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
AEGLEA BIOTHERAPEUTICS INC COM 00773J103 6,133 1,592,903 SH   SOLE   1,592,903 0 0
AKEBIA THERAPEUTICS INC COM 00972D105 30,876 2,148,623 SH   SOLE   2,148,623 0 0
ALTABA INC COM 021346101 60,603 1,112,397 SH   SOLE   1,112,397 0 0
AMERICAS CAR MART INC COM 03062T105 3,276 84,214 SH   SOLE   84,214 0 0
ARMSTRONG FLOORING INC COM 04238R106 14,494 806,590 SH   SOLE   806,590 0 0
ARQULE INC COM 04269E107 12,697 10,239,651 SH   SOLE   10,239,651 0 0
ASCENT CAP GROUP INC COM SER A 043632108 2,071 134,827 SH   SOLE   134,827 0 0
AVEXIS INC COM 05366U100 8,216 100,000 SH Put SOLE   100,000 0 0
BANCORP INC DEL COM 05969A105 28,347 3,739,697 SH   SOLE   3,739,697 0 0
BRIDGEPOINT ED INC COM 10807M105 20,569 1,393,589 SH   SOLE   1,393,589 0 0
CARDCONNECT CORP COM 14141X108 10,173 675,926 SH   SOLE   675,926 0 0
CHEMOCENTRYX INC COM 16383L106 5,666 605,353 SH   SOLE   605,353 0 0
CITI TRENDS INC COM 17306X102 6,222 293,206 SH   SOLE   293,206 0 0
CODEXIS INC COM 192005106 35,362 6,488,379 SH   SOLE   6,488,379 0 0
COGENTIX MED INC COM 19243A104 6,324 3,634,265 SH   SOLE   3,634,265 0 0
DOLBY LABORATORIES INC COM 25659T107 44,187 902,507 SH   SOLE   902,507 0 0
DOVER DOWNS GAMING & ENTMT I COM 260095104 1,609 1,449,559 SH   SOLE   1,449,559 0 0
DOVER MOTORSPORTS INC COM 260174107 3,624 1,725,789 SH   SOLE   1,725,789 0 0
ELEVATE CREDIT INC COM 28621V101 4,950 625,000 SH   SOLE   625,000 0 0
EMMIS COMMUNICATIONS CORP COM NEW CL A 291525400 3,137 1,092,951 SH   SOLE   1,092,951 0 0
EVOLUTION PETROLEUM CORP COM 30049A107 4,562 563,171 SH   SOLE   563,171 0 0
EXACT SCIENCES CORP COM 30063P105 7,074 200,000 SH Put SOLE   200,000 0 0
EXACT SCIENCES CORP COM 30063P105 21,222 600,000 SH Put SOLE   600,000 0 0
EXACT SCIENCES CORP COM 30063P105 21,222 600,000 SH Put SOLE   600,000 0 0
EZCORP INC CL A NON VTG 302301106 2,976 386,494 SH   SOLE   386,494 0 0
FALCONSTOR SOFTWARE INC COM 306137100 737 2,841,368 SH   SOLE   2,841,368 0 0
FB FINL CORP COM 30257X104 1,810 50,000 SH   SOLE   50,000 0 0
FIAT CHRYSLER AUTOMOBILES N SHS N31738102 9,672 800,000 SH Call SOLE   800,000 0 0
FINTECH ACQUISITION CORP II UNIT 99/99/9999 31810G208 5,195 499,998 SH   SOLE   499,998 0 0
FIRSTCASH INC COM 33767D105 35,607 610,756 SH   SOLE   610,756 0 0
GAMESTOP CORP NEW CL A 36467W109 6,483 300,000 SH Put SOLE   300,000 0 0
GLOBAL EAGLE ENTMT INC COM 37951D102 19,579 5,499,695 SH   SOLE   5,499,695 0 0
GOLDEN ENTMT INC COM 381013101 22,601 1,091,329 SH   SOLE   1,091,329 0 0
