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
SENSATA TECHNOLOGIES SHS N7902X106 181 5,200 SH   DFND   0 5,200 0
SENSATA TECHNOLOGIES SHS N7902X106 1,214 34,800 SH   SOLE   34,800 0 0
AV HOMES INC COM 00234P102 613 50,199 SH   DFND   0 50,199 0
AV HOMES INC COM 00234P102 6,035 493,881 SH   SOLE   493,881 0 0
AMGEN INC COM 031162100 152 1,000 SH   DFND   0 1,000 0
AMGEN INC COM 031162100 989 6,500 SH   SOLE   6,500 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 2,699 20,500 SH   DFND   0 20,500 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 16,658 126,500 SH   SOLE   126,500 0 0
ATLANTIC CAPITAL BANCSHARES COM 048269203 1,970 136,208 SH   DFND   0 136,208 0
ATLANTIC CAPITAL BANCSHARES COM 048269203 11,614 803,159 SH   SOLE   803,159 0 0
BRIDGE BANCORP INC COM 108035106 13,116 461,814 SH   SOLE   461,814 0 0
CALLAWAY GOLF CO COM 131193104 120 11,800 SH   DFND   0 11,800 0
CALLAWAY GOLF CO COM 131193104 878 86,000 SH   SOLE   86,000 0 0
CITIGROUP INC COM NEW 172967424 2,459 58,000 SH   DFND   0 58,000 0
CITIGROUP INC COM NEW 172967424 5,918 139,600 SH Call DFND   0 139,600 0
CITIGROUP INC COM NEW 172967424 15,345 362,000 SH   SOLE   362,000 0 0
CITIGROUP INC COM NEW 172967424 37,252 878,800 SH Call SOLE   878,800 0 0
COGENT COMMUNICATIONS COM NEW 19239V302 2,585 64,525 SH   DFND   0 64,525 0
COGENT COMMUNICATIONS COM NEW 19239V302 15,639 390,400 SH   SOLE   390,400 0 0
WTS COMERICA EXP 11/14/18 *W EXP 11/14/2018 200340115 1,078 82,900 SH   DFND   0 82,900 0
WTS COMERICA EXP 11/14/18 *W EXP 11/14/2018 200340115 5,422 417,100 SH   SOLE   417,100 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 1,956 36,500 SH   DFND   0 36,500 0
DISCOVER FINANCIAL SERVICES COM 254709108 4,930 92,000 SH Call DFND   0 92,000 0
DISCOVER FINANCIAL SERVICES COM 254709108 12,781 238,500 SH   SOLE   238,500 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 29,903 558,000 SH Call SOLE   558,000 0 0
EASTERLY GOVERNMENT PROPERTY COM 27616P103 720 36,471 SH   DFND   0 36,471 0
EASTERLY GOVERNMENT PROPERTY COM 27616P103 4,920 249,362 SH   SOLE   249,362 0 0
EBAY INC COM 278642103 349 14,900 SH   DFND   0 14,900 0
EBAY INC COM 278642103 2,226 95,100 SH   SOLE   95,100 0 0
FIRST CONN BANCORP COM 319850103 109 6,600 SH   DFND   0 6,600 0
FIRST CONN BANCORP COM 319850103 719 43,400 SH   SOLE   43,400 0 0
FIRST NIAGARA FINANCIAL GROUP INC COM 33582V108 409 42,000 SH   DFND   0 42,000 0
FIRST NIAGARA FINANCIAL GROUP INC COM 33582V108 2,513 258,000 SH   SOLE   258,000 0 0
HONEYWELL INTL INC COM 438516106 163 1,400 SH   DFND   0 1,400 0
HONEYWELL INTL INC COM 438516106 1,000 8,600 SH   SOLE   8,600 0 0
IAC INTERACTIVECORP COM 44919P508 3,890 69,087 SH   DFND   0 69,087 0
IAC INTERACTIVECORP COM 44919P508 25,003 444,100 SH   SOLE   444,100 0 0
INTERDIGITAL INC COM 45867G101 3,678 66,050 SH   DFND   0 66,050 0
INTERDIGITAL INC COM 45867G101 21,893 393,200 SH   SOLE   393,200 0 0
INTRALINKS HLDG INC COM 46118H104 2,052 315,654 SH   DFND   0 315,654 0
INTRALINKS HLDG INC COM 46118H104 12,773 1,965,075 SH   SOLE   1,965,075 0 0
ISHARES TR 20 YR TR BD ETF 464287432 1,945 14,000 SH Put DFND   0 14,000 0
