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    <nameOfIssuer>1ST SOURCE CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>336901103</cusip>
    <value>2985</value>
    <shrsOrPrnAmt>
      <sshPrnamt>66836</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>66836</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  <infoTable>
    <nameOfIssuer>3M CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88579Y101</cusip>
    <value>232</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1300</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  <infoTable>
    <nameOfIssuer>AAR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>000361105</cusip>
    <value>3998</value>
    <shrsOrPrnAmt>
      <sshPrnamt>120960</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>120960</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ABBOTT LABS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>002824100</cusip>
    <value>280</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>7300</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  <infoTable>
    <nameOfIssuer>ACACIA RESH CORP</nameOfIssuer>
    <titleOfClass>ACACIA TCH COM</titleOfClass>
    <cusip>003881307</cusip>
    <value>278</value>
    <shrsOrPrnAmt>
      <sshPrnamt>42820</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>42820</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ACHILLION PHARMACEUTICALS IN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00448Q201</cusip>
    <value>11260</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2726488</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>2726488</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  <infoTable>
    <nameOfIssuer>ACORDA THERAPEUTICS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00484M106</cusip>
    <value>321</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>17100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ACTIVISION BLIZZARD INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00507V109</cusip>
    <value>29765</value>
    <shrsOrPrnAmt>
      <sshPrnamt>824300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>824300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ADIENT PLC</nameOfIssuer>
    <titleOfClass>ORD SHS</titleOfClass>
    <cusip>G0084W101</cusip>
    <value>2293</value>
    <shrsOrPrnAmt>
      <sshPrnamt>39134</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>39134</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>ADOBE SYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00724F101</cusip>
    <value>484</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>4700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ADVANCED ENERGY INDS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>007973100</cusip>
    <value>37131</value>
    <shrsOrPrnAmt>
      <sshPrnamt>678189</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>678189</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ADVANCED MICRO DEVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>007903107</cusip>
    <value>1475</value>
    <shrsOrPrnAmt>
      <sshPrnamt>130100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>130100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ADVANTAGE OIL &amp; GAS LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00765F101</cusip>
    <value>373</value>
    <shrsOrPrnAmt>
      <sshPrnamt>54900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>54900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ADVERUM BIOTECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00773U108</cusip>
    <value>3583</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1235345</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1235345</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>AERCAP HOLDINGS NV</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>N00985106</cusip>
    <value>1352</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>32500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>AEROVIRONMENT INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>008073108</cusip>
    <value>875</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>32600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>AETNA INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00817Y108</cusip>
    <value>570</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>4600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>AFLAC INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>001055102</cusip>
    <value>731</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>10500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AGNICO EAGLE MINES LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>008474108</cusip>
    <value>592</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>14100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AGRIUM INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>008916108</cusip>
    <value>553</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>5500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALCOA CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>013872106</cusip>
    <value>40995</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1459945</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1459945</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALERE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>01449J105</cusip>
    <value>1146</value>
    <shrsOrPrnAmt>
      <sshPrnamt>29400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>29400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALEXANDERS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>014752109</cusip>
    <value>817</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1914</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1914</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALEXION PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>015351109</cusip>
    <value>367</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALIBABA GROUP HLDG LTD</nameOfIssuer>
    <titleOfClass>SPONSORED ADS</titleOfClass>
    <cusip>01609W102</cusip>
    <value>20978</value>
    <shrsOrPrnAmt>
      <sshPrnamt>238900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>238900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALKERMES PLC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G01767105</cusip>
    <value>806</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>14500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALLEGHANY CORP DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>017175100</cusip>
    <value>12596</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20713</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>20713</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALLERGAN PLC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G0177J108</cusip>
    <value>609</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALLETE INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>018522300</cusip>
    <value>5803</value>
    <shrsOrPrnAmt>
      <sshPrnamt>90400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>90400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ALLIED MOTION TECHNOLOGIES I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>019330109</cusip>
    <value>753</value>
    <shrsOrPrnAmt>
      <sshPrnamt>35188</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>35188</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALLISON TRANSMISSION HLDGS I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>01973R101</cusip>
    <value>19673</value>
    <shrsOrPrnAmt>
      <sshPrnamt>583940</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>583940</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALLSTATE CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>020002101</cusip>
    <value>144030</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1943195</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1943195</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALPHA &amp; OMEGA SEMICONDUCTOR</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G6331P104</cusip>
    <value>16064</value>
    <shrsOrPrnAmt>
      <sshPrnamt>755252</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>755252</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALPHABET INC</nameOfIssuer>
    <titleOfClass>CAP STK CL C</titleOfClass>
    <cusip>02079K107</cusip>
    <value>108657</value>
    <shrsOrPrnAmt>
      <sshPrnamt>140780</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>140780</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALPHABET INC</nameOfIssuer>
    <titleOfClass>CAP STK CL A</titleOfClass>
    <cusip>02079K305</cusip>
    <value>90884</value>
    <shrsOrPrnAmt>
      <sshPrnamt>114687</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>114687</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALPHATEC HOLDINGS INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>02081G201</cusip>
    <value>296</value>
    <shrsOrPrnAmt>
      <sshPrnamt>92082</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>92082</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ALTRA INDL MOTION CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>02208R106</cusip>
    <value>2406</value>
    <shrsOrPrnAmt>
      <sshPrnamt>65200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>65200</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AMAG PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00163U106</cusip>
    <value>32647</value>
    <shrsOrPrnAmt>
      <sshPrnamt>938132</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>938132</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AMBAC FINL GROUP INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>023139884</cusip>
    <value>11002</value>
    <shrsOrPrnAmt>
      <sshPrnamt>488970</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>488970</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AMC NETWORKS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>00164V103</cusip>
    <value>2235</value>
    <shrsOrPrnAmt>
      <sshPrnamt>42700</sshPrnamt>
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    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>ARLINGTON ASSET INVT CORP</nameOfIssuer>
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    <nameOfIssuer>ARMADA HOFFLER PPTYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>04208T108</cusip>
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    <titleOfClass>SHS</titleOfClass>
    <cusip>G0551A103</cusip>
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    <nameOfIssuer>ARROW ELECTRS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>ASBURY AUTOMOTIVE GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>043436104</cusip>
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    <nameOfIssuer>ASCENA RETAIL GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>04351G101</cusip>
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    <nameOfIssuer>ASCENT CAP GROUP INC</nameOfIssuer>
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    <nameOfIssuer>ASHLAND GLOBAL HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>044186104</cusip>
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      <sshPrnamt>8800</sshPrnamt>
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    <cusip>075896100</cusip>
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      <Sole>47400</Sole>
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    <cusip>077347300</cusip>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>08160H101</cusip>
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      <Sole>640498</Sole>
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    <cusip>084670702</cusip>
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    <titleOfClass>COM</titleOfClass>
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    <titleOfClass>COM</titleOfClass>
    <cusip>086516101</cusip>
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      <sshPrnamt>579837</sshPrnamt>
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    <cusip>08915P101</cusip>
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      <sshPrnamt>1111980</sshPrnamt>
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    <cusip>089302103</cusip>
    <value>13154</value>
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      <sshPrnamt>261976</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>261976</Sole>
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      <None>0</None>
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    <nameOfIssuer>BIOGEN INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09062X103</cusip>
    <value>19690</value>
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      <sshPrnamt>69432</sshPrnamt>
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      <Sole>69432</Sole>
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    <cusip>09061G101</cusip>
    <value>257</value>
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      <Sole>3100</Sole>
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      <None>0</None>
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    <nameOfIssuer>BIOSPECIFICS TECHNOLOGIES CO</nameOfIssuer>
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    <cusip>090931106</cusip>
    <value>8589</value>
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      <sshPrnamt>154196</sshPrnamt>
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      <Sole>154196</Sole>
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    <nameOfIssuer>BLACK BOX CORP DEL</nameOfIssuer>
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    <cusip>091826107</cusip>
    <value>730</value>
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      <sshPrnamt>47865</sshPrnamt>
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      <Sole>47865</Sole>
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    <nameOfIssuer>BLUCORA INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>095229100</cusip>
    <value>12159</value>
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      <sshPrnamt>824352</sshPrnamt>
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    <nameOfIssuer>BLUE BUFFALO PET PRODS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09531U102</cusip>
    <value>606</value>
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    <nameOfIssuer>BLUE NILE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09578R103</cusip>
    <value>3105</value>
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      <sshPrnamt>76422</sshPrnamt>
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      <Sole>76422</Sole>
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      <None>0</None>
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    <nameOfIssuer>BOEING CO</nameOfIssuer>
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    <value>31783</value>
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      <sshPrnamt>204159</sshPrnamt>
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      <Sole>204159</Sole>
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      <None>0</None>
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    <nameOfIssuer>BORGWARNER INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>099724106</cusip>
    <value>939</value>
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      <Sole>23800</Sole>
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      <None>0</None>
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    <nameOfIssuer>BOSTON SCIENTIFIC CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>101137107</cusip>
    <value>621</value>
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      <sshPrnamt>28700</sshPrnamt>
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      <None>0</None>
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    <nameOfIssuer>BOYD GAMING CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>103304101</cusip>
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    <nameOfIssuer>BRAVO BRIO RESTAURANT GROUP</nameOfIssuer>
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    <nameOfIssuer>BRIDGEPOINT ED INC</nameOfIssuer>
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    <nameOfIssuer>BRISTOL MYERS SQUIBB CO</nameOfIssuer>
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    <nameOfIssuer>BUILDERS FIRSTSOURCE INC</nameOfIssuer>
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    <nameOfIssuer>BWX TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>CABOT CORP</nameOfIssuer>
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    <nameOfIssuer>CABOT OIL &amp; GAS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>CALLAWAY GOLF CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>131193104</cusip>
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    <nameOfIssuer>CALPINE CORP</nameOfIssuer>
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    <cusip>131347304</cusip>
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    <nameOfIssuer>CANADIAN NATL RY CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>136375102</cusip>
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    <nameOfIssuer>CANTEL MEDICAL CORP</nameOfIssuer>
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    <cusip>138098108</cusip>
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      <sshPrnamt>3700</sshPrnamt>
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    <nameOfIssuer>CAPELLA EDUCATION COMPANY</nameOfIssuer>
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    <cusip>139594105</cusip>
