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
ALCOA INC COM 013817101 136 12,158 SH   SOLE   0 12,158 0
ARCTIC CAT INC COM 039670104 3,335 100,431 SH   SOLE   0 100,431 0
ACACIA RESH CORP ACACIA TCH COM 003881307 30,674 3,497,658 SH   SOLE   0 3,392,323 105,335
ADEPT TECHNOLOGY INC COM NEW 006854202 4,680 650,000 SH   SOLE   0 650,000 0
THE ADT CORPORATION COM 00101J106 17,679 526,623 SH   SOLE   0 480,727 45,896
ADTRAN INC COM 00738A106 4,603 283,279 SH   SOLE   0 259,547 23,732
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 42,880 2,490,122 SH   SOLE   0 2,411,053 79,069
ALBANY INTL CORP CL A 012348108 25,191 632,951 SH   SOLE   0 632,951 0
AAR CORP COM 000361105 18,616 584,124 SH   SOLE   0 569,524 14,600
ALBANY MOLECULAR RESH INC COM 012423109 4,858 240,243 SH   SOLE   0 240,243 0
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 12,684 1,026,253 SH   SOLE   0 1,006,237 20,016
AMPCO-PITTSBURGH CORP COM 032037103 6,048 400,000 SH   SOLE   0 400,000 0
ACCURAY INC COM 004397105 18,753 2,782,310 SH   SOLE   0 2,634,905 147,405
ASTEC INDS INC COM 046224101 18,819 450,000 SH   SOLE   0 450,000 0
AURICO GOLD INC COM 05155C105 62 21,708 SH   SOLE   0 21,708 0
AV HOMES INC COM 00234P102 8,622 600,000 SH   SOLE   0 600,000 0
AVNET INC COM 053807103 3,310 80,519 SH   SOLE   0 80,519 0
AVX CORP NEW COM 002444107 317 23,561 SH   SOLE   0 23,561 0
AXT INC COM 00246W103 577 229,064 SH   SOLE   0 229,064 0
BARRETT BILL CORP COM 06846N104 2,577 300,000 SH   SOLE   0 300,000 0
BRAVO BRIO RESTAURANT GROUP COM 10567B109 16,007 1,181,325 SH   SOLE   0 1,147,150 34,175
BARRETT BUSINESS SERVICES IN COM 068463108 21,228 584,470 SH   SOLE   0 569,495 14,975
BB&T CORP COM 054937107 18,860 467,863 SH   SOLE   0 419,693 48,170
BOISE CASCADE CO DEL COM 09739D100 17,047 464,737 SH   SOLE   0 417,696 47,041
BOULDER BRANDS INC COM 101405108 3,470 500,000 SH   SOLE   0 500,000 0
BUNGE LIMITED COM G16962105 18,729 213,319 SH   SOLE   0 191,722 21,597
BAKER HUGHES INC COM 057224107 4,205 68,150 SH   SOLE   0 67,399 751
BERKSHIRE HILLS BANCORP INC COM 084680107 19,785 694,700 SH   SOLE   0 694,700 0
BANK NEW YORK MELLON CORP COM 064058100 12,697 302,523 SH   SOLE   0 270,369 32,154
BEMIS INC COM 081437105 220 4,879 SH   SOLE   0 4,879 0
DYNAMIC MATLS CORP COM 267888105 10,257 932,454 SH   SOLE   0 932,454 0
BP PLC SPONSORED ADR 055622104 3,419 85,569 SH   SOLE   0 81,169 4,400
BOSTON PRIVATE FINL HLDGS IN COM 101119105 28,602 2,132,919 SH   SOLE   0 2,005,147 127,772
POPULAR INC COM NEW 733174700 5,214 180,649 SH   SOLE   0 160,105 20,544
BRADY CORP CL A 104674106 48,620 1,965,233 SH   SOLE   0 1,965,233 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 263 22,154 SH   SOLE   0 22,154 0
BROOKLINE BANCORP INC DEL COM 11373M107 17,120 1,516,388 SH   SOLE   0 1,460,488 55,900
CITIGROUP INC COM NEW 172967424 3,474 62,897 SH   SOLE   0 54,816 8,081
CA INC COM 12673P105 10,366 353,905 SH   SOLE   0 325,120 28,785
