The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 MANAGER SOLE SHARED NONE
ALLIANCE NEW YORK MUN INC FD COM 018714105 490 41,261 SH   DFND 1 41,261 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 10,862 212,771 SH   DFND 1 212,771 0 0
AMTRUST FINL SVCS INC NOTE 5.500%12/1 032359AC5 6,509 5,000,000 SH   DFND 1 5,000,000 0 0
APPLE INC COM 037833100 1,851 3,300 SH   DFND 1 3,300 0 0
ARIAD PHARMACEUTICALS INC COM 04033A100 682 100,000 SH   DFND 1 100,000 0 0
BIOTA PHARMACEUTICALS INC COM 090694100 1,886 450,000 SH   DFND 1 450,000 0 0
BLACKROCK NY MUNI INC QLTY T COM 09249U105 167 13,841 SH   DFND 1 13,841 0 0
BOSTON BEER INC CL A 100557107 2,418 10,000 SH Put DFND 1 10,000 0 0
BOSTON PRIVATE FINL HLDGS IN DEP SHS 101119303 2,020 94,600 SH   DFND 1 94,600 0 0
BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 4,109 202,000 SH Put DFND 1 202,000 0 0
CAESARS ACQUISITION CO CL A 12768T103 3,058 253,586 SH   DFND 1 253,586 0 0
COCA COLA CO COM 191216100 4,247 102,800 SH Call DFND 1 102,800 0 0
CODEXIS INC COM 192005106 1,488 1,062,500 SH   DFND 1 1,062,500 0 0
COVIDIEN PLC SHS G2554F113 5,820 85,464 SH   DFND 1 85,464 0 0
DURECT CORP COM 266605104 7,279 4,207,243 SH   DFND 1 4,207,243 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109 1,139 100,642 SH   DFND 1 100,642 0 0
EXACT SCIENCES CORP COM 30063P105 10,599 902,000 SH   DFND 1 902,000 0 0
EXACT SCIENCES CORP COM 30063P105 12,650 1,076,600 SH Put DFND 1 1,076,600 0 0
FRONTLINE LTD SHS G3682E127 1,025 274,000 SH Call DFND 1 274,000 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 8,130 160,000 SH   DFND 1 160,000 0 0
GEVO INC NOTE 7.500% 7/0 374396AA7 14,744 21,350,000 SH   DFND 1 21,350,000 0 0
GROUPE CGI INC CL A SUB VTG 39945C109 3,446 103,000 SH Put DFND 1 103,000 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 7,266 600,000 SH   DFND 1 600,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 4,771 255,000 SH Put DFND 1 255,000 0 0
KBR INC COM 48242W106 638 20,000 SH   DFND 1 20,000 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 4,033 50,000 SH Put DFND 1 50,000 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 10,777 350,000 SH Put DFND 1 350,000 0 0
LTX-CREDENCE CORP COM NEW 502403207 5,993 750,000 SH   DFND 1 750,000 0 0
MEDNAX INC COM 58502B106 9,608 180,000 SH Put DFND 1 180,000 0 0
MICRON TECHNOLOGY INC COM 595112103 6,917 318,000 SH   DFND 1 318,000 0 0
MONDELEZ INTL INC CL A 609207105 3,283 93,000 SH   DFND 1 93,000 0 0
NEWMONT MINING CORP COM 651639AJ5 4,535 196,900 SH Call DFND 1 196,900 0 0
NEWS CORP NEW CL A 65249B109 901 50,000 SH   DFND 1 50,000 0 0
NEWS CORP NEW CL B 65249B208 11,119 623,600 SH   DFND 1 623,600 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 485 50,000 SH   DFND 1 50,000 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 3,880 400,000 SH Call DFND 1 400,000 0 0
NUVEEN NY AMT-FREE MUN INCOM COM 670656107 16,852 1,372,300 SH   DFND 1 1,372,300 0 0
NUVEEN NY DIV ADVANTG MUN FD COM 67070A101 1,048 83,750 SH   DFND 1 83,750 0 0
NUVEEN NY DIVID ADVNTG MUN F COM 67066X107 633 49,805 SH   DFND 1 49,805 0 0
ORGANOVO HLDGS INC COM 68620A104 2,768 250,000 SH Put DFND 1 250,000 0 0
PAIN THERAPEUTICS INC COM 69562K100 2,076 427,071 SH   DFND 1 427,071 0 0
PENNEY J C INC COM 708160106 2,745 300,000 SH Call DFND 1 300,000 0 0
PENNEY J C INC COM 708160106 915 100,000 SH Put DFND 1 100,000 0 0
PHH CORP NOTE 6.000% 6/1 693320AQ6 3,101 1,500,000 SH   DFND 1 1,500,000 0 0
PHH CORP COM NEW 693320202 1,218 50,000 SH   DFND 1 50,000 0 0
PHOTOMEDEX INC COM PAR $0.01 719358301 2,590 200,000 SH Call DFND 1 200,000 0 0
PREFERRED APT CMNTYS INC COM 74039L103 4,457 554,359 SH   DFND 1 554,359 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 9,401 225,000 SH   DFND 1 225,000 0 0
SEQUENTIAL BRANDS GROUP INC COM NEW 817340201 5,400 1,000,000 SH   DFND 1 1,000,000 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 6,111 1,270,581 SH   DFND 1 1,270,581 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 58,617 504,800 SH Call DFND 1 504,800 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 34,836 300,000 SH Put DFND 1 300,000 0 0
STONEGATE MTG CORP COM 86181Q300 1,798 108,748 SH   DFND 1 108,748 0 0
TFS FINL CORP COM 87240R107 1,224 101,000 SH   DFND 1 101,000 0 0
TOWER GROUP INC NOTE 5.000% 9/1 891777AC8 2,973 3,500,000 SH   DFND 1 3,500,000 0 0
UNI PIXEL INC COM NEW 904572203 751 75,000 SH Put DFND 1 75,000 0 0
UNI PIXEL INC COM NEW 904572203 50 5,000 SH   DFND 1 5,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 4,032 80,000 SH   DFND 1 80,000 0 0
WRIGHT MED GROUP INC RIGHT 03/01/2019 98235T115 177 548,236 SH   DFND 1 548,236 0 0
XEROX CORP COM 984121103 5,781 475,000 SH   DFND 1 475,000 0 0
ZAZA ENERGY CORP COM 98919T100 120 125,600 SH   DFND 1 125,600 0 0
ZILLOW INC CL A 98954A107 1,438 17,600 SH Put DFND 1 17,600 0 0