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    <nameOfIssuer>CAPITAL ONE FINL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>14040H105</cusip>
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    <nameOfIssuer>CARBONITE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>141337105</cusip>
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    <nameOfIssuer>CARDINAL HEALTH INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>14149Y108</cusip>
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    <nameOfIssuer>CARDIOVASCULAR SYS INC DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>141619106</cusip>
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    <nameOfIssuer>CARDTRONICS PLC</nameOfIssuer>
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    <cusip>G1991C105</cusip>
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      <Sole>161500</Sole>
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    <nameOfIssuer>CARE CAP PPTYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>141624106</cusip>
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      <sshPrnamt>455405</sshPrnamt>
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    <nameOfIssuer>CELLDEX THERAPEUTICS INC NEW</nameOfIssuer>
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    <nameOfIssuer>CENTRAL VALLEY CMNTY BANCORP</nameOfIssuer>
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    <nameOfIssuer>CHANGYOU COM LTD</nameOfIssuer>
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    <cusip>218683100</cusip>
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      <Sole>195732</Sole>
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    <nameOfIssuer>CORESITE RLTY CORP</nameOfIssuer>
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    <cusip>21870Q105</cusip>
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      <Sole>330375</Sole>
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    <nameOfIssuer>CORPORATE OFFICE PPTYS TR</nameOfIssuer>
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    <cusip>22002T108</cusip>
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      <Sole>9500</Sole>
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      <None>0</None>
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      <Sole>27800</Sole>
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    <nameOfIssuer>COSTCO WHSL CORP NEW</nameOfIssuer>
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      <None>0</None>
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    <nameOfIssuer>CRA INTL INC</nameOfIssuer>
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      <Sole>133512</Sole>
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      <None>0</None>
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      <Sole>50600</Sole>
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      <None>0</None>
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    <nameOfIssuer>CREDIT ACCEP CORP MICH</nameOfIssuer>
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      <Sole>5400</Sole>
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      <None>0</None>
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      <Sole>14200</Sole>
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    <nameOfIssuer>CUBESMART</nameOfIssuer>
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    <value>311</value>
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      <sshPrnamt>11600</sshPrnamt>
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      <Sole>11600</Sole>
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      <sshPrnamt>7500</sshPrnamt>
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      <Sole>7500</Sole>
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    <nameOfIssuer>CUSTOMERS BANCORP INC</nameOfIssuer>
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    <nameOfIssuer>CVS HEALTH CORP</nameOfIssuer>
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      <sshPrnamt>1016817</sshPrnamt>
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      <Sole>1016817</Sole>
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    <nameOfIssuer>CYNOSURE INC</nameOfIssuer>
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      <sshPrnamt>89207</sshPrnamt>
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      <Sole>89207</Sole>
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    <nameOfIssuer>CYRUSONE INC</nameOfIssuer>
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    <value>255</value>
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      <sshPrnamt>5700</sshPrnamt>
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      <Sole>5700</Sole>
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      <None>0</None>
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    <nameOfIssuer>D R HORTON INC</nameOfIssuer>
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    <nameOfIssuer>DANAHER CORP DEL</nameOfIssuer>
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    <nameOfIssuer>DAQO NEW ENERGY CORP</nameOfIssuer>
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    <cusip>23918K108</cusip>
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    <nameOfIssuer>DELTA AIR LINES INC DEL</nameOfIssuer>
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    <nameOfIssuer>DEVRY ED GROUP INC</nameOfIssuer>
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    <nameOfIssuer>DHI GROUP INC</nameOfIssuer>
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      <Sole>139042</Sole>
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    <nameOfIssuer>DICKS SPORTING GOODS INC</nameOfIssuer>
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    <nameOfIssuer>DIEBOLD NXDF INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>DILLARDS INC</nameOfIssuer>
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    <nameOfIssuer>DISCOVER FINL SVCS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>4397</value>
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    <nameOfIssuer>DISCOVERY COMMUNICATNS NEW</nameOfIssuer>
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      <Sole>38300</Sole>
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    <nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
    <titleOfClass>COM DISNEY</titleOfClass>
    <cusip>254687106</cusip>
    <value>261</value>
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    <nameOfIssuer>DOLBY LABORATORIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25659T107</cusip>
    <value>1057</value>
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      <Sole>23400</Sole>
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    <nameOfIssuer>DOLLAR GEN CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>256677105</cusip>
    <value>207</value>
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    <nameOfIssuer>ENTERPRISE FINL SVCS CORP</nameOfIssuer>
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    <nameOfIssuer>ENVISION HEALTHCARE CORP</nameOfIssuer>
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    <cusip>29414D100</cusip>
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    <nameOfIssuer>EQUITY LIFESTYLE PPTYS INC</nameOfIssuer>
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    <cusip>29472R108</cusip>
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    <nameOfIssuer>ERA GROUP INC</nameOfIssuer>
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      <Sole>328048</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>297602104</cusip>
    <value>575</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>15600</Sole>
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      <None>0</None>
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    <nameOfIssuer>EVEREST RE GROUP LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G3223R108</cusip>
    <value>85893</value>
    <shrsOrPrnAmt>
      <sshPrnamt>396916</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>396916</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>EVERTEC INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30040P103</cusip>
    <value>3186</value>
    <shrsOrPrnAmt>
      <sshPrnamt>179466</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>179466</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>EVOLUTION PETROLEUM CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30049A107</cusip>
    <value>1830</value>
    <shrsOrPrnAmt>
      <sshPrnamt>183038</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>183038</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXACTECH INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30064E109</cusip>
    <value>1041</value>
    <shrsOrPrnAmt>
      <sshPrnamt>38143</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>38143</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXELON CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30161N101</cusip>
    <value>17965</value>
    <shrsOrPrnAmt>
      <sshPrnamt>506200</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>506200</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXPEDITORS INTL WASH INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>302130109</cusip>
    <value>201</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3800</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3800</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXPRESS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30219E103</cusip>
    <value>507</value>
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      <sshPrnamt>47100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>47100</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXPRESS SCRIPTS HLDG CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30219G108</cusip>
    <value>151949</value>
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      <sshPrnamt>2208889</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2208889</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXTENDED STAY AMER INC</nameOfIssuer>
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    <cusip>30224P200</cusip>
    <value>2453</value>
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      <sshPrnamt>151900</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>151900</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXTREME NETWORKS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30226D106</cusip>
    <value>6171</value>
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      <sshPrnamt>1226849</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1226849</Sole>
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      <None>0</None>
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    <nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30231G102</cusip>
    <value>12112</value>
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      <sshPrnamt>134190</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>134190</Sole>
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      <None>0</None>
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    <nameOfIssuer>F5 NETWORKS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>315616102</cusip>
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    <shrsOrPrnAmt>
      <sshPrnamt>238910</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>238910</Sole>
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      <None>0</None>
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    <nameOfIssuer>FACEBOOK INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>30303M102</cusip>
    <value>6132</value>
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      <sshPrnamt>53300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>53300</Sole>
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      <None>0</None>
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    <nameOfIssuer>FASTENAL CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>311900104</cusip>
    <value>254</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>5400</Sole>
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      <None>0</None>
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    <nameOfIssuer>FCB FINL HLDGS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>30255G103</cusip>
    <value>14821</value>
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      <sshPrnamt>310713</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>310713</Sole>
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      <None>0</None>
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    <nameOfIssuer>FEDERAL AGRIC MTG CORP</nameOfIssuer>
    <titleOfClass>CL C</titleOfClass>
    <cusip>313148306</cusip>
    <value>19924</value>
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      <sshPrnamt>347892</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>347892</Sole>
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      <None>0</None>
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    <nameOfIssuer>FINISAR CORP</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>31787A507</cusip>
    <value>2331</value>
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      <sshPrnamt>77000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>77000</Sole>
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      <None>0</None>
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    <nameOfIssuer>FINISH LINE INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>317923100</cusip>
    <value>22303</value>
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      <sshPrnamt>1185710</sshPrnamt>
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      <Sole>1185710</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST DEFIANCE FINL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>32006W106</cusip>
    <value>10183</value>
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      <sshPrnamt>200695</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>200695</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST FINANCIAL NORTHWEST IN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>32022K102</cusip>
    <value>2837</value>
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      <sshPrnamt>143704</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>143704</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST FINL BANCORP OH</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>320209109</cusip>
    <value>1070</value>
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      <sshPrnamt>37600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>37600</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST FINL CORP IND</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>320218100</cusip>
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      <sshPrnamt>65957</sshPrnamt>
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      <Sole>65957</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST INDUSTRIAL REALTY TRUS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>32054K103</cusip>
    <value>328</value>
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      <sshPrnamt>11700</sshPrnamt>
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      <Sole>11700</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST POTOMAC RLTY TR</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>33610F109</cusip>
    <value>766</value>
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      <sshPrnamt>69800</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>69800</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRST REP BK SAN FRANCISCO C</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>33616C100</cusip>
    <value>1603</value>
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      <sshPrnamt>17400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>17400</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIRSTENERGY CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>337932107</cusip>
    <value>62133</value>
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      <sshPrnamt>2006247</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>2006247</Sole>
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      <None>0</None>
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    <nameOfIssuer>FIVE PRIME THERAPEUTICS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>33830X104</cusip>
    <value>1749</value>
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      <Sole>34900</Sole>
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      <None>0</None>
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    <nameOfIssuer>FLEETCOR TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>382</value>
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      <Sole>2700</Sole>
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    <nameOfIssuer>FLEX LTD</nameOfIssuer>
    <titleOfClass>ORD</titleOfClass>
    <cusip>Y2573F102</cusip>
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      <Sole>41800</Sole>
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    <nameOfIssuer>FLEXSTEEL INDS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>339382103</cusip>
    <value>2038</value>
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      <Sole>33040</Sole>
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      <None>0</None>
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    <nameOfIssuer>FLOWERS FOODS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>343498101</cusip>
    <value>3023</value>
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      <Sole>151400</Sole>
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      <None>0</None>
