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
C&J ENERGY SVCS INC NEW COM 12674R100 1,790 151,936 SH   SOLE N/A 151,936 0 0
CHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 165167CY1 11,845 14,750,000 PRN   SOLE N/A 14,750,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 3,308 700,839 SH   SOLE N/A 700,839 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 20,606 21,168,000 PRN   SOLE N/A 21,168,000 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 948 1,459,016 SH   SOLE N/A 1,459,016 0 0
GRAY TELEVISION INC COM 389375106 4,584 279,712 SH   SOLE N/A 279,712 0 0
INTELSAT S A COM L5140P101 4,863 250,000 SH   SOLE N/A 250,000 0 0
INTELSAT S A COM L5140P101 4,863 250,000 SH Put SOLE N/A 250,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432 26,562 200,000 SH Call SOLE N/A 200,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 29,312 188,500 SH Put SOLE N/A 188,500 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 5,629 163,107 SH   SOLE N/A 163,107 0 0
MAXAR TECHNOLOGIES INC COM 57778K105 1,564 200,000 SH   SOLE N/A 200,000 0 0
MIDSTATES PETE CO INC COM PAR 59804T407 2,303 390,940 SH   SOLE N/A 390,940 0 0
OI S A SPONSORED ADR NE 670851500 1,634 813,110 SH   SOLE N/A 813,110 0 0
PG&E CORP COM 69331C108 5,648 246,432 SH   SOLE N/A 246,432 0 0
PRETIUM RES INC COM 74139C102 4,245 424,029 SH   SOLE N/A 424,029 0 0
PYXUS INTL INC COM 74737V106 213 14,000 SH   SOLE N/A 14,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 21,975 75,000 SH Put SOLE N/A 75,000 0 0
U S WELL SVCS INC *W EXP 03/15/202 91274U119 242 372,422 SH   SOLE N/A 372,422 0 0