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
HERBALIFE LTD NOTE 2.000% 8/1 42703MAB9 2,739 3,000,000 PRN   SOLE   3,000,000 0 0
ALON USA PARTNERS LP UT LTD UT LTDPART INT 02052T109 1,781 185,569 SH   SOLE   185,569 0 0
BRIDGEPOINT ED INC COM COM 10807M105 269 26,600 SH   SOLE   26,600 0 0
CITIGROUP INC COM NEW 172967424 535 9,000 SH   SOLE   9,000 0 0
CAREER EDUCATION CORP COM 141665109 1,826 180,956 SH   SOLE   180,956 0 0
CF CORP SHS CL A ADDED G20307107 280 28,200 SH   SOLE   28,200 0 0
CASELLA WASTE SYS INC CL A CL A 147448104 1,887 152,071 SH   SOLE   152,071 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 3,567 171,150 SH   SOLE   171,150 0 0
FIESTA RESTAURANT GROUP INC COM 31660B101 1,482 49,662 SH   SOLE   49,662 0 0
FS BANCORP INC COM COM 30263Y104 622 17,300 SH   SOLE   17,300 0 0
HORIZON BANCORP IND COM 440407104 1,097 39,169 SH   SOLE   39,169 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 2,742 75,100 SH   SOLE   75,100 0 0
INTEGER HLDGS CORP COM ADDED 45826H109 1,054 35,781 SH   SOLE   35,781 0 0
J ALEXANDERS HLDGS INC COM 46609J106 71 6,644 SH   SOLE   6,644 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 3,962 96,521 SH   SOLE   96,521 0 0
MARCUS CORP COM 566330106 2,285 72,538 SH   SOLE   72,538 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 3,607 172,590 SH   SOLE   172,590 0 0
NORTHEAST BANCORP COM NEW 663904209 881 67,270 SH   SOLE   67,270 0 0
ENPRO INDS INC COM 29355X107 550 8,169 SH   SOLE   8,169 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 188 2,975 SH   SOLE   2,975 0 0
OFS CAP CORP COM 67103B100 4,916 357,274 SH   SOLE   357,274 0 0
OLD POINT FINL CORP COM 680194107 962 38,461 SH   SOLE   38,461 0 0
POAGE BANKSHARES INC COM 730206109 703 37,419 SH   SOLE   37,419 0 0
PEOPLES FINL CORP MISS COM 71103B102 157 9,741 SH   SOLE   9,741 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 3,783 260,899 SH   SOLE   260,899 0 0
PERFORMANCE SPORTS GROUP LTD COM 71377G100 148 99,000 SH   SOLE   99,000 0 0
SOUND FINL BANCORP INC COM 83607A100 340 12,160 SH   SOLE   12,160 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 3,839 145,100 SH   SOLE   145,100 0 0
WOLVERINE BANCORP INC COM 977880103 458 14,500 SH   SOLE   14,500 0 0
WORLD PT TERMS LP UNIT REP LTD PT 98159G107 375 22,637 SH   SOLE   22,637 0 0
SPDR S&P 500 ETF TR PUT 78462F953 25 159 SH Put SOLE   159 0 0
WELLS FARGO & CO NEW W EXP 10/28/201 949746119 140 6,585 SH   SOLE   6,585 0 0