Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NUMEREX CORP -CL A	635,176	$6.657M	7.3%	$12.88	—	COMM	67053A102
SPY	SPDR S&P 500 ETF TRUST	30,000	$5.911M	6.4%	—	—	Put	78462F103
EXTR	EXTREME NETWORKS INC	872,017	$4.177M	4.6%	$4.98	-2.5%	COMM	30226D106
—	AXCELIS TECHNOLOGIES INC	1,974,801	$3.93M	4.3%	$1.99	—	COMM	54540109
—	FX ENERGY INC	1,217,379	$3.701M	4.0%	$3.60	—	COMM	302695101
UIS	UNISYS CORP	120,948	$2.831M	3.1%	$23.00	0.0%	COMM	909214306
UIS	UNISYS CORP	110,800	$2.594M	2.8%	$23.00	0.0%	Call	909214306
—	PANDORA MEDIA INC	91,800	$2.218M	2.4%	$24.16	—	COMM	698354107
—	NEWTEK BUSINESS SERVICES INC	803,515	$2.21M	2.4%	$3.14	—	COMM	652526104
—	MERU NETWORKS INC	577,510	$2.2M	2.4%	$4.31	—	COMM	59047Q103
SATS	ECHOSTAR HOLDING CORP-A	43,850	$2.138M	2.3%	$39.12	+4.8%	COMM	278768106
—	QUANTUM CORP	1,837,723	$2.132M	2.3%	$1.20	—	COMM	747906204
—	PROCERA NETWORKS INC	202,515	$1.94M	2.1%	$10.13	—	COMM	74269U203
—	TRAVELCENTERS OF AMERICA LLC	192,262	$1.9M	2.1%	$8.70	—	COMM	894174101
—	CARTESIAN INC	532,143	$1.863M	2.0%	$3.50	—	COMM	146534102
—	RADISYS CORP	695,007	$1.856M	2.0%	$2.67	—	COMM	750459109
—	INNERWORKINGS INC	228,023	$1.845M	2.0%	$8.15	—	COMM	45773Y105
—	O2MICRO INTERNATIONAL-ADR	688,451	$1.831M	2.0%	$2.80	—	ADRS	67107W100
LNWO	SCIENTIFIC GAMES CORP-A	169,500	$1.826M	2.0%	$16.72	-38.8%	COMM	80874P109
—	SCIQUEST INC	118,881	$1.788M	1.9%	$15.82	—	COMM	80908T101
—	TELECOMMUNICATION SYSTEMS-A	611,012	$1.705M	1.9%	$2.31	—	COMM	87929J103
—	LIFEVANTAGE CORP	1,428,469	$1.628M	1.8%	$1.36	—	COMM	53222K106
—	BOINGO WIRELESS INC	218,009	$1.554M	1.7%	$6.91	—	COMM	09739C102
—	LIONBRIDGE TECHNOLOGIES INC	332,808	$1.498M	1.6%	$5.96	—	COMM	536252109
—	IXIA	163,359	$1.493M	1.6%	$11.43	—	COMM	45071R109
—	USA TECHNOLOGIES INC	783,408	$1.41M	1.5%	$1.97	—	COMM	90328S500
LSAK	NET 1 UEPS TECHNOLOGIES INC	112,464	$1.355M	1.5%	$10.51	+12.3%	COMM	64107N206
—	ENTROPIC COMMUNICATIONS INC	462,624	$1.231M	1.3%	$3.45	—	COMM	29384R105
—	INTERSECTIONS INC	319,029	$1.225M	1.3%	$5.27	—	COMM	460981301
—	BEBE STORES INC	515,039	$1.195M	1.3%	$2.32	—	COMM	75571109
—	PHARMATHENE INC	643,234	$1.145M	1.2%	$1.79	—	COMM	71714G102
—	REALD INC	108,487	$1.017M	1.1%	$9.92	—	COMM	75604L105
—	ADVANCED PHOTONIX INC-CL A	1,741,463	$958K	1.0%	$0.55	—	COMM	00754E107
—	THE FINISH LINE-CL A	37,150	$930K	1.0%	$27.35	—	COMM	317923100
CACH	CACHE INC	1,043,850	$879K	1.0%	$2.19	-46.8%	COMM	127150308
IBB	ISHARES NASDAQ BIOTECH INDX	3,000	$821K	0.9%	—	—	Call	464287556
—	FX ENERGY INC	265,000	$805K	0.9%	$3.60	—	Call	302695101
—	AMERICAN CAPITAL LIMITED	50,000	$708K	0.8%	$14.16	—	COMM	02503Y103
