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
AIR PRODS & CHEMS INC COM 009158106 11,904 100,000 SH Put DFND   100,000 0 0
AIR PRODS & CHEMS INC COM 009158106 13,731 115,346 SH   DFND   115,346 0 0
ANADARKO PETE CORP COM 032511107 67,384 795,000 SH   DFND   795,000 0 0
ANADARKO PETE CORP COM 032511107 25,428 300,000 SH Call DFND   300,000 0 0
BLACK HILLS CORP COM 092113109 71,669 1,243,168 SH   DFND   1,243,168 0 0
CF INDS HLDGS INC COM 125269100 19,548 75,000 SH   DFND   75,000 0 0
CF INDS HLDGS INC COM 125269100 26,064 100,000 SH Call DFND   100,000 0 0
CF INDS HLDGS INC COM 125269100 26,064 100,000 SH Put DFND   100,000 0 0
COMPUWARE CORP COM 205638109 55,572 5,292,587 SH   DFND   5,292,587 0 0
CUBIST PHARMACEUTICALS INC RIGHT 99/99/9999 229678123 1,689 2,597,829 SH   DFND   2,597,829 0 0
DIRECTV COM 25490A309 45,852 600,000 SH Call DFND   600,000 0 0
EXPEDIA INC DEL COM NEW 30212P303 32,625 450,000 SH Put DFND   450,000 0 0
FANNIE MAE COMMON STOCK COM 313586109 3,900 1,000,000 SH   DFND   1,000,000 0 0
FANNIE MAE PF S COM 313586752 1,048 100,000 SH   DFND   100,000 0 0
FREDDIE MAC COM 313400301 4,053 1,050,000 SH   DFND   1,050,000 0 0
FREDDIE MAC PR Z COM 313400624 331 30,105 SH   DFND   30,105 0 0
GLOBALSTAR INC. COM NEW 378973408 37,827 14,274,307 SH   DFND   14,274,307 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 55,828 2,095,664 SH   DFND   2,095,664 0 0
HESS CORP COM 42809H107 133,381 1,609,332 SH   DFND   1,609,332 0 0
HUBBELL INC CL A 443510102 2,318 20,850 SH   DFND   20,850 0 0
IRON MTN INC COM 462846106 28,665 1,039,700 SH Put DFND   1,039,700 0 0
ISHARES RUSSELL 2000 ETF 464287655 207,690 1,785,200 SH Put DFND   1,785,200 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 150,241 1,152,770 SH   DFND   1,152,770 0 0
MENS WEARHOUSE INC COM 587118100 35,511 725,000 SH   DFND   725,000 0 0
NEXTERA ENERGY INC COM 65339F101 37,961 397,000 SH   DFND   397,000 0 0
NEXTERA ENERGY INC COM 65339F101 9,562 100,000 SH Call DFND   100,000 0 0
NRG ENERGY INC COM NEW 629377508 71,550 2,250,000 SH   DFND   2,250,000 0 0
PFIZER INC COM 717081103 42,802 1,332,556 SH   DFND   1,332,556 0 0
PHARMATHENE INC COM 71714G102 1,877 1,025,920 SH   DFND   1,025,920 0 0
RETAILMENOT INC COM SER 1 76132B106 1,930 60,300 SH Put DFND   60,300 0 0
REYNOLDS AMERICAN INC COM 761713106 16,026 300,000 SH Call DFND   300,000 0 0
SIGA TECHNOLOGIES INC COM 826917106 12,327 3,976,427 SH   DFND   3,976,427 0 0
SILVER BAY RLTY TR CORP COM 82735Q102 467 30,101 SH   DFND   30,101 0 0
SOTHEBYS COM 835898107 4,355 100,000 SH   DFND   100,000 0 0
SPLUNK INC COM 848637104 3,575 50,000 SH Put DFND   50,000 0 0
SUNCOKE ENERGY INC COM 86722A103 89,279 3,908,885 SH   DFND   3,908,885 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 39,200 1,510,000 SH   DFND   1,510,000 0 0
TRIPADVISOR INC COM 896945201 26,733 295,100 SH Call DFND   295,100 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 38,651 1,050,000 SH Call DFND   1,050,000 0 0
WILLIAMS COS INC DEL COM 969457100 36,522 900,000 SH   DFND   900,000 0 0