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
ACADIA Pharmaceuticals Inc. Common 004225108 1,003,772 30,800 SH   DFND Dorset 30,800 0 0
Affymetrix, Inc. Common 00826T108 20,096 1,600 SH   DFND Dorset 0 1,600 0
Affymetrix, Inc. Common 00826T108 2,265,824 180,400 SH   DFND Dorset 180,400 0 0
Alerian MLP Common 00162Q866 9,942 600 SH   OTR   0 600 0
AllianceBernstein Holdings LP Unit Ltd Common 01881G106 46,305 1,500 SH   OTR   1,500 0 0
AllianceBernstein Holdings LP Unit Ltd Common 01881G106 30,870 1,000 SH   OTR   0 1,000 0
Ambac Financial Group, Inc. Common 023139884 72,600 3,000 SH   DFND Dorset 0 3,000 0
Ambac Financial Group, Inc. Common 023139884 4,124,309 170,426 SH   DFND Dorset 170,426 0 0
Anadarko Petroleum Corporation Common 032511107 4,952,038 59,800 SH   DFND Dorset 59,800 0 0
Anadarko Petroleum Corporation Common 032511107 18,669,514 225,450 SH   DFND Dorset 0 225,450 0
Anadarko Petroleum Corporation Common 032511107 587,951 7,100 SH   OTR   0 7,100 0
Anadarko Petroleum Corporation Common 032511107 496,860 6,000 SH   OTR   6,000 0 0
Anchor Bancorp Common 032838104 112,550 5,000 SH   OTR   0 5,000 0
Anchor Bancorp Common 032838104 168,825 7,500 SH   OTR   7,500 0 0
Antero Resources Corporation Common 03674X106 7,064,000 200,000 SH   DFND Dorset 0 200,000 0
Apple Inc. Common 037833100 497,720 4,000 SH   DFND Dorset 4,000 0 0
Apple Inc. Common 037833100 65,326 525 SH   OTR   0 525 0
Apple Inc. Common 037833100 65,326 525 SH   OTR   525 0 0
AT&T Inc. Common 00206R102 91,420 2,800 SH   OTR   2,800 0 0
Auspex Pharmaceuticals, Inc. Common 05211J102 12,884,695 128,500 SH   DFND Dorset 128,500 0 0
Bank Nova Scotia Halifax Common 064149107 20,092 400 SH   OTR   0 400 0
Baker Hughes Incorporated Common 057224107 6,358,000 100,000 SH   DFND Dorset 0 100,000 0
Biota Pharmaceuticals, Inc. Common 090694100 3,450 1,500 SH   DFND Dorset 0 1,500 0
Biota Pharmaceuticals, Inc. Common 090694100 664,302 288,827 SH   DFND Dorset 288,827 0 0
Cabot Oil & Gas Corporation Common 127097103 13,583,800 460,000 SH   DFND Dorset 0 460,000 0
Cameron International Corporation Common 13342B105 4,060,800 90,000 SH   DFND Dorset 0 90,000 0
Canadian Natural Resources Ltd. Common 136385101 12,293,457 401,000 SH   DFND Dorset 0 401,000 0
Canadian Natural Resources Ltd. Common 136385101 422,263 13,750 SH   OTR   0 13,750 0
Canadian Natural Resources Ltd. Common 136385101 589,632 19,200 SH   OTR   19,200 0 0
Capitol Federal Financial, Inc. Common 14057J101 25,000 2,000 SH   DFND Dorset 0 2,000 0
Capitol Federal Financial, Inc. Common 14057J101 8,507,500 680,600 SH   DFND Dorset 680,600 0 0
Capitol Federal Financial, Inc. Common 14057J101 50,000 4,000 SH   OTR   0 4,000 0
Capitol Federal Financial, Inc. Common 14057J101 75,000 6,000 SH   OTR   6,000 0 0
Check Cap Ltd. Common M2361E112 768,295 139,690 SH   DFND Dorset 139,690 0 0
Check Cap Ltd. @7.50 Exp. 2/28/20 Common M2361E120 465,893 62,119 SH   DFND Dorset 62,119 0 0
China Ceramics Co. Ltd. Common G2113X100 437,995 377,582 SH   DFND Dorset 377,582 0 0
Cimarex Energy Co. Common 171798101 17,263,500 150,000 SH   DFND Dorset 0 150,000 0
Coca Cola Inc. Common 191216100 243,300 6,000 SH   OTR   6,000 0 0
Colony Financial Inc. Common 19624R106 25,920 1,000 SH   OTR   0 1,000 0
Columbia Laboratories, Inc. Common 197779200 414,580 66,760 SH   DFND Dorset 66,760 0 0
