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
Estimated average burden
hours per response: 23.8
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 13,641 586,196 SH   SOLE   0 568,495 17,701
ACACIA RESH CORP ACACIA TCH COM 003881307 21,816 5,756,130 SH   SOLE   0 5,619,900 136,230
ACCURAY INC COM 004397105 15,851 2,742,327 SH   SOLE   0 2,615,082 127,245
ADTRAN INC COM 00738A106 7,620 376,874 SH   SOLE   0 373,494 3,380
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 7,560 998,668 SH   SOLE   0 980,757 17,911
ALCOA INC COM 013817101 231 24,075 SH   SOLE   0 24,075 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 19,501 1,169,828 SH   SOLE   0 1,166,576 3,252
ARGAN INC COM 04010E109 11,487 326,711 SH   SOLE   0 313,211 13,500
ASSURANT, INC. COM 04621X108 222 2,876 SH   SOLE   0 2,876 0
AT&T INC COM 00206R102 11,232 286,759 SH   SOLE   0 282,843 3,916
AV HOMES INC COM 00234P102 9,520 838,000 SH   SOLE   0 823,600 14,400
AVG TECHNOLOGIES N.V. SHS N07831105 11,413 550,000 SH   SOLE   0 550,000 0
AVNET INC COM 053807103 316 7,135 SH   SOLE   0 7,135 0
AVX CORP NEW COM 002444107 132 10,485 SH   SOLE   0 10,485 0
BANK NEW YORK MELLON CORP COM 064058100 8,674 235,513 SH   SOLE   0 232,879 2,634
BARRETT BUSINESS SERVICES IN COM 068463108 16,676 580,020 SH   SOLE   0 565,285 14,735
BB&T CORP COM 054937107 9,236 277,601 SH   SOLE   0 274,883 2,718
BERKSHIRE HILLS BANCORP INC COM 084680107 13,830 514,322 SH   SOLE   0 514,322 0
BOISE CASCADE CO DEL COM 09739D100 7,952 383,803 SH   SOLE   0 379,080 4,723
BOSTON PRIVATE FINL HLDGS IN COM 101119105 16,293 1,422,938 SH   SOLE   0 1,418,961 3,977
BRADY CORP CL A 104674106 16,391 610,702 SH   SOLE   0 0 610,702
BRAVO BRIO RESTAURANT GROUP COM 10567B109 7,029 906,975 SH   SOLE   0 847,300 59,675
BROOKLINE BANCORP INC DEL COM 11373M107 690 62,700 SH   SOLE   0 62,700 0
CA INC COM 12673P105 13,499 438,411 SH   SOLE   0 434,168 4,243
CALLAWAY GOLF CO. COM 131193104 3,648 400,000 SH   SOLE   0 400,000 0
CAMBREX CORP COM 132011107 8,800 200,000 SH   SOLE   0 200,000 0
CAPITAL BK FINL CORP CL A COM 139794101 15,382 498,605 SH   SOLE   0 498,605 0
CAPITAL CITY BK GROUP INC COM 139674105 10,067 689,995 SH   SOLE   0 669,785 20,210
CAPITAL ONE FINL CORP COM 14040H105 8,170 117,877 SH   SOLE   0 116,629 1,248
CARBO CERAMICS INC COM 140781105 20,441 1,439,497 SH   SOLE   0 1,417,997 21,500
CARETRUST REIT INC COM 14174T107 29,936 2,357,162 SH   SOLE   0 2,292,462 64,700
CASH AMER INTL INC COM 14754D100 17,951 464,567 SH   SOLE   0 464,567 0
CENTERSTATE BANKS INC COM 15201P109 25,855 1,736,392 SH   SOLE   0 1,736,392 0
CHRISTOPHER & BANKS CORP. COM 171046105 2,390 1,000,000 SH   SOLE   0 1,000,000 0
CIBER INC COM 17163B102 7,859 3,724,500 SH   SOLE   0 3,549,200 175,300
CISCO SYS INC COM 17275R102 10,941 384,298 SH   SOLE   0 379,672 4,626
