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 218 5,000 SH Call SOLE   5,000 0 0
AERCAP HOLDINGS NV COMM N00985106 4,147 95,000 SH   SOLE   95,000 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 1,158 89,941 SH   SOLE   89,941 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 386 30,000 SH Call SOLE   30,000 0 0
ALTISOURCE PORTFOLIO SOL COMM L0175J104 193 15,000 SH Call SOLE   15,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 317 6,000 SH   SOLE   6,000 0 0
AMERICAN AIRLINES GROUP INC COMM 02376R102 5,278 100,000 SH Call SOLE   100,000 0 0
BLUELINX HOLDINGS INC COMM 09624H109 1,121 1,037,912 SH   SOLE   1,037,912 0 0
CHINA MING YANG WIND POW-ADS ADRS 16951C108 1,155 500,000 SH   SOLE   500,000 0 0
CHINA XD PLASTICS CO LTD COMM 16948F107 393 81,000 SH   SOLE   81,000 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 1,480 60,000 SH Call SOLE   60,000 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 1,977 80,180 SH   SOLE   80,180 0 0
CHIPMOS TECHNOLOGIES BERMUDA COMM G2110R114 3,916 158,800 SH Call SOLE   158,800 0 0
COMMERCIAL VEHICLE GROUP INC COMM 202608105 1,642 254,951 SH   SOLE   254,951 0 0
DANAOS CORP COMM Y1968P105 1,311 201,409 SH   SOLE   201,409 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
HOVNANIAN ENTERPRISES-A COMM 442487203 71 20,000 SH   SOLE   20,000 0 0
KEMET CORP COMM 488360207 1,501 362,500 SH Call SOLE   362,500 0 0
KEMET CORP COMM 488360207 832 201,000 SH Call SOLE   201,000 0 0
KEMET CORP COMM 488360207 5,589 1,350,000 SH   SOLE   1,350,000 0 0
MANNKIND CORP COMM 56400P201 520 100,000 SH Call SOLE   100,000 0 0
MANNKIND CORP COMM 56400P201 1,560 300,000 SH Call SOLE   300,000 0 0
MANNKIND CORP COMM 56400P201 520 100,000 SH Call SOLE   100,000 0 0
MANNKIND CORP COMM 56400P201 624 120,000 SH Call SOLE   120,000 0 0
MANNKIND CORP COMM 56400P201 1,041 200,100 SH Call SOLE   200,100 0 0
MANNKIND CORP COMM 56400P201 2,600 500,000 SH   SOLE   500,000 0 0
MANNKIND CORP COMM 56400P201 52 10,000 SH Call SOLE   10,000 0 0
MANNKIND CORP COMM 56400P201 52 10,000 SH Call SOLE   10,000 0 0
MANNKIND CORP COMM 56400P201 468 90,000 SH Call SOLE   90,000 0 0
MANNKIND CORP COMM 56400P201 2,034 391,200 SH Call SOLE   391,200 0 0
MANNKIND CORP WRNT 56400P201 801 154,000 SH   SOLE   154,000 0 0
MOTORCAR PARTS OF AMERICA IN COMM 620071100 2,557 92,000 SH   SOLE   92,000 0 0
OCWEN FINANCIAL CORP COMM 675746309 969 117,500 SH Call SOLE   117,500 0 0
OCWEN FINANCIAL CORP COMM 675746309 402 48,700 SH Call SOLE   48,700 0 0
OCWEN FINANCIAL CORP COMM 675746309 846 102,500 SH   SOLE   102,500 0 0
RCS CAPITAL CORPORATION COMM 74937W102 2,562 240,830 SH   SOLE   240,830 0 0
RCS CAPITAL CORPORATION COMM 74937W102 1,591 149,500 SH Call SOLE   149,500 0 0
RCS CAPITAL CORPORATION COMM 74937W102 53 5,000 SH Call SOLE   5,000 0 0
ULTRAPETROL (BAHAMAS) LTD COMM P94398107 2,320 1,600,240 SH   SOLE   1,600,240 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 2,018 30,000 SH Call SOLE   30,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 5,044 75,000 SH Call SOLE   75,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 2,354 35,000 SH Call SOLE   35,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 1,345 20,000 SH Call SOLE   20,000 0 0
UNITED CONTINENTAL HOLDINGS COMM 910047109 1,976 29,378 SH   SOLE   29,378 0 0
VERSO CORP COMM 92531L108 99 55,000 SH Call SOLE   55,000 0 0
VERSO CORP COMM 92531L108 207 115,000 SH Call SOLE   115,000 0 0
VERSO CORP COMM 92531L108 108 60,000 SH Call SOLE   60,000 0 0
VERSO CORP COMM 92531L108 2,205 1,225,000 SH   SOLE   1,225,000 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 4,876 300,591 SH   SOLE   300,591 0 0
XUEDA EDUCATION GROUP-ADR ADRS 98418W109 57 20,951 SH   SOLE   20,951 0 0
YRC WORLDWIDE INC COMM 984249607 970 54,000 SH Call SOLE   54,000 0 0
YRC WORLDWIDE INC COMM 984249607 4,089 227,650 SH   SOLE   227,650 0 0
YRC WORLDWIDE INC COMM 984249607 1,706 95,000 SH Call SOLE   95,000 0 0