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
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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
A. Schulman Inc COM 808194104 1,258 36,846 SH   SOLE   27,876 0 8,970
ARC Document Solutions COM 00191G103 2,937 717,981 SH   SOLE   568,914 0 149,067
ASV Holdings LLC COM 00215L104 2,255 277,310 SH   SOLE   219,600 0 57,710
AXT Inc COM 00246W103 6,535 714,174 SH   SOLE   565,524 0 148,650
Acacia Research Corp COM 003881307 4,120 905,565 SH   SOLE   710,965 0 194,600
Actuant Corp Cls A COM 00508X203 748 29,220 SH   SOLE   22,110 0 7,110
Altisource Residential Corp Re COM 02153W100 1,057 95,160 SH   SOLE   72,040 0 23,120
American River Bankshares COM 029326105 3,525 254,689 SH   SOLE   201,813 0 52,876
American Software, Inc COM 029683109 795 69,950 SH   SOLE   52,940 0 17,010
Amtech Systems COM 032332504 4,531 378,214 SH   SOLE   299,508 0 78,706
Asure Software COM 04649U102 4,593 369,777 SH   SOLE   291,407 0 78,370
Atlantic Capital Bank COM 048269203 2,703 148,924 SH   SOLE   118,011 0 30,913
Atlas Financial Holdings COM G06207115 2,578 136,390 SH   SOLE   108,000 0 28,390
BG Staffing COM 05544A109 4,331 261,668 SH   SOLE   207,200 0 54,468
Banc of California Inc COM 05990K106 1,165 56,140 SH   SOLE   42,470 0 13,670
Bank of Commerce Hlds COM 06424J103 3,713 322,876 SH   SOLE   255,846 0 67,030
Barrett Business Services Inc COM 068463108 5,407 95,653 SH   SOLE   74,852 0 20,801
Big 5 Sporting Goods Corp COM 08915P101 3,598 470,385 SH   SOLE   367,401 0 102,984
Blucora Inc COM 095229100 993 39,250 SH   SOLE   29,710 0 9,540
Bofi Holding, INC. COM 05566U108 1,879 65,990 SH   SOLE   49,950 0 16,040
Build A Bear Workshop COM 120076104 4,344 474,755 SH   SOLE   373,304 0 101,451
CAI International Inc COM 12477X106 7,230 238,443 SH   SOLE   187,515 0 50,928
CRH Medical COM 12626F105 3,311 1,273,644 SH   SOLE   996,082 0 277,562
CTS Corp COM 126501105 558 23,140 SH   SOLE   17,510 0 5,630
Caleres Inc COM 129500104 1,610 52,750 SH   SOLE   39,930 0 12,820
Care Trust REIT Inc COM 14174T107 1,002 52,632 SH   SOLE   39,852 0 12,780
Citi Trends Inc COM 17306X102 1,090 54,880 SH   SOLE   41,540 0 13,340
Cohu Inc COM 192576106 4,815 201,984 SH   SOLE   159,938 0 42,046
Columbus McKinnon Corp COM 199333105 5,564 146,933 SH   SOLE   115,117 0 31,816
Comfort Systems USA Inc COM 199908104 1,348 37,760 SH   SOLE   28,580 0 9,180
Comtech Telecommunications Cor COM 205826209 6,017 293,103 SH   SOLE   232,103 0 61,000
ConnectOne Bancorp COM 20786W107 1,711 69,550 SH   SOLE   52,630 0 16,920
Cra Intl Inc COM 12618T105 3,489 84,986 SH   SOLE   67,340 0 17,646
Customers Bancorp COM 23204G100 1,940 59,470 SH   SOLE   45,000 0 14,470
DMC Global Inc COM 23291C103 4,968 293,987 SH   SOLE   232,797 0 61,190
DXP Enterprises, Inc COM 233377407 880 27,940 SH   SOLE   21,140 0 6,800
Daktronics, Inc COM 234264109 1,050 99,380 SH   SOLE   75,230 0 24,150
Donegal Group Inc COM 257701201 505 31,326 SH   SOLE   23,736 0 7,590
Douglas Dynamics Inc COM 25960R105 908 23,050 SH   SOLE   17,460 0 5,590
EPlus Inc COM 294268107 813 8,790 SH   SOLE   6,650 0 2,140
Ennis Inc COM 293389102 1,412 71,870 SH   SOLE   54,370 0 17,500
Ensign Group Inc COM 29358P101 1,025 45,370 SH   SOLE   34,350 0 11,020
Esquire Financial Hld COM 29667J101 2,348 145,900 SH   SOLE   115,570 0 30,330
Essendant Inc COM 296689102 593 45,030 SH   SOLE   34,070 0 10,960
Express Inc COM 30219E103 314 46,460 SH   SOLE   35,150 0 11,310
