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
1ST CONSTITUTION BANCORP COM 31986N102 2,726 119,024 SH   OTR 1 2 0 119,024 0
ALCENTRA CAP CORP COM 01374T102 910 247,178 SH   OTR 1 2 0 247,178 0
ALLSTATE CORP COM 020002101 671 7,349 SH   OTR 1 2 0 7,349 0
ALLSTATE CORP COM 020002101 88 3,800 SH Call OTR 1 2 0 3,800 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 917 63,212 SH   OTR 1 2 0 63,212 0
AMERICAN INTL GROUP INC COM NEW 026874784 245 4,613 SH   OTR 1 2 0 4,613 0
AMERICAN INTL GROUP INC COM NEW 026874784 68 11,300 SH Call OTR 1 2 0 11,300 0
AMERIS BANCORP COM 03076K108 1,972 36,962 SH   OTR 1 2 0 36,962 0
APOLLO INVT CORP COM 03761U106 735 132,000 SH   OTR 1 2 0 132,000 0
APPLE INC COM 037833100 319 1,722 SH   OTR 1 2 0 1,722 0
ARALEZ PHARMACEUTICALS INC COM 03852X100 174 497,897 SH   OTR 1 2 0 497,897 0
ARBOR RLTY TR INC COM 038923108 2,428 232,759 SH   OTR 1 2 0 232,759 0
AT&T INC COM 00206R102 552 17,200 SH   OTR 1 2 0 17,200 0
AT&T INC COM 00206R102 18 10,000 SH Call OTR 1 2 0 10,000 0
BANC OF CALIFORNIA INC COM 05990K106 1,660 84,905 SH   OTR 1 2 0 84,905 0
BANCORP NEW JERSEY INC NEW COM 059915108 266 15,000 SH   OTR 1 2 0 15,000 0
BANK AMER CORP *W EXP 01/16/201 060505146 4,150 254,287 SH   OTR 1 2 0 254,287 0
BANK AMER CORP COM 060505104 52,292 1,857,127 SH   OTR 1 2 0 1,857,127 0
BANK AMER CORP COM 060505104 2,024 408,600 SH Call OTR 1 2 0 408,600 0
BANK COMM HLDGS COM 06424J103 284 22,300 SH   OTR 1 2 0 22,300 0
BANK NEW YORK MELLON CORP COM 064058100 108 2,005 SH   OTR 1 2 0 2,005 0
BANK NEW YORK MELLON CORP COM 064058100 575 38,800 SH Call OTR 1 2 0 38,800 0
BB&T CORP COM 054937107 3,191 63,265 SH   OTR 1 2 0 63,265 0
BB&T CORP COM 054937107 691 57,300 SH Call OTR 1 2 0 57,300 0
BECTON DICKINSON & CO COM 075887109 334 1,394 SH   OTR 1 2 0 1,394 0
BENEFICIAL BANCORP INC COM 08171T102 1,006 62,077 SH   OTR 1 2 0 62,077 0
BIOSCRIP INC COM 09069N108 100 34,075 SH   OTR 1 2 0 34,075 0
BRISTOL MYERS SQUIBB CO COM 110122108 154 2,788 SH   OTR 1 2 0 2,788 0
BRISTOL MYERS SQUIBB CO COM 110122108 189 14,700 SH Call OTR 1 2 0 14,700 0
BROOKLINE BANCORP INC DEL COM 11373M107 530 28,496 SH   OTR 1 2 0 28,496 0
CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 6,000 119,210 SH   OTR 1 2 0 119,210 0
CAPITAL ONE FINL CORP COM 14040H105 2,081 22,639 SH   OTR 1 2 0 22,639 0
CB FINL SVCS INC COM 12479G101 1,007 29,273 SH   OTR 1 2 0 29,273 0
CERUS CORP COM 157085101 2,542 381,099 SH   OTR 1 2 0 381,099 0
