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
ACTAVIS PLC SHS G0083B108 36,584 217,763 SH   DFND   217,763 0 0
AERCAP HOLDINGS NV SHS N00985106 2,171 56,600 SH Call DFND   56,600 0 0
AIR PRODS & CHEMS INC COM 009158106 14,531 130,000 SH   DFND   130,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 12,668 501,719 SH   DFND   501,719 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 20,185 395,387 SH   DFND   395,387 0 0
APPLE INC COM 037833100 36,079 64,309 SH   DFND   64,309 0 0
ASHLAND INC NEW COM 044209104 35,800 368,920 SH   DFND   368,920 0 0
ATMI INC COM 00207R101 10,146 335,842 SH   DFND   335,842 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 3,702 70,000 SH   DFND   70,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 17,677 1,135,300 SH   DFND   1,135,300 0 0
BARNES & NOBLE INC COM 067774109 29,769 1,991,238 SH   DFND   1,991,238 0 0
BRE PROPERTIES INC CL A 05564E106 3,994 73,008 SH   DFND   73,008 0 0
BRE PROPERTIES INC CL A 05564E106 5,471 100,000 SH Call DFND   100,000 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 897 50,000 SH   DFND   50,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208 44,301 1,027,396 SH   DFND   1,027,396 0 0
CITIGROUP INC COM NEW 172967424 63,803 1,224,386 SH   DFND   1,224,386 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 11,994 514,542 SH   DFND   514,542 0 0
DEVON ENERGY CORP NEW COM 25179M103 13,630 220,300 SH   DFND   220,300 0 0
DOMINION DIAMOND CORP COM 257287102 20,133 1,402,029 SH   DFND   1,402,029 0 0
DST SYS INC DEL COM 233326107 1,388 15,296 SH   DFND   15,296 0 0
EAGLE MATERIALS INC COM 26969P108 24,596 317,656 SH   DFND   317,656 0 0
EAGLE MATERIALS INC COM 26969P108 19,358 250,000 SH Call DFND   250,000 0 0
EBAY INC COM 278642103 3,292 60,000 SH   DFND   60,000 0 0
EBAY INC COM 278642103 54,865 1,000,000 SH Call DFND   1,000,000 0 0
ESSEX PPTY TR INC COM 297178105 14,879 103,679 SH   DFND   103,679 0 0
FACEBOOK INC CL A 30303M102 3,580 65,506 SH   DFND   65,506 0 0
FACEBOOK INC CL A 30303M102 33,942 621,100 SH Call DFND   621,100 0 0
FERRO CORP COM 315405100 15,523 1,209,928 SH   DFND   1,209,928 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 19,936 1,292,001 SH   DFND   1,292,001 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 16,351 856,064 SH   DFND   856,064 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 15,614 413,714 SH   DFND   413,714 0 0
GAMING & LEISURE PPTYS INC COM 36467J108 2,634 51,842 SH   DFND   51,842 0 0
GENCORP INC COM 368682100 19,014 1,055,164 SH   DFND   1,055,164 0 0
GENERAL MTRS CO COM 37045V100 33,861 828,500 SH   DFND   828,500 0 0
GEO GROUP INC COM 36159R103 19,629 609,209 SH   DFND   609,209 0 0
GIVEN IMAGING ORD SHS M52020100 4,776 158,790 SH   DFND   158,790 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 85,351 2,982,230 SH   DFND   2,982,230 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 42,930 1,500,000 SH Call DFND   1,500,000 0 0
HESS CORP COM 42809H107 13,728 165,395 SH   DFND   165,395 0 0
HILLSHIRE BRANDS CO COM 432589109 22,203 663,970 SH   DFND   663,970 0 0
HUNTSMAN CORP COM 447011107 13,728 558,066 SH   DFND   558,066 0 0
JOS A BANK CLOTHIERS INC COM 480838101 3,365 61,436 SH   DFND   61,436 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 1,368 336,944 SH   DFND   336,944 0 0
LAS VEGAS SANDS CORP COM 517834107 43,370 549,895 SH   DFND   549,895 0 0
LEAR CORP COM NEW 521865204 3,220 39,767 SH   DFND   39,767 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 18,689 232,800 SH   DFND   232,800 0 0
