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    <value>601</value>
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    <value>7102</value>
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    <value>688</value>
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    <nameOfIssuer>Chimera Investment Corp Pfd Se</nameOfIssuer>
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    <value>1271</value>
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      <Sole>27128</Sole>
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    <nameOfIssuer>Comcast Corp A</nameOfIssuer>
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    <nameOfIssuer>Commercial Metals Co</nameOfIssuer>
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    <value>836</value>
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    <value>714</value>
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    <nameOfIssuer>Constantine Metal Res Ltd Com</nameOfIssuer>
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    <value>1028</value>
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    <nameOfIssuer>Copart Inc</nameOfIssuer>
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    <value>516</value>
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      <Sole>8516</Sole>
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    <nameOfIssuer>Cross Country Healthcare Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>227483104</cusip>
    <value>268</value>
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    <nameOfIssuer>Cullen/Frost Bankers Inc</nameOfIssuer>
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    <cusip>229899109</cusip>
    <value>292</value>
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    <nameOfIssuer>Dart Group Plc Shs</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G2657C132</cusip>
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    <nameOfIssuer>Deere &amp; Co</nameOfIssuer>
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    <nameOfIssuer>Delaware VIP Emerging Markets</nameOfIssuer>
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    <nameOfIssuer>DIAMONDS Trust, Series 1</nameOfIssuer>
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    <nameOfIssuer>Dominion Res Inc</nameOfIssuer>
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    <nameOfIssuer>Eaton Corp</nameOfIssuer>
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    <nameOfIssuer>EchoStar Comm Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>278762109</cusip>
    <value>1876</value>
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    <nameOfIssuer>Emerson Electric Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>957</value>
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    <nameOfIssuer>Enbridge Inc</nameOfIssuer>
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    <cusip>29250N105</cusip>
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    <nameOfIssuer>Energy Transfer Equity LP</nameOfIssuer>
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    <cusip>29273V100</cusip>
    <value>16588</value>
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    <cusip>29364G103</cusip>
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    <nameOfIssuer>Enterprise Products Partners L</nameOfIssuer>
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    <cusip>293792107</cusip>
    <value>1763</value>
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    <nameOfIssuer>Equity Commonwealth</nameOfIssuer>
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    <value>6385</value>
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    <nameOfIssuer>Esc Seventy Seven (NV)</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>818ESC998</cusip>
    <value>0</value>
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    <nameOfIssuer>Escrow Washington Mutual Inc C</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>Exxon Mobil Corp</nameOfIssuer>
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    <cusip>30231G102</cusip>
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    <nameOfIssuer>Facebook Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30303M102</cusip>
    <value>3245</value>
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    <nameOfIssuer>FedEx Corporation</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31428X106</cusip>
    <value>2151</value>
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    <nameOfIssuer>Fidelity Natl Finl Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31620R105</cusip>
    <value>274</value>
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      <sshPrnamt>7485</sshPrnamt>
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    <nameOfIssuer>Guggenheim S&amp;P 500(R) Equal Weig</nameOfIssuer>
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    <nameOfIssuer>Guggenheim S&amp;P 500(R) Equal Weig</nameOfIssuer>
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    <cusip>78355W841</cusip>
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    <nameOfIssuer>Gulfslope Energy Inc</nameOfIssuer>
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    <nameOfIssuer>HELIOS ENERGY LTD   ORDF</nameOfIssuer>
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    <nameOfIssuer>Independent Bank Group Inc</nameOfIssuer>
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    <nameOfIssuer>ING Clarion Gbl Real Est Inc F</nameOfIssuer>
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    <nameOfIssuer>Intel Corp.</nameOfIssuer>
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    <nameOfIssuer>International Paper</nameOfIssuer>
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    <value>814</value>
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    <nameOfIssuer>iShares Dow Jones US Tech</nameOfIssuer>
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    <cusip>464287721</cusip>
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    <cusip>464285105</cusip>
    <value>129</value>
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    <nameOfIssuer>iShares Lehman 20(plus) Tr Bd</nameOfIssuer>
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    <nameOfIssuer>iShares MSCI ACWI ETF</nameOfIssuer>
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    <cusip>464288257</cusip>
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    <nameOfIssuer>iShares S&amp;P 500 Index</nameOfIssuer>
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    <value>428</value>
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    <nameOfIssuer>iShares S&amp;P SmallCap 600 Index</nameOfIssuer>
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    <cusip>464287804</cusip>
    <value>456</value>
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    <nameOfIssuer>iShares Silver Trust</nameOfIssuer>
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    <cusip>46428Q109</cusip>
    <value>285</value>
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    <nameOfIssuer>Ishares Tr Russell 2000 Index</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287655</cusip>
    <value>317</value>
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    <value>1894</value>
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      <Sole>76985</Sole>
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    <value>761</value>
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    <votingAuthority>
      <Sole>9600</Sole>
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    <value>251</value>
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      <sshPrnamt>5938</sshPrnamt>
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      <Sole>5938</Sole>
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    <nameOfIssuer>Liberty Expedia Holdings Ser A</nameOfIssuer>
