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 | 13,073 | 560,101 | SH | | SOLE | | 0 | 542,400 | 17,701 |
ACACIA RESH CORP | ACACIA TCH COM | 003881307 | 25,907 | 5,888,030 | SH | | SOLE | | 0 | 5,711,700 | 176,330 |
ACCURAY INC | COM | 004397105 | 15,440 | 2,975,037 | SH | | SOLE | | 0 | 2,847,192 | 127,845 |
ADTRAN INC | COM | 00738A106 | 8,181 | 439,000 | SH | | SOLE | | 0 | 433,007 | 5,993 |
AEGEAN MARINE PETROLEUM NETW | SHS | Y0017S102 | 1,209 | 219,780 | SH | | SOLE | | 0 | 219,281 | 499 |
ALCOA INC | COM | 013817101 | 232 | 25,080 | SH | | SOLE | | 0 | 25,080 | 0 |
AMERICAN EAGLE OUTFITTERS NE | COM | 02553E106 | 4,055 | 254,557 | SH | | SOLE | | 0 | 251,305 | 3,252 |
AMERICAN EXPRESS CO. | COM | 025816109 | 5,074 | 83,515 | SH | | SOLE | | 0 | 81,955 | 1,560 |
AMERICAN VANGUARD CORP | COM | 030371108 | 8,820 | 583,688 | SH | | SOLE | | 0 | 583,688 | 0 |
ARGAN INC | COM | 04010E109 | 14,577 | 349,400 | SH | | SOLE | | 0 | 335,900 | 13,500 |
ASPEN AEROGELS INC. | COM | 04523Y105 | 497 | 100,000 | SH | | SOLE | | 0 | 100,000 | 0 |
ASSURANT INC | COM | 04621X108 | 245 | 2,840 | SH | | SOLE | | 0 | 2,840 | 0 |
AT&T INC | COM | 00206R102 | 12,014 | 278,044 | SH | | SOLE | | 0 | 274,128 | 3,916 |
AV HOMES INC | COM | 00234P102 | 10,105 | 826,900 | SH | | SOLE | | 0 | 812,500 | 14,400 |
AVG TECHNOLOGIES N.V. | SHS | N07831105 | 10,445 | 550,000 | SH | | SOLE | | 0 | 550,000 | 0 |
AVNET INC | COM | 053807103 | 237 | 5,843 | SH | | SOLE | | 0 | 5,843 | 0 |
AVX CORP NEW | COM | 002444107 | 142 | 10,485 | SH | | SOLE | | 0 | 10,485 | 0 |
BAKER HUGHES INC | COM | 057224107 | 12,806 | 283,750 | SH | | SOLE | | 0 | 280,757 | 2,993 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 8,957 | 230,551 | SH | | SOLE | | 0 | 227,917 | 2,634 |
BARRETT BUSINESS SERVICES IN | COM | 068463108 | 23,931 | 579,170 | SH | | SOLE | | 0 | 560,810 | 18,360 |
BB&T CORP | COM | 054937107 | 10,327 | 289,996 | SH | | SOLE | | 0 | 286,636 | 3,360 |
BERKSHIRE HILLS BANCORP INC | COM | 084680107 | 9,048 | 336,117 | SH | | SOLE | | 0 | 336,117 | 0 |
BOISE CASCADE CO DEL | COM | 09739D100 | 8,676 | 378,036 | SH | | SOLE | | 0 | 373,313 | 4,723 |
BOSTON PRIVATE FINL HLDGS IN | COM | 101119105 | 7,599 | 646,211 | SH | | SOLE | | 0 | 642,234 | 3,977 |
BRAVO BRIO RESTAURANT GROUP | COM | 10567B109 | 7,913 | 966,125 | SH | | SOLE | | 0 | 902,250 | 63,875 |
CA INC | COM | 12673P105 | 14,170 | 432,027 | SH | | SOLE | | 0 | 427,784 | 4,243 |
CALLAWAY GOLF CO | COM | 131193104 | 9,289 | 909,830 | SH | | SOLE | | 0 | 909,830 | 0 |
