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
ACTUATE CORP COM 00508B102 7,828 1,186,033 SH   SOLE   1,186,033 0 0
ADEPT TECHNOLOGY INC COM NEW 006854202 3,333 384,009 SH   SOLE   384,009 0 0
ADEPT TECHNOLOGY INC COM NEW 006854202 115 13,300 SH Call SOLE   13,300 0 0
AIR LEASE CORP CL A 00912X302 72 2,100 SH Call SOLE   2,100 0 0
AIR LEASE CORP CL A 00912X302 7,071 206,100 SH Call SOLE   206,100 0 0
AIR LEASE CORP CL A 00912X302 3,705 108,000 SH Call SOLE   108,000 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 9,503 1,050,000 SH   SOLE   1,050,000 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 5,449 602,100 SH Put SOLE   602,100 0 0
AUDIENCE INC COM 05070J102 510 115,941 SH   SOLE   115,941 0 0
BANCORP INC DEL COM 05969A105 11,753 1,079,289 SH   SOLE   1,079,289 0 0
BRIDGEPOINT ED INC COM 10807M105 9,407 830,969 SH   SOLE   830,969 0 0
BRIDGEPOINT ED INC COM 10807M105 758 67,000 SH Call SOLE   67,000 0 0
BRIDGEPOINT ED INC COM 10807M105 3,396 300,000 SH Call SOLE   300,000 0 0
BRIGHTCOVE INC COM 10921T101 5,915 760,304 SH   SOLE   760,304 0 0
CACHE INC COM NEW 127150308 325 1,727,057 SH   SOLE   1,727,057 0 0
CASTLE A M & CO COM 148411101 3,435 430,492 SH   SOLE   430,492 0 0
CENVEO INC COM 15670S105 2,220 1,057,178 SH   SOLE   1,057,178 0 0
CITI TRENDS INC COM 17306X102 4,306 170,545 SH   SOLE   170,545 0 0
CLIFTON BANCORP INC COM 186873105 6,624 487,400 SH   SOLE   487,400 0 0
CODEXIS INC COM 192005106 9,341 3,706,660 SH   SOLE   3,706,660 0 0
CONNS INC COM 208242107 2,804 150,000 SH Call SOLE   150,000 0 0
CROCS INC COM 227046109 9,250 740,610 SH   SOLE   740,610 0 0
CROCS INC COM 227046109 2,085 166,900 SH Call SOLE   166,900 0 0
CROWN MEDIA HLDGS INC CL A 228411104 7,091 2,003,052 SH   SOLE   2,003,052 0 0
DEAN FOODS CO NEW COM NEW 242370203 8,014 413,500 SH Call SOLE   413,500 0 0
DEAN FOODS CO NEW COM NEW 242370203 2,971 153,300 SH Call SOLE   153,300 0 0
DEAN FOODS CO NEW COM NEW 242370203 1,550 80,000 SH Call SOLE   80,000 0 0
DIAMOND RESORTS INTL INC COM 25272T104 14,073 504,404 SH   SOLE   504,404 0 0
DOLBY LABORATORIES INC COM 25659T107 3,263 75,672 SH   SOLE   75,672 0 0
DOVER MOTORSPORTS INC COM 260174107 2,460 959,152 SH   SOLE   959,152 0 0
ELLIS PERRY INTL INC COM 288853104 4,741 182,857 SH   SOLE   182,857 0 0
EMMIS COMMUNICATIONS CORP CL A 291525103 1,432 766,001 SH   SOLE   766,001 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 5,590 752,324 SH   SOLE   752,324 0 0
FALCONSTOR SOFTWARE INC COM 306137100 4,495 3,354,336 SH   SOLE   3,354,336 0 0
FULL CIRCLE CAP CORP COM 359671104 1,846 408,320 SH   SOLE   408,320 0 0
IMPERIAL HLDGS INC DEBT 8.500% 2/1 452834AB0 1,381 1,131,000 PRN   SOLE   1,131,000 0 0
IMPERIAL HLDGS INC COM 452834104 9,033 1,385,460 SH   SOLE   1,385,460 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 12,528 41,300 SH Put SOLE   41,300 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 23,924 200,000 SH Put SOLE   200,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 53,829 450,000 SH Put SOLE   450,000 0 0
ISHARES TR U.S. REAL ES ETF 464287739 0 2 SH   SOLE   2 0 0
ISHARES TR U.S. REAL ES ETF 464287739 1,537 20,000 SH Put SOLE   20,000 0 0
ISIS PHARMACEUTICALS INC DEL NOTE 2.750/0 464337AG9 9,319 2,500,000 PRN   SOLE   2,500,000 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 3,825 398,000 SH   SOLE   398,000 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 7,015 730,000 SH Call SOLE   730,000 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 1,086 113,000 SH Call SOLE   113,000 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 1,708 177,700 SH Call SOLE   177,700 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 1,617 168,300 SH Call SOLE   168,300 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 1,932 201,000 SH Call SOLE   201,000 0 0
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 2,047 12,500 SH Put SOLE   12,500 0 0
KERYX BIOPHARMACEUTICALS INC COM 492515101 127 9,000 SH Put SOLE   9,000 0 0
KERYX BIOPHARMACEUTICALS INC COM 492515101 2,830 200,000 SH Put SOLE   200,000 0 0
LAKES ENTMNT INC COM NEW 51206P208 2,991 445,028 SH   SOLE   445,028 0 0
