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
Abbott Common 002824100 11,314 230,915 SH   SOLE   230,915 0 0
Abbvie Common 00287Y109 15,649 232,915 SH   SOLE   232,915 0 0
AES Pfd 6.75% 00808N202 2,359 46,400 SH   SOLE   46,400 0 0
Allstate Common 020002101 21,653 333,800 SH   SOLE   333,800 0 0
Amerco Common 023586100 79,394 242,865 SH   SOLE   242,865 0 0
Agenus Common 00847G705 2,015 233,515 SH   SOLE   233,515 0 0
Ashland Common 044209104 3,047 25,000 SH   SOLE   25,000 0 0
Avista Common 05379B107 5,210 170,000 SH   SOLE   170,000 0 0
Sandridge Energy Common 80007P307 160 182,168 SH   SOLE   182,168 0 0
Sandridge Energy Pfd 8.5% 80007P604 1,290 60,000 SH   SOLE   60,000 0 0
Calpine Common 131347304 5,304 294,849 SH   SOLE   294,849 0 0
CMS Energy Common 125896100 7,004 220,000 SH   SOLE   220,000 0 0
BPZ Resources Cv 6.5% 055639aa6 540 3,000,000 PRN   SOLE   3,000,000 0 0
Bunge Common G16962105 8,780 100,000 SH   SOLE   100,000 0 0
Bunge Pfd 4.875% 032549322 4,076 37,400 SH   SOLE   37,400 0 0
DeCode Genetics Cv 3.5% 243586AB0 247 24,787,000 PRN   SOLE   24,787,000 0 0
Diamond Foods Common 252603105 10,135 323,000 SH   SOLE   323,000 0 0
Duke Energy Common 26441C204 8,403 119,000 SH   SOLE   119,000 0 0
Durect Common 266605104 2,064 863,609 SH   SOLE   863,609 0 0
Edap Common 268311107 5,087 1,565,494 SH   SOLE   1,565,494 0 0
Ennis Common 293389102 3,398 182,800 SH   SOLE   182,800 0 0
Exelexis Cv 4.25% 30161QAC8 1,334 1,500,000 PRN   SOLE   1,500,000 0 0
Exxon Common 30231G102 431 5,184 SH   SOLE   5,184 0 0
Flotek Common 343389102 9,827 784,335 SH   SOLE   784,335 0 0
Fluidigm Cv 2.75% 34385PAA6 1,763 2,000,000 PRN   SOLE   2,000,000 0 0
Nextera Energy Common 302571104 12,253 125,000 SH   SOLE   125,000 0 0
Gainsco Common 363127200 3,599 246,541 SH   SOLE   246,541 0 0
Gevo Cv 7.5% 374396AA7 1,222 2,000,000 PRN   SOLE   2,000,000 0 0
Hospira Common 441060100 887 10,000 SH   SOLE   10,000 0 0
IBM Common 459200101 26,106 160,500 SH   SOLE   160,500 0 0
WEC Energy Common 976657106 1,090 24,252 SH   SOLE   24,252 0 0
Actua Common 46059C205 1,996 140,000 SH   SOLE   140,000 0 0
Intrepid Potash Common 46121Y102 1,791 150,000 SH   SOLE   150,000 0 0
Kinross Common 496902404 800 344,848 SH   SOLE   344,848 0 0
Kellogg Common 487836108 278 4,436 SH   SOLE   4,436 0 0
Mannkind Cv 5.75% 56400PAC6 30,482 29,885,000 PRN   SOLE   29,885,000 0 0
Merck Common 589331107 14,767 259,400 SH   SOLE   259,400 0 0
Titan Wheel Common 88830m102 3,222 300,000 SH   SOLE   300,000 0 0
Titan Wheel Cv 5.625% 888305aa7 1,222 1,000,000 SH   SOLE   1,000,000 0 0
Omega Protein Common 68210P107 4,688 341,000 SH   SOLE   341,000 0 0
Perrigo Common BGH1M56 1,834 9,926 SH   SOLE   9,926 0 0
Petroquest Pfd 6.875% 716748207 5,278 203,000 SH   SOLE   203,000 0 0
Pfizer Common 717081103 15,267 455,332 SH   SOLE   455,332 0 0
Pepco Holding Common 713291102 1,640 60,900 SH   SOLE   60,900 0 0
Pernix Cv 4.25% 71426VAH1 900 1,000,000 PRN   SOLE   1,000,000 0 0
Phoenix Cos. Common 71902E604 4,639 254,352 SH   SOLE   254,352 0 0
RLI Common 749607107 7,581 147,520 SH   SOLE   147,520 0 0
Solitario Common 8342EP107 160 254,040 SH   SOLE   254,040 0 0
Supernus Common 868459108 11,793 694,581 SH   SOLE   694,581 0 0
Supernus Cv 7.5% 868459AA6 4,998 1,500,000 PRN   SOLE   1,500,000 0 0
Synergy Cv 7.5% 871639AA8 3,997 1,500,000 PRN   SOLE   1,500,000 0 0
US Ecology Common 91732J102 1,232 25,300 SH   SOLE   25,300 0 0
Astrotech Common 846243400 2,899 1,070,073 SH   SOLE   1,070,073 0 0
XM Sirius Common 82968B103 8,103 2,172,548 SH   SOLE   2,172,548 0 0
XEL Energy Common 98389B100 1,435 44,611 SH   SOLE   44,611 0 0