The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 |
| BRT REALTY TRUST (SBI)$3.00PAR CMN | COM | 055645303 | 1,196,000 | 166,842 | SH | SOLE | 0 | 0 | 0 | 0 | |
| BARNES & NOBLE, INC CMN | COM | 067774109 | 25,880,000 | 2,000,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| BIOTA PHARMACEUTICALS INC CMN | COM | 090694100 | 1,191,000 | 285,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| COMPUTER SCIENCES CORP CMN | COM | 205363104 | 1,909,000 | 36,900 | SH | SOLE | 0 | 0 | 0 | 0 | |
| CORNING INCORPORATED CMN | COM | 219350105 | 6,711,000 | 460,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| EXCO RESOURCES INC CMN | COM | 269279402 | 3,605,000 | 534,800 | SH | SOLE | 0 | 0 | 0 | 0 | |
| EMMIS COMMUNICATIONS CORP CL-A CLASS A | COM | 291525103 | 2,542,000 | 945,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| EMMIS COMMUNICATIONS CORP 6.25% SERIES A CVT PREFERRED PFD | CNV | 291525202 | 210,000 | 14,411 | SH | SOLE | 0 | 0 | 0 | 0 | |
| GRIFFIN LAND & NURSERIES CMN | COM | 398231100 | 3,450,000 | 107,486 | SH | SOLE | 0 | 0 | 0 | 0 | |
| GYRODYNE CO AMER CMN | COM | 403820103 | 4,781,000 | 63,835 | SH | SOLE | 0 | 0 | 0 | 0 | |
| CALL/HPQ @ 20 EXP 01/18/2014 | CALL | 428236103 | 211,000 | 1,000 | SH | Call | SOLE | 0 | 0 | 0 | 0 |
| INTERNET PATENTS CORP CMN | COM | 46063G101 | 336,000 | 105,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| JOHNSON OUTDOORS INC CMN CLASS A | COM | 479167108 | 11,615,000 | 433,056 | SH | SOLE | 0 | 0 | 0 | 0 | |
| LAKES ENTERTAINMENT INC CMN | COM | 51206P109 | 41,000 | 10,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| REALNETWORKS INC CMN | COM | 75605L708 | 2,034,000 | 237,941 | SH | SOLE | 0 | 0 | 0 | 0 | |
| SAGA COMMUNICATION, INC. CMN CLASS A | COM | 786598300 | 55,741,000 | 1,256,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| RTS/SANOFI-AVENTIS EXP12/31/2020 | RTS | 80105N113 | 444,000 | 220,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| TEJON RANCH CO CMN | COM | 879080109 | 80,184,000 | 2,600,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| WTS/TEJON RANCH CO. 40.0000 EXP08/31/2016 | WTS | 879080133 | 1,060,000 | 384,046 | SH | SOLE | 0 | 0 | 0 | 0 | |
| WESTELL TECHNOLOGIES INC CMN CLASS A | COM | 957541105 | 40,000 | 12,000 | SH | SOLE | 0 | 0 | 0 | 0 | |
| ORIENT-EXPRESS HOTELS LTD CMN CLASS A | COM | G67743107 | 3,245,000 | 250,000 | SH | SOLE | 0 | 0 | 0 | 0 | |