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    <value>2532</value>
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      <sshPrnamt>59167</sshPrnamt>
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      <Sole>59167</Sole>
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    <value>205</value>
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    <value>502</value>
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      <Sole>1672</Sole>
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    <value>263</value>
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      <sshPrnamt>2406</sshPrnamt>
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    <nameOfIssuer>Marathon Petroleum Corp.</nameOfIssuer>
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    <cusip>56585A102</cusip>
    <value>1615</value>
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      <sshPrnamt>26979</sshPrnamt>
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    <value>1</value>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>Markel Corp Hldg Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>570535104</cusip>
    <value>31597</value>
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      <sshPrnamt>31716</sshPrnamt>
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    <votingAuthority>
      <Sole>31716</Sole>
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    <nameOfIssuer>McDonalds Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>580135101</cusip>
    <value>1201</value>
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      <sshPrnamt>6326</sshPrnamt>
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    <nameOfIssuer>Medtronic PLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G5960L103</cusip>
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      <sshPrnamt>255003</sshPrnamt>
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      <sshPrnamt>17914</sshPrnamt>
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    <nameOfIssuer>Mercury General Corporation</nameOfIssuer>
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    <nameOfIssuer>MFA Financial Inc</nameOfIssuer>
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    <value>34164</value>
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    <nameOfIssuer>Minnesota Mining &amp; Manufacturi</nameOfIssuer>
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    <nameOfIssuer>Mosaic Company</nameOfIssuer>
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    <nameOfIssuer>MPLX LP</nameOfIssuer>
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    <nameOfIssuer>Nasdaq 100 Shares</nameOfIssuer>
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    <cusip>73935A104</cusip>
    <value>711</value>
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    <nameOfIssuer>NaturalShrimp Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>42</value>
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    <votingAuthority>
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    <nameOfIssuer>Netflix Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>64110L106</cusip>
    <value>974</value>
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    <titleOfClass>COM</titleOfClass>
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    <value>289</value>
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      <sshPrnamt>1497</sshPrnamt>
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      <Sole>1497</Sole>
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    <nameOfIssuer>Nike Inc Class B</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>654106103</cusip>
    <value>722</value>
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      <sshPrnamt>8572</sshPrnamt>
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    <votingAuthority>
      <Sole>8572</Sole>
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    <nameOfIssuer>Northrim BanCorp Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>666762109</cusip>
    <value>867</value>
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      <sshPrnamt>25200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
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    <nameOfIssuer>Northrop Grumman Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>666807102</cusip>
    <value>740</value>
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      <sshPrnamt>2744</sshPrnamt>
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    <votingAuthority>
      <Sole>2744</Sole>
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    <nameOfIssuer>Novartis AG Adr</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>66987V109</cusip>
    <value>453</value>
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      <sshPrnamt>4712</sshPrnamt>
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    <nameOfIssuer>NVIDIA Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67066G104</cusip>
    <value>5621</value>
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      <sshPrnamt>31304</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <nameOfIssuer>Occidental Petroleum Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>674599105</cusip>
    <value>12839</value>
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      <sshPrnamt>193940</sshPrnamt>
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    <nameOfIssuer>On Assignment Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>682159108</cusip>
    <value>1143</value>
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      <sshPrnamt>18000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
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    <nameOfIssuer>Oneok Inc New</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>682680103</cusip>
    <value>795</value>
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      <sshPrnamt>11389</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <titleOfClass>COM</titleOfClass>
    <cusip>68389X105</cusip>
    <value>299</value>
    <shrsOrPrnAmt>
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    <cusip>U6847D102</cusip>
    <value>19</value>
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      <None>0</None>
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    <cusip>693718108</cusip>
    <value>317</value>
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      <None>0</None>
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    <cusip>693304107</cusip>
    <value>8895</value>
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    <cusip>703481101</cusip>
    <value>402</value>
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      <sshPrnamt>28705</sshPrnamt>
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      <Sole>28705</Sole>
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    <cusip>708160106</cusip>
    <value>38</value>
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      <Sole>25500</Sole>
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      <None>0</None>
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    <nameOfIssuer>Pepsico</nameOfIssuer>
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    <cusip>713448108</cusip>
    <value>599</value>
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      <sshPrnamt>4890</sshPrnamt>
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    <value>1593</value>
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    <nameOfIssuer>Phillip Morris Intl</nameOfIssuer>
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    <cusip>718172109</cusip>
    <value>413</value>
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      <sshPrnamt>4671</sshPrnamt>
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    <value>669</value>
