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

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OMB Number: 3235-0006
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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
ACORDA THERAPEUTICS INC COM 00484M106 13,269 350,000 SH   DFND 1,2,3,4,5 350,000 0 0
AGENUS INC COM NEW 00847G705 1,300 410,130 SH   DFND 1,2,3,4,5 410,130 0 0
AGIOS PHARMACEUTICALS INC COM 00847X104 3,915 100,000 SH   DFND 1,2,3,4,5 100,000 0 0
ALNYLAM PHARMACEUTICALS INC COM 02043Q107 13,764 205,000 SH   DFND 1,2,3,4,5 205,000 0 0
AMARIN CORP PLC SPONS ADR NEW 023111206 905 500,000 SH Call DFND 1,2,3,4,5 500,000 0 0
AMAZON COM INC COM 023135106 50,455 150,000 SH Call DFND 1,2,3,4,5 150,000 0 0
AMBIT BIOSCIENCES CORP COM 02318X100 2,280 250,000 SH   DFND 1,2,3,4,5 250,000 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 42,509 850,000 SH Call DFND 1,2,3,4,5 850,000 0 0
AMGEN INC COM 031162100 18,501 150,000 SH   DFND 1,2,3,4,5 150,000 0 0
AMGEN INC COM 031162100 12,334 100,000 SH Call DFND 1,2,3,4,5 100,000 0 0
ARRAY BIOPHARMA INC COM 04269X105 14,100 3,000,000 SH   DFND 1,2,3,4,5 3,000,000 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 37,373 1,375,000 SH   DFND 1,2,3,4,5 1,375,000 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 24,462 900,000 SH Call DFND 1,2,3,4,5 900,000 0 0
AVANIR PHARMACEUTICALS INC CL A NEW 05348P401 3,303 900,000 SH   DFND 1,2,3,4,5 900,000 0 0
AVANIR PHARMACEUTICALS INC CL A NEW 05348P401 4,771 1,300,000 SH Call DFND 1,2,3,4,5 1,300,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 17,200 1,000,000 SH Call DFND 1,2,3,4,5 1,000,000 0 0
BIOGEN IDEC INC COM 09062X103 22,940 75,000 SH Call DFND 1,2,3,4,5 75,000 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 35,810 525,000 SH   DFND 1,2,3,4,5 525,000 0 0
BIOMARIN PHARMACEUTICAL INC COM 09061G101 13,642 200,000 SH Call DFND 1,2,3,4,5 200,000 0 0
BLUEBIRD BIO INC COM 09609G100 3,411 150,000 SH   DFND 1,2,3,4,5 150,000 0 0
BRF SA SPONSORED ADR 10552T107 8,929 446,900 SH   DFND 1,2,3,4,5 446,900 0 0
BRF SA SPONSORED ADR 10552T107 29,970 1,500,000 SH Call DFND 1,2,3,4,5 1,500,000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 25,975 500,000 SH Call DFND 1,2,3,4,5 500,000 0 0
CASTLIGHT HEALTH INC CL B 14862Q100 2,122 100,000 SH   DFND 1,2,3,4,5 100,000 0 0
CEMENTOS PACASMAYO S A A SPON ADR REP 5 15126Q109 2,251 256,975 SH   DFND 1,2,3,4,5 256,975 0 0
CHEMOCENTRYX INC COM 16383L106 1,823 275,000 SH   DFND 1,2,3,4,5 275,000 0 0
CIT GROUP INC COM NEW 125581801 36,765 750,000 SH Call DFND 1,2,3,4,5 750,000 0 0
CITIGROUP INC COM NEW 172967424 14,280 300,000 SH   DFND 1,2,3,4,5 300,000 0 0
CITIGROUP INC COM NEW 172967424 88,060 1,850,000 SH Call DFND 1,2,3,4,5 1,850,000 0 0
