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
ATMI INC COM 00207R101 12,553 369,100 SH   SOLE (1) 369,100 0 0
ACCELRYS INC COM 00430U103 3,980 319,400 SH   SOLE (1) 319,400 0 0
AEROPOSTALE CALL 007865908 249 49,700 SH Call SOLE (1) 49,700 0 0
ALASKA AIR GROUP INC COM 011659109 8,846 94,800 SH   SOLE (1) 94,800 0 0
ALCOA INC COM 013817101 12,201 948,000 SH   SOLE (1) 948,000 0 0
AMCOL INTERNATIONAL CORP COM 02341W103 14,379 314,100 SH   SOLE (1) 314,100 0 0
APPLE INC COM 037833100 10,198 19,000 SH   SOLE (1) 19,000 0 0
ARTHROCARE CORP COM 043136100 20,182 418,800 SH   SOLE (1) 418,800 0 0
BANK OF AMERICA CORPORATION COM 060505104 19,567 1,137,600 SH   SOLE (1) 1,137,600 0 0
BEAM INC COM 073730103 109,323 1,312,400 SH   SOLE (1) 1,312,400 0 0
BELLATRIX EXPLORATION LTD COM 078314101 6,191 725,551 SH   SOLE (1) 725,551 0 0
BROOKDALE SR LIVING INC COM 112463104 4,233 126,324 SH   SOLE (1) 126,324 0 0
BROOKFIELD OFFICE PPTYS INC COM 112900105 7,740 400,000 SH   SOLE (1) 400,000 0 0
CADENCE DESIGN SYSTEMS INC COM 127387108 9,561 615,223 SH   SOLE (1) 615,223 0 0
CAPITALSOURCE INC COM 14055X102 62,733 4,299,700 SH   SOLE (1) 4,299,700 0 0
CHESAPEAKE ENERGY CORP COM 165167107 7,085 276,540 SH   SOLE (1) 276,540 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,695 68,795 SH   SOLE (1) 68,795 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 252 4,158,900 SH   SOLE (1) 4,158,900 0 0
COOPER TIRE &amp RUBBER CO COM 216831107 3,990 164,200 SH   SOLE (1) 164,200 0 0
CUBIST PHARMACEUTICALS INC RIGHT 99/99/9999 229678123 4,051 6,232,329 SH   SOLE (1) 6,232,329 0 0
DARDEN RESTAURANTS INC CALL 237194905 2,538 50,000 SH Call SOLE (1) 50,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 13,139 379,200 SH   SOLE (1) 379,200 0 0
DOW CHEM CO CALL 260543903 5,588 115,000 SH Call SOLE (1) 115,000 0 0
EPL OIL &amp GAS INC COM 26883D108 48,509 1,256,700 SH   SOLE (1) 1,256,700 0 0
EMERITUS CORP COM 291005106 19,286 613,426 SH   SOLE (1) 613,426 0 0
FLUOR CORP NEW COM 343412102 11,053 142,200 SH   SOLE (1) 142,200 0 0
FOREST LABORATORIES INC COM 345838106 135,259 1,465,900 SH   SOLE (1) 1,465,900 0 0
FOREST LABORATORIES INC CALL 345838906 978 10,600 SH Call SOLE (1) 10,600 0 0
GENERAL ELECTRIC CO COM 369604103 24,549 948,200 SH   SOLE (1) 948,200 0 0
HEALTH CARE REIT INC PFD PER CON I 42217K601 11,668 210,000 SH   SOLE (1) 210,000 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 2,789 104,700 SH   SOLE (1) 104,700 0 0
HERTZ GLOBAL HOLDINGS INC CALL 42805T905 2,664 100,000 SH Call SOLE (1) 100,000 0 0
HUDSON CITY BANCORP COM 443683107 102,434 10,420,600 SH   SOLE (1) 10,420,600 0 0
HUNTINGTON BANCSHARES INC COM 446150104 17,013 1,706,400 SH   SOLE (1) 1,706,400 0 0
INTERCONTINENTAL EXCHANGE GROU COM 45866F104 32,325 163,400 SH   SOLE (1) 163,400 0 0
ISHARES RUSSELL 2000 ETF 464287655 1,233 10,600 SH   SOLE (1) 10,600 0 0
JONES GROUP INC COM 48020T101 10,010 668,641 SH   SOLE (1) 668,641 0 0
JOS A BANK CLOTHIERS INC COM 480838101 43,235 672,400 SH   SOLE (1) 672,400 0 0
