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
ACTUATE CORP COM 00508B102 3,482 730,083 SH   SOLE   730,083 0 0
AEP INDS INC COM 001031103 2,106 60,406 SH   SOLE   60,406 0 0
AGILYSYS INC COM 00847J105 1,854 131,690 SH   SOLE   131,690 0 0
ARCOS DORADOS HOLDINGS INC SHS CLASS -A - G0457F107 2,978 265,900 SH   SOLE   265,900 0 0
ARGAN INC COM 04010E109 5,390 144,544 SH   SOLE   144,544 0 0
ARMADA HOFFLER PPTYS INC COM 04208T108 1,917 198,020 SH   SOLE   198,020 0 0
BLUCORA INC COM 095229100 5,294 280,557 SH   SOLE   280,557 0 0
CAFEPRESS INC COM 12769A103 1,396 270,000 SH   SOLE   270,000 0 0
COMVERSE INC COM 20585P105 2,962 111,036 SH   SOLE   111,036 0 0
CROSS CTRY HEALTHCARE INC COM 227483104 1,160 177,854 SH   SOLE   177,854 0 0
ELLIS PERRY INTL INC COM 288853104 7,204 413,079 SH   SOLE   413,079 0 0
EPIQ SYS INC COM 26882D109 5,248 373,535 SH   SOLE   373,535 0 0
GLOBAL BRASS & COPPR HLDGS I COM 37953G103 1,071 63,369 SH   SOLE   63,369 0 0
GUIDANCE SOFTWARE INC COM 401692108 1,127 123,527 SH   SOLE   123,527 0 0
INSTALLED BLDG PRODS INC COM 45780R101 4,230 345,327 SH   SOLE   345,327 0 0
INTRAWEST RESORTS HLDGS INC COM 46090K109 233 20,300 SH   SOLE   20,300 0 0
JABIL CIRCUIT INC COM 466313103 3,791 181,400 SH   SOLE   181,400 0 0
MICROS SYS INC COM 594901100 679 10,000 SH   SOLE   10,000 0 0
MONOTYPE IMAGING HOLDINGS IN COM 61022P100 2,092 74,267 SH   SOLE   74,267 0 0
NATIONAL CINEMEDIA INC COM 635309107 1,523 86,955 SH   SOLE   86,955 0 0
PROVIDENCE SVC CORP COM 743815102 4,319 118,036 SH   SOLE   118,036 0 0
REMY INTL INC COM 759663107 1,852 79,325 SH   SOLE   79,325 0 0
RYMAN HOSPITALITY PPTYS INC COM 78377T107 3,515 73,000 SH   SOLE   73,000 0 0
SHOE CARNIVAL INC COM 824889109 1,573 76,181 SH   SOLE   76,181 0 0
STARTEK INC COM 85569C107 3,997 517,723 SH   SOLE   517,723 0 0
TECH DATA CORP COM 878237106 3,837 61,379 SH   SOLE   61,379 0 0
VIAD CORP COM 92552R406 3,531 148,127 SH   SOLE   148,127 0 0
YUME INC COM 98872B104 2,226 377,300 SH   SOLE   377,300 0 0
ZIX CORP COM 98974P100 1,396 408,327 SH   SOLE   408,327 0 0