CAPITAL BK FINL CORP CL A COM 139794101 15,680 539,383 SH   SOLE   0 539,383 0
CAMBREX CORP COM 132011107 17,576 400,000 SH   SOLE   0 400,000 0
CIBER INC COM 17163B102 14,152 4,101,900 SH   SOLE   0 3,876,600 225,300
CAPITAL CITY BK GROUP INC COM 139674105 9,811 642,489 SH   SOLE   0 636,969 5,520
CROSS CTRY HEALTHCARE INC COM 227483104 6,340 500,000 SH   SOLE   0 500,000 0
C D I CORP COM 125071100 21,330 1,640,776 SH   SOLE   0 1,640,776 0
CHICOS FAS INC COM 168615102 52,043 3,129,473 SH   SOLE   0 3,129,473 0
CHECKPOINT SYS INC COM 162825103 4,072 400,000 SH   SOLE   0 400,000 0
COMMERCIAL METALS CO COM 201723103 28,017 1,742,324 SH   SOLE   0 1,742,324 0
COBIZ FINANCIAL INC COM 190897108 12,193 932,896 SH   SOLE   0 932,896 0
CAPITAL ONE FINL CORP COM 14040H105 26,649 302,934 SH   SOLE   0 276,823 26,111
COHU INC COM 192576106 3,969 300,000 SH   SOLE   0 300,000 0
CROCS INC COM 227046109 1,471 100,000 SH   SOLE   0 100,000 0
CARBO CERAMICS INC COM 140781105 26,035 625,379 SH   SOLE   0 625,379 0
CISCO SYS INC COM 17275R102 20,358 741,363 SH   SOLE   0 658,421 82,942
CENTERSTATE BANKS INC COM 15201P109 22,401 1,658,076 SH   SOLE   0 1,658,076 0
CASH AMER INTL INC COM 14754D100 12,620 481,855 SH   SOLE   0 481,855 0
COMPUTER TASK GROUP INC COM 205477102 4,642 601,332 SH   SOLE   0 601,332 0
CARETRUST REIT INC COM 14174T107 25,317 1,998,190 SH   SOLE   0 1,919,385 78,805
CTS CORP COM 126501105 30,101 1,562,091 SH   SOLE   0 1,562,091 0
CUI GLOBAL INC COM NEW 126576206 8,246 1,629,625 SH   SOLE   0 1,495,225 134,400
COMMERCIAL VEH GROUP INC COM 202608105 5,408 750,000 SH   SOLE   0 750,000 0
CPI AEROSTRUCTURES INC COM NEW 125919308 2,002 200,000 SH   SOLE   0 200,000 0
COLUMBIA PPTY TR INC COM NEW 198287203 445 18,120 SH   SOLE   0 18,120 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 11,741 998,366 SH   SOLE   0 998,366 0
CYBEROPTICS CORP COM 232517102 6,066 600,000 SH   SOLE   0 600,000 0
DIEBOLD INC COM 253651103 3,216 91,879 SH   SOLE   0 91,879 0
DESTINATION MATERNITY CORP COM 25065D100 3,498 300,000 SH   SOLE   0 300,000 0
DEAN FOODS CO NEW COM NEW 242370203 57,880 3,579,487 SH   SOLE   0 3,579,487 0
DONEGAL GROUP INC CL A 257701201 4,569 300,000 SH   SOLE   0 300,000 0
QUEST DIAGNOSTICS INC COM 74834L100 26,995 372,249 SH   SOLE   0 337,247 35,002
DHT HOLDINGS INC SHS NEW Y2065G121 5,828 750,000 SH   SOLE   0 750,000 0
DIGITAL RLTY TR INC COM 253868103 20,736 310,983 SH   SOLE   0 290,205 20,778
DUN & BRADSTREET CORP DEL NE COM 26483E100 3,373 27,646 SH   SOLE   0 27,646 0
DIGIRAD CORP COM 253827109 6,606 1,522,189 SH   SOLE   0 1,522,189 0
DSP GROUP INC COM 23332B106 7,748 750,000 SH   SOLE   0 750,000 0
DATALINK CORP COM 237934104 2,682 300,000 SH   SOLE   0 300,000 0
DEVON ENERGY CORP NEW COM 25179M103 10,983 184,614 SH   SOLE   0 173,340 11,274
DESTINATION XL GROUP INC COM 25065K104 5,010 1,000,000 SH   SOLE   0 1,000,000 0
EL PASO ELEC CO COM NEW 283677854 16,748 483,210 SH   SOLE   0 483,210 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 21,662 329,713 SH   SOLE   0 329,713 0
