0000902664-12-001104.txt : 20120814 0000902664-12-001104.hdr.sgml : 20120814 20120814152631 ACCESSION NUMBER: 0000902664-12-001104 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120814 DATE AS OF CHANGE: 20120814 EFFECTIVENESS DATE: 20120814 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: 121032364 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 p12-1494form13fhr.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: June 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 8/14/12 ------------------------ ------------------------------ ---------- 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: 138 ------------- Form 13F Information Table Value Total: $2,185,384 ------------- (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 12,894 200,000 SH CALL SOLE 0 0 0 AGILENT TECHNOLOGIES INC COM 00846U101 12,490 318,300 SH SOLE 318,300 0 0 ALLIANCE DATA SYSTEMS CORP NOTE 4.750% 5/1 018581AC2 71,793 25,000,000 PRN SOLE 0 0 0 ALTRIA GROUP INC COM 02209S103 10,365 300,000 SH CALL SOLE 0 0 0 ANDINA ACQUISITION CORP COM G0440W100 4,967 515,000 SH SOLE 515,000 0 0 ANDINA ACQUISITION CORP *W EXP 99/99/999 G0440W126 56 350,000 SH SOLE 350,000 0 0 APACHE CORP COM 037411105 13,254 150,800 SH SOLE 150,800 0 0 ARMOUR RESIDENTIAL REIT INC *W EXP 11/07/201 042315119 5 305,800 SH SOLE 305,800 0 0 ASHLAND INC NEW COM 044209104 8,400 121,200 SH SOLE 121,200 0 0 AURICO GOLD INC COM 05155C105 8,067 1,007,130 SH SOLE 1,007,130 0 0 AUSTRALIA ACQUISITION CORP SHS G06368107 8,500 850,000 SH SOLE 850,000 0 0 BARCLAYS BK PLC ETN DJUBS COPR37 06739F101 6,677 150,000 SH PUT SOLE 0 0 0 BAYTEX ENERGY CORP COM 07317Q105 4,211 100,000 SH CALL SOLE 0 0 0 BGS ACQUISITION CORP SHS G1082J100 4,926 510,200 SH SOLE 510,200 0 0 BIOMARIN PHARMACEUTICAL INC NOTE 1.875% 4/2 09061GAD3 30,666 15,000,000 PRN SOLE 0 0 0 BLUE WOLF MONGOLIA HOLDINGS SHS G11962100 6,480 669,800 SH SOLE 669,800 0 0 BLUE WOLF MONGOLIA HOLDINGS *W EXP 07/20/201 G11962118 60 176,300 SH SOLE 176,300 0 0 BROADCOM CORP CL A 111320107 8,275 245,100 SH SOLE 245,100 0 0 BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 6,783 622,252 SH SOLE 622,252 0 0 BRUKER CORP COM 116794108 22,936 1,723,233 SH SOLE 1,723,233 0 0 BRUNSWICK CORP COM 117043109 17,995 809,851 SH SOLE 809,851 0 0 CACI INTL INC NOTE 2.125% 5/0 127190AD8 11,396 10,000,000 PRN SOLE 0 0 0 CADENCE DESIGN SYSTEM INC NOTE 2.625% 6/0 127387AJ7 23,327 15,000,000 PRN SOLE 0 0 0 CAZADOR ACQUISITION CORPORAT SHS G19867103 5,533 560,000 SH SOLE 560,000 0 0 CE FRANKLIN LTD. COM 125151100 946 75,800 SH SOLE 75,800 0 0 CELESTICA INC SUB VTG SHS 15101Q108 13,578 1,870,298 SH SOLE 1,870,298 0 0 CHINA GROWTH EQUITY INV LTD SHS G2114K107 5,870 603,000 SH SOLE 603,000 0 0 CISCO SYS