LENNAR CORP CL B 526057302 4,138 114,604 SH   SOLE   114,604 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 10,103 267,835 SH   SOLE   267,835 0 0
LIFE TIME FITNESS INC COM 53217R207 15,896 280,750 SH   SOLE   280,750 0 0
LINCOLN EDL SVCS CORP COM 533535100 2,171 775,530 SH   SOLE   775,530 0 0
LINKEDIN CORP COM CL A 53578A108 8,247 35,900 SH Put SOLE   35,900 0 0
MIDWAY GOLD CORP COM 598153104 4,187 6,111,127 SH   SOLE   6,111,127 0 0
NATIONAL RESH CORP CL A 637372202 2,858 204,273 SH   SOLE   204,273 0 0
NEWS CORP NEW CL A 65249B109 13,145 837,800 SH   SOLE   837,800 0 0
OCWEN FINL CORP COM NEW 675746309 6,196 410,300 SH   SOLE   410,300 0 0
OWENS RLTY MTG INC COM 690828108 7,931 541,339 SH   SOLE   541,339 0 0
PACIRA PHARMACEUTICALS INC NOTE 3.250% 2/0 695127AB6 18,324 5,100,000 PRN   SOLE   5,100,000 0 0
PAIN THERAPEUTICS INC COM 69562K100 3,527 1,737,442 SH   SOLE   1,737,442 0 0
PGT INC COM 69336V101 8,433 875,731 SH   SOLE   875,731 0 0
PHARMATHENE INC COM 71714G102 4,196 2,318,264 SH   SOLE   2,318,264 0 0
PIER 1 IMPORTS INC COM 720279108 3,636 236,100 SH   SOLE   236,100 0 0
QAD INC CL A 74727D306 2,651 117,184 SH   SOLE   117,184 0 0
QAD INC CL B 74727D207 3,614 192,240 SH   SOLE   192,240 0 0
RADIANT LOGISTICS INC COM 75025X100 5,302 1,253,518 SH   SOLE   1,253,518 0 0
RED LION HOTELS CORP COM 756764106 3,718 586,375 SH   SOLE   586,375 0 0
REGIONAL MGMT CORP COM 75902K106 10,340 653,996 SH   SOLE   653,996 0 0
REGIONAL MGMT CORP COM 75902K106 3,241 205,000 SH Call SOLE   205,000 0 0
RENT A CTR INC NEW COM 76009N100 1,558 42,900 SH Call SOLE   42,900 0 0
REPUBLIC BANCORP KY CL A 760281204 4,913 198,735 SH   SOLE   198,735 0 0
SCICLONE PHARMACEUTICALS INC COM 80862K104 12,172 1,389,525 SH   SOLE   1,389,525 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 14,033 1,102,331 SH   SOLE   1,102,331 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 1,214 95,400 SH Call SOLE   95,400 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 10,894 855,800 SH Call SOLE   855,800 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 4,547 357,200 SH Call SOLE   357,200 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 7,638 600,000 SH Call SOLE   600,000 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 8,911 700,000 SH Call SOLE   700,000 0 0
SEARS HLDGS CORP COM 812350106 7,920 161,000 SH Call SOLE   161,000 0 0
SEARS HLDGS CORP COM 812350106 11,943 242,800 SH Call SOLE   242,800 0 0
SEARS HOMETOWN & OUTLET STOR COM 812362101 1,759 133,789 SH   SOLE   133,789 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 4,998 248,400 SH   SOLE   248,400 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 1,308 65,000 SH Call SOLE   65,000 0 0
SOTHEBYS COM 835898107 2,401 55,600 SH Call SOLE   55,600 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,679 50,000 SH Put SOLE   50,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,760 15,500 SH Put SOLE   15,500 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 3,407 30,000 SH Put SOLE   30,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,679 50,000 SH Put SOLE   50,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 11,358 100,000 SH Put SOLE   100,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 12,332 60,000 SH Call SOLE   60,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,554 100,000 SH Call SOLE   100,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 17,471 85,000 SH Put SOLE   85,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 30,831 150,000 SH Put SOLE   150,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 14,388 70,000 SH Put SOLE   70,000 0 0
SUNCOKE ENERGY INC COM 86722A103 5,681 293,742 SH   SOLE   293,742 0 0
SYNERGETICS USA INC COM 87160G107 4,999 1,149,144 SH   SOLE   1,149,144 0 0
TFS FINL CORP COM 87240R107 4,037 271,187 SH   SOLE   271,187 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 7,390 2,246,331 SH   SOLE   2,246,331 0 0
UNITED RENTALS INC COM 911363109 5,529 54,200 SH Call SOLE   54,200 0 0
WHITEHORSE FIN INC COM 96524V106 1,357 117,513 SH   SOLE   117,513 0 0
WORLD ACCEP CORP DEL COM 981419104 7,945 100,000 SH Call SOLE   100,000 0 0
XPO LOGISTICS INC NOTE 4.500/0 983793AA8 10,593 4,135,000 PRN   SOLE   4,135,000 0 0