—	FALCONSTOR SOFTWARE INC	602,774	$693K	0.8%	$1.40	—	COMM	306137100
SCVL	SHOE CARNIVAL INC	37,799	$673K	0.7%	$9.69	0.0%	COMM	824889109
RICK	RCI HOSPITALITY HOLDINGS INC	60,633	$668K	0.7%	$11.36	0.0%	COMM	74934Q108
TNA	SMALL CAP BULL 3X SHARES	14,300	$665K	0.7%	$46.50	—	ETF	25459W847
SIGA	SIGA TECHNOLOGIES INC	452,776	$654K	0.7%	$2.45	-41.4%	COMM	826917106
SXC	SUNCOKE ENERGY INC	29,102	$653K	0.7%	$20.64	+12.0%	COMM	86722A103
EWH	ISHARES MSCI HONG KONG INDEX	30,000	$610K	0.7%	—	—	Put	464286871
—	RIVERBED TECHNOLOGY INC	32,000	$593K	0.6%	$19.72	—	COMM	768573107
—	RIGHTSIDE GROUP LTD	60,866	$593K	0.6%	$9.74	—	COMM	76658B100
—	CUMULUS MEDIA INC-CL A	146,622	$591K	0.6%	$4.03	—	COMM	231082108
—	ZBB ENERGY CORP	1,048,100	$587K	0.6%	$0.56	—	COMM	98876R303
—	TRANSGENOMIC INC	150,000	$566K	0.6%	$3.74	—	COMM	89365K305
—	CAMBREX CORP	29,269	$547K	0.6%	$20.69	—	COMM	132011107
—	DEMAND MEDIA INC	60,866	$539K	0.6%	$4.82	—	COMM	24802N208
—	JAMBA INC	32,157	$457K	0.5%	$12.35	—	COMM	47023A309
—	EMCORE CORP	79,513	$452K	0.5%	$5.68	—	COMM	290846203
SRPT	SAREPTA THERAPEUTICS INC	21,100	$445K	0.5%	$28.00	-19.4%	COMM	803607100
NOK	NOKIA CORP SPONSORED ADR	48,300	$409K	0.4%	$7.60	—	COMM	654902204
BB	BLACKBERRY LTD	40,000	$398K	0.4%	—	—	Call	09228F103
—	PERNIX THERAPEUTICS HOLDINGS INC	49,000	$376K	0.4%	$7.67	—	REIT	71426V108
—	IEC ELECTRONICS CORP	82,968	$374K	0.4%	$4.45	—	COMM	44949L105
—	INSIGNIA SYSTEMS INC	88,307	$271K	0.3%	$2.82	—	COMM	45765Y105
—	LIFE TIME FITNESS INC	5,000	$252K	0.3%	$50.40	—	COMM	53217R207
—	TRAVELCENTERS OF AMERICA LLC	25,000	$247K	0.3%	$8.70	—	Call	894174101
—	BALTIC TRADING LTD	58,600	$243K	0.3%	$6.44	—	COMM	Y0553W103
—	ALCOBRA LTD	15,700	$242K	0.3%	$15.41	—	COMM	M2239P109
—	IKANOS COMMUNICATIONS INC	649,173	$229K	0.2%	$0.35	—	COMM	45173E105
—	BLACK DIAMOND INC	29,100	$220K	0.2%	$7.56	—	COMM	09202G101
—	NUMEREX CORP -CL A	20,000	$210K	0.2%	$12.88	—	Call	67053A102
—	APPLIED MICRO CIRCUITS CORP	28,400	$199K	0.2%	$9.90	—	COMM	03822W406
—	SERVICESOURCE INTERNATIONAL	51,200	$165K	0.2%	$3.22	—	COMM	81763U100
—	WALTER ENERGY INC	70,000	$164K	0.2%	$3.65	—	Call	93317Q105
—	NEOPHOTONICS CORP	44,117	$148K	0.2%	$4.16	—	COMM	64051T100
—	ADCARE HEALTH SYSTEMS INC	30,000	$142K	0.2%	—	—	Call	00650W300
—	SCIQUEST INC	8,000	$120K	0.1%	$15.82	—	Put	80908T101
EXTR	EXTREME NETWORKS INC	15,300	$73,000	0.1%	$4.98	-2.5%	Call	30226D106
SXC	SUNCOKE ENERGY INC	3,100	$70,000	0.1%	$20.64	+12.0%	Put	86722A103
—	WALTER ENERGY INC	24,000	$56,000	0.1%	$3.65	—	COMM	93317Q105
—	MATTERSIGHT CORP	1,736	$9,000	0.0%	$5.18	—	COMM	577097108