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 34,946 169,763 SH   DFND 1 169,763 0 0
AIR PRODS & CHEMS INC COM 009158106 14,761 124,000 SH   DFND 1 124,000 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 3,395 140,000 SH   DFND 1 140,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 92,383 2,524,115 SH   DFND 1 2,524,115 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 18,523 370,387 SH   DFND 1 370,387 0 0
APPLE INC COM 037833100 36,020 67,109 SH   DFND 1 67,109 0 0
ASHLAND INC NEW COM 044209104 43,259 434,847 SH   DFND 1 434,847 0 0
ASHLAND INC NEW COM 044209104 24,870 250,000 SH Call DFND 1 250,000 0 0
BANK OF AMERICA CORPORATION COM 060505104 16,345 950,300 SH   DFND 1 950,300 0 0
BARCLAYS PLC ADR 06738E204 17,219 1,096,734 SH   DFND 1 1,096,734 0 0
BARNES & NOBLE INC COM 067774109 41,350 1,978,483 SH   DFND 1 1,978,483 0 0
BAXTER INTL INC COM 071813109 8,830 120,000 SH   DFND 1 120,000 0 0
CARA THERAPEUTICS INC COM 140755109 2,984 160,320 SH   DFND 1 160,320 0 0
CELANESE CORP DEL COM SER A 150870103 4,592 82,725 SH   DFND 1 82,725 0 0
CHENIERE ENERGY INC COM NEW 16411R208 50,911 919,795 SH   DFND 1 919,795 0 0
CITIGROUP INC COM NEW 172967424 60,661 1,274,386 SH   DFND 1 1,274,386 0 0
CITIGROUP INC COM NEW 172967424 47,600 1,000,000 SH Call DFND 1 1,000,000 0 0
COMMONWEALTH REIT COM SH BEN INT 203233101 13,038 495,742 SH   DFND 1 495,742 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 17,612 392,864 SH   DFND 1 392,864 0 0
DEVON ENERGY CORP NEW COM 25179M103 17,422 260,300 SH   DFND 1 260,300 0 0
DOMINION DIAMOND CORP COM 257287102 18,815 1,402,029 SH   DFND 1 1,402,029 0 0
EAGLE MATERIALS INC COM 26969P108 28,510 321,566 SH   DFND 1 321,566 0 0
EAGLE MATERIALS INC COM 26969P108 22,165 250,000 SH Call DFND 1 250,000 0 0
EBAY INC COM 278642103 20,461 370,400 SH   DFND 1 370,400 0 0
EBAY INC COM 278642103 55,240 1,000,000 SH Call DFND 1 1,000,000 0 0
ENTEGRIS INC COM 29362U104 3,046 251,500 SH   DFND 1 251,500 0 0
FACEBOOK INC CL A 30303M102 17,265 286,606 SH   DFND 1 286,606 0 0
FERRO CORP COM 315405100 5,694 416,844 SH   DFND 1 416,844 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 20,545 1,317,001 SH   DFND 1 1,317,001 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 7,800 500,000 SH Call DFND 1 500,000 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 16,351 856,064 SH   DFND 1 856,064 0 0
FOREST LABS INC COM 345838106 39,139 424,181 SH   DFND 1 424,181 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 4,736 143,214 SH   DFND 1 143,214 0 0
GENCORP INC COM 368682100 25,506 1,396,049 SH   DFND 1 1,396,049 0 0
GENERAL MTRS CO COM 37045V100 43,318 1,258,500 SH   DFND 1 1,258,500 0 0
GENERAL MTRS CO COM 37045V100 34,420 1,000,000 SH Call DFND 1 1,000,000 0 0
GEO GROUP INC COM 36159R103 12,742 395,228 SH   DFND 1 395,228 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 9,223 155,355 SH   DFND 1 155,355 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 119,676 4,492,330 SH   DFND 1 4,492,330 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 26,640 1,000,000 SH Call DFND 1 1,000,000 0 0
HILLSHIRE BRANDS CO COM 432589109 24,740 663,970 SH   DFND 1 663,970 0 0
HUNTSMAN CORP COM 447011107 23,305 954,358 SH   DFND 1 954,358 0 0
JOS A BANK CLOTHIERS INC COM 480838101 54,905 853,893 SH   DFND 1 853,893 0 0
JOS A BANK CLOTHIERS INC COM 480838101 48,225 750,000 SH Call DFND 1 750,000 0 0
JUNIPER NETWORKS INC COM 48203R104 644 25,000 SH   DFND 1 25,000 0 0
JUNIPER NETWORKS INC COM 48203R104 25,760 1,000,000 SH Call DFND 1 1,000,000 0 0
KBR INC COM 48242W106 1,403 52,600 SH   DFND 1 52,600 0 0
KBR INC COM 48242W106 6,670 250,000 SH Call DFND 1 250,000 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 593 336,944 SH   DFND 1 336,944 0 0
