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
BERKSHIRE HATHAWAY INC DEL CL A 084670108 549 2 SH   DFND 1,2 2 0 0
BIGLARI HLDGS INC COM 08986R101 10,338 31,018 SH   DFND 1 31,018 0 0
BIGLARI HLDGS INC COM 08986R101 121,893 365,726 SH   DFND 1,2 365,726 0 0
BIGLARI HLDGS INC COM 08986R101 218,051 654,237 SH   DFND 1,3 654,237 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 718,344 4,737,794 SH   DFND 1,3 4,737,794 0 0
INSIGNIA SYS INC COM 45765Y105 2,498 2,313,200 SH   DFND 1,3 2,313,200 0 0
INVESTORS TITLE CO COM 461804106 7,073 39,500 SH   DFND 1,2 39,500 0 0
UNICO AMERN CORP COM 904607108 5,324 527,100 SH   DFND 1,2 527,100 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 5,660 395,000 SH   DFND 1,2 395,000 0 0