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
A. Schulman Inc COM 808194104 612 22,496 SH   SOLE   22,496 0 0
AEP Industries COM 001031103 2,268 34,364 SH   SOLE   25,850 0 8,514
AMN Healthcare COM 001744101 610 18,140 SH   SOLE   18,140 0 0
ARC Document Solutions COM 00191G103 2,410 535,640 SH   SOLE   402,850 0 132,790
AXT Inc COM 00246W103 1,623 657,160 SH   SOLE   494,550 0 162,610
Acacia Research Corp COM 003881307 2,495 658,330 SH   SOLE   525,150 0 133,180
Almost Family Inc COM 020409108 2,157 57,930 SH   SOLE   43,570 0 14,360
Altisource Residential Corp RE COM 02153W100 481 40,120 SH   SOLE   40,120 0 0
Amedisys Inc COM 023436108 814 16,840 SH   SOLE   16,840 0 0
American River Bankshares COM 029326105 2,720 267,726 SH   SOLE   201,486 0 66,240
American Software, Inc COM 029683109 488 54,220 SH   SOLE   54,220 0 0
Amtech Systems COM 032332504 2,096 323,025 SH   SOLE   242,950 0 80,075
Arctic Cat Inc COM 039670104 1,153 68,640 SH   SOLE   53,990 0 14,650
Atlantic Capital Bank COM 048269203 2,173 155,870 SH   SOLE   117,211 0 38,659
Banc of California Inc COM 05990K106 1,643 93,880 SH   SOLE   75,220 0 18,660
Bank of Commerce Hlds COM 06424J103 2,329 366,830 SH   SOLE   276,030 0 90,800
Barrett Business Services Inc COM 068463108 3,838 133,510 SH   SOLE   106,970 0 26,540
Basic Energy Services Inc COM 06985P100 154 55,920 SH   SOLE   55,920 0 0
Big 5 Sporting Goods Corp COM 08915P101 4,974 447,690 SH   SOLE   367,270 0 80,420
Blucora Inc COM 095229100 232 44,930 SH   SOLE   44,930 0 0
BofI HOLDING, INC. COM 05566U108 1,458 68,330 SH   SOLE   68,330 0 0
Build A Bear Workshop COM 120076104 3,237 249,190 SH   SOLE   196,630 0 52,560
CAI International Inc COM 12477X106 3,238 335,150 SH   SOLE   269,280 0 65,870
CTS Corp COM 126501105 452 28,690 SH   SOLE   28,690 0 0
Caleres Inc COM 129500104 1,163 41,100 SH   SOLE   41,100 0 0
Care Trust REIT Inc COM 14174T107 522 41,097 SH   SOLE   41,097 0 0
Children's Place Inc COM 168905107 862 10,330 SH   SOLE   10,330 0 0
Citi Trends Inc COM 17306X102 798 44,760 SH   SOLE   44,760 0 0
Cohu Inc COM 192576106 2,772 233,340 SH   SOLE   175,570 0 57,770
Columbus McKinnon Corp COM 199333105 2,260 143,430 SH   SOLE   115,110 0 28,320
Comfort Systems USA Inc COM 199908104 930 29,280 SH   SOLE   29,280 0 0
Computer Task Group Inc COM 205477102 398 77,910 SH   SOLE   77,910 0 0
Conifer Holdings Inc COM 20731J102 1,953 299,150 SH   SOLE   225,000 0 74,150
ConnectOne Bancorp COM 20786W107 474 28,970 SH   SOLE   28,970 0 0
Cra Intl Inc COM 12618T105 2,449 124,670 SH   SOLE   93,770 0 30,900
Customers Bancorp COM 23204G100 844 35,710 SH   SOLE   35,710 0 0
DXP Enterprises, Inc COM 233377407 296 16,850 SH   SOLE   16,850 0 0
Daktronics, Inc COM 234264109 475 60,100 SH   SOLE   60,100 0 0
Datalink Corp COM 237934104 4,455 487,460 SH   SOLE   366,720 0 120,740
DeVry Education Group Inc COM 251893103 414 23,950 SH   SOLE   23,950 0 0
Donegal Group Inc COM 257701201 354 24,626 SH   SOLE   24,626 0 0
Douglas Dynamics Inc COM 25960R105 416 18,170 SH   SOLE   18,170 0 0
Dynamic Materials COM 267888105 1,988 306,760 SH   SOLE   230,730 0 76,030
EPlus Inc COM 294268107 727 9,030 SH   SOLE   9,030 0 0
Earthlink Holdings COM 27033X101 580 102,270 SH   SOLE   102,270 0 0
Electro Rent Corp COM 285218103 1,805 194,920 SH   SOLE   146,690 0 48,230
Ennis Inc COM 293389102 930 47,550 SH   SOLE   47,550 0 0
Ensign Group Inc COM 29358P101 801 35,400 SH   SOLE   35,400 0 0
FS Bancorp COM 30263Y104 964 38,260 SH   SOLE   28,780 0 9,480