CHEMICAL FINL CORP COM 163731102 615 11,050 SH   OTR 1 2 0 11,050 0
CHUBB LIMITED COM H1467J104 207 1,628 SH   OTR 1 2 0 1,628 0
CIT GROUP INC COM NEW 125581801 1,226 24,325 SH   OTR 1 2 0 24,325 0
CIT GROUP INC COM NEW 125581801 210 13,000 SH Call OTR 1 2 0 13,000 0
CITIGROUP INC COM NEW 172967424 1,149 17,174 SH   OTR 1 2 0 17,174 0
CITIGROUP INC COM NEW 172967424 1,329 71,500 SH Call OTR 1 2 0 71,500 0
CITIZENS FINL GROUP INC COM 174610105 461 11,852 SH   OTR 1 2 0 11,852 0
CITIZENS FIRST CORP COM 17462Q107 651 25,000 SH   OTR 1 2 0 25,000 0
CNO FINL GROUP INC COM 12621E103 3,700 194,348 SH   OTR 1 2 0 194,348 0
CODORUS VY BANCORP INC COM 192025104 307 10,000 SH   OTR 1 2 0 10,000 0
COLUMBIA BKG SYS INC COM 197236102 229 5,603 SH   OTR 1 2 0 5,603 0
COMERICA INC *W EXP 11/14/201 200340115 7,236 114,763 SH   OTR 1 2 0 114,763 0
COMERICA INC COM 200340107 1,914 21,050 SH   OTR 1 2 0 21,050 0
CONNECTONE BANCORP INC NEW COM 20786W107 729 29,283 SH   OTR 1 2 0 29,283 0
CORPORATE CAP TR INC COM 219880101 391 25,000 SH   OTR 1 2 0 25,000 0
COWEN INC CL A NEW 223622606 7,222 521,444 SH   OTR 1 2 0 521,444 0
CROCS INC COM 227046109 268 15,200 SH   OTR 1 2 0 15,200 0
DIME CMNTY BANCSHARES COM 253922108 1,525 78,200 SH   OTR 1 2 0 78,200 0
DISCOVER FINL SVCS COM 254709108 441 6,258 SH   OTR 1 2 0 6,258 0
DISCOVER FINL SVCS COM 254709108 267 14,600 SH Call OTR 1 2 0 14,600 0
ENTERPRISE FINL SVCS CORP COM 293712105 1,476 27,350 SH   OTR 1 2 0 27,350 0
ESSA BANCORP INC COM 29667D104 1,292 81,626 SH   OTR 1 2 0 81,626 0
FACEBOOK INC CL A 30303M102 583 3,000 SH   OTR 1 2 0 3,000 0
FAUQUIER BANKSHARES INC VA COM 312059108 992 46,781 SH   OTR 1 2 0 46,781 0
FIDELITY SOUTHERN CORP NEW COM 316394105 270 10,622 SH   OTR 1 2 0 10,622 0
FIDUS INVT CORP COM 316500107 293 20,600 SH   OTR 1 2 0 20,600 0
FIFTH THIRD BANCORP COM 316773100 2,887 100,609 SH   OTR 1 2 0 100,609 0
FIFTH THIRD BANCORP COM 316773100 106 14,400 SH Call OTR 1 2 0 14,400 0
FIRST CHOICE BANCORP COM 31948P104 302 9,880 SH   OTR 1 2 0 9,880 0
FIRST CMNTY CORP S C COM 319835104 339 13,500 SH   OTR 1 2 0 13,500 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,135 16,928 SH   OTR 1 2 0 16,928 0
FIRST GTY BANCSHARES INC COM 32043P106 1,588 61,020 SH   OTR 1 2 0 61,020 0
FNB CORP PA COM 302520101 134 10,000 SH   OTR 1 2 0 10,000 0
FRANKLIN FINL NETWORK INC COM 35352P104 5,906 157,062 SH   OTR 1 2 0 157,062 0
GENERAL ELECTRIC CO COM 369604103 0 41,500 SH Call OTR 1 2 0 41,500 0
