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
ABBOTT LABS COM 002824100 148 20,000 SH Call OTR 1 2 0 20,000 0
ACE LTD SHS H0023R105 103 996 SH   OTR 1 2 0 996 0
ACE LTD SHS H0023R105 222 16,600 SH Call OTR 1 2 0 16,600 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 282 2,500 SH   OTR 1 2 0 2,500 0
ALLSTATE CORP COM 020002101 415 7,600 SH   OTR 1 2 0 7,600 0
ALLSTATE CORP COM 020002101 168 20,000 SH Call OTR 1 2 0 20,000 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 9 442 SH   OTR 1 2 0 442 0
AMERICAN INTL GROUP INC COM NEW 026874784 384 7,520 SH   OTR 1 2 0 7,520 0
AMERICAN INTL GROUP INC COM NEW 026874784 543 35,000 SH Call OTR 1 2 0 35,000 0
AT&T INC COM 00206R102 256 7,295 SH   OTR 1 2 0 7,295 0
BANK NEW YORK MELLON CORP COM 064058100 70 2,000 SH   OTR 1 2 0 2,000 0
BANK NEW YORK MELLON CORP COM 064058100 176 30,000 SH Call OTR 1 2 0 30,000 0
BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 474 73,241 SH   OTR 1 2 0 73,241 0
BANK OF AMERICA CORPORATION COM 060505104 5,858 376,259 SH   OTR 1 2 0 376,259 0
BANK OF AMERICA CORPORATION COM 060505104 1,366 192,400 SH Call OTR 1 2 0 192,400 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 98 47,100 SH Call OTR 1 2 0 47,100 0
BB&T CORP COM 054937107 2,338 62,656 SH   OTR 1 2 0 62,656 0
BB&T CORP COM 054937107 343 46,100 SH Call OTR 1 2 0 46,100 0
BBCN BANCORP INC COM 073295107 331 19,981 SH   OTR 1 2 0 19,981 0
BECTON DICKINSON & CO COM 075887109 221 2,000 SH   OTR 1 2 0 2,000 0
BRISTOL MYERS SQUIBB CO COM 110122108 149 2,800 SH   OTR 1 2 0 2,800 0
BRISTOL MYERS SQUIBB CO COM 110122108 139 10,000 SH Call OTR 1 2 0 10,000 0
BROOKLINE BANCORP INC DEL COM 11373M107 272 28,505 SH   OTR 1 2 0 28,505 0
C&J ENERGY SVCS INC COM 12467B304 266 11,500 SH   OTR 1 2 0 11,500 0
CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 3,347 94,430 SH   OTR 1 2 0 94,430 0
CAPITAL ONE FINL CORP COM 14040H105 1,747 22,810 SH   OTR 1 2 0 22,810 0
CERUS CORP COM 157085101 109 16,837 SH   OTR 1 2 0 16,837 0
CISCO SYS INC COM 17275R102 37 10,000 SH Call OTR 1 2 0 10,000 0
CIT GROUP INC COM NEW 125581801 839 16,100 SH   OTR 1 2 0 16,100 0
CIT GROUP INC COM NEW 125581801 92 10,000 SH Call OTR 1 2 0 10,000 0
CITIGROUP INC COM NEW 172967424 1,865 35,785 SH   OTR 1 2 0 35,785 0
CITIGROUP INC COM NEW 172967424 838 55,800 SH Call OTR 1 2 0 55,800 0
CNO FINL GROUP INC COM 12621E103 5,213 294,671 SH   OTR 1 2 0 294,671 0
COMERICA INC *W EXP 11/14/201 200340115 1,822 95,642 SH   OTR 1 2 0 95,642 0
COMERICA INC COM 200340107 421 8,850 SH   OTR 1 2 0 8,850 0
CONNECTONE BANCORP INC COM 20786U101 396 10,000 SH   OTR 1 2 0 10,000 0
DISCOVER FINL SVCS COM 254709108 448 8,000 SH   OTR 1 2 0 8,000 0
DISCOVER FINL SVCS COM 254709108 359 27,000 SH Call OTR 1 2 0 27,000 0
EASTERN VA BANKSHARES INC COM 277196101 112 16,000 SH   OTR 1 2 0 16,000 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 387 6,600 SH   OTR 1 2 0 6,600 0
ENTERPRISE FINL SVCS CORP COM 293712105 679 33,249 SH   OTR 1 2 0 33,249 0
ESSA BANCORP INC COM 29667D104 233 20,179 SH   OTR 1 2 0 20,179 0
