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
ADVANCED EMISSIONS SOLUTIONS, INC COM 00770C101 9,380 1,024,068 SH   SOLE   1,024,068 0 0
AMAYA GAMING GROUP INC COM 02314M108 9,296 519,310 SH   SOLE   519,310 0 0
AMBAC FINANCIAL GROUP COM 023139884 3,579 206,300 SH   SOLE   206,300 0 0
BIOSCRIP, INC COM 09069N108 8,240 3,035,164 SH   SOLE   3,035,164 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 8,604 561,600 SH   SOLE   561,600 0 0
CLEAR CHANNEL COM 18451C109 2,636 543,467 SH   SOLE   543,467 0 0
CUMULUS MEDIA INC COM 231082603 321 713,858 SH   SOLE   713,858 0 0
DONNELLEY FINANCIAL SOLUTIONS COM 25787G100 2,296 100,000 SH   SOLE   100,000 0 0
FOREST CITY ENTERPRISES INC CL A 345605109 17,561 726,566 SH   SOLE   726,566 0 0
INTELSAT LUXEMBOURG SA COM L5140P101 301 98,403 SH   SOLE   98,403 0 0
MACERICH COMPANY COM 554382101 13,049 224,750 SH   SOLE   224,750 0 0
MACERICH COMPANY - $65C 12/15/2017 CALL 554382901 250 1,000 SH Call SOLE   1,000 0 0
MACYS INC COM 55616P104 12,259 527,500 SH   SOLE   527,500 0 0
MATLIN & PARTNERS ACQUISITION UNIT 57682V205 1,003 100,000 SH   SOLE   100,000 0 0
NII HOLDINGS INC COM 62913F508 206 255,699 SH   SOLE   255,699 0 0
NRG YIELD INC - CLASS C CL C 62942X405 5,858 332,833 SH   SOLE   332,833 0 0
NRG YIELD INC - CLASS A CL A 62942X306 3,705 217,167 SH   SOLE   217,167 0 0
PEABODY ENERGY COM 704551100 398 16,315 SH   SOLE   16,315 0 0
QUANTUM CORPORATION COM 747906501 3,727 477,182 SH   SOLE   477,182 0 0
SPIRIT REALTY CORP COM 84860W102 1,112 150,000 SH   SOLE   150,000 0 0
SUNCOKE ENERGY INC COM 86722A103 4,883 447,998 SH   SOLE   447,998 0 0
TENET HEALTHCARE CORP COM 88033G407 4,324 223,579 SH   SOLE   223,579 0 0
TIDEWATER INC COM 886423102 1,023 1,420,147 SH   SOLE   1,420,147 0 0
URBAN ONE, INC CL D 91705J204 1,291 573,749 SH   SOLE   573,749 0 0
VAALCO ENERGY COM 91851C201 1,126 1,203,767 SH   SOLE   1,203,767 0 0
WALTER INVESTMENT MANAGEMENT COM 93317W102 237 250,000 SH   SOLE   250,000 0 0