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
AMERICAN AIRLS GROUP INC COM 02376R102 6,776 160,000 SH   SOLE 160,000 0 0
BROADSOFT INC COM 11133B409 8,840 250,000 SH   SOLE 250,000 0 0
CAREDX INC COM 14167L103 4,800 750,000 SH   SOLE 750,000 0 0
CASCADE MICROTECH INC COM 147322101 15,164 933,180 SH   SOLE 933,180 0 0
COMMUNITY BANKERS TR CORP COM 203612106 5,826 1,085,000 SH   SOLE 1,085,000 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 12,673 250,000 SH   SOLE 250,000 0 0
DIME CMNTY BANCSHARES COM 253922108 875 50,000 SH   SOLE 50,000 0 0
GENIE ENERGY LTD CL B 372284208 1,850 165,924 SH   SOLE 165,924 0 0
HERITAGE COMMERCE CORP COM 426927109 1,196 100,000 SH   SOLE 100,000 0 0
HONEYWELL INTL INC COM 438516106 259 2,500 SH   SOLE 2,500 0 0
INTERNATIONAL SPEEDWAY CORP CL A 460335201 5,058 150,000 SH   SOLE 150,000 0 0
IRIDEX CORP COM 462684101 11,613 1,250,000 SH   SOLE 1,250,000 0 0
LEGG MASON INC COM 524901105 6,865 175,000 SH   SOLE 175,000 0 0
METLIFE INC COM 59156R108 169 3,500 SH   SOLE 3,500 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 11,380 833,719 SH   SOLE 833,719 0 0
PAR PACIFIC HOLDINGS INC COM NEW 69888T207 17,186 730,067 SH   SOLE 730,067 0 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 1,031 50,000 SH   SOLE 50,000 0 0
RENTECH NITROGEN PARTNERS L COM UNIT 760113100 5,459 515,000 SH   SOLE 515,000 0 0