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  <infoTable>
    <nameOfIssuer>ADEPT TECHNOLOGY INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>006854202</cusip>
    <value>624</value>
    <shrsOrPrnAmt>
      <sshPrnamt>101509</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>101509</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AIR LEASE CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>00912X302</cusip>
    <value>4114</value>
    <shrsOrPrnAmt>
      <sshPrnamt>109000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>109000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ARQULE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>04269E107</cusip>
    <value>3877</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1730859</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1730859</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BANCORP INC DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05969A105</cusip>
    <value>10996</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1217689</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1217689</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BRIDGEPOINT ED INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>10807M105</cusip>
    <value>10625</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1100995</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1100995</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BRIDGEPOINT ED INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>10807M105</cusip>
    <value>627</value>
    <shrsOrPrnAmt>
      <sshPrnamt>65000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>65000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BRIGHTCOVE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>10921T101</cusip>
    <value>5389</value>
    <shrsOrPrnAmt>
      <sshPrnamt>735166</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>735166</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CASH AMER INTL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>14754D100</cusip>
    <value>2183</value>
    <shrsOrPrnAmt>
      <sshPrnamt>93676</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>93676</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CASTLE A M &amp; CO</nameOfIssuer>
    <titleOfClass>NOTE 7.000%12/1</titleOfClass>
    <cusip>148411AF8</cusip>
    <value>2062</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000000</sshPrnamt>
      <sshPrnamtType>PRN</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CENVEO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>15670S105</cusip>
    <value>2377</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1110756</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1110756</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CITI TRENDS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>17306X102</cusip>
    <value>6781</value>
    <shrsOrPrnAmt>
      <sshPrnamt>251145</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>251145</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CODEXIS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>192005106</cusip>
    <value>16703</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3662918</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3662918</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CROCS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>227046109</cusip>
    <value>11338</value>
    <shrsOrPrnAmt>
      <sshPrnamt>960047</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>960047</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CROCS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>227046109</cusip>
    <value>2089</value>
    <shrsOrPrnAmt>
      <sshPrnamt>176900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>176900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CROWN MEDIA HLDGS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>228411104</cusip>
    <value>8593</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2148126</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2148126</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DIAMOND RESORTS INTL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25272T104</cusip>
    <value>12202</value>
    <shrsOrPrnAmt>
      <sshPrnamt>365008</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>365008</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DOLBY LABORATORIES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25659T107</cusip>
    <value>4414</value>
    <shrsOrPrnAmt>
      <sshPrnamt>115672</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>115672</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DOVER DOWNS GAMING &amp; ENTMT I</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>260095104</cusip>
    <value>232</value>
    <shrsOrPrnAmt>
      <sshPrnamt>198636</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>198636</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DOVER MOTORSPORTS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>260174107</cusip>
    <value>2521</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1063569</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1063569</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ELLIS PERRY INTL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>288853104</cusip>
    <value>3195</value>
    <shrsOrPrnAmt>
      <sshPrnamt>137957</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>137957</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EMMIS COMMUNICATIONS CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>291525103</cusip>
    <value>2025</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1017781</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1017781</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EVOLUTION PETROLEUM CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30049A107</cusip>
    <value>4786</value>
    <shrsOrPrnAmt>
      <sshPrnamt>804324</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>804324</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FALCONSTOR SOFTWARE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>306137100</cusip>
    <value>5154</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3325052</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3325052</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FIAT CHRYSLER AUTOMOBILES N</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>N31738102</cusip>
    <value>4078</value>
    <shrsOrPrnAmt>
      <sshPrnamt>250000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>250000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FIAT CHRYSLER AUTOMOBILES N</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>N31738102</cusip>
    <value>3262</value>
    <shrsOrPrnAmt>
      <sshPrnamt>200000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>200000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FINTECH ACQUISITION CORP</nameOfIssuer>
    <titleOfClass>UNIT 99/99/9999</titleOfClass>
    <cusip>31809H209</cusip>
    <value>6210</value>
    <shrsOrPrnAmt>
      <sshPrnamt>600000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>600000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FIRST CASH FINL SVCS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31942D107</cusip>
    <value>4885</value>
    <shrsOrPrnAmt>
      <sshPrnamt>105000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>105000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FULL CIRCLE CAP CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>359671104</cusip>
    <value>525</value>
    <shrsOrPrnAmt>
      <sshPrnamt>149055</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>149055</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>IMPERIAL HLDGS INC</nameOfIssuer>
    <titleOfClass>NOTE 8.500% 2/1</titleOfClass>
    <cusip>452834AE4</cusip>
    <value>18475</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14770000</sshPrnamt>
      <sshPrnamtType>PRN</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>14770000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>IMPERIAL HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>452834104</cusip>
    <value>9657</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1385460</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1385460</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>RUSSELL 2000 ETF</titleOfClass>
    <cusip>464287655</cusip>
    <value>24874</value>
    <shrsOrPrnAmt>
