Price Michael F 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Allison Transmission Holdings, Inc.	COM	01973R101	791	22,500	SH		DFND	1	0	22,500	0
Alphabet Inc.	CAP STK CL A	02079K305	4,836	3,300	SH		DFND	1	0	3,300	0
Alphabet Inc.	CAP STK CL A	02079K305	4,397	3,000	SH		SOLE	0	3,000	0	0
Amazon.Com Inc.	COM	023135106	11,021	3,500	SH		SOLE	0	3,500	0	0
Anterix Inc	COM	03676C100	16,355	500,000	SH		DFND	1	0	500,000	0
Arista Networks Inc.	COM	040413106	3,104	15,000	SH		DFND	1	0	15,000	0
Atlantic Capital Bancshares	COM	048269203	10,784	950,093	SH		DFND	1	0	950,093	0
BCB Bancorp, Inc.	COM	055298103	8,163	1,020,408	SH		DFND	1	0	1,020,408	0
BKF Capital Group, Inc.	COM	05548G201	323	29,380	SH		DFND	1	0	29,380	0
BRT Realty Trust	COM	055645303	521	44,217	SH		DFND	1	0	44,217	0
Baker Hughes Company	COM	05722G100	66	5,000	SH		SOLE	0	5,000	0	0
The Bancorp Bank	COM	05969A105	3,521	407,500	SH		DFND	1	0	407,500	0
Banc of California, Inc.	COM	05990K106	13,536	1,337,500	SH		DFND	1	0	1,337,500	0
Bank of America Corporation	COM	060505104	96	4,000	SH		SOLE	0	4,000	0	0
Bank of San Francisco	COM	064774102	2,010	102,687	SH		DFND	1	0	102,687	0
Bausch Health Companies Inc.	COM	071734107	1,904	122,500	SH		DFND	1	0	122,500	0
Blackberry Limited	COM	09228F103	6,426	1,400,000	SH		DFND	1	0	1,400,000	0
Blackberry Limited	COM	09228F103	289	63,000	SH		SOLE	0	63,000	0	0
CIBL, Inc.	COM	12543Y104	366	215	SH		DFND	1	0	215	0
CIT Group Inc.	COM NEW	125581801	11,699	660,600	SH		DFND	1	0	660,600	0
CIT Group Inc.	COM NEW	125581801	177	10,000	SH		SOLE	0	10,000	0	0
Camden Property Trust	SH BEN INT	133131102	1,877	21,100	SH		DFND	1	0	21,100	0
Carbon Natural Gas Co.	COM	14115T208	59	211,112	SH		DFND	1	0	211,112	0
Carter Bank & Trust	COM	146102108	1,053	158,400	SH		DFND	1	0	158,400	0
Constellation Brands	CL A	21036P108	663	3,500	SH		DFND	1	0	3,500	0
Continental Resources Inc.	COM	212015101	368	30,000	SH		SOLE	0	30,000	0	0
Crimson Wine Group Ltd.	COM	22662X100	5,620	1,135,310	SH		DFND	1	0	1,135,310	0
Devon Energy Corp. New	COM	25179M103	322	34,000	SH		SOLE	0	34,000	0	0
Dolby Laboratories Inc.	COM CL A	25659T107	32,749	494,100	SH		DFND	1	0	494,100	0
Dolby Laboratories Inc.	COM CL A	25659T107	216	3,255	SH		SOLE	0	3,255	0	0
Dow Inc.	COM	260557103	951	20,212	SH		SOLE	0	20,212	0	0
Du Pont E I De Nemours & Co	COM	26614N102	1,121	20,212	SH		SOLE	0	20,212	0	0
Edgewell Personal Care Company	COM	28035Q102	1,093	39,200	SH		DFND	1	0	39,200	0
Equity Residential	SH BEN INT	29476L107	1,499	29,200	SH		DFND	1	0	29,200	0
Evans Bancorp	COM NEW	29911Q208	358	16,074	SH		DFND	1	0	16,074	0
Exxon Mobil Corp.	COM	30231G102	378	11,000	SH		SOLE	0	11,000	0	0
FLIR Systems Inc.	COM	302445101	137	3,822	SH		SOLE	0	3,822	0	0
FFBW Inc.	COM	30260M103	2,743	293,022	SH		DFND	1	0	293,022	0
Facebook Inc.	COM	30303M102	2,722	10,395	SH		SOLE	0	10,395	0	0
Farmers & Merchants Bank	COM	308243104	1,238	203	SH		SOLE	0	203	0	0
Federal Life Group, Inc.	COM	313533101	1	100	SH		DFND	1	0	100	0
Federal Life Group, Inc.	COM	313533101	1	100	SH		SOLE	0	100	0	0
First Bank	COM	31931U102	1,241	200,100	SH		DFND	1	0	200,100	0
First of Long Island Corp	COM	320734106	1,259	85,000	SH		DFND	1	0	85,000	0
FirstEnergy Corp.	COM	337932107	5,742	200,000	SH		DFND	1	0	200,000	0