JOS A BANK CLOTHIERS INC CALL 480838901 8,346 129,800 SH Call SOLE (1) 129,800 0 0
JUNIPER NETWORKS INC CALL 48203R904 2,576 100,000 SH Call SOLE (1) 100,000 0 0
LSI CORPORATION COM 502161102 58,920 5,322,500 SH   SOLE (1) 5,322,500 0 0
LIN MEDIA LLC COM 532771102 19,363 730,697 SH   SOLE (1) 730,697 0 0
LINNCO LLC COMSHS LTD INT 535782106 76,761 2,837,760 SH   SOLE (1) 2,837,760 0 0
M &amp T BANK CORP COM 55261F104 28,894 238,200 SH   SOLE (1) 238,200 0 0
MARATHON PETE CORP COM 56585A102 4,953 56,900 SH   SOLE (1) 56,900 0 0
MARTIN MARIETTA MATLS INC COM 573284106 590 4,595 SH   SOLE (1) 4,595 0 0
MICROSOFT CORP COM 594918104 23,307 568,600 SH   SOLE (1) 568,600 0 0
MICROSOFT CORP CALL 594918904 4,074 99,400 SH Call SOLE (1) 99,400 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 8,321 174,235 SH   SOLE (1) 174,235 0 0
MID-AMER APT CMNTYS INC COM 59522J103 5,209 76,300 SH   SOLE (1) 76,300 0 0
OFFICE DEPOT INC COM 676220106 7,726 1,870,700 SH   SOLE (1) 1,870,700 0 0
OMNICARE INC NOTE 3.75% 4/0 681904AP3 37,547 25,000,000 PRN   SOLE (1) 25,000,000 0 0
PACER INTL INC TENN COM 69373H106 5,619 627,113 SH   SOLE (1) 627,113 0 0
RDA MICROELECTRONICS INC SPONSORED ADR 749394102 11,798 658,000 SH   SOLE (1) 658,000 0 0
RF MICRODEVICES INC COM 749941100 8,250 1,047,000 SH   SOLE (1) 1,047,000 0 0
SAFEWAY INC COM NEW 786514208 48,768 1,320,200 SH   SOLE (1) 1,320,200 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 16,943 758,400 SH   SOLE (1) 758,400 0 0
SHANDA GAMES LTD SP ADR REPTG A 81941U105 4,077 628,200 SH   SOLE (1) 628,200 0 0
SIRIUS XM HOLDINGS INC COM 82968B103 31,369 9,802,934 SH   SOLE (1) 9,802,934 0 0
SOUTHWEST AIRLS CO COM 844741108 6,715 284,400 SH   SOLE (1) 284,400 0 0
STERLING FINL CORP WASH COM NEW 859319303 36,401 1,092,133 SH   SOLE (1) 1,092,133 0 0
SUPERTEX INC COM 868532102 8,005 242,732 SH   SOLE (1) 242,732 0 0
TEXAS INDS INC COM 882491103 23,540 262,666 SH   SOLE (1) 262,666 0 0
TIME WARNER CABLE INC COM 88732J207 83,844 611,200 SH   SOLE (1) 611,200 0 0
TIME WARNER CABLE INC CALL 88732J907 24,007 175,000 SH Call SOLE (1) 175,000 0 0
TOWER GROUP INC COM 891777104 2,171 803,919 SH   SOLE (1) 803,919 0 0
UNITED CONTL HLDGS INC COM 910047109 8,462 189,600 SH   SOLE (1) 189,600 0 0
VALERO ENERGY CORP NEW COM 91913Y100 5,034 94,800 SH   SOLE (1) 94,800 0 0
VERIZON COMMUNICATIONS COM 92343V104 36,077 758,400 SH   SOLE (1) 758,400 0 0
VODAFONE GROUP PLC NEW CALL 92857W908 3,865 105,000 SH Call SOLE (1) 105,000 0 0
WESCO INTL INC DBCV 6.000% 9/1 95082PAH8 44,513 15,000,000 PRN   SOLE (1) 15,000,000 0 0
ACTAVIS PLC SHS G0083B108 7,369 35,800 SH   SOLE (1) 35,800 0 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 29,220 1,562,586 SH   SOLE (1) 1,562,586 0 0
ENDO INTL PLC SHS G30401106 3,478 50,668 SH   SOLE (1) 50,668 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 33,726 379,200 SH   SOLE (1) 379,200 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 23,352 898,150 SH   SOLE (1) 898,150 0 0