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
1 800 FLOWERS COM INC CL A COM 68243Q106 5,292 518,846 SH   SOLE   518,846 0 0
A H BELO CORP COM CL A COM 001282102 308 50,093 SH   SOLE   50,093 0 0
AARON'S INC COM 002535300 1,428 48,000 SH   SOLE   48,000 0 0
ABM INDS INC COM COM 000957100 1,158 26,550 SH   SOLE   11,950 0 14,600
ACCURAY INC COM COM 004397105 157 32,960 SH   SOLE   32,960 0 0
ACME UTD CORP COM COM 004816104 3,563 127,200 SH   SOLE   127,200 0 0
AEROJET ROCKETDYNE HOLDINGS COM 007800105 26,146 1,204,900 SH   SOLE   1,204,900 0 0
ALERE INC COM 01449J105 505 12,700 SH   SOLE   12,700 0 0
AMERICAN AIRLINES GROUP INC COM 02376R102 2,623 62,000 SH   SOLE   62,000 0 0
AMERICAN EAGLE OUTFITTERS INCO COM 02553E106 1,013 72,200 SH   SOLE   25,650 0 46,550
AMERICAN RAILCAR INDS INC COM COM 02916P103 382 9,292 SH   SOLE   9,292 0 0
AMERICAN SOFTWARE INC CL A COM 029683109 2,065 200,913 SH   SOLE   200,913 0 0
AMPCO PITTSBURGH CORP COM 032037103 6,679 475,356 SH   SOLE   475,356 0 0
AMTECH SYS INC COM PAR $0.01N COM 032332504 94 17,000 SH   SOLE   17,000 0 0
ANCHOR BANK CORP COM 032838104 1,282 49,400 SH   SOLE   49,400 0 0
ANGIES LIST INC COM COM 034754101 517 90,679 SH   SOLE   90,679 0 0
ANGIODYNAMICS INC COM COM 03475V101 886 51,066 SH   SOLE   30,350 0 20,716
ARMSTRONG FLOORING INC COM COM 04238R106 3,767 204,500 SH   SOLE   196,600 0 7,900
ARTESIAN RES CORP COM CL A COM 043113208 799 24,526 SH   SOLE   24,526 0 0
ASCENT CAPITAL GROUP INC COM 043632108 3,322 235,079 SH   SOLE   235,079 0 0
ASTEC INDS INC COM COM 046224101 18,920 307,663 SH   SOLE   307,663 0 0
ASTRONICS CORP COM COM 046433108 428 13,500 SH   SOLE   13,500 0 0
ATLANTIC AMERN CORP COM COM 048209100 80 20,000 SH   SOLE   20,000 0 0
ATLAS AIR WORLDWIDE HLDGS 2.25 CONVERTIBLE BOND 049164BH8 212 200,000 PRN   SOLE   200,000 0 0
ATN INTERNATIONAL INC COM 00215F107 3,577 50,800 SH   SOLE   50,800 0 0
AVID TECHNOLOGY INC COM 05367P100 303 65,000 SH   SOLE   65,000 0 0
AZZ INC COM COM 002474104 1,190 20,000 SH   SOLE   20,000 0 0
BADGER METER INC COM COM 056525108 1,029 28,000 SH   SOLE   28,000 0 0
BANKUNITED INC COM COM 06652K103 948 25,413 SH   SOLE   13,313 0 12,100
BARNES GROUP INC COM COM 067806109 218 4,250 SH   SOLE   4,250 0 0
BASSETT FURNITURE INDS COM 070203104 4,839 179,905 SH   SOLE   179,905 0 0
BEASLEY BROADCAST GRP INC. COM 074014101 8,431 726,800 SH   SOLE   726,800 0 0
BENEFICIAL BANCORP INC COM 08171T102 667 41,698 SH   SOLE   22,598 0 19,100
BERKSHIRE HILLS BANCORP INC CO COM 084680107 514 14,246 SH   SOLE   14,246 0 0
BERRY PLASTICS GROUP INC COM COM 08579W103 4,814 99,111 SH   SOLE   99,111 0 0
BIG 5 SPORTING GOODS CORP COM COM 08915P101 1,155 76,500 SH   SOLE   76,500 0 0
BIGLARI HOLDINGS INC COM 08986R101 5,695 13,183 SH   SOLE   13,183 0 0
BIOLASE TECHNOLOGY INC COM COM 090911108 461 341,461 SH   SOLE   341,461 0 0
BIOSCRIP INC COM 09069N108 1,590 935,000 SH   SOLE   935,000 0 0
BIOTELEMETRY INC COM COM 090672106 4,143 143,100 SH   SOLE   143,100 0 0
BON-TON STORES INC COM COM 09776J101 176 210,000 SH   SOLE   210,000 0 0
BOSTON BEER INC CL A COM 100557107 1,230 8,500 SH   SOLE   8,500 0 0
BOTTOMLINE TECH DEL INC COM COM 101388106 814 34,400 SH   SOLE   16,100 0 18,300
BOYD GAMING CORP COM 103304101 1,580 71,800 SH   SOLE   71,800 0 0
BRINKS CO COM COM 109696104 839 15,700 SH   SOLE   6,700 0 9,000
BROADWIND ENERGY INC COM NEW COM 11161T207 745 89,440 SH   SOLE   89,440 0 0
BROWN & BROWN INC COM COM 115236101 679 16,284 SH   SOLE   7,050 0 9,234
BUILDERS FIRSTSOURCE COM 12008R107 526 35,300 SH   SOLE   18,800 0 16,500
CABOT MICROELECTRONICS COM 12709P103 2,513 32,800 SH   SOLE   11,400 0 21,400
CADIZ INC COM 127537207 680 45,174 SH   SOLE   45,174 0 0
CALAVO GROWERS INC COM COM 128246105 3,672 60,600 SH   SOLE   60,600 0 0
CALIFORNIA WTR SVC GROUP COM COM 130788102 889 24,800 SH   SOLE   24,800 0 0
CALLAWAY GOLF CO COM COM 131193104 1,067 96,387 SH   SOLE   96,387 0 0
