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
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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 1,639 36,836 SH   SOLE   26,846 0 9,990
ARC Document Solutions COM 00191G103 1,423 803,861 SH   SOLE   652,654 0 151,207
ASV Holdings LLC COM 00215L104 3,121 538,975 SH   SOLE   437,749 0 101,226
AXT Inc COM 00246W103 5,249 744,478 SH   SOLE   604,728 0 139,750
Acacia Research Corp COM 003881307 4,113 991,100 SH   SOLE   788,760 0 202,340
Actuant Corp Cls A COM 00508X203 1,005 34,250 SH   SOLE   25,020 0 9,230
Alcentra Capital Corp COM 01374T102 3,095 484,355 SH   SOLE   393,435 0 90,920
American River Bankshares COM 029326105 4,507 284,327 SH   SOLE   230,911 0 53,416
American Software, Inc COM 029683109 543 37,280 SH   SOLE   27,200 0 10,080
Amtech Systems COM 032332504 4,027 665,654 SH   SOLE   540,688 0 124,966
Asure Software COM 04649U102 8,001 501,614 SH   SOLE   400,834 0 100,780
Atlantic Capital Bank COM 048269203 3,278 166,825 SH   SOLE   135,482 0 31,343
Atlas Financial Holdings COM G06207115 1,641 187,557 SH   SOLE   152,357 0 35,200
BG Staffing COM 05544A109 7,247 311,679 SH   SOLE   253,171 0 58,508
Banc of California Inc COM 05990K106 1,299 66,420 SH   SOLE   48,450 0 17,970
Bank of Commerce Hlds COM 06424J103 4,611 361,684 SH   SOLE   293,734 0 67,950
Barrett Business Services Inc COM 068463108 8,141 84,297 SH   SOLE   66,706 0 17,591
BayCom Corp COM 07272M107 1,594 64,411 SH   SOLE   50,843 0 13,568
Big 5 Sporting Goods Corp COM 08915P101 4,113 541,197 SH   SOLE   427,263 0 113,934
Blucora Inc COM 095229100 909 24,580 SH   SOLE   17,940 0 6,640
Bridgepoint Education Inc COM 10807M105 2,591 396,823 SH   SOLE   315,473 0 81,350
Bridgewater Bancshares COM 108621103 1,075 84,490 SH   SOLE   61,650 0 22,840
Build A Bear Workshop COM 120076104 3,964 521,548 SH   SOLE   417,457 0 104,091
CAI International Inc COM 12477X106 5,743 247,124 SH   SOLE   197,706 0 49,418
CRH Medical COM 12626F105 7,401 2,387,444 SH   SOLE   1,890,992 0 496,452
Caleres Inc COM 129500104 1,830 53,210 SH   SOLE   38,820 0 14,390
Care Trust REIT Inc COM 14174T107 889 53,243 SH   SOLE   38,893 0 14,350
Citi Trends Inc COM 17306X102 1,520 55,380 SH   SOLE   40,410 0 14,970
Cohu Inc COM 192576106 5,527 225,485 SH   SOLE   183,139 0 42,346
Columbus McKinnon Corp COM 199333105 4,847 111,774 SH   SOLE   87,648 0 24,126
Comfort Systems USA Inc COM 199908104 1,739 37,960 SH   SOLE   27,700 0 10,260
Comtech Telecommunications Cor COM 205826209 7,544 236,649 SH   SOLE   192,219 0 44,430
ConnectOne Bancorp COM 20786W107 1,732 69,540 SH   SOLE   50,680 0 18,860
Cra Intl Inc COM 12618T105 2,670 52,468 SH   SOLE   42,622 0 9,846
Customers Bancorp COM 23204G100 1,950 68,720 SH   SOLE   50,130 0 18,590
DMC Global Inc COM 23291C103 9,748 217,109 SH   SOLE   176,379 0 40,730
DXP Enterprises, Inc COM 233377407 1,067 27,940 SH   SOLE   20,370 0 7,570
Daktronics, Inc COM 234264109 856 100,560 SH   SOLE   73,460 0 27,100
Douglas Dynamics Inc COM 25960R105 766 15,950 SH   SOLE   11,640 0 4,310
EPlus Inc COM 294268107 826 8,780 SH   SOLE   6,400 0 2,380
Ennis Inc COM 293389102 1,463 71,870 SH   SOLE   52,390 0 19,480
Ensign Group Inc COM 29358P101 1,639 45,750 SH   SOLE   33,380 0 12,370
Esquire Financial Hld COM 29667J101 6,155 233,222 SH   SOLE   189,422 0 43,800
Essendant Inc COM 296689102 598 45,240 SH   SOLE   33,040 0 12,200
Express Inc COM 30219E103 423 46,240 SH   SOLE   33,550 0 12,690
FS Bancorp COM 30263Y104 3,381 53,454 SH   SOLE   43,421 0 10,033
Farmers National Banc Corp COM 309627107 4,113 257,850 SH   SOLE   209,358 0 48,492