CITIGROUP INC COM NEW 172967424 1,628 39,003 SH   SOLE   0 37,307 1,696
COBIZ FINANCIAL INC COM 190897108 5,910 500,000 SH   SOLE   0 500,000 0
COMPUTER TASK GROUP INC COM 205477102 3,073 601,332 SH   SOLE   0 601,332 0
CONIFER HOLDINGS INC COM 20731J102 3,265 500,000 SH   SOLE   0 500,000 0
CORNING INC COM 219350105 6,402 306,483 SH   SOLE   0 304,931 1,552
CORRECTIONS CORP AMER NEW COM 22025Y407 12,844 400,760 SH   SOLE   0 400,760 0
CPI AEROSTRUCTURES INC COM NEW 125919308 3,606 491,962 SH   SOLE   0 491,962 0
CROCS INC COM 227046109 962 100,000 SH   SOLE   0 100,000 0
CTS CORP COM 126501105 787 50,000 SH   SOLE   0 50,000 0
CUI GLOBAL INC COM NEW 126576206 15,455 1,912,723 SH   SOLE   0 1,776,823 135,900
CYBEROPTICS CORP COM 232517102 4,376 469,000 SH   SOLE   0 469,000 0
DEAN FOODS CO NEW COM NEW 242370203 18,742 1,082,129 SH   SOLE   0 1,079,455 2,674
DESTINATION MATERNITY CORP COM 25065D100 2,736 400,000 SH   SOLE   0 400,000 0
DEVON ENERGY CORP NEW COM 25179M103 3,137 114,317 SH   SOLE   0 112,752 1,565
DHT HOLDINGS INC SHS NEW Y2065G121 4,320 750,000 SH   SOLE   0 750,000 0
DIEBOLD INC COM 253651103 289 10,006 SH   SOLE   0 10,006 0
DIGIRAD CORP COM 253827109 6,944 1,400,000 SH   SOLE   0 1,400,000 0
DIGITAL RLTY TR INC COM 253868103 11,906 134,551 SH   SOLE   0 132,733 1,818
DONEGAL GROUP INC CL A 257701201 4,314 300,000 SH   SOLE   0 300,000 0
DSP GROUP INC COM 23332B106 6,840 750,000 SH   SOLE   0 750,000 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 251 2,438 SH   SOLE   0 2,438 0
DYNAMIC MATLS CORP COM 267888105 3,888 600,000 SH   SOLE   0 600,000 0
EL PASO ELEC CO COM NEW 283677854 20,231 440,949 SH   SOLE   0 440,949 0
EMERSON ELECTRIC CO. COM 291011104 7,566 139,125 SH   SOLE   0 137,558 1,567
ENCORE WIRE CORP COM 292562105 18,975 487,416 SH   SOLE   0 487,416 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 8,251 126,272 SH   SOLE   0 125,686 586
ENSIGN GROUP INC COM 29358P101 13,561 599,000 SH   SOLE   0 599,000 0
EQUITY COMMONWEALTH COM SH BEN INT 294628102 18,934 670,927 SH   SOLE   0 668,737 2,190
ESCO TECHNOLOGIES INC COM 296315104 19,126 490,669 SH   SOLE   0 490,669 0
ESSENDANT INC. COM 296689102 4,832 151,346 SH   SOLE   0 150,026 1,320
EXELON CORP COM 30161N101 12,225 340,906 SH   SOLE   0 338,057 2,849
EXXON MOBIL CORP COM 30231G102 15,662 187,363 SH   SOLE   0 185,748 1,615
FABRINET SHS G3323L100 9,900 306,021 SH   SOLE   0 300,265 5,756
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 7,923 281,646 SH   SOLE   0 278,060 3,586
FIRSTENERGY CORP COM 337932107 376 10,441 SH   SOLE   0 10,441 0
FLAMEL TECHNOLOGIES SA ADR SPONSORED ADR 338488109 5,520 500,000 SH   SOLE   0 500,000 0
FLIR SYSTEMS INC. COM 302445101 6,113 185,513 SH   SOLE   0 183,365 2,148
FLUOR CORPORATION NEW COM 343412102 7,690 143,205 SH   SOLE   0 141,640 1,565
FORD MTR CO DEL COM PAR $0.01 345370860 2,837 210,130 SH   SOLE   0 207,048 3,082
