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
ABERCROMBIE & FITCH CO CL A 002896207 1,105 25,551 SH   DFND 1 0 25,551 0
ABERCROMBIE & FITCH CO CL A 002896207 13,452 311,028 SH   DFND 2,3 0 311,028 0
ABERCROMBIE & FITCH CO CL A 002896207 1,516 35,043 SH   SOLE   35,043 0 0
AEROPOSTALE COM 007865108 551 157,858 SH   DFND 1 0 157,858 0
AEROPOSTALE COM 007865108 6,706 1,921,598 SH   DFND 2,3 0 1,921,598 0
AEROPOSTALE COM 007865108 756 216,507 SH   SOLE   216,507 0 0
ALCOA INC COM 013817101 2,424 162,791 SH   DFND 1 0 162,791 0
ALCOA INC COM 013817101 29,507 1,981,654 SH   DFND 2,3 0 1,981,654 0
ALCOA INC COM 013817101 3,325 223,274 SH   SOLE   223,274 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 2,543 46,596 SH   DFND 1 0 46,596 0
AMERICAN INTL GROUP INC COM NEW 026874784 30,959 567,219 SH   DFND 2,3 0 567,219 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,488 63,909 SH   SOLE   63,909 0 0
APACHE CORP COM 037411105 1,907 18,953 SH   DFND 1 0 18,953 0
APACHE CORP COM 037411105 23,215 230,715 SH   DFND 2,3 0 230,715 0
APACHE CORP COM 037411105 2,616 25,995 SH   SOLE   25,995 0 0
APPLIED MATLS INC COM 038222105 1,149 50,937 SH   DFND 1 0 50,937 0
APPLIED MATLS INC COM 038222105 13,982 620,060 SH   DFND 2,3 0 620,060 0
APPLIED MATLS INC COM 038222105 1,575 69,863 SH   SOLE   69,863 0 0
ASCENA RETAIL GROUP INC COM 04351G101 1,005 58,745 SH   DFND 1 0 58,745 0
ASCENA RETAIL GROUP INC COM 04351G101 12,228 715,099 SH   DFND 2,3 0 715,099 0
ASCENA RETAIL GROUP INC COM 04351G101 1,378 80,570 SH   SOLE   80,570 0 0
ASSURED GUARANTY LTD COM G0585R106 3,149 128,548 SH   DFND 1 0 128,548 0
ASSURED GUARANTY LTD COM G0585R106 38,338 1,564,803 SH   DFND 2,3 0 1,564,803 0
ASSURED GUARANTY LTD COM G0585R106 4,320 176,307 SH   SOLE   176,307 0 0
BOSTON SCIENTIFIC CORP COM 101137107 1,543 120,861 SH   DFND 1 0 120,861 0
BOSTON SCIENTIFIC CORP COM 101137107 18,788 1,471,244 SH   DFND 2,3 0 1,471,244 0
BOSTON SCIENTIFIC CORP COM 101137107 2,117 165,766 SH   SOLE   165,766 0 0
CARNIVAL CORP PAIRED CTF 143658300 1,074 28,538 SH   DFND 1 0 28,538 0
CARNIVAL CORP PAIRED CTF 143658300 13,079 347,392 SH   DFND 2,3 0 347,392 0
CARNIVAL CORP PAIRED CTF 143658300 1,474 39,141 SH   SOLE   39,141 0 0
CITIGROUP INC COM NEW 172967424 1,530 32,476 SH   DFND 1 0 32,476 0
CITIGROUP INC COM NEW 172967424 18,620 395,333 SH   DFND 2,3 0 395,333 0
CITIGROUP INC COM NEW 172967424 2,098 44,543 SH   SOLE   44,543 0 0
CORNING INC COM 219350105 1,573 71,668 SH   DFND 1 0 71,668 0
CORNING INC COM 219350105 19,150 872,416 SH   DFND 2,3 0 872,416 0
CORNING INC COM 219350105 2,158 98,296 SH   SOLE   98,296 0 0
DOMTAR CORP COM NEW 257559203 1,118 26,089 SH   DFND 1 0 26,089 0
