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
1 800 FLOWERS COM CL A 68243Q106 2,659 429,530 SH   SOLE 0 429,530 0 0
AIR TRANS SVCS GRP INC COM 00922R105 600 90,740 SH   SOLE 0 90,740 0 0
ALLIANCE HEALTHCARE SR COM PAR $0.01 018606301 1,003 64,121 SH   SOLE 0 64,121 0 0
AMERCO COM 023586100 4,417 27,285 SH   SOLE 0 27,285 0 0
AMERICAN INTL GROUP COM NEW 026874784 1,794 40,143 SH   SOLE 0 40,143 0 0
AMERICAN RLTY CAP PPTY COM 02917T104 8,096 530,565 SH   SOLE 0 530,565 0 0
CARRIAGE SVCS INC COM 143905107 4,626 272,899 SH   SOLE 0 272,899 0 0
CEDAR FAIR L P DEPOSITRY UNIT 150185106 4,047 97,759 SH   SOLE 0 97,759 0 0
CHATHAM LODGING TR COM 16208T102 840 48,900 SH   SOLE 0 48,900 0 0
CIT GROUP INC COM NEW 125581801 10,003 214,516 SH   SOLE 0 214,516 0 0
ENPRO INDS INC COM 29355X107 7,903 155,687 SH   SOLE 0 155,687 0 0
ENPRO INDS INC COM 29355X107 1,523 30,000 SH Call SOLE 0 30,000 0 0
FIRST CONN BANCORP INC COM 319850103 2,661 191,162 SH   SOLE 0 191,162 0 0
GAIN CAP HLDGS INC COM 36268W100 317 50,258 SH   SOLE 0 50,258 0 0
GREAT LAKE DREDGE DCK COM 390607109 16,067 2,054,545 SH   SOLE 0 2,054,545 0 0
ISHARES TRUST RUSSELL 2000 464287655 6,447 62,200 SH Put SOLE 0 62,200 0 0
ISHARES TRUST IBOXX INV CPBD 464287242 1,420 12,494 SH   SOLE 0 12,494 0 0
LEHIGH GAS PARTNERS LP UT LTD PTN INT 524814100 10,497 424,636 SH   SOLE 0 424,636 0 0
LENNAR CORP CL B 526057302 15,386 542,719 SH   SOLE 0 542,719 0 0
MAC-GRAY CORP COM 554153106 19,001 1,338,127 SH   SOLE 0 1,338,127 0 0
MACQUARIE INFRA CO LLC MEMBERSHIP INT 55608B105 14,989 280,431 SH   SOLE 0 280,431 0 0
MEDALLION FINL CORP COM 583928106 1,287 92,557 SH   SOLE 0 92,557 0 0
MGIC INVT CORP WIS COM 552848103 1,588 261,663 SH   SOLE 0 261,663 0 0
NACCO INDS INC CL A 629579103 545 9,510 SH   SOLE 0 9,510 0 0
NEWFIELD EXPL CO COM 651290108 3,207 134,221 SH   SOLE 0 134,221 0 0
PEOPLES FED BANCSHARES COM 711037101 1,910 105,711 SH   SOLE 0 105,711 0 0
PERCEPTRON INC COM 71361F100 2,795 354,233 SH   SOLE 0 354,233 0 0
STEWART ENTERPRISES CL A 860370105 625 47,600 SH   SOLE 0 47,600 0 0
SUNCOKE ENERGY INC COM 86722A103 3,092 220,569 SH   SOLE 0 220,569 0 0
SUNCOKE ENERGY PARTNERS LP COMUNIT REP LT 86722Y101 3,727 168,623 SH   SOLE 0 168,623 0 0
SUSSER HLDGS CORP COM 869233106 292 6,097 SH   SOLE 0 6,097 0 0
SUSSER PETE PARTNERS LP COM U REP LP 869239103 9,997 341,203 SH   SOLE 0 341,203 0 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 3,036 54,310 SH   SOLE 0 54,310 0 0
VERASTEM INC COM 92337C104 229 16,500 SH   SOLE 0 16,500 0 0
VITESSE SEMICONDUCTOR COM NEW 928497304 63 23,800 SH   SOLE 0 23,800 0 0