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

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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
ASSURED GUARANTY LTD COM G0585R106 85,750 2,054,388 SH   DFND 1,2,3,4,5 2,054,388 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 9,111 265,866 SH   DFND 1,2,3,4,5 265,866 0 0
COWEN INC CL A NEW 223622606 4,518 278,009 SH   DFND 1,2,3,4,5 278,009 0 0
DHX MEDIA LTD SHS VAR VTG 252406608 23,495 5,340,000 SH   DFND 1,2,3,4,5 5,340,000 0 0
EVERTEC INC COM 30040P103 30,655 1,771,993 SH   DFND 1,2,3,4,5 1,771,993 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 24,256 2,046,955 SH   DFND 1,2,3,4,5 2,046,955 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 10,148 3,585,697 SH   DFND 1,2,3,4,5 3,585,697 0 0
KEY ENERGY SVCS INC DEL COM 49309J103 12,112 629,546 SH   DFND 1,2,3,4,5 629,546 0 0
LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 16,160 676,436 SH   DFND 1,2,3,4,5 676,436 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 31,889 1,330,390 SH   DFND 1,2,3,4,5 1,330,390 0 0
MBIA INC COM 55262C100 43,573 4,620,640 SH   DFND 1,2,3,4,5 4,620,640 0 0
MOTORCAR PTS AMER INC COM 620071100 50,144 1,775,626 SH   DFND 1,2,3,4,5 1,775,626 0 0
NORTHERN OIL & GAS INC NEV COM 665531109 4,439 3,170,624 SH   DFND 1,2,3,4,5 3,170,624 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 117,830 4,514,553 SH   DFND 1,2,3,4,5 4,514,553 0 0
SEARS HLDGS CORP COM 812350106 23,772 2,683,073 SH   DFND 1,2,3,4,5 2,683,073 0 0
SEARS HLDGS CORP *W EXP 12/15/201 812350155 2,306 1,094,495 SH   DFND 1,2,3,4,5 1,094,495 0 0
SHUTTERFLY INC COM 82568P304 65,258 1,373,860 SH   DFND 1,2,3,4,5 1,373,860 0 0
SRC ENERGY INC COM 78470V108 68,881 10,234,909 SH   DFND 1,2,3,4,5 10,234,909 0 0
TRONOX LTD SHS CL A Q9235V101 68,448 4,526,988 SH   DFND 1,2,3,4,5 4,526,988 0 0
WHITING PETE CORP NEW COM 966387102 117,566 21,336,862 SH   DFND 1,2,3,4,5 21,336,862 0 0
YELP INC CL A 985817105 32,871 1,094,962 SH   DFND 1,2,3,4,5 1,094,962 0 0