GENIE ENERGY LTD CL B 372284208 130 26,280 SH   OTR 1 2 0 26,280 0
GOLDMAN SACHS BDC INC SHS 38147U107 1,027 50,128 SH   OTR 1 2 0 50,128 0
GUARANTY FED BANCSHARES INC COM 40108P101 367 15,000 SH   OTR 1 2 0 15,000 0
HAMILTON BANCORP INC MD COM 407015106 157 10,000 SH   OTR 1 2 0 10,000 0
HANCOCK WHITNEY CORPORATION COM 410120109 2,787 59,736 SH   OTR 1 2 0 59,736 0
HANESBRANDS INC COM 410345102 220 10,000 SH   OTR 1 2 0 10,000 0
HANESBRANDS INC COM 410345102 22 5,000 SH Call OTR 1 2 0 5,000 0
HANMI FINL CORP COM NEW 410495204 508 17,914 SH   OTR 1 2 0 17,914 0
HANOVER INS GROUP INC COM 410867105 1,160 9,704 SH   OTR 1 2 0 9,704 0
HARBORONE BANCORP INC COM 41165F101 585 30,905 SH   OTR 1 2 0 30,905 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 2,445 53,218 SH   OTR 1 2 0 53,218 0
HERCULES CAPITAL INC COM 427096508 316 25,000 SH   OTR 1 2 0 25,000 0
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 118 10,000 SH   OTR 1 2 0 10,000 0
HOMETOWN BANKSHARES CORP COM 43787N108 351 24,960 SH   OTR 1 2 0 24,960 0
HOMETRUST BANCSHARES INC COM 437872104 282 10,000 SH   OTR 1 2 0 10,000 0
HOPE BANCORP INC COM 43940T109 356 19,981 SH   OTR 1 2 0 19,981 0
HUNTINGTON BANCSHARES INC COM 446150104 540 36,612 SH   OTR 1 2 0 36,612 0
IMPAC MTG HLDGS INC COM NEW 45254P508 1,580 165,792 SH   OTR 1 2 0 165,792 0
INVESTORS BANCORP INC NEW COM 46146L101 366 28,591 SH   OTR 1 2 0 28,591 0
ISHARES TR US REGNL BKS ETF 464288778 230 4,683 SH   OTR 1 2 0 4,683 0
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 10,739 169,298 SH   OTR 1 2 0 169,298 0
JPMORGAN CHASE & CO COM 46625H100 3,365 32,289 SH   OTR 1 2 0 32,289 0
JPMORGAN CHASE & CO COM 46625H100 2,862 86,300 SH Call OTR 1 2 0 86,300 0
KEARNY FINL CORP MD COM 48716P108 532 39,524 SH   OTR 1 2 0 39,524 0
KEYCORP NEW COM 493267108 332 49,400 SH Call OTR 1 2 0 49,400 0
KEYCORP NEW COM 493267108 3,466 177,392 SH   OTR 1 2 0 177,392 0
KINGSTONE COS INC COM 496719105 1,098 64,989 SH   OTR 1 2 0 64,989 0
KKR & CO L P DEL COM UNITS 48248M102 572 23,000 SH   OTR 1 2 0 23,000 0
LEADING BRANDS INC COM NEW 52170U207 238 187,571 SH   OTR 1 2 0 187,571 0
LEGG MASON INC COM 524901105 284 8,169 SH   OTR 1 2 0 8,169 0
LENNAR CORP CL A 526057104 293 5,576 SH   OTR 1 2 0 5,576 0
LINCOLN NATL CORP IND COM 534187109 541 8,687 SH   OTR 1 2 0 8,687 0
LYDALL INC DEL COM 550819106 218 5,000 SH   OTR 1 2 0 5,000 0
M & T BK CORP *W EXP 12/23/201 55261F112 9,290 96,457 SH   OTR 1 2 0 96,457 0
