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
FGL HOLDINGS ORD SHS G3402M110 20,008 2,235,547 SH   SOLE   2,235,547 0 0
APPLE COMPUTER INC COM 037833100 1,129 5,000 SH   SOLE   5,000 0 0
AUTOLIV INC. COM 052800109 9,795 113,000 SH   SOLE   113,000 0 0
BRIDGE BANCORP INC COM 108035106 12,576 378,805 SH   SOLE   378,805 0 0
CAESARS ENTMT CORP COM 127686103 1,538 150,000 SH Call SOLE   150,000 0 0
CAESARS ENTMT CORP COM 127686103 24,426 2,383,047 SH   SOLE   2,383,047 0 0
CITIGROUP INC COM NEW 172967424 17,756 247,500 SH Call SOLE   247,500 0 0
CITIGROUP INC COM NEW 172967424 30,841 429,900 SH   SOLE   429,900 0 0
DIME COMMUNITY BANCSHARES COM 253922108 2,856 160,000 SH   SOLE   160,000 0 0
DISNEY (WALT) CO COM DISNEY 254687106 27,422 234,500 SH   SOLE   234,500 0 0
DISCOVER FINANCIAL SERVICES COM 254709108 6,116 80,000 SH   SOLE   80,000 0 0
EBAY INC COM 278642103 19,564 592,500 SH   SOLE   592,500 0 0
ERICSSON ADR B SEK 10 294821608 12,320 1,400,000 SH   SOLE   1,400,000 0 0
GROUPON COM 399473107 21,637 5,739,200 SH   SOLE   5,739,200 0 0
HONEYWELL INTL INC COM 438516106 1,414 8,500 SH   SOLE   8,500 0 0
KEYCORP COM 493267108 1,989 100,000 SH   SOLE   100,000 0 0
LENNAR CORP. CL A 526057104 20,582 440,819 SH   SOLE   440,819 0 0
LUTHER BURBANK COM 550550107 1,110 102,054 SH   SOLE   102,054 0 0
MACERICH REIT COM 554382101 31,355 567,100 SH Call SOLE   567,100 0 0
MACERICH REIT COM 554382101 32,513 588,042 SH   SOLE   588,042 0 0
MICROSOFT CORP COM 594918104 29,050 254,000 SH   SOLE   254,000 0 0
MIDSOUTH BANCORP INC COM 598039105 3,080 200,000 SH   SOLE   200,000 0 0
OPUS BANK COM 684000102 1,918 70,000 SH   SOLE   70,000 0 0
STATE STREET CORP. COM 857477103 3,351 40,000 SH   SOLE   40,000 0 0
T-MOBILE US INC COM 872590104 11,580 165,000 SH   SOLE   165,000 0 0
TIMKEN COM 887389104 1,745 35,000 SH   SOLE   35,000 0 0
YELP CL A 985817105 369 7,500 SH   SOLE   7,500 0 0
TRIUMPH BANCORP COM 89679E300 1,528 40,000 SH   SOLE   40,000 0 0
AV HOMES INC COM 00234P102 12,866 643,298 SH   SOLE   643,298 0 0
ADOBE SYSTEMS COM 00724F101 1,350 5,000 SH   SOLE   5,000 0 0
ANHEUSER BUSCH CO. SPONSORED ADR 03524A108 5,269 60,165 SH   SOLE   60,165 0 0
BANK OF CALIFORNIA COM 05990K106 2,646 140,000 SH   SOLE   140,000 0 0
COMCAST CORP. CL A CL A 20030N101 29,213 825,000 SH Call SOLE   825,000 0 0
COMCAST CORP. CL A CL A 20030N101 31,324 884,600 SH   SOLE   884,600 0 0
DOW DUPONT COM 26078J100 1,929 30,000 SH Call SOLE   30,000 0 0
DOW DUPONT COM 26078J100 2,572 40,000 SH   SOLE   40,000 0 0
HD SUPPLY COM 40416M105 28,197 658,962 SH   SOLE   658,962 0 0
IAC INTERACTIVECORP COM 44919P508 21,672 100,000 SH Call SOLE   100,000 0 0
IAC INTERACTIVECORP COM 44919P508 27,550 127,122 SH   SOLE   127,122 0 0
JBG SMITH PROPERTIES COM 46590V100 7,418 201,400 SH Call SOLE   201,400 0 0
JBG SMITH PROPERTIES COM 46590V100 6,445 175,000 SH   SOLE   175,000 0 0
JPMORGAN CHASE & CO COM 46625H100 1,693 15,000 SH   SOLE   15,000 0 0
QURATE RETAIL GROUP INC COM SER A 74915M100 24,337 1,095,786 SH   SOLE   1,095,786 0 0
QURATE RETAIL GROUP INC COM SER A 74915M100 9,008 405,600 SH Call SOLE   405,600 0 0
SBA COMMUNICATIONS CORP CL A 78410G104 3,213 20,000 SH   SOLE   20,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 668,656 2,300,000 SH Put SOLE   2,300,000 0 0
SHUTTERFLY INC COM 82568P304 19,679 298,658 SH   SOLE   298,658 0 0
SIGNATURE BANK COM 82669G104 3,445 30,000 SH   SOLE   30,000 0 0
TESLA INC COM 88160R101 7,943 30,000 SH Put SOLE   30,000 0 0
VEONEER INC COM 92336X109 5,182 94,100 SH   SOLE   94,100 0 0
WTS FGL HOLDING 7/8/21 *W EXP 11/30/2021 G3402M110 3,561 1,807,500 SH   SOLE   1,807,500 0 0