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
AERCAP HOLDINGS NV COMM N00985106 4,037 104,000 SH   SOLE   104,000 0 0
AERCAP HOLDINGS NV COMM N00985106 194 5,000 SH Call SOLE   5,000 0 0
AK STEEL HOLDING CORP COMM 001547108 178 30,000 SH Call SOLE   30,000 0 0
AK STEEL HOLDING CORP COMM 001547108 134 22,500 SH Call SOLE   22,500 0 0
AK STEEL HOLDING CORP COMM 001547108 2,732 460,000 SH   SOLE   460,000 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 2,752 81,453 SH   SOLE   81,453 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 1,014 30,000 SH Call SOLE   30,000 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 1,517 44,900 SH Call SOLE   44,900 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 169 5,000 SH Call SOLE   5,000 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 507 15,000 SH Call SOLE   15,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 7,374 137,500 SH Call SOLE   137,500 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 2,145 40,000 SH Call SOLE   40,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 5,363 100,000 SH   SOLE   100,000 0 0
AMERICAN AXLE & MFG HOLDINGS COMM 024061103 3,389 150,000 SH Call SOLE   150,000 0 0
BALTIC TRADING LTD COMM Y0553W103 75 30,000 SH   SOLE   30,000 0 0
BANK OF AMERICA CORP COMM 060505104 895 50,000 SH Call SOLE   50,000 0 0
BLUELINX HOLDINGS INC COMM 09624H109 1,204 1,037,912 SH   SOLE   1,037,912 0 0
CHINA MING YANG WIND POW-ADS ADRS 16951C108 1,095 500,000 SH   SOLE   500,000 0 0
CHINA XD PLASTICS CO LTD COMM 16948F107 440 81,000 SH   SOLE   81,000 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 1,870 80,180 SH   SOLE   80,180 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 3,498 150,000 SH Call SOLE   150,000 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 1,807 77,500 SH Call SOLE   77,500 0 0
COMMERCIAL VEHICLE GROUP INC COMM 202608105 1,775 266,461 SH   SOLE   266,461 0 0
DANAOS CORP COMM Y1968P105 1,145 209,320 SH   SOLE   209,320 0 0
GT ADVANCED TECHNOLOGIES INC COMM 36191U106 43 130,000 SH Call SOLE   130,000 0 0
GT ADVANCED TECHNOLOGIES INC CONV 36191U106 3,000 3,000,000 PRN   SOLE   3,000,000 0 0
GT ADVANCED TECHNOLOGIES INC CONV 36191U106 2,000 2,000,000 PRN   SOLE   2,000,000 0 0
HERCULES OFFSHORE INC COMM 427093109 5 5,000 SH   SOLE   5,000 0 0
HERCULES OFFSHORE INC COMM 427093109 75 75,000 SH Call SOLE   75,000 0 0
HERCULES OFFSHORE INC COMM 427093109 50 50,000 SH Call SOLE   50,000 0 0
HOVNANIAN ENTERPRISES-A COMM 442487203 83 20,000 SH   SOLE   20,000 0 0
JINKOSOLAR HOLDING CO-ADR COMM 47759T100 197 10,000 SH Call SOLE   10,000 0 0
JINKOSOLAR HOLDING CO-ADR COMM 47759T100 2,365 120,000 SH Call SOLE   120,000 0 0
KEMET CORP COMM 488360207 1,523 362,500 SH Call SOLE   362,500 0 0
KEMET CORP COMM 488360207 84 20,000 SH Call SOLE   20,000 0 0
KEMET CORP COMM 488360207 5,670 1,350,000 SH   SOLE   1,350,000 0 0
LMI AEROSPACE INC COMM 502079106 677 48,000 SH   SOLE   48,000 0 0
MANNKIND CORP COMM 56400P201 2,608 500,000 SH   SOLE   500,000 0 0
MANNKIND CORP COMM 56400P201 522 100,000 SH Call SOLE   100,000 0 0
MANNKIND CORP COMM 56400P201 939 180,000 SH Call SOLE   180,000 0 0
MANNKIND CORP COMM 56400P201 3,318 636,300 SH Call SOLE   636,300 0 0
