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
BIGLARI HLDGS INC COM STK CL B 08986R309 3,936 44,221 SH   DFND 1,2 0 44,221 0
BBX CAP CORP NEW CL A 05491N302 536 40,000 SH   DFND 1,2 0 40,000 0
CRAWFORD & CO CL A 224633206 232 35,500 SH   DFND 1,2 0 35,500 0
CRAWFORD & CO CL B 224633107 251 38,900 SH   DFND 1,2 0 38,900 0
HOUSTON WIRE & CABLE CO COM 44244K109 250 100,000 SH   DFND 1,2 0 100,000 0
MEDLEY CAP CORP COM 58503F502 892 50,000 SH   DFND 1,2 0 50,000 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 2,174 645,000 SH   DFND 1,2 0 645,000 0
OPIANT PHARMACEUTICALS INC COM 683750103 1,025 137,000 SH   DFND 1,2 0 137,000 0
PORTMAN RIDGE FIN CORP COM 73688F102 238 179,100 SH   DFND 1,2 0 179,100 0
ROCKY MTN CHOCOLATE FACTORY COM 77467X101 175 65,462 SH   DFND 1,2 0 65,462 0
SUPPORT COM INC COM NEW 86858W200 2,343 1,301,874 SH   DFND 1,2 0 1,301,874 0
SYNACOR INC COM 871561106 1,832 1,213,447 SH   DFND 1,2 0 1,213,447 0
SYNALLOY CORP COM 871565107 202 36,556 SH   DFND 1,2 0 36,556 0
TRANSGLOBE ENERGY CORP COM 893662106 204 535,500 SH   DFND 1,2 0 535,500 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 173 31,523 SH   DFND 1,2 0 31,523 0
VAALCO ENERGY INC COM NEW 91851C201 2,471 2,471,000 SH   DFND 1,2 0 2,471,000 0