CALLIDUS SOFTWARE INC COM COM 13123E500 6,768 317,000 SH   SOLE   317,000 0 0
CALLON PETE CO DEL COM COM 13123X102 3,222 244,844 SH   SOLE   244,844 0 0
CAMBIUM LEARNING GRP INC COM COM 13201A107 49 10,000 SH   SOLE   10,000 0 0
CANTEL MEDICAL CORP COM COM 138098108 5,911 73,800 SH   SOLE   73,800 0 0
CANTERBURY PK HLDG CORP COM 13811E101 3,847 368,100 SH   SOLE   368,100 0 0
CARBONITE INC COM 141337105 1,618 79,687 SH   SOLE   79,687 0 0
CARDIOVASCULAR SYS INC DEL COM COM 141619106 3,141 111,100 SH   SOLE   111,100 0 0
CAREDX INC COM 14167L103 14 10,000 SH   SOLE   10,000 0 0
CARPENTER TECHNOLOGY CORP COM COM 144285103 433 11,600 SH   SOLE   0 0 11,600
CARRIAGE SERVICES, INC. 2.750 CONVERTIBLE BOND 143905AM9 260 200,000 PRN   SOLE   200,000 0 0
CARRIZO OIL & CO INC COM COM 144577103 590 20,600 SH   SOLE   12,400 0 8,200
CASELLA WASTE SYS INC CL A COM 147448104 8,383 594,128 SH   SOLE   594,128 0 0
CAVCO INDUSTRIES COM 149568107 6,693 57,500 SH   SOLE   57,500 0 0
CECO ENVIRONMENTAL CORP COM COM 125141101 186 17,720 SH   SOLE   17,720 0 0
CEMPRA INC COM COM 15130J109 263 70,000 SH   SOLE   70,000 0 0
CHART INDS INC COM 16115Q308 2,536 72,580 SH   SOLE   72,580 0 0
CHASE CORP COM 16150R104 9,076 95,133 SH   SOLE   95,133 0 0
CHEESECAKE FACTORY INC COM 163072101 3,105 49,000 SH   SOLE   49,000 0 0
CHEMTURA CORP COM NEW COM 163893209 2,839 85,000 SH   SOLE   85,000 0 0
CHENIERE ENERGY, INC. 4.250 0 CONVERTIBLE BOND 16411RAG4 204 300,000 PRN   SOLE   300,000 0 0
CHESAPEAKE UTILS CORP COM COM 165303108 2,301 33,250 SH   SOLE   33,250 0 0
CHURCHILL DOWNS INC COM COM 171484108 9,299 58,540 SH   SOLE   58,540 0 0
CINCINNATI BELL INC NEW COM NE COM 171871502 4,779 270,023 SH   SOLE   270,023 0 0
CIRCOR INTL INC COM COM 17273K109 10,794 181,600 SH   SOLE   170,200 0 11,400
CITIZENS & NORTHN CORP COM COM 172922106 424 18,200 SH   SOLE   18,200 0 0
COBIZ FINANCIAL INC COM COM 190897108 2,349 139,839 SH   SOLE   124,239 0 15,600
COGENTIX MEDICAL INC COM 19243A104 207 115,000 SH   SOLE   115,000 0 0
COHEN & STEERS INC COM COM 19247A100 4,357 109,000 SH   SOLE   109,000 0 0
COLUMBIA BKG SYS INC COM COM 197236102 312 8,001 SH   SOLE   2,700 0 5,301
COLUMBUS MCKINNON CORP N Y COM COM 199333105 3,144 126,660 SH   SOLE   126,660 0 0
COMMERCEHUB INC SER C COM 20084V306 233 15,000 SH   SOLE   15,000 0 0
COMSCORE INC COM 20564W105 3,584 166,000 SH   SOLE   166,000 0 0
CONNECTICUT WTR SVC INC COM COM 207797101 213 4,000 SH   SOLE   4,000 0 0
CONSOLIDATED COMM HLDGS INC CO COM 209034107 932 39,801 SH   SOLE   39,801 0 0
CONSOLIDATED WATER CO LTD ORD COM G23773107 769 66,000 SH   SOLE   66,000 0 0
CORE MOLDING TECH COM COM 218683100 5,429 304,500 SH   SOLE   304,500 0 0
COTT CORP COM COM 22163N106 1,360 110,000 SH   SOLE   110,000 0 0
CROWN HOLDINGS INC COM COM 228368106 402 7,600 SH   SOLE   7,600 0 0
CSGS 4 1/4 3/15/36 CONVERTIBLE BOND 126349AF6 260 250,000 PRN   SOLE   250,000 0 0
CTS CORP COM 126501105 7,317 343,500 SH   SOLE   343,500 0 0
CUTERA INC COM COM 232109108 6,189 299,000 SH   SOLE   299,000 0 0
CYPRESS SEMICONDUCTOR CORP COM COM 232806109 1,970 143,200 SH   SOLE   52,100 0 91,100
DAKTRONICS INC COM COM 234264109 662 70,000 SH   SOLE   70,000 0 0
DANA HOLDING CORP COM COM 235825205 2,028 105,000 SH   SOLE   105,000 0 0
DATAWATCH CORP COM NEW COM 237917208 252 30,000 SH   SOLE   30,000 0 0
DAWSON GEOPHYSICAL CO NEW COM COM 239360100 111 20,000 SH   SOLE   20,000 0 0
DELTA NAT GAS INC COM COM 247748106 3,187 105,000 SH   SOLE   105,000 0 0
DENNYS CORP COM COM 24869P104 866 70,000 SH   SOLE   70,000 0 0
DESTINATION XL GROUP INC COM 25065K104 86 30,000 SH   SOLE   30,000 0 0
DIEBOLD NIXDORF COM 253651103 765 24,923 SH   SOLE   11,423 0 13,500
DIGI INTL INC COM COM 253798102 1,009 84,801 SH   SOLE   84,801 0 0
DIME CMNTY BANCORP INC COM COM 253922108 727 35,800 SH   SOLE   35,800 0 0
