The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| AGILYSYS INC | COM | 00847J105 | 1,918 | 172,450 | SH | SOLE | 172,450 | 0 | 0 | ||
| ASHFORD HOSPITALITY PRIME IN | COM | 044102101 | 28,905 | 2,060,207 | SH | SOLE | 2,060,207 | 0 | 0 | ||
| ASHFORD INC | COM | 044104107 | 1,718 | 27,080 | SH | SOLE | 27,080 | 0 | 0 | ||
| ALLY FINL INC | COM | 02005N100 | 20,058 | 984,200 | SH | SOLE | 984,200 | 0 | 0 | ||
| AMBAC FINL GROUP INC | COM NEW | 023139884 | 7,959 | 550,000 | SH | SOLE | 550,000 | 0 | 0 | ||
| BLUCORA INC | COM | 095229100 | 950 | 68,981 | SH | SOLE | 68,981 | 0 | 0 | ||
| CABLE ONE INC | COM | 12685J105 | 7,393 | 17,626 | SH | SOLE | 17,626 | 0 | 0 | ||
| CHEMOURS CO | COM | 163851108 | 25,880 | 4,000,000 | SH | SOLE | 4,000,000 | 0 | 0 | ||
| CITIZENS FINL GROUP INC | COM | 174610105 | 39,287 | 1,646,584 | SH | SOLE | 1,646,584 | 0 | 0 | ||
| COMPX INTERNATIONAL INC | CL A | 20563P101 | 4,745 | 431,732 | SH | SOLE | 431,732 | 0 | 0 | ||
| COTY INC | COM CL A | 222070203 | 4,249 | 157,035 | SH | SOLE | 157,035 | 0 | 0 | ||
| DOMINION DIAMOND CORP | COM | 257287102 | 2,393 | 224,100 | SH | SOLE | 224,100 | 0 | 0 | ||
| E M C CORP MASS | COM | 268648102 | 1,812 | 75,000 | SH | SOLE | 75,000 | 0 | 0 | ||
| GENERAL MTRS CO | COM | 37045V100 | 1,501 | 50,000 | SH | SOLE | 50,000 | 0 | 0 | ||
| CENTRAL GOLDTRUST | TR UNIT | 153546106 | 1,283 | 32,344 | SH | SOLE | 32,344 | 0 | 0 | ||
| LAMAR ADVERTISING CO NEW | CL A | 512816109 | 749 | 14,351 | SH | SOLE | 14,351 | 0 | 0 | ||
| MSCI INC | COM | 55354G100 | 1,487 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 | 4,103 | 60,000 | SH | SOLE | 60,000 | 0 | 0 | ||
| NEWS CORP NEW | CL B | 65249B208 | 12,820 | 1,000,000 | SH | SOLE | 1,000,000 | 0 | 0 | ||
| NEWS CORP NEW | CL A | 65249B109 | 7,854 | 622,321 | SH | SOLE | 622,321 | 0 | 0 | ||
| OCEAN SHORE HLDG CO NEW | COM | 67501R103 | 3,274 | 203,580 | SH | SOLE | 203,580 | 0 | 0 | ||
| OTELCO INC | CL A NEW | 688823301 | 721 | 124,055 | SH | SOLE | 124,055 | 0 | 0 | ||
| RCS CAP CORP | COM CL A | 74937W102 | 316 | 390,000 | SH | SOLE | 390,000 | 0 | 0 | ||
| SUNEDISON SEMICONDUCTOR LTD | SHS | Y8213L102 | 9,946 | 943,666 | SH | SOLE | 943,666 | 0 | 0 | ||
| SHUTTERFLY INC | COM | 82568P304 | 533 | 14,900 | SH | SOLE | 14,900 | 0 | 0 | ||
| SEARS HOMETOWN & OUTLET STOR | COM | 812362101 | 6,541 | 816,610 | SH | SOLE | 816,610 | 0 | 0 | ||
| TIER REIT INC | COM NEW | 88650V208 | 11,173 | 759,064 | SH | SOLE | 759,064 | 0 | 0 | ||
| WINDSTREAM HLDGS INC | COM NEW | 97382A200 | 262 | 42,744 | SH | SOLE | 42,744 | 0 | 0 | ||
| YELP INC | CL A | 985817105 | 2,116 | 97,712 | SH | SOLE | 97,712 | 0 | 0 | ||
| OCWEN FINL CORP | COM NEW | 675746309 | 5,387 | 802,900 | SH | Call | SOLE | 802,900 | 0 | 0 | |
| RCS CAP CORP | COM CL A | 74937W102 | 157 | 193,600 | SH | Put | SOLE | 193,600 | 0 | 0 | |
| RCS CAP CORP | COM CL A | 74937W102 | 206 | 254,900 | SH | Put | SOLE | 254,900 | 0 | 0 | |
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 38,326 | 200,000 | SH | Put | SOLE | 200,000 | 0 | 0 | |