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 |
A. H. BELO CORP. (SERIES A) | COM CL A | 001282102 | 735 | 100,000 | SH | | SOLE | | 0 | 100,000 | 0 |
ACACIA RESH CORP | ACACIA TCH COM | 003881307 | 37,186 | 5,703,436 | SH | | SOLE | | 0 | 5,527,106 | 176,330 |
ACCURAY INC | COM | 004397105 | 23,394 | 3,672,510 | SH | | SOLE | | 0 | 3,513,965 | 158,545 |
ADTRAN INC | COM | 00738A106 | 6,362 | 332,367 | SH | | SOLE | | 0 | 326,560 | 5,807 |
AES CORPORATION | COM | 00130H105 | 5,783 | 450,000 | SH | | SOLE | | 0 | 450,000 | 0 |
ALCOA INC | COM | 013817507 | 252 | 24,870 | SH | | SOLE | | 0 | 24,870 | 0 |
AMERICAN EAGLE OUTFITTERS NE | COM | 02553E106 | 4,465 | 250,025 | SH | | SOLE | | 0 | 246,873 | 3,152 |
AMERICAN EXPRESS CO | COM | 025816109 | 8,463 | 132,150 | SH | | SOLE | | 0 | 130,638 | 1,512 |
AMERICAN VANGUARD CORP | COM | 030371108 | 10,974 | 683,310 | SH | | SOLE | | 0 | 683,310 | 0 |
ARGAN INC | COM | 04010E109 | 17,757 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
ASPEN AEROGELS INC. | COM | 04523Y105 | 4,351 | 730,000 | SH | | SOLE | | 0 | 730,000 | 0 |
ASSOCIATED BANC CORP | COM | 045487105 | 13,153 | 671,405 | SH | | SOLE | | 0 | 671,405 | 0 |
ASSURANT INC | COM | 04621X108 | 260 | 2,815 | SH | | SOLE | | 0 | 2,815 | 0 |
AT&T INC | COM | 00206R102 | 11,003 | 270,939 | SH | | SOLE | | 0 | 267,144 | 3,795 |
ATLAS AIR WORLDWIDE HOLDINGS, INC. | COM NEW | 049164205 | 7,364 | 171,985 | SH | | SOLE | | 0 | 171,985 | 0 |
AV HOMES INC | COM | 00234P102 | 14,454 | 868,600 | SH | | SOLE | | 0 | 841,900 | 26,700 |
AVNET INC | COM | 053807103 | 236 | 5,744 | SH | | SOLE | | 0 | 5,744 | 0 |
AVX CORP NEW | COM | 002444107 | 143 | 10,396 | SH | | SOLE | | 0 | 10,396 | 0 |
BABCOCK & WILCOX ENTERPRISES INC. | COM | 05614L100 | 1,650 | 100,000 | SH | | SOLE | | 0 | 100,000 | 0 |
BAKER HUGHES INC | COM | 057224107 | 14,192 | 281,205 | SH | | SOLE | | 0 | 278,305 | 2,900 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 9,065 | 227,310 | SH | | SOLE | | 0 | 224,770 | 2,540 |
BARRETT BUSINESS SERVICES IN | COM | 68463108 | 28,062 | 565,370 | SH | | SOLE | | 0 | 549,510 | 15,860 |
BB&T CORP | COM | 054937107 | 10,792 | 286,105 | SH | | SOLE | | 0 | 282,828 | 3,277 |
BENCHMARK ELECTRS INC | COM | 08160H101 | 3,833 | 153,610 | SH | | SOLE | | 0 | 153,610 | 0 |
BOISE CASCADE CO DEL | COM | 09739D100 | 8,229 | 323,995 | SH | | SOLE | | 0 | 319,415 | 4,580 |
BOSTON PRIVATE FINL HLDGS IN | COM | 101119105 | 13,315 | 1,037,803 | SH | | SOLE | | 0 | 1,033,645 | 4,158 |
BRAVO BRIO RESTAURANT GROUP | COM | 10567B109 | 4,239 | 886,854 | SH | | SOLE | | 0 | 822,979 | 63,875 |
BROCADE COMMUNICATIONS SYS I | COM NEW | 111621306 | 149 | 16,173 | SH | | SOLE | | 0 | 16,173 | 0 |
