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
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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
Abbott Laboratories Common 002824100 365 8,727 SH   SOLE   8,727 0 0
Abbvie Inc Common 00287Y109 345 6,042 SH   SOLE   6,042 0 0
Air Industries Group Inc Common 00912N205 253 41,746 SH   SOLE   41,746 0 0
Alphabet Inc - Cl C Non-Voting Common 02079K107 3,845 5,162 SH   SOLE   5,162 0 0
Alphabet Inc - Par Ordinary Common 02079K305 4,995 6,547 SH   SOLE   6,547 0 0
Altria Group Inc Common 02209S103 424 6,759 SH   SOLE   6,759 0 0
American International Group Common 026874784 13,405 248,011 SH   SOLE   248,011 0 0
Anadarko Petroleum Corp Common 032511107 269 5,779 SH   SOLE   5,779 0 0
Ares Capital Corp. Conv Bond 04010LAG8 1,826 1,800,000 PRN   SOLE   1,800,000 0 0
Bank of New York Mellon Common 064058100 332 9,005 SH   SOLE   9,005 0 0
Berkshire Hathaway Inc Cl-B Common 084670702 17,096 120,496 SH   SOLE   120,496 0 0
Boeing Co Common 097023105 269 2,116 SH   SOLE   2,116 0 0
Bridgeline Digital Inc - Reg D Common 10807Q304 53 63,158 SH   SOLE   63,158 0 0
Bristol-Myers Squibb Co Common 110122108 411 6,438 SH   SOLE   6,438 0 0
Capital One Financial Corp. Warrants Warrant 14040H139 378 13,200 SH   SOLE   13,200 0 0
CenturyLink, Inc. Common 156700106 265 8,281 SH   SOLE   8,281 0 0
Chesapeake Energy Corp - Callable after 05/15/17 Conv Bond 165167BZ9 1,645 2,600,000 PRN   SOLE   2,600,000 0 0
Chevron Corp Common 166764100 379 3,972 SH   SOLE   3,972 0 0
Chicago Bridge & Iron Company NV Common 167250109 9,380 256,354 SH   SOLE   256,354 0 0
Cisco Systems Inc Common 17275R102 11,715 411,494 SH   SOLE   411,494 0 0
Citigroup Inc Common 172967424 7,072 169,378 SH   SOLE   169,378 0 0
Coca-Cola Co Common 191216100 433 9,334 SH   SOLE   9,334 0 0
Consol Energy Inc Common 20854P109 8,343 738,994 SH   SOLE   738,994 0 0
Danaher Corp Common 235851102 12,491 131,680 SH   SOLE   131,680 0 0
Emerson Electric Co Common 291011104 400 7,351 SH   SOLE   7,351 0 0
Exxon Mobil Corp Common 30231G102 596 7,132 SH   SOLE   7,132 0 0
Fair Isaac & Co Common 303250104 2,239 21,104 SH   SOLE   21,104 0 0
First Financial Bancorp Warrants Warrant 320209117 496 72,720 SH   SOLE   72,720 0 0
Fiserv Inc Wisconsin Common 337738108 311 3,036 SH   SOLE   3,036 0 0
General Electric Co Common 369604103 756 23,791 SH   SOLE   23,791 0 0
Genworth Financial Inc Cl-A Common 37247d106 60 22,148 SH   SOLE   22,148 0 0
Goldman Sachs Group Inc Common 38141G104 7,702 49,062 SH   SOLE   49,062 0 0
Hartford Financial Service Group Warrants Warrant 416515120 8,030 205,889 SH   SOLE   205,889 0 0
Hewlett Packard Enterprise Common 42824C109 3,963 223,507 SH   SOLE   223,507 0 0
Hornbeck Offshore Services Conv Bond 440543AN6 1,406 2,370,000 PRN   SOLE   2,370,000 0 0
HP Inc Common 40434L105 2,783 225,902 SH   SOLE   225,902 0 0