DOVER DOWNS GAMING & ENTMT INC COM 260095104 152 145,000 SH   SOLE   145,000 0 0
DTE 6 1/2 10/1/19 CONVERTIBLE PREF 233331883 204 3,800 SH   SOLE   3,800 0 0
DUCOMMUN INC DEL COM COM 264147109 3,617 125,642 SH   SOLE   125,642 0 0
DXP ENTERPRISES INC NEW COM NE COM 233377407 462 12,200 SH   SOLE   12,200 0 0
DYCOM INDUSTRIES, INC. 0.750 CONVERTIBLE BOND 267475AB7 235 200,000 PRN   SOLE   200,000 0 0
EASTERN CO COM COM 276317104 7,578 353,269 SH   SOLE   353,269 0 0
EDGEWATER TECHNOLOGY INC COM COM 280358102 5,256 705,520 SH   SOLE   705,520 0 0
ELDORADO RESORTS INC COM COM 28470R102 1,495 79,000 SH   SOLE   79,000 0 0
ELECTRO SCIENTIFIC INDS INC CO COM 285229100 1,066 152,939 SH   SOLE   116,589 0 36,350
ELECTROMED INC COM COM 285409108 526 106,654 SH   SOLE   106,654 0 0
EMCOR GROUP INC COM COM 29084Q100 1,177 18,700 SH   SOLE   7,600 0 11,100
ENERGY RECOVERY INC COM 29270J100 566 68,000 SH   SOLE   68,000 0 0
ENERNOC, INC. 2.250 08/15/19 CONVERTIBLE BOND 292764AB3 248 300,000 PRN   SOLE   300,000 0 0
ENTEGRIS INC COM COM 29362U104 7,102 303,500 SH   SOLE   232,500 0 71,000
ENTERCOM COMMUNICATIONS CORPCL COM 293639100 1,197 83,700 SH   SOLE   83,700 0 0
ENTRAVISION COMM CORP CL A COM 29382R107 5,076 818,763 SH   SOLE   818,763 0 0
EQUITY COMWLTH COM SH BEN INT COM 294628102 281 9,000 SH   SOLE   5,100 0 3,900
ETHAN ALLEN INTERIORS INC COM COM 297602104 1,760 57,412 SH   SOLE   39,912 0 17,500
EVINE LIVE INC COM 300487105 409 319,200 SH   SOLE   319,200 0 0
EXACTECH INC COM COM 30064E109 5,858 232,473 SH   SOLE   232,473 0 0
EXAR CORP COM COM 300645108 1,301 100,000 SH   SOLE   100,000 0 0
EXELIXIS INC COM COM 30161Q104 4,117 190,000 SH   SOLE   190,000 0 0
EXTREME NETWORKS INC COM COM 30226D106 3,465 461,400 SH   SOLE   361,400 0 100,000
F N B CORP PA COM COM 302520101 1,124 75,600 SH   SOLE   75,600 0 0
FALCONSTOR SOFTWARE INC COM COM 306137100 296 745,000 SH   SOLE   745,000 0 0
FARMER BROS CO COM 307675108 7,283 206,013 SH   SOLE   206,013 0 0
FARMERS NATL BANC CORP COM COM 309627107 574 40,000 SH   SOLE   40,000 0 0
FARO TECHNOLOGIES INC COM COM 311642102 740 20,700 SH   SOLE   6,700 0 14,000
FEDERAL SIGNAL CORP COM COM 313855108 10,219 740,000 SH   SOLE   740,000 0 0
FERRO CORP COM 315405100 18,187 1,197,300 SH   SOLE   1,197,300 0 0
FIDELITY SOUTHERN CORP COM 316394105 256 11,418 SH   SOLE   11,418 0 0
FIRST INTERNET BANCORP COM COM 320557101 944 32,000 SH   SOLE   32,000 0 0
FLOTEK INDS INC DEL COM COM 343389102 395 30,904 SH   SOLE   30,904 0 0
FLUSHING FINL CORP COM COM 343873105 16,121 599,970 SH   SOLE   599,970 0 0
FORMFACTOR INC COM COM 346375108 6,805 574,234 SH   SOLE   480,898 0 93,336
FOSTER L B CO COM COM 350060109 1,175 94,000 SH   SOLE   94,000 0 0
FREQUENCY ELECTRS INC COM COM 358010106 220 20,000 SH   SOLE   20,000 0 0
FRP HLDGS INC COM COM 30292L107 980 24,500 SH   SOLE   24,500 0 0
FTI CONSULTING INC COM COM 302941109 1,427 34,668 SH   SOLE   13,750 0 20,918
FULL HOUSE RESORTS INC COM COM 359678109 1,215 500,000 SH   SOLE   500,000 0 0
GAS NAT INC COM COM 367204104 445 35,000 SH   SOLE   35,000 0 0
GENCOR INDS INC COM COM 368678108 8,290 554,500 SH   SOLE   554,500 0 0
GENESIS HEALTHCARE INC CL A CO COM 37185X106 132 50,000 SH   SOLE   50,000 0 0
GENIUS BRANDS INTERN COM 37229T301 52 14,000 SH   SOLE   14,000 0 0
GENTHERM INC COM COM 37253A103 526 13,400 SH   SOLE   13,400 0 0
GIBRALTER INDUSTRIES INC COM 374689107 5,809 141,000 SH   SOLE   141,000 0 0
GLACIER BANCORP INC NEW COM COM 37637Q105 862 25,400 SH   SOLE   7,900 0 17,500
GLOBAL SOURCES LTD COM COM G39300101 3,899 472,642 SH   SOLE   472,642 0 0
GOLDEN ENTERTAINMENT INC COM 381013101 6,915 522,656 SH   SOLE   522,656 0 0
GORMAN RUPP CO COM 383082104 3,862 123,000 SH   SOLE   123,000 0 0
GP STRATEGIES CORP COM COM 36225V104 2,562 101,271 SH   SOLE   101,271 0 0
GRAHAM CORP COM COM 384556106 796 34,600 SH   SOLE   34,600 0 0
GRAY TELEVISION, INC COM 389375106 3,734 257,500 SH   SOLE   257,500 0 0