FS Bancorp COM 30263Y104 2,644 51,193 SH   SOLE   40,540 0 10,653
Farmers National Banc Corp COM 309627107 3,470 230,548 SH   SOLE   182,686 0 47,862
Federal Signal Corp COM 313855108 1,363 64,040 SH   SOLE   48,520 0 15,520
First Bancshares Inc COM 318916103 2,663 88,328 SH   SOLE   69,993 0 18,335
First Financial Corp COM 320218100 1,003 21,080 SH   SOLE   15,940 0 5,140
First Interstate Bancsystem cl COM 32055Y201 1,130 29,530 SH   SOLE   22,340 0 7,190
First Northwest COM 335834107 2,251 131,640 SH   SOLE   104,320 0 27,320
FormFactor COM 346375108 1,786 105,980 SH   SOLE   80,170 0 25,810
Francesca's Holdings Corp COM 351793104 430 58,430 SH   SOLE   44,210 0 14,220
Greenight Capital Cl A COM G4095J109 944 43,620 SH   SOLE   33,020 0 10,600
Guess Inc COM 401617105 1,058 62,140 SH   SOLE   47,020 0 15,120
Hallmark Financial Services In COM 40624Q203 1,477 127,220 SH   SOLE   96,260 0 30,960
Hanger Inc COM 41043F208 592 53,850 SH   SOLE   40,710 0 13,140
Hardinge Inc COM 412324303 4,690 307,119 SH   SOLE   243,336 0 63,783
Heritage Financial COM 42722X106 857 29,039 SH   SOLE   21,969 0 7,070
Heritage Insurance Hlds Inc COM 42727J102 2,841 215,050 SH   SOLE   168,060 0 46,990
Hibbett Sports Inc COM 428567101 399 27,970 SH   SOLE   21,170 0 6,800
Homestreet Inc COM 43785V102 1,054 39,020 SH   SOLE   29,540 0 9,480
Horizon Bancorp COM 440407104 4,209 144,293 SH   SOLE   114,363 0 29,930
Houston Wire & Cable Co COM 44244K109 917 174,700 SH   SOLE   132,180 0 42,520
Hurco Companies Inc COM 447324104 4,128 99,237 SH   SOLE   78,631 0 20,606
InnerWorkings COM 45773Y105 5,211 463,171 SH   SOLE   363,494 0 99,677
Insight Enterprises Inc COM 45765U103 1,287 28,020 SH   SOLE   21,200 0 6,820
Integer Holdings Corp COM 45826H109 1,629 31,838 SH   SOLE   24,098 0 7,740
Intevac Inc COM 461148108 1,093 129,330 SH   SOLE   97,850 0 31,480
Invacare COM 461203101 647 41,090 SH   SOLE   31,090 0 10,000
Kirkland's Inc COM 497498105 805 70,470 SH   SOLE   53,320 0 17,150
Lakeland Bancorp COM 511637100 550 26,950 SH   SOLE   20,390 0 6,560
Landec Corp COM 514766104 3,291 254,132 SH   SOLE   199,178 0 54,954
Lifetime Brands Inc COM 53222Q103 4,894 267,441 SH   SOLE   209,957 0 57,484
MagicJack VocalTec Ltd COM M6787E101 4,587 641,561 SH   SOLE   508,021 0 133,540
Maiden Holdings, Ltd COM G5753U112 1,763 221,720 SH   SOLE   167,750 0 53,970
Manitex International Inc COM 563420108 4,867 541,934 SH   SOLE   429,139 0 112,795
Marcus & Millichap Inc COM 566324109 1,556 57,640 SH   SOLE   43,610 0 14,030
Matrix Service Co COM 576853105 1,080 71,020 SH   SOLE   53,730 0 17,290
Meet Group Inc COM 58513U101 4,713 1,294,801 SH   SOLE   1,014,591 0 280,210
Meta Financial Group COM 59100U108 6,166 78,646 SH   SOLE   61,570 0 17,076
MidSouth Bancorp Inc COM 598039105 2,814 233,513 SH   SOLE   185,008 0 48,505
MidWestOne Financial Group COM 598511103 1,443 42,740 SH   SOLE   32,340 0 10,400
Midland States COM 597742105 4,699 148,330 SH   SOLE   116,050 0 32,280
Multi-Color Corp COM 625383104 887 10,820 SH   SOLE   8,190 0 2,630
NN Inc COM 629337106 7,506 258,812 SH   SOLE   202,834 0 55,978
NV5 Global Inc COM 62945V109 6,460 118,198 SH   SOLE   92,713 0 25,485
Natural Gas Services Group Inc COM 63886Q109 3,045 107,208 SH   SOLE   84,896 0 22,312
Navigant Consulting COM 63935N107 327 19,300 SH   SOLE   14,600 0 4,700
Netgear Inc COM 64111Q104 1,071 22,500 SH   SOLE   17,040 0 5,460
