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 COM CL A 001282102 635 100,000 SH   SOLE   0 100,000 0
ACACIA RESH CORP ACACIA TCH COM 003881307 30,965 4,763,904 SH   SOLE   0 4,617,574 146,330
ACCURAY INC COM 004397105 16,430 3,571,835 SH   SOLE   0 3,496,590 75,245
ADTRAN INC COM 00738A106 7,392 330,749 SH   SOLE   0 325,266 5,482
AES CORP COM 00130H105 17,430 1,500,000 SH   SOLE   0 1,500,000 0
AIR METHODS CORPORATION COM 009128307 9,614 301,850 SH   SOLE   0 287,750 14,100
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 5,003 329,804 SH   SOLE   0 326,829 2,975
AMERICAN EXPRESS CO COM 025816109 11,778 158,996 SH   SOLE   0 157,131 1,865
AMERICAN HOMES 4 RENT CL A 02665T306 4,721 225,000 SH   SOLE   0 225,000 0
AMERICAN VANGUARD CORP COM 030371108 13,464 703,078 SH   SOLE   0 703,078 0
AMERISOURCEBERGEN CORPORATION COM 03073E105 343 4,382 SH   SOLE   0 4,382 0
ARGAN INC COM 04010E109 7,055 100,000 SH   SOLE   0 100,000 0
ASPEN AEROGELS INC COM 04523Y105 3,511 850,000 SH   SOLE   0 850,000 0
ASSOCIATED BANC CORP COM 045487105 18,421 745,788 SH   SOLE   0 745,788 0
ASSURANT INC COM 04621X108 387 4,172 SH   SOLE   0 4,172 0
AT&T INC COM 00206R102 9,513 223,688 SH   SOLE   0 220,106 3,582
ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 10,430 200,000 SH   SOLE   0 200,000 0
AV HOMES INC COM 00234P102 13,466 852,300 SH   SOLE   0 825,600 26,700
AVNET INC COM 053807103 297 6,241 SH   SOLE   0 6,241 0
AVX CORP NEW COM 002444107 176 11,292 SH   SOLE   0 11,292 0
BABCOCK & WILCOX ENTERPRIS I COM 05614L100 7,011 422,600 SH   SOLE   0 403,800 18,800
BAKER HUGHES INC COM 057224107 13,417 206,517 SH   SOLE   0 204,294 2,223
BANK NEW YORK MELLON CORP COM 064058100 10,732 226,510 SH   SOLE   0 224,109 2,400
BARRETT BUSINESS SERVICES IN COM 068463108 34,657 540,670 SH   SOLE   0 529,735 10,935
BB&T CORP COM 054937107 11,492 244,412 SH   SOLE   0 241,319 3,092
BENCHMARK ELECTRS INC COM 08160H101 13,798 452,409 SH   SOLE   0 452,409 0
BOISE CASCADE CO DEL COM 09739D100 8,719 387,501 SH   SOLE   0 383,163 4,338
BOSTON PRIVATE FINL HLDGS IN COM 101119105 17,781 1,074,384 SH   SOLE   0 1,071,085 3,299
BRAVO BRIO RESTAURANT GROUP COM 10567B109 3,667 964,975 SH   SOLE   0 935,475 29,500
BUNGE LIMITED COM G16962105 274 3,799 SH   SOLE   0 3,799 0
CA INC COM 12673P105 13,680 430,609 SH   SOLE   0 426,736 3,872
CABOT OIL & GAS CORP COM 127097103 268 11,453 SH   SOLE   0 11,453 0
CALLAWAY GOLF CO COM 131193104 9,088 829,235 SH   SOLE   0 829,235 0
CAPITAL BK FINL CORP CL A COM 139794101 19,702 501,968 SH   SOLE   0 501,968 0
CAPITAL CITY BK GROUP INC COM 139674105 13,769 672,326 SH   SOLE   0 653,715 18,610
CARBO CERAMICS INC COM 140781105 8,751 836,590 SH   SOLE   0 836,590 0
CARETRUST REIT INC COM 14174T107 33,351 2,176,927 SH   SOLE   0 2,125,777 51,150
CELESTICA INC. SUB VTG SHS 15101Q108 3,555 300,000 SH   SOLE   0 300,000 0
CENTERSTATE BANKS INC COM 15201P109 17,035 676,798 SH   SOLE   0 676,798 0