GRAY TELEVISION, INC CL A COM 389375205 1,065 80,042 SH   SOLE   80,042 0 0
GREENBRIER COS INC COM 393657101 1,724 40,000 SH   SOLE   40,000 0 0
GRIFFIN INDUSTRIAL REALTY IN COM 398231100 7,869 254,260 SH   SOLE   254,260 0 0
GRIFFON CORP COM COM 398433102 10,420 422,703 SH   SOLE   422,703 0 0
GSE SYS INC COM COM 36227K106 68 20,000 SH   SOLE   20,000 0 0
GUIDANCE SOFTWARE INC COM COM 401692108 2,125 360,105 SH   SOLE   360,105 0 0
GULFPORT ENERGY CORP COM NEW COM 402635304 904 52,600 SH   SOLE   24,900 0 27,700
GYRODYNE LLC COM COM 403829104 262 12,638 SH   SOLE   12,638 0 0
HAIN CELESTIAL GROUP INC COM 405217100 2,976 80,000 SH   SOLE   80,000 0 0
HALLMARK FINL SVCS INC ECCOM N COM 40624Q203 2,032 183,860 SH   SOLE   183,860 0 0
HANCOCK HOLDING CO COM 410120109 683 15,000 SH   SOLE   15,000 0 0
HANDY & HARMAN HOLDINGS LTD COM 410315105 465 17,095 SH   SOLE   17,095 0 0
HANESBRANDS INC COM COM 410345102 293 14,091 SH   SOLE   7,991 0 6,100
HAVERTY FURNITURE INC COM COM 419596101 543 22,300 SH   SOLE   10,300 0 12,000
HAWKINS INC COM COM 420261109 6,566 134,000 SH   SOLE   134,000 0 0
HAYNES INTERNATIONAL INC COM 420877201 1,144 30,000 SH   SOLE   30,000 0 0
HC2 HLDGS INC COM COM 404139107 4,428 714,117 SH   SOLE   714,117 0 0
HEADWATERS INC COM COM 42210P102 3,172 135,100 SH   SOLE   135,100 0 0
HERC HLDGS INC COM COM 42704L104 611 12,500 SH   SOLE   12,500 0 0
HERITAGE COMMERCE CORP COM COM 426927109 436 30,900 SH   SOLE   30,900 0 0
HESKA CORPORATION COM NEW COM 42805E306 1,312 12,500 SH   SOLE   12,500 0 0
HEXCEL CORP NEW COM COM 428291108 628 11,504 SH   SOLE   5,304 0 6,200
HOMESTREET INC COM COM 43785V102 839 30,000 SH   SOLE   30,000 0 0
HOPE BANCORP INC COM COM 43940T109 1,704 88,896 SH   SOLE   88,896 0 0
HUDSON TECHNOLOGIES INC COM COM 444144109 711 107,700 SH   SOLE   107,700 0 0
HUTTIG BLDG PRODS INC COM COM 448451104 7,049 866,000 SH   SOLE   866,000 0 0
ICC HOLDINGS INC COM 44931Q104 411 25,000 SH   SOLE   25,000 0 0
ICF INTL INC COM COM 44925C103 962 23,300 SH   SOLE   23,300 0 0
ICU MEDICAL INC COM 44930G107 1,178 7,714 SH   SOLE   5,622 0 2,092
IMAX CORP COM COM 45245E109 1,054 31,000 SH   SOLE   31,000 0 0
INFINERA CORPORATION COM COM 45667G103 697 68,100 SH   SOLE   29,800 0 38,300
INFUSYSTEM HLDGS INC COM COM 45685K102 1,387 603,135 SH   SOLE   603,135 0 0
INGLES MKTS INC CL A COM 457030104 7,249 168,000 SH   SOLE   168,000 0 0
INNOPHOS HOLDINGS INC COM COM 45774N108 378 7,000 SH   SOLE   7,000 0 0
INNOVATIVE SOLUTIONS & SUPPOCO COM 45769N105 371 123,000 SH   SOLE   123,000 0 0
INSIGNIA SYS INC COM COM 45765Y105 469 314,509 SH   SOLE   314,509 0 0
INTEGER HOLDINGS CORP COM 45826H109 925 23,000 SH   SOLE   23,000 0 0
INTERDIGITAL INC 1.5 3/1/20 CONVERTIBLE BOND 458660AD9 261 200,000 PRN   SOLE   200,000 0 0
INTERNAP NETWORK SVCS CORP COM COM 45885A300 5,208 1,400,000 SH   SOLE   1,400,000 0 0
INTEVAC INC COM COM 461148108 2,900 232,030 SH   SOLE   232,030 0 0
INTRICON CORP COM COM 46121H109 1,625 178,617 SH   SOLE   178,617 0 0
INVENTURE FOODS INC COM 461212102 1,923 435,172 SH   SOLE   435,172 0 0
INVESTORS BANCORP INC COM 46146L101 1,482 103,046 SH   SOLE   44,250 0 58,796
INVITAE CORP COM COM 46185L103 564 51,000 SH   SOLE   51,000 0 0
IPHI 1 1/8 12/1/20 CONVERTIBLE BOND 45772FAB3 276 200,000 PRN   SOLE   200,000 0 0
IRIDIUM COMMUNICATIONS INC COM COM 46269C102 193 20,000 SH   SOLE   20,000 0 0
ITERIS INC COM 46564T107 109 20,000 SH   SOLE   20,000 0 0
IXIA COM COM 45071R109 5,895 300,000 SH   SOLE   300,000 0 0
IXYS CORP DEL COM COM 46600W106 1,363 93,700 SH   SOLE   93,700 0 0
J & J SNACK FOODS CORP COM 466032109 203 1,500 SH   SOLE   1,500 0 0
JA SOLAR HOLDINGS CO LTD SPON COM 466090206 256 39,200 SH   SOLE   39,200 0 0
JAMBA INC COM NEW COM 47023A309 465 51,352 SH   SOLE   51,352 0 0
JASON INDS INC COM COM 471172106 30 20,000 SH   SOLE   20,000 0 0
JOHN BEAN TECHNOLOGIES CORP CO COM 477839104 7,709 87,649 SH   SOLE   87,649 0 0