LAS VEGAS SANDS CORP COM 517834107 31,002 383,780 SH   DFND 1 383,780 0 0
LAS VEGAS SANDS CORP COM 517834107 20,195 250,000 SH Call DFND 1 250,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 9,014 101,345 SH   DFND 1 101,345 0 0
MENS WEARHOUSE INC COM 587118100 28,899 590,013 SH   DFND 1 590,013 0 0
MERITAGE HOMES CORP COM 59001A102 5,654 135,000 SH   DFND 1 135,000 0 0
MGM RESORTS INTERNATIONAL COM 552953101 31,539 1,219,624 SH   DFND 1 1,219,624 0 0
MGM RESORTS INTERNATIONAL NOTE 4.250% 4/1 55303QAE0 739 500,000 PRN   DFND 1 0 0 500,000
MICROSOFT CORP COM 594918104 20,495 500,000 SH Call DFND 1 500,000 0 0
NETAPP INC COM 64110D104 14,911 404,103 SH   DFND 1 404,103 0 0
NEWS CORP NEW CL A 65249B109 20,570 1,194,531 SH   DFND 1 1,194,531 0 0
NEWS CORP NEW CL B 65249B208 8,466 506,927 SH   DFND 1 506,927 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 26,737 1,557,192 SH   DFND 1 1,557,192 0 0
OFFICE DEPOT INC COM 676220106 33,617 8,139,780 SH   DFND 1 8,139,780 0 0
OFFICE DEPOT INC COM 676220106 8,260 2,000,000 SH Call DFND 1 2,000,000 0 0
ORIENT- EXPRESS HOTELS LTD CL A G67743107 28,732 1,993,869 SH   DFND 1 1,993,869 0 0
OSHKOSH CORP COM 688239201 32,881 558,544 SH   DFND 1 558,544 0 0
OWENS CORNING NEW COM 690742101 46,246 1,071,248 SH   DFND 1 1,071,248 0 0
OWENS CORNING NEW COM 690742101 10,793 250,000 SH Call DFND 1 250,000 0 0
PENNEY J C INC COM 708160106 4,310 500,000 SH Call DFND 1 500,000 0 0
QEP RES INC COM 74733V100 27,882 947,070 SH   DFND 1 947,070 0 0
QEP RES INC COM 74733V100 736 25,000 SH Call DFND 1 25,000 0 0
REALOGY HLDGS CORP COM 75605Y106 3,911 90,000 SH   DFND 1 90,000 0 0
RIVERBED TECHNOLOGY INC COM 768573107 13,334 676,519 SH   DFND 1 676,519 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 9,253 217,623 SH   DFND 1 217,623 0 0
SANOFI RIGHT 12/31/2020 80105N113 1,843 5,761,954 SH   DFND 1 5,761,954 0 0
SIGNET JEWELERS LIMITED SHS G81276100 40,285 380,547 SH   DFND 1 380,547 0 0
SOTHEBYS COM 835898107 29,557 678,697 SH   DFND 1 678,697 0 0
SPRINT CORP COM SER 1 85207U105 8,642 940,332 SH   DFND 1 940,332 0 0
STANLEY BLACK & DECKER INC COM 854502101 25,184 310,000 SH   DFND 1 310,000 0 0
T-MOBILE US INC COM 872590104 21,621 654,600 SH   DFND 1 654,600 0 0
TALISMAN ENERGY INC COM 87425E103 9,887 990,729 SH   DFND 1 990,729 0 0
TEVA PHARMACEUTICALS INDS LTD ADR 881624209 66,050 1,250,000 SH Call DFND 1 1,250,000 0 0
TEXAS INDS INC COM 882491103 35,646 397,746 SH   DFND 1 397,746 0 0
THERAVANCE INC COM 88338T104 86,816 2,805,937 SH   DFND 1 2,805,937 0 0
TIBCO SOFTWARE INC COM 88632Q103 6,086 299,530 SH   DFND 1 299,530 0 0
TIME WARNER CABLE INC COM 88732J207 15,776 115,000 SH   DFND 1 115,000 0 0
TIME WARNER CABLE INC COM 88732J207 253,975 1,851,400 SH Call DFND 1 1,851,400 0 0
TOLL BROTHERS INC COM 889478103 31,490 877,160 SH   DFND 1 877,160 0 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 12,474 152,834 SH   DFND 1 152,834 0 0
UNITED RENTALS INC COM 911363109 47,470 500,000 SH Call DFND 1 500,000 0 0
URS CORP NEW COM 903236107 941 20,000 SH   DFND 1 20,000 0 0
U S G CORP COM NEW 903293405 23,220 709,665 SH   DFND 1 709,665 0 0
U S G CORP COM NEW 903293405 8,180 250,000 SH Call DFND 1 250,000 0 0
VAIL RESORTS INC COM 91879Q109 29,687 425,932 SH   DFND 1 425,932 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,863 39,173 SH   DFND 1 39,173 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 27,733 583,000 SH Call DFND 1 583,000 0 0
VIVUS INC COM 928551100 8,511 1,432,855 SH   DFND 1 1,432,855 0 0
VIVUS INC COM 928551100 2,970 500,000 SH Call DFND 1 500,000 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 23,816 646,999 SH   DFND 1 646,999 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 15,902 432,000 SH Call DFND 1 432,000 0 0
WYNN RESORTS LTD COM 983134107 20,143 90,674 SH   DFND 1 90,674 0 0