The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMBASSADORS GROUP INC COM 023177108 8,301 3,051,697 SH   OTR 1,2 0 3,051,697 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 3,538 300,600 SH   OTR 1,2 0 300,600 0
CAPITAL SOUTHWEST CORP COM 140501107 5,261 111,000 SH   OTR 1,2 0 111,000 0
GENERAL MTRS CO COM 37045V100 9,246 308,000 SH   OTR 1,2 0 308,000 0
GENERAL MTRS CO *W EXP 12/31/201 37045V134 21 450,000 SH   OTR 1,2 0 450,000 0
GOOGLE INC CL A 38259P508 12,008 18,810 SH   OTR 1,2 0 18,810 0
GOOGLE INC CL C 38259P706 7,944 13,057 SH   OTR 1,2 0 13,057 0
HILLTOP HOLDINGS INC COM 432748101 11,596 585,338 SH   OTR 1,2 0 585,338 0
JAMBA INC COM NEW 47023A309 4,731 332,000 SH   OTR 1,2 0 332,000 0
KANSAS CITY LIFE INS CO COM 484836101 12 249 SH   OTR 1,2 0 249 0
LUBYS INC COM 549282101 8,475 1,705,183 SH   OTR 1,2 0 1,705,183 0
NVE CORP COM NEW 629445206 3,062 63,073 SH   OTR 1,2 0 63,073 0
PICO HLDGS INC COM NEW 693366205 4,240 438,036 SH   OTR 1,2 0 438,036 0
POPEYES LA KITCHEN INC COM 732872106 28,385 503,644 SH   OTR 1,2 0 503,644 0
STAR GAS PARTNERS L P UNIT LTD PARTNR 85512C105 41,262 4,860,068 SH   OTR 1,2 0 4,860,068 0
TANDY LEATHER FACTORY INC COM 87538X105 20,663 2,857,936 SH   OTR 1,2 0 2,857,936 0
THESTREET INC COM 88368Q103 784 469,178 SH   OTR 1,2 0 469,178 0
WMIH CORP COM 92936P100 537 206,406 SH   OTR 1,2 0 206,406 0