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 2,464 119,024 SH   OTR 1 2 0 119,024 0
ALCENTRA CAP CORP COM 01374T102 736 123,121 SH   OTR 1 2 0 123,121 0
ALLSTATE CORP COM 020002101 725 7,349 SH   OTR 1 2 0 7,349 0
ALLSTATE CORP COM 020002101 82 2,800 SH Call OTR 1 2 0 2,800 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 1,085 74,233 SH   OTR 1 2 0 74,233 0
AMERICAN INTL GROUP INC COM NEW 026874784 246 4,613 SH   OTR 1 2 0 4,613 0
AMERICAN INTL GROUP INC COM NEW 026874784 64 11,300 SH Call OTR 1 2 0 11,300 0
AMERIS BANCORP COM 03076K108 1,689 36,962 SH   OTR 1 2 0 36,962 0
APOLLO INVT CORP COM 03761U106 609 112,000 SH   OTR 1 2 0 112,000 0
APPLE INC COM 037833100 389 1,722 SH   OTR 1 2 0 1,722 0
ARBOR RLTY TR INC COM 038923108 2,672 232,759 SH   OTR 1 2 0 232,759 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 208 3,298 SH   OTR 1 2 0 3,298 0
AT&T INC COM 00206R102 578 17,200 SH   OTR 1 2 0 17,200 0
AT&T INC COM 00206R102 17 10,000 SH Call OTR 1 2 0 10,000 0
BANC OF CALIFORNIA INC COM 05990K106 1,607 85,005 SH   OTR 1 2 0 85,005 0
BANCORP NEW JERSEY INC NEW COM 059915108 269 15,750 SH   OTR 1 2 0 15,750 0
BANK AMER CORP *W EXP 01/16/201 060505146 4,445 249,587 SH   OTR 1 2 0 249,587 0
BANK AMER CORP COM 060505104 51,617 1,752,085 SH   OTR 1 2 0 1,752,085 0
BANK AMER CORP COM 060505104 2,082 158,600 SH Call OTR 1 2 0 158,600 0
BANK COMM HLDGS COM 06424J103 272 22,300 SH   OTR 1 2 0 22,300 0
BANK NEW YORK MELLON CORP COM 064058100 102 2,005 SH   OTR 1 2 0 2,005 0
BANK NEW YORK MELLON CORP COM 064058100 457 38,800 SH Call OTR 1 2 0 38,800 0
BANK OF THE ST JAMES FINL GP COM 470299108 331 20,926 SH   OTR 1 2 0 20,926 0
BARINGS BDC INC COM 06759L103 775 77,387 SH   OTR 1 2 0 77,387 0
BB&T CORP COM 054937107 3,304 68,265 SH   OTR 1 2 0 68,265 0
BB&T CORP COM 054937107 549 57,300 SH Call OTR 1 2 0 57,300 0
BECTON DICKINSON & CO COM 075887109 364 1,394 SH   OTR 1 2 0 1,394 0
BIOSCRIP INC COM 09069N108 106 34,075 SH   OTR 1 2 0 34,075 0
BRISTOL MYERS SQUIBB CO COM 110122108 173 2,788 SH   OTR 1 2 0 2,788 0
BRISTOL MYERS SQUIBB CO COM 110122108 257 14,700 SH Call OTR 1 2 0 14,700 0
BROOKLINE BANCORP INC DEL COM 11373M107 476 28,496 SH   OTR 1 2 0 28,496 0
CAPITAL ONE FINL CORP *W EXP 11/14/201 14040H139 6,339 119,210 SH   OTR 1 2 0 119,210 0
CAPITAL ONE FINL CORP COM 14040H105 2,149 22,639 SH   OTR 1 2 0 22,639 0
CB FINL SVCS INC COM 12479G101 903 29,273 SH   OTR 1 2 0 29,273 0
CERUS CORP COM 157085101 2,742 380,449 SH   OTR 1 2 0 380,449 0
CHEMICAL FINL CORP COM 163731102 590 11,050 SH   OTR 1 2 0 11,050 0
CHUBB LIMITED COM H1467J104 218 1,628 SH   OTR 1 2 0 1,628 0
CIT GROUP INC COM NEW 125581801 1,255 24,325 SH   OTR 1 2 0 24,325 0
CIT GROUP INC COM NEW 125581801 215 13,000 SH Call OTR 1 2 0 13,000 0
CITIGROUP INC COM NEW 172967424 1,232 17,174 SH   OTR 1 2 0 17,174 0
CITIGROUP INC COM NEW 172967424 1,620 71,700 SH Call OTR 1 2 0 71,700 0
CITIZENS FINL GROUP INC COM 174610105 457 11,852 SH   OTR 1 2 0 11,852 0
