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
ACCRETIVE HEALTH INC COM 00438V103 531 49,100 SH   SOLE   49,100 0 0
ACCURAY INC COM 004397105 3,890 677,749 SH   SOLE   677,749 0 0
ACTAVIS INC COM 00507K103 1,581 12,524 SH   SOLE   12,524 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 2,306 25,000 SH Put SOLE   25,000 0 0
ANACOR PHARMACEUTICALS INC COM 032420101 211 37,730 SH   SOLE   37,730 0 0
ARENA PHARMACEUTICALS INC COM 040047102 385 50,000 SH Put SOLE   50,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 1,183 25,000 SH Call SOLE   25,000 0 0
ASTRAZENECA PLC SPONSORED ADR 046353108 3,890 82,239 SH   SOLE   82,239 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 2,495 150,000 SH Call SOLE   150,000 0 0
AUXILIUM PHARMACEUTICALS INC COM 05334D107 4,565 274,481 SH   SOLE   274,481 0 0
BIOSANTE PHARMACEUTICALS INC COM PAR $0.0001 09065V302 2,545 2,244,663 SH   SOLE   2,244,663 0 0
BOSTON SCIENTIFIC CORP COM 101137107 927 100,000 SH Call SOLE   100,000 0 0
CARDINAL HEALTH INC COM 14149Y108 3,299 69,886 SH   SOLE   69,886 0 0
CORNERSTONE THERAPEUTICS INC COM 21924P103 865 108,168 SH   SOLE   108,168 0 0
CORNERSTONE THERAPEUTICS INC COM 21924P103 1,705 213,100 SH Call SOLE   213,100 0 0
CRYOLIFE INC COM 228903100 250 39,900 SH Call SOLE   39,900 0 0
CRYOLIFE INC COM 228903100 740 118,288 SH   SOLE   118,288 0 0
CYTOKINETICS INC COM 23282W605 771 66,666 SH   SOLE   66,666 0 0
ENDO HEALTH SOLUTIONS INC COM 29264F205 3,679 100,000 SH Put SOLE   100,000 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 617 10,000 SH Call SOLE   10,000 0 0
FOREST LABS INC COM 345838106 2,050 50,000 SH Call SOLE   50,000 0 0
FOREST LABS INC COM 345838106 3,501 85,382 SH   SOLE   85,382 0 0
GIVEN IMAGING ORD SHS M52020100 1,540 109,950 SH   SOLE   109,950 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1,249 25,000 SH Call SOLE   25,000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 2,297 45,966 SH   SOLE   45,966 0 0
HEALTH MGMT ASSOC INC NEW CL A 421933102 1,572 100,000 SH   SOLE   100,000 0 0
HUMANA INC COM 444859102 3,384 40,100 SH   SOLE   40,100 0 0
ISHARES TR NASDQ BIO INDX 464287556 4,347 25,000 SH Put SOLE   25,000 0 0
ISHARES TR RUSSELL 2000 464287655 19,400 200,000 SH Put SOLE   200,000 0 0
MEDICINES CO COM 584688105 1,538 50,000 SH Put SOLE   50,000 0 0
MERCK & CO INC NEW COM 58933Y105 790 17,000 SH   SOLE   17,000 0 0
MERCK & CO INC NEW COM 58933Y105 9,290 200,000 SH Call SOLE   200,000 0 0
NUVASIVE INC COM 670704105 1,626 65,588 SH   SOLE   65,588 0 0
ORTHOFIX INTL N V COM N6748L102 1,915 71,200 SH   SOLE   71,200 0 0
PACIRA PHARMACEUTICALS INC COM 695127100 1,305 45,000 SH   SOLE   45,000 0 0
QLT INC COM 746927102 1,603 365,139 SH   SOLE   365,139 0 0
QUEST DIAGNOSTICS INC COM 74834L100 4,075 67,208 SH   SOLE   67,208 0 0
SAGENT PHARMACEUTICALS INC COM 786692103 2,159 102,922 SH   SOLE   102,922 0 0
SANOFI SPONSORED ADR 80105N105 1,288 25,000 SH Call SOLE   25,000 0 0
SANOFI SPONSORED ADR 80105N105 1,686 32,735 SH   SOLE   32,735 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,011 25,000 SH Put SOLE   25,000 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 5,253 25,000 SH Put SOLE   25,000 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 599 80,315 SH   SOLE   80,315 0 0
SPECTRUM PHARMACEUTICALS INC COM 84763A108 746 100,000 SH Call SOLE   100,000 0 0
ST JUDE MED INC COM 790849103 1,430 31,349 SH   SOLE   31,349 0 0
SUNESIS PHARMACEUTICALS INC COM NEW 867328601 432 83,185 SH   SOLE   83,185 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 2,894 450,000 SH Call SOLE   450,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 4,644 722,314 SH   SOLE   722,314 0 0
TECHNE CORP COM 878377100 2,763 40,000 SH   SOLE   40,000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 6,664 170,000 SH Call SOLE   170,000 0 0
VANDA PHARMACEUTICALS INC COM 921659108 606 75,000 SH Call SOLE   75,000 0 0
VIVUS INC COM 928551100 629 50,000 SH Put SOLE   50,000 0 0
WELLCARE HEALTH PLANS INC COM 94946T106 1,667 30,000 SH   SOLE   30,000 0 0
WELLPOINT INC COM 94973V107 1,853 22,638 SH   SOLE   22,638 0 0
ZIOPHARM ONCOLOGY INC COM 98973P101 211 100,000 SH   SOLE   100,000 0 0
ZOGENIX INC COM 98978L105 473 276,336 SH   SOLE   276,336 0 0