CAPITAL BK FINL CORP | CL A COM | 139794101 | 14,249 | 494,745 | SH | | SOLE | | 0 | 494,745 | 0 |
CAPITAL CITY BK GROUP INC | COM | 139674105 | 9,491 | 681,850 | SH | | SOLE | | 0 | 661,640 | 20,210 |
CAPITAL ONE FINL CORP | COM | 14040H105 | 7,252 | 114,188 | SH | | SOLE | | 0 | 112,940 | 1,248 |
CARBO CERAMICS INC | COM | 140781105 | 17,085 | 1,304,167 | SH | | SOLE | | 0 | 1,304,167 | 0 |
CARETRUST REIT INC | COM | 14174T107 | 30,531 | 2,215,577 | SH | | SOLE | | 0 | 2,164,427 | 51,150 |
CASH AMER INTL INC | COM | 14754D100 | 14,567 | 341,787 | SH | | SOLE | | 0 | 341,787 | 0 |
CENTERSTATE BANKS INC | COM | 15201P109 | 25,546 | 1,621,974 | SH | | SOLE | | 0 | 1,621,974 | 0 |
CHRISTOPHER & BANKS CORP. | COM | 171046105 | 2,957 | 1,350,000 | SH | | SOLE | | 0 | 1,350,000 | 0 |
CIBER INC | COM | 17163B102 | 5,250 | 3,500,000 | SH | | SOLE | | 0 | 3,500,000 | 0 |
CISCO SYS INC | COM | 17275R102 | 10,853 | 378,667 | SH | | SOLE | | 0 | 374,041 | 4,626 |
COMPUTER TASK GROUP INC | COM | 205477102 | 2,989 | 601,332 | SH | | SOLE | | 0 | 601,332 | 0 |
CONIFER HOLDINGS INC | COM | 20731J102 | 3,470 | 500,000 | SH | | SOLE | | 0 | 500,000 | 0 |
CORNING INC | COM | 219350105 | 7,005 | 342,057 | SH | | SOLE | | 0 | 338,643 | 3,414 |
CORRECTIONS CORP AMER NEW | COM | 22025Y407 | 19,077 | 544,755 | SH | | SOLE | | 0 | 544,755 | 0 |
CPI AEROSTRUCTURES INC | COM NEW | 125919308 | 3,075 | 500,000 | SH | | SOLE | | 0 | 500,000 | 0 |
CTS CORP | COM | 126501105 | 5,016 | 279,890 | SH | | SOLE | | 0 | 279,890 | 0 |
CUI GLOBAL INC | COM NEW | 126576206 | 9,341 | 1,849,723 | SH | | SOLE | | 0 | 1,713,723 | 136,000 |
CYBEROPTICS CORP | COM | 232517102 | 4,550 | 303,711 | SH | | SOLE | | 0 | 303,711 | 0 |
DEAN FOODS CO NEW | COM NEW | 242370203 | 3,128 | 172,901 | SH | | SOLE | | 0 | 170,227 | 2,674 |
DESTINATION MATERNITY CORP | COM | 25065D100 | 3,881 | 660,000 | SH | | SOLE | | 0 | 660,000 | 0 |
DIGIRAD CORP | COM | 253827109 | 5,150 | 1,000,000 | SH | | SOLE | | 0 | 1,000,000 | 0 |
DONEGAL GROUP INC | CL A | 257701201 | 4,947 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
DUN & BRADSTREET CORP DEL NE | COM | 26483E100 | 226 | 1,853 | SH | | SOLE | | 0 | 1,853 | 0 |
DYNAMIC MATLS CORP | COM | 267888105 | 10,800 | 1,004,619 | SH | | SOLE | | 0 | 1,004,619 | 0 |
EL PASO ELEC CO | COM NEW | 283677854 | 6,198 | 131,127 | SH | | SOLE | | 0 | 131,127 | 0 |
EMERSON ELECTRIC CO | COM | 291011104 | 8,162 | 156,476 | SH | | SOLE | | 0 | 154,297 | 2,179 |
ENCORE WIRE CORP | COM | 292562105 | 13,392 | 359,459 | SH | | SOLE | | 0 | 359,459 | 0 |