CA INC | COM | 12673P105 | 14,149 | 427,927 | SH | | SOLE | | 0 | 423,820 | 4,107 |
CALLAWAY GOLF CO | COM | 131193104 | 9,704 | 835,815 | SH | | SOLE | | 0 | 835,815 | 0 |
CAPITAL BK FINL CORP | CL A COM | 139794101 | 16,330 | 508,555 | SH | | SOLE | | 0 | 508,555 | 0 |
CAPITAL CITY BK GROUP INC | COM | 139674105 | 10,922 | 739,451 | SH | | SOLE | | 0 | 709,340 | 30,111 |
CAPITAL ONE FINL CORP | COM | 14040H105 | 3,750 | 52,212 | SH | | SOLE | | 0 | 50,993 | 1,219 |
CARBO CERAMICS INC | COM | 140781105 | 10,379 | 948,749 | SH | | SOLE | | 0 | 948,749 | 0 |
CARETRUST REIT INC | COM | 14174T107 | 32,644 | 2,208,677 | SH | | SOLE | | 0 | 2,157,527 | 51,150 |
CENTERSTATE BANKS INC | COM | 15201P109 | 16,370 | 923,269 | SH | | SOLE | | 0 | 923,269 | 0 |
CHRISTOPHER & BANKS CORP. | COM | 171046105 | 2,175 | 1,500,000 | SH | | SOLE | | 0 | 1,500,000 | 0 |
CIBER INC | COM | 17163B102 | 2,215 | 1,925,900 | SH | | SOLE | | 0 | 1,925,900 | 0 |
CISCO SYS INC | COM | 17275R102 | 11,790 | 371,743 | SH | | SOLE | | 0 | 367,275 | 4,468 |
CNA FINANCIAL CORPORATION | COM | 126117100 | 216 | 6,264 | SH | | SOLE | | 0 | 6,264 | 0 |
COMPUTER TASK GROUP INC | COM | 205477102 | 1,880 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
CONIFER HOLDINGS INC | COM | 20731J102 | 2,083 | 250,000 | SH | | SOLE | | 0 | 250,000 | 0 |
CORNING INC | COM | 219350105 | 8,052 | 340,468 | SH | | SOLE | | 0 | 337,160 | 3,308 |
CPI AEROSTRUCTURES INC | COM NEW | 125919308 | 3,430 | 500,000 | SH | | SOLE | | 0 | 500,000 | 0 |
CTS CORP | COM | 126501105 | 4,946 | 265,919 | SH | | SOLE | | 0 | 265,919 | 0 |
CUI GLOBAL INC | COM NEW | 126576206 | 12,855 | 2,204,923 | SH | | SOLE | | 0 | 2,048,623 | 156,300 |
CYBEROPTICS CORP | COM | 232517102 | 6,145 | 250,000 | SH | | SOLE | | 0 | 250,000 | 0 |
DESTINATION MATERNITY CORP | COM | 25065D100 | 4,702 | 663,232 | SH | | SOLE | | 0 | 663,232 | 0 |
DIGIRAD CORP | COM | 253827109 | 4,590 | 900,000 | SH | | SOLE | | 0 | 900,000 | 0 |
DONEGAL GROUP INC | CL A | 257701201 | 4,833 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
DUN & BRADSTREET CORP DEL NE | COM | 26483E100 | 249 | 1,822 | SH | | SOLE | | 0 | 1,822 | 0 |
DYNAMIC MATLS CORP | COM | 267888105 | 12,182 | 1,142,808 | SH | | SOLE | | 0 | 1,142,808 | 0 |
EMERSON ELECTRIC CO | COM | 291011104 | 13,385 | 245,545 | SH | | SOLE | | 0 | 243,005 | 2,540 |
ENCORE WIRE CORP | COM | 292562105 | 13,217 | 359,459 | SH | | SOLE | | 0 | 359,459 | 0 |
ENDO PHARMACEUTICALS HLDGS l | COM | G30401106 | 18,195 | 903,000 | SH | | SOLE | | 0 | 903,000 | 0 |
ENDURANCE SPECIALTY HLDGS LT | SHS | G30397106 | 9,975 | 152,406 | SH | | SOLE | | 0 | 150,738 | 1,668 |
