0000902664-12-001444.txt : 20121114 0000902664-12-001444.hdr.sgml : 20121114 20121114112429 ACCESSION NUMBER: 0000902664-12-001444 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 EFFECTIVENESS DATE: 20121114 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: 121201965 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 p12-1842form13fhr.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, 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 11/14/2012 --------------------------------- --------------------------------- ---------- [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 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).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 149 Form 13F Information Table Value Total: $ 1,872,371 -------------- (In 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 13,712 200,000 SH CALL SOLE 0 0 0 AKAMAI TECHNOLOGIES INC COM 00971T101 6,014 157,200 SH SOLE 157,200 0 0 ALLIANCE DATA SYSTEMS CORP NOTE 4.750% 5/1 018581AC2 114,546 38,000,000 PRN SOLE 0 0 0 ALTRIA GROUP INC COM 02209S103 10,017 300,000 SH CALL SOLE 0 0 0 ANALOG DEVICES INC COM 032654105 3,890 99,300 SH SOLE 99,300 0 0 ANDINA ACQUISITION CORP COM G0440W100 5,046 515,000 SH SOLE 515,000 0 0 ANDINA ACQUISITION CORP *W EXP 99/99/999 G0440W126 98 350,000 SH SOLE 350,000 0 0 APACHE CORP COM 037411105 15,895 183,820 SH SOLE 183,820 0 0 ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 9 305,800 SH SOLE 305,800 0 0 ASHLAND INC NEW COM 044209104 16,275 227,300 SH SOLE 227,300 0 0 AURICO GOLD INC COM 05155C105 7,040 1,007,130 SH SOLE 1,007,130 0 0 AUSTRALIA ACQUISITION CORP SHS G06368107 8,615 850,000 SH SOLE 850,000 0 0 BAYTEX ENERGY CORP COM 07317Q105 4,744 100,000 SH CALL SOLE 0 0 0 BGS ACQUISITION CORP SHS G1082J100 5,005 510,200 SH SOLE 510,200 0 0 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 31,292 15,000,000 PRN SOLE 0 0 0 BLUE WOLF MONGOLIA HOLDINGS SHS G11962100 6,577 669,800 SH SOLE 669,800 0 0 BLUE WOLF MONGOLIA HOLDINGS *W EXP 07/20/201 G11962118 68 168,700 SH SOLE 168,700 0 0 BROADCOM CORP CL A 111320107 8,355 241,696 SH SOLE 241,696 0 0 BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 8,699 622,252 SH SOLE 622,252 0 0 BRUKER CORP COM 116794108 23,872 1,823,708 SH SOLE 1,823,708 0 0 BRUNSWICK CORP COM 117043109 16,483 728,351 SH SOLE 728,351 0 0 C H ROBINSON WORLDWIDE INC COM NEW 12541W209 11,980 204,500 SH SOLE 204,500 0 0 CADENCE DESIGN SYSTEM INC NOTE 2.625% 6/0 127387AJ7 26,627 15,000,000 PRN SOLE 0 0 0 CADENCE DESIGN SYSTEM INC COM 127387108 11,725 911,400 SH SOLE 911,400 0 0 CAMECO CORP COM 13321L108 1,089 56,000 SH SOLE 56,000 0 0 CAREFUSION CORP COM 14170T101 9,139 321,900 SH SOLE 321,900 0 0 CATAMARAN CORP COM ADDED 148887102 32,825 335,047 SH SOLE 335,047 0 0 CAZADOR ACQUISITION CORPORAT *W EXP 99/99/999 G19867129 63 150,000 SH SOLE 150,000 0 0 CELESTICA INC SUB VTG SHS SUB VTG SHS 15101Q108 13,772 1,928,859 SH SOLE 1,928,859 0 0 