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 INTL GROUP INC W EXP 01/19/202 026874156 27,554 1,213,300 SH   DFND   1,213,300 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 144,607 2,545,000 SH   DFND   2,545,000 0 0
BARNES & NOBLE INC COM 067774109 31,002 2,560,000 SH   DFND   2,560,000 0 0
CAESARS ACQUISITION CO CL A 12768T103 535 75,300 SH   DFND   75,300 0 0
CAESARS ENTMT CORP COM 127686103 5,654 960,000 SH   DFND   960,000 0 0
COOPER STD HLDGS INC COM 21676P103 273,206 4,710,452 SH   DFND   4,710,452 0 0
DANA HLDG CORP COM 235825205 13,101 825,000 SH   DFND   825,000 0 0
DYNEGY INC NEW DEL COM 26817R108 36,999 1,790,000 SH   DFND   1,790,000 0 0
ENPRO INDS INC COM 29355X107 55,230 1,410,000 SH   DFND   1,410,000 0 0
GENCO SHIPPING & TRADING LTD SHS NEW ADDED Y2685T115 1,986 508,000 SH   DFND   508,000 0 0
GRAY TELEVISION INC COM 389375106 10,017 785,000 SH   DFND   785,000 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 4,871 335,000 SH   DFND   335,000 0 0
ISHARES TR PUT 464287955 2,937 3,155 SH Put DFND   3,155 0 0
LEE ENTERPRISES INC COM 523768109 6,472 3,111,500 SH   DFND   3,111,500 0 0
NORTEK INC COM NEW 656559309 46,881 740,500 SH   DFND   740,500 0 0
TALEN ENERGY CORP COM 87422J105 27,523 2,725,000 SH   DFND   2,725,000 0 0
TOPBUILD CORP COM 89055F103 67,205 2,170,000 SH   DFND   2,170,000 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 22,635 1,712,214 SH   DFND   1,712,214 0 0