CERES INC COM 156773103 7,209 8,192,167 SH   DFND 1,2,3,4 8,192,167 0 0
COLGATE PALMOLIVE CO COM 194162103 16,218 250,000 SH Call DFND 1,2,3,4,5 250,000 0 0
COMCAST CORP NEW CL A SPL 20030N200 3,658 75,000 SH   DFND 1,2,3,4,5 75,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 10,179 150,000 SH   DFND 1,2,3,4,5 150,000 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 16,965 250,000 SH Call DFND 1,2,3,4,5 250,000 0 0
DOLLAR GEN CORP NEW COM 256677105 13,870 250,000 SH   DFND 1,2,3,4,5 250,000 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 6,614 200,000 SH Call DFND 1,2,3,4,5 200,000 0 0
FURIEX PHARMACEUTICALS INC COM 36106P101 69,504 798,900 SH   DFND 1,2,3,4,5 798,900 0 0
FURIEX PHARMACEUTICALS INC COM 36106P101 8,700 100,000 SH Call DFND 1,2,3,4,5 100,000 0 0
GENERAL ELECTRIC CO COM 369604103 38,835 1,500,000 SH Call DFND 1,2,3,4,5 1,500,000 0 0
GENERAL MTRS CO COM 37045V100 12,047 350,000 SH   DFND 1,2,3,4,5 350,000 0 0
GENERAL MTRS CO COM 37045V100 43,025 1,250,000 SH Call DFND 1,2,3,4,5 1,250,000 0 0
GILEAD SCIENCES INC COM 375558103 17,715 250,000 SH Call DFND 1,2,3,4,5 250,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 20,481 125,000 SH Call DFND 1,2,3,4,5 125,000 0 0
GOOGLE INC CL A 38259P508 50,153 45,000 SH Call DFND 1,2,3,4,5 45,000 0 0
HALLIBURTON CO COM 406216101 8,834 150,000 SH Call DFND 1,2,3,4,5 150,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 17,635 500,000 SH Call DFND 1,2,3,4,5 500,000 0 0
IGNYTA INC COM 451731103 2,490 300,000 SH   DFND 1,2,3,4,5 300,000 0 0
IMMUNOGEN INC COM 45253H101 19,409 1,300,000 SH   DFND 1,2,3,4,5 1,300,000 0 0
IMMUNOGEN INC COM 45253H101 5,226 350,000 SH Call DFND 1,2,3,4,5 350,000 0 0
INCYTE CORP COM 45337C102 5,352 100,000 SH   DFND 1,2,3,4,5 100,000 0 0
INTEL CORP COM 458140100 19,361 750,000 SH Call DFND 1,2,3,4,5 750,000 0 0
IRONWOOD PHARMACEUTICALS INC COM CL A 46333X108 2,672 216,879 SH   DFND 1,2,3,4 216,879 0 0
ISHARES CHINA LG-CAP ETF 464287184 7,156 200,000 SH Call DFND 1,2,3,4,5 200,000 0 0
ISHARES MSCI MEX CAP ETF 464286822 9,593 150,000 SH Call DFND 1,2,3,4,5 150,000 0 0
ISHARES NASDQ BIOTEC ETF 464287556 70,920 300,000 SH Call DFND 1,2,3,4,5 300,000 0 0
ISHARES US HOME CONS ETF 464288752 18,165 750,000 SH Call DFND 1,2,3,4,5 750,000 0 0
ISIS PHARMACEUTICALS INC COM 464330109 4,321 100,000 SH   DFND 1,2,3,4,5 100,000 0 0
JPMORGAN CHASE & CO COM 46625H100 15,178 250,000 SH Call DFND 1,2,3,4,5 250,000 0 0
LEXICON PHARMACEUTICALS INC COM 528872104 9,607 5,553,292 SH   DFND 1,2,3,4,5 5,553,292 0 0
LEXICON PHARMACEUTICALS INC COM 528872104 428,727 247,818,843 SH   DFND 1,2,3,4 247,818,843 0 0
LILLY ELI & CO COM 532457108 11,772 200,000 SH Call DFND 1,2,3,4,5 200,000 0 0
