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 Laboratories Common 002824100 371 8,266 SH   SOLE   8,266 0 0
Abbvie Inc Common 00287Y109 358 6,042 SH   SOLE   6,042 0 0
Air Industries Group Inc Common 00912N205 340 41,746 SH   SOLE   41,746 0 0
Alphabet Inc - Cl C Non-Voting Common 02079K107 3,962 5,221 SH   SOLE   5,221 0 0
Alphabet Inc - Par Ordinary Common 02079K305 5,079 6,528 SH   SOLE   6,528 0 0
Altria Group Inc Common 02209S103 393 6,752 SH   SOLE   6,752 0 0
American International Group Common 026874784 15,261 246,266 SH   SOLE   246,266 0 0
Anadarko Petroleum Corp Common 032511107 228 4,701 SH   SOLE   4,701 0 0
Annaly Capital Management Inc Common 035710409 131 13,945 SH   SOLE   13,945 0 0
Anthem Inc. Common 036752103 286 2,050 SH   SOLE   2,050 0 0
Ares Capital Corp. Conv Bond 04010LAB9 2,299 2,300,000 PRN   SOLE   2,300,000 0 0
AT&T Inc Common 00206R102 339 9,858 SH   SOLE   9,858 0 0
Bank of New York Mellon Common 064058100 373 9,045 SH   SOLE   9,045 0 0
Barrick Gold Corp Common 067901108 106 14,373 SH   SOLE   14,373 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 16,120 122,084 SH   SOLE   122,084 0 0
Boeing Co Common 097023105 305 2,109 SH   SOLE   2,109 0 0
Bridgeline Digital Inc - Reg D Common 10807Q304 68 63,158 SH   SOLE   63,158 0 0
Bristol-Myers Squibb Co Common 110122108 405 5,888 SH   SOLE   5,888 0 0
Capital One Financial Corp. Warrant 14040H139 421 13,440 SH   SOLE   13,440 0 0
CenturyLink, Inc. Common 156700106 208 8,281 SH   SOLE   8,281 0 0
Chesapeake Energy Corp - Callable after 05/15/17 Conv Bond 165167BZ9 1,222 2,600,000 PRN   SOLE   2,600,000 0 0
Chevron Corp Common 166764100 345 3,833 SH   SOLE   3,833 0 0
Chicago Bridge & Iron Company NV Common 167250109 9,051 232,144 SH   SOLE   232,144 0 0
Cisco Systems Inc Common 17275R102 11,277 415,274 SH   SOLE   415,274 0 0
Citigroup Inc Common 172967424 8,526 164,752 SH   SOLE   164,752 0 0
Coca-Cola Co Common 191216100 387 8,999 SH   SOLE   8,999 0 0
Consol Energy Inc Common 20854P109 5,016 634,923 SH   SOLE   634,923 0 0
Danaher Corp Common 235851102 12,472 134,284 SH   SOLE   134,284 0 0
Dean Foods Company Common 242370203 354 20,664 SH   SOLE   20,664 0 0
Eli Lilly & Co Common 532457108 295 3,497 SH   SOLE   3,497 0 0
Emerson Electric Co Common 291011104 330 6,901 SH   SOLE   6,901 0 0
Exxon Mobil Corp Common 30231G102 554 7,108 SH   SOLE   7,108 0 0
Fair Isaac & Co Common 303250104 2,092 22,209 SH   SOLE   22,209 0 0
First Financial Bancorp Warrants Warrant 320209117 457 72,720 SH   SOLE   72,720 0 0
Fiserv Inc Wisconsin Common 337738108 278 3,036 SH   SOLE   3,036 0 0
General Electric Co Common 369604103 732 23,514 SH   SOLE   23,514 0 0
Genworth Financial Inc Cl-A Common 37247d106 47 12,728 SH   SOLE   12,728 0 0
Goldcorp Inc. Common 380956409 116 10,075 SH   SOLE   10,075 0 0
Goldman Sachs Group Inc Common 38141G104 8,771 48,665 SH   SOLE   48,665 0 0
Hartford Financial Service Group Warrants Warrant 416515120 7,573 209,884 SH   SOLE   209,884 0 0
Hewlett Packard Enterprise Common 42824C109 3,505 230,575 SH   SOLE   230,575 0 0
Hornbeck Offshore Services Conv Bond 440543AN6 1,359 2,400,000 PRN   SOLE   2,400,000 0 0
