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
AMBAC FINL GROUP INC Warrant 023139116 6,080 496,324 SH   SOLE   496,324 0 0
AMBAC FINL GROUP INC Common 023139884 15,276 678,953 SH   SOLE   678,953 0 0
BARNES & NOBLE ED INC Common 06777U101 10,177 887,257 SH   SOLE   887,257 0 0
ENZO BIOCHEM INC Common 294100102 22,991 3,312,792 SH   SOLE   3,312,792 0 0
FIDELITY NATL INFORMATION SV Common 31620M106 12,669 167,497 SH   SOLE   167,497 0 0
KRATON CORPORATION Common 50077C106 11,754 412,700 SH   SOLE   412,700 0 0
PAR PACIFIC HOLDINGS INC Common 69888T207 7,780 535,068 SH   SOLE   535,068 0 0
FRONTLINE LTD Common G3682E192 10,097 1,420,080 SH   SOLE   1,420,080 0 0
SAFE BULKERS INC Common Y7388L103 5,618 4,885,000 SH   SOLE   4,885,000 0 0
SCORPIO BULKERS INC Common Y7546A122 21,977 4,351,926 SH   SOLE   4,351,926 0 0