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
AMERICAN AIRLS GROUP INC COM 02376R102 10,525 287,571 SH   SOLE NONE 287,571 0 0
ALLISON TRANSMISSION HLDGS I COM 01973R101 13,244 442,338 SH   SOLE NONE 442,338 0 0
AMBAC FINL GROUP INC COM NEW 023139884 13,366 430,751 SH   SOLE NONE 430,751 0 0
EQUINIX INC COM NEW 29444U502 7,317 39,585 SH   SOLE NONE 39,585 0 0
ERA GROUP INC COM 26885G109 24,026 819,734 SH   SOLE NONE 819,734 0 0
FTD COS INC COM 30281V108 12,222 384,234 SH   SOLE NONE 384,234 0 0
GRACE W R & CO DEL NEW COM 38388F108 6,688 67,435 SH   SOLE NONE 67,435 0 0
GASTAR EXPL INC NEW COM 36729W202 3,596 657,321 SH   SOLE NONE 657,321 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 8,703 333,059 SH   SOLE NONE 333,059 0 0
CHART INDS INC COM PAR $0.01 16115Q308 8,740 110,000 SH   SOLE NONE 110,000 0 0
GENCORP INC COM 368682100 19,046 1,042,463 SH   SOLE NONE 1,042,463 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 12,497 306,975 SH   SOLE NONE 306,975 0 0
LIBERTY INTERACTIVE CORP INT COM SER A 53071M104 12,940 448,221 SH   SOLE NONE 448,221 0 0
MICRON TECHNOLOGY INC COM 595112103 14,662 619,699 SH   SOLE NONE 619,699 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 3,356 129,085 SH   SOLE NONE 129,085 0 0
OCWEN FINL CORP COM NEW 675746309 10,152 259,128 SH   SOLE NONE 259,128 0 0
REALD INC COM 75604L105 3,777 338,128 SH   SOLE NONE 338,128 0 0
SEMGROUP CORP CL A 81663A105 11,049 168,225 SH   SOLE NONE 168,225 0 0
SUNEDISON INC COM 86732Y109 6,425 341,030 SH   SOLE NONE 341,030 0 0