ENSIGN GROUP INC COM 29358P101 20,574 402,940 SH   SOLE   0 397,015 5,925
ENTEGRIS INC COM 29362U104 26,093 1,790,900 SH   SOLE   0 1,790,900 0
ESCO TECHNOLOGIES INC COM 296315104 20,300 542,627 SH   SOLE   0 542,627 0
UNITED STATIONERS INC COM 296689102 18,873 480,850 SH   SOLE   0 449,590 31,260
EXELON CORP COM 30161N101 14,619 465,267 SH   SOLE   0 423,237 42,030
FORD MTR CO DEL COM PAR $0.01 345370860 5,129 341,688 SH   SOLE   0 300,975 40,713
FIRSTENERGY CORP COM 337932107 1,880 57,766 SH   SOLE   0 57,766 0
FIRST HORIZON NATL CORP COM 320517105 480 30,614 SH   SOLE   0 30,614 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 9,703 349,769 SH   SOLE   0 314,839 34,930
FABRINET SHS G3323L100 22,719 1,212,984 SH   SOLE   0 1,133,623 79,361
FREDS INC CL A 356108100 79,823 4,138,067 SH   SOLE   0 4,057,408 80,659
FRANKLIN STREET PPTYS CORP COM 35471R106 15,036 1,329,458 SH   SOLE   0 1,204,614 124,844
FEDERAL SIGNAL CORP COM 313855108 21,302 1,428,701 SH   SOLE   0 1,428,701 0
FOSTER L B CO COM 350060109 6,057 175,000 SH   SOLE   0 175,000 0
GULF ISLAND FABRICATION INC COM 402307102 10,749 962,282 SH   SOLE   0 962,282 0
CORNING INC COM 219350105 2,653 134,462 SH   SOLE   0 134,462 0
TRIPLE-S MGMT CORP CL B 896749108 19,538 761,413 SH   SOLE   0 677,501 83,912
GRANITE CONSTR INC COM 387328107 49,827 1,403,186 SH   SOLE   0 1,403,186 0
HAYNES INTERNATIONAL INC COM NEW 420877201 5,852 118,654 SH   SOLE   0 108,312 10,342
HUNTINGTON BANCSHARES INC COM 446150104 437 38,671 SH   SOLE   0 38,671 0
HARVARD BIOSCIENCE INC COM 416906105 5,700 1,000,000 SH   SOLE   0 1,000,000 0
HUDSON TECHNOLOGIES INC COM 444144109 8,725 2,500,000 SH   SOLE   0 2,500,000 0
HESS CORP COM 42809H107 10,932 163,462 SH   SOLE   0 143,337 20,125
HF FINL CORP COM 404172108 5,310 350,000 SH   SOLE   0 350,000 0
HERITAGE FINL CORP WASH COM 42722X106 8,542 478,000 SH   SOLE   0 478,000 0
HOOPER HOLMES INC COM 439104100 1,703 8,938,015 SH   SOLE   0 8,938,015 0
HARRIS CORP DEL COM 413875105 2,661 34,604 SH   SOLE   0 34,604 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 47,075 1,805,029 SH   SOLE   0 1,805,029 0
HUDSON GLOBAL INC COM 443787106 10,496 4,583,432 SH   SOLE   0 4,374,226 209,206
IAMGOLD CORP COM 450913108 16,615 8,302,440 SH   SOLE   0 7,876,435 426,005
INTERDIGITAL INC COM 45867G101 5,689 100,000 SH   SOLE   0 100,000 0
INDEPENDENT BANK CORP MASS COM 453836108 23,328 497,511 SH   SOLE   0 497,511 0
INTREPID POTASH INC COM 46121Y102 45,970 3,850,088 SH   SOLE   0 3,850,088 0
INVESTORS REAL ESTATE TR SH BEN INT 461730103 175 24,550 SH   SOLE   0 4,500 20,050
INVACARE CORP COM 461203101 73,891 3,416,155 SH   SOLE   0 3,387,309 28,846
JASON INDS INC COM 471172106 8,913 1,308,806 SH   SOLE   0 1,250,006 58,800
JETBLUE AIRWAYS CORP COM 477143101 11,999 577,968 SH   SOLE   0 515,846 62,122
JERNIGAN CAP INC COM 476405105 7,014 345,170 SH   SOLE   0 326,590 18,580