ENDO PHARMACEUTICALS HLDGS l | COM | G30401106 | 15,627 | 1,003,000 | SH | | SOLE | | 0 | 1,003,000 | 0 |
ENDURANCE SPECIALTY HLDGS LT | SHS | G30397106 | 9,649 | 143,679 | SH | | SOLE | | 0 | 142,308 | 1,371 |
ENSIGN GROUP INC | COM | 29358P101 | 8,404 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
ENTEGRIS INC | COM | 29362U104 | 6,250 | 431,933 | SH | | SOLE | | 0 | 431,933 | 0 |
EQUITY COMMONWEALTH | COM SH BEN INT | 294628102 | 20,930 | 718,497 | SH | | SOLE | | 0 | 715,458 | 3,039 |
ESCO TECHNOLOGIES INC | COM | 296315104 | 10,912 | 273,215 | SH | | SOLE | | 0 | 273,215 | 0 |
ESSENDANT INC. | COM | 296689102 | 4,440 | 145,294 | SH | | SOLE | | 0 | 143,974 | 1,320 |
EVERTEC INC. | COM | 30040P103 | 3,885 | 250,000 | SH | | SOLE | | 0 | 250,000 | 0 |
EXELON CORP | COM | 30161N101 | 10,371 | 285,224 | SH | | SOLE | | 0 | 282,375 | 2,849 |
EXXON MOBIL CORP | COM | 30231G102 | 18,387 | 196,153 | SH | | SOLE | | 0 | 194,170 | 1,983 |
FABRINET | SHS | G3323L100 | 5,548 | 149,456 | SH | | SOLE | | 0 | 146,925 | 2,531 |
FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 | 7,764 | 276,308 | SH | | SOLE | | 0 | 272,722 | 3,586 |
FIRSTENERGY CORP | COM | 337932107 | 403 | 11,545 | SH | | SOLE | | 0 | 11,545 | 0 |
FLAMEL TECHNOLOGIES SA ADR | SPONSORED ADR | 338488109 | 3,878 | 361,045 | SH | | SOLE | | 0 | 361,045 | 0 |
FLIR SYSTEMS INC | COM | 302445101 | 5,679 | 183,418 | SH | | SOLE | | 0 | 181,270 | 2,148 |
FLUOR CORPORATION NEW | COM | 343412102 | 9,313 | 188,980 | SH | | SOLE | | 0 | 186,769 | 2,211 |
FMC TECHNOLOGIES INC. | COM | 30249U101 | 261 | 9,789 | SH | | SOLE | | 0 | 9,789 | 0 |
FREDS INC | CL A | 356108100 | 39,068 | 2,425,064 | SH | | SOLE | | 0 | 2,383,800 | 41,264 |
GARMIN LTD. | SHS | H2906T109 | 202 | 4,771 | SH | | SOLE | | 0 | 4,771 | 0 |
GRANITE CONSTR INC | COM | 387328107 | 5,694 | 125,000 | SH | | SOLE | | 0 | 125,000 | 0 |
GULF ISLAND FABRICATION INC | COM | 402307102 | 5,179 | 746,194 | SH | | SOLE | | 0 | 746,194 | 0 |
HAEMONETICS CORP. | COM | 405024100 | 7,498 | 258,655 | SH | | SOLE | | 0 | 258,655 | 0 |
HARVARD BIOSCIENCE INC | COM | 416906105 | 6,292 | 2,200,000 | SH | | SOLE | | 0 | 2,200,000 | 0 |
HAYNES INTERNATIONAL INC | COM NEW | 420877201 | 9,131 | 284,630 | SH | | SOLE | | 0 | 284,630 | 0 |
HEIDRICK & STRUGGLES INTL IN | COM | 422819102 | 17,768 | 1,052,599 | SH | | SOLE | | 0 | 1,052,599 | 0 |
HERITAGE FINL CORP WASH | COM | 42722X106 | 8,403 | 478,000 | SH | | SOLE | | 0 | 478,000 | 0 |
HESS CORP | COM | 42809H107 | 12,871 | 214,157 | SH | | SOLE | | 0 | 211,713 | 2,444 |
