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

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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
AMERICAN AIRLS GROUP INC COM 02376R102 10,100 400,000 SH   SOLE 400,000 0 0
CASCADE MICROTECH INC COM 147322101 6,058 650,000 SH   SOLE 650,000 0 0
COMMUNITY BANKERS TR CORP COM 203612106 3,279 872,117 SH   SOLE 872,117 0 0
CONSTELLIUM HOLDCO B V CL A N22035104 6,187 265,900 SH   SOLE 265,900 0 0
DOLBY LABORATORIES INC COM 25659T107 386 10,000 SH   SOLE 10,000 0 0
GENERAL ELECTRIC CO COM 369604103 6,307 225,000 SH   SOLE 225,000 0 0
GENIE ENERGY LTD CL B 372284208 3,063 300,000 SH   SOLE 300,000 0 0
HONEYWELL INTL INC COM 438516106 4,568 50,000 SH   SOLE 50,000 0 0
IRIDEX CORP COM 462684101 9,407 925,000 SH   SOLE 925,000 0 0
LEGG MASON INC COM 524901105 9,783 225,000 SH   SOLE 225,000 0 0
METLIFE INC COM 59156R108 14,289 265,000 SH   SOLE 265,000 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 1,692 62,800 SH   SOLE 62,800 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 2,690 200,000 SH   SOLE 200,000 0 0
PAR PETROLEUM CORP COM 69888T108 4,126 1,850,000 SH   SOLE 1,850,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,806 50,000 SH   SOLE 50,000 0 0
SPECTRANETICS CORP COM 84760C107 20,625 825,000 SH   SOLE 825,000 0 0
TIMKEN CO COM 887389104 8,811 160,000 SH   SOLE 160,000 0 0
UNITED CONTL HLDGS INC COM 910047109 15,132 400,000 SH   SOLE 400,000 0 0
WORLD WRESTLING ENTMT INC CL A 98156Q108 8,290 500,000 SH   SOLE 500,000 0 0
WPX ENERGY INC COM 98212B103 8,152 400,000 SH   SOLE 400,000 0 0