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. H. BELO CORP. (SERIES A) COM CL A 001282102 735 100,000 SH   SOLE   0 100,000 0
ACACIA RESH CORP ACACIA TCH COM 003881307 37,186 5,703,436 SH   SOLE   0 5,527,106 176,330
ACCURAY INC COM 004397105 23,394 3,672,510 SH   SOLE   0 3,513,965 158,545
ADTRAN INC COM 00738A106 6,362 332,367 SH   SOLE   0 326,560 5,807
AES CORPORATION COM 00130H105 5,783 450,000 SH   SOLE   0 450,000 0
ALCOA INC COM 013817507 252 24,870 SH   SOLE   0 24,870 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 4,465 250,025 SH   SOLE   0 246,873 3,152
AMERICAN EXPRESS CO COM 025816109 8,463 132,150 SH   SOLE   0 130,638 1,512
AMERICAN VANGUARD CORP COM 030371108 10,974 683,310 SH   SOLE   0 683,310 0
ARGAN INC COM 04010E109 17,757 300,000 SH   SOLE   0 300,000 0
ASPEN AEROGELS INC. COM 04523Y105 4,351 730,000 SH   SOLE   0 730,000 0
ASSOCIATED BANC CORP COM 045487105 13,153 671,405 SH   SOLE   0 671,405 0
ASSURANT INC COM 04621X108 260 2,815 SH   SOLE   0 2,815 0
AT&T INC COM 00206R102 11,003 270,939 SH   SOLE   0 267,144 3,795
ATLAS AIR WORLDWIDE HOLDINGS, INC. COM NEW 049164205 7,364 171,985 SH   SOLE   0 171,985 0
AV HOMES INC COM 00234P102 14,454 868,600 SH   SOLE   0 841,900 26,700
AVNET INC COM 053807103 236 5,744 SH   SOLE   0 5,744 0
AVX CORP NEW COM 002444107 143 10,396 SH   SOLE   0 10,396 0
BABCOCK & WILCOX ENTERPRISES INC. COM 05614L100 1,650 100,000 SH   SOLE   0 100,000 0
BAKER HUGHES INC COM 057224107 14,192 281,205 SH   SOLE   0 278,305 2,900
BANK NEW YORK MELLON CORP COM 064058100 9,065 227,310 SH   SOLE   0 224,770 2,540
BARRETT BUSINESS SERVICES IN COM 68463108 28,062 565,370 SH   SOLE   0 549,510 15,860
BB&T CORP COM 054937107 10,792 286,105 SH   SOLE   0 282,828 3,277
BENCHMARK ELECTRS INC COM 08160H101 3,833 153,610 SH   SOLE   0 153,610 0
BOISE CASCADE CO DEL COM 09739D100 8,229 323,995 SH   SOLE   0 319,415 4,580
BOSTON PRIVATE FINL HLDGS IN COM 101119105 13,315 1,037,803 SH   SOLE   0 1,033,645 4,158
BRAVO BRIO RESTAURANT GROUP COM 10567B109 4,239 886,854 SH   SOLE   0 822,979 63,875
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 149 16,173 SH   SOLE   0 16,173 0
CA INC COM 12673P105 14,149 427,927 SH   SOLE   0 423,820 4,107
CALLAWAY GOLF CO COM 131193104 9,704 835,815 SH   SOLE   0 835,815 0
CAPITAL BK FINL CORP CL A COM 139794101 16,330 508,555 SH   SOLE   0 508,555 0
CAPITAL CITY BK GROUP INC COM 139674105 10,922 739,451 SH   SOLE   0 709,340 30,111
CAPITAL ONE FINL CORP COM 14040H105 3,750 52,212 SH   SOLE   0 50,993 1,219
CARBO CERAMICS INC COM 140781105 10,379 948,749 SH   SOLE   0 948,749 0
CARETRUST REIT INC COM 14174T107 32,644 2,208,677 SH   SOLE   0 2,157,527 51,150
CENTERSTATE BANKS INC COM 15201P109 16,370 923,269 SH   SOLE   0 923,269 0
CHRISTOPHER & BANKS CORP. COM 171046105 2,175 1,500,000 SH   SOLE   0 1,500,000 0
CIBER INC COM 17163B102 2,215 1,925,900 SH   SOLE   0 1,925,900 0
CISCO SYS INC COM 17275R102 11,790 371,743 SH   SOLE   0 367,275 4,468