HUDSON GLOBAL INC | COM | 443787106 | 7,895 | 4,007,565 | SH | | SOLE | | 0 | 3,790,914 | 216,651 |
HUDSON TECHNOLOGIES INC | COM | 444144109 | 9,000 | 2,500,000 | SH | | SOLE | | 0 | 2,500,000 | 0 |
HUNTINGTON BANCSHARES INC | COM | 446150104 | 168 | 18,791 | SH | | SOLE | | 0 | 18,791 | 0 |
HYDROGENICS CORP NEW | COM | 448883207 | 8,625 | 1,250,000 | SH | | SOLE | | 0 | 1,250,000 | 0 |
IAMGOLD CORP | COM | 450913108 | 11,834 | 2,857,938 | SH | | SOLE | | 0 | 2,634,270 | 223,668 |
IMMUCELL CORPORATION | COM PAR $0.10 | 452525306 | 1,414 | 204,972 | SH | | SOLE | | 0 | 204,972 | 0 |
INNOPHOS HOLDINGS INC. | COM | 45774N108 | 7,186 | 170,245 | SH | | SOLE | | 0 | 170,245 | 0 |
INTERDIGITAL INC | COM | 45867G101 | 7,614 | 136,747 | SH | | SOLE | | 0 | 136,747 | 0 |
INTERSIL CORP | COM | 46069S109 | 11,950 | 882,590 | SH | | SOLE | | 0 | 882,590 | 0 |
INTRICON CORP. | COM | 46121H109 | 2,136 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
INVACARE CORP | COM | 461203101 | 38,711 | 3,191,355 | SH | | SOLE | | 0 | 3,153,351 | 38,004 |
JAMBA INC | COM NEW | 47023A309 | 2,317 | 225,200 | SH | | SOLE | | 0 | 225,200 | 0 |
JASON INDS INC | COM | 471172106 | 4,339 | 1,201,900 | SH | | SOLE | | 0 | 1,201,900 | 0 |
JERNIGAN CAP INC | COM | 476405105 | 8,106 | 581,485 | SH | | SOLE | | 0 | 556,420 | 25,065 |
JOY GLOBAL INC | COM | 481165108 | 236 | 11,152 | SH | | SOLE | | 0 | 11,152 | 0 |
JUNIPER PHARMACEUTICALS INC | COM | 48203L107 | 2,012 | 286,971 | SH | | SOLE | | 0 | 286,971 | 0 |
KENNEDY-WILSON HOLDINGS INC | COM | 489398107 | 14,239 | 751,000 | SH | | SOLE | | 0 | 751,000 | 0 |
KID BRANDS INC | COM | 497266106 | 6,490 | 104,030 | SH | | SOLE | | 0 | 102,929 | 1,101 |
KOHS CORP | COM | 500255104 | 5,715 | 150,725 | SH | | SOLE | | 0 | 149,892 | 833 |
LAMAR ADVERTISING COMPANY NEW | CL A | 512816109 | 18,712 | 282,020 | SH | | SOLE | | 0 | 282,020 | 0 |
LANDEC CORP | COM | 514766104 | 10,656 | 990,300 | SH | | SOLE | | 0 | 932,700 | 57,600 |
LINCOLN EDL SVCS CORP | COM | 533535100 | 6,081 | 4,054,211 | SH | | SOLE | | 0 | 3,702,959 | 351,252 |
LYDALL INC DEL | COM | 550819106 | 15,424 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
M D C HLDGS INC | COM | 552676108 | 28,931 | 1,188,604 | SH | | SOLE | | 0 | 1,168,001 | 20,603 |
MAINSOURCE FINANCIAL GP INC | COM | 56062Y102 | 11,549 | 523,744 | SH | | SOLE | | 0 | 523,744 | 0 |
MANTECH INTL CORP | CL A | 564563104 | 26,783 | 708,170 | SH | | SOLE | | 0 | 708,170 | 0 |
