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
AV HOMES INC COM 00234P102 2,645 232,832 SH   DFND   0 232,832 0
AV HOMES INC COM 00234P102 3,503 308,400 SH   SOLE   308,400 0 0
ALPHABET INC CLASS A COMMON ST CAP STK CL C 02079K107 447 600 SH Call DFND   0 600 0
ALPHABET INC CLASS A COMMON ST CAP STK CL C 02079K107 3,278 4,400 SH Call SOLE   4,400 0 0
AMERICAN EXPRESS COM 025816109 436 7,100 SH   DFND   0 7,100 0
AMERICAN EXPRESS COM 025816109 1,216 19,800 SH Call DFND   0 19,800 0
AMERICAN EXPRESS COM 025816109 2,634 42,900 SH   SOLE   42,900 0 0
AMERICAN EXPRESS COM 025816109 7,994 130,200 SH Call SOLE   130,200 0 0
AMGEN INC COM 031162100 600 4,000 SH Call DFND   0 4,000 0
AMGEN INC COM 031162100 3,898 26,000 SH Call SOLE   26,000 0 0
ANHEUSER BUSCH CO. SPONSORED ADR 03524A108 2,556 20,500 SH   DFND   0 20,500 0
ANHEUSER BUSCH CO. SPONSORED ADR 03524A108 15,769 126,500 SH   SOLE   126,500 0 0
ATLANTIC CAPITAL BANCSHARES COM 048269203 1,899 136,208 SH   DFND   0 136,208 0
ATLANTIC CAPITAL BANCSHARES COM 048269203 11,196 803,159 SH   SOLE   803,159 0 0
SENSATA TECHNOLOGIES SHS N7902X106 202 5,200 SH   DFND   0 5,200 0
SENSATA TECHNOLOGIES SHS N7902X106 1,352 34,800 SH   SOLE   34,800 0 0
BRIDGE BANCORP INC COM 108035106 14,071 461,814 SH   SOLE   461,814 0 0
CALLAWAY GOLF CO COM 131193104 108 11,800 SH   DFND   0 11,800 0
CALLAWAY GOLF CO COM 131193104 784 86,000 SH   SOLE   86,000 0 0
CITIGROUP INC COM NEW 172967424 2,714 65,000 SH   DFND   0 65,000 0
CITIGROUP INC COM NEW 172967424 5,657 135,500 SH Call DFND   0 135,500 0
CITIGROUP INC COM NEW 172967424 16,909 405,000 SH   SOLE   405,000 0 0
CITIGROUP INC COM NEW 172967424 36,026 862,900 SH Call SOLE   862,900 0 0
COGENT COMMUNICATIONS COM NEW 19239V302 2,788 71,425 SH   DFND   0 71,425 0
COGENT COMMUNICATIONS COM NEW 19239V302 16,920 433,500 SH   SOLE   433,500 0 0
WTS COMERICA EXP 11/14/18 *W EXP 11/14/2018 200340115 1,106 82,900 SH   DFND   0 82,900 0
WTS COMERICA EXP 11/14/18 *W EXP 11/14/2018 200340115 5,564 417,100 SH   SOLE   417,100 0 0
DIAMOND RESORTS INTL COM 25272T104 554 22,800 SH Put DFND   0 22,800 0
DIAMOND RESORTS INTL COM 25272T104 3,698 152,200 SH Put SOLE   152,200 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 4,634 91,000 SH Call DFND   0 91,000 0
DISCOVER FINANCIAL SERVICES COM 254709108 2,393 47,000 SH   DFND   0 47,000 0
DISCOVER FINANCIAL SERVICES COM 254709108 28,464 559,000 SH Call SOLE   559,000 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 15,429 303,000 SH   SOLE   303,000 0 0
EASTERLY GOVERNMENT PROPERTY COM 27616P103 766 41,371 SH   DFND   0 41,371 0
EASTERLY GOVERNMENT PROPERTY COM 27616P103 5,176 279,462 SH   SOLE   279,462 0 0
EBAY INC COM 278642103 157 6,600 SH   DFND   0 6,600 0
EBAY INC COM 278642103 1,036 43,400 SH   SOLE   43,400 0 0
FIRST CONN BANCORP COM 319850103 105 6,600 SH   DFND   0 6,600 0
FIRST CONN BANCORP COM 319850103 693 43,400 SH   SOLE   43,400 0 0
FIRST NIAGARA FINANCIAL GROUP COM 33582V108 407 42,000 SH   DFND   0 42,000 0
FIRST NIAGARA FINANCIAL GROUP COM 33582V108 2,497 258,000 SH   SOLE   258,000 0 0
GOLDMAN SACHS GROUP COM 38141G104 926 5,900 SH Call DFND   0 5,900 0
GOLDMAN SACHS GROUP COM 38141G104 6,216 39,600 SH Call SOLE   39,600 0 0
HONEYWELL INTL INC COM 438516106 157 1,400 SH   DFND   0 1,400 0
HONEYWELL INTL INC COM 438516106 964 8,600 SH   SOLE   8,600 0 0
IAC INTERACTIVECORP COM 44919P508 3,253 69,087 SH   DFND   0 69,087 0
IAC INTERACTIVECORP COM 44919P508 20,908 444,100 SH   SOLE   444,100 0 0
INTERDIGITAL INC COM 45867G101 3,951 71,000 SH   DFND   0 71,000 0
INTERDIGITAL INC COM 45867G101 23,596 424,000 SH   SOLE   424,000 0 0
INTRALINKS HLDG COM 46118H104 2,469 313,358 SH   DFND   0 313,358 0
