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
ABBVIE, INC COM 00287Y109 23,189 374,552 SH   SOLE   374,552 0 0
ABBVIE, INC COM 00287Y959 23,154 374,000 SH Put SOLE   374,000 0 0
BROOKDALE SENIOR LIVING INC COM 112463104 6,176 400,000 SH   SOLE   400,000 0 0
CONTINENTAL RESOURCES INC COM 212015101 3,807 84,089 SH   SOLE   84,089 0 0
CRAFT BREW ALLIANCE INC COM 224122101 864 75,000 SH   SOLE   75,000 0 0
CRAFT BREW ALLIANCE INC COM 224122901 2,304 200,000 SH Call SOLE   200,000 0 0
DENBURY RESOURCES INC COM NEW 247916208 4 1,056 SH   SOLE   1,056 0 0
DEVON ENERGY CORP NEW COM 25179M103 3,585 98,909 SH   SOLE   98,909 0 0
DIAMONDBACK ENERGY INC COM 25278X109 12 131 SH   SOLE   131 0 0
ECLIPSE RESOURCES CORP COM 27890G100 3 927 SH   SOLE   927 0 0
EOG RESOURCES INC COM 26875P101 7 87 SH   SOLE   87 0 0
EP ENERGY CORPORATION CL A 268785102 3,986 769,501 SH   SOLE   769,501 0 0
GENESIS HEALTHCARE INC CL A COM 37185X106 7,128 4,026,928 SH   SOLE   4,026,928 0 0
GLOBALSTAR INC COM 378973408 3,983 3,291,342 SH   SOLE   3,291,342 0 0
GNC HOLDINGS INC COM CL A 36191G907 11,052 455,000 SH Call SOLE   455,000 0 0
GNC HOLDINGS INC COM CL A 36191G957 2,429 100,000 SH Put SOLE   100,000 0 0
HALCON RESOURCES CORP COM NEW 40537Q209 519 1,117,497 SH   SOLE   1,117,497 0 0
ISHARES RUSSELL 2000 ETF 464287655 3,115 27,089 SH   SOLE   27,089 0 0
LAREDO PETROLEUM INC COM 516806106 3,510 334,960 SH   SOLE   334,960 0 0
MARATHON OIL CORP COM 565849106 675 45,000 SH   SOLE   45,000 0 0
MODSYS INTERNATIONAL LTD SHS M70378100 9,060 5,845,103 SH   SOLE   5,845,103 0 0
NVR INC COM 62944T105 661 371 SH   SOLE   371 0 0
OASIS PETROLEUM INC NEW COM 674215108 3,207 343,342 SH   SOLE   343,342 0 0
PROSHARES TRUST ULTRASHORT LEHMAN 20+ YEAR ETF 74347B201 4,754 150,000 SH   SOLE   150,000 0 0
RED LION HOTELS CORP COM 756764106 18,223 2,510,105 SH   SOLE   2,510,105 0 0
SANCHEZ ENERGY CORP COM 79970Y105 2,752 389,810 SH   SOLE   389,810 0 0
SM ENERGY COMPANY COM 78454L100 4,033 149,359 SH   SOLE   149,359 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 2,776 13,252 SH   SOLE   13,252 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A900 13,924 400,000 SH Call SOLE   400,000 0 0
STARWOOD PROPERTY TRUST INC COM 85571B105 1,036 50,000 SH   SOLE   50,000 0 0
WHITING PETROLEUM CORP NEW COM 966387102 4,107 443,574 SH   SOLE   443,574 0 0