INC COM 17275R102 15,027 875,200 SH SOLE 875,200 0 0 COCA COLA CO COM 191216100 23,457 300,000 SH CALL SOLE 0 0 0 COHERENT INC COM 192479103 2,424 56,214 SH SOLE 56,214 0 0 COINSTAR INC NOTE 4.000% 9/0 19259PAF9 17,974 10,000,000 PRN SOLE 0 0 0 COMPANHIA DE BEBIDAS DAS AME SPON ADR PFD 20441W203 5,397 140,800 SH CALL SOLE 0 0 0 CORELOGIC INC COM 21871D103 15,064 822,700 SH SOLE 822,700 0 0 COSTAMARE INC SHS Y1771G102 7,926 570,182 SH SOLE 570,182 0 0 COTT CORP QUE COM 22163N106 4,294 522,979 SH SOLE 522,979 0 0 CUBIST PHARMACEUTICALS INC NOTE 2.500%11/0 229678AD9 21,638 15,000,000 PRN SOLE 0 0 0 E M C CORP MASS NOTE 1.750%12/0 268648AM4 8,128 5,000,000 PRN SOLE 0 0 0 ELECTRONICS FOR IMAGING INC COM 286082102 22,658 1,394,312 SH SOLE 1,394,312 0 0 ENBRIDGE INC COM 29250N105 9,980 250,000 SH CALL SOLE 0 0 0 ENDO HEALTH SOLUTIONS INC NOTE 1.750% 4/1 29264FAB2 18,119 15,000,000 PRN SOLE 0 0 0 EPIQ SYS INC COM 26882D109 5,351 436,800 SH SOLE 436,800 0 0 EQUIFAX INC COM 294429105 21,613 463,805 SH SOLE 463,805 0 0 EQUINIX INC NOTE 3.000%10/1 29444UAG1 17,594 10,399,000 PRN SOLE 0 0 0 EQUINIX INC NOTE 4.750% 6/1 29444UAH9 14,823 6,730,000 PRN SOLE 0 0 0 EXTREME NETWORKS INC COM 30226D106 7,274 2,114,505 SH SOLE 2,114,505 0 0 FAMILY DLR STORES INC COM 307000109 13,296 200,000 SH CALL SOLE 0 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 15,508 455,042 SH SOLE 455,042 0 0 FIFTH & PAC COS INC COM 316645100 7,306 680,900 SH SOLE 680,900 0 0 FIRST MAJESTIC SILVER CORP COM 32076V103 19,207 1,329,200 SH SOLE 1,329,200 0 0 FIRSTSERVICE CORP SDCV 6.500%12/3 33761NAA7 22,849 19,454,000 PRN SOLE 0 0 0 FORD MTR CO DEL *W EXP 01/01/201 345370134 2,848 2,565,406 SH SOLE 2,565,406 0 0 FORTUNE BRANDS HOME & SEC IN COM 34964C106 4,926 221,200 SH SOLE 221,200 0 0 GENERAL MTRS CO COM 37045V100 2,662 135,000 SH SOLE 135,000 0 0 GILEAD SCIENCES INC NOTE 1.625% 5/0 375558AP8 13,001 10,000,000 PRN SOLE 0 0 0 GLOBAL EAGLE ACQUISITION COR COM 37951D102 8,188 837,650 SH SOLE 837,650 0 0 GOLD STD VENTURES CORP COM 380738104 384 200,000 SH SOLE 200,000 0 0 GOOGLE INC CL A 38259P508 15,894 27,400 SH SOLE 27,400 0 0 GOOGLE INC CL A 38259P508 108,125 186,400 SH PUT SOLE 0 0 0 GORDMANS STORES INC COM 38269P100 11,550 700,000 SH SOLE 700,000 0 0 GROUPE CGI INC CL A SUB VTG 39945C109 48,314 2,013,931 SH SOLE 2,013,931 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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- --------- ------ ---- HALLIBURTON CO COM 406216101 10,939 385,300 SH SOLE 385,300 0 0 HARMONIC INC COM 413160102 4,997 1,172,995 SH SOLE 1,172,995 0 0 HICKS ACQUISITION CO II INC COM 429090103 13,382 1,347,600 SH SOLE 1,347,600 0 0 HOLOGIC INC COM 436440101 8,331 461,800 SH SOLE 461,800 0 0 HUDSON