MARTEN TRANS LTD | COM | 573075108 | 5,940 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
MATERION CORP | COM | 576690101 | 17,124 | 691,585 | SH | | SOLE | | 0 | 691,585 | 0 |
MDU RES GROUP INC | COM | 552690109 | 49,272 | 2,052,991 | SH | | SOLE | | 0 | 2,026,547 | 26,444 |
METHODE ELECTRONICS INC. | COM | 591520200 | 1,761 | 51,450 | SH | | SOLE | | 0 | 51,450 | 0 |
MGIC INVT CORP WIS | COM | 552848103 | 8,688 | 1,460,100 | SH | | SOLE | | 0 | 1,402,700 | 57,400 |
MGP INGREDIENTS INC NEW | COM | 55303J106 | 9,558 | 250,000 | SH | | SOLE | | 0 | 250,000 | 0 |
MURPHY USA INC | COM | 626755102 | 6,336 | 85,433 | SH | | SOLE | | 0 | 84,202 | 1,231 |
NCI INC | CL A | 62886K104 | 8,055 | 573,297 | SH | | SOLE | | 0 | 573,297 | 0 |
NEWPARK RES INC | COM PAR $.01NEW | 651718504 | 4,884 | 843,547 | SH | | SOLE | | 0 | 834,033 | 9,514 |
NORTHWEST PIPE CO | COM | 667746101 | 6,468 | 600,000 | SH | | SOLE | | 0 | 600,000 | 0 |
NOW INC. | COM | 67011P100 | 16,561 | 912,975 | SH | | SOLE | | 0 | 912,975 | 0 |
OIL DRI CORP AMER | COM | 677864100 | 5,303 | 153,570 | SH | | SOLE | | 0 | 141,069 | 12,501 |
OLD NATL BANCORP IND | COM | 680033107 | 14,981 | 1,195,625 | SH | | SOLE | | 0 | 1,195,625 | 0 |
OLIN CORP | COM PAR $1 | 680665205 | 445 | 17,917 | SH | | SOLE | | 0 | 17,917 | 0 |
ONEBEACON INSURANCE GROUP LT | CL A | G67742109 | 29,968 | 2,171,588 | SH | | SOLE | | 0 | 2,171,588 | 0 |
OSHKOSH CORP | COM | 688239201 | 11,712 | 245,491 | SH | | SOLE | | 0 | 243,419 | 2,072 |
OWENS & MINOR INC NEW | COM | 690732102 | 7,931 | 212,178 | SH | | SOLE | | 0 | 210,125 | 2,053 |
PACIFIC CONTINENTAL CORP | COM | 69412V108 | 11,545 | 734,893 | SH | | SOLE | | 0 | 734,893 | 0 |
PACWEST BANCORP | COM | 695263103 | 7,956 | 200,000 | SH | | SOLE | | 0 | 200,000 | 0 |
PARK ELECTROCHEMICAL CORP | COM | 700416209 | 28,696 | 1,974,952 | SH | | SOLE | | 0 | 1,974,952 | 0 |
PATTERSON UTI ENERGY INC | COM | 703481101 | 10,829 | 508,167 | SH | | SOLE | | 0 | 508,167 | 0 |
PC-TEL INC | COM | 69325Q105 | 1,808 | 383,903 | SH | | SOLE | | 0 | 383,903 | 0 |
PDI INC | COM | 46062X105 | 988 | 2,994,313 | SH | | SOLE | | 0 | 2,724,550 | 269,763 |
PEOPLES UTAH BANCORP | COM | 712706209 | 2,490 | 150,000 | SH | | SOLE | | 0 | 150,000 | 0 |
PERMA-FIX ENVIRONMENTAL SVCS | COM NEW | 714157203 | 8,060 | 1,583,512 | SH | | SOLE | | 0 | 1,424,405 | 159,107 |
PFIZER INC | COM | 717081103 | 6,515 | 185,022 | SH | | SOLE | | 0 | 181,606 | 3,416 |
PHOTRONICS INC | COM | 719405102 | 6,507 | 730,295 | SH | | SOLE | | 0 | 723,214 | 7,081 |
