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
ALON USA PARTNERS LP UT LTD UT LTDPART INT 02052T109 1,204 114,857 SH   SOLE   114,857 0 0
AMC ENTERTAINMENT HLDS-CL A CL A COM 00165C104 3,872 170,200 SH   SOLE   170,200 0 0
ANI PHARMACEUTICALS INC COM 00182C103 693 14,800 SH   SOLE   14,800 0 0
BOULEVARD ACQUISITION COR II CL A 10157Q102 50 4,954 SH   SOLE   4,954 0 0
CITIGROUP INC COM NEW 172967424 997 14,900 SH   SOLE   14,900 0 0
CAREER EDUCATION CORP COM 141665109 616 64,179 SH   SOLE   64,179 0 0
DOUBLE EAGLE ACQUISITION-A COM G28195124 43 4,333 SH   SOLE   4,333 0 0
ENBRIDGE ENERGY PARTNERS LP COM 29250R106 2,723 170,215 SH   SOLE   170,215 0 0
ELECTRUM SPECIAL ACQUISITION SHS G3105C104 10 973 SH   SOLE   973 0 0
ENTERCOM COMMUNICATIONS-CL A CL A 293639100 342 33,000 SH   SOLE   33,000 0 0
FOREST CITY REALTY TRUST- A COM CL A 345605109 2,327 96,258 SH   SOLE   96,258 0 0
FIRST NORTHWEST BANCORP COM 335834107 869 55,099 SH   SOLE   55,099 0 0
FIESTA RESTAURANT GROUP COM 31660B101 3,992 193,306 SH   SOLE   193,306 0 0
FIRST UNITED CORP COM 33741H107 194 13,010 SH   SOLE   13,010 0 0
GTY TECHNOLOGY HOLDINGS IN-A CL A G4182A102 195 19,300 SH   SOLE   19,300 0 0
HORIZON BANCORP INDIANA COM 440407104 218 8,269 SH   SOLE   8,269 0 0
HOPFED BANCORP INC COM 439734104 470 32,760 SH   SOLE   32,760 0 0
HUNTER MARITIME ACQUISITION CL A Y37828111 78 8,000 SH   SOLE   8,000 0 0
INTERACTIVE BROKERS COM 45841N107 2,829 75,600 SH   SOLE   75,600 0 0
J ALEXANDER'S HOLDINGS COM 46609J106 1,686 137,602 SH   SOLE   137,602 0 0
J. JILL INC COM 46620W102 597 48,613 SH   SOLE   48,613 0 0
JAMBA INC COM NEW 47023A309 4,454 571,753 SH   SOLE   571,753 0 0
JPMORGAN CHASE & CO COM 46625H100 667 7,300 SH   SOLE   7,300 0 0
KAYNE ANDERSON ACQUISITION-A COM CL A ADDED 48661U102 105 10,800 SH   SOLE   10,800 0 0
LANDCADIA HOLDINGS INC CL A 51476W107 324 32,000 SH   SOLE   32,000 0 0
LORAL SPACE & COMMUNICATIONS COM 543881106 5,528 133,041 SH   SOLE   133,041 0 0
MARCUS CORPORATION COM 566330106 1,191 39,426 SH   SOLE   39,426 0 0
MARLIN BUSINESS SERVICES INC COM 571157106 4,849 192,790 SH   SOLE   192,790 0 0
NORTHEAST BANCORP COM NEW 663904209 706 34,670 SH   SOLE   34,670 0 0
NATIONAL CINEMEDIA INC COM 635309107 1,372 184,900 SH   SOLE   184,900 0 0
NICHOLAS FINANCIAL INC COM NEW 65373J209 372 40,405 SH   SOLE   40,405 0 0
OFS CAPITAL CORP COM 67103B100 6,984 488,074 SH   SOLE   488,074 0 0
ORASURE TECHNOLOGIES INC COM 68554V108 1,547 89,618 SH   SOLE   89,618 0 0
POAGE BANKSHARES INC COM 730206109 913 47,939 SH   SOLE   47,939 0 0
PEOPLES FINANCIAL CORP/MISS COM 71103B102 132 9,741 SH   SOLE   9,741 0 0
SOUND FINANCIAL BANCORP INC COM 83607A100 383 12,560 SH   SOLE   12,560 0 0
STONEGATE BANK COM 861811107 4,847 104,966 SH   SOLE   104,966 0 0
SILVER RUN ACQUISITION COR-A COM CL A ADDED 82812A103 162 16,000 SH   SOLE   16,000 0 0
POWERSHARES DB US DOL IND BU DOLL INDX BULL 73936D107 9,086 367,100 SH   SOLE   367,100 0 0
VANTAGE ENERGY ACQUISITION-A COM CL A ADDED 92211L105 493 50,600 SH   SOLE   50,600 0 0
VEREIT INC COM 92339V100 1,778 218,473 SH   SOLE   218,473 0 0
WOLVERINE BANCORP INC COM 977880103 582 14,500 SH   SOLE   14,500 0 0
WCF BANCORP INC COM 92940L103 231 22,551 SH   SOLE   22,551 0 0
WELLS FARGO & CO NEW COM 949746101 1,500 27,077 SH   SOLE   27,077 0 0
WESTMORELAND COAL CO COM 960878106 123 25,200 SH   SOLE   25,200 0 0
WORLD POINT TERMINALS LP UNIT REP LTD PT 98159G107 617 35,683 SH   SOLE   35,683 0 0
Put BANC OF CALIFOR PUT 05990K956 7 1,495 SH Put SOLE   1,495 0 0
Put HOME BANCSHARES PUT 436893950 5 300 SH Put SOLE   300 0 0
Put ISHARES RUSSELL PUT 464286950 112 575 SH Put SOLE   575 0 0
Put SPDR S&P 500 ET PUT 78462F953 114 625 SH Put SOLE   625 0 0
WELLS FARGO & CO W EXP 10/28/2018 949746101 102 4,585 SH   SOLE   4,585 0 0