Newpark Resources Inc COM 651718504 1,197 119,720 SH   SOLE   90,610 0 29,110
Northeast Bancorp COM 663904209 2,631 100,610 SH   SOLE   79,670 0 20,940
Northrim BanCorp Inc COM 666762109 2,560 73,258 SH   SOLE   58,048 0 15,210
Northwest Pipe COM 667746101 4,470 235,006 SH   SOLE   186,230 0 48,776
Novanta Inc COM 67000B104 1,425 32,692 SH   SOLE   24,752 0 7,940
Orrstown Financial Services COM 687380105 2,236 89,793 SH   SOLE   71,175 0 18,618
PAM Transportation Services, I COM 693149106 4,167 174,151 SH   SOLE   138,001 0 36,150
PC Connection COM 69318J100 4,640 164,601 SH   SOLE   128,737 0 35,864
PCM Inc COM 69323K100 3,998 285,557 SH   SOLE   226,137 0 59,420
PRA Group COM 69354N106 882 30,780 SH   SOLE   23,320 0 7,460
Parke Bancorp COM 700885106 697 31,397 SH   SOLE   24,887 0 6,510
Pennantpark Floating Rate Capi COM 70806A106 3,236 223,453 SH   SOLE   175,013 0 48,440
People's Utah Bancorp COM 712706209 4,260 131,271 SH   SOLE   104,006 0 27,265
Perry Ellis International COM 288853104 1,076 45,470 SH   SOLE   34,400 0 11,070
Photronics Inc COM 719405102 1,132 127,860 SH   SOLE   96,820 0 31,040
Pier 1 Imports COM 720279108 396 94,620 SH   SOLE   71,580 0 23,040
Premier Financial Bancorp COM 74050M105 4,306 197,599 SH   SOLE   156,571 0 41,028
ProFire Energy COM 74316X101 2,332 1,171,995 SH   SOLE   928,570 0 243,425
Quantum Corp COM 747906501 4,129 674,673 SH   SOLE   534,254 0 140,419
RPX Corporation COM 74972G103 1,024 77,140 SH   SOLE   58,410 0 18,730
RadiSys Corp COM 750459109 2,573 1,878,281 SH   SOLE   1,474,851 0 403,430
Resources Connection COM 76122Q105 874 62,860 SH   SOLE   47,590 0 15,270
Rudolph Technologies Inc COM 781270103 3,910 148,674 SH   SOLE   116,494 0 32,180
SP Plus Corp COM 78469C103 1,490 37,720 SH   SOLE   28,580 0 9,140
Silvercrest Asset Mgmnt Grp Cl COM 828359109 3,277 225,225 SH   SOLE   178,455 0 46,770
Spartan Motors Inc COM 846819100 4,289 388,176 SH   SOLE   304,230 0 83,946
Standard Motor COM 853666105 1,290 26,740 SH   SOLE   20,240 0 6,500
Standex International Corp COM 854231107 529 4,980 SH   SOLE   3,760 0 1,220
Sterling Construction Co Inc COM 859241101 6,741 442,630 SH   SOLE   346,460 0 96,170
Summit Financial Grp COM 86606G101 644 25,105 SH   SOLE   19,895 0 5,210
Super Micro Computer, Inc COM 86800U104 1,807 81,770 SH   SOLE   61,870 0 19,900
Sykes Enterprises COM 871237103 1,230 42,190 SH   SOLE   31,930 0 10,260
Textainer Group Holdings COM G8766E109 2,715 158,320 SH   SOLE   119,860 0 38,460
Third Point Reinsurrance Ltd COM G8827U100 1,344 86,140 SH   SOLE   65,180 0 20,960
Triton International Ltd COM G9078F107 2,088 62,740 SH   SOLE   47,480 0 15,260
TrueBlue Inc COM 89785X101 933 41,580 SH   SOLE   31,460 0 10,120
Twin Disc Inc COM 901476101 6,204 333,385 SH   SOLE   262,054 0 71,331
Ultra Clean Holdings COM 90385V107 7,552 246,643 SH   SOLE   193,145 0 53,498
Unique Fabricating COM 90915J103 2,476 292,970 SH   SOLE   231,980 0 60,990
Univest Corp of Pennsylvania COM 915271100 1,149 35,900 SH   SOLE   27,160 0 8,740
Wabash National Corp COM 929566107 1,344 58,890 SH   SOLE   44,600 0 14,290
Web.com Group, Inc COM 94733A104 1,697 67,880 SH   SOLE   51,360 0 16,520
West Bancorporation COM 95123P106 3,036 124,410 SH   SOLE   98,520 0 25,890
Windstream Holdings Inc COM 97382A200 189 107,035 SH   SOLE   81,025 0 26,010
Xcerra Corp COM 98400J108 6,348 644,502 SH   SOLE   504,954 0 139,548
ZAGG Inc COM 98884U108 6,372 404,561 SH   SOLE   320,364 0 84,197