PIONEER PWR SOLUTIONS INC | COM NEW | 723836300 | 2,675 | 500,000 | SH | | SOLE | | 0 | 500,000 | 0 |
PIXELWORKS INC | COM NEW | 72581M305 | 3,283 | 1,784,200 | SH | | SOLE | | 0 | 1,784,200 | 0 |
PNC FINL SVCS GROUP INC | COM | 693475105 | 9,411 | 115,625 | SH | | SOLE | | 0 | 114,362 | 1,263 |
POPULAR INC | COM NEW | 733174700 | 269 | 9,168 | SH | | SOLE | | 0 | 9,168 | 0 |
PORTLAND GENERAL ELECTRIC COMPANY | COM NEW | 736508847 | 14,248 | 322,927 | SH | | SOLE | | 0 | 322,927 | 0 |
POTLATCH CORPORATION NEW | COM | 737630103 | 16,087 | 471,755 | SH | | SOLE | | 0 | 471,755 | 0 |
PRIMO WTR CORP | COM | 74165N105 | 2,953 | 250,000 | SH | | SOLE | | 0 | 250,000 | 0 |
PRINCIPAL FINL GROUP INC | COM | 74251V102 | 8,323 | 202,455 | SH | | SOLE | | 0 | 199,818 | 2,637 |
PULTE GROUP INC | COM | 745867101 | 6,272 | 321,802 | SH | | SOLE | | 0 | 319,645 | 2,157 |
QUEST DIAGNOSTICS INC | COM | 74834L100 | 17,830 | 219,011 | SH | | SOLE | | 0 | 216,738 | 2,273 |
RADISYS CORP | COM | 750459109 | 9,789 | 2,185,135 | SH | | SOLE | | 0 | 2,146,335 | 38,800 |
RCM TECHNOLOGIES INC | COM NEW | 749360400 | 5,731 | 1,100,000 | SH | | SOLE | | 0 | 1,100,000 | 0 |
REGIS CORP MINN | COM | 758932107 | 38,163 | 3,065,341 | SH | | SOLE | | 0 | 3,065,341 | 0 |
REINSURANCE GROUP AMER INC | COM NEW | 759351604 | 235 | 2,422 | SH | | SOLE | | 0 | 2,422 | 0 |
RESOURCES CONNECTION INC | COM | 76122Q105 | 14,630 | 989,868 | SH | | SOLE | | 0 | 989,868 | 0 |
RETAILMENOT | COM SER 1 | 76132B106 | 10,653 | 1,381,750 | SH | | SOLE | | 0 | 1,312,550 | 69,200 |
ROVI CORP | COM | 779376102 | 15,640 | 1,000,000 | SH | | SOLE | | 0 | 1,000,000 | 0 |
RPC INC | COM | 749660106 | 7,893 | 508,212 | SH | | SOLE | | 0 | 508,212 | 0 |
SAFEGUARD SCIENTIFICS INC | COM NEW | 786449207 | 4,996 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
SCHNITZER STL INDS | CL A | 806882106 | 7,040 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
SCORPIO TANKERS INC | SHS | Y7542C106 | 5,101 | 1,214,563 | SH | | SOLE | | 0 | 1,199,330 | 15,233 |
SHARPS COMPLIANCE CORP | COM | 820017101 | 1,495 | 340,510 | SH | | SOLE | | 0 | 340,510 | 0 |
SONIC AUTOMOTIVE INC | CL A | 83545G102 | 15,551 | 908,866 | SH | | SOLE | | 0 | 872,315 | 36,551 |
SOUTH JERSEY IND INC | COM | 838518108 | 6,324 | 200,000 | SH | | SOLE | | 0 | 200,000 | 0 |
SPARTAN MTRS INC | COM | 846819100 | 4,695 | 750,000 | SH | | SOLE | | 0 | 750,000 | 0 |
STAPLES INC | COM | 855030102 | 110 | 12,733 | SH | | SOLE | | 0 | 12,733 | 0 |
STARTEK INC | COM | 85569C107 | 6,118 | 1,400,000 | SH | | SOLE | | 0 | 1,400,000 | 0 |
