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
AMERICAN AIRLS GROUP INC COM 02376R102 16,089 300,000 SH   SOLE None 300,000 0 0
CREDIT SUISSE NASSAU BRH INVRS VIX STERM 22542D795 3,581 115,000 SH   SOLE None 115,000 0 0
COMSTOCK MNG INC COM 205750102 231 304,525 SH   SOLE None 304,525 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 45,940 6,284,600 SH   SOLE None 6,284,600 0 0
DORIAN LPG LTD SHS USD Y2106R110 11,820 850,961 SH   SOLE None 850,961 0 0
GENWORTH FINL INC COM CL A 37247D106 4,250 500,000 SH   SOLE None 500,000 0 0
GENWORTH FINL INC PUT 37247D956 8,500 1,000,000 SH Put SOLE None 1,000,000 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 28,234 774,178 SH   SOLE None 774,178 0 0
GOLAR LNG LTD BERMUDA CALL G9456A900 36,470 1,000,000 SH Call SOLE None 1,000,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 124,081 1,576,431 SH   SOLE None 1,576,431 0 0
SCORPIO BULKERS INC SHS Y7546A106 10,687 5,425,000 SH   SOLE None 5,425,000 0 0
SPDR S&P 500 ETF TR PUT 78462F953 271,539 1,321,100 SH Put SOLE None 1,321,100 0 0
TRAVELPORT WORLDWIDE LTD SHS G9019D104 114,331 6,351,714 SH   SOLE None 6,351,714 0 0
VISTEON CORP COM NEW 92839U206 222,689 2,083,932 SH   SOLE None 2,083,932 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 11 578 SH   SOLE None 578 0 0