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
ALCATEL-LUCENT SPONSORED ADR 013904305 1,760 400,000 SH   SOLE   400,000 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 1,760 400,000 SH Put SOLE   400,000 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 6,381 252,700 SH Call SOLE   252,700 0 0
AMERICAN AIRLS GROUP INC COM 02376R102 17,773 703,876 SH   SOLE   703,876 0 0
AT&T INC COM 00206R102 4 100 SH   SOLE   100 0 0
AT&T INC COM 00206R102 3,558 101,200 SH Put SOLE   101,200 0 0
BRE PROPERTIES INC CL A 05564E106 17,577 321,269 SH   SOLE   321,269 0 0
BROOKFIELD OFFICE PPTYS INC COM 112900105 5,717 297,000 SH   SOLE   297,000 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 273 6,952 SH   SOLE   6,952 0 0
COOPER TIRE & RUBR CO COM 216831107 1,365 56,800 SH Call SOLE   56,800 0 0
DESTINATION XL GROUP INC COM 25065K104 1,013 154,500 SH   SOLE   154,500 0 0
DEX MEDIA INC NEW COM 25213A107 135 20,000 SH Put SOLE   20,000 0 0
ECHOSTAR CORP CL A 278768106 4,196 84,392 SH   SOLE   84,392 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V126 813 35,152 SH   SOLE   35,152 0 0
GENERAL MTRS CO *W EXP 07/10/201 37045V118 1,095 35,152 SH   SOLE   35,152 0 0
GRAY TELEVISION INC COM 389375106 3,332 223,932 SH   SOLE   223,932 0 0
GSI GROUP INC CDA NEW COM NEW 36191C205 1,508 134,147 SH   SOLE   134,147 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 47,745 3,644,661 SH   SOLE   3,644,661 0 0
HOVNANIAN ENTERPRISES INC CL A 442487203 662 100,000 SH Call SOLE   100,000 0 0
INTRALINKS HLDGS INC COM 46118H104 2,839 234,465 SH   SOLE   234,465 0 0
ISHARES 20+ YR TR BD ETF 464287432 4,074 40,000 SH Put SOLE   40,000 0 0
JONES GROUP INC COM 48020T101 19,843 1,326,409 SH   SOLE   1,326,409 0 0
JOS A BANK CLOTHIERS INC COM 480838101 55,352 1,010,974 SH   SOLE   1,010,974 0 0
JTH HLDG INC CL A 46637N103 4,571 188,093 SH   SOLE   188,093 0 0
LEAP WIRELESS INTL INC COM NEW 521863308 2,978 171,164 SH   SOLE   171,164 0 0
LENDER PROCESSING SVCS INC COM 52602E102 49,123 1,314,165 SH   SOLE   1,314,165 0 0
LIFE TECHNOLOGIES CORP COM 53217V109 76,775 1,012,865 SH   SOLE   1,012,865 0 0
LINNCO LLC COMSHS LTD INT 535782106 80,853 2,624,237 SH   SOLE   2,624,237 0 0
LUXFER HLDGS PLC SPONSORED ADR 550678106 3,057 146,552 SH   SOLE   146,552 0 0
MACQUARIE INFRASTR CO LLC MEMBERSHIP INT 55608B105 3,391 62,303 SH   SOLE   62,303 0 0
MBIA INC COM 55262C100 1,194 100,000 SH Call SOLE   100,000 0 0
MENS WEARHOUSE INC COM 587118100 6,145 120,300 SH Call SOLE   120,300 0 0
MENS WEARHOUSE INC COM 587118100 27,235 533,181 SH   SOLE   533,181 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 1,806 32,410 SH   SOLE   32,410 0 0
OCWEN FINL CORP COM NEW 675746309 5,545 100,000 SH Put SOLE   100,000 0 0
OFFICE DEPOT INC COM 676220106 54,511 10,304,620 SH   SOLE   10,304,620 0 0
PENNEY J C INC COM 708160106 458 50,000 SH Put SOLE   50,000 0 0
RESPONSYS INC COM 761248103 4,358 159,000 SH   SOLE   159,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 1,655 10,000 SH Call SOLE   10,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 4,964 30,000 SH Put SOLE   30,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 110,814 600,000 SH Call SOLE   600,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 173,812 941,100 SH Put SOLE   941,100 0 0
T-MOBILE US INC COM 872590104 6,962 206,961 SH   SOLE   206,961 0 0
TIME WARNER CABLE INC COM 88732J207 190 1,400 SH Call SOLE   1,400 0 0
TIME WARNER CABLE INC COM 88732J207 5,420 40,000 SH Put SOLE   40,000 0 0
TIME WARNER CABLE INC COM 88732J207 59,000 435,426 SH   SOLE   435,426 0 0
VERINT SYS INC COM 92343X100 6,205 144,511 SH   SOLE   144,511 0 0
VINCE HLDG CORP COM 92719W108 634 20,680 SH   SOLE   20,680 0 0
VITRAN CORP INC COM 92850E107 2,170 334,863 SH   SOLE   334,863 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 2,123 111,222 SH   SOLE   111,222 0 0