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
ADVANCED MICRO DEVICES INC COM 007903107 11,340 1,000,000 SH Put DFND 1 1,000,000 0 0
ADVANCED MICRO DEVICES INC NOTE 2.125% 9/0 007903BD8 16,433 10,384,000 PRN   SOLE   10,384,000 0 0
ADVANCED MICRO DEVICES INC NOTE 2.125% 9/0 007903BD8 27,725 17,520,000 PRN   DFND 1 17,520,000 0 0
ADVANCED MICRO DEVICES INC NOTE 2.125% 9/0 007903BD8 3,933 2,485,000 PRN   DFND 2 2,485,000 0 0
ADVANSIX INC COM 00773T101 1,483 67,000 SH   SOLE   67,000 0 0
AK STL HLDG CORP COM 001547108 1,021 100,000 SH Call SOLE   100,000 0 0
AK STL HLDG CORP COM 001547108 10,210 1,000,000 SH Call DFND 1 1,000,000 0 0
ALCOA CORP COM 013872106 1,549 55,166 SH   SOLE   55,166 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 9,160 575,000 SH   DFND 1 575,000 0 0
ALLEGHENY TECHNOLOGIES INC NOTE 4.750% 7/0 01741RAG7 10,125 7,500,000 PRN   DFND 1 7,500,000 0 0
ANADARKO PETE CORP COM 032511107 7,845 112,500 SH   SOLE   112,500 0 0
ARCH COAL INC CL A 039380407 8,312 106,500 SH   SOLE   106,500 0 0
ARCONIC INC COM 03965L100 4,403 237,500 SH   SOLE   237,500 0 0
ARCONIC INC COM 03965L100 11,810 637,000 SH   DFND 1 637,000 0 0
ARCONIC INC COM 03965L100 13,944 1,500,000 SH Call DFND 1 1,500,000 0 0
ASCENT CAP GROUP INC COM SER A 043632108 2,276 140,000 SH   DFND 1 140,000 0 0
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 767 1,035,000 PRN   SOLE   1,035,000 0 0
ASCENT CAP GROUP INC NOTE 4.000% 7/1 043632AA6 3,095 4,175,000 PRN   DFND 1 4,175,000 0 0
BON-TON STORES INC COM 09776J101 595 405,000 SH   SOLE   405,000 0 0
BON-TON STORES INC COM 09776J101 1,938 1,318,356 SH   DFND 1 1,318,356 0 0
CENVEO INC COM NEW 15670S402 3,355 480,000 SH   DFND 1 480,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208 8,783 212,000 SH   SOLE   212,000 0 0
CONSOL ENERGY INC COM 20854P109 7,620 418,000 SH   SOLE   418,000 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 2,968 54,000 SH   SOLE   54,000 0 0
DYNEGY INC NEW DEL COM 26817R108 7,934 937,830 SH   SOLE   937,830 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 4,297 120,000 SH Call SOLE   120,000 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN 29273R109 26,858 750,000 SH Call DFND 1 750,000 0 0
FERRO CORP COM 315405100 16,269 1,135,276 SH   DFND 1 1,135,276 0 0
GRAY TELEVISION INC COM 389375106 11,935 1,100,000 SH   DFND 1 1,100,000 0 0
HALCON RES CORP COM PAR NEW 40537Q605 3,503 375,000 SH   SOLE   375,000 0 0
HALLIBURTON CO COM 406216101 8,114 150,000 SH   SOLE   150,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 53,940 400,000 SH Put SOLE   400,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 67,425 500,000 SH Put DFND 1 500,000 0 0
KINDRED HEALTHCARE INC COM 494580103 926 118,000 SH   SOLE   118,000 0 0
KINDRED HEALTHCARE INC COM 494580103 1,065 135,722 SH   DFND 1 135,722 0 0
LANTHEUS HLDGS INC COM 516544103 3,870 450,000 SH   DFND 1 450,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 28,902 48,987,000 PRN   SOLE   48,987,000 0 0
LIBERTY MEDIA CORP DEB 4.000%11/1 530715AG6 4,968 8,420,000 PRN   DFND 2 8,420,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 52,798 92,425,000 PRN   SOLE   92,425,000 0 0
LIBERTY MEDIA CORP DEB 3.750% 2/1 530715AL5 10,128 17,730,000 PRN   DFND 2 17,730,000 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 8,578 100,000 SH Put DFND 1 100,000 0 0
MACYS INC COM 55616P104 23,277 650,000 SH Call DFND 1 650,000 0 0
MAGNACHIP SEMICONDUCTOR CORP COM 55933J203 19,406 3,130,000 SH   DFND 1 3,130,000 0 0
OCLARO INC COM NEW 67555N206 13,336 1,490,000 SH   DFND 1 1,490,000 0 0
ORION ENGINEERED CARBONS S A COM L72967109 1,626 86,253 SH   SOLE   86,253 0 0
ORION ENGINEERED CARBONS S A COM L72967109 12,798 678,929 SH   DFND 1 678,929 0 0
PARKER DRILLING CO COM 701081101 8,255 3,175,000 SH   SOLE   3,175,000 0 0
PINNACLE ENTMT INC NEW COM 72348Y105 16,313 1,125,000 SH   DFND 1 1,125,000 0 0
RADIO ONE INC CL D NON VTG 75040P405 5,951 2,051,946 SH   DFND 1 2,051,946 0 0
RANGE RES CORP COM 75281A109 10,067 293,000 SH   SOLE   293,000 0 0
RITE AID CORP COM 767754104 10,300 1,250,000 SH   DFND 1 1,250,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 8,973 475,000 SH   SOLE   475,000 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 5,667 300,000 SH   DFND 1 300,000 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 2,382 101,164 SH   SOLE   101,164 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869 593 25,161 SH   DFND 2 25,161 0 0
SANOFI RIGHT 12/31/2020 80105N113 920 2,419,926 SH   SOLE   2,419,926 0 0
SANOFI RIGHT 12/31/2020 80105N113 3,743 9,848,889 SH   DFND 1 9,848,889 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 7,000 500,000 SH Call DFND 1 500,000 0 0
SELECT MED HLDGS CORP COM 81619Q105 10,931 825,000 SH   DFND 1 825,000 0 0
SEMGROUP CORP CL A 81663A105 7,995 191,500 SH   SOLE   191,500 0 0
SINCLAIR BROADCAST GROUP INC CL A 829226109 13,007 390,000 SH   DFND 1 390,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 8,602 795,000 SH   SOLE   795,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 190,671 853,000 SH Put SOLE   853,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,533,416 6,860,000 SH Put DFND 1 6,860,000 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 7,272 490,000 SH   DFND 1 490,000 0 0
TRECORA RES COM 894648104 615 44,400 SH   SOLE   44,400 0 0
TURNING PT BRANDS INC COM 90041L105 2,744 224,000 SH   SOLE   224,000 0 0
WILLIAMS COS INC DEL COM 969457100 10,588 340,000 SH   SOLE   340,000 0 0