-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MWN62l4xuG4cE9HojhgZZrUMsuvscHnuWwBAMfmGtd+EioDhPffEZ5azHhQYouxM nB9PB/frztdY21XsRgC3AQ== 0000902664-11-000526.txt : 20110214 0000902664-11-000526.hdr.sgml : 20110214 20110214160524 ACCESSION NUMBER: 0000902664-11-000526 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101231 FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 EFFECTIVENESS DATE: 20110214 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: 11607563 BUSINESS ADDRESS: STREET 1: 372 BAY STREET STREET 2: 21ST FLOOR CITY: TORONTO STATE: A6 ZIP: M5H 2W9 BUSINESS PHONE: 416-367-4364 MAIL ADDRESS: STREET 1: 372 BAY STREET STREET 2: 21ST FLOOR CITY: TORONTO STATE: A6 ZIP: M5H 2W9 13F-HR 1 p11-0410form13fhr.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: December 31, 2010 ------------------ 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. Persons 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 2/14/2011 - --------------------------------- --------------------------------- ---------- [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: 161 -------------- Form 13F Information Table Value Total: $ 1,203,311 -------------- (thousands) List of Other Included Managers: None Provide a numbered list of the name(s) and 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 - ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- 99 CENTS ONLY STORES COM 65440K106 6,870 431,000 SH SOLE 431,000 ACXIOM CORP COM 005125109 6,373 371,610 SH SOLE 371,610 ADOBE SYS INC COM 00724F101 12,878 418,400 SH SOLE 418,400 AEROPOSTALE COM 007865108 6,145 249,400 SH SOLE 249,400 AEROVIRONMENT INC COM 008073108 6,117 228,003 SH SOLE 228,003 AGILENT TECHNOLOGIES INC COM 00846U101 621 15,000 SH PUT SOLE 15,000 AGILENT TECHNOLOGIES INC COM 00846U101 9,450 228,100 SH SOLE 228,100 AGNICO EAGLE MINES LTD COM 008474108 1,918 25,000 SH PUT SOLE 25,000 AKAMAI TECHNOLOGIES INC COM 00971T101 1,637 34,800 SH PUT SOLE 34,800 AMDOCS LTD ORD G02602103 5,494 200,000 SH CALL SOLE 200,000 ANNALY CAP MGMT INC COM 035710409 269 15,000 SH PUT SOLE 15,000 APPLIED MICRO CIRCUITS CORP COM NEW 03822W406 6,443 603,300 SH SOLE 603,300 ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 21 305,800 SH SOLE 305,800 AUSTRALIA ACQUISITION CORP UNIT 99/99/9999 G06368123 5,988 600,000 SH SOLE 600,000 AVIAT NETWORKS INC COM 05366Y102 566 111,663 SH SOLE 111,663 BANK OF AMERICA CORPORATION COM 060505104 334 25,000 SH CALL SOLE 25,000 BARCLAYS BK PLC IPTH S&P VIX NEW 06740C261 5,642 150,000 SH PUT SOLE 150,000 BARRICK GOLD CORP COM 067901108 3,137 58,900 SH SOLE 58,900 BLACKROCK INC DBCV 2.625% 2/1 09247XAB7 4,890 2,500,000 PRN SOLE 2,500,000 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,665 50,000 SH PUT SOLE 50,000 BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 649 19,500 SH SOLE 19,500 CAMECO CORP COM 13321L108 2,019 50,000 SH PUT SOLE 50,000 CAMECO CORP COM 13321L108 230 5,700 SH SOLE 5,700 CANADIAN NAT RES LTD COM 136385101 6,079 136,500 SH CALL SOLE 136,500 CAPITAL GOLD CORP COM NEW 14018Y205 659 130,000 SH SOLE 130,000 CARIBOU COFFEE INC COM 142042209 5,250 520,800 SH