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
ACTELION ORD SPONSORED ADR 00507G102 10,169 186,764 SH   DFND 186,764 0 0
AETNA INC NEW COM 00817Y108 55,705 449,200 SH Call DFND 449,200 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 5,635 250,000 SH   DFND 250,000 0 0
BALL CORP COM 058498106 42,715 569,000 SH   DFND 569,000 0 0
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 27,041 240,000 SH Call DFND 240,000 0 0
CIT GROUP INC COM NEW 125581801 32,949 772,000 SH   DFND 772,000 0 0
DELL TECHNOLOGIES INC COM CL V 24703L103 115,437 2,100,000 SH   DFND 2,100,000 0 0
FED NATION MOR SRS S COM 313586752 42,724 5,340,524 SH   DFND 5,340,524 0 0
FIRSTENERGY CORP COM 337932107 45,526 1,470,000 SH   DFND 1,470,000 0 0
GTY TECHNOLOGY HOLDINGS INC UNIT 99/99/9999 G4182A110 7,350 700,000 SH   DFND 700,000 0 0
HARMAN INTL INDS INC COM 413086109 33,348 300,000 SH   DFND 300,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 21,443 450,000 SH Call DFND 450,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 59,563 1,250,000 SH Put DFND 1,250,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 59,563 1,250,000 SH   DFND 1,250,000 0 0
HUMANA INC COM 444859102 79,878 391,500 SH   DFND 391,500 0 0
HUMANA INC COM 444859102 35,726 175,100 SH Call DFND 175,100 0 0
HUMANA INC COM 444859102 98,383 482,200 SH Put DFND 482,200 0 0
INTEROIL CORP COM 460951106 47,580 1,000,000 SH   DFND 1,000,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 262,997 1,950,000 SH Put DFND 1,950,000 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 10,876 528,201 SH   DFND 528,201 0 0
LIBERTY TRIPADVISOR HLDGS IN COM SER A 531465102 12,956 860,856 SH   DFND 860,856 0 0
LIFELOCK INC COM 53224V100 31,076 1,299,144 SH   DFND 1,299,144 0 0
LIFELOCK INC COM 53224V100 30,969 1,294,700 SH Call DFND 1,294,700 0 0
MARATHON PETE CORP COM 56585A102 27,693 550,000 SH   DFND 550,000 0 0
MEDIA GEN INC NEW COM 58441K100 103,884 5,516,961 SH   DFND 5,516,961 0 0
MICROSEMI CORP COM 595137100 49,383 915,000 SH   DFND 915,000 0 0
MICROSEMI CORP COM 595137100 6,746 125,000 SH Call DFND 125,000 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 9,197 850,000 SH   DFND 850,000 0 0
REYNOLDS AMERICAN INC COM 761713106 140,431 2,505,900 SH   DFND 2,505,900 0 0
SANDERSON FARMS INC COM 800013104 57,826 613,600 SH Put DFND 613,600 0 0
SANDERSON FARMS INC COM 800013104 2,158 22,900 SH Call DFND 22,900 0 0
SIGA TECHNOLOGIES ORD COM 826917106 14,535 5,046,891 SH   DFND 5,046,891 0 0
SYNGENTA AG SPONSORED ADR 87160A100 79,398 1,004,396 SH   DFND 1,004,396 0 0
TIME WARNER INC COM NEW 887317303 9,653 100,000 SH   DFND 100,000 0 0
VANECK VECTORS ETF TR SEMICONDUCTOR ET 92189F676 53,730 750,000 SH Put DFND 750,000 0 0
YAHOO INC COM 984332106 39,376 1,018,250 SH   DFND 1,018,250 0 0