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
HARMAN INTL INDS INC Equity 413086109 45,912 413,024 SH   SOLE   413,024 0 0
KINGSWAY FINL SVCS INC Equity 496904202 750 120,037 SH   SOLE   120,037 0 0
MEDLEY CAP CORP Equity 58503F106 1,148 152,893 SH   SOLE   152,893 0 0
SARATOGA INVT CORP Equity 80349A208 528 25,631 SH   SOLE   25,631 0 0
AEP INDS INC Equity 001031103 13,126 113,054 SH   SOLE   113,054 0 0
LIFELOCK INC Equity 53224V100 23,953 1,001,390 SH   SOLE   1,001,390 0 0
RITE AID CORP Equity 767754104 3,464 420,442 SH   SOLE   420,442 0 0
BGC PARTNERS INC Equity 05541T101 1,419 138,755 SH   SOLE   138,755 0 0
SOUTHWEST BANCORP INC OKLA Equity 844767103 5,796 199,872 SH   SOLE   199,872 0 0
MENTOR GRAPHICS CORP Equity 587200106 23,300 631,607 SH   SOLE   631,607 0 0
RESOURCE CAP CORP Equity 76120W708 653 78,341 SH   SOLE   78,341 0 0
GAIN CAP HLDGS INC Equity 36268W100 769 116,847 SH   SOLE   116,847 0 0
EQUITY ONE Equity 294752100 1,497 48,792 SH   SOLE   48,792 0 0
REYNOLDS AMERICAN INC Equity 761713106 37,048 661,108 SH   SOLE   661,108 0 0
DARLING INGREDIENTS INC Equity 237266101 1,882 145,799 SH   SOLE   145,799 0 0
LIONBRIDGE TECHNOLOGIES INC Equity 536252109 3,775 650,888 SH   SOLE   650,888 0 0
LIBERTY GLOBAL PLC Equity G5480U138 1,724 78,486 SH   SOLE   78,486 0 0
ENDURANCE SPECIALTY HLDGS LT Equity G30397106 40,994 443,663 SH   SOLE   443,663 0 0
BERKSHIRE HATHAWAY INC DEL Equity 084670108 1,465 6 SH   SOLE   6 0 0
SUFFOLK BANCORP Equity 864739107 12,118 283,010 SH   SOLE   283,010 0 0
CST BRANDS INC Equity 12646R105 38,050 790,241 SH   SOLE   790,241 0 0
LORAL SPACE & COMMUNICATNS I Equity 543881106 1,868 45,499 SH   SOLE   45,499 0 0
COLUMBIA PIPELINE PARTNERS L Equity 198281107 39,948 2,329,308 SH   SOLE   2,329,308 0 0
CONIFER HLDGS INC Equity 20731J102 367 45,025 SH   SOLE   45,025 0 0
INTRALINKS HLDGS INC Equity 46118H104 11,449 846,837 SH   SOLE   846,837 0 0
NEXSTAR BROADCASTING GROUP I Equity 65336K103 1,388 21,925 SH   SOLE   21,925 0 0
VISHAY PRECISION GROUP INC Equity 92835K103 2,754 145,692 SH   SOLE   145,692 0 0
SUNCOKE ENERGY PARTNERS L P Equity 86722Y101 6,139 318,929 SH   SOLE   318,929 0 0
WHITEHORSE FIN INC Equity 96524V106 439 36,106 SH   SOLE   36,106 0 0
TEAM HEALTH HOLDINGS INC Equity 87817A107 17,749 408,495 SH   SOLE   408,495 0 0