Concho Resources, Inc. Common 20605P101 17,967,600 155,000 SH   DFND Dorset 0 155,000 0
Continental Resources, Inc. Common 212015101 5,677,100 130,000 SH   DFND Dorset 0 130,000 0
Cousins Properties Inc. Common 222795106 142,337 13,428 SH   OTR   0 13,428 0
Devon Energy Corp. Common 25179M103 12,062,000 200,000 SH   DFND Dorset 0 200,000 0
Dow Chemical Company Common 260543103 38,384 800 SH   OTR   0 800 0
Du Pont E I De Nemours & Co. Common 263534109 228,704 3,200 SH   OTR   0 3,200 0
Du Pont E I De Nemours & Co. Common 263534109 257,292 3,600 SH   OTR   3,600 0 0
Eagle Materials Inc. Common 26969P108 19,052 228 SH   OTR   0 228 0
Eli Lilly & Co. Common 532457108 21,795 300 SH   OTR   0 300 0
Entegra Financial Corp. Common 29363J108 465,300 30,000 SH   DFND Dorset 30,000 0 0
Entegra Financial Corp. Common 29363J108 147,345 9,500 SH   OTR   0 9,500 0
Entegra Financial Corp. Common 29363J108 77,550 5,000 SH   OTR   5,000 0 0
Essex Rental Corporation Common 297187106 2,640 2,000 SH   DFND Dorset 0 2,000 0
Essex Rental Corporation Common 297187106 79,200 60,000 SH   DFND Dorset 60,000 0 0
FMC Technologies, Inc. Common 30249U101 4,441,200 120,000 SH   DFND Dorset 0 120,000 0
FNB Corp Common 302520101 117,012 8,905 SH   OTR   0 8,905 0
FutureFuel Corporation Common 36116M106 5,135 500 SH   DFND Dorset 0 500 0
FutureFuel Corporation Common 36116M106 1,589,837 154,804 SH   DFND Dorset 154,804 0 0
General Electric Common 369604103 89,316 3,600 SH   OTR   3,600 0 0
General Electric Common 369604103 29,772 1,200 SH   OTR   0 1,200 0
GlaxoSmithKline plc Common 37733W105 1,042,990 22,600 SH   DFND Dorset 22,600 0 0
Gulfport Energy Corporation Common 402635304 11,936,600 260,000 SH   DFND Dorset 0 260,000 0
Halliburton Company Common 406216101 7,898,400 180,000 SH   DFND Dorset 0 180,000 0
Hancock Fabrics, Inc. Common 409900107 27,317 32,138 SH   DFND Dorset 32,138 0 0
Hess Corporation Common 42809H107 13,574,000 200,000 SH   DFND Dorset 0 200,000 0
Hospitality Properties Trust Common 44106M102 32,990 1,000 SH   OTR   0 1,000 0
International Business Machines Corp. Common 459200101 687,582 4,284 SH   OTR   0 4,284 0
Iridium Communications, Inc. Common 46269C102 19,420 2,000 SH   DFND Dorset 0 2,000 0
Iridium Communications, Inc. Common 46269C102 3,281,980 338,000 SH   DFND Dorset 338,000 0 0
Johnson & Johnson Common 478160104 221,320 2,200 SH   OTR   0 2,200 0
Johnson & Johnson Common 478160104 523,120 5,200 SH   OTR   5,200 0 0
JP Morgan Chase & Co. Common 46625H100 533,104 8,800 SH   OTR   0 8,800 0
JP Morgan Chase & Co. Common 46625H100 890,526 14,700 SH   OTR   14,700 0 0
Kraft Foods Group Inc. Common 50076Q106 162,470 1,865 SH   OTR   0 1,865 0
Kraft Foods Group Inc. Common 50076Q106 267,007 3,065 SH   OTR   3,065 0 0
Ligand Pharmaceuticals Incorporated Common 53220K504 128,465 1,666 SH   DFND Dorset 0 1,666 0
Ligand Pharmaceuticals Incorporated Common 53220K504 96,098,877 1,246,257 SH   DFND Dorset 1,246,257 0 0
Ligand Pharmaceuticals Incorporated Common 53220K504 142,114 1,843 SH   OTR   0 1,843 0
Macquarie Infrastructure Common 55608B105 288,015 3,500 SH   OTR   3,500 0 0
Merck & Co. Inc. Common 58933Y105 45,984 800 SH   OTR   800 0 0
Merck & Co. Inc. Common 58933Y105 28,740 500 SH   OTR   0 500 0
Metronics Inc. Common 585055106 81,890 1,050 SH   OTR   0 1,050 0
Microsoft Corporation Common 594918104 2,738,114 67,350 SH   DFND Dorset 67,350 0 0
