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, 2013
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: BASED ON THE JOINT ADMINISTRATORS' EIGHTH PROGRESS REPORT DATED OCTOBER
12, 2012, THE REPORTING PERSON NO LONGER BELIEVES THAT ANY SECURITIES ONCE HELD
AT LEHMAN BROTHERS INTERNATIONAL (EUROPE)("LBIE") WILL BE RETURNED TO IT IN
KIND, AS THE JOINT ADMINSTRATORS EXPECT TO LIQUIDATE THE AGGREGATE MIX OF
SECURITIES RECEIVED FROM LEHMAN BROTHERS, INC. ("LBI") PURSUANT TO ITS OMNIBUS
CUSTOMER CLAIM (WHICH INCLUDES CLAIMS TO RECOVER THE SECURITIES PREVIOUSLY HELD
BY THE REPORTING PERSON) AND DISTRIBUTE CASH PROCEEDS FROM SUCH LIQIUIDATION TO
ITS CUSTOMERS (SUCH AS THE REPORTING PERSON). ACCORDINGLY, THE SECURITIES
PREVIOUSLY HELD BY THE REPORTING PERSON AT LBIE ARE NO LONGER BEING REPORTED AS
OWNED IN THIS FORM 13F.
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 15, 2013
----------------------- -------------------------- ----------------------
[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: 2
Form 13F Information Table Entry Total: 25
Form 13F Information Table Value Total: $153,198
(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
1. 028-14261 Harbert Value Fund GP, LLC
2. 028-14262 Harbert Value Master Fund, Ltd.
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FORM 13F INFORMATION TABLE
Harbert Management Corporation
March 31, 2013
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COL 7 COLUMN 8
VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 4,560 300,000 SH DEFINED 1,2
AMERICAN INTL GROUP INC COM NEW 026874784 7,764 200,000 SH DEFINED 1,2 200,000
BARRICK GOLD CORP COM 067901108 4,410 150,000 CALL DEFINED 1,2
CAREFUSION CORP COM 14170T101 7,873 225,000 SH DEFINED 1,2 225,000
CISCO SYS INC COM 17275R102 7,632 365,000 SH DEFINED 1,2 365,000
CIT GROUP INC COM NEW 125581801 3,913 90,000 SH DEFINED 1,2 90,000
CIT GROUP INC COM NEW 125581801 3,304 76,000 CALL DEFINED 1,2
CLIFFS NAT RES INC COM 18683K101 3,802 200,000 PUT DEFINED 1,2 200,000
DEAN FOODS CO NEW COM 242370104 14,051 775,000 SH DEFINED 1,2 775,000
DELPHI AUTOMOTIVE PLC SHS G27823106 3,996 90,000 SH DEFINED 1,2 90,000
ENGILITY HLDGS INC COM 29285W104 2,814 117,336 SH DEFINED 1,2 117,336
ENZON PHARMACEUTICALS INC COM 293904108 783 206,000 SH DEFINED 1,2 206,000
EXELIS INC COM 30162A108 8,788 807,000 SH DEFINED 1,2 807,000
HESS CORP COM 42809H107 3,581 50,000 SH DEFINED 1,2 50,000
INTERPUBLIC GROUP COS INC COM 460690100 3,909 300,000 SH DEFINED 1,2 300,000
ISHARES TR HIGH YLD CORP 464288513 9,435 100,000 PUT DEFINED 1,2 100,000
ISHARES TR RUSSELL 2000 464287655 5,656 60,000 SH SOLE NONE 60,000
LOEWS CORP COM 540424108 8,814 200,000 SH DEFINED 1,2 200,000
MARATHON OIL CORP COM 565849106 8,430 250,000 SH DEFINED 1,2 250,000
PLATINUM UNDERWRITER HLDGS L COM G7127P100 7,534 135,000 SH DEFINED 1,2 135,000
SAFETY INS GROUP INC COM 78648T100 9,830 200,000 SH DEFINED 1,2 200,000
SANOFI SPONSORED ADR 80105N105 8,939 175,000 SH DEFINED 1,2 175,000
SANOFI RIGHT 12/31/2020 80105N113 890 500,000 SH DEFINED 1,2 500,000
TYSON FOODS INC CL A 902494103 6,205 250,000 SH DEFINED 1,2 250,000
WESTERN DIGITAL CORP COM 958102105 6,285 125,000 SH DEFINED 1,2 125,000
SK 03773 0001 1377015