Heartland Advisors 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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
AAR CORP.	COM	000361105	15,812	609,324	SH		SOLE		588,424	0	20,900
ABBVIE INC.	COM	00287Y109	1,880	36,581	SH		SOLE		35,460	0	1,121
ACCURAY INC.	COM	004397105	14,400	1,500,000	SH		SOLE		1,500,000	0	0
ACTUATE CORP.	COM	00508B102	12,833	2,131,725	SH		SOLE		2,012,950	0	118,775
ALBANY INTL CORP.	CL A	012348108	43,287	1,217,991	SH		SOLE		1,217,991	0	0
ALCO STORES INC.	COM	001600105	3,884	380,400	SH		SOLE		380,400	0	0
ALCOA INC.	COM	013817101	274	21,298	SH		SOLE		21,298	0	0
AMERICAN PUBLIC EDUCATION IN	COM	02913V103	21,789	621,119	SH		SOLE		569,369	0	51,750
ARCH COAL, INC.	COM	039380100	7,230	1,500,000	SH		SOLE		1,500,000	0	0
ARGAN INC.	COM	04010E109	19,894	669,156	SH		SOLE		640,356	0	28,800
ASSOCIATED BANC CORP.	COM	045487105	69,647	3,856,424	SH		SOLE		3,856,424	0	0
ASTEC INDS INC.	COM	046224101	19,760	450,000	SH		SOLE		450,000	0	0
AT&T INC.	COM	00206R102	25,726	733,561	SH		SOLE		672,362	0	61,199
AURICO GOLD INC.	COM	05155C105	8,793	2,016,708	SH		SOLE		2,016,708	0	0
AUTOLIV, INC.	COM	052800109	246	2,453	SH		SOLE		2,453	0	0
AVERY DENNISON CORP.	COM	053611109	205	4,037	SH		SOLE		4,037	0	0
AVX CORP NEW	COM	002444107	184	13,990	SH		SOLE		13,990	0	0
BAKER HUGHES INCORPORATED	COM	057224107	26,493	407,456	SH		SOLE		373,287	0	34,169
BANK OF NEW YORK MELLON CORP.	COM	064058100	21,700	614,901	SH		SOLE		559,203	0	55,698
BB&T CORP.	COM	054937107	23,122	575,606	SH		SOLE		526,785	0	48,821
BEBE STORES, INC.	COM	075571109	1,836	300,000	SH		SOLE		300,000	0	0
BERKSHIRE HILLS BANCORP INC.	COM	084680107	31,942	1,234,249	SH		SOLE		1,234,249	0	0
BLACK BOX CORP DEL	COM	091826107	29,224	1,200,660	SH		SOLE		1,200,660	0	0
BOISE CASCADE COMPANY	COM	09739D100	26,807	936,016	SH		SOLE		852,009	0	84,007
BOSTON PRIVATE FINANCIAL HOLDINGS, INC.	COM	101119105	20,370	1,505,557	SH		SOLE		1,369,064	0	136,493
BP PLC	SPONSORED ADR	055622104	3,288	68,488	SH		SOLE		61,743	0	6,745
BRADY CORP.	CL A	104674106	62,172	2,289,940	SH		SOLE		2,289,940	0	0
BRIGGS & STRATTON CORP.	COM	109043109	61,805	2,777,756	SH		SOLE		2,777,756	0	0
BROCADE COMMUNICATIONS SYSTEMS, INC.	COM NEW	111621306	171	16,092	SH		SOLE		16,092	0	0
BROOKLINE BANCORP INC.	COM	11373M107	5,181	550,000	SH		SOLE		550,000	0	0
BUNGE LIMITED	COM	G16962105	19,296	242,683	SH		SOLE		223,947	0	18,736
