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 4,141 765,363 SH   OTR 1, 2 0 765,363 0
ALCATEL-LUCENT SPONSORED ADR 013904305 15,840 3,600,000 SH   OTR 1, 2 0 3,600,000 0
ALLIANCE HEALTHCARE SRVCS IN COM PAR $0.01 018606301 3,143 127,033 SH   OTR 1, 2 0 127,033 0
AMERICAN CAP LTD COM 02503Y103 10,948 700,000 SH   OTR 1, 2 0 700,000 0
ANNALY CAP MGMT INC COM 035710409 14,955 1,500,000 SH   OTR 1, 2 0 1,500,000 0
ANWORTH MORTGAGE ASSET CP COM 037347101 12,878 3,059,005 SH   OTR 1, 2 0 3,059,005 0
BANK OF AMERICA CORPORATION COM 060505104 12,302 790,100 SH Call OTR 1, 2 0 790,100 0
BEL FUSE INC CL B 077347300 2,999 140,713 SH   OTR 1, 2 0 140,713 0
BLUCORA INC COM 095229100 15,321 525,417 SH   OTR 1, 2 0 525,417 0
COMPUGEN LTD ORD M25722105 3,502 391,262 SH   OTR 1, 2 0 391,262 0
CONNS INC COM 208242107 11,804 150,000 SH Put OTR 1, 2 0 150,000 0
DERMA SCIENCES INC COM PAR $.01 249827502 1,191 110,088 SH   OTR 1, 2 0 110,088 0
DORAL FINL CORP COM PAR 0.01 25811P852 5,154 329,115 SH   OTR 1, 2 0 329,115 0
EQT CORP COM 26884L109 57,752 643,256 SH   OTR 1, 2 0 643,256 0
EQT CORP COM 26884L109 31,423 350,000 SH Call OTR 1, 2 0 350,000 0
EZCHIP SEMICONDUCTOR LIMITED ORD M4146Y108 14,363 583,612 SH   OTR 1, 2 0 583,612 0
FACEBOOK INC CL A 30303M102 43,719 800,000 SH   OTR 1, 2 0 800,000 0
FACEBOOK INC CL A 30303M102 5,465 100,000 SH Call OTR 1, 2 0 100,000 0
FACEBOOK INC CL A 30303M102 19,127 350,000 SH Put OTR 1, 2 0 350,000 0
GSI TECHNOLOGY COM 36241U106 16,626 2,503,978 SH   OTR 1, 2 0 2,503,978 0
GULFPORT ENERGY CORP COM NEW 402635304 28,409 450,000 SH   OTR 1, 2 0 450,000 0
JONES ENERGY INC COM CL A 48019R108 2,207 152,400 SH   OTR 1, 2 0 152,400 0
MERCURY SYS INC COM 589378108 1,036 94,634 SH   OTR 1, 2 0 94,634 0
MERU NETWORKS INC COM 59047Q103 53 12,202 SH   OTR 1, 2 0 12,202 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 6,602 1,262,266 SH   OTR 1, 2 0 1,262,266 0
PLX TECHNOLOGY INC COM 693417107 21,330 3,241,590 SH   OTR 1, 2 0 3,241,590 0
RANGE RES CORP COM 75281A109 18,295 217,000 SH   OTR 1, 2 0 217,000 0
RENTECH NITROGEN PARTNERS L COM UNIT 760113100 16,562 941,016 SH   OTR 1, 2 0 941,016 0
RESOURCE AMERICA INC CL A 761195205 10,287 1,099,069 SH   OTR 1, 2 0 1,099,069 0
RESOURCE CAP CORP COM 76120W302 6,926 1,167,946 SH   OTR 1, 2 0 1,167,946 0
SARATOGA INVT CORP COM NEW 80349A208 2,316 147,979 SH   OTR 1, 2 0 147,979 0
SARATOGA INVT CORP COM NEW 80349A208 2,662 170,098 SH   OTR 1 0 170,098 0
SONY CORP ADR NEW 835699307 5,187 300,000 SH Call OTR 1, 2 0 300,000 0
SPLUNK INC COM 848637104 1,730 25,200 SH Put OTR 1, 2 0 25,200 0
SPLUNK INC COM 848637104 1,215 17,700 SH Call OTR 1, 2 0 17,700 0
STANDARD REGISTER CO COM 853887206 4,692 681,986 SH   OTR 1, 2 0 681,986 0
TARO PHARMACEUTICAL INDS LTD SHS M8737E108 18,806 190,151 SH   OTR 1, 2 0 190,151 0
THESTREET INC COM 88368Q103 9,252 4,093,780 SH   OTR 1, 2 0 4,093,780 0
VERIZON COMMUNICATIONS INC COM 92343V104 14,742 300,000 SH Call OTR 1, 2 0 300,000 0
VIPSHOP HLDGS LTD SPONSORED ADR 92763W103 4,184 50,000 SH Put OTR 1, 2 0 50,000 0
VITESSE SEMICONDUCTOR CORP COM NEW 928497304 30,342 10,391,127 SH   OTR 1, 2 0 10,391,127 0
VITESSE SEMICONDUCTOR CORP DBCV 8.000% 6/1 928497AE6 9,288 8,639,676 PRN   OTR 1, 2 0 8,639,676 0
YRC WORLDWIDE INC COM PAR $.01 984249607 11,239 647,057 SH   OTR 1, 2 0 647,057 0
ZYNGA INC CL A 98986T108 14,817 3,899,205 SH   OTR 1, 2 0 3,899,205 0