CITIZENS FIRST CORP COM 17462Q107 656 25,000 SH   OTR 1 2 0 25,000 0
CIVISTA BANCSHARES INC COM NO PAR 178867107 1,378 57,209 SH   OTR 1 2 0 57,209 0
CNO FINL GROUP INC COM 12621E103 4,124 194,348 SH   OTR 1 2 0 194,348 0
CODORUS VY BANCORP INC COM 192025104 312 10,000 SH   OTR 1 2 0 10,000 0
COLUMBIA BKG SYS INC COM 197236102 217 5,603 SH   OTR 1 2 0 5,603 0
COMERICA INC *W EXP 11/14/201 200340115 7,087 114,763 SH   OTR 1 2 0 114,763 0
COMERICA INC COM 200340107 1,899 21,050 SH   OTR 1 2 0 21,050 0
CONNECTONE BANCORP INC NEW COM 20786W107 695 29,283 SH   OTR 1 2 0 29,283 0
CORPORATE CAP TR INC COM 219880101 382 25,000 SH   OTR 1 2 0 25,000 0
CROCS INC COM 227046109 324 15,200 SH   OTR 1 2 0 15,200 0
DIME CMNTY BANCSHARES COM 253922108 1,807 92,700 SH   OTR 1 2 0 92,700 0
DISCOVER FINL SVCS COM 254709108 330 14,600 SH Call OTR 1 2 0 14,600 0
DISCOVER FINL SVCS COM 254709108 478 6,258 SH   OTR 1 2 0 6,258 0
ENERGEN CORP COM 29265N108 215 2,500 SH   OTR 1 2 0 2,500 0
ENTERPRISE FINL SVCS CORP COM 293712105 1,451 27,350 SH   OTR 1 2 0 27,350 0
ESSA BANCORP INC COM 29667D104 1,327 81,626 SH   OTR 1 2 0 81,626 0
FACEBOOK INC CL A 30303M102 493 3,000 SH   OTR 1 2 0 3,000 0
FAUQUIER BANKSHARES INC VA COM 312059108 1,184 46,781 SH   OTR 1 2 0 46,781 0
FIDELITY SOUTHERN CORP NEW COM 316394105 263 10,622 SH   OTR 1 2 0 10,622 0
FIDUS INVT CORP COM 316500107 301 20,600 SH   OTR 1 2 0 20,600 0
FIFTH THIRD BANCORP COM 316773100 2,809 100,609 SH   OTR 1 2 0 100,609 0
FIFTH THIRD BANCORP COM 316773100 120 14,400 SH Call OTR 1 2 0 14,400 0
FIRST CHOICE BANCORP COM 31948P104 268 9,880 SH   OTR 1 2 0 9,880 0
FIRST CMNTY CORP S C COM 319835104 327 13,500 SH   OTR 1 2 0 13,500 0
FIRST DEFIANCE FINL CORP COM 32006W106 1,019 33,856 SH   OTR 1 2 0 33,856 0
FIRST GTY BANCSHARES INC COM 32043P106 1,568 61,020 SH   OTR 1 2 0 61,020 0
FNB CORP PA COM 302520101 127 10,000 SH   OTR 1 2 0 10,000 0
FRANKLIN FINL NETWORK INC COM 35352P104 6,141 157,062 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 136 25,180 SH   OTR 1 2 0 25,180 0
GOLDMAN SACHS BDC INC SHS 38147U107 1,112 50,128 SH   OTR 1 2 0 50,128 0
GUARANTY FED BANCSHARES INC COM 40108P101 360 15,000 SH   OTR 1 2 0 15,000 0
HAMILTON BANCORP INC MD COM 407015106 143 10,000 SH   OTR 1 2 0 10,000 0
HANCOCK WHITNEY CORPORATION COM 410120109 2,840 59,736 SH   OTR 1 2 0 59,736 0
HANESBRANDS INC COM 410345102 184 10,000 SH   OTR 1 2 0 10,000 0
HANESBRANDS INC COM 410345102 9 5,000 SH Call OTR 1 2 0 5,000 0
HANMI FINL CORP COM NEW 410495204 446 17,914 SH   OTR 1 2 0 17,914 0
HANOVER INS GROUP INC COM 410867105 1,197 9,704 SH   OTR 1 2 0 9,704 0
HARBORONE BANCORP INC COM 41165F101 591 30,905 SH   OTR 1 2 0 30,905 0
HARTFORD FINL SVCS GROUP INC *W EXP 06/26/201 416515120 2,396 53,218 SH   OTR 1 2 0 53,218 0
HERCULES CAPITAL INC COM 427096508 329 25,000 SH   OTR 1 2 0 25,000 0
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 108 10,000 SH   OTR 1 2 0 10,000 0
HOMETOWN BANKSHARES CORP COM 43787N108 334 24,960 SH   OTR 1 2 0 24,960 0