Microsoft Corporation Common 594918104 16,262 400 SH   OTR   400 0 0
Microsoft Corporation Common 594918104 40,655 1,000 SH   OTR   0 1,000 0
Mondelez Int'l Inc. Common 609207105 108,270 3,000 SH   OTR   0 3,000 0
Mondelez Int'l Inc. Common 609207105 108,270 3,000 SH   OTR   3,000 0 0
Noble Energy, Inc. Common 655044105 14,181,000 290,000 SH   DFND Dorset 0 290,000 0
Och-Ziff Capital Management Group Common 67551U105 25,280 2,000 SH   OTR   2,000 0 0
Oritani Financial Corp Common 68633D103 29,100 2,000 SH   OTR   0 2,000 0
Oritani Financial Corp Common 68633D103 87,300 6,000 SH   OTR   6,000 0 0
Parsley Energy, Inc. Common 701877102 4,474,400 280,000 SH   DFND Dorset 0 280,000 0
Peoples United Financial Common 712704105 22,800 1,500 SH   OTR   0 1,500 0
Petroleo Brasileiro SA Common 71654V408 4,207,000 700,000 SH   DFND Dorset 0 700,000 0
Pfizer Inc. Common 717081103 93,933 2,700 SH   DFND Dorset 0 2,700 0
Pfizer Inc. Common 717081103 31,578,048 907,676 SH   DFND Dorset 907,676 0 0
Pfizer Inc. Common 717081103 904,540 26,000 SH   OTR   0 26,000 0
Pfizer Inc. Common 717081103 2,087,400 60,000 SH   OTR   60,000 0 0
Physicians Realty Trust Common 71943U104 806,538 45,800 SH   DFND Dorset 45,800 0 0
Pioneer Natural Resources Company Common 723787107 17,986,100 110,000 SH   DFND Dorset 0 110,000 0
QLT Inc. Common 746927102 1,743,571 445,926 SH   DFND Dorset 445,926 0 0
Rand Logistics, Inc. Common 752182105 2,925 900 SH   DFND Dorset 0 900 0
Rand Logistics, Inc. Common 752182105 4,192,068 1,289,867 SH   DFND Dorset 1,289,867 0 0
Range Resources Corporation Common 75281A109 12,229,400 235,000 SH   DFND Dorset 0 235,000 0
Relypsa, Inc. Common 759531106 14,428 400 SH   DFND Dorset 0 400 0
Relypsa, Inc. Common 759531106 4,548,427 126,100 SH   DFND Dorset 126,100 0 0
Ryman Hospitality Pptys Inc. Common 78377T107 24,364 400 SH   OTR   400 0 0
Schlumberger Limited Common 806857108 15,436,400 185,000 SH   DFND Dorset 0 185,000 0
SM Energy Company Common 78454L100 15,504,000 300,000 SH   DFND Dorset 0 300,000 0
Southwestern Energy Company Common 845467109 7,768,650 335,000 SH   DFND Dorset 0 335,000 0
Spectrum Pharmaceuticals Inc. Common 84763A108 1,359,680 224,000 SH   DFND Dorset 224,000 0 0
Standard Financial Corp. Common 853393106 420,000 20,000 SH   DFND Dorset 20,000 0 0
Starwood Ppty Inc. Common 85571B105 9,720 400 SH   OTR   400 0 0
State Investors Bancorp, Inc. Common 857030100 630,000 30,000 SH   DFND Dorset 30,000 0 0
Sunshine Bancorp, Inc. Common 86777J108 248,002 20,000 SH   DFND Dorset 20,000 0 0
Sunshine Bancorp, Inc. Common 86777J108 24,800 2,000 SH   OTR   0 2,000 0
Sunshine Bancorp, Inc. Common 86777J108 74,400 6,000 SH   OTR   6,000 0 0
TheStreet Inc. Common 88368Q103 192,960 107,200 SH   DFND Dorset 107,200 0 0
Total SA Sponsored ADR Common 89151E109 144,014 2,900 SH   OTR   0 2,900 0
Total SA Sponsored ADR Common 89151E109 119,184 2,400 SH   OTR   2,400 0 0
U.S. Silica Holdings, Inc. Common 90346E103 6,943,950 195,000 SH   DFND Dorset 0 195,000 0
Verizon Communications Inc. Common 92343V104 68,082 1,400 SH   OTR   1,400 0 0
Verizon Communications Inc. Common 92343V104 12,790 263 SH   OTR   0 263 0
Wal-Mart Stores, Inc. Common 931142103 8,225 100 SH   DFND Dorset 0 100 0
Wal-Mart Stores, Inc. Common 931142103 781,375 9,500 SH   DFND Dorset 9,500 0 0
Whiting Petroleum Corporation Common 966387102 11,433,000 370,000 SH   DFND Dorset 0 370,000 0