JOHNSON OUTDOORS INC CL A COM 479167108 365 10,000 SH   SOLE   10,000 0 0
K2M GROUP HLDGS INC COM COM 48273J107 205 10,000 SH   SOLE   10,000 0 0
KAMAN CORP COM 483548103 9,496 197,301 SH   SOLE   197,301 0 0
KAR AUCTION SVCS INC COM COM 48238T109 1,615 36,979 SH   SOLE   36,979 0 0
KEARNY FINL CORP MD COM COM 48716P108 224 14,900 SH   SOLE   14,900 0 0
KEY TECHNOLOGY INC COM COM 493143101 1,732 130,607 SH   SOLE   130,607 0 0
KIMBALL ELECTRONICS INC COM COM 49428J109 2,882 170,000 SH   SOLE   170,000 0 0
KIMBALL INTL INC CL B COM 494274103 10,395 630,000 SH   SOLE   630,000 0 0
KINDER MORGAN INC WT EXP 05/25 WARRANT AND RIGH 49456B119 4 360,000 SH   SOLE   360,000 0 0
KKR & CO. L.P COM 48248M102 1,656 90,843 SH   SOLE   90,843 0 0
KOPIN CORP COM COM 500600101 759 185,000 SH   SOLE   185,000 0 0
LA Z BOY CHAIR CO COM 505336107 1,593 59,000 SH   SOLE   59,000 0 0
LAKELAND INDS INC. COM 511795106 123 11,400 SH   SOLE   11,400 0 0
LANDAUER INC COM 51476K103 390 8,000 SH   SOLE   8,000 0 0
LANDS END INC NEW COM COM 51509F105 1,480 69,000 SH   SOLE   69,000 0 0
LAWSON PRODS INC COM COM 520776105 5,943 264,714 SH   SOLE   264,714 0 0
LAYNE CHRISTENSEN CO COM COM 521050104 1,989 225,000 SH   SOLE   225,000 0 0
LEGACY TEX FINL GROUP INC COM COM 52471Y106 2,382 59,700 SH   SOLE   19,800 0 39,900
LENDING TREE INC. COM 52603B107 2,469 19,700 SH   SOLE   19,700 0 0
LIFEWAY FOODS INC COM COM 531914109 1,666 155,300 SH   SOLE   155,300 0 0
LIMONEIRA CO COM COM 532746104 2,856 136,590 SH   SOLE   136,590 0 0
LINDSAY CORP COM 535555106 1,336 15,164 SH   SOLE   15,164 0 0
LITHIA MOTORS INC. COM 536797103 2,330 27,200 SH   SOLE   27,200 0 0
LSB INDS INC COM COM 502160104 797 85,000 SH   SOLE   85,000 0 0
LYDALL INC COM COM 550819106 5,920 110,449 SH   SOLE   110,449 0 0
MACQUARIE INFRASTRUCTURE COMPA COM 55608B105 1,289 16,000 SH   SOLE   16,000 0 0
MARCUS CORP COM COM 566330106 11,871 369,812 SH   SOLE   369,812 0 0
MARINE PRODS CORP COM COM 568427108 8,750 805,000 SH   SOLE   805,000 0 0
MARINEMAX INC COM COM 567908108 281 13,000 SH   SOLE   13,000 0 0
MARVELL TECHNOLOGY GRP LTD COM G5876H105 954 62,500 SH   SOLE   28,300 0 34,200
MATADOR RES CO COM COM 576485205 930 39,100 SH   SOLE   17,500 0 21,600
MATERIALISE NV SPONSORED ADS COM 57667T100 91 10,000 SH   SOLE   10,000 0 0
MATERION CORPORATION COM 576690101 5,898 175,800 SH   SOLE   175,800 0 0
MATTHEWS INTL CORP CL A COM 577128101 308 4,560 SH   SOLE   4,560 0 0
MCGRATH RENTCORP COM COM 580589109 1,615 48,100 SH   SOLE   29,100 0 19,000
MDC PARTNERS INC-A COM 552697104 1,081 115,000 SH   SOLE   115,000 0 0
MEDALLION FINANCIAL CORP COM 583928106 277 140,000 SH   SOLE   140,000 0 0
MERCADOLIBRE, INC. 2.250 07/0 CONVERTIBLE BOND 58733RAB8 261 150,000 PRN   SOLE   150,000 0 0
MERCURY COMPUTER SYS INC COM COM 589378108 1,386 35,500 SH   SOLE   35,500 0 0
MERIDIAN BIOSCIENCE INC COM COM 589584101 2,139 155,000 SH   SOLE   155,000 0 0
MESA LABS INC COM COM 59064R109 4,209 34,300 SH   SOLE   34,300 0 0
METHODE ELECTRS INC CL A COM 591520200 1,541 33,800 SH   SOLE   33,800 0 0
MGE ENERGY INC COM 55277P104 2,340 36,000 SH   SOLE   36,000 0 0
MGP INGREDIENTS INC NEW COM COM 55303J106 3,899 71,900 SH   SOLE   71,900 0 0
MICRON TECHNOLOGY, INC. 3.000 CONVERTIBLE BOND 595112AY9 224 200,000 PRN   SOLE   200,000 0 0
MIDDLEBY CORP COM COM 596278101 6,058 44,400 SH   SOLE   44,400 0 0
MIDDLESEX WTR CO COM COM 596680108 1,106 29,933 SH   SOLE   29,933 0 0
MINERALS TECHNOLOGIES INC COM 603158106 314 4,100 SH   SOLE   4,100 0 0
MITEK SYS INC COM NEW COM 606710200 449 67,500 SH   SOLE   67,500 0 0
MITEL NETWORKS CORP COM COM 60671Q104 379 54,700 SH   SOLE   24,900 0 29,800
MOCON INC COM COM 607494101 9,298 424,587 SH   SOLE   424,587 0 0
MODINE MFG CO COM 607828100 3,985 326,600 SH   SOLE   326,600 0 0
MODUSLINK GLOBAL SOLUTIONS I COM 60786L206 2,970 1,650,000 SH   SOLE   1,650,000 0 0