INTRALINKS HLDG COM 46118H104 15,374 1,951,075 SH   SOLE   1,951,075 0 0
ISHARESRUT2000 RUSSELL 2000 ETF 464287655 32,027 289,500 SH Put DFND   0 289,500 0
ISHARESRUT2000 RUSSELL 2000 ETF 464287655 211,359 1,910,500 SH Put SOLE   1,910,500 0 0
JOHNSON & JOHNSON COM 478160104 184 1,700 SH   DFND   0 1,700 0
JOHNSON & JOHNSON COM 478160104 1,169 10,800 SH   SOLE   10,800 0 0
MACYS COM 55616P104 154 3,500 SH   DFND   0 3,500 0
MACYS COM 55616P104 948 21,500 SH   SOLE   21,500 0 0
MARTIN MARIETTA MATERIALS COM 573284106 2,536 15,900 SH   DFND   0 15,900 0
MARTIN MARIETTA MATERIALS COM 573284106 15,488 97,100 SH   SOLE   97,100 0 0
MATCH GROUP COM 57665R106 1,397 126,300 SH   DFND   0 126,300 0
MATCH GROUP COM 57665R106 8,706 787,200 SH   SOLE   787,200 0 0
MCDONALDS COM 580135101 264 2,100 SH   DFND   0 2,100 0
MCDONALDS COM 580135101 1,935 15,400 SH   SOLE   15,400 0 0
MICROSOFT CORP COM 594918104 2,077 37,600 SH   DFND   0 37,600 0
MICROSOFT CORP COM 594918104 2,231 40,400 SH Call DFND   0 40,400 0
MICROSOFT CORP COM 594918104 12,753 230,900 SH   SOLE   230,900 0 0
MICROSOFT CORP COM 594918104 14,918 270,100 SH Call SOLE   270,100 0 0
ONE MAIN FINANCIAL COM 68268W103 143 5,200 SH   DFND   0 5,200 0
ONE MAIN FINANCIAL COM 68268W103 955 34,800 SH   SOLE   34,800 0 0
PJT PARTNERS INC COM CL A 69343T107 977 40,618 SH   DFND   0 40,618 0
PJT PARTNERS INC COM CL A 69343T107 6,097 253,500 SH   SOLE   253,500 0 0
PAYPAL HOLDINGS INC COM 70450Y103 73 1,900 SH   DFND   0 1,900 0
PAYPAL HOLDINGS INC COM 70450Y103 506 13,100 SH   SOLE   13,100 0 0
PEPSICO INC COM 713448108 154 1,500 SH   DFND   0 1,500 0
PEPSICO INC COM 713448108 441 4,300 SH Call DFND   0 4,300 0
PEPSICO INC COM 713448108 871 8,500 SH   SOLE   8,500 0 0
PEPSICO INC COM 713448108 2,634 25,700 SH Call SOLE   25,700 0 0
PFIZER INC COM 717081103 207 7,000 SH Call DFND   0 7,000 0
PFIZER INC COM 717081103 1,275 43,000 SH Call SOLE   43,000 0 0
PROCTOR GAMBLE COM 742718109 181 2,200 SH   DFND   0 2,200 0
PROCTOR GAMBLE COM 742718109 1,259 15,300 SH   SOLE   15,300 0 0
REPUBLIC FIRST BANCORP COM 760416107 935 222,088 SH   DFND   0 222,088 0
REPUBLIC FIRST BANCORP COM 760416107 5,759 1,368,012 SH   SOLE   1,368,012 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 29,389 143,000 SH Put DFND   0 143,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 196,683 957,000 SH Put SOLE   957,000 0 0
SHUTTERFLY INC COM 82568P304 4,374 94,321 SH   DFND   0 94,321 0
SHUTTERFLY INC COM 82568P304 25,466 549,200 SH   SOLE   549,200 0 0
SIERRA BANCORP COM 82620P102 244 13,429 SH   DFND   0 13,429 0
SIERRA BANCORP COM 82620P102 1,454 80,110 SH   SOLE   80,110 0 0
SUFFOLK BANKCORP COM 864739107 265 10,502 SH   DFND   0 10,502 0
SUFFOLK BANKCORP COM 864739107 1,730 68,530 SH   SOLE   68,530 0 0
T-MOBILE US INC COM 872590104 906 23,650 SH   DFND   0 23,650 0
T-MOBILE US INC COM 872590104 5,326 139,050 SH   SOLE   139,050 0 0
TELETECH HOLDINGS INC COM 879939106 333 12,000 SH   DFND   0 12,000 0
TELETECH HOLDINGS INC COM 879939106 2,168 78,100 SH   SOLE   78,100 0 0
TIME WARNER INC COM NEW 887317303 1,567 21,600 SH   DFND   0 21,600 0
TIME WARNER INC COM NEW 887317303 9,678 133,400 SH   SOLE   133,400 0 0
TRIUMPH BANCORP INC COM 89679E300 429 27,073 SH   DFND   0 27,073 0
TRIUMPH BANCORP INC COM 89679E300 2,817 177,927 SH   SOLE   177,927 0 0
TWENTY FIRST CENTURY FOX INC CL B 90130A200 395 14,000 SH   DFND   0 14,000 0
TWENTY FIRST CENTURY FOX INC CL B 90130A200 2,425 86,000 SH   SOLE   86,000 0 0
WAL MART STORES INC COM 931142103 178 2,600 SH   DFND   0 2,600 0
WAL MART STORES INC COM 931142103 1,192 17,400 SH   SOLE   17,400 0 0
WEBMD HEALTH COM 94770V102 357 5,700 SH   DFND   0 5,700 0
WEBMD HEALTH COM 94770V102 2,148 34,300 SH   SOLE   34,300 0 0