ ---- HARMONIC INC COM 413160102 4,488 820,495 SH SOLE 820,495 0 0 HERCULES OFFSHORE INC COM 427093109 1,656 350,000 SH SOLE 350,000 0 0 HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 9,636 5,000,000 PRN SOLE 0 0 0 HICKS ACQUISITION CO II INC COM 429090103 15,836 1,612,600 SH SOLE 1,612,600 0 0 HUDSON HIGHLAND GROUP INC COM 443792106 6,443 1,197,514 SH SOLE 1,197,514 0 0 IAC INTERACTIVECORP COM PAR $.001 44919P508 21,379 435,513 SH SOLE 435,513 0 0 IDEX CORP COM 45167R104 14,863 352,792 SH SOLE 352,792 0 0 IMRIS INC COM 45322N105 6,460 1,975,637 SH SOLE 1,975,637 0 0 INCYTE CORP NOTE 4.750%10/0 45337CAJ1 11,518 5,000,000 PRN SOLE 0 0 0 ISHARES TR DJ HOME CONSTN 464288752 22,080 1,500,000 SH PUT SOLE 0 0 0 IVANHOE MINES LTD COM 46579N103 6,100 387,544 SH SOLE 387,544 0 0 KNIGHT CAP GROUP INC NOTE 3.500% 3/1 499005AE6 12,071 12,500,000 PRN SOLE 0 0 0 LIFE TECHNOLOGIES CORP COM 53217V109 16,316 334,200 SH SOLE 334,200 0 0 LINCARE HLDGS INC NOTE 2.750%11/0 532791AF7 19,392 17,500,000 PRN SOLE 0 0 0 LIZ CLAIBORNE INC COM 539320101 9,177 686,900 SH SOLE 686,900 0 0 LOUISIANA PAC CORP COM 546347105 5,414 579,000 SH CALL SOLE 0 0 0 LSI CORPORATION COM 502161102 11,217 1,292,300 SH SOLE 1,292,300 0 0 MARKET VECTORS ETF TR JR GOLD MINERS E 57060U589 3,805 155,000 SH SOLE 155,000 0 0 MCMORAN EXPLORATION CO NOTE 4.000%12/3 582411AJ3 12,766 12,750,000 PRN SOLE 0 0 0 MIPS TECHNOLOGIES INC COM 604567107 1,360 250,000 SH CALL SOLE 0 0 0 MOHAWK INDS INC COM 608190104 6,924 104,103 SH SOLE 104,103 0 0 MOLYCORP INC DEL COM 608753109 3,616 106,900 SH SOLE 106,900 0 0 MOVE INC COM NEW 62458M207 14,780 1,522,145 SH SOLE 1,522,145 0 0 NAUTILUS MARINE ACQUISIT COR SHS Y6255E101 4,808 491,064 SH SOLE 491,064 0 0 NAUTILUS MARINE ACQUISIT COR *W EXP 06/17/201 Y6255E119 110 400,000 SH SOLE 400,000 0 0 NEVADA GOLD & CASINOS INC COM NEW 64126Q206 212 148,470 SH SOLE 148,470 0 0 NEW GOLD INC CDA COM 644535106 3,904 395,124 SH SOLE 395,124 0 0 NORFOLK SOUTHERN CORP COM 655844108 14,318 217,500 SH SOLE 217,500 0 0 NOVAGOLD RES INC NOTE 5.500% 5/0 66987EAA5 3,275 3,000,000 PRN SOLE 0 0 0 OCLARO INC COM NEW 67555N206 2,660 675,200 SH SOLE 675,200 0 0 OPEN TEXT CORP COM 683715106 25,798 421,815 SH SOLE 421,815 0 0 OPNEXT INC COM 68375V105 1,497 966,068 SH SOLE 966,068 0 0 OWENS CORNING NEW COM 690742101 8,800 244,250 SH SOLE 244,250 0 0 PARKER HANNIFIN CORP COM 701094104 10,611 125,500 SH SOLE 125,500 0 0 PATTERSON UTI ENERGY INC COM 703481101 11,970 692,300 SH SOLE 692,300 0 0 PFIZER INC COM 717081103 6,794 300,000 SH PUT SOLE 0 0 0 PFIZER INC COM 717081103 1,121 49,500 SH SOLE 49,500 0 0 PRIME ACQUISITION CORP SHS G72436101 4,731 488,000 SH SOLE 488,000 0 0 PRIME ACQUISITION CORP *W EXP 99/99/999 G72436127 59 165,100 SH SOLE 165,100 0 0 PROVIDENT ENERGY