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 3,828 4,000,000 PRN   SOLE   4,000,000 0 0
INVACARE CORP NOTE 5.000% 2/1 461203AF8 6,272 6,225,000 PRN   SOLE   6,225,000 0 0
ALON USA PARTNERS LP UT LTD UT LTDPART INT 02052T109 1,700 185,569 SH   SOLE   185,569 0 0
BG STAFFING INC COM 05544A109 296 20,668 SH   SOLE   20,668 0 0
CITIGROUP INC COM 172967424 538 9,000 SH   SOLE   9,000 0 0
CAREER EDUCATION CORP COM 141665109 2,395 275,256 SH   SOLE   275,256 0 0
CF CORP SHS CL A ADDED G20307107 282 28,200 SH   SOLE   28,200 0 0
CASELLA WASTE SYS INC CL A CL A 147448104 955 67,666 SH   SOLE   67,666 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 3,183 146,150 SH   SOLE   146,150 0 0
FIRST NORTHWEST BANCORP COM 335834107 467 30,145 SH   SOLE   30,145 0 0
FIESTA RESTAURANT GROUP INC COM 31660B101 1,858 76,788 SH   SOLE   76,788 0 0
FS BANCORP INC COM COM 30263Y104 646 17,300 SH   SOLE   17,300 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 4,524 135,361 SH   SOLE   135,361 0 0
HORIZON BANCORP IND COM 440407104 1,027 39,169 SH   SOLE   39,169 0 0
HOPFED BANCORP INC COM 439734104 96 6,700 SH   SOLE   6,700 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 2,607 75,100 SH   SOLE   75,100 0 0
J ALEXANDERS HLDGS INC COM 46609J106 1,751 174,202 SH   SOLE   174,202 0 0
JAMBA INC COM 47023A309 1,936 213,972 SH   SOLE   213,972 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 3,866 98,121 SH   SOLE   98,121 0 0
MARCUS CORP COM 566330106 2,315 72,112 SH   SOLE   72,112 0 0
MODEL N INC COM 607525102 980 93,776 SH   SOLE   93,776 0 0
MARLIN BUSINESS SVCS CORP COM 571157106 4,423 171,756 SH   SOLE   171,756 0 0
NORTHEAST BANCORP COM NEW 663904209 1,030 67,270 SH   SOLE   67,270 0 0
OFS CAP CORP COM 67103B100 6,858 483,274 SH   SOLE   483,274 0 0
OLD POINT FINL CORP COM 680194107 1,160 38,461 SH   SOLE   38,461 0 0
POAGE BANKSHARES INC COM 730206109 730 37,419 SH   SOLE   37,419 0 0
PEOPLES FINL CORP MISS COM 71103B102 147 9,741 SH   SOLE   9,741 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 527 26,999 SH   SOLE   26,999 0 0
QUALITY CARE PPTYS INC COM COM 747545101 7 400 SH   SOLE   400 0 0
SOUND FINL BANCORP INC COM 83607A100 386 12,160 SH   SOLE   12,160 0 0
SUPPORT COM INC COM 86858W200 239 108,907 SH   SOLE   108,907 0 0
TURNING PT BRANDS INC COM 90041L105 750 48,090 SH   SOLE   48,090 0 0
POWERSHS DB US DOLLAR INDEX DOLL INDX BULL 73936D107 3,765 145,100 SH   SOLE   145,100 0 0
WOLVERINE BANCORP INC COM 977880103 472 14,500 SH   SOLE   14,500 0 0
WCF BANCORP INC COM 92940L103 161 16,005 SH   SOLE   16,005 0 0
WORLD PT TERMS LP UNIT REP LTD PT 98159G107 1,142 70,212 SH   SOLE   70,212 0 0
WELLS FARGO & CO COM 949746101 923 16,577 SH   SOLE   16,577 0 0
XERIUM TECHNOLOGIES INC COM 98416J118 149 23,315 SH   SOLE   23,315 0 0
BANC OF CALIFORNIA INC PUT COM 05990k956 51 1,369 SH Put SOLE   1,369 0 0
WELLS FARGO & CO W EXP 10/28/201 949746119 102 4,585 SH   SOLE   4,585 0 0