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
AMERCO COM 023586100 1,452 4,396 SH   OTR 1,2 0 4,396 0
AMERICAN AIRLS GROUP INC COM 02376R102 547 10,368 SH   OTR 1,2 0 10,368 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 476 48,310 SH   OTR 1,2 0 48,310 0
BALL CORP COM 058498106 150 2,127 SH   OTR 1,2 0 2,127 0
BAXTER INTL INC COM 071813109 125 1,824 SH   OTR 1,2 0 1,824 0
CARMIKE CINEMAS INC COM 143436400 624 18,560 SH   OTR 1,2 0 18,560 0
CIRCOR INTL INC COM 17273K109 494 9,025 SH   OTR 1,2 0 9,025 0
CITIGROUP INC COM NEW 172967424 268 5,200 SH   OTR 1,2 0 5,200 0
CLUBCORP HLDGS INC COM 18948M108 1,654 85,454 SH   OTR 1,2 0 85,454 0
COTT CORP QUE COM 22163N106 147 15,661 SH   OTR 1,2 0 15,661 0
DIAMOND RESORTS INTL INC COM 25272T104 1,662 49,706 SH   OTR 1,2 0 49,706 0
E TRADE FINANCIAL CORP COM NEW 269246401 81 2,829 SH   OTR 1,2 0 2,829 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 528 32,393 SH   OTR 1,2 0 32,393 0
GRAPHIC PACKAGING HLDG CO COM 388689101 1,369 94,168 SH   OTR 1,2 0 94,168 0
INNOPHOS HOLDINGS INC COM 45774N108 1,774 31,485 SH   OTR 1,2 0 31,485 0
ISHARES TR RUSSELL 2000 ETF 464287655 1,293 10,400 SH Put OTR 1,2 0 10,400 0
JASON INDS INC COM 471172106 410 57,910 SH   OTR 1,2 0 57,910 0
JASON INDS INC *W EXP 06/30/201 471172114 15 18,462 SH   OTR 1,2 0 18,462 0
KLX INC COM 482539103 192 4,969 SH   OTR 1,2 0 4,969 0
MACYS INC COM 55616P104 916 14,100 SH Call OTR 1,2 0 14,100 0
MACYS INC COM 55616P104 762 11,745 SH   OTR 1,2 0 11,745 0
MEADWESTVACO CORP COM 583334107 104 2,092 SH   OTR 1,2 0 2,092 0
MGM RESPORTS INTERNATIONAL COM 552953101 661 31,415 SH   OTR 1,2 0 31,415 0
MOLSON COORS BREWING CO CL B 60871R209 505 6,786 SH   OTR 1,2 0 6,786 0
NORTH AMERN ENERGY PARTNERS COM 656844107 740 254,254 SH   OTR 1,2 0 254,254 0
OLIN CORP COM PAR $1 680665205 460 14,356 SH   OTR 1,2 0 14,356 0
OM GROUP INC COM 670872100 2,570 85,582 SH   OTR 1,2 0 85,582 0
OM GROUP INC COM 670872100 249 8,300 SH Call OTR 1,2 0 8,300 0
PENN WEST PETE LTD NEW COM 707887105 414 251,076 SH   OTR 1,2 0 251,076 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,118 58,700 SH Put OTR 1,2 0 58,700 0
WABASH NATL CORP COM 929566107 958 67,966 SH   OTR 1,2 0 67,966 0
WAUSAU PAPER CORP COM 943315101 358 37,549 SH   OTR 1,2 0 37,549 0
WESCO AIRCRAFT HLDGS INC COM 950814103 438 28,602 SH   OTR 1,2 0 28,602 0