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
ACCURIDE CORP NEW COM STK COM 00439T206 1,415 373,400 SH   SOLE   373,400 0 0
ALIGN TECHNOLOGY INC COM STK COM 016255101 1,034 20,000 SH Put SOLE   20,000 0 0
ALIGN TECHNOLOGY INC COM STK COM 016255101 1,809 35,000 SH Put SOLE   35,000 0 0
AMAZON COM INC COM STK COM 023135106 8,706 27,000 SH Put SOLE   27,000 0 0
AMAZON COM INC COM STK COM 023135106 1,612 5,000 SH Put SOLE   5,000 0 0
AMERICAN WATER WKS CO INC COM 030420103 1,688 35,000 SH   SOLE   35,000 0 0
ANADARKO PETE CORP COM STK COM 032511107 1,014 10,000 SH   SOLE   10,000 0 0
ASHLAND INC COM STK COM 044209104 5,781 55,530 SH   SOLE   55,530 0 0
BP AMOCO PLC ADR COM 055622104 923 21,000 SH   SOLE   21,000 0 0
BRIDGEPOINT EDUCATION INC COM 10807M105 223 20,000 SH Put SOLE   20,000 0 0
BRIDGEPOINT EDUCATION INC COM 10807M105 781 70,000 SH Put SOLE   70,000 0 0
BRIDGEPOINT EDUCATION INC COM 10807M105 2,455 220,000 SH Put SOLE   220,000 0 0
C H ROBINSON WORLDWIDE INC COM COM 12541W209 1,658 25,000 SH Put SOLE   25,000 0 0
CALAVO GROWERS INC COM STK COM 128246105 3,386 75,000 SH   SOLE   75,000 0 0
CAMPBELL SOUP USD COM COM 134429109 1,196 28,000 SH   SOLE   28,000 0 0
CARMAX INC COM STK COM 143130102 581 12,500 SH Put SOLE   12,500 0 0
CATERPILLAR INC COM COM 149123101 1,981 20,000 SH Put SOLE   20,000 0 0
CNO FINANCIAL GROUP INC COM ST COM 12621E103 6,117 360,668 SH   SOLE   360,668 0 0
CON-WAY INC COM 205944101 1,425 30,000 SH Put SOLE   30,000 0 0
CROWN HOLDINGS INC COM STK COM 228368106 2,345 52,666 SH   SOLE   52,666 0 0
DEERE & CO COM COM 244199105 1,148 14,000 SH   SOLE   14,000 0 0
DEVON ENERGY CORP COM STK COM 25179M103 3,654 53,600 SH   SOLE   53,600 0 0
ESCALADE INC COM STK COM 296056104 664 55,088 SH   SOLE   55,088 0 0
FIESTA RSTRN GRP COM 31660B101 745 15,000 SH Put SOLE   15,000 0 0
FOX CHASE BANCORP INC COM ST COM 35137T108 1,471 90,200 SH   SOLE   90,200 0 0
FRANKLIN RESOURCES INC. COM ST COM 354613101 5,461 100,000 SH Put SOLE   100,000 0 0
FRANKLIN RESOURCES INC. COM ST COM 354613101 2,184 40,000 SH Put SOLE   40,000 0 0
FRANKLIN RESOURCES INC. COM ST COM 354613101 1,092 20,000 SH Put SOLE   20,000 0 0
FTI CONSULTING INC COM STK COM 302941109 1,748 50,000 SH Put SOLE   50,000 0 0
FTI CONSULTING INC COM STK COM 302941109 8,390 240,000 SH Put SOLE   240,000 0 0
FTI CONSULTING INC COM STK COM 302941109 3,496 100,000 SH Put SOLE   100,000 0 0
FTI CONSULTING INC COM STK COM 302941109 2,622 75,000 SH Put SOLE   75,000 0 0
FTI CONSULTING INC COM STK COM 302941109 3,846 110,000 SH Put SOLE   110,000 0 0
FTI CONSULTING INC COM STK COM 302941109 2,098 60,000 SH Put SOLE   60,000 0 0
GENERAL ELECTRIC CO COM STK COM 369604103 3,203 125,000 SH   SOLE   125,000 0 0
GREAT LAKES DREDGE & DOCK COR COM 390607109 371 60,000 SH   SOLE   60,000 0 0
JARDEN CORP COM STK COM 471109108 1,803 30,000 SH Put SOLE   30,000 0 0
JARDEN CORP COM STK COM 471109108 2,705 45,000 SH Put SOLE   45,000 0 0
JOHNSON & JOHNSON COM COM 478160104 2,345 22,000 SH   SOLE   22,000 0 0
JPMORGAN CHASE & CO COM COM 46625H100 3,925 65,160 SH   SOLE   65,160 0 0
KROGER CO COM STK COM 501044101 780 15,000 SH Put SOLE   15,000 0 0
LANCASTER COLONY CORP COM STK COM 513847103 2,327 27,288 SH   SOLE   27,288 0 0
LEGG MASON INC COM 524901105 2,558 50,000 SH Put SOLE   50,000 0 0
LEGG MASON INC COM 524901105 578 11,300 SH Put SOLE   11,300 0 0
LIFELOCK COM 53224V100 143 10,000 SH Put SOLE   10,000 0 0
