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 APPAREL INC COM 023850100 1,735 2,116,083 SH   SOLE   2,116,083 0 0
AVIV REIT INC MD COM 05381L101 2,963 112,452 SH   SOLE   112,452 0 0
BLOCK H & R INC COM 093671105 17,937 578,412 SH   SOLE   578,412 0 0
BLUCORA INC COM 095229100 7,974 523,221 SH   SOLE   523,221 0 0
CHECKPOINT SYS INC COM 162825103 9,356 765,005 SH   SOLE   765,005 0 0
DST SYS INC DEL COM 233326107 7,738 92,204 SH   SOLE   92,204 0 0
EQUITY COMWLTH COM 294628102 6,938 269,864 SH   SOLE   269,864 0 0
GEO GROUP INC NEW COM 36159R103 5,311 138,970 SH   SOLE   138,970 0 0
GETTY RLTY CORP NEW COM 374297109 5,447 320,404 SH   SOLE   320,404 0 0
IMPERIAL HLDGS INC COM 452834104 7,579 1,175,057 SH   SOLE   1,175,057 0 0
PERFORMANT FINL CORP COM 71377E105 6,551 810,823 SH   SOLE   810,823 0 0
SABRA HEALTH CARE REIT INC COM 78573L106 9,512 391,132 SH   SOLE   391,132 0 0
STATE BK FINL CORP COM 856190103 6,936 427,094 SH   SOLE   427,094 0 0
TILLYS INC COM 886885102 2,407 320,073 SH   SOLE   320,073 0 0
XO GROUP INC COM 983772104 4,829 430,749 SH   SOLE   430,749 0 0