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 48,407 2,037,347 SH   DFND   2,037,347 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 94,690 1,528,000 SH   DFND   1,528,000 0 0
CAESARS ACQUISITION CO CL A 12768T103 513 75,300 SH   DFND   75,300 0 0
CAESARS ENTMT CORP COM 127686103 19,804 2,510,000 SH   DFND   2,510,000 0 0
COOPER STD HLDGS INC COM 21676P103 365,484 4,710,452 SH   DFND   4,710,452 0 0
DEERE & CO PUT 244199955 980 10,000 SH Put DFND   10,000 0 0
DYNEGY INC NEW DEL COM 26817R108 34,995 2,611,600 SH   DFND   2,611,600 0 0
ENPRO INDS INC COM 29355X107 65,979 1,505,000 SH   DFND   1,505,000 0 0
GENCO SHIPPING & TRADING LTD SHS NEW Y2685T115 757 508,000 SH   DFND   508,000 0 0
IRSA INVERSIONES Y REP S A GLOBL DEP RCPT 450047204 4,121 335,000 SH   DFND   335,000 0 0
ISHARES TR PUT 464287955 670 3,700 SH Put DFND   3,700 0 0
LEE ENTERPRISES INC COM 523768109 4,453 2,650,658 SH   DFND   2,650,658 0 0
NORTEK INC COM NEW 656559309 34,046 780,505 SH   DFND   780,505 0 0
OVERSEAS SHIPHOLDING GROUP I COM CL A 69036R301 6,226 2,200,000 SH   DFND   2,200,000 0 0
SPDR S&P 500 ETF TR CALL 78462F903 760 190,000 SH Call DFND   190,000 0 0
TALEN ENERGY CORP COM 87422J105 8,939 1,434,800 SH   DFND   1,434,800 0 0
TOPBUILD CORP COM 89055F103 63,986 2,079,500 SH   DFND   2,079,500 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 43,050 3,337,214 SH   DFND   3,337,214 0 0