UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FROM 13F-HR
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2013
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing the Report:
Name: RUTABAGA CAPITAL MANAGEMENT LLC/MA
Address: 64 Broad Street
Boston, MA 02109
13F File Number: 028-06017
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 the Report on Behalf of Reporting Manager:
Name: Peter Schliemann
Title: President
Phone: 617-204-1160
Signature, Place, and Date of Signing:
Peter Schliemann Boston, MA May 14, 2013
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 75
Form 13F Information Table Value Total: $ 811,863,000
List of Other Included Managers: None
FORM 13F INFORMATION TABLE
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column8
VALUE SHARES/ SH/PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASCUSIP (x$1000) PRN AMT PRNCALL DISCRETION MANAGERS SOLE SHARED NONE
ACCO BRANDS CORP Common 00081T108 22,469 3,363,590 sh sole 2,818,973
ACCURIDE CORP Common 00439t206 12,290 2,280,213 sh sole 1,978,813
AMERISAFE INC Common 03071H100 21,886 615,819 sh sole 511,219
ASHFORD HOSPITALITY GROUP Common 044103109 21,583 1,746,227 sh sole 1,450,927
ASTRO-MED INC Common 04638F108 6,585 687,402 sh sole 594,302
BRIGGS & STRATTON Common 109043109 20,385 821,994 sh sole 682,794
BRUNSWICK CORP Common 117043109 18,181 531,299 sh sole 440,399
CAL DIVE INTERNATIONAL INC. Common 12802T101 1,955 1,086,193 sh sole 940,593
CAPITAL CITY BANK GROUP INC Common 139674105 8,728 706,746 sh sole 612,946
CATHAY GENERAL BANCORP Common 149150104 17,610 875,238 sh sole 727,438
CDI CORP Common 125071100 7,325 425,861 sh sole 369,461
CENTRAL GARDEN AND PET CO - A Common 153527205 10,679 1,299,190 sh sole 1,083,790
CENTRAL GARDEN AND PET CO. Common 153527106 7,506 870,740 sh sole 716,740
CITI TRENDS INC. Common 17306X102 8,836 863,700 sh sole 747,621
COLUMBUS MCKINNON N Y COM Common 199333105 8,477 440,366 sh sole 383,466
CORE MOLDING INC. Common 218683100 821 92,930 sh sole 80,630
CPI AEROSTRUCTURES INC Common 125919308 5,352 624,464 sh sole 535,864
DOUGLAS DYNAMICS INC. Common 25960r105 27,824 2,013,303 sh sole 1,687,203
EVOLVING SYSTEMS INC Common 30049R209 5,303 836,569 sh sole 723,969
FERRO CORP. Common 315405100 12,484 1,849,526 sh sole 1,602,426
FIRST CONNECTICUT BANKCORP, INCommon 319850103 8,374 568,522 sh sole 492,522
FLOW INTL CORP Common 343468104 11,030 2,820,845 sh sole 2,446,645
FUEL TECH INC Common 359523107 4,128 955,640 sh sole 828,140
GLOBAL POWER EQUIPMENT GROUP Common 37941P306 11,832 671,556 sh sole 582,201
GREAT LAKES DREDGE & DOCK CO Common 390607109 10,224 1,519,176 sh sole 1,281,347
HARSCO CORP Common 415864107 19,373 782,100 sh sole 650,100
HEADWATERS INC. Common 42210P102 12,228 1,121,806 sh sole 931,206
HEIDRICK & STRUGGLES INTL Common 422819102 7,825 523,420 sh sole 453,920
HOMETRUST BANCSHARES INC Common 437872104 12,452 788,071 sh sole 682,600
HOOKER FURNITURE CORP Common 439038100 11,675 732,423 sh sole 634,423
HUDSON GLOBAL INC Common 443787106 2,437 618,479 sh sole 523,979
