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
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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
Abbvie Inc COM 00287Y909 1,667,875 1,213,000 SH Call SOLE   1,213,000 0 0
Abbvie Inc COM 00287Y959 53,445 101,800 SH Put SOLE   101,800 0 0
Abbvie Inc COM 00287Y959 18,690 17,800 SH Put SOLE   17,800 0 0
Abbvie Inc COM 00287Y959 180,340 101,600 SH Put SOLE   101,600 0 0
Abbvie Inc COM 00287Y959 45,835 17,800 SH Put SOLE   17,800 0 0
Actavis Inc. SHS G0083B108 4,653,289 15,635 SH   SOLE   15,635 0 0
Advent Software Inc COM 007974108 88,354,050 2,003,039 SH   SOLE   2,003,039 0 0
Akamai Technologies Inc COM 00971T101 277,076 3,900 SH   SOLE   3,900 0 0
Altera Corp COM 021441100 1,836,291 42,794 SH   SOLE   42,794 0 0
Annaly Cap Mgmt Inc NOTE 5.000% 5/1 035710ab8 1,503,750 1,500,000 PRN   SOLE   79,175 0 0
Applied Materials Inc COM 038222905 287,235 98,200 SH Call SOLE   98,200 0 0
Aruba Networks Inc COM 043176106 119,817,154 4,892,493 SH   SOLE   4,892,493 0 0
Associated Estates Rlty Corp. COM 045604955 47,873 147,300 SH Put SOLE   147,300 0 0
Associated Estates Rlty Corp. COM 045604105 8,330,981 337,560 SH   SOLE   337,560 0 0
AT&T Inc. COM 00206r902 1,124,264 4,784,100 SH Call SOLE   4,784,100 0 0
Auspex Pharmaceuticals Inc COM 05211j102 50,956,312 508,191 SH   SOLE   508,191 0 0
AVG Technologies NV SHS N07831105 1,545,680 71,394 SH   SOLE   71,394 0 0
AVIV REIT INC MD COM 05381L101 14,180,798 388,515 SH   SOLE   388,515 0 0
Axis Capital Holdings LTD SHS G0692U109 5,557,178 107,739 SH   SOLE   107,739 0 0
Ball Corp COM 058498106 315,761 4,470 SH   SOLE   4,470 0 0
Bank of Kentucky Financial Corporation COM 062896105 13,028,906 265,625 SH   SOLE   265,625 0 0
Barclays Bank Plc IPATH S&P 500 VIX 06742e711 6,895,700 269,048 SH   SOLE   269,048 0 0
B/E Aerospace Inc. COM 073302101 16,305,170 256,290 SH   SOLE   256,290 0 0
Berry Plastics Group Inc. COM 08579w953 19,660 98,300 SH Put SOLE   98,300 0 0
Berry Plastics Group Inc. COM 08579w103 10,085,683 278,687 SH   SOLE   278,687 0 0
Bob Evans Farms Inc COM 096761951 9,820 49,100 SH Put SOLE   49,100 0 0
Bob Evans Farms Inc COM 096761101 9,499,213 205,344 SH   SOLE   205,344 0 0
California Res Corp COM 13057q107 557,105 73,207 SH   SOLE   73,207 0 0
Catamaran Corp COM 148887952 13,720 14,000 SH Put SOLE   14,000 0 0
Catamaran Corp COM 148887102 57,185,967 960,463 SH   SOLE   960,463 0 0
City National Corp COM 178566105 37,732,328 423,578 SH   SOLE   423,578 0 0
Cloud Peak Energy Inc COM 18911Q102 2,326,050 399,665 SH   SOLE   399,665 0 0
Cobalt International Energy Inc. COM 19075F956 24,550 98,200 SH Put SOLE   98,200 0 0