CENTRAL GARDEN & PET CO CL A NON-VTG 153527205 3,423 283,307 SH SOLE 283,307 0 0 CHINA GROWTH EQUITY INV LTD SHS G2114K107 5,991 603,000 SH SOLE 603,000 0 0 CHINA METRO-RURAL HLDGS LTD SHS G3163G104 88 104,000 SH SOLE 104,000 0 0 COCA COLA CO COM 191216100 22,758 600,000 SH CALL SOLE 0 0 0 COHERENT INC COM 192479103 2,693 58,725 SH SOLE 58,725 0 0 COINSTAR INC NOTE 4.000% 9/0 19259PAF9 13,036 10,000,000 PRN SOLE 0 0 0 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 5,356 140,000 SH CALL SOLE 0 0 0 COOPER COS INC COM NEW 216648402 15,646 165,641 SH SOLE 165,641 0 0 CORELOGIC INC COM 21871D103 11,225 423,100 SH SOLE 423,100 0 0 COTT CORP QUE COM 22163N106 4,132 522,979 SH SOLE 522,979 0 0 CROCS INC COM 227046109 2,963 182,800 SH SOLE 182,800 0 0 CTRIP COM INTL LTD AMERICAN DEP SHS 22943F100 3,553 210,500 SH SOLE 210,500 0 0 CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 34,921 20,000,000 PRN SOLE 0 0 0 DEVON ENERGY CORP NEW COM 25179M103 8,422 139,200 SH SOLE 139,200 0 0 E M C CORP MASS NOTE 1.750%12/0 268648AM4 8,588 5,000,000 PRN SOLE 0 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 20,345 1,224,134 SH SOLE 1,224,134 0 0 ENBRIDGE INC COM 29250N105 9,758 250,000 SH CALL SOLE 0 0 0 ENBRIDGE INC COM 29250N105 1,791 45,900 SH SOLE 45,900 0 0 ENDO HEALTH SOLUTIONS INC NOTE 1.750% 4/1 29264FAB2 18,366 15,000,000 PRN SOLE 0 0 0 EQUIFAX INC COM 294429105 23,970 514,605 SH SOLE 514,605 0 0 EQUINIX INC NOTE 3.000%10/1 29444UAG1 23,525 11,957,000 PRN SOLE 0 0 0 EQUINIX INC NOTE 4.750% 6/1 29444UAH9 17,301 6,803,000 PRN SOLE 0 0 0 EXFO INC SUB VTG SHS 302046107 4,200 857,200 SH SOLE 857,200 0 0 EXTREME NETWORKS INC COM 30226D106 8,029 2,396,805 SH SOLE 2,396,805 0 0 FAMILY DLR STORES INC COM 307000109 13,260 200,000 SH CALL SOLE 0 0 0 FEI CO NOTE 2.875% 6/0 30241LAF6 18,330 10,000,000 PRN SOLE 0 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 16,398 525,242 SH SOLE 525,242 0 0 FIFTH & PAC COS INC COM 316645100 8,182 640,200 SH SOLE 640,200 0 0 FIRST MAJESTIC SILVER CORP COM 32076V103 23,973 1,034,662 SH SOLE 1,034,662 0 0 FIRSTSERVICE CORP SDCV 6.500%12/3 33761NAA7 22,713 19,454,000 PRN SOLE 0 0 0 FORD MTR CO DEL *W EXP 01/01/201 345370134 2,630 2,565,406 SH SOLE 2,565,406 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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- --------- ------ ---- FXCM INC COM CL A 302693106 4,046 423,700 SH SOLE 423,700 0 0 GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 31,276 20,000,000 PRN SOLE 0 0 0 GILEAD SCIENCES INC NOTE 1.000% 5/0 375558AN3 7,533 5,000,000 PRN SOLE 0 0 0 GLOBAL EAGLE ACQUISITION COR COM 37951D102 8,272 837,650 SH SOLE 837,650 0 0 GLOBAL PMTS INC COM 37940X102 4,062 97,100 SH SOLE 97,100 0 0 GOOGLE INC CL A 38259P508 16,524 21,900 SH SOLE 21,900 0 0 GORDMANS STORES INC COM 38269P100 7,007 379,800 SH SOLE 379,800 0 0 GROUPE CGI INC CL A SUB VTG 39945C109 47,481 1,767,719 SH SOLE 1,767,719 0 0 HALLIBURTON CO COM 