GLOBAL INC COM 443787106 5,574 1,336,613 SH SOLE 1,336,613 0 0 IDEX CORP COM 45167R104 22,214 569,892 SH SOLE 569,892 0 0 IMRIS INC COM 45322N105 3,653 1,213,515 SH SOLE 1,213,515 0 0 INTERFACE INC COM 458665304 9,590 703,600 SH SOLE 703,600 0 0 ISHARES TR HIGH YLD CORP 464288513 4,565 50,000 SH PUT SOLE 0 0 0 ISHARES TR DJ HOME CONSTN 464288752 9,963 592,700 SH SOLE 592,700 0 0 IVANHOE MINES LTD COM 46579N103 3,751 387,544 SH SOLE 387,544 0 0 JACK IN THE BOX INC COM 466367109 5,228 187,500 SH SOLE 187,500 0 0 KB HOME COM 48666K109 4,900 500,000 SH CALL SOLE 0 0 0 KB HOME COM 48666K109 3,418 348,800 SH SOLE 348,800 0 0 KNIGHT CAP GROUP INC NOTE 3.500% 3/1 499005AE6 9,367 10,000,000 PRN SOLE 0 0 0 KRISPY KREME DOUGHNUTS INC COM 501014104 12,442 1,947,100 SH SOLE 1,947,100 0 0 LINCARE HLDGS INC NOTE 2.750%11/0 532791AF7 31,212 22,500,000 PRN SOLE 0 0 0 LOUISIANA PAC CORP COM 546347105 4,498 413,400 SH SOLE 413,400 0 0 LSI CORPORATION COM 502161102 3,662 574,900 SH SOLE 574,900 0 0 MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 96,488 2,155,200 SH PUT SOLE 0 0 0 MCGRAW HILL COS INC COM 580645109 8,955 199,000 SH CALL SOLE 0 0 0 MCMORAN EXPLORATION CO NOTE 4.000%12/3 582411AJ3 479 450,000 PRN SOLE 0 0 0 MIPS TECHNOLOGIES INC COM 604567107 6,337 950,000 SH CALL SOLE 0 0 0 MOVE INC COM NEW 62458M207 17,912 1,970,545 SH SOLE 1,970,545 0 0 MSC INDL DIRECT INC CL A 553530106 5,119 78,100 SH SOLE 78,100 0 0 NAUTILUS MARINE ACQUISIT COR SHS Y6255E101 5,847 596,280 SH SOLE 596,280 0 0 NAUTILUS MARINE ACQUISIT COR *W EXP 06/17/201 Y6255E119 74 400,000 SH SOLE 400,000 0 0 NEVADA GOLD & CASINOS INC COM NEW 64126Q206 171 148,470 SH SOLE 148,470 0 0 NEW GOLD INC CDA COM 644535106 3,754 395,124 SH SOLE 395,124 0 0 NEWPORT CORP COM 651824104 8,106 674,388 SH SOLE 674,388 0 0 NRG ENERGY INC COM NEW 629377508 4,080 235,000 SH SOLE 235,000 0 0 OPEN TEXT CORP COM 683715106 30,875 605,275 SH SOLE 605,275 0 0 PATTERSON UTI ENERGY INC COM 703481101 8,692 597,000 SH SOLE 597,000 0 0 PRECISION DRILLING CORP COM 2010 74022D308 18,126 2,657,838 SH SOLE 2,657,838 0 0 PRIME ACQUISITION CORP SHS G72436101 4,724 488,000 SH SOLE 488,000 0 0 RED ROBIN GOURMET BURGERS IN COM 75689M101 4,094 134,183 SH SOLE 134,183 0 0 REGAL BELOIT CORP COM 758750103 11,798 189,500 SH SOLE 189,500 0 0 REPUBLIC SVCS INC COM 760759100 19,449 735,047 SH SOLE 735,047 0 0 RESEARCH IN MOTION LTD COM 760975102 13,122 1,775,700 SH SOLE 1,775,700 0 0 ROI ACQUISITION CORP COM 74966A104 4,752 498,900 SH SOLE 498,900 0 0 ROI ACQUISITION CORP *W EXP 02/28/201 74966A112 60 149,000 SH SOLE 149,000 0 0 SBA COMMUNICATIONS CORP NOTE 4.000%10/0 78388JAM8 38,590 20,000,000 PRN SOLE 0 0 0 SCG FINL ACQUISITION CORP COM 78404K103 9,120 941,205 SH