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
AARON'S INC COM 002535300 19,487 870,326 SH   OTR 1, 2, 3 0 870,326 0
AEROJET ROCKETDYNE HOLDINGS COM 007800105 65,474 4,180,997 SH   OTR 1, 2, 3 0 4,180,997 0
API TECHNOLOGIES CORP COM 00187E203 15,779 11,434,278 SH   OTR 1, 2, 3 0 11,434,278 0
AVIAT NETWORKS INC COM 05366Y102 6,175 8,042,892 SH   OTR 1, 2, 3 0 8,042,892 0
FORBES ENERGY SERVICES LTD COM 345143101 1,059 3,650,342 SH   OTR 1, 2, 3 0 3,650,342 0
HANDY & HARMAN LTD COM 410315105 180,518 8,801,474 SH   OTR 1, 2, 3 0 8,801,474 0
JASON INDUSTRIES INC COM 471172106 1,774 469,405 SH   OTR 1, 2, 3 0 469,405 0
MODUSLINK GLOBAL SOLUTIONS I COM 60786L206 40,862 16,476,730 SH   OTR 1, 2, 3 0 16,476,730 0
NATURES SUNSHINE PRODS INC COM 639027101 353 34,912 SH   OTR 1, 2, 3 0 34,912 0
SL INDS INC COM 784413106 31,715 994,840 SH   OTR 1, 2, 3 0 994,840 0
STEEL EXCEL INC COM 858122203 97,260 6,611,799 SH   OTR 1, 2, 3 0 6,611,799 0
STEEL PARTNERS HOLDINGS LP LTD PRTRSHIP U 85814R107 65,761 4,014,730 SH   OTR 1, 2, 3 0 4,014,730 0
TRIANGLE PETROLEUM CORP COM 89600B201 779 1,011,785 SH   OTR 1, 2, 3 0 1,011,785 0