CENTURY BANCORP, INC. CL A NON VOTING 156432106 1,500 25,000 SH   SOLE   0 25,000 0
CHRISTOPHER & BANKS CORP. COM 171046105 3,923 1,676,700 SH   SOLE   0 1,676,700 0
CISCO SYS INC COM 17275R102 11,294 373,731 SH   SOLE   0 369,499 4,232
CNA FINL CORP COM 126117100 415 10,004 SH   SOLE   0 10,004 0
CONIFER HOLDINGS INC COM 20731J102 719 88,200 SH   SOLE   0 88,200 0
CORNING INC COM 219350105 8,668 357,129 SH   SOLE   0 353,432 3,697
CPI AEROSTRUCTURES INC COM NEW 125919308 5,671 613,100 SH   SOLE   0 613,100 0
CTS CORP COM 126501105 2,603 116,222 SH   SOLE   0 116,222 0
CUI GLOBAL INC COM NEW 126576206 15,657 2,259,375 SH   SOLE   0 2,094,550 164,825
CYBEROPTICS CORP COM 232517102 1,305 50,000 SH   SOLE   0 50,000 0
DEAN FOODS CO NEW COM NEW 242370203 6,464 296,793 SH   SOLE   0 296,793 0
DESTINATION MATERNITY CORP COM 25065D100 3,619 700,000 SH   SOLE   0 700,000 0
DIGIRAD CORP COM 253827109 4,500 900,000 SH   SOLE   0 900,000 0
DONEGAL GROUP INC CL A 257701201 6,725 384,719 SH   SOLE   0 384,719 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 315 2,600 SH   SOLE   0 2,600 0
DYNAMIC MATLS CORP COM 23291C103 17,946 1,132,239 SH   SOLE   0 1,132,239 0
EMERSON ELECTRIC CO COM 291011104 13,618 244,266 SH   SOLE   0 241,872 2,394
ENCORE WIRE CORP COM 292562105 15,512 357,835 SH   SOLE   0 357,835 0
ENDO PHARMACEUTICALS HLDGS L COM G30401106 11,578 703,000 SH   SOLE   0 703,000 0
ENDURANCE SPECIALTY HLDGS LT SHS G30397106 5,386 58,288 SH   SOLE   0 57,097 1,191
ENSIGN GROUP INC COM 29358P101 8,884 400,000 SH   SOLE   0 400,000 0
ENTEGRIS INC COM 29362U104 9,924 554,414 SH   SOLE   0 554,414 0
ENTERGY CORP NEW COM 29364G103 9,795 133,320 SH   SOLE   0 132,161 1,159
EQUITY COMMONWEALTH COM SH BEN INT 294628102 10,454 345,685 SH   SOLE   0 342,133 3,552
EVERTEC INC COM 30040P103 7,100 400,000 SH   SOLE   0 400,000 0
EXELON CORP COM 30161N101 12,912 363,820 SH   SOLE   0 359,740 4,079
EXPRESS SCRIPTS HOLDING COMPANY COM 30219G108 8,981 130,559 SH   SOLE   0 129,137 1,422
EXXON MOBIL CORP COM 30231G102 16,510 182,915 SH   SOLE   0 181,103 1,812
FIRST INTERNET BANCORP COM 320557101 6,400 200,000 SH   SOLE   0 200,000 0
FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 3,340 78,491 SH   SOLE   0 77,156 1,335
FIRSTENERGY CORP COM 337932107 295 9,529 SH   SOLE   0 9,529 0
FLAMEL TECHNOLOGIES SA ADR SPONSORED ADR 05337M104 5,324 512,383 SH   SOLE   0 512,383 0
FLUOR CORPORATION NEW COM 343412102 9,060 172,500 SH   SOLE   0 170,034 2,466
FMC TECHNOLOGIES INC COM 30249U101 305 8,585 SH   SOLE   0 8,585 0
FRANKLIN RESOURCES, INC. COM 354613101 4,357 110,092 SH   SOLE   0 108,973 1,119
FUELCELL ENERGY INC COM 35952H502 175 100,000 SH   SOLE   0 100,000 0
GAMESTOP CORP. CL A 36467W109 5,052 200,000 SH   SOLE   0 200,000 0
GREIF INC CL A 397624107 10,393 202,552 SH   SOLE   0 202,552 0
GULF ISLAND FABRICATION INC COM 402307102 8,628 725,000 SH   SOLE   0 725,000 0