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    <nameOfIssuer>FLUSHING FINL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>343873105</cusip>
    <value>2298</value>
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      <Sole>78193</Sole>
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    <nameOfIssuer>FLY LEASING LTD</nameOfIssuer>
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    <cusip>34407D109</cusip>
    <value>3449</value>
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      <Sole>259323</Sole>
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    <nameOfIssuer>FMC TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30249U101</cusip>
    <value>12659</value>
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      <sshPrnamt>356300</sshPrnamt>
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      <Sole>356300</Sole>
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      <None>0</None>
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    <nameOfIssuer>FONAR CORP</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>344437405</cusip>
    <value>5542</value>
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      <Sole>289392</Sole>
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    <nameOfIssuer>FOOT LOCKER INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>344849104</cusip>
    <value>22719</value>
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      <Sole>320479</Sole>
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      <None>0</None>
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    <nameOfIssuer>FORD MTR CO DEL</nameOfIssuer>
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    <cusip>345370860</cusip>
    <value>4498</value>
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      <Sole>370800</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>FOREST CITY RLTY TR INC</nameOfIssuer>
    <titleOfClass>COM CL A</titleOfClass>
    <cusip>345605109</cusip>
    <value>25481</value>
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      <Sole>1222673</Sole>
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    <nameOfIssuer>FORESTAR GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>346233109</cusip>
    <value>3189</value>
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    <nameOfIssuer>GAMING &amp; LEISURE PPTYS INC</nameOfIssuer>
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    <nameOfIssuer>GAP INC DEL</nameOfIssuer>
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    <nameOfIssuer>GASLOG LTD</nameOfIssuer>
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    <nameOfIssuer>GENERAL DYNAMICS CORP</nameOfIssuer>
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      <None>0</None>
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    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
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    <nameOfIssuer>GLOBAL BRASS &amp; COPPR HLDGS I</nameOfIssuer>
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    <nameOfIssuer>GRANITE REAL ESTATE INVT TR</nameOfIssuer>
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    <nameOfIssuer>GULFPORT ENERGY CORP</nameOfIssuer>
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    <cusip>402635304</cusip>
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    <nameOfIssuer>H &amp; E EQUIPMENT SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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  <infoTable>
    <nameOfIssuer>HABIT RESTAURANTS INC</nameOfIssuer>
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    <titleOfClass>COM</titleOfClass>
    <cusip>404609109</cusip>
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      <None>0</None>
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    <nameOfIssuer>JETBLUE AIRWAYS CORP</nameOfIssuer>
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    <cusip>47759T100</cusip>
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    <nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
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    <cusip>478160104</cusip>
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      <sshPrnamt>90300</sshPrnamt>
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      <sshPrnamt>80637</sshPrnamt>
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    <nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
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      <Sole>24400</Sole>
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    <nameOfIssuer>JUNIPER NETWORKS INC</nameOfIssuer>
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      <Sole>11900</Sole>
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    <nameOfIssuer>JUST ENERGY GROUP INC</nameOfIssuer>
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    <cusip>48213W101</cusip>
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      <Sole>284790</Sole>
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      <None>0</None>
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    <nameOfIssuer>K12 INC</nameOfIssuer>
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      <sshPrnamt>1091479</sshPrnamt>
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      <Sole>1091479</Sole>
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    <nameOfIssuer>KADANT INC</nameOfIssuer>
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      <sshPrnamt>22300</sshPrnamt>
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      <Sole>22300</Sole>
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      <None>0</None>
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    <nameOfIssuer>KAISER ALUMINUM CORP</nameOfIssuer>
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    <value>4421</value>
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      <Sole>56900</Sole>
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      <None>0</None>
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    <nameOfIssuer>KAPSTONE PAPER &amp; PACKAGING C</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48562P103</cusip>
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      <sshPrnamt>213200</sshPrnamt>
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      <Sole>213200</Sole>
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      <None>0</None>
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    <nameOfIssuer>KB FINANCIAL GROUP INC</nameOfIssuer>
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    <cusip>48241A105</cusip>
    <value>2096</value>
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      <sshPrnamt>59400</sshPrnamt>
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      <Sole>59400</Sole>
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      <None>0</None>
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    <nameOfIssuer>KCG HLDGS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>48244B100</cusip>
    <value>18392</value>
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      <sshPrnamt>1388092</sshPrnamt>
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      <Sole>1388092</Sole>
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      <None>0</None>
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    <nameOfIssuer>KFORCE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>493732101</cusip>
    <value>296</value>
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      <sshPrnamt>12800</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>12800</Sole>
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      <None>0</None>
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    <nameOfIssuer>KILROY RLTY CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>49427F108</cusip>
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      <sshPrnamt>14500</sshPrnamt>
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    <nameOfIssuer>KITE RLTY GROUP TR</nameOfIssuer>
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    <value>258</value>
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      <sshPrnamt>11000</sshPrnamt>
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      <Sole>11000</Sole>
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      <None>0</None>
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    <nameOfIssuer>KLA-TENCOR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>482480100</cusip>
    <value>818</value>
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      <sshPrnamt>10400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <None>0</None>
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    <nameOfIssuer>KMG CHEMICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>482564101</cusip>
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      <sshPrnamt>120571</sshPrnamt>
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    <nameOfIssuer>KNOLL INC</nameOfIssuer>
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      <sshPrnamt>47580</sshPrnamt>
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    <nameOfIssuer>KOHLS CORP</nameOfIssuer>
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    <cusip>500255104</cusip>
    <value>64488</value>
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      <sshPrnamt>1305961</sshPrnamt>
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    <nameOfIssuer>KOPPERS HOLDINGS INC</nameOfIssuer>
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    <cusip>50060P106</cusip>
    <value>2100</value>
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    <nameOfIssuer>KOREA ELECTRIC PWR</nameOfIssuer>
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    <cusip>500631106</cusip>
    <value>28132</value>
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      <sshPrnamt>1522286</sshPrnamt>
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    <nameOfIssuer>KT CORP</nameOfIssuer>
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    <cusip>48268K101</cusip>
    <value>1351</value>
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      <sshPrnamt>95900</sshPrnamt>
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    <nameOfIssuer>KULICKE &amp; SOFFA INDS INC</nameOfIssuer>
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    <titleOfClass>COM</titleOfClass>
    <cusip>501797104</cusip>
    <value>593</value>
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      <sshPrnamt>9000</sshPrnamt>
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    <nameOfIssuer>L-3 COMMUNICATIONS HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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      <sshPrnamt>61300</sshPrnamt>
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      <Sole>61300</Sole>
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    <nameOfIssuer>LA Z BOY INC</nameOfIssuer>
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    <nameOfIssuer>LABORATORY CORP AMER HLDGS</nameOfIssuer>
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    <cusip>50540R409</cusip>
    <value>745</value>
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      <None>0</None>
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    <nameOfIssuer>LAM RESEARCH CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>512807108</cusip>
    <value>1607</value>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <None>0</None>
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    <nameOfIssuer>LAMB WESTON HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>513272104</cusip>
    <value>62929</value>
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      <Sole>1662583</Sole>
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      <None>0</None>
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    <nameOfIssuer>LANCASTER COLONY CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>513847103</cusip>
    <value>283</value>
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      <None>0</None>
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    <nameOfIssuer>LANDAUER INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>51476K103</cusip>
    <value>3069</value>
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      <sshPrnamt>63797</sshPrnamt>
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      <Sole>63797</Sole>
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      <None>0</None>
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    <nameOfIssuer>LANDSTAR SYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>515098101</cusip>
    <value>1083</value>
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      <sshPrnamt>12700</sshPrnamt>
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      <Sole>12700</Sole>
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      <None>0</None>
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    <nameOfIssuer>LANNET INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>516012101</cusip>
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      <sshPrnamt>45851</sshPrnamt>
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      <Sole>45851</Sole>
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    <nameOfIssuer>LANTHEUS HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>516544103</cusip>
    <value>18013</value>
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      <sshPrnamt>2094575</sshPrnamt>
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      <Sole>2094575</Sole>
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      <None>0</None>
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    <nameOfIssuer>LAS VEGAS SANDS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>517834107</cusip>
    <value>710</value>
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      <Sole>13300</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>LAUDER ESTEE COS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>518439104</cusip>
    <value>818</value>
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    <cusip>521865204</cusip>
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      <sshPrnamt>1004484</sshPrnamt>
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    <nameOfIssuer>LEGACY TEX FINL GROUP INC</nameOfIssuer>
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    <value>698</value>
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      <Sole>16200</Sole>
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    <nameOfIssuer>LEMAITRE VASCULAR INC</nameOfIssuer>
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      <sshPrnamt>27900</sshPrnamt>
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      <Sole>27900</Sole>
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      <None>0</None>
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    <cusip>526057104</cusip>
    <value>1099</value>
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      <sshPrnamt>25600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>25600</Sole>
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    <cusip>526107107</cusip>
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      <Sole>5800</Sole>
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    <nameOfIssuer>LEUCADIA NATL CORP</nameOfIssuer>
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    <cusip>527288104</cusip>
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    <cusip>530307305</cusip>
    <value>637</value>
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      <sshPrnamt>8600</sshPrnamt>
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      <Sole>8600</Sole>
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    <nameOfIssuer>LIBERTY INTERACTIVE CORP</nameOfIssuer>
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    <value>1169</value>
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      <Sole>58500</Sole>
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    <nameOfIssuer>LIFEPOINT HEALTH INC</nameOfIssuer>
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      <sshPrnamt>5900</sshPrnamt>
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      <Sole>5900</Sole>
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      <None>0</None>
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    <nameOfIssuer>LIFEVANTAGE CORP</nameOfIssuer>
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      <sshPrnamt>193510</sshPrnamt>
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      <Sole>193510</Sole>
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    <nameOfIssuer>LILLY ELI &amp; CO</nameOfIssuer>
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    <cusip>532457108</cusip>
    <value>3163</value>
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      <sshPrnamt>43000</sshPrnamt>
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      <Sole>43000</Sole>
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    <nameOfIssuer>LINCOLN NATL CORP IND</nameOfIssuer>
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      <sshPrnamt>441387</sshPrnamt>
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      <Sole>441387</Sole>
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    <nameOfIssuer>LIQUIDITY SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>53635B107</cusip>
    <value>5134</value>
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      <sshPrnamt>526557</sshPrnamt>
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      <Sole>526557</Sole>
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    <nameOfIssuer>LITHIA MTRS INC</nameOfIssuer>
