Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	303,800	$63.64M	13.5%	$209.47	—	—	Put	78462F103
AAL	AMERICAN AIRLS GROUP INC	959,451	$27.16M	5.8%	$28.31 *	$37.70	-13.9%	COM	02376R102
—	INTELIQUENT INC	1,206,621	$24M	5.1%	$19.89	$18.54	—	COM	45825N107
—	XCERRA CORP	3,997,956	$22.99M	4.9%	$5.75	$7.34	—	COM	98400J108
TBHC	KIRKLANDS INC	1,561,942	$22.93M	4.9%	$14.68 *	$18.04	-16.8%	COM	497498105
VPG	VISHAY PRECISION GROUP INC	1,629,845	$21.87M	4.6%	$13.42 *	$15.20	-7.8%	COM	92835K103
—	TELENAV INC	4,008,736	$20.45M	4.3%	$5.10	$6.32	—	COM	879455103
BBW	BUILD A BEAR WORKSHOP	1,308,178	$17.56M	3.7%	$13.42 *	$11.24	+0.6%	COM	120076104
—	NEWFIELD EXPL CO	386,930	$17.09M	3.6%	$44.18	$33.60	—	COM	651290108
CALX	CALIX INC	2,420,960	$16.73M	3.5%	$6.91	$7.92	-13.6%	COM	13100M509
—	CARBONITE INC	1,611,595	$15.68M	3.3%	$9.73	$10.56	—	COM	141337105
—	FITBIT INC	1,241,110	$15.17M	3.2%	$12.22	$14.93	—	CL A	33812L102
TDS	TELEPHONE & DATA SYS INC	449,768	$13.34M	2.8%	$29.66 *	$26.99	+6.6%	COM NEW	879433829
RILY	B RILEY FINL INC	1,315,000	$12.6M	2.7%	$9.58 *	$9.75	+1.8%	COM	05580M108
OEC	ORION ENGINEERED CARBONS S A	752,960	$11.96M	2.5%	$15.89 *	$12.87	+16.6%	COM	L72967109
—	STATE NATL COS INC	1,135,282	$11.96M	2.5%	$10.53	$9.81	—	COM	85711T305
SATS	ECHOSTAR CORP	296,426	$11.77M	2.5%	$39.70 *	$32.71	0.0%	CL A	278768106
—	SHUTTERFLY INC	250,158	$11.66M	2.5%	$46.61	$41.49	—	COM	82568P304
AAL	AMERICAN AIRLS GROUP INC	400,000	$11.32M	2.4%	$28.31 *	$37.70	-13.9%	Call	02376R102
GDX	VANECK VECTORS ETF TR	391,695	$10.85M	2.3%	$27.71	$27.71	—	GOLD MINERS ETF	92189F106
—	CHIPMOS TECH BERMUDA LTD	530,978	$9.616M	2.0%	$18.11	$23.00	—	SHS	G2110R114
—	PDC ENERGY INC	162,963	$9.388M	2.0%	$57.61	$58.62	—	COM	69327R101
—	SEQUANS COMMUNICATIONS S A	4,460,890	$9.145M	1.9%	$2.05	$1.86	—	SPONSORED ADS	817323108
—	XURA INC	336,297	$8.216M	1.7%	$24.43	$24.43	—	COM	98420V107
—	WIDEPOINT CORP	12,774,251	$7.537M	1.6%	$0.59	$1.35	—	COM	967590100
MXL	MAXLINEAR INC	340,238	$6.117M	1.3%	$17.98 *	$10.19	+82.1%	CL A	57776J100
—	TANGOE INC	760,964	$5.875M	1.2%	$7.72	$7.90	—	COM	87582Y108
EGAN	EGAIN CORP	1,688,122	$4.761M	1.0%	$2.82 *	$3.93	-13.4%	COM NEW	28225C806
INTT	INTEST CORP	1,030,346	$3.926M	0.8%	$3.81 *	$4.32	-9.7%	COM	461147100
—	TRANSATLANTIC PETROLEUM LTD	4,437,760	$3.639M	0.8%	$0.82	$3.96	—	SHS NEW	G89982113
—	POWERSHARES QQQ TRUST	33,200	$3.57M	0.8%	$107.53	—	—	Put	73935A104
—	JIVE SOFTWARE INC	926,008	$3.482M	0.7%	$3.76	$3.76	—	COM	47760A108
—	GREAT ELM CAP GROUP INC	432,048	$2.847M	0.6%	$6.59	$6.59	—	COM	39036P100
—	DEL FRISCOS RESTAURANT GROUP	176,179	$2.523M	0.5%	$14.32	$14.23	—	COM	245077102
GDXJ	VANECK VECTORS ETF TR	57,953	$2.469M	0.5%	$42.60	$42.60	—	JR GOLD MINERS E	92189F791
—	NEW YORK & CO INC	1,197,216	$1.784M	0.4%	$1.49	$2.79	—	COM	649295102
—	CARMIKE CINEMAS INC	56,885	$1.713M	0.4%	$30.11	$26.56	—	COM	143436400
GLD	SPDR GOLD TRUST	11,448	$1.448M	0.3%	$126.48	$119.10	—	GOLD SHS	78463V107
GS	GOLDMAN SACHS GROUP INC	8,300	$1.233M	0.3%	$148.55 *	$127.90	0.0%	COM	38141G104
—	GLOBALSTAR INC	775,000	$938K	0.2%	$1.21	$1.21	—	COM	378973408
—	BELLATRIX EXPLORATION LTD	762,426	$749K	0.2%	$0.98	$5.81	—	COM	078314101
VRA	VERA BRADLEY INC	17,000	$241K	0.1%	$14.18 *	$16.17	0.0%	COM	92335C106
—	HOUSTON AMERN ENERGY CORP	1,675,811	$0	0.0%	$0.00	—	—	COM	44183U100