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
AWARE INC MASS COM 05453N100 6,799 2,029,450 SH   DFND 1 2,029,450 0 0
BLUEKNIGHT ENERGY PARTNERS L COM UNIT 09625U109 15,930 2,819,428 SH   DFND 1 2,819,428 0 0
CATALYST BIOSCIENCES INC COM 14888D109 1,192 255,819 SH   DFND 1 255,819 0 0
COMMUNICATIONS SALES&LEAS IN COM 20341J104 2,838 158,550 SH   DFND 1 158,550 0 0
COMMUNITY HEALTHCARE TR INC COM 20369C106 10,748 675,945 SH   DFND 1 675,945 0 0
HC2 HLDGS INC COM 404139107 5,114 729,483 SH   DFND 1 729,483 0 0
ISHARES TR U.S. REAL ES ETF 464287739 1,063 500,000 SH Put DFND 1 500,000 0 0
JOURNAL MEDIA GROUP INC COM 48114A109 932 124,297 SH   DFND 1 124,297 0 0
KCAP FINL INC COM 48668E101 5,097 1,130,127 SH   DFND 1 1,130,127 0 0
KOPPERS HOLDINGS INC COM 50060P106 7,077 350,851 SH   DFND 1 350,851 0 0
LUMOS NETWORKS CORP COM 550283105 7,249 596,173 SH   DFND 1 596,173 0 0
MVC CAPITAL INC COM 553829102 6,902 840,684 SH   DFND 1 840,684 0 0
PERNIX THERAPEUTICS HLDGS IN COM 71426V108 2,199 695,808 SH   DFND 1 695,808 0 0
SALEM MEDIA GROUP INC CL A 794093104 1,666 272,266 SH   DFND 1 272,266 0 0
SYNERGETICS USA INC COM 87160G107 5,585 850,000 SH   DFND 1 850,000 0 0
WESTMORELAND COAL CO COM 960878106 5,569 395,261 SH   DFND 1 395,261 0 0