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
AMERICAN AIRLS GROUP INC COM 02376R102 4,992 125,000 SH   SOLE   125,000 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 3,415 420,000 SH   SOLE   420,000 0 0
ASSURED GUARANTY LTD COM G0585R106 2,999 125,000 SH Put SOLE   125,000 0 0
BLACKBERRY LTD COM 09228F103 1,227 150,000 SH   SOLE   150,000 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 254 62,714 SH   SOLE   62,714 0 0
GENER8 MARITIME INC COM Y26889108 3,953 290,000 SH   SOLE   290,000 0 0
GLOBALSTAR INC COM 378973408 1,195 566,500 SH   SOLE   566,500 0 0
HOUGHTON MIFFLIN HARCOURT CO COM 44157R109 1,978 78,481 SH   SOLE   78,481 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 14,480 1,600,000 SH Call SOLE   1,600,000 0 0
QUAD / GRAPHICS INC COM CL A 747301109 193 10,434 SH   SOLE   10,434 0 0
RCS CAP CORP COM CL A 74937W102 1,070 139,702 SH   SOLE   139,702 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 411,700 2,000,000 SH Call SOLE   2,000,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 46,316 225,000 SH Put SOLE   225,000 0 0
STANDARD PAC CORP NEW COM 85375C101 1,126,224 126,400,000 SH   SOLE   126,400,000 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 4,846 351,700 SH   SOLE   351,700 0 0
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 2,144 225,000 SH   SOLE   225,000 0 0
VINCE HLDG CORP COM 92719W108 2,785 232,500 SH   SOLE   232,500 0 0
VRINGO INC COM 92911N104 56 100,000 SH   SOLE   100,000 0 0