FREDS INC CL A 356108100 36,752 2,464,952 SH   SOLE   0 2,423,486 41,466
GRANITE CONSTR INC COM 387328107 21,671 453,367 SH   SOLE   0 453,367 0
GULF ISLAND FABRICATION INC COM 402307102 6,191 788,649 SH   SOLE   0 788,649 0
HARVARD BIOSCIENCE INC COM 416906105 6,204 2,054,222 SH   SOLE   0 2,054,222 0
HAYNES INTERNATIONAL INC COM NEW 420877201 7,008 191,987 SH   SOLE   0 191,987 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 36,805 1,552,970 SH   SOLE   0 1,552,970 0
HERITAGE FINL CORP WASH COM 42722X106 8,398 478,000 SH   SOLE   0 478,000 0
HESS CORP COM 42809H107 10,606 201,437 SH   SOLE   0 199,567 1,870
HF FINL CORP COM 404172108 6,154 341,900 SH   SOLE   0 341,900 0
HUDSON GLOBAL INC COM 443787106 9,729 4,105,067 SH   SOLE   0 3,888,416 216,651
HUDSON TECHNOLOGIES INC COM 444144109 8,200 2,500,000 SH   SOLE   0 2,500,000 0
HUNTINGTON BANCSHARES INC COM 446150104 262 27,472 SH   SOLE   0 27,472 0
HYDROGENICS CORP NEW COM 448883207 10,225 1,250,000 SH   SOLE   0 1,250,000 0
IAMGOLD CORP COM 450913108 7,929 3,593,338 SH   SOLE   0 3,215,670 377,668
IMMUCELL CORPORATION COM PAR $0.10 452525306 1,391 203,100 SH   SOLE   0 203,100 0
INTERDIGITAL INC COM 45867G101 10,798 194,035 SH   SOLE   0 194,035 0
INVACARE CORP COM 461203101 47,490 3,605,885 SH   SOLE   0 3,572,644 33,241
JAMBA INC COM NEW 47023A309 4,944 400,000 SH   SOLE   0 400,000 0
JASON INDS INC COM 471172106 3,500 1,000,000 SH   SOLE   0 1,000,000 0
JERNIGAN CAP INC COM 476405105 9,289 594,695 SH   SOLE   0 569,630 25,065
JETBLUE AIRWAYS CORP COM 477143101 4,041 191,316 SH   SOLE   0 186,868 4,448
JUNIPER PHARMACEUTICALS, INC. COM 48203L107 1,414 213,853 SH   SOLE   0 213,853 0
KENNEDY-WILSON HOLDINGS INC. COM 489398107 4,380 200,000 SH   SOLE   0 200,000 0
KID BRANDS INC COM 497266106 6,273 104,054 SH   SOLE   0 102,953 1,101
KOHS CORP COM 500255104 7,046 151,169 SH   SOLE   0 150,336 833
LAMAR ADVERTISING COMPANY NEW CL A 512816109 11,333 184,275 SH   SOLE   0 184,275 0
LANDEC CORP COM 514766104 11,047 1,052,100 SH   SOLE   0 995,700 56,400
LEXMARK INTL NEW CL A 529771107 224 6,706 SH   SOLE   0 6,706 0
LINCOLN EDL SVCS CORP COM 533535100 9,844 3,969,477 SH   SOLE   0 3,689,122 280,355
LYDALL INC DEL COM 550819106 14,186 436,229 SH   SOLE   0 436,229 0
M D C HLDGS INC COM 552676108 42,494 1,695,690 SH   SOLE   0 1,675,087 20,603
MAINSOURCE FINANCIAL GP INC COM 56062Y102 11,046 523,744 SH   SOLE   0 523,744 0
MANTECH INTL CORP CL A 564563104 30,788 962,434 SH   SOLE   0 962,434 0
MARTEN TRANS LTD COM 573075108 5,616 300,000 SH   SOLE   0 300,000 0
MATERION CORP COM 576690101 26,239 990,901 SH   SOLE   0 990,901 0
MDU RES GROUP INC COM 552690109 32,394 1,664,621 SH   SOLE   0 1,638,277 26,344
MFRI INC COM 552721102 595 84,987 SH   SOLE   0 84,987 0
MGIC INVT CORP WIS COM 552848103 6,082 792,900 SH   SOLE   0 741,900 51,000
