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
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 50,848 421,380 SH   DFND   421,380 0 0
APPLIED MATLS INC COM 038222105 43,245 2,250,000 SH Call DFND   2,250,000 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 79,412 597,400 SH Call DFND   597,400 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 2,659 20,000 SH Put DFND   20,000 0 0
B/E AEROSPACE INC COM 073302101 76,267 1,389,204 SH   DFND   1,389,204 0 0
BAKER HUGHES INC COM 057224107 101,805 1,650,000 SH   DFND   1,650,000 0 0
BLACK HILLS CORP COM 092113109 94,949 2,175,245 SH   DFND   2,175,245 0 0
BROADCOM CORP CL A 111320107 172,409 3,348,400 SH   DFND   3,348,400 0 0
CHEVRON CORP NEW COM 166764100 106,117 1,100,000 SH Put DFND   1,100,000 0 0
CIGNA CORPORATION COM 125509109 16,200 100,000 SH Call DFND   100,000 0 0
COCA COLA CO COM 191216100 117,690 3,000,000 SH Call DFND   3,000,000 0 0
COLONY CAP INC CL A 19624R106 42,242 1,865,000 SH   DFND   1,865,000 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 13,488 214,200 SH Put DFND   214,200 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 27,600 1,000,000 SH Put DFND   1,000,000 0 0
FANNIE MAE PF S COM 313586752 20,242 5,397,932 SH   DFND   5,397,932 0 0
GLOBALSTAR INC COM 378973408 4,366 2,069,174 SH   DFND   2,069,174 0 0
GNC HLDGS INC COM CL A 36191G107 43,188 970,952 SH   DFND   970,952 0 0
HUMANA INC COM 444859102 14,346 75,000 SH   DFND   75,000 0 0
HUMANA INC COM 444859102 28,692 150,000 SH Call DFND   150,000 0 0
HUMANA INC COM 444859102 19,128 100,000 SH Put DFND   100,000 0 0
ILLINOIS TOOL WKS INC COM 452308109 45,895 500,000 SH Call DFND   500,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 224,748 1,800,000 SH Put DFND   1,800,000 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 115,491 2,940,940 SH   DFND   2,940,940 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 32,046 994,589 SH   DFND   994,589 0 0
MACERICH CO COM 554382101 32,078 430,000 SH   DFND   430,000 0 0
MYLAN N V SHS EURO N59465109 15,269 225,000 SH   DFND   225,000 0 0
NEXTERA ENERGY INC COM 65339F101 77,034 785,816 SH   DFND   785,816 0 0
PERRIGO CO PLC SHS G97822103 114,428 619,100 SH   DFND   619,100 0 0
PFIZER INC COM 717081103 50,295 1,500,000 SH Call DFND   1,500,000 0 0
QUALCOMM INC COM 747525103 56,367 900,000 SH   DFND   900,000 0 0
QUALCOMM INC COM 747525103 184,759 2,950,000 SH Call DFND   2,950,000 0 0
RACKSPACE HOSTING INC COM 750086100 18,595 500,000 SH Call DFND   500,000 0 0
SIGA TECHNOLOGIES COM 826917106 6,321 4,900,000 SH   DFND   4,900,000 0 0
SUNCOKE ENERGY INC COM 86722A103 48,349 3,719,161 SH   DFND   3,719,161 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 17,364 300,000 SH Put DFND   300,000 0 0
UIL HLDG CORP COM 902748102 22,910 500,000 SH   DFND   500,000 0 0
WENDYS CO COM 95058W100 11,280 1,000,000 SH   DFND   1,000,000 0 0
WILLIAMS COS INC DEL COM 969457100 96,681 1,684,630 SH   DFND   1,684,630 0 0
ZOETIS INC CL A 98978V103 21,699 450,000 SH   DFND   450,000 0 0