HAEMONETICS CORP COM 405024100 14,123 351,314 SH   SOLE   0 351,314 0
HAIN CELESTIAL GROUP INC COM 405217100 8,822 226,041 SH   SOLE   0 226,041 0
HANCOCK HLDG CO COM 410120109 8,424 195,447 SH   SOLE   0 195,447 0
HARLEY DAVIDSON INC COM 412822108 389 6,675 SH   SOLE   0 6,675 0
HARVARD BIOSCIENCE INC COM 416906105 6,100 2,000,000 SH   SOLE   0 2,000,000 0
HEIDRICK & STRUGGLES INTL IN COM 422819102 17,019 704,709 SH   SOLE   0 704,709 0
HERITAGE FINL CORP WASH COM 42722X106 12,309 478,000 SH   SOLE   0 478,000 0
HESS CORP COM 42809H107 13,023 209,073 SH   SOLE   0 206,934 2,138
HUDSON GLOBAL INC COM 443787106 6,484 4,767,285 SH   SOLE   0 4,414,884 352,401
HUDSON TECHNOLOGIES INC COM 444144109 15,620 1,950,000 SH   SOLE   0 1,950,000 0
HYDROGENICS CORP NEW COM 448883207 4,466 1,015,000 SH   SOLE   0 1,015,000 0
IAMGOLD CORP. COM 450913108 12,743 3,299,950 SH   SOLE   0 3,102,650 197,300
IMMUCELL CORPORATION COM PAR $0.10 452525306 1,339 225,000 SH   SOLE   0 225,000 0
INNOPHOS HOLDINGS INC COM 45774N108 15,095 288,836 SH   SOLE   0 288,836 0
INTRICON CORP COM 46121H109 3,795 550,000 SH   SOLE   0 550,000 0
INVACARE CORP COM 461203101 27,630 2,117,276 SH   SOLE   0 2,109,796 7,480
JASON INDS INC COM 471172106 1,848 1,026,400 SH   SOLE   0 1,026,400 0
JERNIGAN CAP INC COM 476405105 12,062 573,025 SH   SOLE   0 545,125 27,900
JUNIPER PHARMACEUTICALS INC COM 48203L107 2,240 400,000 SH   SOLE   0 400,000 0
K12 INC. COM 48273U102 4,703 274,092 SH   SOLE   0 274,092 0
KENNAMETAL INC COM 489170100 18,146 580,473 SH   SOLE   0 576,659 3,814
KENNEDY-WILSON HOLDINGS INC COM 489398107 19,391 945,900 SH   SOLE   0 921,300 24,600
KID BRANDS INC COM 497266106 10,555 158,728 SH   SOLE   0 156,692 2,036
KOHLS CORP COM 500255104 2,989 60,538 SH   SOLE   0 59,772 766
LAMAR ADVERTISING COMPANY NEW CL A 512816109 13,799 205,223 SH   SOLE   0 205,223 0
LANDEC CORP COM 514766104 13,390 970,300 SH   SOLE   0 912,700 57,600
LINCOLN EDL SVCS CORP COM 533535100 8,710 4,536,685 SH   SOLE   0 4,119,600 417,085
LINCOLN ELEC HLDGS INC COM 533900106 250 3,266 SH   SOLE   0 3,266 0
M D C HLDGS INC COM 552676108 17,047 664,328 SH   SOLE   0 647,484 16,843
MAINSOURCE FINANCIAL GP INC COM 56062Y102 18,017 523,744 SH   SOLE   0 523,744 0
MANTECH INTL CORP CL A 564563104 8,959 212,042 SH   SOLE   0 212,042 0
MARATHON PATENT GROUP, INC. COM NEW 56585W203 1,574 915,194 SH   SOLE   0 915,194 0
MARTEN TRANS LTD COM 573075108 2,330 100,000 SH   SOLE   0 100,000 0
MATERION CORP COM 576690101 9,179 231,802 SH   SOLE   0 231,802 0
MDU RES GROUP INC COM 552690109 23,363 812,053 SH   SOLE   0 808,793 3,260
MELLANOX TECHNOLOGIES, LTD. SHS M51363113 8,180 200,000 SH   SOLE   0 200,000 0
MGIC INVT CORP WIS COM 552848103 21,999 2,158,896 SH   SOLE   0 2,088,496 70,400
MGP INGREDIENTS INC NEW COM 55303J106 7,497 150,000 SH   SOLE   0 150,000 0
MURPHY USA INC COM 626755102 215 3,502 SH   SOLE   0 3,502 0
