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
Ambassadors Group Inc COM 023177108 3,457 749,975 SH   OTR 1, 2, 3 0 749,975 0
API Technologies Corp COM 00187E203 31,330 11,434,278 SH   OTR 1, 2, 3 0 11,434,278 0
Aviat Networks Inc COM 05366Y102 3,812 2,978,502 SH   OTR 1, 2, 3 0 2,978,502 0
Chimera Investment Corp COM 16934Q109 3,190 1,000,000 SH   OTR 1, 2, 3 0 1,000,000 0
Civeo Corp COM 178787107 250 10,000 SH   OTR 1, 2, 3 0 10,000 0
CST Brands Inc COM 12646R105 345 10,000 SH   OTR 1, 2, 3 0 10,000 0
Dorian LPG Ltd COM Y2106R110 0 20 SH   OTR 1, 2, 3 0 20 0
Forbes Energy Services Ltd COM 345143101 17,062 3,733,489 SH   OTR 1, 2, 3 0 3,733,489 0
GenCorp Inc COM 368682100 79,857 4,180,997 SH   OTR 1, 2, 3 0 4,180,997 0
Handy & Harman Ltd COM 410315105 210,686 7,870,231 SH   OTR 1, 2, 3 0 7,870,231 0
Invesco Dynamic Credit Opportu COM 46132R104 5,325 411,217 SH   OTR 1, 2, 3 0 411,217 0
Lifevantage Corp COM 53222K106 144 100,000 SH   OTR 1, 2, 3 0 100,000 0
ModusLink Global Solutions Inc COM 60786L107 24,240 6,481,185 SH   OTR 1, 2, 3 0 6,481,185 0
Nathan's Famous Inc COM 655044105 24,139 445,456 SH   OTR 1, 2, 3 0 445,456 0
Nature's Sunshine Products Inc COM 639027101 592 34,912 SH   OTR 1, 2, 3 0 34,912 0
Noble Corp plc COM G65431101 466 13,900 SH   OTR 1, 2, 3 0 13,900 0
Nuance Communications Inc COM 67020Y100 188 10,000 SH   OTR 1, 2, 3 0 10,000 0
Oil States International Inc COM 678026105 320 5,000 SH   OTR 1, 2, 3 0 5,000 0
Parker Drilling Co COM 701081101 967 148,353 SH   OTR 1, 2, 3 0 148,353 0
Quinpario Acquisition Corp COM 74874R108 5,279 503,200 SH   OTR 1, 2, 3 0 503,200 0
Selectica Inc COM 816288203 2,172 337,138 SH   OTR 1, 2, 3 0 337,138 0
SL Industries Inc COM 784413106 29,348 994,840 SH   OTR 1, 2, 3 0 994,840 0
Steel Partners Holdings LP LTD PRTRSHIP U 85814R107 48,432 2,901,835 SH   OTR 1, 2, 3 0 2,901,835 0
Transocean Ltd COM H8817H100 2,252 50,000 SH   OTR 1, 2, 3 0 50,000 0
Triangle Petroleum Corp COM 89600B201 13,556 1,153,675 SH   OTR 1, 2, 3 0 1,153,675 0
Unit Corp COM 909218109 1,377 20,000 SH   OTR 1, 2, 3 0 20,000 0
Wausau Paper Corp COM 943315101 2,526 233,500 SH   OTR 1, 2, 3 0 233,500 0