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
AMER INTL GROUP INC CMN NEW CMN 026874784 27,962 575,000 SH   SOLE   575,000 0 0
DANA HOLDING CORP COMMON CMN 235825205 10,765 471,311 SH   SOLE   471,311 0 0
DELPHI AUTOMOTIVE PLC COMMON CMN G27823106 17,545 300,323 SH   SOLE   300,323 0 0
DELTA AIR LINES INC DEL COM NEW CMN 247361702 21,491 911,030 SH   SOLE   911,030 0 0
J.C. PENNEY CO INC COMMON CMN 708160106 9,686 1,100,000 SH   SOLE   1,100,000 0 0
LUXFER ADR CMN 550678106 63,945 4,001,582 SH   SOLE   4,001,582 0 0
UNITED CONTINENTAL HOLDINGS INC COMMON CMN 910047109 18,280 595,244 SH   SOLE   595,244 0 0
VISTEON CORP COMMON CMN 92839U206 30,903 408,559 SH   SOLE   408,559 0 0
WCI COMMUNITIES INC COMMON CMN 92923C807 113,841 6,595,677 SH   SOLE   6,595,677 0 0