Horsehead Holding Corp Conv Bond 440694AB3 352 1,375,000 PRN   SOLE   1,375,000 0 0
HP Inc Common 40434L105 2,738 231,220 SH   SOLE   231,220 0 0
Illinois Tool Works Inc Common 452308109 10,246 110,549 SH   SOLE   110,549 0 0
Intel Corp Conv Bond 458140AD2 5,373 4,200,000 PRN   SOLE   4,200,000 0 0
iShares Barclays 1-3 Year Cr ETF 464288646 5,884 56,256 SH   SOLE   56,256 0 0
iShares Russell 3000 Index Common 464287689 1,886 15,675 SH   SOLE   15,675 0 0
Jefferies Group - Putable at 100 Conv Bond 472319AG7 2,030 2,040,000 PRN   SOLE   2,040,000 0 0
Johnson & Johnson Common 478160104 14,806 144,136 SH   SOLE   144,136 0 0
Kohl's Corp Common 500255104 10,777 226,266 SH   SOLE   226,266 0 0
Leucadia National Corp Common 527288104 10,141 583,137 SH   SOLE   583,137 0 0
Lincoln National Corp Warrants Warrant 534187117 703 16,540 SH   SOLE   16,540 0 0
Loews Corp. Common 540424108 9,418 245,266 SH   SOLE   245,266 0 0
Mednax Inc Common 58502B106 363 5,067 SH   SOLE   5,067 0 0
Microsoft Corp Common 594918104 12,215 220,166 SH   SOLE   220,166 0 0
National Presto Industries Common 637215104 10,642 128,428 SH   SOLE   128,428 0 0
Newmont Mining Corp Common 651639106 310 17,207 SH   SOLE   17,207 0 0
Park National Corp Common 700658107 2,065 22,823 SH   SOLE   22,823 0 0
Paychex Inc Common 704326107 461 8,722 SH   SOLE   8,722 0 0
Pepsico Inc Common 713448108 255 2,556 SH   SOLE   2,556 0 0
Petroleo Brasileiro S.A Common 71654V408 131 30,457 SH   SOLE   30,457 0 0
Procter & Gamble Co Common 742718109 471 5,931 SH   SOLE   5,931 0 0
RAIT Financial Trust Common 749227609 129 47,739 SH   SOLE   47,739 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AB0 1,739 2,200,000 PRN   SOLE   2,200,000 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AA2 141 145,000 PRN   SOLE   145,000 0 0
Redwood Trust Inc. Conv Bond 758075AB1 2,142 2,300,000 PRN   SOLE   2,300,000 0 0
Republic Services Inc Common 760759100 10,138 230,451 SH   SOLE   230,451 0 0
RTI Intl Metals Conv Bond 74973WAB3 2,456 2,400,000 PRN   SOLE   2,400,000 0 0
Schwab International Equity Fund ETF Common 808524805 264 9,590 SH   SOLE   9,590 0 0
Servisfirst Bancshares Inc Common 81768T108 4,380 92,148 SH   SOLE   92,148 0 0
Smith & Wesson Holding Corp Common 831756101 12,704 577,982 SH   SOLE   577,982 0 0
Spdr S&P Oil & Gas Exploration Common 78464A730 715 23,655 SH   SOLE   23,655 0 0
State National Companies Inc. Common 85711T305 196 20,000 SH   SOLE   20,000 0 0
Stryker Corp Common 863667101 9,779 105,214 SH   SOLE   105,214 0 0
Thermo Fisher Scientific Inc Common 883556102 9,343 65,868 SH   SOLE   65,868 0 0
Time Warner Inc Common 887317303 266 4,108 SH   SOLE   4,108 0 0
Under Armour Inc Common 904311107 263 3,262 SH   SOLE   3,262 0 0
Vanguard Total World Stock ETF Common 922042742 274 4,750 SH   SOLE   4,750 0 0
Wal-Mart Stores Inc Common 931142103 426 6,947 SH   SOLE   6,947 0 0
Waste Management Inc Common 94106L109 460 8,615 SH   SOLE   8,615 0 0
Wells Fargo & Co Common 949746101 11,410 209,898 SH   SOLE   209,898 0 0
Xerox Corp Common 984121103 9,981 938,963 SH   SOLE   938,963 0 0