DOMTAR CORP COM NEW 257559203 13,608 317,577 SH   DFND 2,3 0 317,577 0
DOMTAR CORP COM NEW 257559203 1,533 35,782 SH   SOLE   35,782 0 0
DONNELLEY R R & SONS CO COM 257867101 3,565 210,189 SH   DFND 1 0 210,189 0
DONNELLEY R R & SONS CO COM 257867101 43,383 2,557,974 SH   DFND 2,3 0 2,557,974 0
DONNELLEY R R & SONS CO COM 257867101 4,887 288,149 SH   SOLE   288,149 0 0
DONNELLEY R R & SONS CO COM 257867101 265 15,600 SH Call DFND 1 0 15,600 0
DONNELLEY R R & SONS CO COM 257867101 3,127 184,400 SH Call DFND 2,3 0 184,400 0
DONNELLEY R R & SONS CO COM 257867101 339 20,000 SH Call SOLE   20,000 0 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1,196 76,645 SH   DFND 1 0 76,645 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 14,555 933,001 SH   DFND 2,3 0 933,001 0
FAIRCHILD SEMICONDUCTOR INTL COM 303726103 1,640 105,122 SH   SOLE   105,122 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 1,598 9,546 SH   DFND 1 0 9,546 0
GOLDMAN SACHS GROUP INC COM 38141G104 19,458 116,206 SH   DFND 2,3 0 116,206 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,192 13,093 SH   SOLE   13,093 0 0
INTERPUBLIC GROUP COS INC COM 460690100 1,812 92,895 SH   DFND 1 0 92,895 0
INTERPUBLIC GROUP COS INC COM 460690100 22,062 1,130,804 SH   DFND 2,3 0 1,130,804 0
INTERPUBLIC GROUP COS INC COM 460690100 2,486 127,409 SH   SOLE   127,409 0 0
INTL PAPER CO COM 460146103 1,086 21,524 SH   DFND 1 0 21,524 0
INTL PAPER CO COM 460146103 13,224 262,013 SH   DFND 2,3 0 262,013 0
INTL PAPER CO COM 460146103 1,490 29,521 SH   SOLE   29,521 0 0
ISHARES RUSSELL 2000 ETF 464287655 5,394 45,400 SH Put DFND 1 0 45,400 0
ISHARES RUSSELL 2000 ETF 464287655 65,749 553,400 SH Put DFND 2,3 0 553,400 0
ISHARES RUSSELL 2000 ETF 464287655 7,271 61,200 SH Put SOLE   61,200 0 0
JABIL CIRCUIT INC COM 466313103 1,538 73,593 SH   DFND 1 0 73,593 0
JABIL CIRCUIT INC COM 466313103 18,723 895,846 SH   DFND 2,3 0 895,846 0
JABIL CIRCUIT INC COM 466313103 2,110 100,936 SH   SOLE   100,936 0 0
KOHLS CORP COM 500255104 1,519 28,838 SH   DFND 1 0 28,838 0
KOHLS CORP COM 500255104 18,493 351,046 SH   DFND 2,3 0 351,046 0
KOHLS CORP COM 500255104 2,084 39,553 SH   SOLE   39,553 0 0
LILLY ELI & CO COM 532457108 2,091 33,634 SH   DFND 1 0 33,634 0
LILLY ELI & CO COM 532457108 25,454 409,426 SH   DFND 2,3 0 409,426 0
LILLY ELI & CO COM 532457108 2,868 46,130 SH   SOLE   46,130 0 0
LOCKHEED MARTIN CORP COM 539830109 1,952 12,143 SH   DFND 1 0 12,143 0
LOCKHEED MARTIN CORP COM 539830109 23,758 147,812 SH   DFND 2,3 0 147,812 0
LOCKHEED MARTIN CORP COM 539830109 2,677 16,654 SH   SOLE   16,654 0 0
MBIA INC COM 55262C100 3,261 295,363 SH   DFND 1 0 295,363 0
MBIA INC COM 55262C100 39,694 3,595,496 SH   DFND 2,3 0 3,595,496 0
