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
3-D SYS CORP DEL COM NEW 88554D205 8,873 150,000 SH Put SOLE   150,000 0 0
3-D SYS CORP DEL COM NEW 88554D205 3,549 60,000 SH Put SOLE   60,000 0 0
AARONS INC COM PAR $0.50 002535300 7,892 260,995 SH   SOLE   260,995 0 0
AEROPOSTALE COM 007865108 3,174 632,207 SH   SOLE   632,207 0 0
AEROPOSTALE COM 007865108 6,024 1,200,000 SH Put SOLE   1,200,000 0 0
AEROPOSTALE COM 007865108 2,008 400,000 SH Put SOLE   400,000 0 0
ALLIED NEVADA GOLD CORP COM 019344100 22 5,000 SH   SOLE   5,000 0 0
ALLIED NEVADA GOLD CORP COM 019344100 1,293 300,000 SH Call SOLE   300,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 1,464 40,000 SH Call SOLE   40,000 0 0
APOLLO ED GROUP INC CL A 037604105 4,109 120,000 SH Call SOLE   120,000 0 0
APOLLO ED GROUP INC CL A 037604105 1,085 31,700 SH Call SOLE   31,700 0 0
APPLE INC COM 037833100 8,051 15,000 SH Call SOLE   15,000 0 0
AUDIENCE INC COM 05070J102 4,703 376,240 SH   SOLE   376,240 0 0
AUDIENCE INC COM 05070J102 3,125 250,000 SH Call SOLE   250,000 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 2,446 90,000 SH   SOLE   90,000 0 0
BAKER HUGHES INC COM 057224107 4,551 70,000 SH Call SOLE   70,000 0 0
BAKER HUGHES INC COM 057224107 1,983 30,500 SH Call SOLE   30,500 0 0
BRIDGEPOINT ED INC COM 10807M105 6,713 450,860 SH   SOLE   450,860 0 0
BRIDGEPOINT ED INC COM 10807M105 4,556 306,000 SH Call SOLE   306,000 0 0
CITI TRENDS INC COM 17306X102 6,159 378,060 SH   SOLE   378,060 0 0
CODEXIS INC COM 192005106 6,069 2,974,933 SH   SOLE   2,974,933 0 0
CORONADO BIOSCIENCES INC COM 21976U109 1,728 872,713 SH   SOLE   872,713 0 0
CROCS INC COM 227046109 12,031 771,210 SH   SOLE   771,210 0 0
CROCS INC COM 227046109 435 27,900 SH Call SOLE   27,900 0 0
CROCS INC COM 227046109 4,969 318,500 SH Call SOLE   318,500 0 0
CROWN MEDIA HLDGS INC CL A 228411104 6,641 1,729,494 SH   SOLE   1,729,494 0 0
DOLBY LABORATORIES INC COM 25659T107 5,734 128,843 SH   SOLE   128,843 0 0
DOVER MOTORSPORTS INC COM 260174107 2,265 905,830 SH   SOLE   905,830 0 0
EBAY INC COM 278642103 4,259 77,102 SH   SOLE   77,102 0 0
EBAY INC COM 278642103 5,524 100,000 SH Call SOLE   100,000 0 0
ELECTRONIC ARTS INC COM 285512109 3,191 110,000 SH Put SOLE   110,000 0 0
ELECTRONIC ARTS INC COM 285512109 9,556 329,400 SH Put SOLE   329,400 0 0
EMERSON RADIO CORP COM NEW 291087203 29 14,097 SH   SOLE   14,097 0 0
EMMIS COMMUNICATIONS CORP CL A 291525103 1,006 314,375 SH   SOLE   314,375 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 5,061 397,580 SH   SOLE   397,580 0 0
EXAMWORKS GROUP INC COM 30066A105 1,751 50,000 SH Put SOLE   50,000 0 0
EXAMWORKS GROUP INC COM 30066A105 1,050 30,000 SH Put SOLE   30,000 0 0
FALCONSTOR SOFTWARE INC COM 306137100 4,180 2,645,297 SH   SOLE   2,645,297 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 6,728 214,000 SH   SOLE   214,000 0 0
FIRSTHAND TECH VALUE FD INC COM 33766Y100 838 39,246 SH   SOLE   39,246 0 0
FULL CIRCLE CAP CORP COM 359671104 829 106,612 SH   SOLE   106,612 0 0
GILEAD SCIENCES INC COM 375558103 4,606 65,000 SH   SOLE   65,000 0 0
GILEAD SCIENCES INC COM 375558103 9,212 130,000 SH Put SOLE   130,000 0 0
GLOBAL GEOPHYSICAL SVCS INC COM 37946S107 235 1,961,000 SH   SOLE   1,961,000 0 0
GRAHAM HLDGS CO COM 384637104 362 514 SH   SOLE   514 0 0
HARVEST NATURAL RESOURCES IN COM 41754V103 2,068 550,000 SH   SOLE   550,000 0 0
HURCO COMPANIES INC COM 447324104 6,804 255,034 SH   SOLE   255,034 0 0
IMPERIAL HLDGS INC DEBT 8.500% 2/1 452834AB0 1,222 1,131,000 PRN   SOLE   1,131,000 0 0
IMPERIAL HLDGS INC COM 452834104 9,452 1,643,776 SH   SOLE   1,643,776 0 0
INNERWORKINGS INC COM 45773Y105 5,842 762,646 SH   SOLE   762,646 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 5,624 400,000 SH   SOLE   400,000 0 0
ISHARES NASDQ BIOTEC ETF 464287556 14,184 60,000 SH Put SOLE   60,000 0 0
ISHARES NASDQ BIOTEC ETF 464287556 6,146 26,000 SH Put SOLE   26,000 0 0
ISHARES NASDQ BIOTEC ETF 464287556 7,092 30,000 SH Put SOLE   30,000 0 0