Franklin Resources Inc.	COM	354613101	7,123	350,000	SH		DFND	1	0	350,000	0
Franklin Resources Inc.	COM	354613101	764	37,530	SH		SOLE	0	37,530	0	0
GAMCO Investors, Inc.	COM	361438104	730	63,124	SH		DFND	1	0	63,124	0
Goldman Sachs Group Inc.	COM	38141G104	1,005	5,000	SH		SOLE	0	5,000	0	0
Groupon, Inc.	COM	399473107	204	10,000	SH		SOLE	0	10,000	0	0
Gulf Coast Ultra Deep Rty Trust Unit	UNIT BEN INT	40222T104	35	5,000,000	SH		DFND	1	0	5,000,000	0
Gulf Coast Ultra Deep Rty Trust Unit	UNIT BEN INT	40222T104	5	721,942	SH		SOLE	0	721,942	0	0
Gyrodyne, LLC	COM	403829104	1,390	80,850	SH		DFND	1	0	80,850	0
Gyrodyne, LLC	COM	403829104	80	4,658	SH		SOLE	0	4,658	0	0
HarborOne Bancorp	COM NEW	41165F101	225	27,882	SH		DFND	1	0	27,882	0
Helmerich & Payne Inc.	COM	423452101	1,465	100,000	SH		DFND	1	0	100,000	0
Hess Corporation	COM	42809H107	1,158	28,282	SH		SOLE	0	28,282	0	0
Hexcel Corp	COM	428291108	8,975	267,500	SH		DFND	1	0	267,500	0
Hugoton Realty Trust TEX Unit Ben Int	UNIT BEN INT	444717102	23	190,440	SH		SOLE	0	190,440	0	0
ICC Holdings, Inc.	COM	44931Q104	581	49,630	SH		DFND	1	0	49,630	0
Intel Corp.	COM	458140100	51,780	1,000,000	SH		DFND	1	0	1,000,000	0
Intel Corp.	COM	458140100	58,253	1,125,000	SH		SOLE	0	1,125,000	0	0
Intel Corp.	COM	458140100	5,024	97,025	SH		SOLE	0	97,025	0	0
Inter Parfums Inc.	COM	458334109	1,868	50,000	SH		DFND	1	0	50,000	0
Investors Bancorp, Inc.	COM	46146L101	9,474	1,305,000	SH		DFND	1	0	1,305,000	0
Ironwood Pharmaceuticals	COM CL A	46333X108	4,514	501,874	SH		DFND	1	0	501,874	0
Jefferies Financial Group	COM	47233W109	6,750	375,000	SH		DFND	1	0	375,000	0
Kaiser Aluminum Corp.	COM PAR $0.01	483007704	1,447	27,000	SH		DFND	1	0	27,000	0
Kansas City Southern	COM NEW	485170302	5,334	29,500	SH		DFND	1	0	29,500	0
Kearny Financial Corp.	COM	48716P108	1,353	187,646	SH		DFND	1	0	187,646	0
LICT Corp.	COM	50187G104	4,703	275	SH		DFND	1	0	275	0
Las Vegas Sands Corp.	COM	517834107	196	4,195	SH		SOLE	0	4,195	0	0
Livent Corp.	COM	53814L108	378	42,088	SH		SOLE	0	42,088	0	0
Madison Square Garden Sports	CL A	55825T103	767	5,100	SH		DFND	1	0	5,100	0
Madison Square Garden Sports	CL A	55825T103	92	612	SH		SOLE	0	612	0	0
Madison Square Garden Entertainment	CL A	55826T102	1,164	17,000	SH		DFND	1	0	17,000	0
Madison Square Garden Entertainment	CL A	55826T102	42	612	SH		SOLE	0	612	0	0
Amerant Bancorp Inc.	COM	58734F305	2,607	280,012	SH		DFND	1	0	280,012	0
Meridian Corp.	COM	58958P104	4,456	276,277	SH		DFND	1	0	276,277	0
Meridian Bancorp, Inc.	COM	58958U103	1,035	100,000	SH		DFND	1	0	100,000	0
Mid-Southern Bancorp	COM	59548Q107	2,186	169,485	SH		DFND	1	0	169,485	0
Bunge Limited	COM	616962105	18,052	395,000	SH		DFND	1	0	395,000	0
Bunge Limited	COM	616962105	1,828	40,000	SH		SOLE	0	40,000	0	0
Nathans Famous Inc.	COM	632347100	522	10,181	SH		DFND	1	0	10,181	0
News Corp	COM	65249B109	6,519	465,000	SH		DFND	1	0	465,000	0
NI Holdings Inc.	COM	65342T106	8,931	528,791	SH		DFND	1	0	528,791	0
Noble Energy Inc.	COM	655044105	2,351	275,000	SH		DFND	1	0	275,000	0
Northeast Bancorp	COM	663904209	4,262	231,637	SH		DFND	1	0	231,637	0
One Liberty Properties, Inc.	COM	682406103	3,746	228,981	SH		DFND	1	0	228,981	0
Open Lending Corporation	COM CL A	68373J104	2,550	100,000	SH		DFND	1	0	100,000	0
