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
ALPHA NATURAL RESOURCES INC COM 02076X102 2,976 1,200,000 SH   SOLE   1,200,000 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 3,028 175,000 SH   SOLE   175,000 0 0
AXIALL CORP COM 05463D100 21,486 600,000 SH   SOLE   600,000 0 0
BARNES & NOBLE INC COM 067774109 39,480 2,000,000 SH Call SOLE   2,000,000 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 7,286 434,235 SH   SOLE   434,235 0 0
FOREST OIL CORP COM PAR $0.01 346091705 4,180 3,572,890 SH   SOLE   3,572,890 0 0
GENERAL MTRS CO COM 37045V100 33,895 1,061,200 SH Call SOLE   1,061,200 0 0
HALCON RES CORP COM NEW 40537Q209 9,108 2,300,000 SH   SOLE   2,300,000 0 0
HALCON RES CORP COM NEW 40537Q209 28,414 7,175,300 SH Call SOLE   7,175,300 0 0
MCDERMOTT INTL INC COM 580037109 13,227 2,312,365 SH   SOLE   2,312,365 0 0
MILLER ENERGY RES INC COM 600527105 935 212,500 SH Put SOLE   212,500 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62196103 27,271 4,545,203 SH   SOLE   4,545,203 0 0
PEABODY ENERGY CORP COM 704549104 37,464 3,026,200 SH Call SOLE   3,026,200 0 0
PROSHARES TR REAL EST NEW 11 74348A871 1,299 79,666 SH   SOLE   79,666 0 0
SAFE BULKERS INC COM Y7388L103 23,310 3,500,000 SH   SOLE   3,500,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 246,275 1,250,000 SH Put SOLE   1,250,000 0 0
TALISMAN ENERGY INC COM 87425E103 28,545 3,300,000 SH Call SOLE   3,300,000 0 0
UTI WORLDWIDE INC ORD G87210103 13,802 1,298,411 SH   SOLE   1,298,411 0 0
VALERO ENERGY CORP NEW COM 91913Y100 17,564 379,600 SH Call SOLE   379,600 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 12,738 690,756 SH   SOLE   690,756 0 0
WILLBROS GROUP INC DEL COM 969203108 23,532 2,825,000 SH   SOLE   2,825,000 0 0