ISHARES TR 20 YR TR BD ETF 464287432 11,945 86,000 SH Put SOLE   86,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 26,733 232,500 SH Put DFND   0 232,500 0
ISHARES TR RUSSELL 2000 ETF 464287655 174,482 1,517,500 SH Put SOLE   1,517,500 0 0
JOHNSON & JOHNSON COM 478160104 170 1,400 SH   DFND   0 1,400 0
JOHNSON & JOHNSON COM 478160104 1,043 8,600 SH   SOLE   8,600 0 0
MARTIN MARIETTA MATERIALS COM 573284106 1,056 5,500 SH   DFND   0 5,500 0
MARTIN MARIETTA MATERIALS COM 573284106 6,048 31,500 SH   SOLE   31,500 0 0
MATCH GROUP COM 57665R106 1,614 107,078 SH   DFND   0 107,078 0
MATCH GROUP COM 57665R106 10,087 669,100 SH   SOLE   669,100 0 0
MCDONALDS CORP COM 580135101 253 2,100 SH   DFND   0 2,100 0
MCDONALDS CORP COM 580135101 1,853 15,400 SH   SOLE   15,400 0 0
MICROSOFT CORP COM 594918104 1,924 37,600 SH   DFND   0 37,600 0
MICROSOFT CORP COM 594918104 11,815 230,900 SH   SOLE   230,900 0 0
PJT PARTNERS INC COM CL A 69343T107 1,185 51,539 SH   DFND   0 51,539 0
PJT PARTNERS INC COM CL A 69343T107 7,489 325,600 SH   SOLE   325,600 0 0
PAYPAL HOLDINGS INC COM 70450Y103 69 1,900 SH   DFND   0 1,900 0
PAYPAL HOLDINGS INC COM 70450Y103 478 13,100 SH   SOLE   13,100 0 0
PEAPACK GLADSTONE FINCL CORP COM 704699107 12 643 SH   DFND   0 643 0
PEAPACK GLADSTONE FINCL CORP COM 704699107 74 4,005 SH   SOLE   4,005 0 0
PEPSICO INC COM 713448108 159 1,500 SH   DFND   0 1,500 0
PEPSICO INC COM 713448108 900 8,500 SH   SOLE   8,500 0 0
PFIZER INC COM 717081103 246 7,000 SH Call DFND   0 7,000 0
PFIZER INC COM 717081103 1,514 43,000 SH Call SOLE   43,000 0 0
REPUBLIC FIRST BANCORP INC COM 760416107 957 222,037 SH   DFND   0 222,037 0
REPUBLIC FIRST BANCORP INC COM 760416107 5,892 1,367,112 SH   SOLE   1,367,112 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 34,312 163,800 SH Put DFND   0 163,800 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 210,774 1,006,200 SH Put SOLE   1,006,200 0 0
SHUTTERFLY INC COM 82568P304 4,208 90,288 SH   DFND   0 90,288 0
SHUTTERFLY INC COM 82568P304 24,330 522,000 SH   SOLE   522,000 0 0
SIERRA BANCORP COM 82620P102 193 11,564 SH   DFND   0 11,564 0
SIERRA BANCORP COM 82620P102 1,145 68,610 SH   SOLE   68,610 0 0
SUFFOLK BANKCORP COM 864739107 414 13,215 SH   DFND   0 13,215 0
SUFFOLK BANKCORP COM 864739107 2,731 87,230 SH   SOLE   87,230 0 0
T-MOBILE US INC COM 872590104 1,023 23,650 SH   DFND   0 23,650 0
T-MOBILE US INC COM 872590104 6,017 139,050 SH   SOLE   139,050 0 0
TELETECH HOLDINGS INC COM 879939106 364 13,400 SH   DFND   0 13,400 0
TELETECH HOLDINGS INC COM 879939106 2,352 86,700 SH   SOLE   86,700 0 0
TIME WARNER INC COM NEW 887317303 1,588 21,600 SH   DFND   0 21,600 0
TIME WARNER INC COM NEW 887317303 9,810 133,400 SH   SOLE   133,400 0 0
TRIUMPH BANCORP INC COM 89679E300 433 27,073 SH   DFND   0 27,073 0
TRIUMPH BANCORP INC COM 89679E300 2,847 177,927 SH   SOLE   177,927 0 0
TWENTY FIRST CENTURY FOX INC CL B 90130A200 382 14,000 SH   DFND   0 14,000 0
TWENTY FIRST CENTURY FOX INC CL B 90130A200 2,344 86,000 SH   SOLE   86,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 78 2,800 SH   DFND   0 2,800 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 477 17,200 SH   SOLE   17,200 0 0