FACEBOOK INC CL A 30303M102 574 10,500 SH   OTR 1 2 0 10,500 0
FACEBOOK INC CL A 30303M102 74 5,000 SH Put OTR 1 2 0 5,000 0
FIFTH THIRD BANCORP COM 316773100 1,859 88,386 SH   OTR 1 2 0 88,386 0
FIFTH THIRD BANCORP COM 316773100 302 56,000 SH Call OTR 1 2 0 56,000 0
FIRST CLOVER LEAF FIN CORP COM 31969M105 174 17,752 SH   OTR 1 2 0 17,752 0
FIRST FINL HLDGS INC NEW COM 32023E105 2,184 32,836 SH   OTR 1 2 0 32,836 0
FIRST NIAGARA FINL GP INC COM 33582V108 114 10,725 SH   OTR 1 2 0 10,725 0
GENIE ENERGY LTD CL B 372284208 365 35,739 SH   OTR 1 2 0 35,739 0
GOLDMAN SACHS GROUP INC COM 38141G104 278 7,400 SH Call OTR 1 2 0 7,400 0
HAMPTON ROADS BANKSHARES INC COM NEW 409321502 785 448,510 SH   OTR 1 2 0 448,510 0
HANCOCK HLDG CO COM 410120109 1,162 31,683 SH   OTR 1 2 0 31,683 0
HANMI FINL CORP COM NEW 410495204 426 19,473 SH   OTR 1 2 0 19,473 0
HANOVER INS GROUP INC COM 410867105 778 13,026 SH   OTR 1 2 0 13,026 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 1,375 49,955 SH   OTR 1 2 0 49,955 0
HOLOGIC INC COM 436440101 52 11,000 SH Call OTR 1 2 0 11,000 0
HUDSON CITY BANCORP COM 443683107 168 17,764 SH   OTR 1 2 0 17,764 0
HUDSON VALLEY HOLDING CORP COM 444172100 660 32,443 SH   OTR 1 2 0 32,443 0
HUNTINGTON BANCSHARES INC COM 446150104 717 74,330 SH   OTR 1 2 0 74,330 0
HUNTSMAN CORP COM 447011107 107 15,000 SH Call OTR 1 2 0 15,000 0
IMPAC MTG HLDGS INC COM NEW 45254P508 576 96,365 SH   OTR 1 2 0 96,365 0
INVENSENSE INC COM 46123D205 89 10,000 SH Call OTR 1 2 0 10,000 0
INVESTORS BANCORP INC COM 46146P102 1,557 60,871 SH   OTR 1 2 0 60,871 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 2,254 116,220 PRN   OTR 1 2 0 116,220 0
JPMORGAN CHASE & CO COM 46625H100 1,207 20,634 SH   OTR 1 2 0 20,634 0
JPMORGAN CHASE & CO COM 46625H100 1,074 85,500 SH Call OTR 1 2 0 85,500 0
KEYCORP NEW COM 493267108 2,284 170,201 SH   OTR 1 2 0 170,201 0
KEYCORP NEW COM 493267108 189 30,000 SH Call OTR 1 2 0 30,000 0
KULICKE & SOFFA INDS INC COM 501242101 185 13,900 SH   OTR 1 2 0 13,900 0
LEADING BRANDS INC COM NEW 52170U207 772 199,414 SH   OTR 1 2 0 199,414 0
LEGG MASON INC COM 524901105 357 8,200 SH   OTR 1 2 0 8,200 0
LENNAR CORP CL A 526057104 261 6,600 SH   OTR 1 2 0 6,600 0
LINCOLN NATL CORP IND COM 534187109 341 6,600 SH   OTR 1 2 0 6,600 0
M & T BK CORP *W EXP 12/23/201 55261F112 3,055 71,054 SH   OTR 1 2 0 71,054 0
MADISON SQUARE GARDEN CO CL A 55826P100 211 3,667 SH   OTR 1 2 0 3,667 0
MERCK & CO INC NEW COM 58933Y105 261 25,000 SH Call OTR 1 2 0 25,000 0
MERIDIAN INTERSTAT BANCORP I COM 58964Q104 338 14,985 SH   OTR 1 2 0 14,985 0
METLIFE INC COM 59156R108 445 34,400 SH Call OTR 1 2 0 34,400 0
METLIFE INC COM 59156R108 824 15,280 SH   OTR 1 2 0 15,280 0
MICROSOFT CORP COM 594918104 144 20,000 SH Call OTR 1 2 0 20,000 0
MIDSOUTH BANCORP INC COM 598039105 251 14,042 SH   OTR 1 2 0 14,042 0
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 362 29,420 SH   OTR 1 2 0 29,420 0
MORGAN STANLEY COM NEW 617446448 418 13,315 SH   OTR 1 2 0 13,315 0