Farmers National Banc Corp COM 309627107 1,969 220,970 SH   SOLE   166,210 0 54,760
Federal Signal Corp COM 313855108 652 49,190 SH   SOLE   49,190 0 0
Finish Line Inc COM 317923100 593 28,100 SH   SOLE   28,100 0 0
First Financial Corp COM 320218100 478 13,980 SH   SOLE   13,980 0 0
First Interstate Bancsystem cl COM 32055Y201 646 22,960 SH   SOLE   22,960 0 0
Fresh Market Inc COM 35804H106 487 17,080 SH   SOLE   17,080 0 0
GSI Group Inc COM 36191C205 773 54,572 SH   SOLE   54,572 0 0
GigPeak Inc COM 37518Q109 3,114 1,153,360 SH   SOLE   867,440 0 285,920
Gordmans Stores COM 38269P100 1,735 767,545 SH   SOLE   577,430 0 190,115
Greatbatch Inc COM 39153L106 485 13,620 SH   SOLE   13,620 0 0
Greenight Capital Cl A COM G4095J109 515 23,640 SH   SOLE   23,640 0 0
Hanger Inc COM 41043F208 269 41,420 SH   SOLE   41,420 0 0
Hardinge Inc COM 412324303 3,215 257,779 SH   SOLE   193,979 0 63,800
Heritage Financial COM 42722X106 391 22,229 SH   SOLE   22,229 0 0
Hibbett Sports Inc COM 428567101 463 12,900 SH   SOLE   12,900 0 0
Homestreet Inc COM 43785V102 486 23,370 SH   SOLE   23,370 0 0
Horizon Bancorp COM 440407104 2,293 92,748 SH   SOLE   69,758 0 22,990
Houston Wire & Cable Co COM 44244K109 466 66,620 SH   SOLE   66,620 0 0
Hurco Companies Inc COM 447324104 2,718 82,398 SH   SOLE   62,000 0 20,398
InnerWorkings COM 45773Y105 3,635 457,240 SH   SOLE   362,200 0 95,040
Insight Enterprises Inc COM 45765U103 824 28,760 SH   SOLE   28,760 0 0
Insteel Industries Inc COM 45774W108 1,596 52,203 SH   SOLE   39,270 0 12,933
Intevac Inc COM 461148108 400 88,910 SH   SOLE   88,910 0 0
Intralinks Holdings COM 46118H104 441 56,000 SH   SOLE   56,000 0 0
Invacare COM 461203101 412 31,290 SH   SOLE   31,290 0 0
KMG Chemicals Inc COM 482564101 2,231 96,719 SH   SOLE   72,770 0 23,949
Kirkland's Inc COM 497498105 948 54,140 SH   SOLE   54,140 0 0
Kratos Defense & Security Solu COM 50077B207 268 54,220 SH   SOLE   54,220 0 0
Lakeland Bancorp COM 511637100 477 46,960 SH   SOLE   46,960 0 0
Landec Corp COM 514766104 3,087 293,998 SH   SOLE   235,058 0 58,940
Libbey Inc COM 529898108 615 33,070 SH   SOLE   33,070 0 0
Lifetime Brands Inc COM 53222Q103 3,709 246,125 SH   SOLE   193,925 0 52,200
MagicJack VocalTec Ltd COM M6787E101 2,514 383,240 SH   SOLE   288,260 0 94,980
Maiden Holdings, Ltd COM G5753U112 945 73,020 SH   SOLE   73,020 0 0
Manitex International Inc COM 563420108 1,893 361,942 SH   SOLE   272,230 0 89,712
Matrix Service Co COM 576853105 430 24,320 SH   SOLE   24,320 0 0
Medifast Inc COM 58470H101 2,977 98,610 SH   SOLE   78,590 0 20,020
Meta Financial Group COM 59100U108 2,254 49,430 SH   SOLE   37,180 0 12,250
MidSouth Bancorp Inc COM 598039105 1,865 244,440 SH   SOLE   183,860 0 60,580
Multi-Color Corp COM 625383104 682 12,790 SH   SOLE   12,790 0 0
NN Inc COM 629337106 2,878 210,360 SH   SOLE   167,540 0 42,820
NV5 Global Inc COM 62945V109 3,052 113,770 SH   SOLE   85,560 0 28,210
Natural Gas Services Group Inc COM 63886Q109 2,131 98,500 SH   SOLE   74,080 0 24,420
Netgear Inc COM 64111Q104 511 12,660 SH   SOLE   12,660 0 0
Newpark Resources Inc COM 651718504 402 92,940 SH   SOLE   92,940 0 0
Northrim BanCorp Inc COM 666762109 1,191 49,821 SH   SOLE   37,518 0 12,303
Northwest Pipe COM 667746101 2,103 228,050 SH   SOLE   171,530 0 56,520
Ocwen Financial Corp COM 675746309 285 115,320 SH   SOLE   115,320 0 0
Orrstown Financial Services COM 687380105 2,134 123,230 SH   SOLE   92,730 0 30,500
