ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1 14835 14500000 PRN SOLE 14500000 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 49800 9503907 SH SOLE 9503907 0 0 ALPHA NATURAL RESOURCES INC COM 02076X102 1030 3225000 SH Call SOLE 3225000 0 0 ALPHA NATURAL RESOURCES INC NOTE 3.750%12/1 02076XAE2 8123 9500000 PRN SOLE 9500000 0 0 APOLLO INVT CORP NOTE 5.750% 1/1 03761UAE6 11539 10873000 PRN SOLE 10873000 0 0 ARCH COAL INC COM 039380100 166 44000 SH SOLE 44000 0 0 ARCH COAL INC COM 039380100 1359 2100000 SH Call SOLE 2100000 0 0 BOTTOMLINE TECH DEL INC NOTE 1.500%12/0 101388AA4 26853 24850000 PRN SOLE 24850000 0 0 BROADSOFT INC NOTE 1.500% 7/0 11133BAB8 7431 7250000 PRN SOLE 7250000 0 0 CADENCE DESIGN SYSTEM INC NOTE 1.500%12/1 127387AF5 22773 22716000 PRN SOLE 22716000 0 0 CALPINE CORP COM NEW 131347304 531 25000 SH SOLE 25000 0 0 CATERPILLAR INC DEL COM 149123101 1981 250000 SH Put SOLE 250000 0 0 CHARTER COMMUNICATIONS INC D CL A NEW 16117M305 138 100000 SH Put SOLE 100000 0 0 CHIQUITA BRANDS INTL INC NOTE 4.250% 8/1 170032AT3 20682 21530000 PRN SOLE 21530000 0 0 CIENA CORP DEBT 4.000%12/1 171779AK7 15190 11798000 PRN SOLE 11798000 0 0 COGENT COMM GROUP INC NOTE 1.000% 6/1 19239VAB0 40316 41139000 PRN SOLE 41139000 0 0 CONSOL ENERGY INC COM 20854P109 474 17500 SH SOLE 17500 0 0 DEALERTRACK TECHNOLOGIES INC NOTE 1.500% 3/1 242309AB8 2891 2500000 PRN SOLE 2500000 0 0 DIGITAL RIV INC NOTE 1.250% 1/0 25388BAB0 2978 3000000 PRN SOLE 3000000 0 0 EAGLE MATERIALS INC COM 26969P108 139 25000 SH Put SOLE 25000 0 0 ELECTRONIC ARTS INC NOTE 0.750% 7/1 285512AA7 24373 23464000 PRN SOLE 23464000 0 0 EMERALD OIL INC COM 29101U100 1637 238596 SH SOLE 238596 0 0 ENDEAVOUR INTERNATIONAL CORP COM 29259G101 24357 6342979 SH SOLE 6342979 0 0 FASTENAL CO COM 311900104 263 50000 SH Put SOLE 50000 0 0 FIBROCELL SCIENCE INC COM NEW 315721209 1630 266410 SH SOLE 266410 0 0 FINISAR CORP NOTE 5.000%10/1 31787AAK7 28170 15915000 PRN SOLE 15915000 0 0 GAMESTOP CORP NEW CL A 36467W109 196 70000 SH Put SOLE 70000 0 0 GENERAL MTRS CO *W EXP 07/10/201 37045V126 826 50000 SH SOLE 50000 0 0 GENERAL MTRS CO COM 37045V100 666 20000 SH SOLE 20000 0 0 INTERDIGITAL INC NOTE 2.500% 3/1 458660AB3 58087 53909000 PRN SOLE 53909000 0 0 ISHARES TR RUSSELL 2000 464287655 4634 1400000 SH Put SOLE 1400000 0 0 IXIA NOTE 3.000%12/1 45071RAB5 9103 7578000 PRN SOLE 7578000 0 0 JETBLUE AIRWAYS CORP COM 477143101 409 65000 SH SOLE 65000 0 0 JETBLUE AIRWAYS CORP DBCV 5.500%10/1 477143AD3 3538 2500000 PRN SOLE 2500000 0 0 JETBLUE AIRWAYS CORP DBCV 5.500%10/1 477143AE1 4047 2626000 PRN SOLE 2626000 0 0 JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AF8 5255 3762000 PRN SOLE 3762000 0 0 JETBLUE AIRWAYS CORP DBCV 6.750%10/1 477143AG6 44155 29278000 PRN SOLE 29278000 0 0 JOY GLOBAL INC COM 481165108 3589 450000 SH Put SOLE 450000 0 0 L-3 COMMUNICATIONS CORP DEBT 3.000% 8/0 502413AW7 30514 29934000 PRN SOLE 29934000 0 0 LEAP WIRELESS INTL INC NOTE 4.500% 7/1 521863AL4 12090 12000000 PRN SOLE 12000000 0 0 LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 81198 3851887 SH SOLE 3851887 0 0 LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 2740 800000 SH Call SOLE 800000 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 6.500%10/0 52729NBR0 