CNA FINANCIAL CORPORATION COM 126117100 216 6,264 SH   SOLE   0 6,264 0
COMPUTER TASK GROUP INC COM 205477102 1,880 400,000 SH   SOLE   0 400,000 0
CONIFER HOLDINGS INC COM 20731J102 2,083 250,000 SH   SOLE   0 250,000 0
CORNING INC COM 219350105 8,052 340,468 SH   SOLE   0 337,160 3,308
CPI AEROSTRUCTURES INC COM NEW 125919308 3,430 500,000 SH   SOLE   0 500,000 0
CTS CORP COM 126501105 4,946 265,919 SH   SOLE   0 265,919 0
CUI GLOBAL INC COM NEW 126576206 12,855 2,204,923 SH   SOLE   0 2,048,623 156,300
CYBEROPTICS CORP COM 232517102 6,145 250,000 SH   SOLE   0 250,000 0
DESTINATION MATERNITY CORP COM 25065D100 4,702 663,232 SH   SOLE   0 663,232 0
DIGIRAD CORP COM 253827109 4,590 900,000 SH   SOLE   0 900,000 0
DONEGAL GROUP INC CL A 257701201 4,833 300,000 SH   SOLE   0 300,000 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 249 1,822 SH   SOLE   0 1,822 0
DYNAMIC MATLS CORP COM 267888105 12,182 1,142,808 SH   SOLE   0 1,142,808 0
EMERSON ELECTRIC CO COM 291011104 13,385 245,545 SH   SOLE   0 243,005 2,540
ENCORE WIRE CORP COM 292562105 13,217 359,459 SH   SOLE   0 359,459 0
ENDO PHARMACEUTICALS HLDGS l COM G30401106 18,195 903,000 SH   SOLE   0 903,000 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 9,975 152,406 SH   SOLE   0 150,738 1,668
ENSIGN GROUP INC COM 29358P101 8,052 400,000 SH   SOLE   0 400,000 0
ENTEGRIS INC COM 29362U104 10,301 591,325 SH   SOLE   0 591,325 0
EQUITY COMMONWEALTH COM SH BEN INT 294628102 20,108 665,402 SH   SOLE   0 662,435 2,967
ESCO TECHNOLOGIES INC COM 296315104 6,287 135,444 SH   SOLE   0 135,444 0
EVERTEC INC. COM 30040P103 5,034 300,000 SH   SOLE   0 300,000 0
EXELON CORP COM 30161N101 9,458 284,114 SH   SOLE   0 281,352 2,762
EXXON MOBIL CORP COM 30231G102 16,049 183,876 SH   SOLE   0 181,955 1,921
FIRST CASH INC. COM 33767D105 3,190 67,767 SH   SOLE   0 67,766 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 7,931 251,695 SH   SOLE   0 248,219 3,476
FIRSTENERGY CORP COM 337932107 290 8,761 SH   SOLE   0 8,761 0
FLAMEL TECHNOLOGIES SA ADR SPONSORED ADR 338488109 4,960 400,000 SH   SOLE   0 400,000 0
FLIR SYSTEMS INC COM 302445101 4,112 130,883 SH   SOLE   0 128,801 2,082
FLUOR CORPORATION NEW COM 343412102 11,669 227,371 SH   SOLE   0 224,755 2,616
FMC TECHNOLOGIES INC. COM 30249U101 288 9,706 SH   SOLE   0 9,706 0
FREDS INC CL A 356108100 14,232 1,570,881 SH   SOLE   0 1,529,306 41,575
GAMESTOP CORP. NEW COM CL A 36467W109 2,759 100,000 SH   SOLE   0 100,000 0
GREIF INC CL A 397624107 3,192 64,365 SH   SOLE   0 64,365 0
GULF ISLAND FABRICATION INC COM 402307102 6,440 700,000 SH   SOLE   0 700,000 0
HAEMONETICS CORP. COM 405024100 14,627 403,940 SH   SOLE   0 403,940 0
HAIN CELESTRIAL GROUP INC. COM 405217100 8,092 227,355 SH   SOLE   0 227,355 0
HARLEY DAVIDSON INC. COM 412822108 323 6,143 SH   SOLE   0 6,143 0
HARVARD BIOSCIENCE INC COM 416906105 6,256 2,300,000 SH   SOLE   0 2,300,000 0
