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
AMERCO COM 023586100 16,004 61,108 SH   OTR 1,2,3 0 61,108 0
AMERICAN AIRLS GROUP INC COM 02376R102 12,258 345,503 SH   OTR 1,2,3 0 345,503 0
ATLANTIC PWR CORP COM NEW 04878Q863 8,046 3,380,466 SH   OTR 1,2,3 0 3,380,466 0
ATLAS ENERGY LP COM UNITS LP 04930A104 3,564 81,000 SH   OTR 1,2,3 0 81,000 0
BANK AMER CORP COM 060505104 3,180 186,500 SH Call OTR 1,2,3 0 186,500 0
BANK AMER CORP COM 060505104 24,247 1,422,083 SH   OTR 1,2,3 0 1,422,083 0
BARNES & NOBLE INC COM 067774109 2,790 141,354 SH   OTR 1,2,3 0 141,354 0
BERRY PLASTICS GROUP INC COM 08579W103 12,937 512,578 SH   OTR 1,2,3 0 512,578 0
CARMIKE CINEMAS INC COM 143436400 2,571 83,001 SH   OTR 1,2,3 0 83,001 0
CLUBCORP HLDGS INC COM 18948M108 37,824 1,907,434 SH   OTR 1,2,3 0 1,907,434 0
CLUBCORP HLDGS INC COM 18948M108 2,376 119,800 SH Call OTR 1,2,3 0 46,600 0
COMCAST CORP NEW CL A 20030N101 14,213 264,278 SH   OTR 1,2,3 0 264,278 0
DIAMOND RESORTS INTL INC COM 25272T104 31,191 1,370,450 SH   OTR 1,2,3 0 1,370,450 0
DISH NETWORK CORP CL A 25470M109 1,807 27,980 SH   OTR 1,2,3 0 27,980 0
FERRO CORP COM 315405100 29,584 2,041,718 SH   OTR 1,2 0 2,041,718 0
GRAPHIC PACKAGING HLDG CO COM 388689101 32,929 2,649,189 SH   OTR 1,2,3 0 2,649,189 0
INNOPHOS HOLDINGS INC COM 45774N108 34,689 629,675 SH   OTR 1,2,3 0 629,675 0
INNOPHOS HOLDINGS INC COM 45774N108 2,055 37,300 SH Call OTR 1,2,3 0 18,600 0
JASON INDS INC COM 471172106 9,558 1,073,308 SH   OTR 1,2,3 0 895,270 0
LORAL SPACE & COMMUNICATNS I COM 543881106 2,065 28,762 SH   OTR 1,2,3 0 28,762 0
MICROSOFT CORP COM 594918104 5,191 111,978 SH   OTR 1,2,3 0 111,978 0
MOLSON COORS BREWING CO CL B 60871R209 18,043 242,386 SH   OTR 1,2,3 0 242,386 0
NORTH AMERN ENERGY PARTNERS COM 656844107 19,238 2,987,265 SH   OTR 1,2,3 0 2,987,265 0
OCCIDENTAL PETE CORP DEL COM 674599105 12,112 125,975 SH   OTR 1,2,3 0 125,975 0
OCCIDENTAL PETE CORP DEL COM 674599105 17,942 186,600 SH Call OTR 1,2,3 0 93,300 0
OFFICE DEPOT INC COM 676220106 120 23,318 SH   OTR 1,2,3 0 23,318 0
OM GROUP INC COM 670872100 6,960 268,195 SH   OTR 1,2,3 0 268,195 0
OWENS CORNING NEW COM 690742101 737 23,213 SH   OTR 1,2,3 0 23,213 0
PENN WEST PETE LTD NEW COM 707887105 18,630 2,760,018 SH   OTR 1,2,3 0 2,760,018 0
PEPSICO INC COM 713448108 23,896 256,700 SH Call OTR 1,2,3 0 215,500 0
PEPSICO INC COM 713448108 2,555 27,447 SH   OTR 1,2,3 0 27,447 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 11,502 219,711 SH   OTR 1,2,3 0 219,711 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 229,784 1,166,300 SH Put OTR 1,2,3 0 186,600 0
TALISMAN ENERGY INC COM 87425E103 1,607 185,800 SH Call OTR 1,2,3 0 185,800 0
TIM HORTONS INC COM 88706M103 23,141 293,630 SH   OTR 1,2,3 0 293,630 0
TRANSCANADA CORP COM 89353D107 8,703 169,070 SH   OTR 1,2,3 0 169,070 0
TRINSEO S A SHS L9340P101 9,281 589,988 SH   OTR 1,2,3 0 589,988 0
WABASH NATL CORP COM 929566107 15,479 1,162,104 SH   OTR 1,2,3 0 1,162,104 0
WAUSAU PAPER CORP COM 943315101 7,629 962,037 SH   OTR 1,2,3 0 962,037 0