SOLE 520,800 CARMAX INC COM 143130102 797 25,000 SH PUT SOLE 25,000 CARPENTER TECHNOLOGY CORP COM 144285103 10,269 255,200 SH SOLE 255,200 CAZADOR ACQUISITION CORPORAT SHS G19867103 3,667 380,000 SH SOLE 380,000 CAZADOR ACQUISITION CORPORAT *W EXP 99/99/999 G19867129 251 380,000 SH SOLE 380,000 CELESTICA INC SUB VTG SHS 15101Q108 15,555 1,603,636 SH SOLE 1,603,636 CENTURYLINK INC COM 156700106 1,616 35,000 SH PUT SOLE 35,000 CHEVRON CORP NEW COM 166764100 27,412 300,400 SH CALL SOLE 300,400 CHICOS FAS INC COM 168615102 5,563 462,400 SH SOLE 462,400 CITIGROUP INC COM 172967101 99 21,000 SH CALL SOLE 21,000 CLARK HLDGS INC *W EXP 02/15/201 18145M117 1 11,300 SH SOLE 11,300 CLOUD PEAK ENERGY INC COM 18911Q102 17,750 764,100 SH SOLE 764,100 COGNEX CORP COM 192422103 9,742 331,136 SH SOLE 331,136 COHERENT INC COM 192479103 9,060 200,700 SH SOLE 200,700 COMCAST CORP NEW CL A 20030N101 13,050 594,000 SH SOLE 594,000 COTT CORP QUE COM 22163N106 4,333 480,928 SH SOLE 480,928 COVIDIEN PLC SHS G2554F105 11,292 247,300 SH SOLE 247,300 CROWN HOLDINGS INC COM 228368106 2,504 75,000 SH PUT SOLE 75,000 DELL INC COM 24702R101 12,818 946,000 SH SOLE 946,000 DENTSPLY INTL INC NEW COM 249030107 12,633 369,700 SH SOLE 369,700 DIREXION SHS ETF TR DLY EMRGMKT BULL 25459W300 1,281 31,000 SH CALL SOLE 31,000 DIREXION SHS ETF TR DLY EMRGMKT BULL 25459W300 6,093 147,500 SH PUT SOLE 147,500 DIREXION SHS ETF TR DLY EM BR3X NEW 25459W482 588 29,000 SH SOLE 29,000 E M C CORP MASS COM 268648102 14,498 633,100 SH SOLE 633,100 ELDORADO GOLD CORP NEW COM 284902103 7,675 413,301 SH SOLE 413,301 ELECTRONICS FOR IMAGING INC COM 286082102 8,042 562,004 SH SOLE 562,004 ENBRIDGE INC COM 29250N105 733 13,000 SH SOLE 13,000 ENCANA CORP COM 292505104 3,914 134,400 SH CALL SOLE 134,400 ENDO PHARMACEUTICALS HLDGS I NOTE 1.750% 4/1 29264FAB2 23,902 18,000,000 PRN SOLE 18,000,000 ENERPLUS RES FD UNIT TR G NEW 29274D604 18,112 587,300 SH CALL SOLE 587,300 EQUIFAX INC COM 294429105 25,327 711,436 SH SOLE 711,436 EQUINIX INC NOTE 4.750% 6/1 29444UAH9 18,469 15,000,000 PRN SOLE 15,000,000 ETHAN ALLEN INTERIORS INC COM 297602104 3,144 157,100 SH SOLE 157,100 EXPRESS SCRIPTS INC COM 302182100 1,622 30,000 SH PUT SOLE 30,000 EXPRESS SCRIPTS INC COM 302182100 713 13,200 SH SOLE 13,200
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 - ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- FEI CO COM 30241L109 9,463 358,304 SH SOLE 358,304 FINISAR CORP NOTE 5.000%10/1 31787AAK7 9,458 3,250,000 PRN SOLE 3,250,000 FIRSTSERVICE CORP SUB VTG SH 33761N109 5,843 194,658 SH SOLE 194,658 FIRSTSERVICE CORP SDCV 6.500%12/3 33761NAA7 2,460 2,000,000 PRN SOLE 2,000,000 GENERAL MTRS CO JR PFD CNV SRB 37045V209 27,013 500,000 SH SOLE 500,000 GILDAN ACTIVEWEAR INC COM 375916103 9,625 337,823 SH SOLE 337,823 GOLD RESV INC CL A 38068N108 769 425,133 SH SOLE 425,133 GOODRICH CORP COM 382388106 2,202 25,000 SH PUT SOLE 25,000 GROUPE CGI INC CL A SUB VTG 39945C109 32,324 1,872,783 SH SOLE 1,872,783 GUESS INC COM 401617105 6,100 128,900 SH SOLE 128,900 HEARTLAND EXPRESS INC COM 422347104 6,152 384,046 SH SOLE 384,046 HEARTWARE INTL INC NOTE 