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
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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
ALLEGHANY CORP DEL COM 017175100 5,854 14,000 SH   SOLE   14,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,454 25,000 SH   SOLE   25,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 3,454 25,000 SH Call SOLE   0 0 0
BLUCORA INC COM 095229100 2,972 195,000 SH   SOLE   195,000 0 0
BRAVO BRIO RESTAURANT GROUP COM 10567B109 1,670 128,733 SH   SOLE   128,733 0 0
CAPITAL SOUTHWEST CORP COM 140501107 1,789 50,000 SH   SOLE   50,000 0 0
CHARTER FINL CORP MD COM 16122W108 1,204 112,500 SH   SOLE   112,500 0 0
CLIFTON BANCORP INC COM 186873105 1,637 130,000 SH   SOLE   130,000 0 0
COTT CORP QUE COM 22163N106 1,374 200,000 SH   SOLE   200,000 0 0
CRYOLIFE INC COM 228903100 987 100,000 SH   SOLE   100,000 0 0
E M C CORP MASS COM 268648102 1,756 60,000 SH   SOLE   60,000 0 0
E M C CORP MASS COM 268648102 2,633 90,000 SH Call SOLE   0 0 0
EBAY INC COM 278642103 3,256 57,500 SH   SOLE   57,500 0 0
ELLIS PERRY INTL INC COM 288853104 2,798 137,500 SH   SOLE   137,500 0 0
FIRST AMERN FINL CORP COM 31847R102 2,848 105,000 SH   SOLE   105,000 0 0
HARVARD BIOSCIENCE INC COM 416906105 1,111 271,600 SH   SOLE   271,600 0 0
ICONIX BRAND GROUP INC COM 451055107 1,293 35,000 SH   SOLE   35,000 0 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 2,966 147,500 SH   SOLE   147,500 0 0
KULICKE & SOFFA INDS INC COM 501242101 5,123 360,000 SH   SOLE   360,000 0 0
LEUCADIA NATL CORP COM 527288104 1,907 80,000 SH Call SOLE   0 0 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121 1,828 80,000 SH   SOLE   80,000 0 0
QUANTUM CORP COM DSSG 747906204 1,137 980,000 SH   SOLE   980,000 0 0
ROCK-TENN CO CL A 772739207 3,331 70,000 SH   SOLE   70,000 0 0
TARGET CORP COM 87612E106 1,254 20,000 SH   SOLE   20,000 0 0
TARGET CORP COM 87612E106 2,100 33,500 SH Call SOLE   0 0 0
TETRA TECH INC NEW COM 88162G103 4,746 190,000 SH   SOLE   190,000 0 0
VIAD CORP COM NEW 92552R406 2,994 145,000 SH   SOLE   145,000 0 0
VOXX INTL CORP CL A 91829F104 3,692 397,000 SH   SOLE   397,000 0 0