The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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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 |
| ALICO INC CMN | COM | 016230104 | 406 | 10,000 | SH | SOLE | 0 | 10,000 | 0 | 0 | |
| BRT REALTY TRUST (SBI)$3.00PAR CMN | COM | 055645303 | 1,666 | 235,000 | SH | SOLE | 0 | 235,000 | 0 | 0 | |
| BARNES & NOBLE, INC CMN | COM | 067774109 | 24,220 | 2,000,000 | SH | SOLE | 0 | 2,000,000 | 0 | 0 | |
| BARNES & NOBLE EDUCATION, INC. CMN | COM | 06777U101 | 14,871 | 1,170,000 | SH | SOLE | 0 | 1,170,000 | 0 | 0 | |
| BAXTER INTERNATIONAL INC CMN | COM | 071813109 | 1,314 | 40,000 | SH | SOLE | 0 | 40,000 | 0 | 0 | |
| BIOTA PHARMACEUTICALS INC CMN | COM | 090694100 | 317 | 160,000 | SH | SOLE | 0 | 160,000 | 0 | 0 | |
| CALIFORNIA RESOURCES CORP CMN | COM | 13057Q107 | 208 | 80,000 | SH | SOLE | 0 | 80,000 | 0 | 0 | |
| CORNING INCORPORATED CMN | COM | 219350105 | 4,708 | 275,000 | SH | SOLE | 0 | 275,000 | 0 | 0 | |
| DOLBY LABORATORIES, INC. CMN CLASS A | COM | 25659T107 | 3,260 | 100,000 | SH | SOLE | 0 | 100,000 | 0 | 0 | |
| EXCO RESOURCES INC CMN | COM | 269279402 | 217 | 289,500 | SH | SOLE | 0 | 289,500 | 0 | 0 | |
| EMMIS COMMUNICATIONS CORP CL-A CLASS A | COM | 291525103 | 1,159 | 934,600 | SH | SOLE | 0 | 934,600 | 0 | 0 | |
| EMMIS COMMUNICATIONS CORP 6.25% SERIES A CVT PREFERRED PFD | CNV | 291525202 | 75 | 23,400 | SH | SOLE | 0 | 23,400 | 0 | 0 | |
| GRIFFIN INDUSTRIAL REALTY INC CMN | COM | 398231100 | 3,203 | 129,538 | SH | SOLE | 0 | 129,538 | 0 | 0 | |
| GYRODYNE LLC CMN | COM | 403829104 | 2,735 | 97,500 | SH | SOLE | 0 | 97,500 | 0 | 0 | |
| INTL BUSINESS MACHINES CORP CMN | COM | 459200101 | 1,450 | 10,000 | SH | SOLE | 0 | 10,000 | 0 | 0 | |
| PUT/KHC @ 80 EXP 12/18/2015 | PUT | 500754106 | 158 | 150 | SH | Put | SOLE | 0 | 150 | 0 | 0 |
| LANDS' END, INC. CMN | COM | 51509F105 | 1,559 | 57,719 | SH | SOLE | 0 | 57,719 | 0 | 0 | |
| OCCIDENTAL PETROLEUM CORP CMN | COM | 674599105 | 2,646 | 40,000 | SH | SOLE | 0 | 40,000 | 0 | 0 | |
| PLATFORM SPECIALTY PRODS CORP CMN | COM | 72766Q105 | 443 | 35,000 | SH | SOLE | 0 | 35,000 | 0 | 0 | |
| PRISM TECHNOLOGIES GROUP INC CMN | COM | 74273Y100 | 350 | 125,000 | SH | SOLE | 0 | 125,000 | 0 | 0 | |
| REALNETWORKS INC CMN | COM | 75605L708 | 848 | 207,239 | SH | SOLE | 0 | 207,239 | 0 | 0 | |
| SAGA COMMUNICATION, INC. CMN CLASS A | COM | 786598300 | 44,029 | 1,310,000 | SH | SOLE | 0 | 1,310,000 | 0 | 0 | |
| RTS/SANOFI-AVENTIS EXP12/31/2020 | RTS | 80105N113 | 57 | 300,000 | SH | SOLE | 0 | 300,000 | 0 | 0 | |
| SEARS CANADA INC. CMN | COM | 81234D109 | 19,546 | 2,993,274 | SH | SOLE | 0 | 2,993,274 | 0 | 0 | |
| SEARS HOMETOWN AND OUTLET STORES, INC. CMN | COM | 812362101 | 200 | 25,000 | SH | SOLE | 0 | 25,000 | 0 | 0 | |
| TEJON RANCH CO CMN | COM | 879080109 | 58,609 | 2,687,253 | SH | SOLE | 0 | 2,687,253 | 0 | 0 | |
| WTS/TEJON RANCH CO. 40.0000 EXP08/31/2016 | WTS | 879080133 | 61 | 384,046 | SH | SOLE | 0 | 384,046 | 0 | 0 | |
| YAHOO INC CMN | COM | 984332106 | 1,735 | 60,000 | SH | SOLE | 0 | 60,000 | 0 | 0 | |
| BELMOND LTD CMN | COM | G1154H107 | 1,475 | 145,882 | SH | SOLE | 0 | 145,882 | 0 | 0 | |
| STEALTHGAS INC. CMN | COM | Y81669106 | 180 | 40,000 | SH | SOLE | 0 | 40,000 | 0 | 0 | |