HAYNES INTERNATIONAL INC COM NEW 420877201 7,594 204,645 SH   SOLE   0 204,645 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 14,979 807,504 SH   SOLE   0 807,504 0
HERITAGE FINL CORP WASH COM 42722X106 8,580 478,000 SH   SOLE   0 478,000 0
HESS CORP COM 42809H107 11,398 212,569 SH   SOLE   0 210,199 2,370
HUDSON GLOBAL INC COM 443787106 6,134 3,983,431 SH   SOLE   0 3,755,330 228,101
HUDSON TECHNOLOGIES INC COM 444144109 14,963 2,250,000 SH   SOLE   0 2,250,000 0
HYDROGENICS CORP NEW COM 448883207 8,200 1,250,000 SH   SOLE   0 1,250,000 0
IAMGOLD CORP COM 450913108 11,176 2,764,550 SH   SOLE   0 2,577,650 186,900
IMMUCELL CORPORATION COM PAR $0.10 452525306 1,739 225,000 SH   SOLE   0 225,000 0
INNOPHOS HOLDINGS INC. COM 45774N108 13,280 340,240 SH   SOLE   0 340,240 0
INTEGRATED DEVICE TECHNOLOGY COM 458118106 3,881 167,960 SH   SOLE   0 167,960 0
INTERDIGITAL INC COM 45867G101 6,870 86,747 SH   SOLE   0 86,747 0
INTRICON CORP. COM 46121H109 2,346 405,591 SH   SOLE   0 405,591 0
INVACARE CORP COM 461203101 26,315 2,355,890 SH   SOLE   0 2,316,717 39,173
JANUS CAP GROUP INC COM 47102X105 9,034 644,790 SH   SOLE   0 644,790 0
JASON INDS INC COM 471172106 2,723 1,226,400 SH   SOLE   0 1,226,400 0
JERNIGAN CAP INC COM 476405105 10,921 569,705 SH   SOLE   0 544,640 25,065
JUNIPER PHARMACEUTICALS INC COM 48203L107 2,220 400,000 SH   SOLE   0 400,000 0
KENNEDY-WILSON HOLDINGS INC COM 489398107 20,340 902,000 SH   SOLE   0 891,700 10,300
KENNEMETAL INC. COM 489170100 9,085 313,056 SH   SOLE   0 309,015 4,041
KID BRANDS INC COM 497266106 9,179 147,672 SH   SOLE   0 145,995 1,677
KOHS CORP COM 500255104 2,729 62,380 SH   SOLE   0 61,571 809
LAMAR ADVERTISING COMPANY NEW CL A 512816109 16,786 257,020 SH   SOLE   0 257,020 0
LANDEC CORP COM 514766104 12,931 964,250 SH   SOLE   0 906,650 57,600
LINCOLN EDL SVCS CORP COM 533535100 9,646 4,384,622 SH   SOLE   0 3,961,911 422,711
LINCOLN ELECTRIC HOLDINGS COM 533900106 256 4,086 SH   SOLE   0 4,086 0
LINDSAY CORPORATION COM 535555106 5,095 68,865 SH   SOLE   0 68,865 0
LYDALL INC DEL COM 550819106 2,557 50,000 SH   SOLE   0 50,000 0
M D C HLDGS INC COM 552676108 25,108 973,160 SH   SOLE   0 952,556 20,604
MAINSOURCE FINANCIAL GP INC COM 56062Y102 13,067 523,744 SH   SOLE   0 523,744 0
MANTECH INTL CORP CL A 564563104 17,537 465,291 SH   SOLE   0 465,291 0
MARTEN TRANS LTD COM 573075108 6,300 300,000 SH   SOLE   0 300,000 0
MATERION CORP COM 576690101 9,841 320,435 SH   SOLE   0 320,435 0
MDU RES GROUP INC COM 552690109 50,671 1,991,771 SH   SOLE   0 1,965,474 26,297
METHODE ELECTRS INC. COM 591520200 454 12,980 SH   SOLE   0 12,980 0
MGIC INVT CORP WIS COM 552848103 12,666 1,583,250 SH   SOLE   0 1,515,150 68,100
MGP INGREDIENTS INC NEW COM 55303J106 10,130 250,000 SH   SOLE   0 250,000 0
NATIONAL OILWELL VARCO INC. COM 637071101 230 6,269 SH   SOLE   0 6,269 0
NCI INC CL A 62886K104 6,633 573,297 SH   SOLE   0 573,297 0
NEWPARK RES INC COM PAR $.01NEW 651718504 7,356 999,426 SH   SOLE   0 988,731 10,695