MBIA INC COM 55262C100 4,473 405,193 SH   SOLE   405,193 0 0
MERCK & CO INC NEW COM 58933Y105 2,028 35,049 SH   DFND 1 0 35,049 0
MERCK & CO INC NEW COM 58933Y105 24,682 426,648 SH   DFND 2,3 0 426,648 0
MERCK & CO INC NEW COM 58933Y105 2,781 48,071 SH   SOLE   48,071 0 0
NEWFIELD EXPL CO COM 651290108 1,877 42,460 SH   DFND 1 0 42,460 0
NEWFIELD EXPL CO COM 651290108 22,845 516,860 SH   DFND 2,3 0 516,860 0
NEWFIELD EXPL CO COM 651290108 2,574 58,235 SH   SOLE   58,235 0 0
ON SEMICONDUCTOR CORP COM 682189105 1,332 145,698 SH   DFND 1 0 145,698 0
ON SEMICONDUCTOR CORP COM 682189105 16,211 1,773,584 SH   DFND 2,3 0 1,773,584 0
ON SEMICONDUCTOR CORP COM 682189105 1,826 199,831 SH   SOLE   199,831 0 0
POPULAR INC COM NEW 733174700 1,144 33,462 SH   DFND 1 0 33,462 0
POPULAR INC COM NEW 733174700 13,922 407,327 SH   DFND 2,3 0 407,327 0
POPULAR INC COM NEW 733174700 1,569 45,894 SH   SOLE   45,894 0 0
QUAD / GRAPHICS INC COM CL A 747301109 1,331 59,519 SH   DFND 1 0 59,519 0
QUAD / GRAPHICS INC COM CL A 747301109 16,196 724,026 SH   DFND 2,3 0 724,026 0
QUAD / GRAPHICS INC COM CL A 747301109 1,827 81,656 SH   SOLE   81,656 0 0
RENT A CTR INC NEW COM 76009N100 623 21,721 SH   DFND 1 0 21,721 0
RENT A CTR INC NEW COM 76009N100 7,583 264,411 SH   DFND 2,3 0 264,411 0
RENT A CTR INC NEW COM 76009N100 854 29,791 SH   SOLE   29,791 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 11,861 60,600 SH Put DFND 1 0 60,600 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 144,402 737,800 SH Put DFND 2,3 0 737,800 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 15,971 81,600 SH Put SOLE   81,600 0 0
SUPERVALU INC COM 868536103 1,288 156,663 SH   DFND 1 0 156,663 0
SUPERVALU INC COM 868536103 15,676 1,907,055 SH   DFND 2,3 0 1,907,055 0
SUPERVALU INC COM 868536103 1,766 214,869 SH   SOLE   214,869 0 0
TERADYNE INC COM 880770102 281 14,320 SH   DFND 1 0 14,320 0
TERADYNE INC COM 880770102 3,416 174,297 SH   DFND 2,3 0 174,297 0
TERADYNE INC COM 880770102 385 19,640 SH   SOLE   19,640 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 1,604 31,200 SH Put DFND 1 0 31,200 0
TORONTO DOMINION BK ONT COM NEW 891160509 18,960 368,800 SH Put DFND 2,3 0 368,800 0
TORONTO DOMINION BK ONT COM NEW 891160509 2,056 40,000 SH Put SOLE   40,000 0 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 1,585 68,924 SH   DFND 1 0 68,924 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 19,297 839,014 SH   DFND 2,3 0 839,014 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 2,174 94,532 SH   SOLE   94,532 0 0
WELLPOINT INC COM 94973V107 1,927 17,906 SH   DFND 1 0 17,906 0
WELLPOINT INC COM 94973V107 23,456 217,968 SH   DFND 2,3 0 217,968 0
WELLPOINT INC COM 94973V107 2,643 24,559 SH   SOLE   24,559 0 0