Par-Four Investment Management

Par-Four Investment Management as of March 31, 2012

Portfolio Holdings for Par-Four Investment Management

Par-Four Investment Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

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                            TITLE OF                     VALUE      SHRS OR  SH/ PUT/    INVESTMENT     OTHR      VOTING AUTHORITY
NAME OF ISSUER              CLASS             CUSIP                 PRN AMT  PRN CALL    DISCRETION     MGRS   SOLE    SHARED   NONE
{S}                         {C}          {C}  {C}        {C}       {C}       {C} {C}   {C}              {C}   {C}      {C}      {C}
HAWAIIAN TELCOM HOLDCO INC  COM               420031106     918       53,254 SH             SOLE        None  53,254
SPDR S^P 500 ETF TR         TR UNIT           78462F103  14,081      100,000     PUT        SHARED       1             100,000
YRC WORLDWIDE INC           NOTE 10.000% 3/3  984249AC6     990    1,354,458 PRN            SHARED       1           1,354,458
YRC WORLDWIDE INC           NOTE 10.000% 3/3  984249AC6     115      156,743 PRN            SOLE        None  156,743
YRC WORLDWIDE INC           NOTE 10.000% 3/3  984249AB8   1,018    3,027,516 PRN            SHARED       1           3,027,516
YRC WORLDWIDE INC           NOTE 10.000% 3/3  984249AB8     118      351,445 PRN            SOLE        None  351,445