C D I CORP.	COM	125071100	32,646	1,903,528	SH		SOLE		1,903,528	0	0
CAMBREX CORP.	COM	132011107	20,123	1,066,400	SH		SOLE		1,066,400	0	0
CAMPUS CREST COMMUNITIES, INC.	COM	13466Y105	37,248	4,291,229	SH		SOLE		3,954,413	0	336,816
CAPITAL BANK FINANCIAL CORP.	CL A COM	139794101	10,044	400,000	SH		SOLE		400,000	0	0
CAPITAL ONE FINL CORP.	COM	14040H105	29,875	387,178	SH		SOLE		357,210	0	29,968
CARDINAL HEALTH, INC.	COM	14149Y108	17,580	251,214	SH		SOLE		228,301	0	22,913
CENTERSTATE BANKS INC.	COM	15201P109	18,369	1,682,112	SH		SOLE		1,682,112	0	0
CHICO'S FAS, INC.	COM	168615102	65,952	4,114,279	SH		SOLE		4,114,279	0	0
CIBER, INC.	COM	17163B102	3,893	850,000	SH		SOLE		850,000	0	0
CISCO SYS INC.	COM	17275R102	23,831	1,063,430	SH		SOLE		965,202	0	98,228
COBIZ FINANCIAL, INC.	COM	190897108	8,640	750,000	SH		SOLE		750,000	0	0
COMMERCIAL METALS CO.	COM	201723103	49,239	2,608,006	SH		SOLE		2,608,006	0	0
COMMERCIAL VEHICLE GROUP, INC.	COM	202608105	912	100,000	SH		SOLE		100,000	0	0
COMPUTER TASK GROUP INC.	COM	205477102	10,217	601,332	SH		SOLE		601,332	0	0
COMSTOCK RES INC.	COM NEW	205768203	63,931	2,797,868	SH		SOLE		2,797,868	0	0
CON-WAY INC	COM	205944101	45,531	1,108,352	SH		SOLE		1,108,352	0	0
CORNING INC.	COM	219350105	2,920	140,226	SH		SOLE		140,226	0	0
CROSS COUNTRY HEALTHCARE, INC.	COM	227483104	6,822	845,332	SH		SOLE		845,332	0	0
CTS CORP.	COM	126501105	48,342	2,315,227	SH		SOLE		2,315,227	0	0
CUI GLOBAL	COM NEW	126576206	5,500	500,000	SH		SOLE		500,000	0	0
CYBEROPTICS CORP.	COM	232517102	4,155	500,000	SH		SOLE		500,000	0	0
DAWSON GEOPHYSICAL COMPANY	COM	239359102	7,003	250,000	SH		SOLE		250,000	0	0
DEAN FOODS COMPANY	COM NEW	242370203	27,580	1,783,930	SH		SOLE		1,783,930	0	0
DENNYS CORP.	COM	24869P104	8,038	1,250,000	SH		SOLE		1,250,000	0	0
DESTINATION XL GROUP INC.	COM	25065K104	5,640	1,000,000	SH		SOLE		1,000,000	0	0
DEVON ENERGY CORP NEW	COM	25179M103	33,019	493,330	SH		SOLE		450,542	0	42,788
DEVRY, INC.	COM	251893103	46,858	1,105,395	SH		SOLE		1,105,395	0	0
DIEBOLD, INCORPORATED	COM	253651103	209	5,234	SH		SOLE		5,234	0	0
DIGIRAD CORP.	COM	253827109	6,174	1,800,000	SH		SOLE		1,800,000	0	0
DIGITAL REALTY TRUST, INC.	COM	253868103	30,850	581,197	SH		SOLE		532,087	0	49,110
DOUGLAS DYNAMICS, INC.	COM	25960R105	15,381	882,950	SH		SOLE		882,950	0	0
DR PEPPER SNAPPLE GROUP, INC.	COM	26138E109	3,140	57,664	SH		SOLE		57,664	0	0
