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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CHENIERE ENERGY INC COM NEW 16411R208 45,133 651,643 SH   SOLE   651,643 0 0
CHENIERE ENERGY INC COM NEW 16411R208 42,823 618,300 SH Call SOLE   618,300 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2,039 182,500 SH Call SOLE   182,500 0 0
CHESAPEAKE ENERGY CORP COM 165167107 5,156 461,600 SH Put SOLE   461,600 0 0
DYNEGY INC NEW DEL COM 26817R108 48,621 1,662,268 SH   SOLE   1,662,268 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 108,304 867,400 SH Put SOLE   867,400 0 0
JOY GLOBAL INC COM 481165108 27,812 768,300 SH   SOLE   768,300 0 0
WESTMORELAND COAL CO COM 960878106 16,592 798,457 SH   SOLE   798,457 0 0
ASSURED GUARANTY LTD COM G0585R106 28,406 1,184,081 SH   SOLE   1,184,081 0 0
ASSURED GUARANTY LTD COM G0585R106 9,596 400,000 SH Put SOLE   400,000 0 0