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
3-D SYS CORP DEL COM NEW 88554D205 1,315 40,000 SH   SOLE NONE 40,000 0 0
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 310 22,100 SH   SOLE NONE 22,100 0 0
AIR TRANSPORT SERVICES GRP I COM 00922R105 1,541 180,000 SH   SOLE NONE 180,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 4,133 77,056 SH   SOLE NONE 77,056 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 4,005 71,500 SH   SOLE NONE 71,500 0 0
ASSURED GUARANTY LTD COM G0585R106 2,043 78,600 SH   SOLE NONE 78,600 0 0
AVIS BUDGET GROUP COM 053774105 2,322 35,000 SH   SOLE NONE 35,000 0 0
B/E AEROSPACE INC COM 073302101 1,451 25,000 SH Call SOLE NONE 25,000 0 0
BANK AMER CORP COM 060505104 1,789 100,000 SH   SOLE NONE 100,000 0 0
BLUCORA INC COM 095229100 554 40,000 SH   SOLE NONE 40,000 0 0
BROADCOM CORP CL A 111320107 4,333 100,000 SH   SOLE NONE 100,000 0 0
CAPNIA INC COM 14066L105 37 25,000 SH   SOLE NONE 25,000 0 0
CAPNIA INC *W EXP 11/12/201 14066L113 9 25,000 SH   SOLE NONE 25,000 0 0
CENTRAL GARDEN & PET CO CL A NON-VTG 153527205 1,771 185,467 SH   SOLE NONE 185,467 0 0
COOPER STD HLDGS INC COM 21676P103 4,920 85,000 SH   SOLE NONE 85,000 0 0
DBX ETF TR DBXTR HAR CS 300 233051879 1,265 34,000 SH   SOLE NONE 34,000 0 0
DIAMOND RESORTS INTL INC COM 25272T104 6,696 240,000 SH   SOLE NONE 240,000 0 0
EMC CORP MASS COM 268648102 4,758 160,000 SH   SOLE NONE 160,000 0 0
EMERGE ENERGY SVCS LP COM 29102H104 540 10,000 SH Call SOLE NONE 10,000 0 0
ENDO INTL PLC SHS G30401106 4,327 60,000 SH   SOLE NONE 60,000 0 0
FAIRPOINT COMMUNICATIONS INC COM NEW 305560302 5,684 400,000 SH   SOLE NONE 400,000 0 0
FIREEYE INC COM 31816Q101 1,579 50,000 SH   SOLE NONE 50,000 0 0
GASTAR EXPL INC NEW COM 36729W202 1,327 550,600 SH   SOLE NONE 550,600 0 0
GENCORP INC COM 368682100 824 45,021 SH   SOLE NONE 45,021 0 0
GLOBALSTAR INC COM 378973408 1,540 560,000 SH   SOLE NONE 560,000 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 5,448 400,000 SH   SOLE NONE 400,000 0 0
GULFPORT ENERGY CORP COM NEW 402635304 1,442 34,550 SH   SOLE NONE 34,550 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 271 4,000 SH   SOLE NONE 4,000 0 0
HEADWATERS INC COM 42210P102 2,970 198,164 SH   SOLE NONE 198,164 0 0
HERTZ GLOBAL HOLDINGS INC. COM 42805T105 3,970 159,200 SH   SOLE NONE 159,200 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 77,753 650,000 SH Put SOLE NONE 650,000 0 0
ISTAR FINL INC COM 45031U101 4,368 320,000 SH   SOLE NONE 320,000 0 0
KAPSTONE PAPER AND PACKAGING C COM 48562P103 3,435 117,200 SH   SOLE NONE 117,200 0 0
KINDER MORGAN INC DEL *W EXP 05/25/201 49456B119 320 75,000 SH   SOLE NONE 75,000 0 0
KLX INC COM 482539103 516 12,500 SH Call SOLE NONE 12,500 0 0
LAREDO PETROLEUM INC COM 516806106 680 65,700 SH   SOLE NONE 65,700 0 0
MGIC INVT CORP WIS COM 552848103 1,398 150,000 SH   SOLE NONE 150,000 0 0
NEFF CORP COM CL A 640094207 717 63,627 SH   SOLE NONE 63,627 0 0
NEW SR INVT GROUP INC COM 648691103 2,056 125,000 SH   SOLE NONE 125,000 0 0
NORTHSTAR RLTY FIN CORP COM NEW 66704R704 1,359 77,300 SH   SOLE NONE 77,300 0 0
NUVERRA ENVIRONMENTAL SOLUTI COM NEW 67091K203 2,054 370,000 SH   SOLE NONE 370,000 0 0
PGT INC COM 69336V101 2,504 260,000 SH   SOLE NONE 260,000 0 0
RADIAN GROUP INC COM 750236101 7,524 450,000 SH   SOLE NONE 450,000 0 0
RENTECH INC COM 760112102 3,780 3,000,000 SH   SOLE NONE 3,000,000 0 0
SEAWORLD ENTMT INC COM 81282V100 537 30,000 SH   SOLE NONE 30,000 0 0
SEMGROUP CORP CL A 81663A105 1,368 20,000 SH   SOLE NONE 20,000 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 1,194 35,000 SH Put SOLE NONE 35,000 0 0
SUNCOKE ENERGY INC COM 86722A103 5,594 289,242 SH   SOLE NONE 289,242 0 0
SUNEDISON INC COM 86732Y109 7,804 400,000 SH   SOLE NONE 400,000 0 0
SUNEDISON INC COM 86732Y109 976 50,000 SH Call SOLE NONE 50,000 0 0
TERRAFORM PWR INC CL A COM 88104R100 3,706 120,000 SH   SOLE NONE 120,000 0 0
TRIBUNE MEDIA CO CL A 896047503 1,790 29,941 SH   SOLE NONE 29,941 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,920 50,000 SH   SOLE NONE 50,000 0 0
U S CONCRETE INC COM NEW 90333L201 1,849 65,000 SH   SOLE NONE 65,000 0 0
U S SILICA HLDGS INC COM 90346E103 514 20,000 SH Call SOLE NONE 20,000 0 0
VERSO PAPER CORP COM 92531L108 937 273,309 SH   SOLE NONE 273,309 0 0
XPO LOGISTICS INC COM 983793100 2,044 50,000 SH   SOLE NONE 50,000 0 0
YAHOO INC COM 984332106 1,788 35,400 SH   SOLE NONE 35,400 0 0