Cobalt International Energy Inc. COM 19075F106 3,848,078 408,935 SH   SOLE   408,935 0 0
Consol Energy Inc COM 20854p959 117,180 195,300 SH Put SOLE   195,300 0 0
Consol Energy Inc COM 20854p109 17,974,240 644,469 SH   SOLE   644,469 0 0
Dicks Sporting Goods Inc COM 253393102 1,546,481 27,136 SH   SOLE   27,136 0 0
DirecTV COM 25490a309 186,706,507 2,193,966 SH   SOLE   2,193,966 0 0
Dish Network Corp CL A 25470m109 15,502,246 221,271 SH   SOLE   221,271 0 0
Dollar Tree Inc COM 256746958 2,495 99,800 SH Put SOLE   99,800 0 0
Dresser-Rand Group Inc COM 261608953 47,275 15,500 SH Put SOLE   15,500 0 0
Dresser-Rand Group Inc COM 261608103 160,700 2,000 SH   SOLE   2,000 0 0
Ellis Perry International Inc. COM 288853104 4,370,755 188,720 SH   SOLE   188,720 0 0
EMC Corp Mass COM 268648952 90,590 147,300 SH Put SOLE   147,300 0 0
EMC Corp Mass COM 268648102 10,121,377 395,985 SH   SOLE   395,985 0 0
Emulex Corp COM NEW 292475209 35,694,251 4,478,576 SH   SOLE   4,478,576 0 0
Exelis Inc. COM 30162a108 68,075,426 2,793,411 SH   SOLE   2,793,411 0 0
Exterran Holdings Inc COM 30225X953 22,118 98,300 SH Put SOLE   98,300 0 0
Exterran Holdings Inc COM 30225x103 10,757,607 320,453 SH   SOLE   320,453 0 0
Family Dollar Stores Inc COM 307000959 189,800 379,600 SH Put SOLE   379,600 0 0
Family Dollar Stores Inc COM 307000109 173,872,845 2,194,256 SH   SOLE   2,194,256 0 0
Freescale Semiconductor Ltd. SHS G3727q101 26,058,479 639,315 SH   SOLE   639,315 0 0
Globalstar Inc. COM 378973958 945 12,600 SH Put SOLE   12,600 0 0
Globalstar Inc. NOTE 8.000% 4/0 378973ad3 4,225,466 763,150 PRN   SOLE   1,045,439 0 0
Globalstar Inc. COM 378973408 1,384,677 415,819 SH   SOLE   415,819 0 0
Halliburton Co COM 406216101 8,468,006 192,981 SH   SOLE   192,981 0 0
Harris Corp Del COM 413875955 7,365 49,100 SH Put SOLE   49,100 0 0
Harris Corp Del COM 413875955 23,323 49,100 SH Put SOLE   49,100 0 0
Harris Corp Del COM 413875105 7,841,267 99,559 SH   SOLE   99,559 0 0
HC2 Holdings Inc. COM 404139107 5,661,862 517,065 SH   SOLE   517,065 0 0
Hewlett-Packard Co COM 428236953 120,047 216,300 SH Put SOLE   216,300 0 0
Hewlett-Packard Co COM 428236103 16,033,565 514,556 SH   SOLE   514,556 0 0
Honeywell International Inc COM 438516106 10,431 100 SH   SOLE   100 0 0
Hospira Inc COM 441060950 100 200 SH Put SOLE   200 0 0
Hospira Inc COM 441060100 168,973,328 1,923,649 SH   SOLE   1,923,649 0 0
Hubbell Inc CL B 443510201 9,889,697 90,218 SH   SOLE   90,218 0 0
Hudson Valley Holding Corp COM 444172100 10,887,078 425,942 SH   SOLE   425,942 0 0
Hyperion Therapeutics Inc COM 44915n101 44,779,076 975,579 SH   SOLE   975,579 0 0
Illumina Inc COM 452327109 334,152 1,800 SH   SOLE   1,800 0 0
