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
ASCENT CAP GROUP INC COM SER A 043632108 65 86,384 SH   SOLE N/A 86,384 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 7,757 499,830 SH   SOLE N/A 499,830 0 0
CAESARS ENTMT CORP COM 127686103 7,188 827,202 SH   SOLE N/A 827,202 0 0
CHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 165167CY1 10,429 11,250,000 PRN   SOLE N/A 11,250,000 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 35,158 41,398,000 PRN   SOLE N/A 41,398,000 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 1,035 1,459,016 SH   SOLE N/A 1,459,016 0 0
GOGO INC COM 38046C109 754 167,948 SH   SOLE N/A 167,948 0 0
GRAY TELEVISION INC COM 389375106 5,112 239,312 SH   SOLE N/A 239,312 0 0
HALCON RES CORP COM PAR NEW 40537Q605 3,485 2,581,580 SH   SOLE N/A 2,581,580 0 0
INTELSAT S A COM L5140P101 10,962 700,000 SH Put SOLE N/A 700,000 0 0
INTELSAT S A COM L5140P101 11,934 762,045 SH   SOLE N/A 762,045 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 72,871 476,000 SH Put SOLE N/A 476,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 5,880 163,107 SH   SOLE N/A 163,107 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 5,373 549,940 SH   SOLE N/A 549,940 0 0
OI S A SPONSORED ADR NE 670851500 1,741 926,221 SH   SOLE N/A 926,221 0 0
PG&E CORP COM 69331C108 6,984 392,379 SH   SOLE N/A 392,379 0 0
PRETIUM RES INC COM 74139C102 6,669 779,129 SH   SOLE N/A 779,129 0 0
PYXUS INTL INC COM 74737V106 334 14,000 SH   SOLE N/A 14,000 0 0
SEADRILL LTD COM G7998G106 843 101,459 SH   SOLE N/A 101,459 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 57,061 202,000 SH Put SOLE N/A 202,000 0 0
U S WELL SVCS INC *W EXP 03/15/202 91274U119 376 372,422 SH   SOLE N/A 372,422 0 0