15940 11774500 PRN SOLE 11774500 0 0 LEVEL 3 COMMUNICATIONS INC NOTE 7.000% 3/1 52729NBP4 9228 7900000 PRN SOLE 7900000 0 0 LIVE NATION ENTERTAINMENT IN NOTE 2.875% 7/1 538034AB5 51552 50916000 PRN SOLE 50916000 0 0 LOCKHEED MARTIN CORP COM 539830109 325 3000 SH SOLE 3000 0 0 LOUISIANA PAC CORP COM 546347105 570 100000 SH Put SOLE 100000 0 0 LUMBER LIQUIDATORS HLDGS INC COM 55003T107 108 10000 SH Put SOLE 10000 0 0 MERCER INTL INC COM 588056101 2676 410400 SH SOLE 410400 0 0 MICRON TECHNOLOGY INC COM 595112103 3547 247500 SH SOLE 247500 0 0 MICRON TECHNOLOGY INC COM 595112103 1692 400000 SH Call SOLE 400000 0 0 MICROSOFT CORP COM 594918104 570 16500 SH SOLE 16500 0 0 NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 1045 500000 SH SOLE 500000 0 0 NUVASIVE INC NOTE 2.750% 7/0 670704AC9 29148 29442000 PRN SOLE 29442000 0 0 PAN AMERICAN SILVER CORP COM 697900108 125 10750 SH SOLE 10750 0 0 PARAGON SHIPPING INC-CLASS A COM 69913R309 60 13500 SH SOLE 13500 0 0 PEABODY ENERGY CORP COM 704549104 171 300000 SH Call SOLE 300000 0 0 PEABODY ENERGY CORP COM 704549104 207 14111 SH SOLE 14111 0 0 PENDRELL CORP COM 70686R104 8270 3168714 SH SOLE 3168714 0 0 PHOTRONICS INC NOTE 3.250% 4/0 719405AH5 30056 27355000 PRN SOLE 27355000 0 0 PHOTRONICS INC NOTE 5.500%10/0 719405AF9 14439 8500000 PRN SOLE 8500000 0 0 PROGRESSIVE CORP OHIO COM 743315103 445 17500 SH SOLE 17500 0 0 PROVIDENCE SVC CORP NOTE 6.500% 5/1 743815AB8 29908 28740000 PRN SOLE 28740000 0 0 RAMBUS INC DEL NOTE 5.000% 6/1 750917AC0 49512 48070000 PRN SOLE 48070000 0 0 RESOLUTE FST PRODS INC COM 76117W109 172298 13082608 SH SOLE 13082608 0 0 ROVI CORP NOTE 2.625% 2/1 779376AB8 21136 20596000 PRN SOLE 20596000 0 0 ROYAL BK CDA MONTREAL QUE COM 780087102 1473 954500 SH Put SOLE 954500 0 0 SANDERSON FARMS INC COM 800013104 49 20000 SH Put SOLE 20000 0 0 SANDRIDGE ENERGY INC COM 80007P307 263 55200 SH SOLE 55200 0 0 SCORPIO TANKERS INC SHS Y7542C106 6012 669500 SH SOLE 669500 0 0 SIRIUS XM RADIO INC COM 82967N108 355 1450000 SH Put SOLE 1450000 0 0 SONDE RES CORP COM 835426107 1939 2318163 SH SOLE 2318163 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 19 20000 SH Put SOLE 20000 0 0 SPDR SERIES TRUST S&P HOMEBUILD 78464A888 356 150000 SH Put SOLE 150000 0 0 TAKE-TWO INTERACTIVE SOFTWAR NOTE 1.000% 7/0 874054AD1 6808 7000000 PRN SOLE 7000000 0 0 TEEKAY CORPORATION COM Y8564W103 488 12000 SH SOLE 12000 0 0 TEXAS INDS INC COM 882491103 82 17500 SH Put SOLE 17500 0 0 TRANSOCEAN LTD REG SHS H8817H100 240 5000 SH SOLE 5000 0 0 TTM TECHNOLOGIES INC NOTE 3.250% 5/1 87305RAC3 15911 15802000 PRN SOLE 15802000 0 0 TW TELECOM INC COM 87311L104 422 15000 SH SOLE 15000 0 0 VANTAGE DRILLING COMPANY ORD SHS G93205113 4865 2385000 SH SOLE 2385000 0 0 VOLCANO CORPORATION NOTE 1.750%12/0 928645AB6 8704 9500000 PRN SOLE 9500000 0 0 VOLCANO CORPORATION NOTE 2.875% 9/0 928645AA8 5264 5284000 PRN SOLE 5284000 0 0 WALTER ENERGY INC COM 93317Q105 353 900000 SH Call SOLE 900000 0 0 WALTER ENERGY INC COM 93317Q105 148 14200 SH SOLE 14200 0 0 WEBMD HEALTH CORP NOTE 2.250% 3/3 94770VAH5 26005 26435000 PRN SOLE 26435000 0 0 WEBMD HEALTH CORP NOTE 2.500% 1/3 94770VAF9 20589 22168000 PRN SOLE 22168000 0 0 WRIGHT MED GROUP INC NOTE 2.625%12/0 98235TAA5 519 519000 PRN SOLE 519000 0 0