Federal Signal Corp COM 313855108 1,491 64,040 SH   SOLE   46,620 0 17,420
First Bancshares Inc COM 318916103 3,554 98,854 SH   SOLE   80,299 0 18,555
First Business Financial Servi COM 319390100 2,905 111,735 SH   SOLE   90,755 0 20,980
First Financial Corp COM 320218100 953 21,020 SH   SOLE   15,300 0 5,720
First Interstate Bancsystem cl COM 32055Y201 1,248 29,570 SH   SOLE   21,560 0 8,010
First Northwest COM 335834107 2,353 147,363 SH   SOLE   119,643 0 27,720
FormFactor COM 346375108 1,333 100,210 SH   SOLE   73,160 0 27,050
Francesca's Holdings Corp COM 351793104 444 58,840 SH   SOLE   42,880 0 15,960
FreightCar America Inc COM 357023100 2,813 167,541 SH   SOLE   136,021 0 31,520
Front Yard Residential REIT COM 35904G107 1,003 96,290 SH   SOLE   70,340 0 25,950
Genesco Inc COM 371532102 231 5,830 SH   SOLE   4,250 0 1,580
Global Medical REIT COM 37954A204 3,832 432,459 SH   SOLE   351,239 0 81,220
Great Ajax Corp COM 38983D300 3,543 270,843 SH   SOLE   213,993 0 56,850
Green Bancorp, Inc COM 39260X100 1,006 46,590 SH   SOLE   34,000 0 12,590
Greenight Capital Cl A COM G4095J109 627 44,160 SH   SOLE   32,260 0 11,900
Hallmark Financial Services In COM 40624Q203 1,270 127,210 SH   SOLE   92,700 0 34,510
Hanger Inc COM 41043F208 928 54,740 SH   SOLE   39,990 0 14,750
Heritage Insurance Hlds Inc COM 42727J102 6,549 392,879 SH   SOLE   310,659 0 82,220
Hibbett Sports Inc COM 428567101 639 27,890 SH   SOLE   20,260 0 7,630
Horizon Bancorp COM 440407104 5,011 242,213 SH   SOLE   196,808 0 45,405
Houston Wire & Cable Co COM 44244K109 1,789 210,470 SH   SOLE   153,430 0 57,040
Hurco Companies Inc COM 447324104 4,969 111,040 SH   SOLE   90,154 0 20,886
Ichor Holdings COM G4740B105 779 36,700 SH   SOLE   26,770 0 9,930
InnerWorkings COM 45773Y105 5,143 591,844 SH   SOLE   472,707 0 119,137
Insight Enterprises Inc COM 45765U103 1,909 39,010 SH   SOLE   28,470 0 10,540
Intevac Inc COM 461148108 949 195,630 SH   SOLE   142,800 0 52,830
Kirkland's Inc COM 497498105 820 70,450 SH   SOLE   51,350 0 19,100
LCNB Corp COM 50181P100 1,936 98,266 SH   SOLE   79,816 0 18,450
Landec Corp COM 514766104 4,142 277,966 SH   SOLE   220,642 0 57,324
Lifetime Brands Inc COM 53222Q103 5,550 438,725 SH   SOLE   348,921 0 89,804
MDC Partners Inc COM 552697104 608 132,200 SH   SOLE   96,470 0 35,730
MTS Systems Corp COM 553777103 529 10,040 SH   SOLE   7,330 0 2,710
MagicJack VocalTec Ltd COM M6787E101 6,510 765,867 SH   SOLE   622,117 0 143,750
Maiden Holdings, Ltd COM G5753U112 1,855 239,410 SH   SOLE   174,610 0 64,800
Manitex International Inc COM 563420108 8,320 666,679 SH   SOLE   541,494 0 125,185
Marcus & Millichap Inc COM 566324109 1,768 45,310 SH   SOLE   33,070 0 12,240
Matrix Service Co COM 576853105 1,556 84,790 SH   SOLE   61,820 0 22,970
Meta Financial Group COM 59100U108 1,946 19,980 SH   SOLE   14,560 0 5,420
Metropolitan Bank Hld COM 591774104 5,284 100,691 SH   SOLE   79,501 0 21,190
MiMedx Group Inc COM 602496101 639 99,990 SH   SOLE   72,980 0 27,010
MidSouth Bancorp Inc COM 598039105 3,461 261,225 SH   SOLE   212,090 0 49,135
MidWestOne Financial Group COM 598511103 1,444 42,740 SH   SOLE   31,140 0 11,600
Midland States COM 597742105 6,491 189,468 SH   SOLE   149,938 0 39,530
MotorCar of America Inc COM 620071100 256 13,690 SH   SOLE   9,990 0 3,700
Multi-Color Corp COM 625383104 703 10,880 SH   SOLE   7,940 0 2,940
NN Inc COM 629337106 6,415 339,422 SH   SOLE   269,814 0 69,608
NV5 Global Inc COM 62945V109 4,365 62,983 SH   SOLE   49,898 0 13,085
Natural Gas Services Group Inc COM 63886Q109 3,757 159,210 SH   SOLE   129,228 0 29,982
Navigant Consulting COM 63935N107 661 29,840 SH   SOLE   21,790 0 8,050