Informatica Corp COM 45666q102 10,292,904 234,703 SH   SOLE   234,703 0 0
Ishares Tr RUS 1000 VAL ETF 464287598 812,167 7,879 SH   SOLE   7,879 0 0
Journal Communications Inc CL A 481130102 58,613 3,955 SH   SOLE   3,955 0 0
Juniper Networks Inc COM 48203r104 4,327,322 191,644 SH   SOLE   191,644 0 0
Kindred Healthcare Inc COM 494580103 445,515 18,727 SH   SOLE   18,727 0 0
Kofax Ltd COM USD G5307c105 65,601,603 5,991,014 SH   SOLE   5,991,014 0 0
KLX Inc COM 482539953 61,350 81,800 SH Put SOLE   81,800 0 0
KLX Inc COM 482539103 11,091,581 287,794 SH   SOLE   287,794 0 0
Kraft Foods Group Inc COM 50076q906 339,643 131,900 SH Call SOLE   131,900 0 0
Kraft Foods Group Inc COM 50076q906 73,603 49,900 SH Call SOLE   49,900 0 0
Kraft Foods Group Inc COM 50076q906 39,375 75,000 SH Call SOLE   75,000 0 0
Kraft Foods Group Inc COM 50076q956 7,750 31,000 SH Put SOLE   31,000 0 0
Kraft Foods Group Inc COM 50076q956 41,168 49,900 SH Put SOLE   49,900 0 0
Kraft Foods Group Inc COM 50076q956 104,338 49,100 SH Put SOLE   49,100 0 0
Kraft Foods Group Inc COM 50076q956 257,040 244,800 SH Put SOLE   244,800 0 0
Kraft Foods Group Inc COM 50076q106 15,707,444 180,307 SH   SOLE   180,307 0 0
Liberty Tripadviser Holdings Inc COM SER A 531465102 4,288,821 134,911 SH   SOLE   134,911 0 0
Life Time Fitness Inc COM 53217r207 47,806,036 673,704 SH   SOLE   673,704 0 0
Macerich Co COM 554382951 40,850 17,200 SH   SOLE   17,200 0 0
Macquarie Infrastructure Co LLC MEMBERSHIP INT 55608b105 362,076 4,400 SH   SOLE   4,400 0 0
Mavenir Sys Inc COM 577675101 13,392,299 754,921 SH   SOLE   754,921 0 0
Meadwestvaco Corp COM 583334107 102,814,885 2,061,658 SH   SOLE   2,061,658 0 0
Media General Inc New COM 58441k100 10,355,027 627,958 SH   SOLE   627,958 0 0
Methanex Corp COM 59151k108 10,798,319 201,574 SH   SOLE   201,574 0 0
MGM Resorts International COM 552953951 58,144 147,200 SH Put SOLE   147,200 0 0
MGM Resorts International COM 552953101 8,487,645 403,597 SH   SOLE   403,597 0 0
Molson Coors Brewing Co CL B 60871r959 11,070 24,600 SH Put SOLE   24,600 0 0
Molson Coors Brewing Co CL B 60871r959 17,835 24,600 SH Put SOLE   24,600 0 0
Molson Coors Brewing Co CL B 60871r209 7,764,614 104,293 SH   SOLE   104,293 0 0
Motorola Solutions Inc COM NEW 620076307 4,932,647 73,986 SH   SOLE   73,986 0 0
MRC Global Inc COM 55345k103 14,931 1,260 SH   SOLE   1,260 0 0
Mylan N V SHS EURO n59465959 11,981 4,900 SH Put SOLE   4,900 0 0
Mylan N V SHS EURO n59465109 12,119,864 204,210 SH   SOLE   204,210 0 0
Office Depot Inc. COM 676220106 2,777,949 301,951 SH   SOLE   301,951 0 0
Orbitz Worldwide Inc. COM 68557k959 104,325 695,500 SH Put SOLE   695,500 0 0