HOMETRUST BANCSHARES INC COM 437872104 292 10,000 SH   OTR 1 2 0 10,000 0
HOPE BANCORP INC COM 43940T109 323 19,981 SH   OTR 1 2 0 19,981 0
HUNTINGTON BANCSHARES INC COM 446150104 546 36,612 SH   OTR 1 2 0 36,612 0
IMPAC MTG HLDGS INC COM NEW 45254P508 1,241 165,792 SH   OTR 1 2 0 165,792 0
INTL PAPER CO COM 460146103 98 2,001 SH   OTR 1 2 0 2,001 0
INTL PAPER CO COM 460146103 54 8,100 SH Call OTR 1 2 0 8,100 0
INVESTORS BANCORP INC NEW COM 46146L101 351 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 9,368 128,943 SH   OTR 1 2 0 128,943 0
JPMORGAN CHASE & CO COM 46625H100 3,280 86,300 SH Call OTR 1 2 0 86,300 0
JPMORGAN CHASE & CO COM 46625H100 6,657 58,992 SH   OTR 1 2 0 58,992 0
KEARNY FINL CORP MD COM 48716P108 548 39,524 SH   OTR 1 2 0 39,524 0
KEYCORP NEW COM 493267108 3,528 177,392 SH   OTR 1 2 0 177,392 0
KEYCORP NEW COM 493267108 315 49,400 SH Call OTR 1 2 0 49,400 0
KINGSTONE COS INC COM 496719105 1,235 64,989 SH   OTR 1 2 0 64,989 0
KKR & CO INC CL A 48251W104 627 23,000 SH   OTR 1 2 0 23,000 0
LEGG MASON INC COM 524901105 255 8,169 SH   OTR 1 2 0 8,169 0
LENNAR CORP CL A 526057104 260 5,576 SH   OTR 1 2 0 5,576 0
LINCOLN NATL CORP IND COM 534187109 588 8,687 SH   OTR 1 2 0 8,687 0
LIQUID MEDIA GROUP LTD NEW COM 53634Q105 159 187,571 SH   OTR 1 2 0 187,571 0
LYDALL INC DEL COM 550819106 216 5,000 SH   OTR 1 2 0 5,000 0
M & T BK CORP *W EXP 12/23/201 55261F112 8,943 96,457 SH   OTR 1 2 0 96,457 0
M & T BK CORP COM 55261F104 1,832 11,135 SH   OTR 1 2 0 11,135 0
MADISON SQUARE GARDEN CO NEW CL A 55825T103 383 1,216 SH   OTR 1 2 0 1,216 0
MAIDEN HOLDINGS LTD SHS G5753U112 438 157,641 SH   OTR 1 2 0 157,641 0
MB FINANCIAL INC NEW COM 55264U108 7,137 154,786 SH   OTR 1 2 0 154,786 0
MERIDIAN BANCORP INC MD COM 58958U103 3,588 211,051 SH   OTR 1 2 0 211,051 0
METLIFE INC COM 59156R108 714 15,279 SH   OTR 1 2 0 15,279 0
METLIFE INC COM 59156R108 337 56,500 SH Call OTR 1 2 0 56,500 0
MID PENN BANCORP INC COM 59540G107 578 19,837 SH   OTR 1 2 0 19,837 0
MIDSOUTH BANCORP INC COM 598039105 2,113 137,226 SH   OTR 1 2 0 137,226 0
MONROE CAP CORP COM 610335101 712 52,438 SH   OTR 1 2 0 52,438 0
MORGAN STANLEY COM NEW 617446448 791 16,979 SH   OTR 1 2 0 16,979 0
MORGAN STANLEY COM NEW 617446448 690 49,800 SH Call OTR 1 2 0 49,800 0
NBT BANCORP INC COM 628778102 1,535 39,997 SH   OTR 1 2 0 39,997 0
NEWELL BRANDS INC COM 651229106 770 37,943 SH   OTR 1 2 0 37,943 0
NEWELL BRANDS INC COM 651229106 12 8,000 SH Call OTR 1 2 0 8,000 0
OLD LINE BANCSHARES INC COM 67984M100 500 15,818 SH   OTR 1 2 0 15,818 0
PACIFIC MERCANTILE BANCORP COM 694552100 439 47,000 SH   OTR 1 2 0 47,000 0
PACIFIC PREMIER BANCORP COM 69478X105 335 9,000 SH   OTR 1 2 0 9,000 0
PEAPACK-GLADSTONE FINL CORP COM 704699107 3,545 114,772 SH   OTR 1 2 0 114,772 0
PFIZER INC COM 717081103 113 10,000 SH Call OTR 1 2 0 10,000 0
PFIZER INC COM 717081103 264 5,988 SH   OTR 1 2 0 5,988 0
PINNACLE FINL PARTNERS INC COM 72346Q104 2,312 38,436 SH   OTR 1 2 0 38,436 0