DSP GROUP INC.	COM	23332B106	4,320	500,000	SH		SOLE		500,000	0	0
DUN & BRADSTREET CORP DEL NE	COM	26483E100	2,494	25,102	SH		SOLE		25,007	0	95
DYNAMIC MATERIALS CORPORATION	COM	267888105	17,612	925,000	SH		SOLE		925,000	0	0
EL PASO ELECTRIC COMPANY	COM NEW	283677854	14,944	418,236	SH		SOLE		418,236	0	0
ELECTRO RENT CORP.	COM	285218103	21,114	1,200,322	SH		SOLE		1,200,322	0	0
ENCORE WIRE CORP.	COM	292562105	64,787	1,335,535	SH		SOLE		1,335,535	0	0
ENDURANCE SPECIALTY HLDGS LT	SHS	G30397106	25,621	475,958	SH		SOLE		457,556	0	18,402
ENSIGN GROUP INC.	COM	29358P101	31,625	724,684	SH		SOLE		699,184	0	25,500
ENTEGRIS, INC.	COM	29362U104	43,836	3,619,838	SH		SOLE		3,619,838	0	0
EPLUS INC.	COM	294268107	19,672	352,795	SH		SOLE		352,795	0	0
ESCO TECHNOLOGIES INC.	COM	296315104	57,402	1,631,196	SH		SOLE		1,631,196	0	0
FABRINET	SHS	G3323L100	11,803	568,295	SH		SOLE		515,184	0	53,111
FEDERAL SIGNAL CORP.	COM	313855108	118,772	7,971,270	SH		SOLE		7,971,270	0	0
FEDERATED NATIONAL HOLDING COMPANY	COM	31422T101	7,328	400,000	SH		SOLE		400,000	0	0
FIRST INTST BANCSYSTEM INC.	COM CL A	32055Y201	13,439	476,227	SH		SOLE		431,932	0	44,295
FOSTER L B CO.	COM	350060109	9,370	200,000	SH		SOLE		200,000	0	0
FREDS INC.	CL A	356108100	79,252	4,400,463	SH		SOLE		4,334,083	0	66,380
FREIGHTCAR AMER INC.	COM	357023100	28,788	1,238,719	SH		SOLE		1,238,719	0	0
FRESH DEL MONTE PRODUCE, INC.	ORD	G36738105	16,079	583,214	SH		SOLE		529,897	0	53,317
FUEL-TECH N V	COM	359523107	3,540	708,000	SH		SOLE		708,000	0	0
FURMANITE CORP.	COM	361086101	2,455	250,000	SH		SOLE		250,000	0	0
GATX CORP.	COM	361448103	58,878	867,388	SH		SOLE		867,388	0	0
GLACIER BANCORP INC NEW	COM	37637Q105	43,534	1,497,559	SH		SOLE		1,497,559	0	0
GLOBE SPECIALTY METALS INC.	COM	37954N206	3,644	175,000	SH		SOLE		175,000	0	0
GOLDEN STAR RES LTD CDA	COM	38119T104	19,366	32,063,118	SH		SOLE		29,836,193	0	2,226,925
GRANITE CONSTR INC.	COM	387328107	105,021	2,630,133	SH		SOLE		2,630,133	0	0
GREIF, INC.	CL A	397624107	53,155	1,012,675	SH		SOLE		1,012,675	0	0
GULF ISLAND FABRICATION INC.	COM	402307102	33,382	1,544,736	SH		SOLE		1,544,736	0	0
HARDINGE INC.	COM	412324303	4,320	300,000	SH		SOLE		300,000	0	0
HARRIS CORP DEL	COM	413875105	3,205	43,814	SH		SOLE		43,814	0	0
HARSCO CORP.	COM	415864107	7,029	300,000	SH		SOLE		300,000	0	0
HARTE-HANKS INC.	COM	416196103	38,729	4,381,075	SH		SOLE		4,381,075	0	0
HAYNES INTERNATIONAL, INC.	COM NEW	420877201	11,568	214,226	SH		SOLE		195,468	0	18,758