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    <nameOfIssuer>PIMCO Investment Grade Corpora</nameOfIssuer>
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    <cusip>72201R817</cusip>
    <value>11983</value>
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      <Sole>115505</Sole>
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      <None>0</None>
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    <nameOfIssuer>PIMCO Low Duration</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>693390304</cusip>
    <value>268</value>
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      <sshPrnamt>19502</sshPrnamt>
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    <nameOfIssuer>PIMCO Total Return ETF</nameOfIssuer>
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    <cusip>72201R775</cusip>
    <value>8854</value>
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    <nameOfIssuer>Potnetwork Hldgs In</nameOfIssuer>
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    <cusip>737636209</cusip>
    <value>2</value>
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      <sshPrnamt>12500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
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    <nameOfIssuer>PowerShares FTSE RAFI US 1000</nameOfIssuer>
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    <cusip>73935X583</cusip>
    <value>359</value>
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    <nameOfIssuer>Proctor &amp; Gamble</nameOfIssuer>
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    <value>818</value>
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    <votingAuthority>
      <Sole>7865</Sole>
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    <nameOfIssuer>Putnam VT Equity Income</nameOfIssuer>
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    <cusip>746896356</cusip>
    <value>284</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11652</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <nameOfIssuer>Qualcomm Inc</nameOfIssuer>
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    <cusip>747525103</cusip>
    <value>283</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4960</sshPrnamt>
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    <votingAuthority>
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    <nameOfIssuer>RCM Technologies Inc</nameOfIssuer>
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    <cusip>749360400</cusip>
    <value>832</value>
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    <nameOfIssuer>Reata Pharmaceuticals Inc</nameOfIssuer>
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    <cusip>75615P103</cusip>
    <value>335</value>
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      <sshPrnamt>3917</sshPrnamt>
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    <nameOfIssuer>Regions Financial Corp</nameOfIssuer>
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    <cusip>7591EP100</cusip>
    <value>1268</value>
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    <nameOfIssuer>ResMed Inc</nameOfIssuer>
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    <value>208</value>
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    <nameOfIssuer>Rexahn Pharmaceuticals Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>761640200</cusip>
    <value>20</value>
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    <cusip>773903109</cusip>
    <value>532</value>
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    <nameOfIssuer>Rydex S&amp;P Equal Weight ETF</nameOfIssuer>
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    <cusip>78355W106</cusip>
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    <nameOfIssuer>S P D R TRUST Unit SR</nameOfIssuer>
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    <nameOfIssuer>Schwab Emerging Markets Equity</nameOfIssuer>
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    <nameOfIssuer>Schwab International Equity ET</nameOfIssuer>
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    <cusip>808524805</cusip>
    <value>14152</value>
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    <nameOfIssuer>Schwab U.S. Aggregate Bond ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>808524839</cusip>
    <value>255</value>
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    <nameOfIssuer>Schwab U.S. Broad Market ETF</nameOfIssuer>
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    <cusip>808524102</cusip>
    <value>246</value>
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    <nameOfIssuer>Schwab U.S. Dividend Equity ET</nameOfIssuer>
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    <cusip>808524797</cusip>
    <value>1810</value>
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    <cusip>808524201</cusip>
    <value>529</value>
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    <nameOfIssuer>Schwab U.S. Mid-Cap ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>808524508</cusip>
    <value>32043</value>
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    <nameOfIssuer>Schwab U.S. Small-Cap ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>808524607</cusip>
    <value>9498</value>
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    <nameOfIssuer>Seagate Technology</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G7945J104</cusip>
    <value>15375</value>
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    <nameOfIssuer>SEI Investments Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>784117103</cusip>
    <value>353</value>
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      <sshPrnamt>6763</sshPrnamt>
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    <nameOfIssuer>Senseonics Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>81727U105</cusip>
    <value>49</value>
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      <Sole>20000</Sole>
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    <nameOfIssuer>Sherwin Williams Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>824348106</cusip>
    <value>2985</value>
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      <Sole>6930</Sole>
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    <nameOfIssuer>Sirius Satellite Radio</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>82967N108</cusip>
    <value>950</value>
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      <Sole>167633</Sole>
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    <nameOfIssuer>Southern Company</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>842587107</cusip>
    <value>541</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10472</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10472</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR Barclays Capital ST Muni</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A425</cusip>
    <value>390</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8045</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8045</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR Dividend ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>86330E760</cusip>
    <value>346</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3477</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3477</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR Gold Trust</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78463V107</cusip>
    <value>217</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1775</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1775</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR Portfolio Short Term Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A474</cusip>
    <value>1601</value>
    <shrsOrPrnAmt>