      <sshPrnamt>200000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>200000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>RUSSELL 2000 ETF</titleOfClass>
    <cusip>464287655</cusip>
    <value>24874</value>
    <shrsOrPrnAmt>
      <sshPrnamt>200000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>200000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>RUSSELL 2000 ETF</titleOfClass>
    <cusip>464287655</cusip>
    <value>12437</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>100000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>RUSSELL 2000 ETF</titleOfClass>
    <cusip>464287655</cusip>
    <value>31093</value>
    <shrsOrPrnAmt>
      <sshPrnamt>250000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>250000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISIS PHARMACEUTICALS INC DEL</nameOfIssuer>
    <titleOfClass>NOTE 2.750%10/0</titleOfClass>
    <cusip>464337AG9</cusip>
    <value>9650</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2500000</sshPrnamt>
      <sshPrnamtType>PRN</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2500000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>5847</value>
    <shrsOrPrnAmt>
      <sshPrnamt>861150</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>861150</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>1867</value>
    <shrsOrPrnAmt>
      <sshPrnamt>275000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>275000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>340</value>
    <shrsOrPrnAmt>
      <sshPrnamt>50000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>50000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>496</value>
    <shrsOrPrnAmt>
      <sshPrnamt>73000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
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    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
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    <cusip>45068B109</cusip>
    <value>2184</value>
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      <sshPrnamt>321600</sshPrnamt>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>321600</Sole>
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      <None>0</None>
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    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>1358</value>
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      <sshPrnamt>200000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>200000</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>1867</value>
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      <sshPrnamt>275000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>275000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>1256</value>
    <shrsOrPrnAmt>
      <sshPrnamt>185000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>185000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>ITT EDUCATIONAL SERVICES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45068B109</cusip>
    <value>679</value>
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      <sshPrnamt>100000</sshPrnamt>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>100000</Sole>
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      <None>0</None>
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    <nameOfIssuer>JAZZ PHARMACEUTICALS PLC</nameOfIssuer>
    <titleOfClass>SHS USD</titleOfClass>
    <cusip>G50871105</cusip>
    <value>2160</value>
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      <sshPrnamt>12500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>KERYX BIOPHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>492515101</cusip>
    <value>115</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9000</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>KERYX BIOPHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>492515101</cusip>
    <value>2546</value>
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      <sshPrnamt>200000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>200000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>LAKES ENTMNT INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>51206P208</cusip>
    <value>4775</value>
    <shrsOrPrnAmt>
      <sshPrnamt>557816</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>557816</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>LENNAR CORP</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>526057302</cusip>
    <value>4710</value>
    <shrsOrPrnAmt>
      <sshPrnamt>114604</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>114604</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>LIBERTY INTERACTIVE CORP</nameOfIssuer>
    <titleOfClass>LBT VENT COM A</titleOfClass>
    <cusip>53071M880</cusip>
    <value>9160</value>
    <shrsOrPrnAmt>
      <sshPrnamt>218035</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>218035</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>LIFE TIME FITNESS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>53217R207</cusip>
    <value>6382</value>
    <shrsOrPrnAmt>
      <sshPrnamt>89944</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>89944</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>LINCOLN EDL SVCS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>533535100</cusip>
    <value>3381</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1509374</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1509374</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>LUMBER LIQUIDATORS HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55003T107</cusip>
    <value>1416</value>
    <shrsOrPrnAmt>
      <sshPrnamt>46000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>46000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>META FINL GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>59100U108</cusip>
    <value>7418</value>
    <shrsOrPrnAmt>
      <sshPrnamt>186710</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>186710</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MIDWAY GOLD CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>598153104</cusip>
    <value>2186</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7143441</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7143441</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>NATIONAL RESH CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>637372202</cusip>
    <value>2942</value>
    <shrsOrPrnAmt>
      <sshPrnamt>204273</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>204273</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>NEWS CORP NEW</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>65249B109</cusip>
    <value>11812</value>
    <shrsOrPrnAmt>
      <sshPrnamt>737800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>737800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>OCWEN FINL CORP</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>675746309</cusip>
    <value>1238</value>
    <shrsOrPrnAmt>
      <sshPrnamt>150000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>150000</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>OWENS RLTY MTG INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>690828108</cusip>
    <value>10697</value>
    <shrsOrPrnAmt>
      <sshPrnamt>714088</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>714088</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>PACIRA PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>NOTE 3.250% 2/0</titleOfClass>
    <cusip>695127AB6</cusip>
    <value>18260</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5100000</sshPrnamt>
      <sshPrnamtType>PRN</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5100000</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>PAIN THERAPEUTICS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>69562K100</cusip>
    <value>4144</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2192353</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2192353</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>PHARMATHENE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>71714G102</cusip>
    <value>4065</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2493983</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2493983</Sole>
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      <None>0</None>
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    <nameOfIssuer>QAD INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>74727D306</cusip>
    <value>8753</value>
    <shrsOrPrnAmt>
      <sshPrnamt>361685</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>361685</Sole>