HEALTH NET, INC.	COM	42222G108	261	7,661	SH		SOLE		7,661	0	0
HEIDRICK & STRUGGLES INTL IN	COM	422819102	36,420	1,814,657	SH		SOLE		1,814,657	0	0
HERITAGE FINL CORP WASH	COM	42722X106	5,076	300,000	SH		SOLE		300,000	0	0
HESS CORP.	COM	42809H107	10,801	130,325	SH		SOLE		118,422	0	11,903
HF FINL CORP.	COM	404172108	4,690	350,000	SH		SOLE		350,000	0	0
HOME LOAN SERVICING SOLUTIONS, LTD.	ORD SHS	G6648D109	7,084	327,945	SH		SOLE		303,610	0	24,335
HOOPER HOLMES INC.	COM	439104100	7,081	12,209,238	SH		SOLE		11,458,031	0	751,207
HOSPIRA INC.	COM	441060100	22,111	511,242	SH		SOLE		465,142	0	46,100
HOUSTON WIRE & CABLE CO.	COM	44244K109	3,590	273,433	SH		SOLE		273,433	0	0
HUDSON HIGHLAND GROUP INC.	COM	443787106	17,508	4,631,826	SH		SOLE		4,343,161	0	288,665
HUMANA, INC.	COM	444859102	10,851	96,266	SH		SOLE		87,639	0	8,627
HUNTINGTON BANCSHARES INCORPORATED	COM	446150104	238	23,863	SH		SOLE		23,863	0	0
IAMGOLD CORP.	COM	450913108	26,230	7,453,403	SH		SOLE		7,010,528	0	442,875
INDEPENDENT BANK CORP MASS	COM	453836108	36,877	936,683	SH		SOLE		936,683	0	0
INTEGRATED DEVICE TECHNOLOGY, INC.	COM	458118106	37,276	3,047,878	SH		SOLE		3,047,878	0	0
INTEL CORP.	COM	458140100	22,497	871,642	SH		SOLE		788,478	0	83,164
INTERDIGITAL INC.	COM	45867G101	13,244	400,000	SH		SOLE		400,000	0	0
INTREPID POTASH, INC.	COM	46121Y102	88,033	5,694,220	SH		SOLE		5,694,220	0	0
INVACARE CORP.	COM	461203101	81,968	4,298,262	SH		SOLE		4,254,987	0	43,275
INVESTORS REAL ESTATE TRUST	SH BEN INT	461730103	1,920	213,841	SH		SOLE		187,591	0	26,250
ITRON, INC.	COM	465741106	9,161	257,763	SH		SOLE		237,511	0	20,252
JANUS CAP GROUP INC.	COM	47102X105	31,449	2,893,167	SH		SOLE		2,794,717	0	98,450
JETBLUE AIRWAYS CORP.	COM	477143101	23,913	2,751,762	SH		SOLE		2,500,040	0	251,722
JOHN BEAN TECHNOLOGIES CORP.	COM	477839104	27,403	886,843	SH		SOLE		886,843	0	0
JOHNSON CTLS INC.	COM	478366107	26,539	560,840	SH		SOLE		516,828	0	44,012
JOY GLOBAL INC.	COM	481165108	22,858	394,108	SH		SOLE		358,475	0	35,633
KBR INC.	COM	48242W106	24,030	900,659	SH		SOLE		817,956	0	82,703
KEATING CAPITAL, INC.	COM	48722R106	614	100,000	SH		SOLE		100,000	0	0
KEY ENERGY SERVICES, INC.	COM	492914106	32,035	3,466,975	SH		SOLE		3,252,875	0	214,100
KOHS CORP.	COM	500255104	18,152	319,574	SH		SOLE		290,250	0	29,324
LANDEC	COM	514766104	2,877	257,801	SH		SOLE		257,801	0	0
