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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
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
AARONS INC COM 002535300 4,007 112,433 SH   SOLE   0 0 0
AMERICAN APPAREL INC COM 023850100 3,435 3,816,675 SH   SOLE   0 0 0
AVIV REIT INC MD COM 05381L101 8,210 291,435 SH   SOLE   0 0 0
BLOCK H & R INC COM 093671105 22,447 669,652 SH   SOLE   0 0 0
BLUCORA INC COM 095229100 8,662 459,012 SH   SOLE   0 0 0
CHECKPOINT SYS INC COM 162825103 9,051 646,982 SH   SOLE   0 0 0
COMMONWEALTH REIT COM 203233101 8,580 325,978 SH   SOLE   0 0 0
DST SYS INC DEL COM 233326107 5,456 59,200 SH   SOLE   0 0 0
GEO GROUP INC COM 36159R103 5,423 151,764 SH   SOLE   0 0 0
GETTY RLTY CORP NEW COM 374297109 7,622 399,491 SH   SOLE   0 0 0
IMPERIAL HLDGS INC COM 452834104 8,266 1,211,974 SH   SOLE   0 0 0
PERFORMANT FINL CORP COM 71377E105 8,219 813,786 SH   SOLE   0 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 12,487 434,924 SH   SOLE   0 0 0
STATE BK FINL CORP COM 856190103 9,143 540,657 SH   SOLE   0 0 0
TILLYS INC COM 886885102 419 52,155 SH   SOLE   0 0 0
XO GROUP INC COM 983772104 7,052 577,108 SH   SOLE   0 0 0