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
CHESAPEAKE ENERGY CORP COM 165167107 1,126 273,300 SH Put DFND   0 273,300 0
CONSTELLIUM NV CL A N22035104 1,461 281,530 SH   DFND   0 281,530 0
GLOBALSTAR INC NOTE 8.000% 4/0 378973AD3 2,006 819,494 PRN   DFND   0 819,494 0
GLOBALSTAR INC COM 378973408 17,507 11,909,265 SH   DFND   0 11,909,265 0
ISHARES TR IBOXX HI YD ETF 464288513 33,668 412,138 SH   DFND   0 412,138 0
NATIONSTAR MTG HLDGS INC COM 63861C109 6,773 684,100 SH Put DFND   0 684,100 0
OVERSEAS SHIPHOLDING GROUP I COM CL A 69036R301 4,334 2,305,297 SH   DFND   0 2,305,297 0
STAR BULK CARRIERS CORP SHS NEW Y8162K121 12,456 16,608,539 SH   DFND   0 16,608,539 0