MASCO CORP COM 574599106 1,366 60,000 SH   DFND   60,000 0 0
MENS WEARHOUSE INC COM 587118100 29,096 569,613 SH   DFND   569,613 0 0
MGM RESORTS INTERNATIONAL COM 552953101 30,745 1,307,199 SH   DFND   1,307,199 0 0
MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 690 500,000 PRN   DFND   0 0 0
MICROSOFT CORP COM 594918104 1,457 38,943 SH   DFND   38,943 0 0
MICROSOFT CORP COM 594918104 37,410 1,000,000 SH Call DFND   1,000,000 0 0
NETAPP INC COM 64110D104 19,178 466,172 SH   DFND   466,172 0 0
NEWS CORP NEW CL A 65249B109 21,659 1,201,950 SH   DFND   1,201,950 0 0
NEWS CORP NEW CL B 65249B208 9,039 506,927 SH   DFND   506,927 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 21,821 1,435,592 SH   DFND   1,435,592 0 0
NUPATHE INC COM 67059M100 2,137 653,400 SH   DFND   653,400 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 9,829 664,104 SH   DFND   664,104 0 0
OFFICE DEPOT INC COM 676220106 41,367 7,819,780 SH   DFND   7,819,780 0 0
OFFICE DEPOT INC COM 676220106 10,580 2,000,000 SH Call DFND   2,000,000 0 0
ORACLE CORP COM 68389X105 16,261 425,000 SH   DFND   425,000 0 0
ORACLE CORP COM 68389X105 34,434 900,000 SH Call DFND   900,000 0 0
ORIENT- EXPRESS HOTELS LTD CL A G67743107 34,406 2,277,034 SH   DFND   2,277,034 0 0
OSHKOSH CORP COM 688239201 29,481 585,168 SH   DFND   585,168 0 0
OWENS CORNING NEW COM 690742101 42,615 1,046,545 SH   DFND   1,046,545 0 0
PENN NATL GAMING INC COM 707569109 3,304 230,542 SH   DFND   230,542 0 0
PENNEY J C INC COM 708160106 4,926 538,323 SH   DFND   538,323 0 0
PENNEY J C INC COM 708160106 4,575 500,000 SH Call DFND   500,000 0 0
PIONEER NAT RES CO COM 723787107 467 2,535 SH   DFND   2,535 0 0
QEP RES INC COM 74733V100 24,838 810,370 SH   DFND   810,370 0 0
REXNORD CORP NEW COM 76169B102 2,736 101,314 SH   DFND   101,314 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 30,705 734,918 SH   DFND   734,918 0 0
SAFEWAY INC COM NEW 786514208 9,934 305,000 SH   DFND   305,000 0 0
SANDRIDGE ENERGY INC COM 80007P307 2,996 493,641 SH   DFND   493,641 0 0
SANOFI RIGHT 12/31/2020 80105N113 1,716 5,046,954 SH   DFND   5,046,954 0 0
SOTHEBYS COM 835898107 27,744 521,497 SH   DFND   521,497 0 0
SPRINT CORP COM SER 1 85207U105 14,267 1,327,196 SH   DFND   1,327,196 0 0
TALISMAN ENERGY INC COM 87425E103 10,377 890,729 SH   DFND   890,729 0 0
TENNECO INC COM 880349105 9,690 171,299 SH   DFND   171,299 0 0
TEXAS INDS INC COM 882491103 17,036 247,691 SH   DFND   247,691 0 0
THERAVANCE INC COM 88338T104 100,820 2,828,059 SH   DFND   2,828,059 0 0
THERAVANCE INC COM 88338T104 7,130 200,000 SH Call DFND   200,000 0 0
TIBCO SOFTWARE INC COM 88632Q103 14,329 637,404 SH   DFND   637,404 0 0
TIME WARNER CABLE INC COM 88732J207 22,358 165,000 SH   DFND   165,000 0 0
TIME WARNER CABLE INC COM 88732J207 149,240 1,101,400 SH Call DFND   1,101,400 0 0
T-MOBILE US INC COM 872590104 22,021 654,600 SH   DFND   654,600 0 0
TOLL BROTHERS INC COM 889478103 35,267 953,160 SH   DFND   953,160 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 15,641 210,254 SH   DFND   210,254 0 0
U S G CORP COM NEW 903293405 20,424 719,665 SH   DFND   719,665 0 0
VIVUS INC COM 928551100 18,720 2,061,712 SH   DFND   2,061,712 0 0
VIVUS INC COM 928551100 11,350 1,250,000 SH Call DFND   1,250,000 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 56,194 1,429,500 SH   DFND   1,429,500 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 31,448 800,000 SH Call DFND   800,000 0 0
WYNN RESORTS LTD COM 983134107 28,313 145,785 SH   DFND   145,785 0 0