Orbitz Worldwide Inc. COM 68557k959 24,540 122,700 SH Put SOLE   122,700 0 0
Orbitz Worldwide Inc. COM 68557k109 18,678,364 1,601,918 SH   SOLE   1,601,918 0 0
Partner Re Ltd COM G6852T905 69,375 25,000 SH Call SOLE   25,000 0 0
Partner Re Ltd COM G6852T955 7,650 20,400 SH Put SOLE   20,400 0 0
Peabody Energy Corp COM 704549104 1,017,476 206,804 SH   SOLE   206,804 0 0
Pepco Holdings Inc. COM 713291102 9,684,074 360,942 SH   SOLE   360,942 0 0
Pharmacyclics Inc COM 716933106 138,091,168 539,524 SH   SOLE   539,524 0 0
Polypore International Inc. COM 73179v103 43,918,844 745,651 SH   SOLE   745,651 0 0
Priceline Group Inc COM NEW 741503403 349,245 300 SH   SOLE   300 0 0
Quanta Svcs Inc COM 74762e102 4,280 150 SH   SOLE   150 0 0
Red Hat Inc COM 756577102 356,025 4,700 SH   SOLE   4,700 0 0
Riverbed Technology Inc. COM 768573107 122,957,470 5,880,319 SH   SOLE   5,880,319 0 0
RTI International Metals Inc COM 74973w107 54,801,676 1,526,084 SH   SOLE   1,526,084 0 0
Salesforce Com Inc COM 79466L302 440,946 6,600 SH   SOLE   6,600 0 0
Salix Pharmaceuticals Ltd COM 795435106 211,815,291 1,225,712 SH   SOLE   1,225,712 0 0
Seadrill Partners LLC COMUNIT REP LB y7545w959 23,323 49,100 SH Put SOLE   49,100 0 0
Seadrill Partners LLC COMUNIT REP LB y7545w109 2,344,160 199,503 SH   SOLE   199,503 0 0
Sigma Aldrich Corp COM 826552101 72,651,758 525,510 SH   SOLE   525,510 0 0
SPDR S&P 500 ETF TR TR UNIT 78462f103 474,789 2,300 SH   SOLE   2,300 0 0
Staples Inc. COM 855030902 193,710 117,400 SH Call SOLE   117,400 0 0
Staples Inc. COM 855030102 6,958,841 427,316 SH   SOLE   427,316 0 0
Susquehanna Bancshares Inc. COM 869099101 15,042,790 1,097,213 SH   SOLE   1,097,213 0 0
Talisman Energy Inc. COM 87425e953 201,983 897,700 SH Put SOLE   897,700 0 0
Talisman Energy Inc. COM 87425e103 75,017,556 9,767,911 SH   SOLE   9,767,911 0 0
T Mobile US Inc. COM 872590104 14,378,133 453,712 SH   SOLE   453,712 0 0
TRW Automotive Holdings Corp COM 87264s956 22,500 100,000 SH Put SOLE   100,000 0 0
TRW Automotive Holdings Corp COM 87264s106 221,148,676 2,109,191 SH   SOLE   2,109,191 0 0
Tyson Foods Inc. CL A 902494103 2,840,481 74,164 SH   SOLE   74,164 0 0
Viacom Inc. New CL B 92553p201 10,665,387 156,155 SH   SOLE   156,155 0 0
Vitesse Semiconductor Corp COM NEW 928497304 2,102,441 395,940 SH   SOLE   395,940 0 0
Weatherford International Ltd ORD SHS g48833950 32,406 196,400 SH Put SOLE   196,400 0 0
Weatherford International Ltd ORD SHS g48833100 6,742,282 548,153 SH   SOLE   548,153 0 0
Yahoo Inc. COM 984332106 9,075,185 204,235 SH   SOLE   204,235 0 0
Yum Brands Inc. COM 988498101 10,093,557 128,221 SH   SOLE   128,221 0 0