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      <None>0</None>
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    <nameOfIssuer>QAD INC</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>74727D207</cusip>
    <value>3930</value>
    <shrsOrPrnAmt>
      <sshPrnamt>196476</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>196476</Sole>
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      <None>0</None>
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    <nameOfIssuer>RADIANT LOGISTICS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>75025X100</cusip>
    <value>6731</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1299360</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1299360</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>RED LION HOTELS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>756764106</cusip>
    <value>2832</value>
    <shrsOrPrnAmt>
      <sshPrnamt>424647</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>424647</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>REGIONAL MGMT CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>75902K106</cusip>
    <value>7535</value>
    <shrsOrPrnAmt>
      <sshPrnamt>510502</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>510502</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>REGIONAL MGMT CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>75902K106</cusip>
    <value>3104</value>
    <shrsOrPrnAmt>
      <sshPrnamt>210300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>210300</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>REPUBLIC BANCORP KY</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>760281204</cusip>
    <value>5169</value>
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      <sshPrnamt>209035</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>209035</Sole>
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      <None>0</None>
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    <nameOfIssuer>SCICLONE PHARMACEUTICALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>80862K104</cusip>
    <value>13490</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1522625</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1522625</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>SCIENTIFIC GAMES CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>80874P109</cusip>
    <value>15235</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1455151</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1455151</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>SCIENTIFIC GAMES CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>80874P109</cusip>
    <value>6282</value>
    <shrsOrPrnAmt>
      <sshPrnamt>600000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>600000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SCIENTIFIC GAMES CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>80874P109</cusip>
    <value>7329</value>
    <shrsOrPrnAmt>
      <sshPrnamt>700000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>700000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SCIENTIFIC GAMES CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>80874P109</cusip>
    <value>13611</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1300000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1300000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SODASTREAM INTERNATIONAL LTD</nameOfIssuer>
    <titleOfClass>USD SHS</titleOfClass>
    <cusip>M9068E105</cusip>
    <value>7395</value>
    <shrsOrPrnAmt>
      <sshPrnamt>365000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>365000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SODASTREAM INTERNATIONAL LTD</nameOfIssuer>
    <titleOfClass>USD SHS</titleOfClass>
    <cusip>M9068E105</cusip>
    <value>1317</value>
    <shrsOrPrnAmt>
      <sshPrnamt>65000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>65000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
    <titleOfClass>TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>10322</value>
    <shrsOrPrnAmt>
      <sshPrnamt>50000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>50000</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
    <titleOfClass>TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>26836</value>
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    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
    <titleOfClass>TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>6193</value>
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      <sshPrnamt>30000</sshPrnamt>
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    <cusip>78462F103</cusip>
    <value>10322</value>
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      <sshPrnamt>50000</sshPrnamt>
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    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>50000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
    <titleOfClass>TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>6193</value>
    <shrsOrPrnAmt>
      <sshPrnamt>30000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Put</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>30000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SPDR SERIES TRUST</nameOfIssuer>
    <titleOfClass>S&amp;P BIOTECH</titleOfClass>
    <cusip>78464A870</cusip>
    <value>11275</value>
    <shrsOrPrnAmt>
      <sshPrnamt>50000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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      <Sole>50000</Sole>
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      <None>0</None>
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    <nameOfIssuer>SUNCOKE ENERGY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>86722A103</cusip>
    <value>5086</value>
    <shrsOrPrnAmt>
      <sshPrnamt>340442</sshPrnamt>
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    <votingAuthority>
      <Sole>340442</Sole>
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      <None>0</None>
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    <nameOfIssuer>SYNERGETICS USA INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87160G107</cusip>
    <value>6008</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1114585</sshPrnamt>
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      <Sole>1114585</Sole>
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      <None>0</None>
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    <cusip>871639308</cusip>
    <value>657</value>
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      <Sole>142209</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>87240R107</cusip>
    <value>4185</value>
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      <sshPrnamt>285087</sshPrnamt>
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    <votingAuthority>
      <Sole>285087</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>TRANS WORLD ENTMT CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89336Q100</cusip>
    <value>8355</value>
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    <votingAuthority>
      <Sole>2257974</Sole>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>911363109</cusip>
    <value>4941</value>
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      <sshPrnamt>54200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>54200</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>UNIVERSAL TECHNICAL INST INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>913915104</cusip>
    <value>1059</value>
    <shrsOrPrnAmt>
      <sshPrnamt>110316</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>110316</Sole>
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      <None>0</None>
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    <nameOfIssuer>WHITEHORSE FIN INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>96524V106</cusip>
    <value>2863</value>
    <shrsOrPrnAmt>
      <sshPrnamt>230515</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>230515</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>WORLD ACCEP CORP DEL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>981419104</cusip>
    <value>7292</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <putCall>Call</putCall>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>100000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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</informationTable>