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    <cusip>536797103</cusip>
    <value>581</value>
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      <sshPrnamt>6000</sshPrnamt>
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      <Sole>6000</Sole>
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      <None>0</None>
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    <nameOfIssuer>LOCKHEED MARTIN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>539830109</cusip>
    <value>912</value>
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      <sshPrnamt>3650</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3650</Sole>
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      <None>0</None>
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    <nameOfIssuer>LOEWS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>540424108</cusip>
    <value>398</value>
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      <sshPrnamt>8500</sshPrnamt>
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      <Sole>8500</Sole>
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      <None>0</None>
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    <nameOfIssuer>LOUISIANA PAC CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>546347105</cusip>
    <value>10832</value>
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      <sshPrnamt>572200</sshPrnamt>
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      <Sole>572200</Sole>
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      <None>0</None>
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    <nameOfIssuer>LOWES COS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>548661107</cusip>
    <value>3343</value>
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      <sshPrnamt>47000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>47000</Sole>
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    <nameOfIssuer>LSC COMMUNICATIONS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>50218P107</cusip>
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      <Sole>229475</Sole>
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    <nameOfIssuer>LUXOFT HLDG INC</nameOfIssuer>
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    <nameOfIssuer>LYDALL INC DEL</nameOfIssuer>
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      <Sole>43888</Sole>
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    <nameOfIssuer>LYONDELLBASELL INDUSTRIES N</nameOfIssuer>
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    <nameOfIssuer>M &amp; T BK CORP</nameOfIssuer>
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    <nameOfIssuer>M D C HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>M/I HOMES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55305B101</cusip>
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      <Sole>32900</Sole>
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    <nameOfIssuer>MACK CALI RLTY CORP</nameOfIssuer>
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    <nameOfIssuer>MACROGENICS INC</nameOfIssuer>
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      <Sole>76465</Sole>
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      <None>0</None>
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    <nameOfIssuer>MACYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>3555</value>
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    <nameOfIssuer>MAGICJACK VOCALTEC LTD</nameOfIssuer>
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    <nameOfIssuer>MALLINCKRODT PUB LTD CO</nameOfIssuer>
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    <cusip>G5785G107</cusip>
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    <nameOfIssuer>MAMMOTH ENERGY SVCS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>MANHATTAN ASSOCS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>902</value>
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    <nameOfIssuer>MANPOWERGROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>MARATHON OIL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>565849106</cusip>
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    <nameOfIssuer>MARATHON PETE CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>56585A102</cusip>
    <value>443</value>
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    <nameOfIssuer>MARINEMAX INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>567908108</cusip>
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    <nameOfIssuer>MARKEL CORP</nameOfIssuer>
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    <titleOfClass>COM</titleOfClass>
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    <titleOfClass>COM</titleOfClass>
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    <value>8217</value>
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    <titleOfClass>CL A</titleOfClass>
    <cusip>57636Q104</cusip>
    <value>361</value>
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      <sshPrnamt>89184</sshPrnamt>
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      <Sole>89184</Sole>
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    <nameOfIssuer>MAXIM INTEGRATED PRODS INC</nameOfIssuer>
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    <nameOfIssuer>MAXLINEAR INC</nameOfIssuer>
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    <cusip>57776J100</cusip>
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      <Sole>241795</Sole>
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      <None>0</None>
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    <nameOfIssuer>MBIA INC</nameOfIssuer>
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      <sshPrnamt>1540248</sshPrnamt>
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      <Sole>1540248</Sole>
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    <nameOfIssuer>MCBC HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>812</value>
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      <sshPrnamt>55680</sshPrnamt>
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      <Sole>55680</Sole>
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    <nameOfIssuer>MCDERMOTT INTL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>580037109</cusip>
    <value>544</value>
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      <sshPrnamt>73638</sshPrnamt>
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      <Sole>73638</Sole>
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    <nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
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      <None>0</None>
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    <nameOfIssuer>MCGRATH RENTCORP</nameOfIssuer>
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    <cusip>580589109</cusip>
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      <sshPrnamt>285971</sshPrnamt>
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    <nameOfIssuer>MCKESSON CORP</nameOfIssuer>
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    <cusip>58155Q103</cusip>
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      <sshPrnamt>704171</sshPrnamt>
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      <Sole>704171</Sole>
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    <value>589</value>
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    <nameOfIssuer>MDU RES GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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      <sshPrnamt>585919</sshPrnamt>
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    <nameOfIssuer>MECHEL PAO</nameOfIssuer>
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    <cusip>583840608</cusip>
    <value>82</value>
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      <Sole>14300</Sole>
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    <nameOfIssuer>MEDEQUITIES RLTY TR INC</nameOfIssuer>
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    <nameOfIssuer>MEDICAL PPTYS TRUST INC</nameOfIssuer>
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      <Sole>63200</Sole>
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    <nameOfIssuer>MEDICINES CO</nameOfIssuer>
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    <nameOfIssuer>MEDIFAST INC</nameOfIssuer>
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    <nameOfIssuer>MEDTRONIC PLC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G5960L103</cusip>
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    <nameOfIssuer>MERCANTILE BANK CORP</nameOfIssuer>
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    <cusip>587376104</cusip>
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      <Sole>84692</Sole>
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    <nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
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    <nameOfIssuer>MERIDIAN BIOSCIENCE INC</nameOfIssuer>
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    <nameOfIssuer>MERITOR INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>59001K100</cusip>
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      <Sole>229700</Sole>
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    <nameOfIssuer>METHODE ELECTRS INC</nameOfIssuer>
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    <nameOfIssuer>METTLER TOLEDO INTERNATIONAL</nameOfIssuer>
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    <cusip>592688105</cusip>
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    <nameOfIssuer>MGIC INVT CORP WIS</nameOfIssuer>
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    <nameOfIssuer>MICHAEL KORS HLDGS LTD</nameOfIssuer>
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    <cusip>G60754101</cusip>
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      <Sole>23400</Sole>
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    <nameOfIssuer>MICRON TECHNOLOGY INC</nameOfIssuer>
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    <cusip>595112103</cusip>
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    <nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
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    <cusip>594918104</cusip>
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    <nameOfIssuer>MICROSTRATEGY INC</nameOfIssuer>
    <titleOfClass>CL A NEW</titleOfClass>
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      <Sole>10300</Sole>
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  <infoTable>
    <nameOfIssuer>MID AMER APT CMNTYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>59522J103</cusip>
    <value>1244</value>
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      <Sole>12700</Sole>
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    <nameOfIssuer>MIDDLESEX WATER CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>596680108</cusip>
    <value>1796</value>
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      <Sole>41816</Sole>
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    <nameOfIssuer>MIDLAND STS BANCORP INC ILL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>597742105</cusip>
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      <Sole>132341</Sole>
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  <infoTable>
    <nameOfIssuer>MINERALS TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>603158106</cusip>
    <value>711</value>
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      <sshPrnamt>9200</sshPrnamt>
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      <Sole>9200</Sole>
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  <infoTable>
    <nameOfIssuer>MODINE MFG CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>607828100</cusip>
    <value>295</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>60855R100</cusip>
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    <nameOfIssuer>MOLSON COORS BREWING CO</nameOfIssuer>
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    <value>389</value>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>60877T100</cusip>
    <value>264</value>
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      <sshPrnamt>17544</sshPrnamt>
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      <Sole>17544</Sole>
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    <cusip>60879B107</cusip>
    <value>22758</value>
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    <nameOfIssuer>MONARCH CASINO &amp; RESORT INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>609027107</cusip>
    <value>699</value>
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    <cusip>60935Y208</cusip>
    <value>5517</value>
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      <sshPrnamt>467113</sshPrnamt>
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      <Sole>467113</Sole>
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    <value>221</value>
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      <Sole>2700</Sole>
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      <None>0</None>
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    <nameOfIssuer>MONOTYPE IMAGING HOLDINGS IN</nameOfIssuer>
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    <cusip>61022P100</cusip>
    <value>1270</value>
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      <sshPrnamt>63980</sshPrnamt>
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      <Sole>63980</Sole>
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      <None>0</None>
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    <nameOfIssuer>MORGAN STANLEY</nameOfIssuer>
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    <cusip>617446448</cusip>
    <value>106316</value>
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      <sshPrnamt>2516360</sshPrnamt>
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      <Sole>2516360</Sole>
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      <None>0</None>
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    <nameOfIssuer>MOTOROLA SOLUTIONS INC</nameOfIssuer>
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    <value>1359</value>
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      <sshPrnamt>16400</sshPrnamt>
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      <Sole>16400</Sole>
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      <None>0</None>
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    <nameOfIssuer>MOVADO GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>624580106</cusip>
    <value>1662</value>
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      <sshPrnamt>57800</sshPrnamt>
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    <votingAuthority>
      <Sole>57800</Sole>
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      <None>0</None>
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    <nameOfIssuer>MSG NETWORK INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>553573106</cusip>
    <value>1213</value>
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      <sshPrnamt>56400</sshPrnamt>
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      <Sole>56400</Sole>
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      <None>0</None>
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    <nameOfIssuer>MUELLER WTR PRODS INC</nameOfIssuer>
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    <cusip>624758108</cusip>
    <value>1447</value>
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      <None>0</None>
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    <nameOfIssuer>MURPHY OIL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>626717102</cusip>
    <value>2715</value>
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      <sshPrnamt>87200</sshPrnamt>
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    <votingAuthority>
      <Sole>87200</Sole>
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      <None>0</None>
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    <nameOfIssuer>MYR GROUP INC DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55405W104</cusip>
    <value>16765</value>
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      <sshPrnamt>444927</sshPrnamt>
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      <Sole>444927</Sole>
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    <nameOfIssuer>MYRIAD GENETICS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>62855J104</cusip>
    <value>1582</value>
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      <sshPrnamt>94900</sshPrnamt>
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      <Sole>94900</Sole>
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      <None>0</None>
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    <nameOfIssuer>NABORS INDUSTRIES LTD</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G6359F103</cusip>
    <value>10847</value>
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      <sshPrnamt>661400</sshPrnamt>
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      <Sole>661400</Sole>
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      <None>0</None>
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    <nameOfIssuer>NANOSTRING TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>63009R109</cusip>
    <value>1970</value>
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      <sshPrnamt>88356</sshPrnamt>
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      <None>0</None>
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    <nameOfIssuer>NATIONAL BK HLDGS CORP</nameOfIssuer>
