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 14,640 400,000 SH   SOLE 400,000 0 0
CASCADE MICROTECH INC COM 147322101 6,565 650,000 SH   SOLE 650,000 0 0
COMMUNITY BANKERS TR CORP COM 203612106 3,506 872,117 SH   SOLE 872,117 0 0
GENIE ENERGY LTD CL B 372284208 2,994 300,000 SH   SOLE 300,000 0 0
HONEYWELL INTL INC COM 438516106 4,638 50,000 SH   SOLE 50,000 0 0
IRIDEX CORP COM 462684101 8,260 925,000 SH   SOLE 925,000 0 0
LEGG MASON INC COM 524901105 5,287 107,800 SH   SOLE 107,800 0 0
METLIFE INC COM 59156R108 9,240 175,000 SH   SOLE 175,000 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 1,300 50,000 SH   SOLE 50,000 0 0
PAR PETROLEUM CORP COM 69888T207 3,696 185,000 SH   SOLE 185,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,181 50,000 SH   SOLE 50,000 0 0
SPECTRANETICS CORP COM 84760C107 4,468 147,400 SH   SOLE 147,400 0 0
TIMKEN CO COM 887389104 1,470 25,000 SH   SOLE 25,000 0 0
UNITED CONTL HLDGS INC COM 910047109 8,926 200,000 SH   SOLE 200,000 0 0
WORLD WRESTLING ENTMT INC CL A 98156Q108 5,600 193,900 SH   SOLE 193,900 0 0
WPX ENERGY INC COM 98212B103 13,523 750,000 SH   SOLE 750,000 0 0