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 10,622 230,915 SH   SOLE   230,915 0 0
Abbvie Common 00287Y109 13,509 232,915 SH   SOLE   232,915 0 0
AES Pfd 6.75% 00808N202 2,366 46,400 SH   SOLE   46,400 0 0
Allstate Common 020002101 23,699 333,800 SH   SOLE   333,800 0 0
Amerco Common 023586100 78,919 242,865 SH   SOLE   242,865 0 0
Agenus Common 00847G705 1,167 233,515 SH   SOLE   233,515 0 0
Ashland Common 044209104 3,175 25,000 SH   SOLE   25,000 0 0
Avista Common 05379B107 5,780 20,000 SH   SOLE   20,000 0 0
Sandridge Energy Common 80007P307 324 182,168 SH   SOLE   182,168 0 0
Sandridge Energy Pfd 8.5% 80007P604 2,400 60,000 SH   SOLE   60,000 0 0
Calpine Common 131347304 6,486 294,849 SH   SOLE   294,849 0 0
C&J Energy Common 12467B304 1,650 200,000 SH   SOLE   200,000 0 0
CMS Energy Common 125896100 7,700 20,000 SH   SOLE   20,000 0 0
BPZ Resources Cv 6.5% 055639aa6 480 3,000,000 PRN   SOLE   3,000,000 0 0
Bunge Common G16962105 8,200 100,000 SH   SOLE   100,000 0 0
Bunge Pfd 4.875% 032549322 3,889 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 10,336 323,000 SH   SOLE   323,000 0 0
Direct TV Common 25490A101 7,225 85,000 SH   SOLE   85,000 0 0
Duke Energy Common 26441C204 9,163 19,000 SH   SOLE   19,000 0 0
Durect Common 266605104 2,431 1,215,973 SH   SOLE   1,215,973 0 0
Edap Common 268311107 5,682 1,565,494 SH   SOLE   1,565,494 0 0
Ennis Common 293389102 1,369 97,800 SH   SOLE   97,800 0 0
Exelexis Cv 4.25% 30161QAC8 1,140 1,500,000 PRN   SOLE   1,500,000 0 0
Exxon Common 30231G102 440 5,184 SH   SOLE   5,184 0 0
Flotek Common 343389102 11,765 784,335 SH   SOLE   784,335 0 0
Nextera Energy Common 302571104 13,000 125,000 SH   SOLE   125,000 0 0
Gainsco Common 363127200 2,711 246,541 SH   SOLE   246,541 0 0
Gevo Cv 7.5% 374396AA7 1,000 2,000,000 PRN   SOLE   2,000,000 0 0
Hospira Common 441060100 870 10,000 SH   SOLE   10,000 0 0
IBM Common 459200101 22,160 138,500 SH   SOLE   138,500 0 0
Integrys Energy Common 92931B106 1,548 21,500 SH   SOLE   21,500 0 0
Actua Common 46059C205 2,170 140,000 SH   SOLE   140,000 0 0
Intrepid Potash Common 46121Y102 1,725 150,000 SH   SOLE   150,000 0 0
Kinross Common 496902404 772 344,848 SH   SOLE   344,848 0 0
Kellogg Common 487836108 292 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 15,045 259,400 SH   SOLE   259,400 0 0
Titan Wheel Common 88830m102 2,808 300,000 SH   SOLE   300,000 0 0
Titan Wheel Cv 5.625% 888305aa7 1,090 1,000,000 SH   SOLE   1,000,000 0 0
Omega Protein Common 68210P107 4,668 341,000 SH   SOLE   341,000 0 0
Synergy Cv 7.5% 871639AA8 2,900 2,000,000 PRN   SOLE   2,000,000 0 0
Perrigo Common BGH1M56 1,637 9,926 SH   SOLE   9,926 0 0
Petroquest Pfd 6.875% 716748207 4,770 203,000 SH   SOLE   203,000 0 0
Pfizer Common 717081103 15,936 455,332 SH   SOLE   455,332 0 0
Pepco Holding Common 713291102 1,644 60,900 SH   SOLE   60,900 0 0
Phoenix Cos. Common 71902E604 12,717 254,352 SH   SOLE   254,352 0 0
RLI Common 749607107 7,671 147,520 SH   SOLE   147,520 0 0
Solitario Common 8342EP107 190 254,040 SH   SOLE   254,040 0 0
Supernus Common 868459108 8,334 694,581 SH   SOLE   694,581 0 0
Supernus Cv 7.5% 868459AA6 3,615 1,500,000 PRN   SOLE   1,500,000 0 0
US Ecology Common 91732J102 1,265 25,300 SH   SOLE   25,300 0 0
Astrotech Common 846243400 3,210 1,070,073 SH   SOLE   1,070,073 0 0
XM Sirius Common 82968B103 8,299 2,172,548 SH   SOLE   2,172,548 0 0
XEL Energy Common 98389B100 1,561 44,611 SH   SOLE   44,611 0 0