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    <cusip>633707104</cusip>
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      <Sole>106400</Sole>
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      <None>0</None>
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    <nameOfIssuer>NATIONAL WESTN LIFE GROUP IN</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>638517102</cusip>
    <value>255</value>
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      <sshPrnamt>820</sshPrnamt>
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      <Sole>820</Sole>
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      <None>0</None>
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    <nameOfIssuer>NATURAL GROCERS BY VITAMIN C</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>63888U108</cusip>
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    <nameOfIssuer>NATUS MEDICAL INC DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>639050103</cusip>
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    <titleOfClass>COM</titleOfClass>
    <cusip>63938C108</cusip>
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      <sshPrnamt>180100</sshPrnamt>
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    <nameOfIssuer>NAVIOS MARITIME ACQUIS CORP</nameOfIssuer>
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    <cusip>Y62159101</cusip>
    <value>53</value>
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    <nameOfIssuer>NAVISTAR INTL CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>63934E108</cusip>
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    <titleOfClass>COM NEW</titleOfClass>
    <cusip>628852204</cusip>
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    <nameOfIssuer>NCR CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>62886E108</cusip>
    <value>3212</value>
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      <Sole>79200</Sole>
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    <nameOfIssuer>NEFF CORP</nameOfIssuer>
    <titleOfClass>COM CL A</titleOfClass>
    <cusip>640094207</cusip>
    <value>909</value>
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      <sshPrnamt>64478</sshPrnamt>
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      <Sole>64478</Sole>
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    <nameOfIssuer>NEKTAR THERAPEUTICS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>640268108</cusip>
    <value>1014</value>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <None>0</None>
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    <nameOfIssuer>NELNET INC</nameOfIssuer>
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    <cusip>64031N108</cusip>
    <value>10797</value>
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    <nameOfIssuer>NETAPP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>64110D104</cusip>
    <value>79693</value>
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    <nameOfIssuer>NETEASE INC</nameOfIssuer>
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    <cusip>64110W102</cusip>
    <value>27724</value>
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    <nameOfIssuer>NETGEAR INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>64111Q104</cusip>
    <value>16896</value>
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      <Sole>310879</Sole>
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      <None>0</None>
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    <nameOfIssuer>NEW ORIENTAL ED &amp; TECH GRP I</nameOfIssuer>
    <titleOfClass>SPON ADR</titleOfClass>
    <cusip>647581107</cusip>
    <value>18048</value>
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      <sshPrnamt>428700</sshPrnamt>
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      <None>0</None>
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    <nameOfIssuer>NEWMONT MINING CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>651639106</cusip>
    <value>1319</value>
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      <sshPrnamt>38700</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>38700</Sole>
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      <None>0</None>
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    <nameOfIssuer>NEWS CORP NEW</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>65249B109</cusip>
    <value>1854</value>
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      <sshPrnamt>161760</sshPrnamt>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>NEWS CORP NEW</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>65249B208</cusip>
    <value>557</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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      <Sole>47200</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>NEWSTAR FINANCIAL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>65251F105</cusip>
    <value>357</value>
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      <sshPrnamt>38600</sshPrnamt>
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    <votingAuthority>
      <Sole>38600</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>NEXPOINT RESIDENTIAL TR INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>65341D102</cusip>
    <value>2562</value>
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      <sshPrnamt>114700</sshPrnamt>
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  <infoTable>
    <nameOfIssuer>NEXSTAR BROADCASTING GROUP I</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>65336K103</cusip>
    <value>1190</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>62914B100</cusip>
    <value>3088</value>
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      <sshPrnamt>129200</sshPrnamt>
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      <Sole>129200</Sole>
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      <None>0</None>
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    <titleOfClass>COM NEW</titleOfClass>
    <cusip>65373J209</cusip>
    <value>340</value>
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      <sshPrnamt>28589</sshPrnamt>
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    <votingAuthority>
      <Sole>28589</Sole>
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      <None>0</None>
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    <nameOfIssuer>NOBLE CORP PLC</nameOfIssuer>
    <titleOfClass>SHS USD</titleOfClass>
    <cusip>G65431101</cusip>
    <value>883</value>
    <shrsOrPrnAmt>
      <sshPrnamt>149135</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>149135</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>655664100</cusip>
    <value>6690</value>
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      <sshPrnamt>139583</sshPrnamt>
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      <Sole>139583</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>655844108</cusip>
    <value>292</value>
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      <sshPrnamt>2700</sshPrnamt>
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      <Sole>2700</Sole>
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      <None>0</None>
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    <nameOfIssuer>NORTHEAST BANCORP</nameOfIssuer>
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    <cusip>663904209</cusip>
    <value>538</value>
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      <sshPrnamt>41080</sshPrnamt>
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    <votingAuthority>
      <Sole>41080</Sole>
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      <None>0</None>
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    <nameOfIssuer>NORTHFIELD BANCORP INC DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>66611T108</cusip>
    <value>234</value>
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      <sshPrnamt>11700</sshPrnamt>
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    <votingAuthority>
      <Sole>11700</Sole>
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      <None>0</None>
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    <cusip>666762109</cusip>
    <value>3278</value>
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      <sshPrnamt>103720</sshPrnamt>
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      <Sole>103720</Sole>
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      <None>0</None>
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    <nameOfIssuer>NORTHROP GRUMMAN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>666807102</cusip>
    <value>35189</value>
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      <sshPrnamt>151300</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>151300</Sole>
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      <None>0</None>
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    <nameOfIssuer>NORTHWEST NAT GAS CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>667655104</cusip>
    <value>6796</value>
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      <sshPrnamt>113642</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>113642</Sole>
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      <None>0</None>
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    <nameOfIssuer>NUANCE COMMUNICATIONS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67020Y100</cusip>
    <value>40310</value>
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      <sshPrnamt>2705339</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>2705339</Sole>
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      <None>0</None>
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    <nameOfIssuer>NUVECTRA CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67075N108</cusip>
    <value>1250</value>
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      <sshPrnamt>248461</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>248461</Sole>
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    <nameOfIssuer>OASIS PETE INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>674215108</cusip>
    <value>5196</value>
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      <sshPrnamt>343200</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>343200</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>674599105</cusip>
    <value>1325</value>
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      <sshPrnamt>18600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>18600</Sole>
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      <None>0</None>
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    <nameOfIssuer>OCWEN FINL CORP</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>675746309</cusip>
    <value>1221</value>
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      <sshPrnamt>226500</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>226500</Sole>
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      <None>0</None>
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    <nameOfIssuer>OFFICE DEPOT INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>676220106</cusip>
    <value>17792</value>
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      <sshPrnamt>3936300</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>3936300</Sole>
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      <None>0</None>
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    <nameOfIssuer>OFG BANCORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>67103X102</cusip>
    <value>16001</value>
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      <sshPrnamt>1221474</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1221474</Sole>
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      <None>0</None>
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    <nameOfIssuer>OLYMPIC STEEL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68162K106</cusip>
    <value>8793</value>
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      <sshPrnamt>362896</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>362896</Sole>
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      <None>0</None>
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    <nameOfIssuer>OM ASSET MGMT PLC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G67506108</cusip>
    <value>754</value>
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      <sshPrnamt>52000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>52000</Sole>
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      <None>0</None>
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    <nameOfIssuer>OMEGA HEALTHCARE INVS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>681936100</cusip>
    <value>747</value>
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      <sshPrnamt>23900</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>23900</Sole>
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      <None>0</None>
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    <nameOfIssuer>OMEGA PROTEIN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68210P107</cusip>
    <value>28124</value>
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    <titleOfClass>COM</titleOfClass>
    <cusip>682129101</cusip>
    <value>6834</value>
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      <sshPrnamt>683438</sshPrnamt>
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    <titleOfClass>COM</titleOfClass>
    <cusip>68235P108</cusip>
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      <sshPrnamt>78200</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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    <nameOfIssuer>ONEOK INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>682680103</cusip>
    <value>1625</value>
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      <None>0</None>
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    <nameOfIssuer>OPHTHOTECH CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>683745103</cusip>
    <value>1252</value>
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      <sshPrnamt>259138</sshPrnamt>
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      <Sole>259138</Sole>
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      <None>0</None>
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    <nameOfIssuer>ORACLE CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68389X105</cusip>
    <value>25315</value>
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      <Sole>658400</Sole>
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      <None>0</None>
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    <nameOfIssuer>ORASURE TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68554V108</cusip>
    <value>1581</value>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>180100</Sole>
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      <None>0</None>
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    <nameOfIssuer>ORION ENGINEERED CARBONS S A</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>L72967109</cusip>
    <value>1467</value>
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      <Sole>77840</Sole>
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    <nameOfIssuer>ORMAT TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>686688102</cusip>
    <value>8255</value>
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    <nameOfIssuer>ORTHOFIX INTL N V</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>N6748L102</cusip>
    <value>24111</value>
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      <None>0</None>
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    <nameOfIssuer>OSHKOSH CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>688239201</cusip>
    <value>9627</value>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>149000</Sole>
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      <None>0</None>
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    <nameOfIssuer>OVERSEAS SHIPHOLDING GROUP I</nameOfIssuer>
    <titleOfClass>CL A NEW</titleOfClass>
    <cusip>69036R863</cusip>
    <value>4200</value>
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      <None>0</None>
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    <nameOfIssuer>OWENS CORNING NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>690742101</cusip>
    <value>768</value>
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      <None>0</None>
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    <nameOfIssuer>OWENS ILL INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>690768403</cusip>
    <value>3005</value>
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      <Sole>172600</Sole>
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      <None>0</None>
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    <nameOfIssuer>PACIFIC ETHANOL INC</nameOfIssuer>
    <titleOfClass>COM PAR $.001</titleOfClass>
    <cusip>69423U305</cusip>
    <value>656</value>
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      <Sole>69100</Sole>
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    <nameOfIssuer>PACIRA PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>695127100</cusip>
    <value>239</value>
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      <sshPrnamt>7400</sshPrnamt>
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      <Sole>7400</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>PACKAGING CORP AMER</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>695156109</cusip>
