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 564 2 SH   DFND 1,2 2 0 0
BIGLARI HLDGS INC COM STK CL B 08986R309 5,691 31,018 SH   DFND 1 0 0 31,018
BIGLARI HLDGS INC COM STK CL B 08986R309 67,107 365,726 SH   DFND 1,2 0 0 365,726
BIGLARI HLDGS INC COM STK CL B 08986R309 133,254 726,218 SH   DFND 1,3 0 0 726,218
BIGLARI HLDGS INC COM STK CL A 08986R408 6,826 7,185 SH   DFND 1 7,185 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 34,743 36,572 SH   DFND 1,2 36,572 0 0
BIGLARI HLDGS INC COM STK CL A 08986R408 68,990 72,621 SH   DFND 1,3 72,621 0 0
CRACKER BARREL OLD CTRY STOR COM 22410J106 740,091 4,737,794 SH   DFND 1,3 4,737,794 0 0
DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 2,876 104,000 SH   DFND 1,2 104,000 0 0
INVESTORS TITLE CO COM 461804106 5,540 30,000 SH   DFND 1,2 30,000 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 1,552 68,500 SH   DFND 1,2 68,500 0 0
SEMGROUP CORP CL A 81663A105 2,108 83,000 SH   DFND 1,2 83,000 0 0
UNICO AMERN CORP COM 904607108 4,217 527,100 SH   DFND 1,2 527,100 0 0
VALEANT PHARMACEUTICALS INTL COM 91911K102 9,180 395,000 SH   DFND 1,2 395,000 0 0