JOHNSON CTLS INC COM 478366107 4,318 87,185 SH   SOLE   0 87,185 0
JAMBA INC COM NEW 47023A309 6,196 400,000 SH   SOLE   0 400,000 0
KB HOME COM 48666K109 12,450 750,000 SH   SOLE   0 750,000 0
KBR INC COM 48242W106 2,758 141,596 SH   SOLE   0 137,274 4,322
KNOWLES CORP COM 49926D109 47,388 2,618,119 SH   SOLE   0 2,618,119 0
KRATOS DEFENSE & SEC SOLUTIO COM NEW 50077B207 10,025 1,591,250 SH   SOLE   0 1,534,500 56,750
LYDALL INC DEL COM 550819106 14,780 500,000 SH   SOLE   0 500,000 0
LEIDOS HLDGS INC COM 525327102 35,229 872,644 SH   SOLE   0 872,644 0
LINCOLN EDL SVCS CORP COM 533535100 8,987 4,449,246 SH   SOLE   0 4,094,931 354,315
LANDEC CORP COM 514766104 10,543 730,618 SH   SOLE   0 678,993 51,625
LATTICE SEMICONDUCTOR CORP COM 518415104 5,890 1,000,000 SH   SOLE   0 1,000,000 0
LEXMARK INTL NEW CL A 529771107 7,920 179,177 SH   SOLE   0 172,030 7,147
LSB INDS INC COM 502160104 9,121 223,325 SH   SOLE   0 198,321 25,004
LSI INDS INC COM 50216C108 1,117 119,646 SH   SOLE   0 119,646 0
MAGNETEK INC COM NEW 559424403 10,323 299,999 SH   SOLE   0 299,999 0
MANTECH INTL CORP CL A 564563104 39,659 1,367,558 SH   SOLE   0 1,367,558 0
M D C HLDGS INC COM 552676108 81,682 2,725,444 SH   SOLE   0 2,704,119 21,325
MDU RES GROUP INC COM 552690109 5,786 296,264 SH   SOLE   0 262,814 33,450
MFRI INC COM 552721102 1,513 250,000 SH   SOLE   0 250,000 0
MGP INGREDIENTS INC NEW COM 55303J106 10,092 600,000 SH   SOLE   0 600,000 0
MKS INSTRUMENT INC COM 55306N104 22,951 604,934 SH   SOLE   0 604,934 0
MOSAIC CO NEW COM 61945C103 9,014 192,399 SH   SOLE   0 175,094 17,305
MERCURY SYS INC COM 589378108 1,464 100,000 SH   SOLE   0 100,000 0
MARTEN TRANS LTD COM 573075108 6,510 300,000 SH   SOLE   0 300,000 0
MAINSOURCE FINANCIAL GP INC COM 56062Y102 11,496 523,744 SH   SOLE   0 523,744 0
MIDSOUTH BANCORP INC COM 598039105 5,341 350,000 SH   SOLE   0 350,000 0
MATERION CORP COM 576690101 37,008 1,049,886 SH   SOLE   0 1,049,886 0
MASTEC INC COM 576323109 1,237 62,244 SH   SOLE   0 59,871 2,373
MURPHY USA INC COM 626755102 7,455 133,556 SH   SOLE   0 123,595 9,961
NAVIGANT CONSULTING INC COM 63935N107 20,004 1,345,251 SH   SOLE   0 1,321,251 24,000
NCI INC CL A 62886K104 6,321 611,871 SH   SOLE   0 611,871 0
NEWMONT MINING CORP COM 651639106 203 8,700 SH   SOLE   0 4,700 4,000
NEUSTAR INC CL A 64126X201 5,842 200,000 SH   SOLE   0 200,000 0
NORTHWEST PIPE CO COM 667746101 8,148 400,000 SH   SOLE   0 400,000 0
QUANEX BUILDING PRODUCTS COR COM 747619104 62,233 2,904,030 SH   SOLE   0 2,904,030 0
ONEBEACON INSURANCE GROUP LT CL A G67742109 37,282 2,569,366 SH   SOLE   0 2,569,366 0
OWENS CORNING NEW COM 690742101 271 6,572 SH   SOLE   0 6,572 0
OIL DRI CORP AMER COM 677864100 4,499 148,100 SH   SOLE   0 135,400 12,700
OWENS & MINOR INC NEW COM 690732102 48,940 1,439,425 SH   SOLE   0 1,407,721 31,704
OLD NATL BANCORP IND COM 680033107 33,428 2,311,745 SH   SOLE   0 2,311,745 0
OSHKOSH CORP COM 688239201 11,239 265,202 SH   SOLE   0 232,943 32,259