ENSIGN GROUP INC | COM | 29358P101 | 8,052 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
ENTEGRIS INC | COM | 29362U104 | 10,301 | 591,325 | SH | | SOLE | | 0 | 591,325 | 0 |
EQUITY COMMONWEALTH | COM SH BEN INT | 294628102 | 20,108 | 665,402 | SH | | SOLE | | 0 | 662,435 | 2,967 |
ESCO TECHNOLOGIES INC | COM | 296315104 | 6,287 | 135,444 | SH | | SOLE | | 0 | 135,444 | 0 |
EVERTEC INC. | COM | 30040P103 | 5,034 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
EXELON CORP | COM | 30161N101 | 9,458 | 284,114 | SH | | SOLE | | 0 | 281,352 | 2,762 |
EXXON MOBIL CORP | COM | 30231G102 | 16,049 | 183,876 | SH | | SOLE | | 0 | 181,955 | 1,921 |
FIRST CASH INC. | COM | 33767D105 | 3,190 | 67,767 | SH | | SOLE | | 0 | 67,766 | 0 |
FIRST INTST BANCSYSTEM INC | COM CL A | 32055Y201 | 7,931 | 251,695 | SH | | SOLE | | 0 | 248,219 | 3,476 |
FIRSTENERGY CORP | COM | 337932107 | 290 | 8,761 | SH | | SOLE | | 0 | 8,761 | 0 |
FLAMEL TECHNOLOGIES SA ADR | SPONSORED ADR | 338488109 | 4,960 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
FLIR SYSTEMS INC | COM | 302445101 | 4,112 | 130,883 | SH | | SOLE | | 0 | 128,801 | 2,082 |
FLUOR CORPORATION NEW | COM | 343412102 | 11,669 | 227,371 | SH | | SOLE | | 0 | 224,755 | 2,616 |
FMC TECHNOLOGIES INC. | COM | 30249U101 | 288 | 9,706 | SH | | SOLE | | 0 | 9,706 | 0 |
FREDS INC | CL A | 356108100 | 14,232 | 1,570,881 | SH | | SOLE | | 0 | 1,529,306 | 41,575 |
GAMESTOP CORP. NEW | COM CL A | 36467W109 | 2,759 | 100,000 | SH | | SOLE | | 0 | 100,000 | 0 |
GREIF INC | CL A | 397624107 | 3,192 | 64,365 | SH | | SOLE | | 0 | 64,365 | 0 |
GULF ISLAND FABRICATION INC | COM | 402307102 | 6,440 | 700,000 | SH | | SOLE | | 0 | 700,000 | 0 |
HAEMONETICS CORP. | COM | 405024100 | 14,627 | 403,940 | SH | | SOLE | | 0 | 403,940 | 0 |
HAIN CELESTRIAL GROUP INC. | COM | 405217100 | 8,092 | 227,355 | SH | | SOLE | | 0 | 227,355 | 0 |
HARLEY DAVIDSON INC. | COM | 412822108 | 323 | 6,143 | SH | | SOLE | | 0 | 6,143 | 0 |
HARVARD BIOSCIENCE INC | COM | 416906105 | 6,256 | 2,300,000 | SH | | SOLE | | 0 | 2,300,000 | 0 |
HAYNES INTERNATIONAL INC | COM NEW | 420877201 | 7,594 | 204,645 | SH | | SOLE | | 0 | 204,645 | 0 |
HEIDRICK & STRUGGLES INTL IN | COM | 422819102 | 14,979 | 807,504 | SH | | SOLE | | 0 | 807,504 | 0 |
HERITAGE FINL CORP WASH | COM | 42722X106 | 8,580 | 478,000 | SH | | SOLE | | 0 | 478,000 | 0 |
HESS CORP | COM | 42809H107 | 11,398 | 212,569 | SH | | SOLE | | 0 | 210,199 | 2,370 |
HUDSON GLOBAL INC | COM | 443787106 | 6,134 | 3,983,431 | SH | | SOLE | | 0 | 3,755,330 | 228,101 |
HUDSON TECHNOLOGIES INC | COM | 444144109 | 14,963 | 2,250,000 | SH | | SOLE | | 0 | 2,250,000 | 0 |