MACYS INC COM 55616P104 5,929 100,000 SH Call DFND 1,2,3,4,5 100,000 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 12,583 250,000 SH Call DFND 1,2,3,4,5 250,000 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 12,471 150,000 SH   DFND 1,2,3,4,5 150,000 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 8,314 100,000 SH Call DFND 1,2,3,4,5 100,000 0 0
MERCK & CO INC NEW COM 58933Y105 73,801 1,300,000 SH Call DFND 1,2,3,4,5 1,300,000 0 0
MERITOR INC COM 59001K100 3,675 300,000 SH   DFND 1,2,3,4,5 300,000 0 0
METLIFE INC COM 59156R108 26,400 500,000 SH Call DFND 1,2,3,4,5 500,000 0 0
MGIC INVT CORP WIS COM 552848103 5,112 600,000 SH   DFND 1,2,3,4,5 600,000 0 0
MICRON TECHNOLOGY INC COM 595112103 9,464 400,000 SH Call DFND 1,2,3,4,5 400,000 0 0
MIRATI THERAPEUTICS INC COM 60468T105 4,768 250,000 SH   DFND 1,2,3,4,5 250,000 0 0
MORGAN STANLEY COM NEW 617446448 4,676 150,000 SH Call DFND 1,2,3,4,5 150,000 0 0
NEKTAR THERAPEUTICS COM 640268108 15,756 1,300,000 SH   DFND 1,2,3,4,5 1,300,000 0 0
NEKTAR THERAPEUTICS COM 640268108 3,636 300,000 SH Call DFND 1,2,3,4,5 300,000 0 0
NEOGEN CORP COM 640491106 2,248 50,000 SH   DFND 1,2,3,4,5 50,000 0 0
NOVAGOLD RES INC COM NEW 66987E206 4,332 1,200,000 SH Call DFND 1,2,3,4,5 1,200,000 0 0
NVIDIA CORP COM 67066G104 17,910 1,000,000 SH Call DFND 1,2,3,4,5 1,000,000 0 0
OCWEN FINL CORP COM NEW 675746309 21,549 550,000 SH Call DFND 1,2,3,4,5 550,000 0 0
PEPSICO INC COM 713448108 50,100 600,000 SH Call DFND 1,2,3,4,5 600,000 0 0
PHARMACYCLICS INC COM 716933106 21,046 210,000 SH   DFND 1,2,3,4,5 210,000 0 0
PHARMACYCLICS INC COM 716933106 9,020 90,000 SH Call DFND 1,2,3,4,5 90,000 0 0
QUALCOMM INC COM 747525103 43,373 550,000 SH Call DFND 1,2,3,4,5 550,000 0 0
RALPH LAUREN CORP CL A 751212101 8,047 50,000 SH   DFND 1,2,3,4,5 50,000 0 0
RALPH LAUREN CORP CL A 751212101 8,047 50,000 SH Call DFND 1,2,3,4,5 50,000 0 0
REALOGY HLDGS CORP COM 75605Y106 6,518 150,000 SH   DFND 1,2,3,4,5 150,000 0 0
SOPHIRIS BIO INC COM NEW 83578Q209 3,330 1,000,000 SH   DFND 1,2,3,4,5 1,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 130,907 700,000 SH Call DFND 1,2,3,4,5 700,000 0 0
STEMLINE THERAPEUTICS INC COM 85858C107 3,156 155,000 SH   DFND 1,2,3,4,5 155,000 0 0
TEREX CORP NEW COM 880779103 2,215 50,000 SH   DFND 1,2,3,4,5 50,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 31,704 600,000 SH Call DFND 1,2,3,4,5 600,000 0 0
WEIGHT WATCHERS INTL INC NEW COM 948626106 590,506 28,749,089 SH   DFND 1,2,3,4 28,749,089 0 0
WELLS FARGO & CO NEW COM 949746101 24,870 500,000 SH Call DFND 1,2,3,4,5 500,000 0 0
XOMA CORP DEL COM 98419J107 5,210 1,000,000 SH   DFND 1,2,3,4,5 1,000,000 0 0
YUM BRANDS INC COM 988498101 45,234 600,000 SH Call DFND 1,2,3,4,5 600,000 0 0
ZOETIS INC CL A 98978V103 8,682 300,000 SH Call DFND 1,2,3,4,5 300,000 0 0