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
ACORDA THERAPEUTICS INC COM 00484M106 675 35,901 SH   SOLE 35,901 0 0
ACORDA THERAPEUTICS INC COM 00484M106 3,424 181,900 SH Put OTR 181,900 0 0
ACORDA THERAPEUTICS INC COM 00484M106 1,232 65,400 SH Put SOLE 65,400 0 0
ACORDA THERAPEUTICS INC COM 00484M106 1,872 99,592 SH   OTR 99,592 0 0
AEP INDS INC COM 001031103 1,161 10,000 SH   SOLE 10,000 0 0
AEVI GENOMIC MEDICINE INC COM 00835P105 2,127 409,800 SH Call OTR 409,800 0 0
AEVI GENOMIC MEDICINE INC COM 00835P105 753 145,200 SH Call SOLE 145,200 0 0
AEVI GENOMIC MEDICINE INC COM 00835P105 152 29,300 SH Put OTR 29,300 0 0
AEVI GENOMIC MEDICINE INC COM 00835P105 55 10,600 SH Put SOLE 10,600 0 0
ALERE INC COM 01449J105 4,276 109,700 SH Call OTR 109,700 0 0
ALERE INC COM 01449J105 1,575 40,400 SH Call SOLE 40,400 0 0
ALON USA ENERGY INC COM 020520102 161 14,153 SH   SOLE 14,153 0 0
AMERICAN CAP LTD COM 02503Y103 195 10,903 SH   SOLE 10,903 0 0
ANI PHARMACEUTICALS INC COM 00182C103 648 10,700 SH Put SOLE 10,700 0 0
ANI PHARMACEUTICALS INC COM 00182C103 1,836 30,300 SH Put OTR 30,300 0 0
ANI PHARMACEUTICALS INC NOTE 3.000%12/0 00182CAA1 3,808 3,305,000 PRN   OTR 3,305,000 0 0
ANI PHARMACEUTICALS INC NOTE 3.000%12/0 00182CAA1 1,377 1,195,000 PRN   SOLE 1,195,000 0 0
B/E AEROSPACE INC COM 073302101 602 10,000 SH   SOLE 10,000 0 0
BATS GLOBAL MKTS INC COM 05491G109 670 20,000 SH   SOLE 20,000 0 0
BIOCRYST PHARMACEUTICALS COM 09058V103 5,856 925,200 SH Call OTR 925,200 0 0
BIOCRYST PHARMACEUTICALS COM 09058V103 2,111 333,500 SH Call SOLE 333,500 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 350 28,000 SH   SOLE 28,000 0 0
CABELAS INC COM 126804301 468 8,000 SH   SOLE 8,000 0 0
CAROLINA BK HLDGS INC GREENS COM 143785103 273 10,572 SH   SOLE 10,572 0 0
CASCADE BANCORP COM NEW 147154207 162 20,000 SH   SOLE 20,000 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 494 1,715 SH   SOLE 1,715 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 2,358 8,190 SH   OTR 8,190 0 0
CHENIERE ENERGY PTNRS LP HLD COM REP LLC IN 16411W108 224 10,000 SH   SOLE 10,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 514 7,000 SH   SOLE 7,000 0 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 462 5,000 SH   SOLE 5,000 0 0
EVERBANK FINL CORP COM 29977G102 350 18,000 SH   SOLE 18,000 0 0
G & K SVCS INC CL A 361268105 386 4,000 SH   SOLE 4,000 0 0
HARMAN INTL INDS INC COM 413086109 389 3,500 SH   SOLE 3,500 0 0
HEADWATERS INC COM 42210P102 259 11,000 SH   SOLE 11,000 0 0
HORIZON PHARMA PLC SHS G4617B105 1,925 119,000 SH Call SOLE 119,000 0 0
HORIZON PHARMA PLC SHS G4617B105 592 36,600 SH Put OTR 36,600 0 0
HORIZON PHARMA PLC SHS G4617B105 5,305 327,900 SH Call OTR 327,900 0 0
HORIZON PHARMA PLC SHS G4617B105 354 21,890 SH   OTR 21,890 0 0
HORIZON PHARMA PLC SHS G4617B105 217 13,400 SH Put SOLE 13,400 0 0
IMMUNE DESIGN CORP COM 45252L103 114 20,900 SH Call OTR 20,900 0 0
INOTEK PHARMACEUTICALS CORP COM 45780V102 1,562 255,300 SH Call OTR 255,300 0 0
INOTEK PHARMACEUTICALS CORP COM 45780V102 562 91,900 SH Call SOLE 91,900 0 0
INOTEK PHARMACEUTICALS CORP COM 45780V102 511 83,500 SH Put OTR 83,500 0 0
INOTEK PHARMACEUTICALS CORP COM 45780V102 184 30,000 SH Put SOLE 30,000 0 0
INTERSIL CORP CL A 46069S109 223 10,000 SH   SOLE 10,000 0 0
INVENSENSE INC COM 46123D205 128 10,000 SH   SOLE 10,000 0 0
JOY GLOBAL INC COM 481165108 286 10,200 SH   SOLE 10,200 0 0
LA JOLLA PHARMACEUTICAL CO COM PAR $.0001 2 503459604 295 16,800 SH Put OTR 16,800 0 0
LANNET INC COM 516012101 1,044 47,400 SH Put OTR 47,400 0 0
LANNET INC COM 516012101 388 17,600 SH Put SOLE 17,600 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW 52729N308 282 5,000 SH   SOLE 5,000 0 0