    <value>1866</value>
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      <None>0</None>
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    <nameOfIssuer>PARKER HANNIFIN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>701094104</cusip>
    <value>2240</value>
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    <votingAuthority>
      <Sole>16000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>PARSLEY ENERGY INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>701877102</cusip>
    <value>261</value>
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      <sshPrnamt>7400</sshPrnamt>
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      <Sole>7400</Sole>
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    <nameOfIssuer>PATRICK INDS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>703343103</cusip>
    <value>1710</value>
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    <nameOfIssuer>QUEST DIAGNOSTICS INC</nameOfIssuer>
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    <nameOfIssuer>QUINTILES IMS HOLDINGS INC</nameOfIssuer>
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    <nameOfIssuer>RADIAN GROUP INC</nameOfIssuer>
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    <nameOfIssuer>RAMCO-GERSHENSON PPTYS TR</nameOfIssuer>
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    <nameOfIssuer>RANGE RES CORP</nameOfIssuer>
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    <nameOfIssuer>RAYTHEON CO</nameOfIssuer>
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    <nameOfIssuer>RCI HOSPITALITY HLDGS INC</nameOfIssuer>
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    <nameOfIssuer>RED ROBIN GOURMET BURGERS IN</nameOfIssuer>
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    <nameOfIssuer>REGIONS FINL CORP NEW</nameOfIssuer>
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    <nameOfIssuer>RELIANCE STEEL &amp; ALUMINUM CO</nameOfIssuer>
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    <nameOfIssuer>REPUBLIC BANCORP KY</nameOfIssuer>
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    <nameOfIssuer>RETAILMENOT INC</nameOfIssuer>
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    <nameOfIssuer>REX AMERICAN RESOURCES CORP</nameOfIssuer>
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    <nameOfIssuer>RICE ENERGY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>762760106</cusip>
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    <nameOfIssuer>ROBERT HALF INTL INC</nameOfIssuer>
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    <cusip>770323103</cusip>
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    <nameOfIssuer>ROCKWELL COLLINS INC</nameOfIssuer>
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    <nameOfIssuer>ROCKY BRANDS INC</nameOfIssuer>
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    <nameOfIssuer>ROGERS COMMUNICATIONS INC</nameOfIssuer>
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    <cusip>775109200</cusip>
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    <nameOfIssuer>ROGERS CORP</nameOfIssuer>
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    <cusip>775133101</cusip>
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    <nameOfIssuer>ROPER TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>776696106</cusip>
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      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ROSS STORES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>778296103</cusip>
    <value>37855</value>
    <shrsOrPrnAmt>
      <sshPrnamt>577065</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>577065</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ROWAN COMPANIES PLC</nameOfIssuer>
    <titleOfClass>SHS CL A</titleOfClass>
    <cusip>G7665A101</cusip>
    <value>7049</value>
    <shrsOrPrnAmt>
      <sshPrnamt>373149</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>373149</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ROYAL BK CDA MONTREAL QUE</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>780087102</cusip>
    <value>1891</value>
    <shrsOrPrnAmt>
      <sshPrnamt>27900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>27900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RPX CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74972G103</cusip>
    <value>217</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20089</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>20089</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RUBICON PROJ INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78112V102</cusip>
    <value>14434</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1945241</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1945241</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RUBY TUESDAY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>781182100</cusip>
    <value>296</value>
    <shrsOrPrnAmt>
      <sshPrnamt>91700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>91700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RUSH ENTERPRISES INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>781846209</cusip>
    <value>1411</value>
    <shrsOrPrnAmt>
      <sshPrnamt>44239</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>44239</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RUTHS HOSPITALITY GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>783332109</cusip>
    <value>9382</value>
    <shrsOrPrnAmt>
      <sshPrnamt>512698</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>512698</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RYERSON HLDG CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>783754104</cusip>
    <value>2222</value>
    <shrsOrPrnAmt>
      <sshPrnamt>166450</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>166450</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>RYMAN HOSPITALITY PPTYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>78377T107</cusip>
    <value>2111</value>
    <shrsOrPrnAmt>
      <sshPrnamt>33500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>33500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SANCHEZ ENERGY CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>79970Y105</cusip>
    <value>442</value>
    <shrsOrPrnAmt>
      <sshPrnamt>48900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>48900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SANDERSON FARMS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>800013104</cusip>
    <value>26168</value>
    <shrsOrPrnAmt>
      <sshPrnamt>277674</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>277674</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SANDY SPRING BANCORP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>800363103</cusip>
    <value>6806</value>
    <shrsOrPrnAmt>
      <sshPrnamt>170187</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>170187</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SANMINA CORPORATION</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>801056102</cusip>
    <value>19732</value>
    <shrsOrPrnAmt>
      <sshPrnamt>538394</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>538394</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SANTANDER CONSUMER USA HDG I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>80283M101</cusip>
    <value>1277</value>
    <shrsOrPrnAmt>
      <sshPrnamt>94600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>94600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SAREPTA THERAPEUTICS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>803607100</cusip>
    <value>557</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>20300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SCANSOURCE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>806037107</cusip>
    <value>1691</value>
    <shrsOrPrnAmt>
      <sshPrnamt>41900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>41900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SCHNITZER STL INDS</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>806882106</cusip>
    <value>6177</value>
    <shrsOrPrnAmt>
      <sshPrnamt>240342</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>240342</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SCHULMAN A INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>808194104</cusip>
    <value>669</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>20000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SCHWEITZER-MAUDUIT INTL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>808541106</cusip>
    <value>1498</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>32900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SCICLONE PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>80862K104</cusip>
    <value>10073</value>
    <shrsOrPrnAmt>
      <sshPrnamt>932697</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>932697</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SCIENCE APPLICATNS INTL CP N</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>808625107</cusip>
    <value>1900</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>22400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SCORPIO TANKERS INC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>Y7542C106</cusip>
    <value>13148</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2902400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2902400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SEADRILL LIMITED</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G7945E105</cusip>
    <value>92</value>
    <shrsOrPrnAmt>
      <sshPrnamt>26605</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>26605</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SELECT INCOME REIT</nameOfIssuer>
    <titleOfClass>COM SH BEN INT</titleOfClass>
    <cusip>81618T100</cusip>
    <value>28659</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1137247</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1137247</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
    <titleOfClass>SBI INT-ENERGY</titleOfClass>
    <cusip>81369Y506</cusip>
    <value>1183</value>
    <shrsOrPrnAmt>
      <sshPrnamt>15700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>15700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
    <titleOfClass>SBI INT-FINL</titleOfClass>
    <cusip>81369Y605</cusip>
    <value>3699</value>
    <shrsOrPrnAmt>
      <sshPrnamt>159100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>159100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
    <titleOfClass>SBI INT-INDS</titleOfClass>
    <cusip>81369Y704</cusip>
    <value>8991</value>
    <shrsOrPrnAmt>
      <sshPrnamt>144500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>144500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
    <titleOfClass>TECHNOLOGY</titleOfClass>
    <cusip>81369Y803</cusip>
    <value>1103</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>22800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SEMTECH CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>816850101</cusip>
    <value>5526</value>
    <shrsOrPrnAmt>
      <sshPrnamt>175159</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>175159</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SENECA FOODS CORP NEW</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>817070501</cusip>
    <value>2228</value>
    <shrsOrPrnAmt>
      <sshPrnamt>55630</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>55630</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SENIOR HSG PPTYS TR</nameOfIssuer>
    <titleOfClass>SH BEN INT</titleOfClass>
    <cusip>81721M109</cusip>
    <value>13259</value>
    <shrsOrPrnAmt>
      <sshPrnamt>700400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>700400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SHAKE SHACK INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>819047101</cusip>
    <value>1155</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32268</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>32268</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SHAW COMMUNICATIONS INC</nameOfIssuer>
    <titleOfClass>CL B CONV</titleOfClass>
    <cusip>82028K200</cusip>
    <value>1599</value>
    <shrsOrPrnAmt>
      <sshPrnamt>79600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>79600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SHIP FINANCE INTERNATIONAL L</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G81075106</cusip>
    <value>3194</value>
    <shrsOrPrnAmt>
      <sshPrnamt>215100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>215100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SHORETEL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>825211105</cusip>
    <value>469</value>
    <shrsOrPrnAmt>
      <sshPrnamt>65600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>65600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SIERRA BANCORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>82620P102</cusip>
    <value>6259</value>
    <shrsOrPrnAmt>
      <sshPrnamt>235399</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>235399</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SILVER BAY RLTY TR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>82735Q102</cusip>
    <value>1371</value>
    <shrsOrPrnAmt>
      <sshPrnamt>80000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>80000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SIMON PPTY GROUP INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>828806109</cusip>
    <value>67573</value>
    <shrsOrPrnAmt>
      <sshPrnamt>380330</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>380330</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SJW GROUP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>784305104</cusip>
    <value>1260</value>
    <shrsOrPrnAmt>
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    <titleOfClass>COM</titleOfClass>
    <cusip>78440X101</cusip>
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      <sshPrnamt>89600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>89600</Sole>
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      <None>0</None>
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    <nameOfIssuer>SMITH &amp; WESSON HLDG CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>831756101</cusip>
    <value>4894</value>
    <shrsOrPrnAmt>
      <sshPrnamt>232148</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>232148</Sole>
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      <None>0</None>
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    <nameOfIssuer>SMUCKER J M CO</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>832696405</cusip>
    <value>858</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6700</sshPrnamt>
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    <votingAuthority>
      <Sole>6700</Sole>
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      <None>0</None>
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    <nameOfIssuer>SOLAR CAP LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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      <sshPrnamt>88220</sshPrnamt>
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      <Sole>88220</Sole>
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      <None>0</None>
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    <nameOfIssuer>SOUTH JERSEY INDS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>838518108</cusip>
    <value>209</value>
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      <sshPrnamt>6200</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>6200</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>842587107</cusip>
    <value>1697</value>
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      <sshPrnamt>34500</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>34500</Sole>
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      <None>0</None>
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    <nameOfIssuer>SOUTHWEST GAS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>844895102</cusip>
    <value>9654</value>
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      <sshPrnamt>126000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>126000</Sole>
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      <None>0</None>
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    <cusip>846511103</cusip>
    <value>2219</value>
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      <sshPrnamt>73237</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>73237</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPARTANNASH CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>847215100</cusip>
    <value>4164</value>
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      <sshPrnamt>105320</sshPrnamt>
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      <Sole>105320</Sole>
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      <None>0</None>
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    <cusip>847235108</cusip>
    <value>985</value>
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      <sshPrnamt>41300</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>41300</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
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    <cusip>78462F103</cusip>
    <value>648</value>
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      <sshPrnamt>2900</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2900</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
