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
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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
CHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 165167CY1 3,040 6,071,000 PRN   SOLE N/A 6,071,000 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 3,323 1,161,755 SH   SOLE N/A 1,161,755 0 0
DISH NETWORK CORP NOTE 3.375% 8/1 25470MAB5 11,611 11,968,000 PRN   SOLE N/A 11,968,000 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 404 807,970 SH   SOLE N/A 807,970 0 0
GRAY TELEVISION INC COM 389375106 2,910 135,744 SH   SOLE N/A 135,744 0 0
IHEARTMEDIA INC COM CL A 45174J509 602 35,627 SH   SOLE N/A 35,627 0 0
ISHARES TR 20 YR TR BD ETF 464287432 25,741 190,000 SH Call SOLE N/A 190,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 39,429 238,000 SH Put SOLE N/A 238,000 0 0
LORAL SPACE & COMMUNICATNS I COM 543881106 3,224 99,740 SH   SOLE N/A 99,740 0 0
MAXAR TECHNOLOGIES INC COM 57778K105 2,915 186,019 SH   SOLE N/A 186,019 0 0
MCDERMOTT INTL INC COM 580037703 100 147,860 SH   SOLE N/A 147,860 0 0
PRETIUM RES INC COM 74139C102 2,545 228,694 SH   SOLE N/A 228,694 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 1,200 36,000 SH   SOLE N/A 36,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 45,060 140,000 SH Put SOLE N/A 140,000 0 0
U S WELL SVCS INC *W EXP 03/15/202 91274U119 48 372,422 SH   SOLE N/A 372,422 0 0