      <sshPrnamt>52393</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>52393</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Spdr S&amp;P 600 Small Cap</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A300</cusip>
    <value>938</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15557</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15557</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR(R) Portfolio Interm Term Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A375</cusip>
    <value>1193</value>
    <shrsOrPrnAmt>
      <sshPrnamt>34924</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>34924</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR(R) Portfolio Large Cap ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A854</cusip>
    <value>4851</value>
    <shrsOrPrnAmt>
      <sshPrnamt>145983</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>145983</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR(R) Portfolio Mid Cap ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A847</cusip>
    <value>3987</value>
    <shrsOrPrnAmt>
      <sshPrnamt>119628</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>119628</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR(R) Portfolio S&amp;P 500 High D</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78468R788</cusip>
    <value>1372</value>
    <shrsOrPrnAmt>
      <sshPrnamt>36250</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>36250</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR(R) S&amp;P Emerging Markets ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78463X509</cusip>
    <value>2726</value>
    <shrsOrPrnAmt>
      <sshPrnamt>76239</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>76239</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Sprott Physical Gold Trust</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>85207H104</cusip>
    <value>528</value>
    <shrsOrPrnAmt>
      <sshPrnamt>50480</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>50480</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Target Corporation</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87612E106</cusip>
    <value>271</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3375</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3375</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>TD AMERITRADE Holdings Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87236Y108</cusip>
    <value>501</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10021</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10021</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Technology Select Sector SPDR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>81369Y803</cusip>
    <value>258</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3485</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3485</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Templeton Global Bond</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>880208103</cusip>
    <value>112</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11050</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11050</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Templeton Global Incm Fd</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>880198106</cusip>
    <value>18784</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2981654</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2981654</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Tesla Motors, Inc.</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88160R101</cusip>
    <value>604</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2160</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2160</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Texas Instruments Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>882508104</cusip>
    <value>2226</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20990</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20990</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Texas South Energy Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88269V102</cusip>
    <value>1</value>
    <shrsOrPrnAmt>
      <sshPrnamt>50000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>50000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Total SA Adr</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89151E109</cusip>
    <value>16253</value>
    <shrsOrPrnAmt>
      <sshPrnamt>292062</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>292062</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>TransCanada Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89353D107</cusip>
    <value>36446</value>
    <shrsOrPrnAmt>
      <sshPrnamt>811002</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>811002</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Tree.com Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>894675107</cusip>
    <value>223</value>
    <shrsOrPrnAmt>
      <sshPrnamt>633</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>633</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Twilio Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>90138F102</cusip>
    <value>4109</value>
    <shrsOrPrnAmt>
      <sshPrnamt>31809</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>31809</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Tyler Technologies Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>902252105</cusip>
    <value>217</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1063</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1063</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>UBS ETRACS Mthly Py 2xLvg Clos</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>90270L842</cusip>
    <value>621</value>
    <shrsOrPrnAmt>
      <sshPrnamt>43865</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>43865</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Union Pacific Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>907818108</cusip>
    <value>203</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1216</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1216</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>United Parcel Service B</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>911312106</cusip>
    <value>5166</value>
    <shrsOrPrnAmt>
      <sshPrnamt>46235</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>46235</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>United Technologies Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>913017109</cusip>
    <value>323</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2506</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2506</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>United-Guardian Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>910571108</cusip>
    <value>211</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>UnitedHealth Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>91324P102</cusip>
    <value>265</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1072</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1072</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Universal Insurance Holdings I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>91359V107</cusip>
    <value>4724</value>
    <shrsOrPrnAmt>
      <sshPrnamt>152400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>152400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard Dividend Appreciation</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>921908844</cusip>
    <value>639</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5832</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5832</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard Emerging Market ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>922042858</cusip>
