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
AGENUS COM 00847G705 1,066 268,466 SH   SOLE   268,466 0 0
ALIMERA SCIENCES COM 016259103 5,855 1,056,809 SH   SOLE   1,056,809 0 0
AMAG PHARMACEUTICALS COM 00163U106 1,134 26,596 SH   SOLE   26,596 0 0
AMICUS THERAPEUTICS COM 03152W109 13,584 1,632,720 SH   SOLE   1,632,720 0 0
ANTARES PHARMA COM 036642106 598 232,762 SH   SOLE   232,762 0 0
ARRAY BIOPHARMA INC NOTE 3.000% 04269XAA3 1,229 1,315,000 PRN   SOLE   1,315,000 0 0
ASSEMBLY BIOSCIENCES COM 045396108 30 3,800 SH   SOLE   3,800 0 0
ATHENAHEALTH COM 04685W103 729 5,000 SH Put SOLE   5,000 0 0
BELLICUM PHARMACEUTICALS COM 079481107 1,054 45,750 SH   SOLE   45,750 0 0
BIOTELEMETRY COM 090672106 4,853 483,872 SH   SOLE   483,872 0 0
BUILD A BEAR WORKSHOP COM 120076104 1,784 88,740 SH   SOLE   88,740 0 0
CARDICA COM 14141R101 1,026 1,465,905 SH   SOLE   1,465,905 0 0
CARDIOME PHARMA CORP COM NO PAR 14159U301 2,807 303,477 SH   SOLE   303,477 0 0
CAS MED SYS INC COM PAR $0.004 124769209 862 522,467 SH   SOLE   522,467 0 0
CEMPRA COM 15130J109 3,874 164,800 SH Call SOLE   0 0 0
CEMPRA COM 15130J109 940 40,000 SH Put SOLE   40,000 0 0
CERUS COM 157085101 1,924 308,282 SH   SOLE   308,282 0 0
CERUS COM 157085101 1,248 200,000 SH Call SOLE   0 0 0
CHEMBIO DIAGNOSTICS COM 163572209 571 146,099 SH   SOLE   146,099 0 0
COMBIMATRIX CORPORATION COM 20009T303 1,101 853,278 SH   SOLE   853,278 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 74 2,963,721 SH   SOLE   2,963,721 0 0
CTI BIOPHARMA COM 12648L106 2,898 1,228,111 SH   SOLE   1,228,111 0 0
DEPOMED COM 249908104 1,465 90,958 SH   SOLE   90,958 0 0
EHEALTH COM 28238P109 1,732 69,519 SH   SOLE   69,519 0 0
ENANTA PHARMACEUTICALS COM 29251M106 2,264 44,528 SH   SOLE   44,528 0 0
EXELIXIS INC NOTE 4.250% 30161QAC8 3,613 6,474,000 PRN   SOLE   6,474,000 0 0
FORWARD PHARMA A/S SPONS ADR 34986J105 1,265 60,730 SH   SOLE   60,730 0 0
GENVEC COM 37246C307 738 354,784 SH   SOLE   354,784 0 0
GW PHARMACEUTICALS PLC ADS 36197T103 1,354 20,000 SH Call SOLE   0 0 0
HERON THERAPEUTICS COM 427746102 1,017 101,050 SH   SOLE   101,050 0 0
HISTOGENICS COM 43358V109 1,505 136,804 SH   SOLE   136,804 0 0
HORIZON PHARMA PLC SHS G4617B105 2,159 167,491 SH   SOLE   167,491 0 0
HORSEHEAD HLDG COM 440694305 1,086 68,577 SH   SOLE   68,577 0 0
HYPERION THERAPEUTICS COM 44915N101 1,451 60,462 SH   SOLE   60,462 0 0
IGNYTA COM 451731103 2,530 369,360 SH   SOLE   369,360 0 0
INNOCOLL AG SPONS ADR 45780Q103 974 164,108 SH   SOLE   164,108 0 0
INSMED COM PAR $.01 457669307 203 13,154 SH   SOLE   13,154 0 0
IRIDEX COM 462684101 1,797 208,933 SH   SOLE   208,933 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 27,513 230,000 SH Put SOLE   230,000 0 0
KINDRED BIOSCIENCES COM 494577109 1,280 171,807 SH   SOLE   171,807 0 0
LEMAITRE VASCULAR COM 525558201 3,542 463,000 SH   SOLE   463,000 0 0
MOL GLOBAL INC SPONS ADR 60845Q105 1,036 339,575 SH   SOLE   339,575 0 0
NANOSPHERE COM 63009F105 571 1,456,884 SH   SOLE   1,456,884 0 0
NEUROCRINE BIOSCIENCES COM 64125C109 704 31,500 SH Call SOLE   0 0 0
NPS PHARMACEUTICALS COM 62936P103 286 8,000 SH   SOLE   8,000 0 0
NPS PHARMACEUTICALS COM 62936P103 358 10,000 SH Call SOLE   0 0 0
ORTHOFIX INTL N V COM N6748L102 2,016 67,058 SH   SOLE   67,058 0 0
OXFORD IMMUNOTEC GLOBAL PLC ORD SHS 691497309 337 24,742 SH   SOLE   24,742 0 0
PAPA MURPHYS HLDGS COM 698814100 1,632 140,462 SH   SOLE   140,462 0 0
PARATEK PHARMACEUTICALS COM 699374302 1,128 29,252 SH   SOLE   29,252 0 0
PERNIX THERAPEUTICS HLDGS COM 71426V108 5,672 604,075 SH   SOLE   604,075 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 7,228 70,000 SH Put SOLE   70,000 0 0
PSIVIDA COM 74440J101 503 122,338 SH   SOLE   122,338 0 0
RECEPTOS COM 756207106 2,299 18,768 SH   SOLE   18,768 0 0
RRSAT GLOBAL COMM NTWRK LTD SHS M8183P102 2,890 401,424 SH   SOLE   401,424 0 0
SEQUENOM COM 817337405 574 155,135 SH   SOLE   155,135 0 0
TETRAPHASE PHARMACEUTICALS COM 88165N105 2,970 74,803 SH   SOLE   74,803 0 0
TRILLIUM THERAPEUTICS COM 89620X506 171 19,000 SH   SOLE   19,000 0 0
VASCULAR SOLUTIONS COM 92231M109 2,023 74,494 SH   SOLE   74,494 0 0
VERACYTE COM 92337F107 280 29,024 SH   SOLE   29,024 0 0
VERTEX PHARMACEUTICALS COM 92532F100 2,376 20,000 SH Call SOLE   0 0 0
VOLCANO CORPORATION COM 928645100 2,743 153,436 SH   SOLE   153,436 0 0
XENCOR COM 98401F105 353 22,011 SH   SOLE   22,011 0 0
ZAFGEN COM 98885E103 3,092 100,263 SH   SOLE   100,263 0 0