406216101 8,207 243,600 SH SOLE 243,600 0 0 HARLEY DAVIDSON INC COM 412822108 9,156 216,100 SH SOLE 216,100 0 0 HARMONIC INC COM 413160102 3,872 852,934 SH SOLE 852,934 0 0 HERCULES OFFSHORE INC COM 427093109 5,629 1,154,700 SH SOLE 1,154,700 0 0 HOLOGIC INC COM 436440101 11,766 581,900 SH SOLE 581,900 0 0 HUDSON GLOBAL INC COM 443787106 3,601 807,352 SH SOLE 807,352 0 0 HYDE PK ACQUISITION CORP II COM 448640102 5,052 502,650 SH SOLE 502,650 0 0 IDEX CORP COM 45167R104 18,909 452,692 SH SOLE 452,692 0 0 IGNITE RESTAURANT GROUP INC COM 451730105 8,246 591,510 SH SOLE 591,510 0 0 IHS INC CL A 451734107 4,274 43,900 SH SOLE 43,900 0 0 IMRIS INC COM 45322N105 3,813 851,067 SH SOLE 851,067 0 0 INCONTACT INC COM 45336E109 941 144,700 SH SOLE 144,700 0 0 INTEGRATED DEVICE TECHNOLOGY COM 458118106 4,805 818,600 SH SOLE 818,600 0 0 INTERFACE INC COM 458665304 11,068 837,852 SH SOLE 837,852 0 0 INTERNATIONAL GAME TECHNOLOG COM 459902102 5,812 444,000 SH SOLE 444,000 0 0 ISHARES SILVER TRUST ISHARES 46428Q109 2,149 64,200 SH SOLE 64,200 0 0 ISHARES TR DJ HOME CONSTN 464288752 13,721 709,100 SH SOLE 709,100 0 0 JOHNSON & JOHNSON COM 478160104 18,613 270,100 SH PUT 0 0 0 KNIGHT TRANSN INC COM 499064103 8,607 601,900 SH SOLE 601,900 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 10,837 1,366,603 SH SOLE 1,366,603 0 0 LAS VEGAS SANDS CORP COM 517834107 10,841 233,800 SH SOLE 233,800 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 1,971 513,186 SH SOLE 513,186 0 0 LENNOX INTL INC COM 526107107 9,353 193,399 SH SOLE 193,399 0 0 LINEAR TECHNOLOGY CORP COM 535678106 3,863 121,400 SH SOLE 121,400 0 0 LOWES COS INC COM 548661107 11,975 396,000 SH SOLE 396,000 0 0 M/I HOMES INC NOTE 3.250% 9/1 55292PAA3 8,576 8,000,000 PRN SOLE 0 0 0 MCGRAW HILL COS INC COM 580645109 10,863 199,000 SH CALL SOLE 0 0 0 MEDICIS PHARMACEUTICAL CORP NOTE 1.375% 6/0 584690AC5 2,693 2,500,000 PRN SOLE 0 0 0 MINDSPEED TECHNOLOGIES INC COM NEW 602682205 1,159 335,000 SH SOLE 335,000 0 0 MIPS TECHNOLOGIES INC COM 604567107 1,691 228,800 SH CALL SOLE 0 0 0 MIPS TECHNOLOGIES INC COM 604567107 834 112,800 SH SOLE 112,800 0 0 MOLYCORP INC DEL NOTE 6.000% 9/0 608753AF6 11,594 10,000,000 PRN SOLE 0 0 0 MOVE INC COM NEW 62458M207 18,931 2,196,145 SH SOLE 2,196,145 0 0 NAUTILUS MARINE ACQUISIT COR SHS Y6255E101 5,993 596,280 SH SOLE 596,280 0 0 NAUTILUS MARINE ACQUISIT COR *W EXP 06/17/201 Y6255E119 66 400,000 SH SOLE 400,000 0 0 NEVADA GOLD & CASINOS INC COM NEW 64126Q206 126 148,470 SH SOLE 148,470 0 0 NEW GOLD INC CDA COM 644535106 4,828 395,124 SH SOLE 395,124 0 0 NEWPORT CORP COM 651824104 6,983 631,393 SH SOLE 631,393 0 0 NEXEN INC COM 65334H102 8,236 325,000 SH SOLE 325,000 0 0 NEXTERA ENERGY INC UNIT 09/01/2015 65339F887 10,256 200,000 PRN SOLE 0 0 0 OPEN TEXT CORP COM 683715106 33,881 614,446 SH SOLE 614,446 0 0 PRECISION DRILLING CORP COM 2010 74022D308 19,583 2,497,838 SH SOLE 2,497,838 0 0 PRIME ACQUISITION CORP SHS G72436101 