    <titleOfClass>BLOOMBERG BRCLYS</titleOfClass>
    <cusip>78464A417</cusip>
    <value>361</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>9900</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPECTRANETICS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>84760C107</cusip>
    <value>260</value>
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      <sshPrnamt>10600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>10600</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPECTRUM BRANDS HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>84763R101</cusip>
    <value>306</value>
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      <sshPrnamt>2500</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2500</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPECTRUM PHARMACEUTICALS INC</nameOfIssuer>
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    <cusip>84763A108</cusip>
    <value>532</value>
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      <sshPrnamt>120000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>120000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPIRIT AEROSYSTEMS HLDGS INC</nameOfIssuer>
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    <cusip>848574109</cusip>
    <value>111076</value>
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      <sshPrnamt>1903613</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>1903613</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPIRIT RLTY CAP INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>84860W102</cusip>
    <value>645</value>
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      <sshPrnamt>59400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>59400</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPLUNK INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>848637104</cusip>
    <value>312</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>6100</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPOK HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>84863T106</cusip>
    <value>10263</value>
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      <sshPrnamt>494620</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>494620</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SPRINT CORP</nameOfIssuer>
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    <cusip>85207U105</cusip>
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      <sshPrnamt>135900</sshPrnamt>
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      <Sole>135900</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPROUTS FMRS MKT INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>85208M102</cusip>
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      <sshPrnamt>14800</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>14800</Sole>
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      <None>0</None>
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    <nameOfIssuer>SS&amp;C TECHNOLOGIES HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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      <sshPrnamt>31000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>31000</Sole>
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    <nameOfIssuer>STANLEY BLACK &amp; DECKER INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>854502101</cusip>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>35316</Sole>
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    <nameOfIssuer>STAPLES INC</nameOfIssuer>
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    <cusip>855030102</cusip>
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      <sshPrnamt>562800</sshPrnamt>
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      <Sole>562800</Sole>
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    <cusip>857477103</cusip>
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      <Sole>396600</Sole>
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      <None>0</None>
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    <nameOfIssuer>STEEL DYNAMICS INC</nameOfIssuer>
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      <sshPrnamt>765422</sshPrnamt>
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      <Sole>765422</Sole>
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      <None>0</None>
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    <nameOfIssuer>STERLING CONSTRUCTION CO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>859241101</cusip>
    <value>529</value>
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      <sshPrnamt>62498</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>62498</Sole>
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      <None>0</None>
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    <nameOfIssuer>STONERIDGE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>86183P102</cusip>
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      <sshPrnamt>1078051</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>1078051</Sole>
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      <None>0</None>
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    <nameOfIssuer>STORE CAP CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>862121100</cusip>
    <value>2071</value>
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      <sshPrnamt>83800</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>83800</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>863236105</cusip>
    <value>366</value>
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      <sshPrnamt>4541</sshPrnamt>
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      <Sole>4541</Sole>
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      <None>0</None>
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    <nameOfIssuer>STRYKER CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>863667101</cusip>
    <value>216</value>
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      <sshPrnamt>1800</sshPrnamt>
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      <Sole>1800</Sole>
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      <None>0</None>
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    <nameOfIssuer>SUCAMPO PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
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    <value>7074</value>
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    <votingAuthority>
      <Sole>522100</Sole>
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      <None>0</None>
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    <nameOfIssuer>SUMMIT HOTEL PPTYS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>866082100</cusip>
    <value>10551</value>
    <shrsOrPrnAmt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>658187</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SUN LIFE FINL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>866796105</cusip>
    <value>646</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16800</sshPrnamt>
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    <votingAuthority>
      <Sole>16800</Sole>
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      <None>0</None>
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    <nameOfIssuer>SUNCOKE ENERGY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>86722A103</cusip>
    <value>5903</value>
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      <sshPrnamt>520569</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>520569</Sole>
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      <None>0</None>
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    <nameOfIssuer>SUNTRUST BKS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>867914103</cusip>
    <value>20011</value>
    <shrsOrPrnAmt>
      <sshPrnamt>364840</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>364840</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>SUPER MICRO COMPUTER INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>86800U104</cusip>
    <value>1105</value>
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      <sshPrnamt>39400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>39400</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>SUPERNUS PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>868459108</cusip>
    <value>624</value>
    <shrsOrPrnAmt>
      <sshPrnamt>24700</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>24700</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SUPERVALU INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>868536103</cusip>
    <value>3165</value>
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      <sshPrnamt>677700</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>677700</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SUPREME INDS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>868607102</cusip>
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    <value>5864</value>
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      <Sole>230858</Sole>
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      <Sole>42700</Sole>
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      <None>0</None>
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    <nameOfIssuer>SYMANTEC CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>871503108</cusip>
    <value>2571</value>
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      <sshPrnamt>107600</sshPrnamt>
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    <cusip>87157D109</cusip>
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    <nameOfIssuer>SYNCHRONOSS TECHNOLOGIES INC</nameOfIssuer>
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    <cusip>87157B103</cusip>
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    <nameOfIssuer>SYNCHRONY FINL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>41048</value>
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      <sshPrnamt>697377</sshPrnamt>
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      <Sole>697377</Sole>
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      <None>0</None>
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    <nameOfIssuer>SYSCO CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>871829107</cusip>
    <value>1229</value>
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      <sshPrnamt>22200</sshPrnamt>
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      <Sole>22200</Sole>
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      <None>0</None>
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    <nameOfIssuer>T MOBILE US INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>872590104</cusip>
    <value>247</value>
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      <sshPrnamt>4300</sshPrnamt>
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      <Sole>4300</Sole>
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      <None>0</None>
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    <nameOfIssuer>TAIWAN SEMICONDUCTOR MFG LTD</nameOfIssuer>
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    <cusip>874039100</cusip>
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      <sshPrnamt>4731938</sshPrnamt>
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      <Sole>4731938</Sole>
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    <nameOfIssuer>TARGA RES CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87612G101</cusip>
    <value>275</value>
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      <sshPrnamt>4900</sshPrnamt>
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      <Sole>4900</Sole>
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      <None>0</None>
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    <nameOfIssuer>TARGET CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87612E106</cusip>
    <value>9339</value>
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    <nameOfIssuer>TASER INTL INC</nameOfIssuer>
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    <cusip>87651B104</cusip>
    <value>468</value>
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    <nameOfIssuer>TATA MTRS LTD</nameOfIssuer>
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    <cusip>876568502</cusip>
    <value>19454</value>
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      <sshPrnamt>565700</sshPrnamt>
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      <Sole>565700</Sole>
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      <None>0</None>
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    <nameOfIssuer>TAUBMAN CTRS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>876664103</cusip>
    <value>11489</value>
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      <sshPrnamt>155400</sshPrnamt>
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      <Sole>155400</Sole>
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      <None>0</None>
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    <nameOfIssuer>TAYLOR MORRISON HOME CORP</nameOfIssuer>
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    <cusip>87724P106</cusip>
    <value>778</value>
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      <Sole>40400</Sole>
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      <None>0</None>
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    <nameOfIssuer>TCF FINL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>872275102</cusip>
    <value>18838</value>
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      <sshPrnamt>961600</sshPrnamt>
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      <Sole>961600</Sole>
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      <None>0</None>
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    <nameOfIssuer>TD AMERITRADE HLDG CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87236Y108</cusip>
    <value>205</value>
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      <sshPrnamt>4700</sshPrnamt>
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    <votingAuthority>
      <Sole>4700</Sole>
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      <None>0</None>
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    <nameOfIssuer>TECH DATA CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>878237106</cusip>
    <value>10331</value>
    <shrsOrPrnAmt>
      <sshPrnamt>122000</sshPrnamt>
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    <votingAuthority>
      <Sole>122000</Sole>
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      <None>0</None>
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    <nameOfIssuer>TEEKAY CORPORATION</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>Y8564W103</cusip>
    <value>2288</value>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>284900</Sole>
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      <None>0</None>
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    <nameOfIssuer>TEGNA INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87901J105</cusip>
    <value>787</value>
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    <investmentDiscretion>DFND</investmentDiscretion>
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    <nameOfIssuer>TELEFLEX INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>879369106</cusip>
    <value>3255</value>
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      <Sole>20200</Sole>
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    <nameOfIssuer>TELEFONICA BRASIL SA</nameOfIssuer>
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    <cusip>87936R106</cusip>
    <value>4918</value>
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    <nameOfIssuer>TELEPHONE &amp; DATA SYS INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
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    <nameOfIssuer>TELUS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87971M103</cusip>
    <value>2949</value>
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      <Sole>92500</Sole>
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      <None>0</None>
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    <nameOfIssuer>TENNECO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>880349105</cusip>
    <value>2880</value>
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      <sshPrnamt>46100</sshPrnamt>
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    <votingAuthority>
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    <nameOfIssuer>TERADYNE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>880770102</cusip>
    <value>5484</value>
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      <Sole>215900</Sole>
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    <nameOfIssuer>TEREX CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>880779103</cusip>
    <value>646</value>
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      <Sole>20500</Sole>
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      <None>0</None>
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    <nameOfIssuer>TERRAFORM GLOBAL INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>88104M101</cusip>
    <value>422</value>
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      <sshPrnamt>106900</sshPrnamt>
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      <Sole>106900</Sole>
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    <nameOfIssuer>TERRITORIAL BANCORP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88145X108</cusip>
    <value>5295</value>