Netgear Inc COM 64111Q104 1,172 18,750 SH   SOLE   13,690 0 5,060
Newpark Resources Inc COM 651718504 1,311 120,840 SH   SOLE   88,170 0 32,670
Northeast Bancorp COM 663904209 4,456 204,417 SH   SOLE   166,047 0 38,370
Northrim BanCorp Inc COM 666762109 3,244 82,016 SH   SOLE   66,616 0 15,400
Northwest Pipe COM 667746101 5,101 263,329 SH   SOLE   213,863 0 49,466
Novanta Inc COM 67000B104 1,009 16,202 SH   SOLE   11,832 0 4,370
OP Bancorp COM 67109R109 3,302 259,577 SH   SOLE   210,837 0 48,740
Old Line Bancshares, Inc COM 67984M100 1,450 41,530 SH   SOLE   30,290 0 11,240
One Stop Systems COM 68247W109 2,305 551,385 SH   SOLE   447,875 0 103,510
Orrstown Financial Services COM 687380105 2,612 100,451 SH   SOLE   81,563 0 18,888
PAM Transportation Services, I COM 693149106 7,847 167,073 SH   SOLE   135,703 0 31,370
PC Connection COM 69318J100 7,326 220,664 SH   SOLE   174,790 0 45,874
PCM Inc COM 69323K100 6,556 432,738 SH   SOLE   351,478 0 81,260
PRA Group COM 69354N106 1,186 30,770 SH   SOLE   22,400 0 8,370
Parke Bancorp COM 700885106 2,542 107,464 SH   SOLE   87,298 0 20,166
Pennantpark Floating Rate Capi COM 70806A106 5,525 404,492 SH   SOLE   320,172 0 84,320
People's Utah Bancorp COM 712706209 5,248 147,000 SH   SOLE   119,375 0 27,625
Perry Ellis International COM 288853104 866 31,890 SH   SOLE   23,290 0 8,600
Photronics Inc COM 719405102 1,481 185,710 SH   SOLE   135,530 0 50,180
Premier Financial Bancorp COM 74050M105 5,166 276,720 SH   SOLE   224,736 0 51,984
ProFire Energy COM 74316X101 1,426 421,909 SH   SOLE   342,718 0 79,191
Quantum Corp COM 747906501 2,106 957,339 SH   SOLE   777,480 0 179,859
Resources Connection COM 76122Q105 1,075 63,590 SH   SOLE   46,450 0 17,140
Ribbon Communications Inc COM 762544104 1,375 193,100 SH   SOLE   140,910 0 52,190
Rudolph Technologies Inc COM 781270103 907 30,650 SH   SOLE   22,370 0 8,280
SP Plus Corp COM 78469C103 1,404 37,740 SH   SOLE   27,480 0 10,260
Silvercrest Asset Mgmnt Grp Cl COM 828359109 4,576 280,747 SH   SOLE   228,017 0 52,730
Spartan Motors Inc COM 846819100 6,404 424,138 SH   SOLE   336,702 0 87,436
Standard Motor COM 853666105 1,305 26,990 SH   SOLE   19,720 0 7,270
Standex International Corp COM 854231107 509 4,980 SH   SOLE   3,650 0 1,330
Sterling Construction Co Inc COM 859241101 3,835 294,319 SH   SOLE   232,229 0 62,090
Summit Financial Grp COM 86606G101 4,382 163,267 SH   SOLE   132,627 0 30,640
Super Micro Computer, Inc COM 86800U104 2,142 90,570 SH   SOLE   66,110 0 24,460
Sykes Enterprises COM 871237103 1,225 42,550 SH   SOLE   31,080 0 11,470
Textainer Group Holdings COM G8766E109 1,878 118,120 SH   SOLE   86,150 0 31,970
Third Point Reinsurrance Ltd COM G8827U100 1,186 94,900 SH   SOLE   69,290 0 25,610
Triumph Bancorp COM 89679E300 1,576 38,680 SH   SOLE   28,240 0 10,440
TrueBlue Inc COM 89785X101 1,121 41,580 SH   SOLE   30,320 0 11,260
Twin Disc Inc COM 901476101 7,771 313,099 SH   SOLE   249,738 0 63,361
Ultra Clean Holdings COM 90385V107 7,302 439,901 SH   SOLE   349,803 0 90,098
Unique Fabricating COM 90915J103 4,559 521,592 SH   SOLE   423,652 0 97,940
Univest Corp of Pennsylvania COM 915271100 987 35,900 SH   SOLE   26,170 0 9,730
Wabash National Corp COM 929566107 1,399 74,980 SH   SOLE   54,720 0 20,260
Web.com Group, Inc COM 94733A104 1,755 67,890 SH   SOLE   49,490 0 18,400
West Bancorporation COM 95123P106 4,515 179,525 SH   SOLE   142,485 0 37,040
Windstream Holdings Inc COM 97382A309 114 21,551 SH   SOLE   15,711 0 5,840
Xcerra Corp COM 98400J108 9,783 700,275 SH   SOLE   556,577 0 143,698
ZAGG Inc COM 98884U108 7,675 443,635 SH   SOLE   360,358 0 83,277