MONEYGRAM INTERNATIONAL INC CO COM 60935Y208 168 10,000 SH   SOLE   10,000 0 0
MOTORCAR PTS & ACCESSORS INCCO COM 620071100 738 24,000 SH   SOLE   24,000 0 0
MOVADO GROUP INC COM COM 624580106 374 15,000 SH   SOLE   15,000 0 0
MSA SAFETY INC COM COM 553498106 672 9,500 SH   SOLE   9,500 0 0
MTS SYS CORP COM COM 553777103 303 5,502 SH   SOLE   5,502 0 0
MUELLER WATER PRODUCTS INC COM 624758108 591 50,000 SH   SOLE   50,000 0 0
MVC CAP COM COM 553829102 1,207 134,300 SH   SOLE   134,300 0 0
MYERS INDS INC COM 628464109 9,714 612,900 SH   SOLE   612,900 0 0
MYR GROUP INC DEL COM COM 55405W104 5,645 137,674 SH   SOLE   116,374 0 21,300
MYRIAD GENETICS INC COM COM 62855J104 359 18,700 SH   SOLE   10,300 0 8,400
NAPCO SEC SYS INC COM COM 630402105 2,581 253,011 SH   SOLE   253,011 0 0
NATHANS FAMOUS INC NEW COM COM 632347100 12,820 204,634 SH   SOLE   204,634 0 0
NAUTILUS INC COM 63910B102 1,935 106,031 SH   SOLE   106,031 0 0
NAVIGATOR HOLDINGS LTD SHS COM Y62132108 2,063 150,000 SH   SOLE   150,000 0 0
NAVIGATORS GROUP INC COM COM 638904102 272 5,010 SH   SOLE   0 0 5,010
NAVISTAR INTL CORP COM COM 63934E108 492 20,000 SH   SOLE   20,000 0 0
NEOGEN CORP COM COM 640491106 8,046 122,750 SH   SOLE   122,750 0 0
NEOGENOMICS INC COM NEW COM 64049M209 1,431 181,407 SH   SOLE   181,407 0 0
NETSCOUT SYS INC COM COM 64115T104 1,820 47,950 SH   SOLE   17,000 0 30,950
NEWPARK RES INC COM PAR$0.01NE COM 651718504 194 23,900 SH   SOLE   23,900 0 0
NII HLDGS INC COM PAR $0.001 COM 62913F508 260 200,219 SH   SOLE   200,219 0 0
NUTRACEUTICAL INTL CORP COM COM 67060Y101 5,607 180,000 SH   SOLE   180,000 0 0
NUVA 2 1/4 12/31/21 CONVERTIBLE BOND 670704AG0 205 150,000 PRN   SOLE   150,000 0 0
OAKTREE CAP GROUP LLC UNIT CL UNITS 674001201 608 13,430 SH   SOLE   5,330 0 8,100
OCEANFIRST FINL CORP COM COM 675234108 692 24,550 SH   SOLE   24,550 0 0
OFG BANCORP COM 67103X102 238 20,150 SH   SOLE   20,150 0 0
OIL DRI CORP AMER COM COM 677864100 4,782 128,300 SH   SOLE   128,300 0 0
OMEGA PROTEIN CORP COM COM 68210P107 876 43,700 SH   SOLE   43,700 0 0
OMNICELL INC COM COM 68213N109 2,548 62,677 SH   SOLE   50,162 0 12,515
OMNOVA SOLUTIONS INC COM COM 682129101 2,574 260,000 SH   SOLE   260,000 0 0
ON SEMICONDUCTOR CORP COM COM 682189105 2,078 134,120 SH   SOLE   48,600 0 85,520
OPKO HEALTH INC COM COM 68375N103 1,904 238,000 SH   SOLE   238,000 0 0
ORBCOMM INC COM COM 68555P100 4,979 521,335 SH   SOLE   521,335 0 0
ORITANI FINL CORP DEL COM COM 68633D103 981 57,692 SH   SOLE   47,000 0 10,692
ORTHOFIX INTL N V ORD COM N6748L102 1,724 45,200 SH   SOLE   45,200 0 0
PAIN THERAPEUTICS INC COM COM 69562K100 40 45,000 SH   SOLE   45,000 0 0
PARAMOUNT GROUP INC COM COM 69924R108 211 13,000 SH   SOLE   5,700 0 7,300
PARK ELECTROCHEMICAL CORP COM COM 700416209 2,349 131,528 SH   SOLE   131,528 0 0
PARK OHIO HLDGS CORP COM COM 700666100 6,162 171,400 SH   SOLE   171,400 0 0
PATRIOT TRAMSPORTATION HOLDING COM 70338W105 341 15,000 SH   SOLE   15,000 0 0
PATTERSON COMPANIES INC COM 703395103 1,330 29,404 SH   SOLE   12,591 0 16,813
PATTERSON-UTI ENERGY INC COM COM 703481101 1,353 55,746 SH   SOLE   22,700 0 33,046
PFSWEB INC COM NEW COM 717098206 1,851 283,441 SH   SOLE   283,441 0 0
PIER 1 IMPORTS INC SHS BEN INT COM 720279108 200 28,000 SH   SOLE   28,000 0 0
PLANTRONICS COM 727493108 985 18,200 SH   SOLE   6,500 0 11,700
POWELL INDS INC COM COM 739128106 692 20,103 SH   SOLE   20,103 0 0
PREFORMED LINE PRODS CO COM COM 740444104 302 5,788 SH   SOLE   5,788 0 0
PRG-SCHULTZ INTERNATIONAL INCO COM 69357C503 1,013 158,259 SH   SOLE   158,259 0 0
PROGRESS SOFTWARE CORP COM COM 743312100 1,196 41,158 SH   SOLE   16,100 0 25,058
PROOFPOINT, INC. 0.750 06/15/ CONVERTIBLE BOND 743424AD5 228 200,000 PRN   SOLE   200,000 0 0
PTC INC COM COM 69370C100 875 16,646 SH   SOLE   3,900 0 12,746
PZENA INVESTMENT MGMT INC CLAS COM 74731Q103 1,574 160,000 SH   SOLE   160,000 0 0