MANNKIND CORP COMM 56400P201 626 120,000 SH Call SOLE   120,000 0 0
MANNKIND CORP COMM 56400P201 495 95,000 SH Call SOLE   95,000 0 0
MANNKIND CORP COMM 56400P201 469 90,000 SH Call SOLE   90,000 0 0
MANNKIND CORP COMM 56400P201 365 70,000 SH Call SOLE   70,000 0 0
MANNKIND CORP COMM 56400P201 522 100,000 SH Call SOLE   100,000 0 0
MANNKIND CORP COMM 56400P201 136 26,000 SH Call SOLE   26,000 0 0
MANNKIND CORP WRNT 56400P201 808 155,000 SH   SOLE   155,000 0 0
MGIC INVESTMENT CORP - WISC COMM 552848103 140 15,000 SH   SOLE   15,000 0 0
MGIC INVESTMENT CORP - WISC COMM 552848103 1,351 145,000 SH Call SOLE   145,000 0 0
MGIC INVESTMENT CORP - WISC COMM 552848103 839 90,000 SH Call SOLE   90,000 0 0
MOTORCAR PARTS OF AMERICA IN COMM 620071100 2,860 92,000 SH   SOLE   92,000 0 0
NAVIOS MARITIME ACQUISITION COMM Y62159101 472 130,000 SH   SOLE   130,000 0 0
NETLIST INC COMM 64118P109 15 20,020 SH   SOLE   20,020 0 0
OCLARO INC COMM 67555N206 149 83,715 SH   SOLE   83,715 0 0
OCWEN FINANCIAL CORP COMM 675746309 1,107 73,308 SH   SOLE   73,308 0 0
OCWEN FINANCIAL CORP COMM 675746309 735 48,700 SH Call SOLE   48,700 0 0
OCWEN FINANCIAL CORP COMM 675746309 2,039 135,000 SH Call SOLE   135,000 0 0
OCWEN FINANCIAL CORP COMM 675746309 38 2,500 SH Call SOLE   2,500 0 0
RADIAN GROUP INC COMM 750236101 2,508 150,000 SH   SOLE   150,000 0 0
RADIAN GROUP INC COMM 750236101 167 10,000 SH Call SOLE   10,000 0 0
RADIAN GROUP INC COMM 750236101 4,180 250,000 SH Call SOLE   250,000 0 0
RCS CAPITAL CORPORATION COMM 74937W102 61 5,000 SH Call SOLE   5,000 0 0
RCS CAPITAL CORPORATION COMM 74937W102 1,830 149,500 SH Call SOLE   149,500 0 0
RCS CAPITAL CORPORATION COMM 74937W102 2,948 240,830 SH   SOLE   240,830 0 0
SECOND SIGHT MEDICAL PRODUCT COMM 81362J100 156 15,193 SH   SOLE   15,193 0 0
TRINA SOLAR LTD-SPON ADR COMM 89628E104 1,852 200,000 SH Call SOLE   200,000 0 0
ULTRAPETROL (BAHAMAS) LTD COMM P94398107 3,467 1,620,124 SH   SOLE   1,620,124 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 6,020 90,000 SH Call SOLE   90,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 669 10,000 SH Call SOLE   10,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 4,682 70,000 SH   SOLE   70,000 0 0
VALEANT PHARMACEUTICALS INTE COMM 91911K102 2,576 18,000 SH Call SOLE   18,000 0 0
VERSO CORP COMM 92531L108 2,216 645,964 SH   SOLE   645,964 0 0
VERSO CORP COMM 92531L108 1,887 550,000 SH   SOLE   550,000 0 0
WTS ATRINSIC INC SER A EXP 05/31/16 WRNT ATRNWA 0 94,828 SH   SOLE   94,828 0 0
WTS ATRINSIC INC SER C EXP 05/31/16 WRNT ATRNWC 0 45,043 SH   SOLE   45,043 0 0
XERIUM TECHNOLOGIES INC COMM 98416J118 4,892 310,000 SH   SOLE   310,000 0 0
XUEDA EDUCATION GROUP-ADR ADRS 98418W109 308 128,765 SH   SOLE   128,765 0 0
YRC WORLDWIDE INC COMM 984249607 4,541 201,900 SH   SOLE   201,900 0 0
YRC WORLDWIDE INC COMM 984249607 394 17,500 SH Call SOLE   17,500 0 0
YRC WORLDWIDE INC COMM 984249607 562 25,000 SH Call SOLE   25,000 0 0
YRC WORLDWIDE INC COMM 984249607 450 20,000 SH Call SOLE   20,000 0 0
YRC WORLDWIDE INC COMM 984249607 675 30,000 SH Call SOLE   30,000 0 0
YRC WORLDWIDE INC COMM 984249607 5,411 240,600 SH Call SOLE   240,600 0 0
YRC WORLDWIDE INC COMM 984249607 396 17,600 SH Call SOLE   17,600 0 0