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
ABSOLUTE SOFTWARE CORP COM 00386B109 2,108 191,801 SH   SOLE   191,801 0 0
ABSOLUTE SOFTWARE CORP COM 00386B109 24,122 2,194,863 SH   DFND 1 2,194,863 0 0
BRIGHTCOVE INC COM 10921T101 4,037 349,838 SH   SOLE   349,838 0 0
BRIGHTCOVE INC COM 10921T101 48,446 4,198,051 SH   DFND 1 4,198,051 0 0
FREQUENCY ELECTRS INC COM 358010106 2,805 271,504 SH   SOLE   271,504 0 0
FREQUENCY ELECTRS INC COM 358010106 16,268 1,574,869 SH   DFND 1 1,574,869 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 34,522 926,762 SH   DFND 1 926,762 0 0
HAYNES INTERNATIONAL INC COM NEW 420877201 3,205 86,030 SH   SOLE   86,030 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 1,757 144,252 SH   SOLE   144,252 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 21,092 1,731,710 SH   DFND 1 1,731,710 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 10,810 30,200 SH Put SOLE   30,200 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 124,498 347,800 SH Put DFND 1 347,800 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 132,591 1,018,600 SH Call DFND 1 1,018,600 0 0
ISHARES TR 3 7 YR TREAS BD 464288661 11,533 88,600 SH Call SOLE   88,600 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 52,898 459,100 SH Call DFND 1 459,100 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 4,597 39,900 SH Call SOLE   39,900 0 0
ISHARES TR IBOXX HI YD ETF 464288513 65,600 749,800 SH Put DFND 1 749,800 0 0
ISHARES TR IBOXX HI YD ETF 464288513 5,704 65,200 SH Put SOLE   65,200 0 0
ISHARES TR IBOXX INV CP ETF 464287242 39,776 299,000 SH Put DFND 1 299,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 3,459 26,000 SH Put SOLE   26,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 10,765 138,000 SH Put DFND 1 138,000 0 0
ISHARES TR MSCI EAFE ETF 464287465 936 12,000 SH Put SOLE   12,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 53,463 244,400 SH Put DFND 1 244,400 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 4,616 21,100 SH Put SOLE   21,100 0 0
MAGNITE INC COM 55955D100 3,710 132,500 SH   SOLE   132,500 0 0
MAGNITE INC COM 55955D100 41,640 1,487,145 SH   DFND 1 1,487,145 0 0
MARCHEX INC CL B 56624R108 3,947 1,322,338 SH   SOLE   1,322,338 0 0
MARCHEX INC CL B 56624R108 36,958 12,381,170 SH   DFND 1 12,381,170 0 0
MIX TELEMATICS LTD SPONSORED ADR 60688N102 1,741 141,467 SH   SOLE   141,467 0 0
MIX TELEMATICS LTD SPONSORED ADR 60688N102 16,233 1,318,659 SH   DFND 1 1,318,659 0 0
PHX MINERALS INC CL A 69291A100 1,168 381,637 SH   SOLE   381,637 0 0
PHX MINERALS INC CL A 69291A100 13,930 4,552,309 SH   DFND 1 4,552,309 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 12,382 69,000 SH Put DFND 1 69,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 1,077 6,000 SH Put SOLE   6,000 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 6,869 46,000 SH Put DFND 1 46,000 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 597 4,000 SH Put SOLE   4,000 0 0
SERVICESOURCE INTL INC COM 81763U100 2,475 1,832,997 SH   SOLE   1,832,997 0 0
SERVICESOURCE INTL INC COM 81763U100 23,922 17,719,804 SH   DFND 1 17,719,804 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 10,256 23,900 SH Put SOLE   23,900 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 117,842 274,600 SH Put DFND 1 274,600 0 0
SPDR SER TR S&P RETAIL ETF 78464A714 3,739 41,400 SH Put DFND 1 41,400 0 0
SPDR SER TR S&P RETAIL ETF 78464A714 325 3,600 SH Put SOLE   3,600 0 0
TOWNSQUARE MEDIA INC CL A 892231101 255 19,502 SH   SOLE   19,502 0 0
TOWNSQUARE MEDIA INC CL A 892231101 2,988 228,650 SH   DFND 1 228,650 0 0
TUFIN SOFTWARE TECHNOLOGIE SHS M8893U102 108 10,966 SH   SOLE   10,966 0 0
TUFIN SOFTWARE TECHNOLOGIE SHS M8893U102 1,259 128,055 SH   DFND 1 128,055 0 0