HYDROGENICS CORP NEW | COM | 448883207 | 8,200 | 1,250,000 | SH | | SOLE | | 0 | 1,250,000 | 0 |
IAMGOLD CORP | COM | 450913108 | 11,176 | 2,764,550 | SH | | SOLE | | 0 | 2,577,650 | 186,900 |
IMMUCELL CORPORATION | COM PAR $0.10 | 452525306 | 1,739 | 225,000 | SH | | SOLE | | 0 | 225,000 | 0 |
INNOPHOS HOLDINGS INC. | COM | 45774N108 | 13,280 | 340,240 | SH | | SOLE | | 0 | 340,240 | 0 |
INTEGRATED DEVICE TECHNOLOGY | COM | 458118106 | 3,881 | 167,960 | SH | | SOLE | | 0 | 167,960 | 0 |
INTERDIGITAL INC | COM | 45867G101 | 6,870 | 86,747 | SH | | SOLE | | 0 | 86,747 | 0 |
INTRICON CORP. | COM | 46121H109 | 2,346 | 405,591 | SH | | SOLE | | 0 | 405,591 | 0 |
INVACARE CORP | COM | 461203101 | 26,315 | 2,355,890 | SH | | SOLE | | 0 | 2,316,717 | 39,173 |
JANUS CAP GROUP INC | COM | 47102X105 | 9,034 | 644,790 | SH | | SOLE | | 0 | 644,790 | 0 |
JASON INDS INC | COM | 471172106 | 2,723 | 1,226,400 | SH | | SOLE | | 0 | 1,226,400 | 0 |
JERNIGAN CAP INC | COM | 476405105 | 10,921 | 569,705 | SH | | SOLE | | 0 | 544,640 | 25,065 |
JUNIPER PHARMACEUTICALS INC | COM | 48203L107 | 2,220 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
KENNEDY-WILSON HOLDINGS INC | COM | 489398107 | 20,340 | 902,000 | SH | | SOLE | | 0 | 891,700 | 10,300 |
KENNEMETAL INC. | COM | 489170100 | 9,085 | 313,056 | SH | | SOLE | | 0 | 309,015 | 4,041 |
KID BRANDS INC | COM | 497266106 | 9,179 | 147,672 | SH | | SOLE | | 0 | 145,995 | 1,677 |
KOHS CORP | COM | 500255104 | 2,729 | 62,380 | SH | | SOLE | | 0 | 61,571 | 809 |
LAMAR ADVERTISING COMPANY NEW | CL A | 512816109 | 16,786 | 257,020 | SH | | SOLE | | 0 | 257,020 | 0 |
LANDEC CORP | COM | 514766104 | 12,931 | 964,250 | SH | | SOLE | | 0 | 906,650 | 57,600 |
LINCOLN EDL SVCS CORP | COM | 533535100 | 9,646 | 4,384,622 | SH | | SOLE | | 0 | 3,961,911 | 422,711 |
LINCOLN ELECTRIC HOLDINGS | COM | 533900106 | 256 | 4,086 | SH | | SOLE | | 0 | 4,086 | 0 |
LINDSAY CORPORATION | COM | 535555106 | 5,095 | 68,865 | SH | | SOLE | | 0 | 68,865 | 0 |
LYDALL INC DEL | COM | 550819106 | 2,557 | 50,000 | SH | | SOLE | | 0 | 50,000 | 0 |
M D C HLDGS INC | COM | 552676108 | 25,108 | 973,160 | SH | | SOLE | | 0 | 952,556 | 20,604 |
MAINSOURCE FINANCIAL GP INC | COM | 56062Y102 | 13,067 | 523,744 | SH | | SOLE | | 0 | 523,744 | 0 |
MANTECH INTL CORP | CL A | 564563104 | 17,537 | 465,291 | SH | | SOLE | | 0 | 465,291 | 0 |
MARTEN TRANS LTD | COM | 573075108 | 6,300 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
MATERION CORP | COM | 576690101 | 9,841 | 320,435 | SH | | SOLE | | 0 | 320,435 | 0 |
MDU RES GROUP INC | COM | 552690109 | 50,671 | 1,991,771 | SH | | SOLE | | 0 | 1,965,474 | 26,297 |
METHODE ELECTRS INC. | COM | 591520200 | 454 | 12,980 | SH | | SOLE | | 0 | 12,980 | 0 |
