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 75,938 2,011,613 SH   DFND 1,2,3,4,5 2,011,613 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 14,139 471,766 SH   DFND 1,2,3,4,5 471,766 0 0
DHX MEDIA LTD SHS VAR VTG 252406608 22,962 5,340,000 SH   DFND 1,2,3,4,5 5,340,000 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 24,461 2,046,955 SH   DFND 1,2,3,4,5 2,046,955 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 14,486 3,585,697 SH   DFND 1,2,3,4,5 3,585,697 0 0
KEY ENERGY SVCS INC DEL COM 49309J103 13,223 1,004,038 SH   DFND 1,2,3,4,5 1,004,038 0 0
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 5,942 255,000 SH   DFND 1,2,3,4,5 255,000 0 0
LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 17,161 676,436 SH   DFND 1,2,3,4,5 676,436 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 31,269 1,237,377 SH   DFND 1,2,3,4,5 1,237,377 0 0
MBIA INC COM 55262C100 75,920 8,726,432 SH   DFND 1,2,3,4,5 8,726,432 0 0
MOTORCAR PTS AMER INC COM 620071100 53,341 1,810,626 SH   DFND 1,2,3,4,5 1,810,626 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 146,593 3,197,228 SH   DFND 1,2,3,4,5 3,197,228 0 0
SEARS HLDGS CORP COM 812350106 19,586 2,683,073 SH   DFND 1,2,3,4,5 2,683,073 0 0
SEARS HLDGS CORP *W EXP 12/15/201 812350155 2,364 1,094,495 SH   DFND 1,2,3,4,5 1,094,495 0 0
SHUTTERFLY INC COM 82568P304 79,801 1,646,060 SH   DFND 1,2,3,4,5 1,646,060 0 0
SRC ENERGY INC COM 78470V108 85,922 8,885,413 SH   DFND 1,2,3,4,5 8,885,413 0 0
TRONOX LTD SHS CL A Q9235V101 67,286 3,188,887 SH   DFND 1,2,3,4,5 3,188,887 0 0
WHITING PETE CORP NEW COM 966387102 144,114 26,394,454 SH   DFND 1,2,3,4,5 26,394,454 0 0
YELP INC CL A 985817105 59,125 1,365,462 SH   DFND 1,2,3,4,5 1,365,462 0 0