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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AK STL HLDG CORPCOM00154710813628,100SHCallSOLE 28,10000
AMERICAN AXLE & MFG HLDGS INCOM0240611035,954345,749SH SOLE 345,74900
CONSTELLIUM NVCL AN2203510414,5062,014,655SH SOLE 2,014,65500
DEUTSCHE BANK AGNAMEN AKTD1819089821,8671,670,500SHPutSOLE 1,670,50000
GLOBALSTAR INCCOM3789734085,2924,373,644SH SOLE 4,373,64400
HC2 HLDGS INCCOM40413910712,2912,255,239SH SOLE 2,255,23900
NOVATEL WIRELESS INCNOTE 5.500% 6/166987MAE911,55011,500,000PRN SOLE 11,500,00000
NRG YIELD INCCL C62942X4054,504265,590SH SOLE 265,59000
PENN NATL GAMING INCCOM7075691095,850431,100SH SOLE 431,10000
SCIENTIFIC GAMES CORPCL A80874P109343,000SHCallSOLE 3,00000
SCIENTIFIC GAMES CORPCL A80874P1096,939615,710SH SOLE 615,71000
TERRAFORM PWR INCCL A COM88104R10010,254737,200SHCallSOLE 737,20000
TERRAFORM PWR INCCL A COM88104R10028,7782,068,885SH SOLE 2,068,88500
VIACOM INC NEWCL B92553P20158,0451,523,500SHCallSOLE 1,523,50000
YAHOO INCCOM98433210628,965672,050SH SOLE 672,05000