MGIC INVT CORP WIS | COM | 552848103 | 12,666 | 1,583,250 | SH | | SOLE | | 0 | 1,515,150 | 68,100 |
MGP INGREDIENTS INC NEW | COM | 55303J106 | 10,130 | 250,000 | SH | | SOLE | | 0 | 250,000 | 0 |
NATIONAL OILWELL VARCO INC. | COM | 637071101 | 230 | 6,269 | SH | | SOLE | | 0 | 6,269 | 0 |
NCI INC | CL A | 62886K104 | 6,633 | 573,297 | SH | | SOLE | | 0 | 573,297 | 0 |
NEWPARK RES INC | COM PAR $.01NEW | 651718504 | 7,356 | 999,426 | SH | | SOLE | | 0 | 988,731 | 10,695 |
NORTHWEST PIPE CO | COM | 667746101 | 5,905 | 500,000 | SH | | SOLE | | 0 | 500,000 | 0 |
NOW INC. | COM | 67011P100 | 16,351 | 762,975 | SH | | SOLE | | 0 | 762,975 | 0 |
OIL DRI CORP AMER | COM | 677864100 | 3,764 | 100,000 | SH | | SOLE | | 0 | 100,000 | 0 |
OLD NATL BANCORP IND | COM | 680033107 | 8,374 | 595,625 | SH | | SOLE | | 0 | 595,625 | 0 |
OLIN CORP | COM PAR $1 | 680665205 | 375 | 18,289 | SH | | SOLE | | 0 | 18,289 | 0 |
ONEBEACON INSURANCE GROUP LT | CL A | G67742109 | 19,599 | 1,372,488 | SH | | SOLE | | 0 | 1,372,488 | 0 |
ORACLE CORPORATION | COM | 68389X105 | 7,134 | 181,625 | SH | | SOLE | | 0 | 179,843 | 1,782 |
OSHKOSH CORP | COM | 688239201 | 11,437 | 204,228 | SH | | SOLE | | 0 | 202,219 | 2,009 |
OWENS & MINOR INC NEW | COM | 690732102 | 4,851 | 139,678 | SH | | SOLE | | 0 | 137,686 | 1,992 |
PACCAR INC. | COM | 693718108 | 215 | 3,660 | SH | | SOLE | | 0 | 3,660 | 0 |
PACIFIC CONTINENTAL CORP | COM | 69412V108 | 12,361 | 734,893 | SH | | SOLE | | 0 | 734,893 | 0 |
PACWEST BANCORP. DEL | COM | 695263103 | 8,582 | 200,000 | SH | | SOLE | | 0 | 200,000 | 0 |
PARK ELECTROCHEMICAL CORP | COM | 700416209 | 32,940 | 1,896,354 | SH | | SOLE | | 0 | 1,896,354 | 0 |
PARKER HANNIFIN CORPORATION | COM | 701094104 | 252 | 2,011 | SH | | SOLE | | 0 | 2,011 | 0 |
PATTERSON UTI ENERGY INC | COM | 703481101 | 9,199 | 411,238 | SH | | SOLE | | 0 | 411,238 | 0 |
PC-TEL INC | COM | 69325Q105 | 2,031 | 383,903 | SH | | SOLE | | 0 | 383,903 | 0 |
PDI INC | COM | 46062X105 | 478 | 2,989,405 | SH | | SOLE | | 0 | 2,719,642 | 269,763 |
PEOPLES UTAH BANCORP | COM | 712706209 | 3,053 | 150,000 | SH | | SOLE | | 0 | 150,000 | 0 |
PERMA-FIX ENVIRONMENTAL SVCS | COM NEW | 714157203 | 7,878 | 1,573,332 | SH | | SOLE | | 0 | 1,414,225 | 159,107 |
PFIZER INC | COM | 717081103 | 6,963 | 205,593 | SH | | SOLE | | 0 | 202,282 | 3,311 |
PHOTRONICS INC | COM | 719405102 | 7,443 | 721,937 | SH | | SOLE | | 0 | 715,077 | 6,860 |
PIONEER PWR SOLUTIONS INC | COM NEW | 723836300 | 2,886 | 500,000 | SH | | SOLE | | 0 | 500,000 | 0 |
PIXELWORKS INC | COM NEW | 72581M305 | 6,278 | 2,250,000 | SH | | SOLE | | 0 | 2,250,000 | 0 |