M & T BK CORP COM 55261F104 2,034 11,960 SH   OTR 1 2 0 11,960 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 377 1,216 SH   OTR 1 2 0 1,216 0
MAIDEN HOLDINGS LTD SHS G5753U112 670 86,393 SH   OTR 1 2 0 86,393 0
MB FINANCIAL INC NEW COM 55264U108 7,229 154,786 SH   OTR 1 2 0 154,786 0
MERIDIAN BANCORP INC MD COM 58958U103 4,042 211,051 SH   OTR 1 2 0 211,051 0
METLIFE INC COM 59156R108 666 15,279 SH   OTR 1 2 0 15,279 0
METLIFE INC COM 59156R108 291 56,500 SH Call OTR 1 2 0 56,500 0
MIDSOUTH BANCORP INC COM 598039105 1,818 137,226 SH   OTR 1 2 0 137,226 0
MONROE CAP CORP COM 610335101 707 52,438 SH   OTR 1 2 0 52,438 0
MORGAN STANLEY COM NEW 617446448 805 16,979 SH   OTR 1 2 0 16,979 0
MORGAN STANLEY COM NEW 617446448 795 49,800 SH Call OTR 1 2 0 49,800 0
NBT BANCORP INC COM 628778102 1,526 39,997 SH   OTR 1 2 0 39,997 0
NEWELL BRANDS INC COM 651229106 23 8,000 SH Call OTR 1 2 0 8,000 0
NEWELL BRANDS INC COM 651229106 721 27,943 SH   OTR 1 2 0 27,943 0
OLD LINE BANCSHARES INC COM 67984M100 552 15,818 SH   OTR 1 2 0 15,818 0
ONE LIBERTY PPTYS INC COM 682406103 429 16,256 SH   OTR 1 2 0 16,256 0
PACIFIC MERCANTILE BANCORP COM 694552100 458 47,000 SH   OTR 1 2 0 47,000 0
PACIFIC PREMIER BANCORP COM 69478X105 343 9,000 SH   OTR 1 2 0 9,000 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 3,970 114,772 SH   OTR 1 2 0 114,772 0
PFIZER INC COM 717081103 217 5,988 SH   OTR 1 2 0 5,988 0
PFIZER INC COM 717081103 48 10,000 SH Call OTR 1 2 0 10,000 0
PINNACLE FINL PARTNERS INC COM 72346Q104 2,358 38,436 SH   OTR 1 2 0 38,436 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121 1,012 14,754 SH   OTR 1 2 0 14,754 0
PNC FINL SVCS GROUP INC COM 693475105 5,468 40,474 SH   OTR 1 2 0 40,474 0
POPULAR INC COM NEW 733174700 853 18,863 SH   OTR 1 2 0 18,863 0
PROSPERITY BANCSHARES INC COM 743606105 372 5,435 SH   OTR 1 2 0 5,435 0
PRUDENTIAL FINL INC COM 744320102 190 11,900 SH Call OTR 1 2 0 11,900 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 460 8,500 SH   OTR 1 2 0 8,500 0
RADIUS HEALTH INC COM NEW 750469207 221 7,500 SH   OTR 1 2 0 7,500 0
RADIUS HEALTH INC COM NEW 750469207 30 6,700 SH Call OTR 1 2 0 6,700 0
REGIONS FINL CORP NEW COM 7591EP100 2,981 167,647 SH   OTR 1 2 0 167,647 0
REGIONS FINL CORP NEW COM 7591EP100 226 45,900 SH Call OTR 1 2 0 45,900 0
RITE AID CORP COM 767754104 1,276 737,373 SH   OTR 1 2 0 737,373 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 251 19,596 SH   OTR 1 2 0 19,596 0