Illinois Tool Works Inc Common 452308109 11,191 109,241 SH   SOLE   109,241 0 0
Intel Corp Conv Bond 458140AD2 5,337 4,200,000 PRN   SOLE   4,200,000 0 0
iShares Barclays 1-3 Year Cr ETF 464288646 4,804 45,572 SH   SOLE   45,572 0 0
Jefferies Group - Putable at 100 Conv Bond 472319AG7 1,963 2,000,000 PRN   SOLE   2,000,000 0 0
Johnson & Johnson Common 478160104 15,288 141,291 SH   SOLE   141,291 0 0
JPMorgan Chase & Co Common 46625H100 299 5,041 SH   SOLE   5,041 0 0
Kohl's Corp Common 500255104 10,665 228,811 SH   SOLE   228,811 0 0
Leucadia National Corp Common 527288104 10,181 629,648 SH   SOLE   629,648 0 0
Lincoln National Corp Warrants Warrant 534187117 504 16,260 SH   SOLE   16,260 0 0
Linkedin Corp. Conv Bond 53578AAB4 2,128 2,350,000 PRN   SOLE   2,350,000 0 0
Loews Corp. Common 540424108 9,792 255,931 SH   SOLE   255,931 0 0
Mednax Inc Common 58502B106 327 5,067 SH   SOLE   5,067 0 0
Memorial Production Partners Common 586048100 21 10,000 SH   SOLE   10,000 0 0
Merck & Co Inc Common 58933Y105 206 3,885 SH   SOLE   3,885 0 0
Microsoft Corp Common 594918104 11,888 215,248 SH   SOLE   215,248 0 0
National Presto Industries Common 637215104 10,678 127,513 SH   SOLE   127,513 0 0
Park National Corp Common 700658107 2,054 22,823 SH   SOLE   22,823 0 0
Paychex Inc Common 704326107 432 7,996 SH   SOLE   7,996 0 0
Pepsico Inc Common 713448108 262 2,561 SH   SOLE   2,561 0 0
Procter & Gamble Co Common 742718109 488 5,933 SH   SOLE   5,933 0 0
RAIT Financial Trust Common 749227609 150 47,739 SH   SOLE   47,739 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AB0 1,803 2,166,000 PRN   SOLE   2,166,000 0 0
Rait Financial Trust - Putable at 100 Conv Bond 749227AA2 145 145,000 PRN   SOLE   145,000 0 0
Redwood Trust Inc. Conv Bond 758075AB1 2,130 2,275,000 PRN   SOLE   2,275,000 0 0
Republic Services Inc Common 760759100 10,785 226,347 SH   SOLE   226,347 0 0
RTI Intl Metals Conv Bond 74973WAB3 2,480 2,370,000 PRN   SOLE   2,370,000 0 0
Schwab International Equity Fund ETF Common 808524805 260 9,590 SH   SOLE   9,590 0 0
Servisfirst Bancshares Inc Common 81768T108 4,091 92,148 SH   SOLE   92,148 0 0
Smith & Wesson Holding Corp Common 831756101 10,518 395,134 SH   SOLE   395,134 0 0
State National Companies Inc. Common 85711T305 252 20,000 SH   SOLE   20,000 0 0
Stryker Corp Common 863667101 11,193 104,329 SH   SOLE   104,329 0 0
Thermo Fisher Scientific Inc Common 883556102 9,220 65,121 SH   SOLE   65,121 0 0
Time Warner Inc Common 887317303 316 4,358 SH   SOLE   4,358 0 0
Under Armour Inc Common 904311107 277 3,262 SH   SOLE   3,262 0 0
Vanguard Total World Stock ETF Common 922042742 274 4,750 SH   SOLE   4,750 0 0
Wal-Mart Stores Inc Common 931142103 482 7,043 SH   SOLE   7,043 0 0
Waste Management Inc Common 94106L109 503 8,517 SH   SOLE   8,517 0 0
Wells Fargo & Co Common 949746101 10,235 211,651 SH   SOLE   211,651 0 0
Xerox Corp Common 984121103 10,525 943,058 SH   SOLE   943,058 0 0