OUTERWALL INC COM 690070107 13,319 175,000 SH   SOLE   0 175,000 0
PACIFIC CONTINENTAL CORP COM 69412V108 9,943 734,893 SH   SOLE   0 734,893 0
PC-TEL INC COM 69325Q105 5,385 750,000 SH   SOLE   0 750,000 0
PDI INC COM 69329V100 4,113 2,876,228 SH   SOLE   0 2,668,684 207,544
PERMA-FIX ENVIRONMENTAL SVCS COM 714157203 6,950 1,824,027 SH   SOLE   0 1,666,140 157,887
PFIZER INC COM 717081103 16,971 506,132 SH   SOLE   0 467,057 39,075
PRINCIPAL FINL GROUP INC COM 74251V102 16,121 314,305 SH   SOLE   0 292,078 22,227
PULTE GROUP INC COM 745867101 5,535 274,665 SH   SOLE   0 242,143 32,522
PIER 1 IMPORTS INC COM 720279108 39,656 3,139,825 SH   SOLE   0 3,139,825 0
PARK ELECTROCHEMICAL CORP COM 700416209 38,283 1,998,071 SH   SOLE   0 1,998,071 0
PHOTRONICS INC COM 719405102 20,473 2,152,832 SH   SOLE   0 1,905,435 247,397
EPLUS INC COM 294268107 13,157 171,654 SH   SOLE   0 171,654 0
PHARMERICA CORP COM 71714F104 6,660 200,000 SH   SOLE   0 200,000 0
PNC FINL SVCS GROUP INC COM 693475105 23,102 241,526 SH   SOLE   0 219,946 21,580
PIONEER PWR SOLUTIONS INC COM NEW 723836300 3,575 500,000 SH   SOLE   0 500,000 0
PRIMO WTR CORP COM 74165N105 2,860 500,000 SH   SOLE   0 500,000 0
PEOPLES UTAH BANCORP COM 712706209 2,547 150,000 SH   SOLE   0 150,000 0
QLOGIC CORP COM 747277101 7,472 526,600 SH   SOLE   0 486,700 39,900
QUAD / GRAPHICS INC COM CL A 747301109 17,361 937,911 SH   SOLE   0 937,911 0
RYDER SYS INC COM 783549108 1,814 20,767 SH   SOLE   0 20,767 0
FREIGHTCAR AMER INC COM 357023100 24,186 1,158,345 SH   SOLE   0 1,158,345 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 23,337 296,573 SH   SOLE   0 271,350 25,223
RCM TECHNOLOGIES INC COM NEW 749360400 6,226 1,100,000 SH   SOLE   0 1,100,000 0
RESOURCES CONNECTION INC COM 76122Q105 40,399 2,510,809 SH   SOLE   0 2,510,809 0
RPC INC COM 749660106 145 10,498 SH   SOLE   0 10,498 0
REINSURANCE GROUP AMER INC COM NEW 759351604 569 6,002 SH   SOLE   0 6,002 0
REGIS CORP MINN COM 758932107 85,976 5,455,337 SH   SOLE   0 5,433,354 21,983
RAND LOGISTICS INC COM 752182105 1,574 485,860 SH   SOLE   0 485,860 0
RENASANT CORP COM 75970E107 18,199 558,252 SH   SOLE   0 558,252 0
GIBRALTAR INDS INC COM 374689107 7,130 350,000 SH   SOLE   0 350,000 0
SONIC AUTOMOTIVE INC CL A 83545G102 21,025 882,310 SH   SOLE   0 839,695 42,615
SIGNAL GENETICS INC COM 826640104 252 115,000 SH   SOLE   0 115,000 0
STONE ENERGY CORP COM 861642106 9,990 793,516 SH   SOLE   0 793,516 0
SHARPS COMPLIANCE CORP COM 820017101 120 17,200 SH   SOLE   0 17,200 0
SPARTAN MTRS INC COM 846819100 3,206 700,000 SH   SOLE   0 700,000 0
SUPERCOM LTD NEW SHS NEW M87095119 2,195 173,080 SH   SOLE   0 166,180 6,900
STAPLES INC COM 855030102 166 10,816 SH   SOLE   0 10,816 0
STONERIDGE INC COM 86183P102 7,212 615,875 SH   SOLE   0 584,500 31,375
STARTEK INC COM 85569C107 9,959 1,687,990 SH   SOLE   0 1,632,385 55,605
S & T BANCORP INC COM 783859101 2,959 100,000 SH   SOLE   0 100,000 0
STATE AUTO FINL CORP COM 855707105 7,185 300,000 SH   SOLE   0 300,000 0