MGP INGREDIENTS INC NEW COM 55303J106 12,120 500,000 SH   SOLE   0 500,000 0
MURPHY USA INC COM 626755102 6,718 109,329 SH   SOLE   0 107,204 2,125
NCI INC CL A 62886K104 8,032 573,297 SH   SOLE   0 573,297 0
NEWPARK RES INC COM PAR $.01NEW 651718504 2,591 599,816 SH   SOLE   0 592,905 6,911
NORTHWEST PIPE CO COM 667746101 3,688 400,000 SH   SOLE   0 400,000 0
OIL DRI CORP AMER COM 677864100 5,682 168,198 SH   SOLE   0 155,697 12,501
OLD NATL BANCORP IND COM 680033107 15,900 1,304,327 SH   SOLE   0 1,304,327 0
OLIN CORP COM PAR $1 680665205 176 10,137 SH   SOLE   0 10,137 0
OLYMPIC STEEL INC COM 68162K106 6,924 400,000 SH   SOLE   0 400,000 0
ONEBEACON INSURANCE GROUP LT CL A G67742109 34,763 2,730,814 SH   SOLE   0 2,730,814 0
OSHKOSH CORP COM 688239201 10,159 248,580 SH   SOLE   0 246,508 2,072
OUTERWALL INC COM 690070107 9,248 250,000 SH   SOLE   0 250,000 0
OWENS & MINOR INC NEW COM 690732102 14,644 362,308 SH   SOLE   0 360,255 2,053
OWENS CORNING NEW COM 690742101 201 4,246 SH   SOLE   0 4,246 0
PACIFIC CONTINENTAL CORP COM 69412V108 11,854 734,893 SH   SOLE   0 734,893 0
PARK ELECTROCHEMICAL CORP COM 700416209 32,242 2,013,894 SH   SOLE   0 2,013,894 0
PATTERSON UTI ENERGY INC COM 703481101 5,006 284,107 SH   SOLE   0 284,107 0
PC-TEL INC COM 69325Q105 1,835 383,903 SH   SOLE   0 383,903 0
PDI INC COM 46062X105 838 2,994,313 SH   SOLE   0 2,724,550 269,763
PEOPLES UTAH BANCORP COM 712706209 2,375 150,000 SH   SOLE   0 150,000 0
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 6,580 1,778,462 SH   SOLE   0 1,619,355 159,107
PIXELWORKS INC. COM NEW 72581M305 2,193 1,001,400 SH   SOLE   0 1,001,400 0
PFIZER INC COM 717081103 5,687 191,867 SH   SOLE   0 188,451 3,416
PHOTRONICS INC COM 719405102 7,672 736,970 SH   SOLE   0 729,889 7,081
PIONEER PWR SOLUTIONS INC COM NEW 723836300 2,525 500,000 SH   SOLE   0 500,000 0
PNC FINL SVCS GROUP INC COM 693475105 9,987 118,086 SH   SOLE   0 116,823 1,263
POPULAR INC COM NEW 733174700 284 9,921 SH   SOLE   0 9,921 0
PORTLAND GENERAL ELECTRIC COMPANY COM NEW 736508847 6,300 159,522 SH   SOLE   0 159,522 0
POTLATCH CORPORATION NEW COM 737630103 11,727 372,295 SH   SOLE   0 372,295 0
PRIMO WTR CORP COM 74165N105 5,045 500,000 SH   SOLE   0 500,000 0
PRINCIPAL FINL GROUP INC COM 74251V102 8,136 206,229 SH   SOLE   0 203,592 2,637
PULTE GROUP INC COM 745867101 6,056 323,698 SH   SOLE   0 321,541 2,157
QUANEX BUILDING PRODUCTS COR COM 747619104 21,913 1,262,275 SH   SOLE   0 1,262,275 0
QUEST DIAGNOSTICS INC COM 74834L100 15,973 223,554 SH   SOLE   0 221,281 2,273
RADISYS CORP. COM 750459109 7,900 2,000,000 SH   SOLE   0 2,000,000 0
RCM TECHNOLOGIES INC COM NEW 749360400 5,841 1,100,000 SH   SOLE   0 1,100,000 0
REGIS CORP MINN COM 758932107 60,513 3,983,750 SH   SOLE   0 3,983,750 0
REINSURANCE GROUP AMER INC COM NEW 759351604 233 2,422 SH   SOLE   0 2,422 0