HERTZ GLOBAL HLDGS INC COM 42806J106 5,750 500,000 SH Call SOLE   500,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 84,552 600,000 SH Put SOLE   600,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 28,184 200,000 SH Put SOLE   200,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 49,322 350,000 SH Put SOLE   350,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 33,821 240,000 SH Put SOLE   240,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 74,688 530,000 SH Put SOLE   530,000 0 0
JAMBA INC COM NEW 47023A309 7,355 944,129 SH   SOLE   944,129 0 0
LEE ENTERPRISES INC COM 523768109 336 177,085 SH   SOLE   177,085 0 0
LIBERTY TAX INC CL A 53128T102 227 17,491 SH   SOLE   17,491 0 0
LINCOLN EDL SVCS CORP COM 533535100 6,505 2,098,377 SH   SOLE   2,098,377 0 0
LUXFER HLDGS PLC SPONSORED ADR 550678106 27,250 2,130,544 SH   SOLE   2,130,544 0 0
MEDICINES CO COM 584688105 3,801 100,000 SH Call SOLE   100,000 0 0
MEDICINES CO COM 584688105 7,602 200,000 SH Call SOLE   200,000 0 0
META FINL GROUP INC COM 59100U108 38,977 437,947 SH   SOLE   437,947 0 0
MFC BANCORP LTD COM 55278T105 602 337,978 SH   SOLE   337,978 0 0
NATURES SUNSHINE PRODUCTS IN COM 639027101 4,158 313,814 SH   SOLE   313,814 0 0
ON DECK CAP INC COM 682163100 9,315 1,999,020 SH   SOLE   1,999,020 0 0
OWENS RLTY MTG INC COM 690828108 10,978 647,313 SH   SOLE   647,313 0 0
PAIN THERAPEUTICS INC COM NEW 69562K506 1,440 347,050 SH   SOLE   347,050 0 0
PETMED EXPRESS INC COM 716382106 8,120 200,000 SH Put SOLE   200,000 0 0
QAD INC CL A 74727D306 22,948 716,021 SH   SOLE   557,781 0 0
RADIANT LOGISTICS INC COM 75025X100 3,316 616,400 SH   SOLE   616,400 0 0
REPUBLIC BANCORP KY CL A 760281204 263 7,371 SH   SOLE   7,371 0 0
RH COM 74967X103 55,681 863,000 SH Call SOLE   863,000 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 50,634 1,940,000 SH Call SOLE   1,940,000 0 0
SCIENTIFIC GAMES CORP CL A 80874P109 26,100 1,000,000 SH Call SOLE   1,000,000 0 0
SEARS HLDGS CORP COM 812350106 4,430 500,000 SH Call SOLE   500,000 0 0
SEARS HLDGS CORP COM 812350106 4,430 500,000 SH Call SOLE   500,000 0 0
SEARS HOMETOWN & OUTLET STOR COM 812362101 2,822 1,045,236 SH   SOLE   1,045,236 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 31,994 597,795 SH   SOLE   597,795 0 0
SODASTREAM INTERNATIONAL LTD USD SHS M9068E105 16,056 300,000 SH Call SOLE   300,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 48,360 200,000 SH Call SOLE   200,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 72,540 300,000 SH Put SOLE   300,000 0 0
STERLING CONSTRUCTION CO INC COM 859241101 3,367 257,604 SH   SOLE   257,604 0 0
STREAMLINE HEALTH SOLUTIONS COM 86323X106 1,884 1,760,297 SH   SOLE   1,760,297 0 0
TRANS WORLD ENTMT CORP COM 89336Q100 2,921 1,825,453 SH   SOLE   1,825,453 0 0
UNIQURE NV SHS N90064101 6,855 1,107,483 SH   SOLE   1,107,483 0 0
UNIVERSAL TECHNICAL INST INC COM 913915104 2,385 667,946 SH   SOLE   667,946 0 0
WORLD ACCEP CORP DEL COM 981419104 33,250 443,861 SH   SOLE   443,861 0 0