NORTHWEST PIPE CO COM 667746101 5,905 500,000 SH   SOLE   0 500,000 0
NOW INC. COM 67011P100 16,351 762,975 SH   SOLE   0 762,975 0
OIL DRI CORP AMER COM 677864100 3,764 100,000 SH   SOLE   0 100,000 0
OLD NATL BANCORP IND COM 680033107 8,374 595,625 SH   SOLE   0 595,625 0
OLIN CORP COM PAR $1 680665205 375 18,289 SH   SOLE   0 18,289 0
ONEBEACON INSURANCE GROUP LT CL A G67742109 19,599 1,372,488 SH   SOLE   0 1,372,488 0
ORACLE CORPORATION COM 68389X105 7,134 181,625 SH   SOLE   0 179,843 1,782
OSHKOSH CORP COM 688239201 11,437 204,228 SH   SOLE   0 202,219 2,009
OWENS & MINOR INC NEW COM 690732102 4,851 139,678 SH   SOLE   0 137,686 1,992
PACCAR INC. COM 693718108 215 3,660 SH   SOLE   0 3,660 0
PACIFIC CONTINENTAL CORP COM 69412V108 12,361 734,893 SH   SOLE   0 734,893 0
PACWEST BANCORP. DEL COM 695263103 8,582 200,000 SH   SOLE   0 200,000 0
PARK ELECTROCHEMICAL CORP COM 700416209 32,940 1,896,354 SH   SOLE   0 1,896,354 0
PARKER HANNIFIN CORPORATION COM 701094104 252 2,011 SH   SOLE   0 2,011 0
PATTERSON UTI ENERGY INC COM 703481101 9,199 411,238 SH   SOLE   0 411,238 0
PC-TEL INC COM 69325Q105 2,031 383,903 SH   SOLE   0 383,903 0
PDI INC COM 46062X105 478 2,989,405 SH   SOLE   0 2,719,642 269,763
PEOPLES UTAH BANCORP COM 712706209 3,053 150,000 SH   SOLE   0 150,000 0
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 7,878 1,573,332 SH   SOLE   0 1,414,225 159,107
PFIZER INC COM 717081103 6,963 205,593 SH   SOLE   0 202,282 3,311
PHOTRONICS INC COM 719405102 7,443 721,937 SH   SOLE   0 715,077 6,860
PIONEER PWR SOLUTIONS INC COM NEW 723836300 2,886 500,000 SH   SOLE   0 500,000 0
PIXELWORKS INC COM NEW 72581M305 6,278 2,250,000 SH   SOLE   0 2,250,000 0
PNC FINL SVCS GROUP INC COM 693475105 12,116 134,486 SH   SOLE   0 132,930 1,556
POPULAR INC COM NEW 733174700 309 8,087 SH   SOLE   0 8,087 0
PORTLAND GENERAL ELECTRIC COMPANY COM NEW 736508847 12,689 297,927 SH   SOLE   0 297,927 0
POTLATCH CORPORATIO NEW COM 737630103 13,116 337,260 SH   SOLE   0 337,260 0
PRINCIPAL FINL GROUP INC COM 74251V102 10,257 199,126 SH   SOLE   0 196,570 2,556
PROGRESS SOFTWARE CORP COM 743312100 2,720 100,000 SH   SOLE   0 100,000 0
PULTE GROUP INC COM 745867101 6,540 326,342 SH   SOLE   0 324,029 2,313
QUEST DIAGNOSTICS INC COM 74834L100 15,477 182,878 SH   SOLE   0 180,679 2,199
RADISYS CORP COM 750459109 12,475 2,334,000 SH   SOLE   0 2,255,800 78,200
RCM TECHNOLOGIES INC COM NEW 749360400 7,292 1,100,000 SH   SOLE   0 1,100,000 0
REGIS CORP MINN COM 758932107 23,571 1,878,130 SH   SOLE   0 1,878,130 0
REINSURANCE GROUP AMER INC COM NEW 759351604 210 1,945 SH   SOLE   0 1,945 0
RESOURCES CONNECTION INC COM 76122Q105 9,572 640,683 SH   SOLE   0 640,683 0
RETAILMENOT COM SER 1 76132B106 10,879 1,100,000 SH   SOLE   0 1,100,000 0
RING ENERGY INC. COM 76680V108 1,683 153,700 SH   SOLE   0 153,700 0
RPC INC COM 749660106 11,094 660,371 SH   SOLE   0 660,371 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 5,184 400,000 SH   SOLE   0 400,000 0