SUNTRUST BKS INC COM 867914103 312 7,249 SH   SOLE   0 7,249 0
SCORPIO TANKERS INC SHS Y7542C106 27,374 2,713,025 SH   SOLE   0 2,494,058 218,967
SUPREME INDS INC CL A 868607102 6,428 750,000 SH   SOLE   0 750,000 0
SUN CMNTYS INC COM 866674104 3,564 57,644 SH   SOLE   0 57,644 0
STANLEY BLACK & DECKER INC COM 854502101 3,391 32,226 SH   SOLE   0 32,226 0
SYMETRA FINL CORP COM 87151Q106 15,060 623,077 SH   SOLE   0 583,869 39,208
SYNALLOY CP DEL COM 871565107 5,480 400,000 SH   SOLE   0 400,000 0
SYSTEMAX INC COM 871851101 1,944 225,000 SH   SOLE   0 225,000 0
AT&T INC COM 00206R102 15,649 440,573 SH   SOLE   0 410,483 30,090
MOLSON COORS BREWING OC CL B 60871R209 1,377 19,728 SH   SOLE   0 19,728 0
TCF FINL CORP COM 872275102 84,076 5,061,766 SH   SOLE   0 5,016,956 44,810
TRICO BANCSHARES COM 896095106 9,075 377,320 SH   SOLE   0 377,320 0
TERADATA CORP DEL COM 88076W103 9,367 253,157 SH   SOLE   0 225,838 27,319
TIDEWATER INC COM 886423102 4,778 210,219 SH   SOLE   0 191,982 18,237
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 15,288 258,687 SH   SOLE   0 236,786 21,901
TRINITY BIOTECH PLC SPON ADR NEW 896438306 21,478 1,189,270 SH   SOLE   0 1,163,140 26,130
TRANSCAT INC COM 893529107 5,198 550,000 SH   SOLE   0 550,000 0
TRONOX LTD SHS CL A Q9235V101 15,491 1,058,861 SH   SOLE   0 1,058,861 0
TRC COS INC COM 872625108 9,537 939,627 SH   SOLE   0 939,627 0
TRISTATE CAP HLDGS INC COM 89678F100 16,474 1,274,122 SH   SOLE   0 1,227,344 46,778
TECHTARGET INC COM 87874R100 3,304 370,000 SH   SOLE   0 370,000 0
TWIN DISC INC COM 901476101 6,949 372,805 SH   SOLE   0 372,805 0
TEXTRON INC COM 883203101 358 8,032 SH   SOLE   0 8,032 0
UNION BANKSHARES CORP NEW COM 90539J109 22,948 987,454 SH   SOLE   0 987,454 0
UNIVERSAL FST PRODS INC COM 913543104 52,037 1,000,144 SH   SOLE   0 970,524 29,620
UMPQUA HLDGS CORP COM 904214103 47,177 2,622,386 SH   SOLE   0 2,622,386 0
UNIT CORP COM 909218109 66,507 2,452,318 SH   SOLE   0 2,408,163 44,155
ULTRA PETROLEUM CORP COM 903914109 35,594 2,842,964 SH   SOLE   0 2,842,964 0
UNIVERSAL TECHNICAL INST INC COM 913915104 6,450 750,000 SH   SOLE   0 750,000 0
VISHAY PRECISION GROUP INC COM 92835K103 3,765 250,000 SH   SOLE   0 250,000 0
WASHINGTON FED INC COM 938824109 12,536 536,878 SH   SOLE   0 477,399 59,479
WCI CMNTYS INC COM PAR $0.01 92923C807 10,926 447,958 SH   SOLE   0 422,918 25,040
WILLBROS GROUP INC DEL COM 969203108 5,110 3,992,473 SH   SOLE   0 3,751,121 241,352
ENCORE WIRE CORP COM 292562105 39,975 902,574 SH   SOLE   0 902,574 0
WAUSAU PAPER CORP COM 943315101 3,672 400,000 SH   SOLE   0 400,000 0
WPX ENERGY INC COM 98212B103 66,541 5,418,629 SH   SOLE   0 5,389,299 29,330
WESTELL TECHNOLOGIES INC CL A 957541105 2,080 2,101,174 SH   SOLE   0 2,101,174 0
WESTERN UN CO COM 959802109 246 12,116 SH   SOLE   0 12,116 0
OLYMPIC STEEL INC COM 68162K106 8,720 500,000 SH   SOLE   0 500,000 0
ZIONS BANCORPORATION COM 989701107 1,902 59,940 SH   SOLE   0 58,371 1,569