RESOURCES CONNECTION INC COM 76122Q105 26,422 1,698,099 SH   SOLE   0 1,698,099 0
RETAILMENOT COM SER 1 76132B106 11,371 1,419,600 SH   SOLE   0 1,351,300 68,300
ROVI CORP COM 779376102 15,383 750,000 SH   SOLE   0 750,000 0
RPC INC COM 749660106 231 16,269 SH   SOLE   0 16,269 0
SAFEGUARD SCIENTIFICS INC. COM NEW 786449207 4,638 350,000 SH   SOLE   0 350,000 0
SCHNITZER STL INDS CL A 806882106 4,610 250,000 SH   SOLE   0 250,000 0
SCORPIO TANKERS INC SHS Y7542C106 7,989 1,370,388 SH   SOLE   0 1,355,155 15,233
SHARPS COMPLIANCE CORP COM 820017101 237 43,030 SH   SOLE   0 43,030 0
SONIC AUTOMOTIVE INC CL A 83545G102 16,954 917,426 SH   SOLE   0 890,175 27,251
SOUTH JERSEY IND INC COM 838518108 19,915 700,000 SH   SOLE   0 700,000 0
SPARTAN MTRS INC COM 846819100 2,963 750,000 SH   SOLE   0 750,000 0
STARTEK INC COM 85569C107 5,880 1,400,000 SH   SOLE   0 1,400,000 0
STATE AUTO FINL CORP COM 855707105 6,618 300,000 SH   SOLE   0 300,000 0
STONERIDGE INC COM 86183P102 10,601 728,100 SH   SOLE   0 685,825 42,275
SUN CMNTYS INC COM 866674104 258 3,596 SH   SOLE   0 3,596 0
SUPERCOM LTD NEW SHS NEW M87095119 5,167 1,298,300 SH   SOLE   0 1,253,800 44,500
SUPREME INDS INC CL A 868607102 6,188 700,000 SH   SOLE   0 700,000 0
TCF FINL CORP COM 872275102 16,840 1,373,538 SH   SOLE   0 1,341,895 31,643
TECHTARGET INC COM 87874R100 2,745 370,000 SH   SOLE   0 370,000 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 256 4,775 SH   SOLE   0 4,775 0
THE BANCORP INC COM 05969A105 3,718 650,000 SH   SOLE   0 650,000 0
THERAPEUTICSMD COM 88338N107 3,840 600,000 SH   SOLE   0 600,000 0
TRANSCAT INC COM 893529107 6,084 600,000 SH   SOLE   0 600,000 0
TRC COS INC COM 872625108 2,900 400,000 SH   SOLE   0 400,000 0
TRICO BANCSHARES COM 896095106 9,554 377,320 SH   SOLE   0 377,320 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 15,042 1,290,010 SH   SOLE   0 1,249,900 40,110
TRIPLE-S MGMT CORP CL B 896749108 10,627 427,481 SH   SOLE   0 421,005 6,476
TRISTATE CAP HLDGS INC COM 89678F100 15,826 1,256,024 SH   SOLE   0 1,209,806 46,218
UNION BANKSHARES CORP NEW COM 90539J109 22,993 933,550 SH   SOLE   0 933,550 0
UNIT CORP COM 909218109 1,269 143,999 SH   SOLE   0 142,558 1,441
UNIVERSAL FST PRODS INC COM 913543104 7,881 91,826 SH   SOLE   0 90,531 1,295
UNIVERSAL TECHNICAL INST INC COM 913915104 6,465 1,500,000 SH   SOLE   0 1,500,000 0
WAL MART STORES INC COM 931142103 14,729 215,052 SH   SOLE   0 212,810 2,242
WASHINGTON FED INC COM 938824109 8,519 376,115 SH   SOLE   0 373,059 3,056
WCI CMNTYS INC COM PAR $0.01 92923C807 11,602 624,455 SH   SOLE   0 593,055 31,400
WILLBROS GROUP INC DEL COM 969203108 11,331 5,319,692 SH   SOLE   0 5,087,990 231,702
WORLD FUEL SVCS CORP COM 981475106 3,363 69,231 SH   SOLE   0 68,567 664
WPX ENERGY INC COM 98212B103 34,057 4,872,303 SH   SOLE   0 4,872,303 0