PNC FINL SVCS GROUP INC | COM | 693475105 | 12,116 | 134,486 | SH | | SOLE | | 0 | 132,930 | 1,556 |
POPULAR INC | COM NEW | 733174700 | 309 | 8,087 | SH | | SOLE | | 0 | 8,087 | 0 |
PORTLAND GENERAL ELECTRIC COMPANY | COM NEW | 736508847 | 12,689 | 297,927 | SH | | SOLE | | 0 | 297,927 | 0 |
POTLATCH CORPORATIO NEW | COM | 737630103 | 13,116 | 337,260 | SH | | SOLE | | 0 | 337,260 | 0 |
PRINCIPAL FINL GROUP INC | COM | 74251V102 | 10,257 | 199,126 | SH | | SOLE | | 0 | 196,570 | 2,556 |
PROGRESS SOFTWARE CORP | COM | 743312100 | 2,720 | 100,000 | SH | | SOLE | | 0 | 100,000 | 0 |
PULTE GROUP INC | COM | 745867101 | 6,540 | 326,342 | SH | | SOLE | | 0 | 324,029 | 2,313 |
QUEST DIAGNOSTICS INC | COM | 74834L100 | 15,477 | 182,878 | SH | | SOLE | | 0 | 180,679 | 2,199 |
RADISYS CORP | COM | 750459109 | 12,475 | 2,334,000 | SH | | SOLE | | 0 | 2,255,800 | 78,200 |
RCM TECHNOLOGIES INC | COM NEW | 749360400 | 7,292 | 1,100,000 | SH | | SOLE | | 0 | 1,100,000 | 0 |
REGIS CORP MINN | COM | 758932107 | 23,571 | 1,878,130 | SH | | SOLE | | 0 | 1,878,130 | 0 |
REINSURANCE GROUP AMER INC | COM NEW | 759351604 | 210 | 1,945 | SH | | SOLE | | 0 | 1,945 | 0 |
RESOURCES CONNECTION INC | COM | 76122Q105 | 9,572 | 640,683 | SH | | SOLE | | 0 | 640,683 | 0 |
RETAILMENOT | COM SER 1 | 76132B106 | 10,879 | 1,100,000 | SH | | SOLE | | 0 | 1,100,000 | 0 |
RING ENERGY INC. | COM | 76680V108 | 1,683 | 153,700 | SH | | SOLE | | 0 | 153,700 | 0 |
RPC INC | COM | 749660106 | 11,094 | 660,371 | SH | | SOLE | | 0 | 660,371 | 0 |
SAFEGUARD SCIENTIFICS INC | COM NEW | 786449207 | 5,184 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
SCHNITZER STL INDS | CL A | 806882106 | 8,360 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
SHARPS COMPLIANCE CORP | COM | 820017101 | 2,465 | 562,800 | SH | | SOLE | | 0 | 562,800 | 0 |
SONIC AUTOMOTIVE INC | CL A | 83545G102 | 9,102 | 484,126 | SH | | SOLE | | 0 | 431,775 | 52,351 |
SOUTH JERSEY IND INC | COM | 838518108 | 4,433 | 150,000 | SH | | SOLE | | 0 | 150,000 | 0 |
SPARTAN MTRS INC | COM | 846819100 | 5,748 | 600,000 | SH | | SOLE | | 0 | 600,000 | 0 |
STAPLES INC | COM | 855030102 | 209 | 24,438 | SH | | SOLE | | 0 | 24,438 | 0 |
STARTEK INC | COM | 85569C107 | 8,972 | 1,442,400 | SH | | SOLE | | 0 | 1,442,400 | 0 |
STATE AUTO FINL CORP | COM | 855707105 | 7,143 | 300,000 | SH | | SOLE | | 0 | 300,000 | 0 |
STONERIDGE INC | COM | 86183P102 | 10,805 | 587,225 | SH | | SOLE | | 0 | 566,550 | 20,675 |
SUNOPTA INC. | COM | 8676EP108 | 2,824 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
SUNTRUST BKS INC | COM | 867914103 | 216 | 4,927 | SH | | SOLE | | 0 | 4,927 | 0 |
SUPERCOM LTD NEW | SHS NEW | M87095119 | 5,041 | 1,469,690 | SH | | SOLE | | 0 | 1,425,190 | 44,500 |
