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
AMBAC FINL GROUP INC COM NEW 023139884 14,725 599,569 SH   SOLE   599,569 0 0
CLEARWATER PAPER CORP COM 18538R103 20,071 382,309 SH   SOLE   382,309 0 0
COLE REAL ESTATE INVTS INC COM 19329V105 58,570 4,171,685 SH   SOLE   4,171,685 0 0
COOPER STD HLDGS INC COM 21676P103 40,894 837,642 SH   SOLE   837,642 0 0
EQUINIX INC COM NEW 29444U502 39,554 222,900 SH   SOLE   222,900 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 27,654 2,445,051 SH   SOLE   2,445,051 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 37,035 1,938,998 SH   SOLE   1,938,998 0 0
GIBRALTAR INDS INC COM 374689107 18,853 1,014,150 SH   SOLE   1,014,150 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 83 5,585 SH   SOLE   5,585 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 28,868 3,007,050 SH   SOLE   3,007,050 0 0
HEADWATERS INC COM 42210P102 51,252 5,235,097 SH   SOLE   5,235,097 0 0
ION GEOPHYSICAL CORP COM 462044108 2,429 736,200 SH Put SOLE   736,200 0 0
JETPAY CORP COM 477177109 244 116,637 SH   SOLE   116,637 0 0
LEVY ACQUISITION CORP UNIT 99/99/9999 52748T203 14,865 1,485,000 SH   SOLE   1,485,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 4,964 61,294 SH   SOLE   61,294 0 0
LUMOS NETWORKS CORP COM 550283105 53,637 2,554,138 SH   SOLE   2,554,138 0 0
LUXFER HLDGS PLC SPONSORED ADR 550678106 38,733 1,856,800 SH   SOLE   1,856,800 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 97,773 1,796,304 SH   SOLE   1,796,304 0 0
MASONITE INTL CORP NEW COM 575385109 59,882 998,033 SH   SOLE   998,033 0 0
MOTORCAR PTS AMER INC COM 620071100 6,992 362,300 SH   SOLE   362,300 0 0
QUINPARIO ACQUISITION CORP *W EXP 09/27/201 74874R116 162 450,000 SH   SOLE   450,000 0 0
QUINPARIO ACQUISITION CORP COM 74874R108 4,545 450,000 SH   SOLE   450,000 0 0
RETAIL OPPORTUNITY INVTS COR *W EXP 10/23/201 76131N119 412 141,000 SH   SOLE   141,000 0 0
ROI ACQUISITION CORP II UNIT 99/99/9999 74966G200 8,020 800,362 SH   SOLE   800,362 0 0
SILVER EAGLE ACQUISITION COR *W EXP 07/26/202 827694118 1,050 1,750,000 SH   SOLE   1,750,000 0 0
SILVER EAGLE ACQUISITION COR COM 827694100 16,940 1,750,000 SH   SOLE   1,750,000 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 17,992 353,888 SH   SOLE   353,888 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416J118 7,264 440,500 SH   SOLE   440,500 0 0