PAM Transportation Services, I COM 693149106 2,470 80,188 SH   SOLE   60,238 0 19,950
PC Connection COM 69318J100 3,783 146,580 SH   SOLE   116,220 0 30,360
PCM Inc COM 69323K100 1,884 234,964 SH   SOLE   176,840 0 58,124
PRA Group COM 69354N106 548 18,640 SH   SOLE   18,640 0 0
Pacific Continental Corp COM 69412V108 3,686 228,520 SH   SOLE   183,320 0 45,200
Pacific Mercantile Bancorp COM 694552100 2,930 418,519 SH   SOLE   315,069 0 103,450
Park Sterling Corp COM 70086Y105 3,833 574,600 SH   SOLE   455,320 0 119,280
Parkway Properties, Inc. REIT COM 70159Q104 789 50,370 SH   SOLE   50,370 0 0
Patrick Industries COM 703343103 3,323 73,220 SH   SOLE   59,400 0 13,820
Pennantpark Floating Rate Capi COM 70806A106 2,542 217,223 SH   SOLE   174,729 0 42,494
People's Utah Bancorp COM 712706209 2,238 141,371 SH   SOLE   106,330 0 35,041
Perry Ellis International COM 288853104 457 24,820 SH   SOLE   24,820 0 0
Photronics Inc COM 719405102 748 71,900 SH   SOLE   71,900 0 0
Pier 1 Imports COM 720279108 514 73,380 SH   SOLE   73,380 0 0
Premier Financial Bancorp COM 74050M105 2,975 188,796 SH   SOLE   142,036 0 46,760
ProFire Energy COM 74316X101 1,153 1,188,380 SH   SOLE   891,620 0 296,760
QLogic Corp COM 747277101 889 66,140 SH   SOLE   66,140 0 0
Quantum Corp COM 747906204 1,652 2,708,420 SH   SOLE   2,037,180 0 671,240
RPX Corporation COM 74972G103 518 45,990 SH   SOLE   45,990 0 0
RadiSys Corp COM 750459109 4,874 1,233,970 SH   SOLE   928,240 0 305,730
Resources Connection COM 76122Q105 373 23,940 SH   SOLE   23,940 0 0
Rocky Brands, Inc COM 774515100 2,265 177,760 SH   SOLE   133,730 0 44,030
Rubicon Technology COM 78112T107 188 257,820 SH   SOLE   193,940 0 63,880
Rudolph Technologies Inc COM 781270103 4,810 352,140 SH   SOLE   281,730 0 70,410
SL Industries COM 784413106 1,751 51,487 SH   SOLE   38,687 0 12,800
SP Plus Corp COM 78469C103 704 29,250 SH   SOLE   29,250 0 0
Sabra Health Care Reit COM 78573L106 455 22,670 SH   SOLE   22,670 0 0
Scholastic COM 807066105 507 13,580 SH   SOLE   13,580 0 0
Spartan Motors Inc COM 846819100 2,316 586,250 SH   SOLE   467,790 0 118,460
SpartanNash Co COM 847215100 670 22,106 SH   SOLE   22,106 0 0
Stage Stores Inc COM 85254C305 2,511 311,590 SH   SOLE   247,190 0 64,400
Standard Motor COM 853666105 631 18,200 SH   SOLE   18,200 0 0
Standex International Corp COM 854231107 449 5,770 SH   SOLE   5,770 0 0
Sterling Construction Co Inc COM 859241101 2,550 495,080 SH   SOLE   394,450 0 100,630
Suffolk Bancorp COM 864739107 1,207 47,830 SH   SOLE   35,970 0 11,860
Super Micro Computer, Inc COM 86800U104 1,553 45,560 SH   SOLE   45,560 0 0
Sykes Enterprises COM 871237103 981 32,490 SH   SOLE   32,490 0 0
TAL International Grp COM 874083108 650 42,110 SH   SOLE   42,110 0 0
Textainer Group Holdings COM G8766E109 530 35,690 SH   SOLE   35,690 0 0
Third Point Reinsurrance Ltd COM G8827U100 499 43,930 SH   SOLE   43,930 0 0
Twin Disc Inc COM 901476101 2,581 254,820 SH   SOLE   202,160 0 52,660
Ultra Clean Holdings COM 90385V107 3,376 629,815 SH   SOLE   499,830 0 129,985
Unique Fabricating COM 90915J103 1,231 99,680 SH   SOLE   74,970 0 24,710
Universal Electronics Inc COM 913483103 834 13,460 SH   SOLE   13,460 0 0
Univest Corp of Pennsylvania COM 915271100 545 27,940 SH   SOLE   27,940 0 0
Wabash National Corp COM 929566107 1,113 84,320 SH   SOLE   84,320 0 0
Web.com Group, Inc COM 94733A104 661 33,350 SH   SOLE   33,350 0 0
Xcerra Corp COM 98400J108 833 127,690 SH   SOLE   127,690 0 0
ZAGG Inc COM 98884U108 2,989 331,790 SH   SOLE   249,590 0 82,200