ISHARES NASDQ BIOTEC ETF 464287556 3,546 15,000 SH Put SOLE   15,000 0 0
ISHARES NASDQ BIOTEC ETF 464287556 9,456 40,000 SH Put SOLE   40,000 0 0
ISHARES RUSSELL 2000 ETF 464287655 11,634 100,000 SH   SOLE   100,000 0 0
ISHARES RUSSELL 2000 ETF 464287655 29,085 250,000 SH Put SOLE   250,000 0 0
ISIS PHARMACEUTICALS INC DEL NOTE 2.750/0 464337AG9 13,509 5,000,000 PRN   SOLE   5,000,000 0 0
LAKES ENTMNT INC COM 51206P109 3,887 777,388 SH   SOLE   777,388 0 0
LENNAR CORP CL B 526057302 12,617 386,551 SH   SOLE   386,551 0 0
LIBERTY INTERACTIVE CORP LBT VENT COM A 53071M880 11,730 90,000 SH   SOLE   90,000 0 0
LIFE TIME FITNESS INC COM 53217R207 14,475 300,939 SH   SOLE   300,939 0 0
LINKEDIN CORP COM CL A 53578A108 6,473 35,000 SH Put SOLE   35,000 0 0
MECHEL OAO SPON ADR PFD 583840509 235 712,281 SH   SOLE   712,281 0 0
MIDWAY GOLD CORP COM 598153104 4,024 3,832,091 SH   SOLE   3,832,091 0 0
NATIONAL OILWELL VARCO INC COM 637071101 3,115 40,000 SH   SOLE   40,000 0 0
NATIONAL RESH CORP CL A 637372202 2,264 136,451 SH   SOLE   136,451 0 0
NEWS CORP NEW CL A 65249B109 9,626 559,000 SH   SOLE   559,000 0 0
OWENS RLTY MTG INC COM 690828108 6,099 413,487 SH   SOLE   413,487 0 0
PEPSICO INC COM 713448108 8,350 100,000 SH Call SOLE   100,000 0 0
PRGX GLOBAL INC COM NEW 69357C503 302 43,547 SH   SOLE   43,547 0 0
QAD INC CL A 74727D306 2,318 113,484 SH   SOLE   113,484 0 0
QAD INC CL B 74727D207 3,002 176,511 SH   SOLE   176,511 0 0
QUESTCOR PHARMACEUTICALS INC COM 74835Y101 3,247 50,000 SH Put SOLE   50,000 0 0
QUESTCOR PHARMACEUTICALS INC COM 74835Y101 2,922 45,000 SH Put SOLE   45,000 0 0
RADIANT LOGISTICS INC COM 75025X100 3,316 1,073,193 SH   SOLE   1,073,193 0 0
RED LION HOTELS CORP COM 756764106 3,027 519,243 SH   SOLE   519,243 0 0
REPUBLIC BANCORP KY CL A 760281204 4,155 183,835 SH   SOLE   183,835 0 0
RUSH ENTERPRISES INC CL B 781846308 2,181 77,473 SH   SOLE   77,473 0 0
SCICLONE PHARMACEUTICALS INC COM 80862K104 8,017 1,762,051 SH   SOLE   1,762,051 0 0
SEARS HLDGS CORP COM 812350106 7,446 155,900 SH Call SOLE   155,900 0 0
SEARS HLDGS CORP COM 812350106 11,228 235,100 SH Call SOLE   235,100 0 0
SEARS HOMETOWN & OUTLET STOR COM 812362101 2,353 99,489 SH   SOLE   99,489 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 4,017 132,707 SH   SOLE   132,707 0 0
SELECT INCOME REIT COM SH BEN INT 81618T100 9,081 300,000 SH Call SOLE   300,000 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 6,615 150,000 SH Call SOLE   150,000 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 2,646 60,000 SH Call SOLE   60,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,236 10,000 SH Put SOLE   10,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,854 15,000 SH Put SOLE   15,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,181 50,000 SH Put SOLE   50,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,854 15,000 SH Put SOLE   15,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 18,701 100,000 SH Put SOLE   100,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 28,052 150,000 SH Put SOLE   150,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 28,052 150,000 SH Put SOLE   150,000 0 0
STEWART INFORMATION SVCS COR COM 860372101 4,788 136,290 SH   SOLE   136,290 0 0
SUNCOKE ENERGY INC COM 86722A103 8,539 373,842 SH   SOLE   373,842 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 7,692 2,118,967 SH   SOLE   2,118,967 0 0
ULTRATECH INC COM 904034105 4,962 170,000 SH   SOLE   170,000 0 0
UNITED RENTALS INC COM 911363109 4,734 49,862 SH   SOLE   49,862 0 0
UNITED RENTALS INC COM 911363109 4,747 50,000 SH Call SOLE   50,000 0 0
VISTAPRINT N V SHS N93540107 7,383 150,000 SH Call SOLE   150,000 0 0
WORKDAY INC CL A 98138H101 9,143 100,000 SH Put SOLE   100,000 0 0
WORLD ACCEP CORP DEL COM 981419104 2,448 32,600 SH   SOLE   32,600 0 0
WORLD ACCEP CORP DEL COM 981419104 3,416 45,500 SH Put SOLE   45,500 0 0
XPO LOGISTICS INC NOTE 4.500/0 983793AA8 9,513 5,000,000 PRN   SOLE   5,000,000 0 0
XYRATEX LTD COM G98268108 4,864 367,336 SH   SOLE   367,336 0 0