SOLE 941,205 0 0 SCORPIO TANKERS INC SHS Y7542C106 7,807 1,221,806 SH SOLE 1,221,806 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 14,635 1,000,000 SH PUT SOLE 0 0 0 SEMGROUP CORP *W EXP 11/30/201 81663A113 1,548 171,000 SH SOLE 171,000 0 0 SHUFFLE MASTER INC COM 825549108 4,266 309,100 SH SOLE 309,100 0 0 SILVER STD RES INC COM 82823L106 1,557 138,552 SH SOLE 138,552 0 0 SMITH A O COM 831865209 15,750 322,158 SH SOLE 322,158 0 0 SPDR GOLD TRUST GOLD SHS 78463V107 3,135 20,200 SH SOLE 20,200 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 231,379 1,700,000 SH PUT SOLE 0 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 204,158 1,500,000 SH CALL SOLE 0 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 40,832 300,000 SH SOLE 300,000 0 0 SPDR SERIES TRUST S&P REGL BKG 78464A698 18,651 681,200 SH SOLE 681,200 0 0 SPROTT PHYSICAL GOLD TRUST UNIT 85207H104 5,443 394,725 SH SOLE 394,725 0 0 STANLEY BLACK & DECKER INC COM 854502101 22,269 346,000 SH SOLE 346,000 0 0 STERICYCLE INC COM 858912108 12,146 132,500 SH CALL SOLE 0 0 0 SXC HEALTH SOLUTIONS CORP COM 78505P100 35,681 353,166 SH SOLE 353,166 0 0 SYCAMORE NETWORKS INC COM NEW 871206405 5,185 357,103 SH SOLE 357,103 0 0 TAHOE RES INC COM 873868103 10,429 750,838 SH SOLE 750,838 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 ---------------------------- ---------------- --------- -------- ---------- --- ---- ---------- -------- --------- ------ ---- TELUS CORP NON-VTG SHS 87971M202 10,497 179,500 SH SOLE 179,500 0 0 TRANSGLOBE ENERGY CORP COM 893662106 18,374 2,053,000 SH SOLE 2,053,000 0 0 TRIO MERGER CORP COM 896697109 5,517 564,700 SH SOLE 564,700 0 0 TRW AUTOMOTIVE INC NOTE 3.500%12/0 87264MAH2 8,735 6,000,000 PRN SOLE 0 0 0 UAL CORP NOTE 6.000%10/1 902549AJ3 28,915 10,000,000 PRN SOLE 0 0 0 UNITED RENTALS INC COM 911363109 5,606 164,700 SH SOLE 164,700 0 0 UNITED STATES OIL FUND LP UNITS 91232N108 3,183 100,000 SH CALL SOLE 0 0 0 UNIVERSAL BUSINESS PMT SOL A COM 913384103 7,505 1,250,777 SH SOLE 1,250,777 0 0 UNIVERSAL BUSINESS PMT SOL A *W EXP 05/09/201 913384111 36 206,637 SH SOLE 206,637 0 0 VALERO ENERGY CORP NEW COM 91913Y100 10,754 445,300 SH SOLE 445,300 0 0 VALUECLICK INC COM 92046N102 3,289 200,700 SH SOLE 200,700 0 0 VCA ANTECH INC COM 918194101 17,235 784,107 SH SOLE 784,107 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 16,665 375,000 SH CALL SOLE 0 0 0 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 37,375 25,000,000 PRN SOLE 0 0 0 WILLIAMS COS INC DEL COM 969457100 8,646 300,000 SH CALL 0 0 0 WNS HOLDINGS LTD SPON ADR 92932M101 7,486 769,413 SH 769,413 0 0 YAMANA GOLD INC COM 98462Y100 216 14,040 SH 14,040 0 0 ZEBRA TECHNOLOGIES CORP CL A 989207105 14,820 431,314 SH CALL 0 0 0