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
DYNEGY INC NEW DEL COM 26817R108 3,308 400,000 SH   SOLE   400,000 0 0
DYNEGY INC NEW DEL *W EXP 02/02/202 26817R157 132 752,885 SH   SOLE   752,885 0 0
GLOBALSTAR INC NOTE 8.000% 4/0 378973AD3 3,153 847,456 PRN   SOLE   847,456 0 0
GLOBALSTAR INC COM 378973408 16,324 7,663,979 SH   SOLE   7,663,979 0 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 2,147 758,800 SH   SOLE   758,800 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 19,669 850,000 SH   SOLE   850,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 725,400 3,000,000 SH Put SOLE   3,000,000 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 31,139 3,167,787 SH   SOLE   3,167,787 0 0
TEMPUR SEALY INTL INC COM 88023U101 7,085 132,700 SH Put SOLE   132,700 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 10,154 525,000 SH   SOLE   525,000 0 0
WARRIOR MET COAL INC COM 93627C101 37,651 2,197,933 SH   SOLE   2,197,933 0 0