LATAM AIRLINES GROUP S.A.	SPONSORED ADR	51817R106	19,704	1,309,231	SH		SOLE		1,190,116	0	119,115
LAWSON PRODUCTS	COM	520776105	1,457	90,683	SH		SOLE		90,683	0	0
LEAPFROG ENTERPRISES INC.	CL A	52186N106	3,000	400,000	SH		SOLE		400,000	0	0
LEXMARK INTL NEW	CL A	529771107	4,497	97,157	SH		SOLE		96,177	0	980
LHC GROUP INC.	COM	50187A107	8,824	400,000	SH		SOLE		400,000	0	0
LINCOLN EDL SVCS CORP.	COM	533535100	15,044	3,990,441	SH		SOLE		3,760,130	0	230,311
LSB INDUSTRIES, INC.	COM	502160104	13,324	356,064	SH		SOLE		323,637	0	32,427
LYDALL INC DEL	COM	550819106	16,009	700,000	SH		SOLE		700,000	0	0
M.D.C. HOLDINGS, INC.	COM	552676108	35,883	1,268,849	SH		SOLE		1,268,849	0	0
MAGNETEK INC.	COM NEW	559424403	5,700	299,999	SH		SOLE		299,999	0	0
MAINSOURCE FINANCIAL GROUP, INC.	COM	56062Y102	8,550	500,000	SH		SOLE		500,000	0	0
MANTECH INTL CORP.	CL A	564563104	47,262	1,607,021	SH		SOLE		1,605,826	0	1,195
MARTEN TRANS LTD.	COM	573075108	9,684	450,000	SH		SOLE		450,000	0	0
MATERION CORP.	COM	576690101	68,569	2,020,906	SH		SOLE		2,020,906	0	0
MATTEL, INC.	COM	577081102	2,120	52,860	SH		SOLE		51,560	0	1,300
MCDERMOTT INTERNATIONAL, INC.	COM	580037109	167	21,416	SH		SOLE		21,416	0	0
MEADOWBROOK INS GROUP INC.	COM	58319P108	4,348	745,780	SH		SOLE		745,780	0	0
MFRI INC.	COM	552721102	2,703	198,583	SH		SOLE		198,583	0	0
MGP INGREDIENTS INC.	COM	55303J106	1,803	267,151	SH		SOLE		267,151	0	0
MICREL INC.	COM	594793101	44,275	3,995,901	SH		SOLE		3,995,901	0	0
MIDSOUTH BANCORP INC.	COM	598039105	9,257	550,000	SH		SOLE		550,000	0	0
MKS INSTRUMENTS, INC.	COM	55306N104	43,025	1,439,441	SH		SOLE		1,439,441	0	0
MOLSON COORS BREWING CO.	CL B	60871R209	2,793	47,459	SH		SOLE		47,459	0	0
MURPHY USA INC.	COM	626755102	21,889	539,274	SH		SOLE		503,738	0	35,536
MYRIAD GENETICS, INC.	COM	62855J104	10,257	300,000	SH		SOLE		300,000	0	0
NAVIGANT CONSULTING INC.	COM	63935N107	79,696	4,270,952	SH		SOLE		4,240,852	0	30,100
NEWMONT MINING CORP.	COM	651639106	439	18,740	SH		SOLE		13,140	0	5,600
NEWPARK RES INC.	COM PAR $.01NEW	651718504	25,305	2,210,055	SH		SOLE		2,170,150	0	39,905
NORTH VALLEY BANCORP	COM NEW	66304M204	9,672	400,000	SH		SOLE		400,000	0	0
NORTHWEST PIPE CO.	COM	667746101	16,016	442,930	SH		SOLE		434,800	0	8,130
OIL DRI CORP AMER	COM	677864100	3,454	100,000	SH		SOLE		100,000	0	0
OLD NATL BANCORP IND.	COM	680033107	61,844	4,147,788	SH		SOLE		4,147,788	0	0