IMAGE SENSING SYSTEMS INC Common 45244C104 2,318 502,440 sh sole 435,840
INTEVAC INC Common 461148108 736 156,032 sh sole 135,532
INTL SPEEDWAY CORP Common 460335201 19,982 611,442 sh sole 507,042
JOHN BEAN TECHNOLOGIES CORP Common 477839104 21,085 1,016,151 sh sole 841,751
KADANT INC Common 48282T104 9,588 383,537 sh sole 333,037
KEY TECHNOLOGY INC Common 493143101 7,391 584,704 sh sole 508,204
KMG CHEMICALS INC Common 482564101 10,690 549,875 sh sole 476,175
KRATON PERFORMANCE POLYMERS Common 50077c106 17,189 734,593 sh sole 608,993
LIBBEY INC Common 529898108 12,451 644,119 sh sole 558,019
LIONBRIDGE TECHNOLOGIES INC. Common 536252109 10,557 2,727,825 sh sole 2,254,425
MAC-GRAY CORP Common 554153106 7,615 594,943 sh sole 515,643
MAIDEN HOLDINGS LTD Common 036419750 20,159 1,903,575 sh sole 1,580,075
MANITEX INTERNATIONAL INC Common 563420108 14,223 1,146,090 sh sole 993,190
MARINEMAX INC Common 567908108 12,308 905,667 sh sole 783,742
MARRIOTT VACATIONS WORLD Common 57164Y107 9,458 220,419 sh sole 183,019
MEADOWBROOK INSURANCE GROUP Common 58319P108 11,573 1,641,564 sh sole 1,421,564
MERCURY SYSTEMS INC Common 589378108 7,352 997,584 sh sole 864,084
MICROFINANCIAL INC. Common 595072109 3,748 444,599 sh sole 386,799
MKTG INC. Common 60688K108 1,116 826,923 sh sole 720,269
MODINE MANUFACTURING Common 607828100 18,925 2,079,759 sh sole 1,722,059
MUELLER WATER PRODUCTS Common 624758108 18,770 3,165,225 sh sole 2,630,825
MYERS INDUSTRIES INC Common 628464109 11,060 792,285 sh sole 644,355
NATIONAL INTERSTATE CORP Common 63654U100 16,032 534,745 sh sole 442,819
OMNOVA SOLUTIONS INC Common 682129101 6,576 857,427 sh sole 743,627
PACER INTERNATIONAL INC Common 69373H106 12,327 2,450,702 sh sole 2,124,902
PAR TECHNOLOGY CORP Common 698884103 3,195 678,266 sh sole 590,566
PATRIOT TRANSPORTATION HOLDINGCommon 70337B102 5,106 183,539 sh sole 159,539
PERCEPTRON INC Common 71361F100 3,903 540,596 sh sole 470,596
PERICOM SEMICONDUCTOR CORP Common 713831105 6,088 893,714 sh sole 774,714
PERMA-FIX ENVIRONMENTAL SVCS Common 714157104 2,972 3,624,127 sh sole 3,149,994
QAD INC Common 74727D306 3,989 310,689 sh sole 265,089
QAD INC-B Common 74727D207 24 2,080 sh sole 1,780
RAND LOGISTICS INC Common 752182105 10,156 1,658,050 sh sole 1,437,350
REGIS CORP Common 758932107 18,723 1,029,315 sh sole 854,915
REIS INC Common 75936p105 6,511 418,961 sh sole 364,261
SCHAWK INC CL A Common 806373106 12,162 1,106,600 sh sole 913,583
SURMODICS INC Common 868873100 9,534 349,875 sh sole 303,362
THOR INDUSTRIES IND Common 885160101 14,060 382,180 sh sole 317,549
TOWN SPORTS INTERNATIONAL Common 89214a102 9,947 1,051,516 sh sole 910,616
VIAD CORP Common 92552r406 21,262 768,674 sh sole 637,374
VISHAY PRECISION GROUP Common 92835K103 12,196 835,348 sh sole 723,148
WERNER ENTERPRISES INC Common 950755108 10,405 431,040 sh sole 122,248
WEST PHARMACEUTICAL SERVICES, Common 955306105 9,549 147,048 sh sole 630,684
WILLIS LEASE FINANCE CORPORATICommon 970646105 10,995 727,184 sh sole 329,140