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
ALCATEL-LUCENT SPONSORED ADR 013904305 706 200,000 SH   SOLE   200,000 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 706 200,000 SH Put SOLE   200,000 0 0
ANNALY CAP MGMT INC COM 035710409 5,790 500,000 SH   SOLE   500,000 0 0
ASTEX PHARMACEUTICALS INC COM 04624B103 30,833 3,633,592 SH   SOLE   3,633,592 0 0
BELO CORP COM SER A 080555105 63,552 4,638,862 SH   SOLE   4,638,862 0 0
BERRY PETE CO CL A 085789105 45,012 1,043,642 SH   SOLE   1,043,642 0 0
BLACKBERRY LTD COM 09228F103 556 70,000 SH Put SOLE   70,000 0 0
BOISE INC COM 09746Y105 21,269 1,688,053 SH   SOLE   1,688,053 0 0
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 1,118 48,565 SH   SOLE   48,565 0 0
COOPER TIRE & RUBR CO COM 216831107 752 24,400 SH Put SOLE   24,400 0 0
COOPER TIRE & RUBR CO COM 216831107 5,840 189,600 SH Call SOLE   189,600 0 0
COOPER TIRE & RUBR CO COM 216831107 9,640 313,002 SH   SOLE   313,002 0 0
DELL INC COM 24702R101 68,910 5,008,232 SH   SOLE   5,008,232 0 0
DEX MEDIA INC NEW COM 25213A107 324 40,000 SH Put SOLE   40,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 7,100 166,522 SH   SOLE   166,522 0 0
DOLE FOOD CO INC NEW COM 256603101 197 14,453 SH   SOLE   14,453 0 0
ECHOSTAR CORP CL A 278768106 4,296 97,780 SH   SOLE   97,780 0 0
ELAN PLC ADR 284131208 64,315 4,128,024 SH   SOLE   4,128,024 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,687 100,000 SH   SOLE   100,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,687 100,000 SH Put SOLE   100,000 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 645 34,652 SH   SOLE   34,652 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 916 34,652 SH   SOLE   34,652 0 0
GENERAL MTRS CO COM 37045V100 2,806 78,000 SH Put SOLE   78,000 0 0
GRAY TELEVISION INC COM 389375106 1,790 228,000 SH   SOLE   228,000 0 0
GSI GROUP INC CDA NEW COM NEW 36191C205 1,458 152,875 SH   SOLE   152,875 0 0
HARRIS TEETER SUPERMARKETS I COM 414585109 4,407 89,593 SH   SOLE   89,593 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 50,932 3,979,078 SH   SOLE   3,979,078 0 0
INTRALINKS HLDGS INC COM 46118H104 2,530 287,526 SH   SOLE   287,526 0 0
ISHARES RUSSELL 2000 ETF 464287655 47,975 450,000 SH Put SOLE   450,000 0 0
JONES GROUP INC COM 48020T101 16,865 1,123,595 SH   SOLE   1,123,595 0 0
JTH HLDG INC CL A 46637N103 3,659 193,104 SH   SOLE   193,104 0 0
KAYDON CORP COM 486587108 16,329 459,726 SH   SOLE   459,726 0 0
LENDER PROCESSING SVCS INC COM 52602E102 23,878 717,700 SH   SOLE   717,700 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 4,005 53,089 SH   SOLE   53,089 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 70,860 946,943 SH   SOLE   946,943 0 0
LUXFER HLDGS PLC SPONSORED ADR 550678106 2,608 163,199 SH   SOLE   163,199 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 2,813 52,533 SH   SOLE   52,533 0 0
NYSE EURONEXT COM 629491101 35,917 855,577 SH   SOLE   855,577 0 0
OFFICE DEPOT INC COM 676220106 1,932 400,000 SH Call SOLE   400,000 0 0
OFFICE DEPOT INC COM 676220106 40,243 8,331,786 SH   SOLE   8,331,786 0 0
ONYX PHARMACEUTICALS INC COM 683399109 63,809 511,752 SH   SOLE   511,752 0 0
PENNEY J C INC COM 708160106 440 50,000 SH Put SOLE   50,000 0 0
PENNEY J C INC COM 708160106 441 50,000 SH   SOLE   50,000 0 0
PIKE ELEC CORP COM 721283109 969 85,614 SH   SOLE   85,614 0 0
PRIMORIS SVCS CORP COM 74164F103 523 20,544 SH   SOLE   20,544 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 7,527 100,000 SH   SOLE   100,000 0 0
QUALITY DISTR INC FLA COM 74756M102 1,538 166,400 SH   SOLE   166,400 0 0
RITE AID CORP COM 767754104 952 200,000 SH   SOLE   200,000 0 0
RITE AID CORP COM 767754104 952 200,000 SH Put SOLE   200,000 0 0
RUE21 INC COM 781295100 2,129 52,800 SH Put SOLE   52,800 0 0
SAKS INC COM 79377W108 3,353 210,323 SH   SOLE   210,323 0 0
SMITHFIELD FOODS INC COM 832248108 31 900 SH Call SOLE   900 0 0
SMITHFIELD FOODS INC COM 832248108 34,332 1,010,651 SH   SOLE   1,010,651 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,510 10,000 SH Call SOLE   10,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 4,530 30,000 SH Put SOLE   30,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 156,232 929,900 SH Put SOLE   929,900 0 0
STAPLES INC COM 855030102 1,465 100,000 SH Call SOLE   100,000 0 0
THE ADT CORPORATION COM 00101J106 2,565 63,072 SH   SOLE   63,072 0 0
U S AIRWAYS GROUP INC COM 90341W108 758 40,000 SH Call SOLE   40,000 0 0
VERINT SYS INC COM 92343X100 2,540 68,531 SH   SOLE   68,531 0 0
WARNER CHILCOTT PLC IRELAND SHS A G94368100 20,737 905,764 SH   SOLE   905,764 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 1,971 114,206 SH   SOLE   114,206 0 0