MORGAN STANLEY COM NEW 617446448 468 32,700 SH Call OTR 1 2 0 32,700 0
NBT BANCORP INC COM 628778102 1,399 53,997 SH   OTR 1 2 0 53,997 0
NORTHWEST BANCSHARES INC MD COM 667340103 1,880 127,217 SH   OTR 1 2 0 127,217 0
PARTNERRE LTD COM G6852T105 713 6,761 SH   OTR 1 2 0 6,761 0
PATRIOT NATL BANCORP INC COM 70336F104 25 24,285 SH   OTR 1 2 0 24,285 0
PEOPLES FINL CORP MISS COM 71103B102 274 21,000 SH   OTR 1 2 0 21,000 0
PEOPLES UNITED FINANCIAL INC COM 712704105 1,468 97,075 SH   OTR 1 2 0 97,075 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121 211 11,890 SH   OTR 1 2 0 11,890 0
PNC FINL SVCS GROUP INC COM 693475105 3,597 46,366 SH   OTR 1 2 0 46,366 0
PNC FINL SVCS GROUP INC COM 693475105 209 12,000 SH Call OTR 1 2 0 12,000 0
POPULAR INC COM NEW 733174700 59 15,000 SH Call OTR 1 2 0 15,000 0
POPULAR INC COM NEW 733174700 558 19,430 SH   OTR 1 2 0 19,430 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,099 34,300 SH   OTR 1 2 0 34,300 0
REGIONS FINL CORP NEW COM 7591EP100 704 71,191 SH   OTR 1 2 0 71,191 0
REGIONS FINL CORP NEW COM 7591EP100 409 169,100 SH Call OTR 1 2 0 169,100 0
RITE AID CORP COM 767754104 723 142,890 SH   OTR 1 2 0 142,890 0
SEACOAST BKG CORP FLA COM NEW 811707801 1,092 89,490 SH   OTR 1 2 0 89,490 0
SOUTHCOAST FINANCIAL CORP COM 84129R100 133 23,000 SH   OTR 1 2 0 23,000 0
SOUTHERN NATL BANCORP OF VA COM 843395104 1,690 168,875 SH   OTR 1 2 0 168,875 0
STATE STR CORP COM 857477103 448 6,100 SH   OTR 1 2 0 6,100 0
SUNTRUST BKS INC *W EXP 12/31/201 867914129 72 7,354 SH   OTR 1 2 0 7,354 0
SUNTRUST BKS INC COM 867914103 1,009 27,418 SH   OTR 1 2 0 27,418 0
SUNTRUST BKS INC COM 867914103 99 10,000 SH Call OTR 1 2 0 10,000 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 496 38,647 SH   OTR 1 2 0 38,647 0
SYNOVUS FINL CORP COM 87161C105 1,282 356,022 SH   OTR 1 2 0 356,022 0
TALISMAN ENERGY INC COM 87425E103 43 20,000 SH Call OTR 1 2 0 20,000 0
TAYLOR CAP GROUP INC COM 876851106 13,765 517,888 SH   OTR 1 2 0 517,888 0
TOTAL SYS SVCS INC COM 891906109 16 477 SH   OTR 1 2 0 477 0
TOTAL SYS SVCS INC COM 891906109 103 10,000 SH Call OTR 1 2 0 10,000 0
TRAVELERS COMPANIES INC COM 89417E109 109 1,200 SH   OTR 1 2 0 1,200 0
TRAVELERS COMPANIES INC COM 89417E109 233 15,000 SH Call OTR 1 2 0 15,000 0
UNITED FINANCIAL BANCORP INC COM 91030T109 686 36,323 SH   OTR 1 2 0 36,323 0
UNITED PARCEL SERVICE INC CL B 911312106 41 2,000 SH Call OTR 1 2 0 2,000 0
UNITED PARCEL SERVICE INC CL B 911312106 210 2,000 SH   OTR 1 2 0 2,000 0
US BANCORP DEL COM NEW 902973304 1,002 24,800 SH   OTR 1 2 0 24,800 0
WATERSTONE FINANCIAL INC COM 941888109 168 15,100 SH   OTR 1 2 0 15,100 0
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 420 26,400 SH   OTR 1 2 0 26,400 0
WELLS FARGO & CO NEW COM 949746101 255 5,619 SH   OTR 1 2 0 5,619 0
WELLS FARGO & CO NEW COM 949746101 493 60,000 SH Call OTR 1 2 0 60,000 0
XEROX CORP COM 984121103 155 12,700 SH   OTR 1 2 0 12,700 0
XEROX CORP COM 984121103 47 15,000 SH Call OTR 1 2 0 15,000 0
YOU ON DEMAND HLDGS INC COM NEW 98741R207 79 35,150 SH   OTR 1 2 0 35,150 0