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      <Sole>161244</Sole>
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      <None>0</None>
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    <nameOfIssuer>TESCO CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88157K101</cusip>
    <value>799</value>
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      <sshPrnamt>96800</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>96800</Sole>
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      <None>0</None>
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    <nameOfIssuer>TESORO CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>881609101</cusip>
    <value>551</value>
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      <sshPrnamt>6300</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>6300</Sole>
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      <None>0</None>
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    <nameOfIssuer>TESSERA HLDG CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88166T101</cusip>
    <value>309</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>7000</Sole>
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      <None>0</None>
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    <nameOfIssuer>TETRAPHASE PHARMACEUTICALS I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88165N105</cusip>
    <value>729</value>
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      <Sole>180875</Sole>
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      <None>0</None>
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    <nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>882508104</cusip>
    <value>219</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
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      <Sole>3000</Sole>
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      <None>0</None>
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    <nameOfIssuer>TEXTRON INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>883203101</cusip>
    <value>379</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7800</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>7800</Sole>
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      <None>0</None>
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    <nameOfIssuer>THERMO FISHER SCIENTIFIC INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>883556102</cusip>
    <value>508</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3600</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>THOMSON REUTERS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>884903105</cusip>
    <value>416</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>9500</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>THOR INDS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>885160101</cusip>
    <value>1971</value>
    <shrsOrPrnAmt>
      <sshPrnamt>19700</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>19700</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>TIER REIT INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>88650V208</cusip>
    <value>616</value>
    <shrsOrPrnAmt>
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    <votingAuthority>
      <Sole>35400</Sole>
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      <None>0</None>
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    <nameOfIssuer>TILE SHOP HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88677Q109</cusip>
    <value>3271</value>
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      <sshPrnamt>167300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>167300</Sole>
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      <None>0</None>
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    <nameOfIssuer>TILLYS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>886885102</cusip>
    <value>1768</value>
    <shrsOrPrnAmt>
      <sshPrnamt>134078</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>134078</Sole>
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      <None>0</None>
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    <nameOfIssuer>TITAN INTL INC ILL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88830M102</cusip>
    <value>402</value>
    <shrsOrPrnAmt>
      <sshPrnamt>35858</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>35858</Sole>
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      <None>0</None>
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    <nameOfIssuer>TITAN PHARMACEUTICALS INC DE</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>888314309</cusip>
    <value>48</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12000</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>12000</Sole>
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      <None>0</None>
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    <nameOfIssuer>TJX COS INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>872540109</cusip>
    <value>13328</value>
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      <sshPrnamt>177400</sshPrnamt>
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    <votingAuthority>
      <Sole>177400</Sole>
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      <None>0</None>
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    <nameOfIssuer>TOLL BROTHERS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>889478103</cusip>
    <value>226</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7300</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>7300</Sole>
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      <None>0</None>
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    <nameOfIssuer>TORO CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>891092108</cusip>
    <value>358</value>
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      <sshPrnamt>6400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>6400</Sole>
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      <None>0</None>
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    <nameOfIssuer>TORONTO DOMINION BK ONT</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>891160509</cusip>
    <value>1931</value>
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      <sshPrnamt>39100</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>39100</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>TOTAL SYS SVCS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>891906109</cusip>
    <value>3653</value>
    <shrsOrPrnAmt>
      <sshPrnamt>74500</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>74500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>TOWER INTL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>891826109</cusip>
    <value>987</value>
    <shrsOrPrnAmt>
      <sshPrnamt>34814</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>34814</Sole>
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      <None>0</None>
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    <nameOfIssuer>TOWNSQUARE MEDIA INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>892231101</cusip>
    <value>1152</value>
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      <sshPrnamt>110658</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>110658</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRANSDIGM GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>893641100</cusip>
    <value>762</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3060</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>3060</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRANSGLOBE ENERGY CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>893662106</cusip>
    <value>321</value>
    <shrsOrPrnAmt>
      <sshPrnamt>189910</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>189910</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRANSOCEAN LTD</nameOfIssuer>
    <titleOfClass>REG SHS</titleOfClass>
    <cusip>H8817H100</cusip>
    <value>16687</value>
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      <sshPrnamt>1132100</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1132100</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRAVELERS COMPANIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89417E109</cusip>
    <value>4689</value>
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      <sshPrnamt>38300</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>38300</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRAVELPORT WORLDWIDE LTD</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G9019D104</cusip>
    <value>5534</value>
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      <sshPrnamt>392500</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>392500</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>TREEHOUSE FOODS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89469A104</cusip>
    <value>1848</value>
    <shrsOrPrnAmt>
      <sshPrnamt>25600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>25600</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>TREVENA INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89532E109</cusip>
    <value>640</value>
    <shrsOrPrnAmt>
      <sshPrnamt>108900</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>108900</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>TREX CO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89531P105</cusip>
    <value>618</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>9600</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>TRICO BANCSHARES</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>896095106</cusip>
    <value>834</value>
    <shrsOrPrnAmt>
      <sshPrnamt>24399</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>24399</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRINSEO S A</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>L9340P101</cusip>
    <value>39051</value>
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      <sshPrnamt>658539</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>658539</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRONOX LTD</nameOfIssuer>
    <titleOfClass>SHS CL A</titleOfClass>
    <cusip>Q9235V101</cusip>
    <value>158</value>
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      <sshPrnamt>15300</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>15300</Sole>
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      <None>0</None>
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    <nameOfIssuer>TRUEBLUE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89785X101</cusip>
    <value>1358</value>
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      <sshPrnamt>55081</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>55081</Sole>
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      <None>0</None>
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    <nameOfIssuer>TTM TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87305R109</cusip>
    <value>19836</value>
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      <sshPrnamt>1455350</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1455350</Sole>
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      <None>0</None>
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    <nameOfIssuer>TUCOWS INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>898697206</cusip>
    <value>1100</value>
    <shrsOrPrnAmt>
      <sshPrnamt>31200</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>31200</Sole>
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      <None>0</None>
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    <nameOfIssuer>TUESDAY MORNING CORP</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>899035505</cusip>
    <value>2152</value>
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      <sshPrnamt>398475</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>398475</Sole>
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      <None>0</None>
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    <nameOfIssuer>TUTOR PERINI CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>901109108</cusip>
    <value>403</value>
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      <sshPrnamt>14400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>14400</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>TWENTY FIRST CENTY FOX INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>90130A101</cusip>
    <value>4450</value>
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      <sshPrnamt>158700</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>158700</Sole>
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      <None>0</None>
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    <nameOfIssuer>TWENTY FIRST CENTY FOX INC</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>90130A200</cusip>
    <value>32387</value>
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      <sshPrnamt>1188500</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1188500</Sole>
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      <None>0</None>
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    <nameOfIssuer>TYLER TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>902252105</cusip>
    <value>357</value>
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      <sshPrnamt>2500</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>2500</Sole>
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      <None>0</None>
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    <nameOfIssuer>TYSON FOODS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>902494103</cusip>
    <value>118874</value>
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      <sshPrnamt>1927267</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>1927267</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>UBIQUITI NETWORKS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>90347A100</cusip>
    <value>543</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9400</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>9400</Sole>
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      <None>0</None>
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    <nameOfIssuer>UGI CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>902681105</cusip>
    <value>212</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>4600</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>ULTA SALON COSMETCS &amp; FRAG I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>90384S303</cusip>
    <value>4359</value>
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      <sshPrnamt>17100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>17100</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>UNIFIRST CORP MASS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>904708104</cusip>
    <value>690</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>4800</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>UNION BANKSHARES CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>90539J109</cusip>
    <value>4396</value>
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      <sshPrnamt>123000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>123000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>UNISYS CORP</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>909214306</cusip>
    <value>5707</value>
    <shrsOrPrnAmt>
      <sshPrnamt>381735</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>381735</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>UNIT CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>909218109</cusip>
    <value>236</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <votingAuthority>
      <Sole>8800</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>UNITED CMNTY BKS BLAIRSVLE G</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>90984P303</cusip>
    <value>2476</value>
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      <sshPrnamt>83600</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>83600</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>UNITED RENTALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>911363109</cusip>
    <value>66134</value>
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    <nameOfIssuer>VALE S A</nameOfIssuer>
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    <nameOfIssuer>VILLAGE SUPER MKT INC</nameOfIssuer>
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    <value>6935</value>
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    <nameOfIssuer>VIRTUSA CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>364</value>
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    <nameOfIssuer>VISHAY INTERTECHNOLOGY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>10957</value>
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      <Sole>676375</Sole>
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    <nameOfIssuer>VISTA OUTDOOR INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>928377100</cusip>
    <value>2572</value>
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    <nameOfIssuer>VMWARE INC</nameOfIssuer>
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    <nameOfIssuer>VORNADO RLTY TR</nameOfIssuer>
    <titleOfClass>SH BEN INT</titleOfClass>
    <cusip>929042109</cusip>
    <value>397</value>
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    <nameOfIssuer>VOYA FINL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>VWR CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>91843L103</cusip>
    <value>1059</value>
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