PDL Community Bancorp	COM	69290X101	748	84,804	SH		DFND	1	0	84,804	0
Palantir Tech	CL A	69608A108	328	34,508	SH		SOLE	0	34,508	0	0
Peapack-Gladstone Financial Corp.	COM	704699107	2,207	145,650	SH		DFND	1	0	145,650	0
Permian Basin Rlty Trust	UNIT BEN INT	714236106	34	13,841	SH		SOLE	0	13,841	0	0
Plains All American Pipeline	UNIT LTD PARTN	726503105	2,437	407,500	SH		DFND	1	0	407,500	0
Plains All American Pipeline	UNIT LTD PARTN	726503105	66	11,081	SH		SOLE	0	11,081	0	0
Plains GP Holdings LP	LTD PARTNR INT A	72651A207	1,012	166,130	SH		DFND	1	0	166,130	0
Plains GP Holdings LP	LTD PARTNR INT A	72651A207	575	94,388	SH		SOLE	0	94,388	0	0
Popular, Inc.	COM UNIT RP IN	733174700	11,363	313,296	SH		DFND	1	0	313,296	0
Positive Phyisicians Holdings Inc	COM	73740G106	5	450	SH		DFND	1	0	450	0
Positive Phyisicians Holdings Inc	COM	73740G106	5	450	SH		SOLE	0	450	0	0
Provident Bancorp Inc	COM NEW	74383L105	448	57,500	SH		DFND	1	0	57,500	0
QualComm Inc.	COM	747525103	86	732	SH		SOLE	0	732	0	0
Red Lion Hotels	COM	756764106	2,688	1,250,000	SH		DFND	1	0	1,250,000	0
Resources Connection Inc	COM	76122q105	635	55,000	SH		DFND	1	0	55,000	0
Ruth's Hospitality Group, Inc.	COM	783332109	6,937	627,200	SH		DFND	1	0	627,200	0
S&W Seed Company	COM	785135104	39,624	15,977,491	SH		DFND	1	0	15,977,491	0
William H. Sadlier, Inc.	COM	786327106	690	21,217	SH		DFND	1	0	21,217	0
San Juan Basin Realty Trust Unit	UNIT BEN INT	798241105	252	100,240	SH		SOLE	0	100,240	0	0
SIGA Technologies	COM	826917106	8,285	1,205,900	SH		DFND	1	0	1,205,900	0
Skyworks Solutions Inc.	COM	83088M102	282	1,936	SH		SOLE	0	1,936	0	0
Steel Holdings LP Ltd Prshp Unit	LTD PRTRSHIP U	85814R107	36	5,773	SH		SOLE	0	5,773	0	0
Taubman Centers, Inc.	COM	876664103	2,414	72,500	SH		DFND	1	0	72,500	0
Tejon Ranch Co.	COM	879080109	6,488	458,523	SH		DFND	1	0	458,523	0
Textron, Inc.	COM	883203101	6,124	169,700	SH		DFND	1	0	169,700	0
Tidewater Warrant Exp 11/24/24	*W EXP 11/24/202	88642R174	2	7,444	SH		DFND	1	0	7,444	0
Trinity Place Holdings Inc.	COM	89656D101	9,459	6,708,538	SH		DFND	1	0	6,708,538	0
Twitter	COM	90184L102	4,450	100,000	SH		DFND	1	0	100,000	0
US Foods Holding Co	COM	912008109	1,111	50,000	SH		DFND	1	0	50,000	0
US Foods Holding Co	COM	912008109	489	22,026	SH		SOLE	0	22,026	0	0
Univar Solutions Inc.	COM	91336L107	2,827	167,500	SH		DFND	1	0	167,500	0
Vericity, Inc.	COM	92347D100	701	68,715	SH		DFND	1	0	68,715	0
ViasSat, Inc.	COM	92552v100	963	28,000	SH		DFND	1	0	28,000	0
Vornado Realty Trust	SH BEN INT	929042109	8,596	255,000	SH		DFND	1	0	255,000	0
Waterstone Financial Inc.	COM	94188P101	8,896	574,300	SH		DFND	1	0	574,300	0
Westlake Chemical Corp.	COM	960413102	5,058	80,000	SH		DFND	1	0	80,000	0
Wright Investors Service Holdings	COM	982345100	289	825,691	SH		DFND	1	0	825,691	0
York Traditions Bank	COM	987159100	1,968	144,100	SH		DFND	1	0	144,100	0
Alkermes PLC	SHS	G01767105	3,521	212,500	SH		DFND	1	0	212,500	0
Nielsen Holdings PLC	SHS EUR	G6518L108	1,085	76,508	SH		DFND	1	0	76,508	0
Sirius International Insurance Group	COM	G8196D101	2,090	180,795	SH		DFND	1	0	180,795	0
TechnipFMC plc	COM	G87110105	3,455	547,500	SH		DFND	1	0	547,500	0
Chubb Limited	COM	h1467j104	2,961	25,500	SH		DFND	1	0	25,500	0