MEDIA GEN INC NEW COM 58441K100 565 30,000 SH   SOLE 30,000 0 0
MEDICINES CO DBCV 1.375% 6/0 584688AC9 8,996 6,525,000 PRN   OTR 6,525,000 0 0
MEDICINES CO DBCV 1.375% 6/0 584688AC9 3,244 2,353,000 PRN   SOLE 2,353,000 0 0
MENTOR GRAPHICS CORP COM 587200106 627 17,000 SH   SOLE 17,000 0 0
MIDDLEBURG FINANCIAL CORP COM 596094102 313 9,000 SH   SOLE 9,000 0 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 2,175 2,205,000 PRN   OTR 2,205,000 0 0
NAVISTAR INTL CORP NEW NOTE 4.750% 4/1 63934EAS7 784 795,000 PRN   SOLE 795,000 0 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 149 10,000 SH   SOLE 10,000 0 0
NORTHSTAR RLTY FIN CORP COM 66704R803 152 10,000 SH   SOLE 10,000 0 0
NXP SEMICONDUCTORS N V COM N6596X109 245 2,500 SH   SOLE 2,500 0 0
PACIRA PHARMACEUTICALS INC NOTE 3.250% 2/0 695127AB6 7,274 5,145,000 PRN   OTR 5,145,000 0 0
PACIRA PHARMACEUTICALS INC NOTE 3.250% 2/0 695127AB6 544 385,000 PRN   SOLE 385,000 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 517 33,600 SH Put OTR 33,600 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 191 12,400 SH Put SOLE 12,400 0 0
PARATEK PHARMACEUTICALS INC COM 699374302 158 10,290 SH   OTR 10,290 0 0
PRIVATEBANCORP INC COM 742962103 650 12,000 SH   SOLE 12,000 0 0
REYNOLDS AMERICAN INC COM 761713106 841 15,000 SH   SOLE 15,000 0 0
RITE AID CORP COM 767754104 843 102,255 SH   OTR 102,255 0 0
RITE AID CORP COM 767754104 469 56,868 SH   SOLE 56,868 0 0
RITE AID CORP COM 767754104 1,958 237,900 SH Put OTR 237,900 0 0
RITE AID CORP COM 767754104 708 86,100 SH Put SOLE 86,100 0 0
ST JUDE MED INC COM 790849103 962 12,000 SH   SOLE 12,000 0 0
STILLWATER MNG CO NOTE 1.750%10/1 86074QAL6 5,403 4,224,000 PRN   SOLE 4,224,000 0 0
STILLWATER MNG CO NOTE 1.750%10/1 86074QAL6 14,976 11,707,000 PRN   OTR 11,707,000 0 0
SUFFOLK BANCORP COM 864739107 214 5,000 SH   SOLE 5,000 0 0
SYNUTRA INTL INC COM 87164C102 80 15,000 SH   SOLE 15,000 0 0
TEAM HEALTH HOLDINGS INC COM 87817A107 521 12,000 SH   SOLE 12,000 0 0
TESARO INC NOTE 3.000%10/0 881569AA5 57,806 14,887,000 PRN   OTR 14,887,000 0 0
TESARO INC NOTE 3.000%10/0 881569AA5 24,735 6,370,000 PRN   SOLE 6,370,000 0 0
TIME WARNER INC COM NEW 887317303 212 2,200 SH   SOLE 2,200 0 0
VALSPAR CORP COM 920355104 363 3,500 SH   SOLE 3,500 0 0
VECTOR GROUP LTD COM 92240M108 3,304 145,300 SH Put OTR 145,300 0 0
VECTOR GROUP LTD COM 92240M108 1,194 52,500 SH Put SOLE 52,500 0 0
VECTOR GROUP LTD FRNT 1/1 92240MAY4 27,556 17,636,000 PRN   OTR 17,636,000 0 0
VECTOR GROUP LTD FRNT 1/1 92240MAY4 9,944 6,364,000 PRN   SOLE 6,364,000 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 24,545 11,025,000 PRN   OTR 11,025,000 0 0
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 8,850 3,975,000 PRN   SOLE 3,975,000 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 4,166 56,500 SH Call SOLE 56,500 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 10,014 135,800 SH Put OTR 135,800 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 3,606 48,900 SH Put SOLE 48,900 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 11,511 156,100 SH Call OTR 156,100 0 0
WABASH NATL CORP NOTE 3.375% 5/0 929566AH0 4,242 2,939,000 PRN   OTR 2,939,000 0 0
WABASH NATL CORP NOTE 3.375% 5/0 929566AH0 1,532 1,061,000 PRN   SOLE 1,061,000 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 399 17,000 SH   SOLE 17,000 0 0
WHITEWAVE FOODS CO COM 966244105 612 11,000 SH   SOLE 11,000 0 0
WRIGHT MED GROUP N V RIGHT 03/01/2019 N96617126 40 30,541 SH   SOLE 30,541 0 0
YADKIN FINL CORP COM 984305102 685 20,000 SH   SOLE 20,000 0 0
ZOGENIX INC COM NEW 98978L204 342 28,100 SH Call SOLE 28,100 0 0
ZOGENIX INC COM NEW 98978L204 929 76,300 SH Call OTR 76,300 0 0