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
NORTHWEST PIPE COM NEW 667746101 9,244 306,900 SH Call SOLE NONE 306,900 0 0
KRISPY KREME COM NEW 501014104 4,852 245,800 SH Call SOLE NONE 245,800 0 0
MONRO MUFFLER BRAKE COM NEW 610236101 1,925 33,300 SH Call SOLE NONE 33,300 0 0
NEWCASTLE INVESTMENT COM NEW 65105M603 2,676 596,100 SH Call SOLE NONE 596,100 0 0
MID CON ENERGY PTNRS COM NEW 59560V109 158 25,000 SH Put SOLE NONE 25,000 0 0
AEP INDUSTRIES INC COM NEW 001031103 1,099 18,894 SH   SOLE NONE 18,894 0 0
BONTON STORES INC COM NEW 09776J101 3,851 519,681 SH   SOLE NONE 519,681 0 0
CHEROKEE INC COM NEW 16444H102 1,885 97,380 SH   SOLE NONE 97,380 0 0
DIVERSIFIED RSTRNT HLDGS COM NEW 25532M105 2,381 461,391 SH   SOLE NONE 461,391 0 0
EVINE LIVE COM NEW 300487105 2,935 445,377 SH   SOLE NONE 445,377 0 0
FRANCESCAS HOLDINGS COM NEW 351793104 4,492 268,983 SH   SOLE NONE 268,983 0 0
JAKKS PACIFIC INC COM NEW 47012E106 5,468 804,088 SH   SOLE NONE 804,088 0 0
KRISPY KREME COM NEW 501014104 4,266 216,099 SH   SOLE NONE 216,099 0 0
MEDIFAST COM NEW 58470H101 3,924 116,966 SH   SOLE NONE 116,966 0 0
MODUSLINK GLOBAL COM NEW 60786L107 1,879 501,089 SH   SOLE NONE 501,089 0 0
MONRO MUFFLER BRAKE COM NEW 610236101 872 15,095 SH   SOLE NONE 15,095 0 0
NEW MEDIA INVESTMENT COM NEW 64704V106 1,736 73,481 SH   SOLE NONE 73,481 0 0
NEWCASTLE INVESTMENT COM NEW 65105M603 5,818 1,295,776 SH   SOLE NONE 1,295,776 0 0
NORTH AMERN ENERGY PTNS COM NEW 656844107 3,067 976,767 SH   SOLE NONE 976,767 0 0
NORTHWEST PIPE CO COM NEW 667746101 2,339 77,669 SH   SOLE NONE 77,669 0 0
JC PENNEY CO COM NEW 708160106 2,153 332,200 SH   SOLE NONE 332,200 0 0
PEP BOYS MANNY MOE COM NEW 713278109 3,131 318,860 SH   SOLE NONE 318,860 0 0
QUANTUM CORP COM NEW 747906204 2,170 1,540,026 SH   SOLE NONE 1,540,026 0 0
SEQUENTIAL BRANDS COM NEW 817340201 792 60,630 SH   SOLE NONE 60,630 0 0
SKULLCANDY INC COM NEW 83083J104 2,660 289,423 SH   SOLE NONE 289,423 0 0
SPORTSMANS WHSE COM NEW 84920Y106 2,042 279,000 SH   SOLE NONE 279,000 0 0
US CONCRETE INC COM NEW 90333L201 3,896 136,950 SH   SOLE NONE 136,950 0 0
VOLT INFO SCIENCES COM NEW 928703107 10,308 960,647 SH   SOLE NONE 960,647 0 0
WAUSAU PAPER CORP COM NEW 943315101 2,958 260,129 SH   SOLE NONE 260,129 0 0