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
CAESARS ENTERTAINMENT CORPORATION COM 127686103 644 55,249 SH   SOLE 1 55,249 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 315 124,986 SH   SOLE 1 124,986 0 0
ING SPDR BLOOMBERG BARCLAYS LONG TERM ET PORTFOLIO LN COR 78464A367 6,299 209,350 SH   SOLE   209,350 0 0
ISHARES CORE INTL AGGREGATE BND ET CORE INTL AGGR 46435G672 16,168 289,800 SH   SOLE   289,800 0 0
ISHARES CORE S&P TOTAL U.S. STOCK CORE S&P TTL STK 464287150 3,099 46,200 SH   SOLE   46,200 0 0
ISHARES CORE US AGGREGATE BOND ETF CORE US AGGBD ET 464287226 3,271 28,900 SH   SOLE   28,900 0 0
ISHARES IBOXX INVESTMENT GRADE IBOXX INV CP ETF 464287242 20,868 163,700 SH   SOLE   163,700 0 0
ISHARES INTERMEDIATE TERM CO INTRM TR CRP ETF 464288638 22,123 381,958 SH   SOLE 1 381,958 0 0
ISHARES LONG TERM CORPORATE ETF LNG TR CRPRT BD 464289511 21,723 326,029 SH   SOLE 1 326,029 0 0
ISHARES LONG TERM CORPORATE ETF LNG TR CRPRT BD 464289511 19,922 299,000 SH   SOLE   299,000 0 0
ISHARES MSCI ACWI ETF MSCI ACWI ETF 464288257 8,267 112,100 SH   SOLE   112,100 0 0
ISHARES MSCI TOTAL INTL STOCK ETF CORE MSCI TOTAL 46432F834 1,912 33,100 SH   SOLE   33,100 0 0
ISHARES SHORT TERM CORPORATE ETF SH TR CRPORT ETF 464288646 4,153 77,386 SH   SOLE 1 77,386 0 0
PACIFIC DRILLING SA COM L7257P205 585 149,735 SH   SOLE 1 149,735 0 0
SCHWAB US AGGREGATE BOND ETF US AGGREGATE B 808524839 3,269 60,700 SH   SOLE   60,700 0 0
SCHWAB US BROAD MARKET ETF US BRD MKT ETF 808524102 3,104 43,700 SH   SOLE   43,700 0 0
SPDR PORTFOLIO AGGREGATE BOND ETF PORTFOLIO AGRGTE 78464A649 3,275 110,500 SH   SOLE   110,500 0 0
THE INTERPUBLIC GROUP OF COMPANIES COM 460690100 164 7,584 SH   SOLE   7,584 0 0
TIDEWATER INC COM 88642R109 14,666 970,612 SH   SOLE   970,612 0 0
TRANSOCEAN LTD REG SHS H8817H100 779 174,307 SH   SOLE 1 174,307 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,102 246,531 SH   SOLE   246,531 0 0
VANGUARD FTSE ALL-WORLD EX-US INDE ALLWRLD EX US 922042775 2,849 57,100 SH   SOLE   57,100 0 0
VANGUARD INTERMEDIATE TERM CORPORA INT-TERM CORP 92206C870 10,383 113,800 SH   SOLE   113,800 0 0
VANGUARD LONG TERM BOND INDEX FUND LONG TERM BOND 921937793 10,472 102,000 SH   SOLE   102,000 0 0
VANGUARD LONG TERM CORPORATE BOND LG-TERM COR BD 92206C813 36,643 362,300 SH   SOLE   362,300 0 0
VANGUARD TOTAL BOND MARKET INDEX F TOTAL BND MRKT 921937835 3,276 38,800 SH   SOLE   38,800 0 0
VANGUARD TOTAL INTERNATIONAL BOND INTL BD IDX ETF 92203J407 4,042 68,700 SH   SOLE   68,700 0 0
VANGUARD TOTAL WORLD STOCK INDEX F TT WRLD ST ETF 922042742 8,223 109,900 SH   SOLE   109,900 0 0