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
AKORN INC COM 009728106 3,549 124,600 SH   DFND   0 124,600 0
GOOD TIMES RESTAURANTS INC COM PAR $.001 NEW 382140879 1,396 400,000 SH   DFND   0 400,000 0
MARRIOTT INTERNATIONAL -CL A CL A 571903202 1,256 18,900 SH   DFND   0 18,900 0
REALOGY HOLDINGS CORP COM 75605Y106 6,933 238,900 SH   DFND   0 238,900 0
TELIGENT INC COM 87960W104 1,912 267,794 SH   DFND   0 267,794 0
UNITED CONTINENTAL HOLDINGS COM 910047109 4,949 120,600 SH   DFND   0 120,600 0