SCHNITZER STL INDS CL A 806882106 8,360 400,000 SH   SOLE   0 400,000 0
SHARPS COMPLIANCE CORP COM 820017101 2,465 562,800 SH   SOLE   0 562,800 0
SONIC AUTOMOTIVE INC CL A 83545G102 9,102 484,126 SH   SOLE   0 431,775 52,351
SOUTH JERSEY IND INC COM 838518108 4,433 150,000 SH   SOLE   0 150,000 0
SPARTAN MTRS INC COM 846819100 5,748 600,000 SH   SOLE   0 600,000 0
STAPLES INC COM 855030102 209 24,438 SH   SOLE   0 24,438 0
STARTEK INC COM 85569C107 8,972 1,442,400 SH   SOLE   0 1,442,400 0
STATE AUTO FINL CORP COM 855707105 7,143 300,000 SH   SOLE   0 300,000 0
STONERIDGE INC COM 86183P102 10,805 587,225 SH   SOLE   0 566,550 20,675
SUNOPTA INC. COM 8676EP108 2,824 400,000 SH   SOLE   0 400,000 0
SUNTRUST BKS INC COM 867914103 216 4,927 SH   SOLE   0 4,927 0
SUPERCOM LTD NEW SHS NEW M87095119 5,041 1,469,690 SH   SOLE   0 1,425,190 44,500
SYNERGY RESOURCES CORPORATION COM 87164P103 9,856 1,422,200 SH   SOLE   0 1,349,300 72,900
TCF FINL CORP COM 872275102 12,334 850,000 SH   SOLE   0 850,000 0
TECHTARGET INC COM 87874R100 3,224 400,000 SH   SOLE   0 400,000 0
TEXTRON INC COM 883203101 211 5,305 SH   SOLE   0 5,305 0
THE BANCORP INC COM 05969A105 4,847 755,000 SH   SOLE   0 755,000 0
THERAPEUTICSMD COM 88338N107 4,086 600,000 SH   SOLE   0 600,000 0
TITAN INTERNATIONAL INC. COM 88830M102 3,542 350,000 SH   SOLE   0 350,000 0
TIVO INC. COM 88870P106 28,771 1,476,932 SH   SOLE   0 1,455,685 21,247
TRANSCAT INC COM 893529107 6,562 600,000 SH   SOLE   0 600,000 0
TRC COS INC COM 872625108 3,468 400,000 SH   SOLE   0 400,000 0
TRICO BANCSHARES COM 896095106 10,101 377,320 SH   SOLE   0 377,320 0
TRIMAS CORPORATION COM NEW 896215209 6,329 340,070 SH   SOLE   0 340,070 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 16,782 1,269,435 SH   SOLE   0 1,224,535 44,900
TRIPLE-S MGMT CORP CL B 896749108 8,534 389,151 SH   SOLE   0 382,880 6,271
TRISTATE CAP HLDGS INC COM 89678F100 18,968 1,174,512 SH   SOLE   0 1,132,194 42,318
UMPQUA HLDGS CORP COM 904214103 5,268 350,000 SH   SOLE   0 350,000 0
UNION BANKSHARES CORP NEW COM 90539J109 642 23,973 SH   SOLE   0 23,973 0
UNIVERSAL TECHNICAL INST INC COM 913915104 2,392 1,343,620 SH   SOLE   0 1,343,620 0
WAL MART STORES INC COM 931142103 15,145 210,000 SH   SOLE   0 207,827 2,173
WASHINGTON FED INC COM 938824109 5,267 197,399 SH   SOLE   0 194,440 2,959
WCI CMNTYS INC COM PAR $0.01 92923C807 23,720 1,000,000 SH   SOLE   0 1,000,000 0
WELLS FARGO & CO NEW COM 949746101 7,755 175,135 SH   SOLE   0 173,161 1,974
WERNER ENTERPRISES INC. COM 950755108 13,839 594,735 SH   SOLE   0 594,735 0
WESTERN UN CO COM 959802109 280 13,461 SH   SOLE   0 13,461 0
WILLBROS GROUP INC DEL COM 969203108 8,812 4,687,300 SH   SOLE   0 4,455,598 231,702
WORLD FUEL SVCS CORP COM 981475106 692 14,953 SH   SOLE   0 14,309 644
WPX ENERGY INC COM 98212B103 18,626 1,412,097 SH   SOLE   0 1,412,097 0
ZIONS BANCORPORATION COM 989701107 17,268 556,678 SH   SOLE   0 554,903 1,775