    <value>587</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13823</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13823</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard Growth ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>922908736</cusip>
    <value>1512</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9666</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9666</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard Intermediate-Term Cor</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>92206C870</cusip>
    <value>255</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2938</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2938</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard MSCI EAFE ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>921943858</cusip>
    <value>381</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9329</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9329</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard Small Cap ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>922908751</cusip>
    <value>339</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2220</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2220</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vanguard Value VIPERs</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>922908744</cusip>
    <value>814</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7564</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7564</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Verizon Communications</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>92343V104</cusip>
    <value>28876</value>
    <shrsOrPrnAmt>
      <sshPrnamt>488340</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>488340</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Visa Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>92826C839</cusip>
    <value>49114</value>
    <shrsOrPrnAmt>
      <sshPrnamt>314452</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>314452</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Visual Management Systems Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>92845K101</cusip>
    <value>0</value>
    <shrsOrPrnAmt>
      <sshPrnamt>250000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>250000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Vodafone Group ADR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>92857W209</cusip>
    <value>9669</value>
    <shrsOrPrnAmt>
      <sshPrnamt>531845</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>531845</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Wal-Mart Stores Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>931142103</cusip>
    <value>23552</value>
    <shrsOrPrnAmt>
      <sshPrnamt>241484</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>241484</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Walt Disney Co.</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>254687106</cusip>
    <value>604</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5440</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5440</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Waste Connections Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>941053100</cusip>
    <value>886</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Waste Management Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>94106L109</cusip>
    <value>299</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2879</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2879</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Wells Fargo &amp; Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>949746101</cusip>
    <value>27517</value>
    <shrsOrPrnAmt>
      <sshPrnamt>569477</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>569477</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Wells Fargo PFD - Q</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>949746556</cusip>
    <value>17111</value>
    <shrsOrPrnAmt>
      <sshPrnamt>656864</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>656864</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Western Midstream Partners Lp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>958669103</cusip>
    <value>376</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Wheaton Precious Metal Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>962879102</cusip>
    <value>836</value>
    <shrsOrPrnAmt>
      <sshPrnamt>35099</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>35099</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Williams Companies</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>969457100</cusip>
    <value>4203</value>
    <shrsOrPrnAmt>
      <sshPrnamt>146334</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>146334</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Xilinx Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>983919101</cusip>
    <value>471</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3712</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3712</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Xperi  Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>98421B100</cusip>
    <value>4761</value>
    <shrsOrPrnAmt>
      <sshPrnamt>203465</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>203465</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Zimmer Biomet Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>98956P102</cusip>
    <value>2107</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16497</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>16497</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Apple Computer Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>037833100</cusip>
    <value>532</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Adobe Systems Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00724F101</cusip>
    <value>11459</value>
    <shrsOrPrnAmt>
      <sshPrnamt>43000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>43000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Amgen Incorporated</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>031162100</cusip>
    <value>475</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Facebook Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30303M102</cusip>
    <value>1133</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>6800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>General Motors</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>370442105</cusip>
    <value>1002</value>
    <shrsOrPrnAmt>
      <sshPrnamt>27000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>27000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>IAC/InterActiveCorp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>44919P508</cusip>
    <value>735</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Kforce Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>493732101</cusip>
    <value>590</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>16800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>S P D R TRUST Unit SR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78462F103</cusip>
    <value>27937</value>
    <shrsOrPrnAmt>
      <sshPrnamt>98900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>98900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>iShares Lehman 20(plus) Tr Bd</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>464287432</cusip>
    <value>70908</value>
    <shrsOrPrnAmt>
      <sshPrnamt>560800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>560800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR S&amp;P Oil &amp; Gas ETF</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78464A730</cusip>
    <value>33777</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1098800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1098800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