4,821 488,000 SH SOLE 488,000 0 0 REGAL BELOIT CORP COM 758750103 10,043 142,500 SH SOLE 142,500 0 0 REPUBLIC SVCS INC COM 760759100 13,820 502,347 SH SOLE 735,047 0 0 RESEARCH IN MOTION LTD COM 760975102 13,318 1,775,700 SH SOLE 1,775,700 0 0 ROI ACQUISITION CORP COM 74966A104 5,316 550,900 SH SOLE 550,900 0 0 ROI ACQUISITION CORP *W EXP 02/28/201 74966A112 56 149,000 SH SOLE 149,000 0 0 SALIX PHARMACEUTICALS INC NOTE 2.750% 5/1 795435AC0 9,678 8,250,000 PRN SOLE 0 0 0 SANMINA SCI CORP COM NEW 800907206 6,768 795,314 SH SOLE 795,314 0 0 SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 42,438 20,000,000 PRN SOLE 0 0 0 SCG FINL ACQUISITION CORP COM 78404K103 9,352 951,205 SH SOLE 951,205 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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- --------- ------ ---- SCORPIO TANKERS INC SHS Y7542C106 8,350 1,391,706 SH SOLE 1,391,706 0 0 SEMGROUP CORP *W EXP 11/30/201 81663A113 2,297 171,000 SH SOLE 171,000 0 0 SHUFFLE MASTER INC COM 825549108 6,256 395,700 SH SOLE 395,700 0 0 SILVER STD RES INC COM 82823L106 2,221 138,552 SH SOLE 138,552 0 0 SMITH A O COM 831865209 4,140 71,958 SH SOLE 71,958 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 1,564 9,100 SH SOLE 9,100 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 158,367 1,100,000 SH PUT SOLE 0 0 0 SPDR SERIES TRUST S&P REGL BKG 78464A698 22,929 800,600 SH SOLE 800,600 0 0 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 780 51,300 SH SOLE 51,300 0 0 STANDARD PAC CORP NEW NOTE 1.250% 8/0 85375CBC4 11,060 10,000,000 PRN SOLE 0 0 0 STANLEY BLACK & DECKER INC COM 854502101 14,762 193,600 SH SOLE 193,600 0 0 STERICYCLE INC COM 858912108 11,989 132,500 SH CALL SOLE 0 0 0 SYNOPSYS INC COM 871607107 12,937 392,100 SH SOLE 392,100 0 0 TAHOE RES INC COM 873868103 15,287 750,838 SH SOLE 750,838 0 0 TELUS CORP NON-VTG SHS 87971M202 7,616 121,800 SH SOLE 121,800 0 0 THERAVANCE INC NOTE 3.000% 1/1 88338TAA2 3,581 3,000,000 PRN SOLE 0 0 0 TRANSGLOBE ENERGY CORP COM 893662106 22,816 2,100,915 SH SOLE 2,100,915 0 0 TRIO MERGER CORP COM 896697109 5,620 564,700 SH SOLE 564,700 0 0 TRONOX LTD SHS CL A ADDED Q9235V101 5,640 249,000 SH SOLE 249,000 0 0 TRW AUTOMOTIVE INC NOTE 3.500%12/0 87264MAH2 21,451 13,000,000 PRN SOLE 0 0 0 TURQUOISE HILL RES LTD COM ADDED 900435108 3,286 387,544 SH SOLE 387,544 0 0 UAL CORP NOTE 6.000%10/1 902549AJ3 23,466 10,000,000 PRN SOLE 0 0 0 UNIVERSAL BUSINESS PMT SOL A COM 913384103 7,541 1,250,506 SH SOLE 1,250,506 0 0 VALEANT PHARMACEUTICALS INTL COM 91911K102 28,199 510,203 SH SOLE 510,203 0 0 VALUECLICK INC COM 92046N102 8,022 467,500 SH SOLE 467,500 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 17,089 375,000 SH CALL SOLE 0 0 0 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 51,638 30,000,000 PRN SOLE 0 0 0 WILLIAMS COS INC DEL COM 969457100 10,491 300,000 SH CALL SOLE 0 0 0 WNS HOLDINGS LTD SPON ADR 92932M101 8,753 854,813 SH SOLE 854,813 0 0