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
BBX CAP CORP CL A PAR $0.01 05540P100 8,892 552,297 SH   SOLE   552,297 0 0
BLACKBERRY LTD COM 09228F103 6,188 1,009,500 SH   SOLE   1,009,500 0 0
BLACKBERRY LTD COM 09228F103 533 87,000 SH Call SOLE   87,000 0 0
COSI INC COM NEW 22122P200 4,547 4,457,875 SH   SOLE   4,457,875 0 0
J G WENTWORTH CO CL A 46618D108 13,936 2,826,764 SH   SOLE   2,826,764 0 0
LEE ENTERPRISES INC COM 523768109 851 409,188 SH   SOLE   409,188 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 18,868 1,220,441 SH   SOLE   1,220,441 0 0
OASIS PETE INC NEW COM 674215108 1,314 151,407 SH   SOLE   151,407 0 0
RENTECH INC COM 760112201 3,154 563,215 SH   SOLE   563,215 0 0
RENTECH NITROGEN PARTNERS L COM UNIT 760113100 2,354 199,503 SH   SOLE   199,503 0 0
REPUBLIC AWYS HLDGS INC COM 760276105 5,208 901,000 SH   SOLE   901,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 14,372 75,000 SH Put SOLE   75,000 0 0
WMIH CORP COM 92936P100 9,932 3,820,091 SH   SOLE   3,820,091 0 0