Instuitional Investor - Western Standard, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares TrustPUT	IEF	220,000	$44,156,200	29.39%
2.	Merrimack Pharmaceuticals Inc	MACK	2,172,513	$29,133,399	19.39%
3.	Bristow Group Inc.	VTOL	475,463	$13,441,339	8.94%
4.	Healthstream Inc	HSTM	261,672	$7,072,994	4.7%
5.	Equity Commonwealth	EQC	251,482	$4,828,454	3.21%