UNITED STATES 		 SECURITIES AND EXCHANGE COMMISSION 			 Washington, D.C. 20549 				 FORM 13F 			 FORM 13F COVER PAGE Report for the Quarter Ended: March 31, 2013 Check here if Amendment: [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] add new holdings entries. Institutional Investment Manager Filing this Report: Name: Columbia Pacific Advisors, LLC Address: 1910 Fairview Ave E, Suite 200 Seattle, WA 98102 Form 13F File Number: 028-15386 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Paul Parietti Title: Chief Compliance Officer Phone No.: 206-728-9063 Signature, Place, and Date of Signing: Paul Parietti		Seattle, Washington	 May 15, 2013 ---------------------	---------------------	 ------------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager 	are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all 	holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this 	reporting manager are reported in this report and a portion are reported 	by other reporting manager(s).) 			 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 5 Form 13F Information Table Value Total: $73,812 (thousands) List of Other Included Managers:	 NONE 						Columbia Pacific Advisors, LLC 						Form 13F Information Table 						FORM 13F INFORMATION TABLE 						 				TITLE			 VALUE SHARES/ SH/ PUT/	INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER			OF CLASS	 CUSIP	 (x$1000) PRN AMT PRN CALL	DSCRETN MANAGERS SOLE	 SHARED NONE ---------------------------	---------	--------- -------- ------- --- ---- 	------- -------- ------- ------ ----- BLUEPHOENIX SOLUTIONS LTD	SHS NEW		M20157117 17557 4045431 SH	 SOLE		 4045431 CHINAEDU CORP			SPONS ADR	16945L107 6884 972107 SH	 SOLE		 972107 RED LION HOTELS CORP		COM		756764106 39087 5497448 SH	 SOLE		 5497448 VITESSE SEMICONDUCTOR CORP	COM NEW		928497304 7988 3698214 SH	 SOLE		 3698214 ZUOAN FASHION LTD		SPONS ADR	98982X103 2295 805261 SH	 SOLE		 805261