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
ACCRETIVE HEALTH INC COM 00438V103 8,099 888,000 SH   SOLE   888,000 0 0
ALERE INC COM 01449J105 11,283 369,097 SH   SOLE   369,097 0 0
ASSURED GUARANTY LTD COM G0585R106 8,259 440,500 SH   SOLE   440,500 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 6,474 355,722 SH   SOLE   355,722 0 0
BABCOCK & WILCOX CO NEW COM 05615F102 22,441 665,500 SH   SOLE   665,500 0 0
BLUCORA INC COM 095229100 13,282 577,974 SH   SOLE   577,974 0 0
BOISE CASCADE CO DEL COM 09739D100 19,513 724,034 SH   SOLE   724,034 0 0
BRUNSWICK CORP COM 117043109 7,567 189,600 SH   SOLE   189,600 0 0
CALLAWAY GOLF CO COM 131193104 7,654 1,075,022 SH   SOLE   1,075,022 0 0
CAPITAL ONE FINL CORP COM 14040H105 12,373 180,000 SH   SOLE   180,000 0 0
CF INDS HLDGS INC COM 125269100 25,721 122,000 SH   SOLE   122,000 0 0
COMVERSE INC COM 20585P105 6,805 212,979 SH   SOLE   212,979 0 0
COWEN GROUP INC NEW CL A 223622101 380 110,323 SH   SOLE   110,323 0 0
DEMAND MEDIA INC COM 24802N109 4,908 776,534 SH   SOLE   776,534 0 0
DOLE FOOD CO INC NEW COM 256603101 10,730 787,812 SH   SOLE   787,812 0 0
EMULEX CORP COM NEW 292475209 14,705 1,894,963 SH   SOLE   1,894,963 0 0
FOREST OIL CORP COM PAR $0.01 346091705 6,605 1,082,800 SH   SOLE   1,082,800 0 0
GENERAL MTRS CO COM 37045V100 8,993 250,000 SH   SOLE   250,000 0 0
HEWLETT PACKARD CO COM 428236103 2,309 110,000 SH   SOLE   110,000 0 0
IAC INTERACTIVECORP COM PAR $.001 44919P508 8,693 159,000 SH   SOLE   159,000 0 0
INTERDIGITAL INC COM 45867G101 5,784 154,900 SH   SOLE   154,900 0 0
INTERMUNE INC COM 45884X103 4,711 306,315 SH   SOLE   306,315 0 0
INTL PAPER CO COM 460146103 17,248 384,989 SH   SOLE   384,989 0 0
ISHARES RUSSELL 2000 ETF 464287655 31,983 300,000 SH Put SOLE   300,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 3,729 55,064 SH   SOLE   55,064 0 0
MBIA INC COM 55262C100 15,345 1,500,000 SH   SOLE   1,500,000 0 0
NOKIA CORP SPONSORED ADR 654902204 4,231 650,000 SH   SOLE   650,000 0 0
NXP SEMICONDUCTORS N V COM N6596X109 28,652 770,000 SH   SOLE   770,000 0 0
ONYX PHARMACEUTICALS INC COM 683399109 22,321 179,000 SH   SOLE   179,000 0 0
PENNEY J C INC COM 708160106 1,682 191,000 SH   SOLE   191,000 0 0
PERKINELMER INC COM 714046109 13,291 352,072 SH   SOLE   352,072 0 0
PLY GEM HLDGS INC COM 72941W100 6,990 500,000 SH   SOLE   500,000 0 0
QUALCOMM INC COM 747525103 5,386 80,000 SH   SOLE   80,000 0 0
SANDISK CORP COM 80004C101 9,522 160,000 SH   SOLE   160,000 0 0
SEQUENOM INC COM NEW 817337405 4,176 1,564,000 SH   SOLE   1,564,000 0 0
STMICROELECTRONICS N V NY REGISTRY 861012102 3,773 410,115 SH   SOLE   410,115 0 0
SUNEDISON INC COM 86732Y109 9,900 1,242,208 SH   SOLE   1,242,208 0 0
TOWER GROUP INTL LTD COM G8988C105 14,350 2,050,000 SH   SOLE   2,050,000 0 0
TRANSOCEAN LTD REG SHS H8817H100 11,187 251,400 SH   SOLE   251,400 0 0
U S AIRWAYS GROUP INC COM 90341W108 6,813 359,340 SH   SOLE   359,340 0 0
UNITED CONTL HLDGS INC COM 910047109 4,607 150,000 SH   SOLE   150,000 0 0
VERINT SYS INC COM 92343X100 4,509 121,655 SH   SOLE   121,655 0 0
XEROX CORP COM 984121103 39,925 3,880,000 SH   SOLE   3,880,000 0 0