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
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 361 25,100 SH   SOLE NONE 25,100 0 0
CST BRANDS INC COM 12646R105 6,136 140,000 SH   SOLE NONE 140,000 0 0
HALLIBURTON CO COM 406216101 1,097 25,000 SH   SOLE NONE 25,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 81 4,600 SH Put SOLE NONE 4,600 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 1,940 25,000 SH   SOLE NONE 25,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 2,428 47,000 SH Put SOLE NONE 47,000 0 0
ULTRA PETROLEUM CORP COM 903914109 4,972 318,100 SH Put SOLE NONE 318,100 0 0
UNITED RENTALS INC COM 911363109 19,864 217,900 SH Call SOLE NONE 217,900 0 0
WINTHROP RLTY TR SH BEN INT NEW 976391300 4,406 270,000 SH   SOLE NONE 270,000 0 0
YPF SOCIEDAD ANONIMA SPON ADR CL D 984245100 5,490 200,000 SH Put SOLE NONE 200,000 0 0