OLIN CORP.	COM PAR $1	680665205	28,045	1,015,747	SH		SOLE		1,015,747	0	0
OLYMPIC STEEL INC.	COM	68162K106	14,173	493,830	SH		SOLE		493,830	0	0
OMNIVISION TECHNOLOGIES, INC.	COM	682128103	8,850	500,000	SH		SOLE		500,000	0	0
OMNOVA SOLUTIONS INC.	COM	682129101	4,152	400,000	SH		SOLE		400,000	0	0
ONEBEACON INSURANCE GROUP, LTD.	CL A	G67742109	7,204	465,985	SH		SOLE		465,985	0	0
PACER INTL INC TENN	COM	69373H106	8,960	1,000,000	SH		SOLE		1,000,000	0	0
PACIFIC CONTINENTAL CORP.	COM	69412V108	5,504	400,000	SH		SOLE		400,000	0	0
PAR TECHNOLOGY CORP.	COM	698884103	1,467	300,000	SH		SOLE		300,000	0	0
PARK ELECTROCHEMICAL CORP.	COM	700416209	56,820	1,902,249	SH		SOLE		1,902,249	0	0
PC-TEL INC.	COM	69325Q105	2,783	318,733	SH		SOLE		318,733	0	0
PDI INC.	COM	69329V100	13,398	2,925,411	SH		SOLE		2,682,502	0	242,909
PENFORD CORP.	COM	707051108	8,993	626,252	SH		SOLE		571,582	0	54,670
PERMA-FIX ENVIRONMENTAL SVCS	COM NEW	714157203	8,840	1,811,532	SH		SOLE		1,644,992	0	166,540
PFIZER INC.	COM	717081103	23,778	740,292	SH		SOLE		680,178	0	60,114
PHARMERICA CORP.	COM	71714F104	50,463	1,803,533	SH		SOLE		1,803,533	0	0
PHOTRONICS, INC.	COM	719405102	13,878	1,626,947	SH		SOLE		1,481,881	0	145,066
PIONEER POWER SOLUTIONS, INC.	COM NEW	723836300	3,679	422,838	SH		SOLE		422,838	0	0
PNC FINL SVCS GROUP INC.	COM	693475105	26,468	304,234	SH		SOLE		279,835	0	24,399
POLYCOM, INC.	COM	73172K104	4,116	300,000	SH		SOLE		300,000	0	0
POPULAR, INC.	COM NEW	733174700	219	7,077	SH		SOLE		7,077	0	0
POWELL INDS INC.	COM	739128106	5,011	77,329	SH		SOLE		77,329	0	0
PRINCIPAL FINANCIAL GROUP, INC.	COM	74251V102	28,589	621,641	SH		SOLE		573,394	0	48,247
PROGRESS SOFTWARE CORP.	COM	743312100	4,554	208,900	SH		SOLE		208,900	0	0
PROVIDENT FINL SVCS INC.	COM	74386T105	32,361	1,761,608	SH		SOLE		1,761,608	0	0
QUANEX CORP.	COM	747619104	68,026	3,289,470	SH		SOLE		3,289,470	0	0
QUEST DIAGNOSTICS INC.	COM	74834L100	29,776	514,081	SH		SOLE		469,778	0	44,303
QUESTCOR PHARMACEUTICALS, INC.	COM	74835Y101	25,972	400,000	SH		SOLE		400,000	0	0
RCM TECHNOLOGIES INC.	COM NEW	749360400	7,403	1,100,000	SH		SOLE		1,100,000	0	0
REGIS CORP MINN	COM	758932107	75,952	5,543,957	SH		SOLE		5,521,743	0	22,214
REINSURANCE GROUP OF AMERICA, INCORPORATED	COM NEW	759351604	360	4,516	SH		SOLE		4,516	0	0
RENASANT CORP.	COM	75970E107	36,267	1,248,448	SH		SOLE		1,248,448	0	0
RESOURCES CONNECTION INC.	COM	76122Q105	45,742	3,246,396	SH		SOLE		3,246,396	0	0