LIFELOCK COM 53224V100 715 50,000 SH Put SOLE   50,000 0 0
LIFELOCK COM 53224V100 429 30,000 SH Put SOLE   30,000 0 0
LIFETIME FITNESS COM 53217R207 1,261 25,000 SH   SOLE   25,000 0 0
LIMONEIRA CO COM STK COM 532746104 3,542 149,500 SH   SOLE   149,500 0 0
MASTERCARD INC CL A COM S COM 57636Q104 1,331 18,000 SH   SOLE   18,000 0 0
METRO BANCORP INC PA COM STK COM 59161R101 1,240 51,117 SH   SOLE   51,117 0 0
MGIC INVT CORP COM STK COM 552848103 2,421 310,000 SH   SOLE   310,000 0 0
MIDDLEBURG FINANCIALCORP COM 596094102 1,390 78,381 SH   SOLE   78,381 0 0
MOLSON COORS BREWING COM 60871R209 1,117 15,000 SH   SOLE   15,000 0 0
MONSANTO CO (NEW) COM STK COM 61166W101 3,375 30,000 SH Put SOLE   30,000 0 0
MVC CAP INC COM STK COM 553829102 3,377 313,864 SH   SOLE   313,864 0 0
NEXTERA ENERGY INC COM STK COM 65339F101 1,220 13,000 SH   SOLE   13,000 0 0
OCCIDENTAL PETE CORP COM 674599105 5,106 53,100 SH   SOLE   53,100 0 0
OLD REP INTL CORP COM STK COM 680223104 4,809 336,753 SH   SOLE   336,753 0 0
OSHKOSH CORPORATION COM 688239201 883 20,000 SH Put SOLE   20,000 0 0
PENTAIR PLC COM STK COM G7S00T104 851 13,000 SH   SOLE   13,000 0 0
PEPSICO INC COM 713448108 745 8,000 SH   SOLE   8,000 0 0
POOL CORP COM STK COM 73278L105 539 10,000 SH Put SOLE   10,000 0 0
POTLATCH HOLDINGS INC COM COM 737630103 4,664 116,000 SH   SOLE   116,000 0 0
PRESTIGE BRANDS HOLDINGS INC COM 74112D101 647 20,000 SH Put SOLE   20,000 0 0
PRESTIGE BRANDS HOLDINGS INC COM 74112D101 1,343 41,500 SH Put SOLE   41,500 0 0
PRESTIGE BRANDS HOLDINGS INC COM 74112D101 647 20,000 SH Put SOLE   20,000 0 0
PRFRMC SPRT GRP COM 71377G100 2,700 168,000 SH   SOLE   168,000 0 0
RAYONIER ADVANCED MATERIALS COM 75508B104 987 30,000 SH   SOLE   30,000 0 0
RESTORATION HARDWAREHOLDINGS I COM 761283100 1,193 15,000 SH Put SOLE   15,000 0 0
SALESFORCE COM INC COM STK COM 79466L302 3,739 65,000 SH Put SOLE   65,000 0 0
SALESFORCE COM INC COM STK COM 79466L302 1,151 20,000 SH Put SOLE   20,000 0 0
SALESFORCE COM INC COM STK COM 79466L302 1,438 25,000 SH Put SOLE   25,000 0 0
SJW CORP COM STK COM 784305104 4,541 168,983 SH   SOLE   168,983 0 0
SKECHERS U S A INC CL A COM S COM 830566105 1,066 20,000 SH Put SOLE   20,000 0 0
SNYDERS-LANCE INC COM STK COM 833551104 5,794 218,651 SH   SOLE   218,651 0 0
SPDR GOLD TRUST COM 78463V107 6,055 52,100 SH   SOLE   52,100 0 0
SPDR GOLD TRUST COM 78463V107 2,324 20,000 SH Call SOLE   20,000 0 0
SPROUT FARMERS MARKET INC COM 85208M102 1,163 40,000 SH Put SOLE   40,000 0 0
STATE BK & TR CO PINEHURST GA COM 856190103 3,021 186,024 SH   SOLE   186,024 0 0
STIFEL FINANCIAL CORP COM STK COM 860630102 1,407 30,000 SH Put SOLE   30,000 0 0
STIFEL FINANCIAL CORP COM STK COM 860630102 3,657 78,000 SH Put SOLE   78,000 0 0
STIFEL FINANCIAL CORP COM STK COM 860630102 1,407 30,000 SH Put SOLE   30,000 0 0
T ROWE PRICE GROUP INC COM 74144t108 1,568 20,000 SH Put SOLE   20,000 0 0
TANGER FACTORY OUTLET CENTERS COM 875465106 1,145 35,000 SH   SOLE   35,000 0 0
WEYERHAEUSER CO COM STK COM 962166104 3,122 98,000 SH   SOLE   98,000 0 0
ZILLOW INC COM 98954A107 1,392 12,000 SH Put SOLE   12,000 0 0
ZILLOW INC COM 98954A107 2,552 22,000 SH Put SOLE   22,000 0 0
ZILLOW INC COM 98954A107 1,160 10,000 SH Put SOLE   10,000 0 0
ENSCO PLC COM STK ADR G3157S106 826 20,000 SH   SOLE   20,000 0 0
NEW ORIENTAL EDUCATION & TECHN ADR 647581107 464 20,000 SH Put SOLE   20,000 0 0
STATOIL ASA ADR 85771P102 1,513 55,700 SH   SOLE   55,700 0 0