3.500%12/1 422368AA8 4,954 4,500,000 PRN SOLE 4,500,000 HERTZ GLOBAL HOLDINGS INC NOTE 5.250% 6/0 42805TAA3 47,695 25,000,000 PRN SOLE 25,000,000 HUDSON HIGHLAND GROUP INC COM 443792106 7,871 1,350,042 SH SOLE 1,350,042 HUNT J B TRANS SVCS INC COM 445658107 7,113 174,300 SH SOLE 174,300 IAC INTERACTIVECORP COM PAR $.001 44919P508 8,595 299,480 SH SOLE 299,480 IDEX CORP COM 45167R104 11,763 300,700 SH SOLE 300,700 IESI BFC LTD COM 44951D108 10,800 444,461 SH SOLE 444,461 IMPERIAL OIL LTD COM NEW 453038408 6,428 158,400 SH CALL SOLE 158,400 IMRIS INC COM 45322N105 11,555 2,009,600 SH SOLE 2,009,600 INSITUFORM TECHNOLOGIES INC CL A 457667103 212 8,000 SH PUT SOLE 8,000 INTERSIL CORP CL A 46069S109 6,525 427,300 SH SOLE 427,300 INTUITIVE SURGICAL INC COM NEW 46120E602 387 1,500 SH PUT SOLE 1,500 ISHARES INC MSCI HONG KONG 464286871 3,945 208,500 SH PUT SOLE 208,500 ISHARES INC MSCI MEX INVEST 464286822 2,601 42,000 SH CALL SOLE 42,000 ISHARES INC MSCI MEX INVEST 464286822 2,477 40,000 SH PUT SOLE 40,000 ISHARES INC MSCI GERMAN 464286806 1,053 44,000 SH PUT SOLE 44,000 ISHARES INC MSCI HONG KONG 464286871 984 52,000 SH SOLE 52,000 ISHARES TR RUSSELL 2000 464287655 39,120 500,000 SH PUT SOLE 500,000 ISHARES TR MSCI EMERG MKT 464287234 1,748 36,700 SH SOLE 36,700 IVANHOE MINES LTD COM 46579N103 8,883 387,544 SH SOLE 387,544 IVANHOE MINES LTD COM 46579N103 299 13,000 SH PUT SOLE 13,000 KINROSS GOLD CORP COM NO PAR 496902404 54,958 2,898,603 SH SOLE 2,898,603 LA Z BOY INC COM 505336107 3,958 438,800 SH SOLE 438,800 LIFE TECHNOLOGIES CORP COM 53217V109 9,380 169,000 SH SOLE 169,000 LINDSAY CORP COM 535555106 1,551 26,100 SH CALL SOLE 26,100 LIZ CLAIBORNE INC COM 539320101 101 14,100 SH PUT SOLE 14,100 LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 7,977 231,900 SH SOLE 231,900 MASTERCARD INC CL A 57636Q104 12,685 56,600 SH SOLE 56,600 MCKESSON CORP COM 58155Q103 6,545 93,000 SH SOLE 93,000 MOHAWK INDS INC COM 608190104 6,476 114,100 SH SOLE 114,100 MOLSON COORS BREWING CO CL B 60871R209 3,533 70,400 SH SOLE 70,400 MORTONS RESTAURANT GRP INC N COM 619430101 3,847 593,709 SH SOLE 593,709 MUELLER INDS INC COM 624756102 9,109 278,553 SH SOLE 278,553 NAVIGANT CONSULTING INC COM 63935N107 3,058 332,358 SH SOLE 332,358 NETAPP INC NOTE 1.750% 6/0 64110DAB0 35,625 20,000,000 PRN SOLE 20,000,000 NEW YORK CMNTY BANCORP INC COM 649445103 943 50,000 SH PUT SOLE 50,000 NILE THERAPEUTICS INC COM 654145101 186 300,000 SH SOLE 300,000 NILE THERAPEUTICS INC *W EXP 99/99/999 654145119 24 90,000 SH SOLE 90,000 NORDION INC COM 65563C105 6,387 560,767 SH SOLE 560,767 NOVAGOLD RES INC NOTE 5.500% 5/0 66987EAA5 14,129 9,000,000 PRN SOLE 9,000,000 OWENS CORNING NEW COM 690742101 1,869 60,000 SH PUT SOLE 60,000 PALL CORP COM 696429307 5,236 105,600 SH SOLE 105,600 PARKER HANNIFIN CORP COM 701094104 10,701 124,000 SH SOLE 124,000 PENGROWTH ENERGY TR TR UNIT NEW 706902509 4,779 371,600 SH SOLE 371,600 PENN WEST ENERGY TR TR UNIT 707885109 16,002 669,000 SH CALL SOLE 669,000 PENN WEST ENERGY TR TR UNIT 707885109 9,743 407,300 SH SOLE 407,300 PEP BOYS MANNY MOE & JACK COM 713278109 6,222 463,296 SH SOLE 463,296 PLUM CREEK TIMBER CO INC COM 729251108 1,618 43,200 SH PUT SOLE 43,200 POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 12,892 567,700 SH PUT SOLE 567,700
