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 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
ASB BANCORP INC N C COM 00213T109 538 20,539 SH   SOLE   20,539 0 0
BLUE BIRD CORP COM 095306106 10,227 700,000 SH   SOLE   700,000 0 0
BIOSTAGE INC COM 09074M103 284 265,018 SH   SOLE   265,018 0 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 9,570 580,000 SH   SOLE   580,000 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 1,339 105,000 SH   SOLE   105,000 0 0
ITRON INC COM 465741106 7,328 131,429 SH   SOLE   131,429 0 0
MCKESSON CORP COM 58155Q103 4,169 25,000 SH   SOLE   25,000 0 0
ORBITAL ATK INC COM 68557N103 2,744 36,000 SH   SOLE   36,000 0 0
SOUND FINL BANCORP INC COM 83607A100 576 23,640 SH   SOLE   23,640 0 0
SPARTON CORP COM 847235108 13,130 500,000 SH   SOLE   500,000 0 0
SPARTON CORP COM 847235108 5,515 210,000 SH Call SOLE   210,000 0 0
SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 7,126 160,000 SH   SOLE   160,000 0 0
VOYA FINL INC COM 929089100 10,663 370,000 SH   SOLE   370,000 0 0
WOLVERINE BANCORP INC COM 977880103 624 23,128 SH   SOLE   23,128 0 0