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
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 14,142 1,173,590 SH   OTR 1 0 1,173,590 0
AMBAC FINL GROUP INC COM NEW 023139884 27,940 1,481,447 SH   OTR 1 0 1,481,447 0
AMBAC FINL GROUP INC COM NEW 023139884 6,520 345,700 SH Call OTR 1 0 345,700 0
ANTERO RES CORP COM 03674X106 24,193 1,060,624 SH   OTR 1 0 1,060,624 0
ARMSTRONG FLOORING INC COM 04238R106 21,208 1,151,340 SH   OTR 1 0 1,151,340 0
ASHFORD HOSPITALITY PRIME IN COM 044102101 3,674 346,238 SH   OTR 1 0 346,238 0
ASHFORD INC COM 044104107 11,161 198,734 SH   OTR 1 0 198,734 0
BUILDERS FIRSTSOURCE INC COM 12008R107 57,335 3,848,000 SH   OTR 1 0 3,848,000 0
CAVIUM INC COM 14964U108 29,809 415,979 SH   OTR 1 0 415,979 0
CF INDS HLDGS INC COM 125269100 8,115 276,500 SH   OTR 1 0 276,500 0
COMPUGEN LTD ORD M25722105 18,217 4,236,522 SH   OTR 1 0 4,236,522 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 67,145 4,524,600 SH Call OTR 1 0 4,524,600 0
CVR PARTNERS LP COM 126633106 39,371 8,466,876 SH   OTR 1 0 8,466,876 0
DSP GROUP INC COM 23332B106 20,328 1,693,987 SH   OTR 1 0 1,693,987 0
DYNEGY INC NEW DEL COM 26817R108 5,098 648,560 SH   OTR 1 0 648,560 0
ENTRAVISION COMMUNICATIONS C CL A 29382R107 17,024 2,745,874 SH   OTR 1 0 2,745,874 0
FAMOUS DAVES AMER INC COM 307068106 2,378 617,715 SH   OTR 1 0 617,715 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 28,950 2,648,700 SH   OTR 1 0 2,648,700 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 27,689 2,533,300 SH Call OTR 1 0 2,533,300 0
GLOBANT S A COM L44385109 5,824 160,000 SH Put OTR 1 0 160,000 0
GULFMARK OFFSHORE INC CL A NEW 402629208 1,790 5,113,155 SH   OTR 1 0 5,113,155 0
HC2 HLDGS INC COM 404139107 1,157 186,636 SH   OTR 1 0 186,636 0
HORNBECK OFFSHORE SVCS INC N COM 440543106 15,926 3,595,000 SH   OTR 1 0 3,595,000 0
ILLINOIS TOOL WKS INC COM 452308109 17,221 130,000 SH Put OTR 1 0 130,000 0
IMMERSION CORP COM 452521107 24,675 2,849,289 SH   OTR 1 0 2,849,289 0
INTERMOLECULAR INC COM 45882D109 13,700 14,731,351 SH   OTR 1 0 14,731,351 0
ISHARES TR RUSSELL 2000 ETF 464287655 27,496 200,000 SH Put OTR 1 0 200,000 0
MARIN SOFTWARE INC COM 56804T106 5,474 3,041,382 SH   OTR 1 0 3,041,382 0
MRV COMMUNICATIONS INC COM NEW 553477407 22,544 2,136,864 SH   OTR 1 0 2,136,864 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 8,043 3,885,450 SH   OTR 1 0 3,885,450 0
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 679 475,000 SH   OTR 1 0 475,000 0
NUTANIX INC CL A 67059N108 27,315 1,455,268 SH   OTR 1 0 1,455,268 0
ORBCOMM INC COM 68555P100 11,927 1,248,899 SH   OTR 1 0 1,248,899 0
PACIFIC BIOSCIENCES CALIF IN COM 69404D108 25,549 4,941,712 SH   OTR 1 0 4,941,712 0
RADCOM LTD SHS NEW M81865111 12,385 576,050 SH   OTR 1 0 576,050 0
RANGE RES CORP COM 75281A109 30,080 1,033,671 SH   OTR 1 0 1,033,671 0
RENTECH INC COM NEW 760112201 2,183 4,366,781 SH   OTR 1 0 4,366,781 0
SCORPIO BULKERS INC COM Y7546A122 45,657 4,962,731 SH   OTR 1 0 4,962,731 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 51,585 250,000 SH Put OTR 1 0 250,000 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 117,870 500,000 SH Put OTR 1 0 500,000 0
STEEL PARTNERS HLDGS L P LTD PRTRSHIP U 85814R107 22,939 1,188,565 SH   OTR 1 0 1,188,565 0
TESLA INC COM 88160R101 20,873 75,000 SH Put OTR 1 0 75,000 0
VEON LTD SPONSORED ADR 91822M106 26,798 6,568,110 SH   OTR 1 0 6,568,110 0
WALTER INVT MGMT CORP COM 93317W102 2,748 2,544,204 SH   OTR 1 0 2,544,204 0