QUIDEL CORP COM COM 74838J101 3,329 147,061 SH   SOLE   147,061 0 0
QUIDEL CORP. 3.250 02/15/20 CONVERTIBLE BOND 74838JAA9 205 200,000 PRN   SOLE   200,000 0 0
QUMU CORP COM COM 749063103 537 190,389 SH   SOLE   190,389 0 0
RAVEN INDS INC COM COM 754212108 729 25,080 SH   SOLE   25,080 0 0
READING INTERNATIONAL INC CL B COM 755408200 1,204 70,804 SH   SOLE   70,804 0 0
READING INTL INC CL A COM 755408101 5,651 363,623 SH   SOLE   363,623 0 0
RENASANT CORP COM COM 75970E107 1,467 36,971 SH   SOLE   36,971 0 0
RGC RES INC COM COM 74955L103 1,449 65,850 SH   SOLE   65,850 0 0
RH COM COM 74967X103 717 15,500 SH   SOLE   7,400 0 8,100
RLJ ENTMT INC COM NEW COM 74965F203 807 325,400 SH   SOLE   325,400 0 0
RPC INC. COMMON COM 749660106 1,602 87,500 SH   SOLE   87,500 0 0
RTI BIOLOGICS INC COM COM 74975N105 264 66,000 SH   SOLE   66,000 0 0
RUBICON PROJ INC COM COM 78112V102 71 12,100 SH   SOLE   12,100 0 0
RUSH ENTERPRISES INC CL A COM 781846209 1,968 59,505 SH   SOLE   52,005 0 7,500
RUSH ENTERPRISES INC CL B COM 781846308 3,243 104,005 SH   SOLE   104,005 0 0
RYMAN HOSPITALITY PPTYS INC CO COM 78377T107 618 10,000 SH   SOLE   10,000 0 0
SAFEGUARD SCIENTIFICS INC COM COM 786449207 883 69,524 SH   SOLE   69,524 0 0
SALEM COMMUNICATIONS CORP DECL COM 794093104 4,619 620,008 SH   SOLE   620,008 0 0
SANFILIPPO JOHN B & SON INC CO COM 800422107 1,649 22,531 SH   SOLE   22,531 0 0
SANOFI-AVENTIS-CVR WARRANT AND RIGH 80105N113 180 400,000 SH   SOLE   400,000 0 0
SCHMITT INDS INC ORE COM NEW COM 806870200 131 82,000 SH   SOLE   82,000 0 0
SCHULMAN A INC COM COM 808194104 2,154 68,500 SH   SOLE   51,100 0 17,400
SCIENTIFIC GAMES CORP CL A COM 80874P109 3,902 165,000 SH   SOLE   165,000 0 0
SCRIPPS E W CO OHIO CL A COM 811054402 21,238 906,048 SH   SOLE   906,048 0 0
SEQUENTIAL BRNDS GROUP INC NEW COM 81734P107 39 10,000 SH   SOLE   10,000 0 0
SEVCON INC COM 81783K108 7,572 518,604 SH   SOLE   518,604 0 0
SHENANDOAH TELECOMMUNICATIONCD COM 82312B106 13,520 482,000 SH   SOLE   482,000 0 0
SHILOH INDS INC COM COM 824543102 995 73,000 SH   SOLE   73,000 0 0
SILVERCREST ASSET MGMT GROUPCL COM 828359109 1,131 85,000 SH   SOLE   85,000 0 0
SINCLAIR BROADCAST GROUP INCCL COM 829226109 1,337 33,000 SH   SOLE   33,000 0 0
SJW GROUP COM 784305104 4,851 100,606 SH   SOLE   100,606 0 0
SKYLINE CORP COM 830830105 457 48,500 SH   SOLE   48,500 0 0
SNYDERS LANCE INC COM COM 833551104 9,820 243,600 SH   SOLE   243,600 0 0
SONIC AUTOMOTIVE INC CL A COM 83545G102 1,333 66,500 SH   SOLE   66,500 0 0
SOUTH ST CORP COM COM 840441109 268 2,995 SH   SOLE   2,995 0 0
SOUTHWEST BANCORP INC OKLA COM COM 844767103 970 37,094 SH   SOLE   28,394 0 8,700
SPARTANNASH CO COM COM 847215100 210 6,000 SH   SOLE   6,000 0 0
SPWR 4 1/15/23 CONVERTIBLE BOND 867652AL3 239 300,000 PRN   SOLE   300,000 0 0
STANDARD MTR PRODS INC CLASS A COM 853666105 6,005 122,200 SH   SOLE   122,200 0 0
STANDEX INTL CORP COM 854231107 2,804 28,000 SH   SOLE   28,000 0 0
STANLEY FURNITURE INC COM NEW COM 854305208 20 25,000 SH   SOLE   25,000 0 0
STARRETT L S CO CL A COM 855668109 3,598 342,677 SH   SOLE   342,677 0 0
STATE BK FINL CORP COM COM 856190103 1,063 40,700 SH   SOLE   30,300 0 10,400
STEEL PARTNERS HLDGS L P COM 85814R107 11,847 617,046 SH   SOLE   617,046 0 0
STERIS PLC SHARES COM G84720104 243 3,500 SH   SOLE   3,500 0 0
STERLING BANCORP/DE COM 85917A100 3,399 143,409 SH   SOLE   143,409 0 0
STIFEL FINL CORP COM COM 860630102 880 17,532 SH   SOLE   5,500 0 12,032
STONERIDGE INC COM 86183P102 5,058 278,824 SH   SOLE   278,824 0 0
STRATASYS LTD SHS COM M85548101 850 41,500 SH   SOLE   24,500 0 17,000
STRATTEC SECURITY CORP. COM 863111100 4,926 177,200 SH   SOLE   177,200 0 0
SUNOPTA INC COM COM 8676EP108 2,166 311,664 SH   SOLE   311,664 0 0
SUPERIOR INDS INTL INC COM 868168105 12,041 475,000 SH   SOLE   475,000 0 0
SURMODICS INC COM COM 868873100 6,657 276,792 SH   SOLE   276,792 0 0