STATE AUTO FINL CORP | COM | 855707105 | 6,573 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
STONERIDGE INC | COM | 86183P102 | 10,096 | 675,800 | SH | | SOLE | | 0 | 633,525 | 42,275 |
SUNTRUST BKS INC | COM | 867914103 | 204 | 4,969 | SH | | SOLE | | 0 | 4,969 | 0 |
SUPERCOM LTD NEW | SHS NEW | M87095119 | 5,493 | 1,445,520 | SH | | SOLE | | 0 | 1,401,020 | 44,500 |
SUPREME INDS INC | CL A | 868607102 | 4,110 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
TCF FINL CORP | COM | 872275102 | 15,180 | 1,200,000 | SH | | SOLE | | 0 | 1,200,000 | 0 |
TECHTARGET INC | COM | 87874R100 | 3,240 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
THE BANCORP INC | COM | 05969A105 | 4,515 | 750,000 | SH | | SOLE | | 0 | 750,000 | 0 |
THERAPEUTICSMD | COM | 88338N107 | 5,100 | 600,000 | SH | | SOLE | | 0 | 600,000 | 0 |
TIVO INC. | COM | 888706108 | 10,395 | 1,049,950 | SH | | SOLE | | 0 | 996,500 | 53,450 |
TRANSCAT INC | COM | 893529107 | 6,030 | 600,000 | SH | | SOLE | | 0 | 600,000 | 0 |
TRC COS INC | COM | 872625108 | 2,528 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
TRICO BANCSHARES | COM | 896095106 | 10,414 | 377,320 | SH | | SOLE | | 0 | 377,320 | 0 |
TRINITY BIOTECH PLC | SPON ADR NEW | 896438306 | 14,216 | 1,253,600 | SH | | SOLE | | 0 | 1,213,300 | 40,300 |
TRIPLE-S MGMT CORP | CL B | 896749108 | 9,088 | 371,994 | SH | | SOLE | | 0 | 365,518 | 6,476 |
TRISTATE CAP HLDGS INC | COM | 89678F100 | 16,514 | 1,202,781 | SH | | SOLE | | 0 | 1,155,463 | 47,318 |
UNION BANKSHARES CORP NEW | COM | 90539J109 | 19,859 | 803,678 | SH | | SOLE | | 0 | 803,678 | 0 |
UNIVERSAL FST PRODS INC | COM | 913543104 | 7,863 | 84,834 | SH | | SOLE | | 0 | 83,539 | 1,295 |
UNIVERSAL TECHNICAL INST INC | COM | 913915104 | 3,390 | 1,500,000 | SH | | SOLE | | 0 | 1,500,000 | 0 |
WAL MART STORES INC | COM | 931142103 | 15,513 | 212,455 | SH | | SOLE | | 0 | 210,213 | 2,242 |
WASHINGTON FED INC | COM | 938824109 | 9,013 | 371,497 | SH | | SOLE | | 0 | 368,441 | 3,056 |
WCI CMNTYS INC | COM PAR $0.01 | 92923C807 | 14,523 | 859,355 | SH | | SOLE | | 0 | 827,955 | 31,400 |
WERNER ENTERPRISES, INC. | COM | 950755108 | 10,380 | 451,885 | SH | | SOLE | | 0 | 451,885 | 0 |
WESTERN UN CO | COM | 959802109 | 260 | 13,577 | SH | | SOLE | | 0 | 13,577 | 0 |
WILLBROS GROUP INC DEL | COM | 969203108 | 11,819 | 4,671,384 | SH | | SOLE | | 0 | 4,439,682 | 231,702 |
WORLD FUEL SVCS CORP | COM | 981475106 | 868 | 18,278 | SH | | SOLE | | 0 | 17,614 | 664 |
WPX ENERGY INC | COM | 98212B103 | 21,293 | 2,287,097 | SH | | SOLE | | 0 | 2,287,097 | 0 |