RF MICRODEVICES INC.	COM	749941100	28,710	3,643,461	SH		SOLE		3,397,932	0	245,529
ROYAL CARIBBEAN CRUISES LTD.	COM	V7780T103	35,309	647,167	SH		SOLE		598,437	0	48,730
RTI INTL METALS INC.	COM	74973W107	22,771	819,682	SH		SOLE		746,075	0	73,607
RUBY TUESDAY INC.	COM	781182100	6,542	1,166,154	SH		SOLE		1,086,154	0	80,000
RYDER SYSTEM INC.	COM	783549108	15,066	188,510	SH		SOLE		174,779	0	13,731
SCORPIO TANKERS INC	SHS	Y7542C106	28,164	2,824,912	SH		SOLE		2,637,280	0	187,632
SILICON IMAGE, INC.	COM	82705T102	12,442	1,803,130	SH		SOLE		1,653,450	0	149,680
SPARTAN MOTORS INC.	COM	846819100	2,313	450,000	SH		SOLE		450,000	0	0
SPIRIT AEROSYSTEMS HLDGS INC.	COM CL A	848574109	24,085	854,390	SH		SOLE		825,140	0	29,250
STAAR SURGICAL CO.	COM PAR $0.01	852312305	1,880	100,000	SH		SOLE		100,000	0	0
STANLEY FURNITURE CO., INC.	COM NEW	854305208	2,055	750,000	SH		SOLE		750,000	0	0
STARTEK INC.	COM	85569C107	11,330	1,644,409	SH		SOLE		1,596,805	0	47,604
STATE AUTO FINL CORP.	COM	855707105	2,131	100,000	SH		SOLE		100,000	0	0
STERLING CONSTRUCTION CO., INC.	COM	859241101	8,670	1,000,000	SH		SOLE		1,000,000	0	0
STONE ENERGY CORP.	COM	861642106	118,493	2,823,275	SH		SOLE		2,823,275	0	0
STONERIDGE, INC.	COM	86183P102	2,808	250,000	SH		SOLE		250,000	0	0
SUN COMMUNITIES, INC.	COM	866674104	2,329	51,643	SH		SOLE		50,733	0	910
SUNTRUST BKS INC.	COM	867914103	368	9,252	SH		SOLE		9,252	0	0
SUPERIOR INDS INTL INC.	COM	868168105	17,926	874,882	SH		SOLE		874,882	0	0
SUPREME INDS INC.	CL A	868607102	10,322	1,338,750	SH		SOLE		1,338,750	0	0
SWIFT ENERGY CO.	COM	870738101	30,909	2,872,598	SH		SOLE		2,746,578	0	126,020
SYMETRA FINL CORP.	COM	87151Q106	5,576	281,332	SH		SOLE		270,272	0	11,060
SYNALLOY CORP.	COM	871565107	5,098	355,000	SH		SOLE		355,000	0	0
SYSTEMAX INC.	COM	871851101	1,601	107,386	SH		SOLE		107,386	0	0
TCF FINL CORP.	COM	872275102	42,629	2,558,780	SH		SOLE		2,501,020	0	57,760
TECHTARGET, INC.	COM	87874R100	549	76,082	SH		SOLE		76,082	0	0
TERADYNE, INC.	COM	880770102	9,138	459,409	SH		SOLE		417,614	0	41,795
TETRA TECHNOLOGIES INC DEL	COM	88162F105	19,200	1,500,000	SH		SOLE		1,500,000	0	0
TEVA PHARMACEUTICAL INDS LTD.	ADR	881624209	33,380	631,721	SH		SOLE		572,506	0	59,215
THE ADT CORPORATION	COM	00101J106	12,982	433,469	SH		SOLE		399,170	0	34,299
THE MOSAIC CO.	COM	61945C103	29,518	590,369	SH		SOLE		536,169	0	54,200