SVB FINL GROUP COM COM 78486Q101 325 1,745 SH   SOLE   148 0 1,597
SYNERON MEDICAL LTD ORD SHS COM M87245102 1,068 101,249 SH   SOLE   101,249 0 0
TEAM INC COM COM 878155100 4,701 173,800 SH   SOLE   173,800 0 0
TEJON RANCH CO DEL COM COM 879080109 2,933 134,000 SH   SOLE   134,000 0 0
TENNANT CO COM 880345103 3,582 49,300 SH   SOLE   49,300 0 0
TENNECO INC COM 880349105 2,310 37,000 SH   SOLE   37,000 0 0
TESCO CORP COM COM 88157K101 466 57,900 SH   SOLE   57,900 0 0
TETRAPHASE PHARMACEUTICALS ICO COM 88165N105 276 30,000 SH   SOLE   30,000 0 0
THESTREET INC COM 88368Q103 53 70,000 SH   SOLE   70,000 0 0
TIMKENSTEEL CORP COM COM 887399103 1,399 74,000 SH   SOLE   74,000 0 0
TITAN INTL INC ILL COM COM 88830M102 362 35,000 SH   SOLE   35,000 0 0
TITAN MACHY INC COM COM 88830R101 1,794 116,933 SH   SOLE   116,933 0 0
TOWER INTL INC COM COM 891826109 906 33,425 SH   SOLE   33,425 0 0
TOWNSQUARE MEDIA INC CL A COM 892231101 1,145 94,000 SH   SOLE   94,000 0 0
TRANSACT TECHNOLOGIES INC COM COM 892918103 1,079 133,200 SH   SOLE   133,200 0 0
TREDEGAR INDS INC COM 894650100 6,709 382,260 SH   SOLE   382,260 0 0
TRINITY BIOTECH PLC SPON ADR N COM 896438306 1,376 230,930 SH   SOLE   230,930 0 0
TRISTATE CAP HLDGS INC COM COM 89678F100 234 10,000 SH   SOLE   10,000 0 0
TRONC INC COM COM 89703P107 365 26,257 SH   SOLE   26,257 0 0
TRUSTCO BK CORP N Y COM COM 898349105 510 65,000 SH   SOLE   65,000 0 0
TUESDAY MORNING CORP COM NEW COM 899035505 53 14,000 SH   SOLE   14,000 0 0
TWIN DISC INC COM COM 901476101 6,913 336,069 SH   SOLE   336,069 0 0
TYLER TECHNOLOGIES INC COM COM 902252105 526 3,400 SH   SOLE   3,400 0 0
ULTRA CLEAN HLDGS INC COM COM 90385V107 2,649 157,000 SH   SOLE   157,000 0 0
ULTRALIFE BATTERIES INC COM COM 903899102 136 25,000 SH   SOLE   25,000 0 0
ULTRATECH INC COM COM 904034105 2,947 99,500 SH   SOLE   99,500 0 0
UMPQUA HLDGS CORP COM COM 904214103 371 20,886 SH   SOLE   14,250 0 6,636
UNITED FINANCIAL BANCORP INC COM 910304104 2,854 167,800 SH   SOLE   149,600 0 18,200
UNITED GUARDIAN INC COM COM 910571108 1,149 77,400 SH   SOLE   77,400 0 0
UNITED NAT FOODS INC COM COM 911163103 987 22,836 SH   SOLE   9,836 0 13,000
UNIVERSAL TECHNICAL INST INCCO COM 913915104 276 80,000 SH   SOLE   80,000 0 0
UTAH MED PRODS INC COM COM 917488108 322 5,174 SH   SOLE   5,174 0 0
VALUE LINE INC COM 920437100 569 33,089 SH   SOLE   33,089 0 0
VERSUM MATLS INC COM COM 92532W103 624 20,388 SH   SOLE   8,412 0 11,976
VIAD CORP COM NEW COM 92552R406 1,685 37,282 SH   SOLE   37,282 0 0
VICOR CORP COM COM 925815102 1,115 69,232 SH   SOLE   69,232 0 0
VIDEOCON D2H LTD ADR COM 92657J101 479 41,675 SH   SOLE   41,675 0 0
VILLAGE SUPER MKT INC CL A NEW COM 927107409 1,128 42,581 SH   SOLE   42,581 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 200 12,145 SH   SOLE   5,250 0 6,895
VSI 2 1/4 12/01/20 CONVERTIBLE BOND 92849EAB7 171 200,000 PRN   SOLE   200,000 0 0
WABASH NATL CORP COM COM 929566107 1,448 70,000 SH   SOLE   70,000 0 0
WASHINGTON FED INC COM 938824109 909 27,450 SH   SOLE   8,900 0 18,550
WASHINGTON TR BANCORP COM COM 940610108 2,959 60,020 SH   SOLE   49,900 0 10,120
WATERSTONE FINL INC MD COM COM 94188P101 1,790 98,100 SH   SOLE   88,000 0 10,100
WESTERN NEW ENGLAND BANCORP COM 958892101 915 87,100 SH   SOLE   87,100 0 0
WILLAMETTE VY VINEYARD INC COM COM 969136100 184 23,000 SH   SOLE   23,000 0 0
WINDSTREAM HLDGS INC COM NEW COM 97382A200 2,877 527,914 SH   SOLE   527,914 0 0
WINNEBAGO INDS INC COM COM 974637100 1,784 61,000 SH   SOLE   61,000 0 0
WOODWARD INC COM 980745103 370 5,450 SH   SOLE   3,400 0 2,050
WORLD WRESTLING ENTERTAINMENT COM 98156Q108 755 34,000 SH   SOLE   34,000 0 0
XENITH BANKSHARES INC NEW COM 984102202 444 17,512 SH   SOLE   17,512 0 0
XO GROUP INC COM COM 983772104 1,291 74,991 SH   SOLE   74,991 0 0
YORK WTR CO COM COM 987184108 1,543 44,037 SH   SOLE   44,037 0 0
ZAGG INC COM COM 98884U108 638 88,600 SH   SOLE   88,600 0 0