SEACOAST BKG CORP FLA COM NEW 811707801 4,397 139,223 SH   OTR 1 2 0 139,223 0
SEAWORLD ENTMT INC COM 81282V100 391 17,900 SH   OTR 1 2 0 17,900 0
SELECT BANCORP INC NEW COM 81617L108 408 30,270 SH   OTR 1 2 0 30,270 0
SELECT ENERGY SVCS INC CL A COM 81617J301 145 10,000 SH   OTR 1 2 0 10,000 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 735 85,000 SH   OTR 1 2 0 85,000 0
SMARTFINANCIAL INC COM NEW 83190L208 356 13,818 SH   OTR 1 2 0 13,818 0
SOUTH ST CORP COM 840441109 3,017 34,984 SH   OTR 1 2 0 34,984 0
SOUTHERN NATL BANCORP OF VA COM 843395104 8,488 475,759 SH   OTR 1 2 0 475,759 0
STANDARD AVB FINL CORP COM 85303B100 606 20,000 SH   OTR 1 2 0 20,000 0
STATE BK FINL CORP COM 856190103 1,110 33,236 SH   OTR 1 2 0 33,236 0
STATE STR CORP COM 857477103 567 6,088 SH   OTR 1 2 0 6,088 0
STERLING BANCORP DEL COM 85917A100 3,372 143,500 SH   OTR 1 2 0 143,500 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 297 19,200 SH   OTR 1 2 0 19,200 0
SUNTRUST BKS INC *W EXP 12/31/201 867914129 2,105 64,293 SH   OTR 1 2 0 64,293 0
SUNTRUST BKS INC COM 867914103 1,597 24,187 SH   OTR 1 2 0 24,187 0
SUNTRUST BKS INC COM 867914103 271 10,400 SH Call OTR 1 2 0 10,400 0
SUPERVALU INC COM NEW 868536301 564 27,500 SH   OTR 1 2 0 27,500 0
SYNOVUS FINL CORP COM NEW 87161C501 2,735 51,762 SH   OTR 1 2 0 51,762 0
TERRITORIAL BANCORP INC COM 88145X108 888 28,633 SH   OTR 1 2 0 28,633 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 901 28,065 SH   OTR 1 2 0 28,065 0
TRIANGLE CAP CORP COM 895848109 890 77,387 SH   OTR 1 2 0 77,387 0
UNION BANKSHARES CORP NEW COM 90539J109 1,943 49,982 SH   OTR 1 2 0 49,982 0
UNITED CMNTY BANCORP IND COM 90984R101 1,515 55,709 SH   OTR 1 2 0 55,709 0
UNITED PARCEL SERVICE INC CL B 911312106 212 1,993 SH   OTR 1 2 0 1,993 0
UNITED PARCEL SERVICE INC CL B 911312106 53 2,000 SH Call OTR 1 2 0 2,000 0
UNIVAR INC COM 91336L107 472 18,000 SH   OTR 1 2 0 18,000 0
US BANCORP DEL COM NEW 902973304 1,215 24,288 SH   OTR 1 2 0 24,288 0
VANGUARD WORLD FDS ENERGY ETF 92204A306 210 2,000 SH   OTR 1 2 0 2,000 0
WATERSTONE FINL INC MD COM 94188P101 316 18,556 SH   OTR 1 2 0 18,556 0
WELLS FARGO CO NEW *W EXP 10/28/201 949746119 977 44,367 SH   OTR 1 2 0 44,367 0
WELLS FARGO CO NEW COM 949746101 606 64,900 SH Call OTR 1 2 0 64,900 0
XL GROUP LTD COM G98294104 228 6,800 SH Call OTR 1 2 0 6,800 0
ZIONS BANCORPORATION *W EXP 05/22/202 989701115 637 31,379 SH   OTR 1 2 0 31,379 0
ZIONS BANCORPORATION COM 989701107 349 17,000 SH Call OTR 1 2 0 17,000 0