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
BANKRATE INC DEL COM 06647F102 1,638 156,160 SH   DFND 1 156,160 0 0
CONSTANT CONTACT INC COM 210313102 5,065 176,110 SH   DFND 1 176,110 0 0
CONSTANT CONTACT INC COM 210313102 574 19,955 SH   SOLE   19,955 0 0
CROCS INC COM 227046109 7,922 538,550 SH   DFND 1 538,550 0 0
CROCS INC COM 227046109 1,033 70,205 SH   SOLE   70,205 0 0
EHEALTH INC COM 28238P109 2,383 187,760 SH   DFND 1 187,760 0 0
EHEALTH INC COM 28238P109 237 18,715 SH   SOLE   18,715 0 0
ELLIS PERRY INTL INC COM 288853104 6,452 271,445 SH   DFND 1 271,445 0 0
ELLIS PERRY INTL INC COM 288853104 799 33,610 SH   SOLE   33,610 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 7,487 662,005 SH   DFND 1 662,005 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 879 77,730 SH   SOLE   77,730 0 0
GENERAC HLDGS INC COM 368736104 2,507 63,060 SH   DFND 1 63,060 0 0
GENERAC HLDGS INC COM 368736104 288 7,235 SH   SOLE   7,235 0 0
GROUPON INC COM CL A 399473107 3,186 633,330 SH   DFND 1 633,330 0 0
GROUPON INC COM CL A 399473107 361 71,750 SH   SOLE   71,750 0 0
ITURAN LOCATION AND CONTROL SHS M6158M104 1,990 79,838 SH   DFND 1 79,838 0 0
ITURAN LOCATION AND CONTROL SHS M6158M104 322 12,935 SH   SOLE   12,935 0 0
KIMBALL ELECTRONICS INC COM 49428J109 6,073 416,254 SH   DFND 1 416,254 0 0
KIMBALL ELECTRONICS INC COM 49428J109 747 51,217 SH   SOLE   51,217 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 7,611 212,000 SH   DFND 1 212,000 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 955 26,611 SH   SOLE   26,611 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 3,459 95,970 SH   DFND 1 95,970 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 345 9,559 SH   SOLE   9,559 0 0
MEDIA GEN INC NEW COM 58441K100 4,918 297,705 SH   DFND 1 297,705 0 0
MEDIA GEN INC NEW COM 58441K100 567 34,315 SH   SOLE   34,315 0 0
NETWORK 1 TECHNOLOGIES INC COM 64121N109 257 150,000 SH   SOLE   150,000 0 0
NEW YORK REIT INC COM 64976L109 995 100,000 SH   DFND 1 100,000 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 15,653 279,515 SH   DFND 1 279,515 0 0
NEXSTAR BROADCASTING GROUP I CL A 65336K103 1,804 32,220 SH   SOLE   32,220 0 0
POINTS INTL LTD COM NEW 730843208 6,672 536,730 SH   DFND 1 536,730 0 0
POINTS INTL LTD COM NEW 730843208 765 61,515 SH   SOLE   61,515 0 0
SABRE CORP COM 78573M104 9,690 407,160 SH   DFND 1 407,160 0 0
SABRE CORP COM 78573M104 1,261 52,975 SH   SOLE   52,975 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 7,866 70,000 SH Call SOLE   70,000 0 0
STAMPS COM INC COM NEW 852857200 13,329 181,170 SH   DFND 1 181,170 0 0
STAMPS COM INC COM NEW 852857200 1,516 20,610 SH   SOLE   20,610 0 0
STARZ COM SER A 85571Q102 7,278 162,735 SH   DFND 1 162,735 0 0
STARZ COM SER A 85571Q102 939 21,000 SH   SOLE   21,000 0 0
TECHTARGET INC COM 87874R100 8,774 982,559 SH   DFND 1 982,559 0 0
TECHTARGET INC COM 87874R100 1,234 138,232 SH   SOLE   138,232 0 0
YAHOO INC COM 984332106 3,929 100,000 SH   DFND 1 100,000 0 0