PNC FINL SVCS GROUP INC *W EXP 12/31/201 693475121 1,018 14,754 SH   OTR 1 2 0 14,754 0
PNC FINL SVCS GROUP INC COM 693475105 5,512 40,474 SH   OTR 1 2 0 40,474 0
POPULAR INC COM NEW 733174700 967 18,863 SH   OTR 1 2 0 18,863 0
PROSPERITY BANCSHARES INC COM 743606105 377 5,435 SH   OTR 1 2 0 5,435 0
PRUDENTIAL FINL INC COM 744320102 250 11,900 SH Call OTR 1 2 0 11,900 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 449 8,500 SH   OTR 1 2 0 8,500 0
RADIUS HEALTH INC COM NEW 750469207 134 7,500 SH   OTR 1 2 0 7,500 0
RADIUS HEALTH INC COM NEW 750469207 8 6,700 SH Call OTR 1 2 0 6,700 0
REGIONS FINL CORP NEW COM 7591EP100 3,076 167,647 SH   OTR 1 2 0 167,647 0
REGIONS FINL CORP NEW COM 7591EP100 195 45,900 SH Call OTR 1 2 0 45,900 0
RITE AID CORP COM 767754104 944 737,373 SH   OTR 1 2 0 737,373 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 183 19,596 SH   OTR 1 2 0 19,596 0
SEACOAST BKG CORP FLA COM NEW 811707801 4,065 139,223 SH   OTR 1 2 0 139,223 0
SEAWORLD ENTMT INC COM 81282V100 563 17,900 SH   OTR 1 2 0 17,900 0
SELECT BANCORP INC NEW COM 81617L108 623 50,270 SH   OTR 1 2 0 50,270 0
SELECT ENERGY SVCS INC CL A COM 81617J301 118 10,000 SH   OTR 1 2 0 10,000 0
SEVERN BANCORP ANNAPOLIS MD COM 81811M100 833 85,000 SH   OTR 1 2 0 85,000 0
SMARTFINANCIAL INC COM NEW 83190L208 325 13,818 SH   OTR 1 2 0 13,818 0
SOUTH ST CORP COM 840441109 2,869 34,984 SH   OTR 1 2 0 34,984 0
SOUTHERN NATL BANCORP OF VA COM 843395104 7,707 475,759 SH   OTR 1 2 0 475,759 0
STANDARD AVB FINL CORP COM 85303B100 622 20,000 SH   OTR 1 2 0 20,000 0
STATE BK FINL CORP COM 856190103 1,003 33,236 SH   OTR 1 2 0 33,236 0
STATE STR CORP COM 857477103 510 6,088 SH   OTR 1 2 0 6,088 0
STERLING BANCORP DEL COM 85917A100 3,157 143,500 SH   OTR 1 2 0 143,500 0
SUMMIT ST BK SANTA ROSA CALI COM 866264203 295 19,200 SH   OTR 1 2 0 19,200 0
SUNTRUST BKS INC *W EXP 12/31/201 867914129 2,125 64,293 SH   OTR 1 2 0 64,293 0
SUNTRUST BKS INC COM 867914103 1,615 24,187 SH   OTR 1 2 0 24,187 0
SUNTRUST BKS INC COM 867914103 281 10,400 SH Call OTR 1 2 0 10,400 0
SYNOVUS FINL CORP COM NEW 87161C501 2,530 55,262 SH   OTR 1 2 0 55,262 0
TOWNEBANK PORTSMOUTH VA COM 89214P109 866 28,065 SH   OTR 1 2 0 28,065 0
UNION BANKSHARES CORP NEW COM 90539J109 1,656 42,982 SH   OTR 1 2 0 42,982 0
UNITED PARCEL SERVICE INC CL B 911312106 233 1,993 SH   OTR 1 2 0 1,993 0
UNITED PARCEL SERVICE INC CL B 911312106 70 2,000 SH Call OTR 1 2 0 2,000 0
UNIVAR INC COM 91336L107 552 18,000 SH   OTR 1 2 0 18,000 0
US BANCORP DEL COM NEW 902973304 1,283 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 318 18,556 SH   OTR 1 2 0 18,556 0
WELLS FARGO CO NEW *W EXP 10/28/201 949746119 683 35,454 SH   OTR 1 2 0 35,454 0
WELLS FARGO CO NEW COM 949746101 203 3,863 SH   OTR 1 2 0 3,863 0
WELLS FARGO CO NEW COM 949746101 429 264,900 SH Call OTR 1 2 0 264,900 0
ZIONS BANCORPORATION *W EXP 05/22/202 989701115 598 33,389 SH   OTR 1 2 0 33,389 0
ZIONS BANCORPORATION COM 989701107 198 17,000 SH Call OTR 1 2 0 17,000 0