SYNERGY RESOURCES CORPORATION | COM | 87164P103 | 9,856 | 1,422,200 | SH | | SOLE | | 0 | 1,349,300 | 72,900 |
TCF FINL CORP | COM | 872275102 | 12,334 | 850,000 | SH | | SOLE | | 0 | 850,000 | 0 |
TECHTARGET INC | COM | 87874R100 | 3,224 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
TEXTRON INC | COM | 883203101 | 211 | 5,305 | SH | | SOLE | | 0 | 5,305 | 0 |
THE BANCORP INC | COM | 05969A105 | 4,847 | 755,000 | SH | | SOLE | | 0 | 755,000 | 0 |
THERAPEUTICSMD | COM | 88338N107 | 4,086 | 600,000 | SH | | SOLE | | 0 | 600,000 | 0 |
TITAN INTERNATIONAL INC. | COM | 88830M102 | 3,542 | 350,000 | SH | | SOLE | | 0 | 350,000 | 0 |
TIVO INC. | COM | 88870P106 | 28,771 | 1,476,932 | SH | | SOLE | | 0 | 1,455,685 | 21,247 |
TRANSCAT INC | COM | 893529107 | 6,562 | 600,000 | SH | | SOLE | | 0 | 600,000 | 0 |
TRC COS INC | COM | 872625108 | 3,468 | 400,000 | SH | | SOLE | | 0 | 400,000 | 0 |
TRICO BANCSHARES | COM | 896095106 | 10,101 | 377,320 | SH | | SOLE | | 0 | 377,320 | 0 |
TRIMAS CORPORATION | COM NEW | 896215209 | 6,329 | 340,070 | SH | | SOLE | | 0 | 340,070 | 0 |
TRINITY BIOTECH PLC | SPON ADR NEW | 896438306 | 16,782 | 1,269,435 | SH | | SOLE | | 0 | 1,224,535 | 44,900 |
TRIPLE-S MGMT CORP | CL B | 896749108 | 8,534 | 389,151 | SH | | SOLE | | 0 | 382,880 | 6,271 |
TRISTATE CAP HLDGS INC | COM | 89678F100 | 18,968 | 1,174,512 | SH | | SOLE | | 0 | 1,132,194 | 42,318 |
UMPQUA HLDGS CORP | COM | 904214103 | 5,268 | 350,000 | SH | | SOLE | | 0 | 350,000 | 0 |
UNION BANKSHARES CORP NEW | COM | 90539J109 | 642 | 23,973 | SH | | SOLE | | 0 | 23,973 | 0 |
UNIVERSAL TECHNICAL INST INC | COM | 913915104 | 2,392 | 1,343,620 | SH | | SOLE | | 0 | 1,343,620 | 0 |
WAL MART STORES INC | COM | 931142103 | 15,145 | 210,000 | SH | | SOLE | | 0 | 207,827 | 2,173 |
WASHINGTON FED INC | COM | 938824109 | 5,267 | 197,399 | SH | | SOLE | | 0 | 194,440 | 2,959 |
WCI CMNTYS INC | COM PAR $0.01 | 92923C807 | 23,720 | 1,000,000 | SH | | SOLE | | 0 | 1,000,000 | 0 |
WELLS FARGO & CO NEW | COM | 949746101 | 7,755 | 175,135 | SH | | SOLE | | 0 | 173,161 | 1,974 |
WERNER ENTERPRISES INC. | COM | 950755108 | 13,839 | 594,735 | SH | | SOLE | | 0 | 594,735 | 0 |
WESTERN UN CO | COM | 959802109 | 280 | 13,461 | SH | | SOLE | | 0 | 13,461 | 0 |
WILLBROS GROUP INC DEL | COM | 969203108 | 8,812 | 4,687,300 | SH | | SOLE | | 0 | 4,455,598 | 231,702 |
WORLD FUEL SVCS CORP | COM | 981475106 | 692 | 14,953 | SH | | SOLE | | 0 | 14,309 | 644 |
WPX ENERGY INC | COM | 98212B103 | 18,626 | 1,412,097 | SH | | SOLE | | 0 | 1,412,097 | 0 |
ZIONS BANCORPORATION | COM | 989701107 | 17,268 | 556,678 | SH | | SOLE | | 0 | 554,903 | 1,775 |