LTD NEW COM 74386V100 21,530 1,794,177 SH SOLE 1,794,177 0 0 QUANEX BUILDING PRODUCTS COR COM 747619104 5,678 322,070 SH SOLE 322,070 0 0 RED ROBIN GOURMET BURGERS IN COM 75689M101 14,489 389,600 SH SOLE 389,600 0 0 REPUBLIC SVCS INC COM 760759100 17,427 570,247 SH SOLE 570,247 0 0 RESEARCH IN MOTION LTD COM 760975102 26,103 1,775,700 SH SOLE 1,775,700 0 0 ROI ACQUISITION CORP UNIT 99/99/9999 74966A203 3,000 300,000 SH SOLE 300,000 0 0 RYLAND GROUP INC COM 783764103 7,712 400,000 SH PUT SOLE 0 0 0 SCHOLASTIC CORP COM 807066105 4,586 130,000 SH CALL SOLE 0 0 0 SCORPIO TANKERS INC SHS Y7542C106 7,629 1,080,613 SH SOLE 1,080,613 0 0 SMART TECHNOLOGIES INC CL A SUB VTG S 83172R108 3,248 1,093,747 SH SOLE 1,093,747 0 0 SMITH A O COM 831865209 19,120 425,358 SH SOLE 425,358 0 0 SONIC CORP COM 835451105 2,566 334,136 SH SOLE 334,136 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 2,432 15,000 SH SOLE 15,000 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 140,810 1,000,000 SH PUT SOLE 0 0 0 SPDR SERIES TRUST S&P REGL BKG 78464A698 21,395 751,500 SH SOLE 751,500 0 0 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 1,771 122,623 SH SOLE 122,623 0 0 STANLEY BLACK & DECKER INC COM 854502101 14,184 184,300 SH SOLE 184,300 0 0 SXC HEALTH SOLUTIONS CORP COM 78505P100 45,467 606,550 SH SOLE 606,550 0 0 TELUS CORP NON-VTG SHS 87971M202 7,571 133,200 SH SOLE 0 0 133,200 THOMPSON CREEK METALS CO INC COM 884768102 10,650 1,575,511 SH SOLE 1,575,511 0 0 TRANSGLOBE ENERGY CORP COM 893662106 33,207 2,748,900 SH SOLE 2,748,900 0 0
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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- --------- ------ ---- TRUEBLUE INC COM 89785X101 6,975 390,100 SH SOLE 390,100 0 0 TRW AUTOMOTIVE INC NOTE 3.500%12/0 87264MAH2 34,950 20,000,000 PRN SOLE 0 0 0 UAL CORP NOTE 6.000%10/1 902549AJ3 25,822 10,000,000 PRN SOLE 0 0 0 UNITED RENTALS INC COM 911363109 8,848 206,300 SH SOLE 206,300 0 0 UNITED STATES STL CORP NEW NOTE 4.000% 5/1 912909AE8 17,768 15,000,000 PRN SOLE 0 0 0 UNIVERSAL BUSINESS PMT SOL A COM 913384103 6,382 1,085,300 SH SOLE 1,085,300 0 0 UNIVERSAL BUSINESS PMT SOL A *W EXP 05/09/201 913384111 58 155,137 SH SOLE 155,137 0 0 VALUECLICK INC COM 92046N102 6,888 348,945 SH SOLE 348,945 0 0 VCA ANTECH INC COM 918194101 11,011 474,407 SH SOLE 474,407 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 28,673 750,000 SH CALL SOLE 0 0 0 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 38,641 25,000,000 PRN SOLE 0 0 0 WILLIAMS COS INC DEL COM 969457100 9,243 300,000 SH CALL SOLE 0 0 0 WNS HOLDINGS LTD SPON ADR 92932M101 7,253 601,913 SH SOLE 601,913 0 0 YAMANA GOLD INC COM 98462Y100 12,451 797,100 SH SOLE 797,100 0 0 ZEBRA TECHNOLOGIES CORP CL A 989207105 15,245 370,214 SH SOLE 370,214 0 0