THE WESTERN UNION COMPANY	COM	959802109	2,760	168,709	SH		SOLE		168,709	0	0
TIDEWATER INC.	COM	886423102	23,927	492,121	SH		SOLE		450,270	0	41,851
TRANSCAT, INC.	COM	893529107	937	100,000	SH		SOLE		100,000	0	0
TRC COS INC.	COM	872625108	16,415	2,468,346	SH		SOLE		2,337,005	0	131,341
TRINITY BIOTECH PLC	SPON ADR NEW	896438306	29,485	1,216,878	SH		SOLE		1,179,763	0	37,115
TRIPLE-S MANAGEMENT CORPORATION	CL B	896749108	19,262	1,193,424	SH		SOLE		1,089,227	0	104,197
TRIQUINT SEMICONDUCTOR INC.	COM	89674K103	13,390	1,000,000	SH		SOLE		1,000,000	0	0
TRISTATE CAPITAL HOLDINGS, INC.	COM	89678F100	7,766	546,500	SH		SOLE		546,500	0	0
TRONOX, LTD.	SHS CL A	Q9235V101	44,802	1,884,820	SH		SOLE		1,884,820	0	0
TWIN DISC INC.	COM	901476101	7,246	275,094	SH		SOLE		275,094	0	0
ULTRA PETROLEUM CORP.	COM	903914109	144,990	5,391,961	SH		SOLE		5,352,626	0	39,335
UMPQUA HLDGS CORP.	COM	904214103	67,258	3,608,244	SH		SOLE		3,608,244	0	0
UNION FIRST MKT BANKSH CP	COM	90662P104	41,453	1,630,724	SH		SOLE		1,630,724	0	0
UNIT CORP.	COM	909218109	201,372	3,080,022	SH		SOLE		3,028,336	0	51,686
UNITED INSURANCE HOLDINGS CORP.	COM	910710102	12,272	840,000	SH		SOLE		840,000	0	0
UNITED STATIONERS, INC.	COM	913004107	21,734	529,198	SH		SOLE		491,624	0	37,574
UNIVERSAL FST PRODS INC.	COM	913543104	83,439	1,507,753	SH		SOLE		1,472,937	0	34,816
UNIVERSAL TECHNICAL INSTITUTE, INC.	COM	913915104	4,228	326,518	SH		SOLE		326,518	0	0
URS CORP NEW	COM	903236107	21,988	467,225	SH		SOLE		426,453	0	40,772
USANA HEALTH SCIENCES	COM	90328M107	1,884	25,000	SH		SOLE		25,000	0	0
VERA BRADLEY, INC.	COM	92335C106	14,638	542,351	SH		SOLE		493,256	0	49,095
VISHAY PRECISION GROUP, INC.	COM	92835K103	4,345	250,000	SH		SOLE		250,000	0	0
WASHINGTON BANKING CO.	COM	937303105	3,556	200,000	SH		SOLE		200,000	0	0
WASHINGTON FEDERAL, INC.	COM	938824109	14,664	629,351	SH		SOLE		572,281	0	57,070
WCI COMMUNITIES, INC.	COM PAR $0.01	92923C807	9,751	493,448	SH		SOLE		457,563	0	35,885
WESTELL TECHNOLOGIES INC.	CL A	957541105	11,070	3,000,000	SH		SOLE		3,000,000	0	0
WILLBROS GROUP INC DEL	COM	969203108	30,943	2,451,890	SH		SOLE		2,370,140	0	81,750
WILLIAMS CLAYTON ENERGY INC.	COM	969490101	11,301	100,000	SH		SOLE		100,000	0	0
WPX ENERGY, INC.	COM	98212B103	69,965	3,880,481	SH		SOLE		3,880,481	0	0
ZEP INC.	COM	98944B108	37,397	2,112,836	SH		SOLE		2,112,836	0	0
ZIONS BANCORPORATION	COM	989701107	19,901	642,390	SH		SOLE		585,858	0	56,532