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
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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
Advent Software, Inc. COM 007974108 11,689 265,000 SH   SOLE   256,105 0 8,895
Aviv REIT, Inc. COM 05381L101 10,235 280,400 SH   SOLE   270,880 0 9,520
Carbonite Inc. COM 141337105 5,613 392,500 SH   SOLE   378,926 0 13,574
City National Corporation COM 178566105 13,496 151,500 SH   SOLE   147,380 0 4,120
Covisint Corporation COM 22357R103 253 124,685 SH   SOLE   122,441 0 2,244
DIRECTV COM 25490A309 17,020 200,000 SH   SOLE   195,870 0 4,130
Dresser-Rand Group, Inc. COM 261608103 13,499 168,000 SH   SOLE   168,000 0 0
Emulex Corporation COM NEW 292475209 4,302 539,797 SH   SOLE   521,619 0 18,178
Exelis Inc. COM 30162A108 10,479 430,000 SH   SOLE   430,000 0 0
Family Dollar Stores, Inc. COM 307000109 12,893 162,700 SH   SOLE   157,335 0 5,365
Fiat Chrysler Automobiles NV SHS N31738102 4,893 300,000 SH   SOLE   292,185 0 7,815
Freescale Semiconductor Ltd. SHS G3727Q101 12,717 312,000 SH   SOLE   301,000 0 11,000
Hospira, Inc. COM 441060100 11,858 135,000 SH   SOLE   130,295 0 4,705
Hudson City Bancorp, Inc. COM 443683107 20,515 1,957,541 SH   SOLE   1,907,341 0 50,200
Integrys Energy Group, Inc. COM 45822P105 12,235 169,890 SH   SOLE   163,785 0 6,105
Levy Aquisition Corp COM 52748T104 3,887 295,600 SH   SOLE   278,945 0 16,655
Liberty Interactive Corporatio INT COM SER A 53071M104 5,155 176,600 SH   SOLE   173,120 0 3,480
Mavenir Systems Inc. COM 577675101 8,189 461,600 SH   SOLE   445,995 0 15,605
National Interstate Corporatio COM 63654u100 9,061 322,669 SH   SOLE   316,024 0 6,645
Pepco Holdings, Inc. COM 713291102 18,927 705,444 SH   SOLE   689,904 0 15,540
Pharmacyclics, Inc. COM 716933106 11,518 45,000 SH   SOLE   43,460 0 1,540
Polypore International, Inc. COM 73179V103 11,774 199,895 SH   SOLE   193,340 0 6,555
RTI International Metals, Inc. COM 74973W107 11,348 316,000 SH   SOLE   305,870 0 10,130
Riverbed Technology, Inc. COM 768573107 6,482 310,000 SH   SOLE   299,865 0 10,135
Salix Pharmaceuticals, Ltd. COM 795435106 13,825 80,000 SH   SOLE   77,175 0 2,825
Sigma-Aldrich Corporation COM 826552101 13,345 96,525 SH   SOLE   96,525 0 0
Susquehanna Bancshares, Inc. COM 869099101 11,448 835,000 SH   SOLE   809,199 0 25,801
Talisman Energy, Inc COM 87425E103 11,520 1,500,000 SH   SOLE   1,448,770 0 51,230
ALTRIA GROUP INC COM 02209S103 36 725 SH   SOLE   0 0 725
ETFS PALLADIUM TRUST SH BEN INT 26923A106 650 9,189 SH   SOLE   0 0 9,189
EQUITY COMMONWEALTH COM SH BEN INT 294628102 13 500 SH   SOLE   0 0 500
iSHARES S-T NATL AMT FREE MUNI BOND ETF SHT NTLAMTFR ETF 464288158 502 4,750 SH   SOLE   0 0 4,750
MOSAIC CO (THE) COM 61945C103 1,183 24,970 SH   SOLE   0 0 24,970
OUTFRONT MEDIA INC COM 69007J106 75 2,500 SH   SOLE   0 0 2,500
PHILIP MORRIS INTERNATIONAL COM 718172109 56 725 SH   SOLE   0 0 725
WILLIAMS COS INC COM 969457100 115 2,250 SH   SOLE   0 0 2,250
WPX ENERGY INC COM 98212B103 9 749 SH   SOLE   0 0 749
XCEL ENERGY INC COM 98389B100 91 2,625 SH   SOLE   0 0 2,625