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 - ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- ---------- ------ ---- PROVIDENT ENERGY TR TR UNIT 74386K104 1,854 233,200 SH SOLE 233,200 PSS WORLD MED INC COM 69366A100 6,509 288,000 SH SOLE 288,000 QUANTA SVCS INC COM 74762E102 11,219 563,200 SH SOLE 563,200 QUANTUM CORP COM DSSG 747906204 5,767 1,550,300 SH SOLE 1,550,300 REGENERX BIOPHARMACEUTICALS COM 75886X108 88 400,000 SH SOLE 400,000 REPUBLIC SVCS INC COM 760759100 10,378 347,547 SH SOLE 347,547 RESEARCH IN MOTION LTD COM 760975102 19,092 328,432 SH SOLE 328,432 ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 3,644 252,000 SH SOLE 252,000 RUBY TUESDAY INC COM 781182100 6,745 516,500 SH SOLE 516,500 RUTHS HOSPITALITY GROUP INC COM 783332109 3,358 725,200 SH SOLE 725,200 SAKS INC COM 79377W108 161 15,000 SH PUT SOLE 15,000 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 1,609 100,900 SH CALL SOLE 100,900 SHENGKAI INNOVATIONS INC COM 82321P104 201 35,000 SH SOLE 35,000 SHUFFLE MASTER INC COM 825549108 227 19,800 SH SOLE 19,800 SILVER WHEATON CORP COM 828336107 42,665 1,094,531 SH SOLE 1,094,531 SILVER WHEATON CORP COM 828336107 1,952 50,000 SH PUT SOLE 50,000 SKYWORKS SOLUTIONS INC COM 83088M102 1,718 60,000 SH CALL SOLE 60,000 SOUTHWEST AIRLS CO COM 844741108 332 25,600 SH PUT SOLE 25,600 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 7,006 567,534 SH SOLE 567,534 STANTEC INC COM 85472N109 7,476 267,293 SH SOLE 267,293 STARBUCKS CORP COM 855244109 10,137 315,500 SH SOLE 315,500 SUNCOR ENERGY INC NEW COM 867224107 9,343 244,000 SH CALL SOLE 244,000 SXC HEALTH SOLUTIONS CORP COM 78505P100 28,728 674,884 SH SOLE 674,884 TEREX CORP NEW COM 880779103 1,552 50,000 SH PUT SOLE 50,000 TEREX CORP NEW COM 880779103 636 20,500 SH SOLE 20,500 TETRA TECH INC NEW COM 88162G103 5,441 217,100 SH SOLE 217,100 THOMAS & BETTS CORP COM 884315102 9,898 204,936 SH SOLE 204,936 TIVO INC COM 888706108 1,726 200,000 SH CALL SOLE 200,000 TOMOTHERAPY INC COM 890088107 1,938 536,957 SH SOLE 536,957 TORONTO DOMINION BK ONT COM NEW 891160509 2,965 39,900 SH SOLE 39,900 TRIANGLE PETE CORP COM NEW 89600B201 4,544 699,000 SH SOLE 699,000 TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 11,678 1,167,800 SH SOLE 1,167,800 TYSON FOODS INC CL A 902494103 861 50,000 SH PUT SOLE 50,000 UNITED STATES OIL FUND LP UNITS 91232N108 2,574 66,000 SH CALL SOLE 66,000 VERISK ANALYTICS INC CL A 92345Y106 7,276 213,500 SH SOLE 213,500 VERIZON COMMUNICATIONS INC COM 92343V104 1,199 33,500 SH SOLE 33,500 VERIZON COMMUNICATIONS INC COM 92343V104 2,254 63,000 SH PUT SOLE 63,000 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 11,611 7,000,000 PRN SOLE 7,000,000 WESTERN UN CO COM 959802109 7,913 426,140 SH SOLE 426,140 WESTWAY GROUP INC *W EXP 05/24/201 96169B118 64 530,000 SH SOLE 530,000 YAMANA GOLD INC COM 98462Y100 9,152 715,000 SH SOLE 715,000
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