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
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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
Avid Technology, Inc. COM 05367P100 35,439 2,493,956 SH   SOLE   2,493,956 0 0
ClubCorp Holdings, Inc. COM 18948M108 14,064 784,366 SH   SOLE   784,366 0 0
Dave & Buster's Entertainment, Inc. COM 238337109 9,855 361,000 SH   SOLE   361,000 0 0
Express Inc. COM 30219E103 18,674 1,271,225 SH   SOLE   1,271,225 0 0
Imperial Holdings, Inc. COM 452834104 13,698 2,100,876 SH   SOLE   2,100,876 0 0
Life Time Fitness Inc. COM 53217R207 14,571 257,355 SH   SOLE   257,355 0 0
OHA Investment Corp. COM 67091U102 2,871 612,125 SH   SOLE   612,125 0 0
Pendrell Corp. COM 70686R104 8,663 6,277,651 SH   SOLE   6,277,651 0 0
State National Companies Inc. COM 85711T305 27,827 2,322,796 SH   SOLE   2,322,796 0 0
SunCoke Energy, Inc. COM 86722A103 34,787 1,798,705 SH   SOLE   1,798,705 0 0
Tribune Media Company CL A 896047503 18,588 311,000 SH   SOLE   311,000 0 0
Unwired Planet, Inc. COM 91531F103 12,069 12,068,780 SH   SOLE   12,068,780 0 0
Winthrop Realty Trust SH BEN INT NEW 976391300 16,880 1,082,723 SH   SOLE   1,082,723 0 0
Yahoo Inc. COM 984332106 43,307 857,400 SH   SOLE   857,400 0 0
BPZ Resources, Inc. MTNF 6.500% 3/0 055639AB4 7,053 13,000,000 PRN   SOLE   13,000,000 0 0
BPZ Resources, Inc. NOTE 8.500% 10/0 055639AC2 17,109 52,674,000 PRN   SOLE   52,674,000 0 0