NATIONAL OILWELL VARCO INC COM 637071101 389 10,390 SH   SOLE   0 10,390 0
NCI INC CL A 62886K104 7,997 573,297 SH   SOLE   0 573,297 0
NEWPARK RES INC COM PAR $.01NEW 651718504 7,454 993,804 SH   SOLE   0 983,709 10,095
NORTHWEST PIPE CO COM 667746101 8,930 518,600 SH   SOLE   0 516,100 2,500
NOW INC COM 67011P100 12,195 595,771 SH   SOLE   0 595,771 0
OIL DRI CORP AMER COM 677864100 3,821 100,000 SH   SOLE   0 100,000 0
OIL STATES INTERNATIONAL, INC. COM 678026105 2,595 66,532 SH   SOLE   0 66,532 0
OLD NATL BANCORP IND COM 680033107 8,493 467,922 SH   SOLE   0 467,922 0
OLIN CORP COM PAR $1 680665205 398 15,529 SH   SOLE   0 15,529 0
ONEBEACON INSURANCE GROUP LT CL A G67742109 18,708 1,165,627 SH   SOLE   0 1,165,627 0
ORACLE CORP COM 68389X105 7,388 192,155 SH   SOLE   0 189,909 2,246
OSHKOSH CORP COM 688239201 7,374 114,130 SH   SOLE   0 112,232 1,897
PACCAR INC COM 693718108 342 5,348 SH   SOLE   0 5,348 0
PACIFIC CONTINENTAL CORP COM 69412V108 6,555 300,000 SH   SOLE   0 300,000 0
PACWEST BANCORP DEL COM 695263103 10,888 200,000 SH   SOLE   0 200,000 0
PARK ELECTROCHEMICAL CORP COM 700416209 33,641 1,803,797 SH   SOLE   0 1,803,797 0
PARKER HANNIFIN CORP COM 701094104 306 2,184 SH   SOLE   0 2,184 0
PATTERSON UTI ENERGY INC COM 703481101 11,928 443,107 SH   SOLE   0 443,107 0
PEOPLES UTAH BANCORP COM 712706209 4,028 150,000 SH   SOLE   0 150,000 0
PERMA-FIX ENVIRONMENTAL SVCS COM NEW 714157203 6,599 1,691,984 SH   SOLE   0 1,530,377 161,607
PFIZER INC COM 717081103 7,671 236,167 SH   SOLE   0 233,042 3,124
PHOTRONICS INC COM 719405102 8,118 718,371 SH   SOLE   0 711,896 6,475
PIONEER PWR SOLUTIONS INC COM NEW 723836300 1,785 300,000 SH   SOLE   0 300,000 0
PIXELWORKS INC COM NEW 72581M305 6,300 2,250,000 SH   SOLE   0 2,250,000 0
PNC FINL SVCS GROUP INC COM 693475105 12,635 108,025 SH   SOLE   0 106,559 1,466
POPULAR INC COM NEW 733174700 486 11,082 SH   SOLE   0 11,082 0
POTASH CORPORATION OF SASKATCHEWAN INC. COM 73755L107 6,433 355,593 SH   SOLE   0 351,604 3,989
POTLATCH CORPORATIO NEW COM 737630103 12,026 288,745 SH   SOLE   0 288,745 0
PRINCIPAL FINL GROUP INC COM 74251V102 9,283 160,434 SH   SOLE   0 158,022 2,411
PROGRESS SOFTWARE CORP COM 743312100 12,966 406,091 SH   SOLE   0 406,091 0
PULTE GROUP INC COM 745867101 6,372 346,667 SH   SOLE   0 343,116 3,550
QUEST DIAGNOSTICS INC COM 74834L100 16,836 183,197 SH   SOLE   0 181,130 2,067
RADIAN GROUP INC. COM 750236101 18,645 1,037,000 SH   SOLE   0 988,500 48,500
RADISYS CORP COM 750459109 12,522 2,826,538 SH   SOLE   0 2,666,463 160,075
RCM TECHNOLOGIES INC COM NEW 749360400 6,996 1,100,000 SH   SOLE   0 1,100,000 0
REGIS CORP MINN COM 758932107 17,721 1,220,450 SH   SOLE   0 1,220,450 0
REINSURANCE GROUP AMER INC COM NEW 759351604 271 2,151 SH   SOLE   0 2,151 0
RETAILMENOT COM SER 1 76132B106 10,230 1,100,000 SH   SOLE   0 1,100,000 0
RING ENERGY INC COM 76680V108 2,598 200,000 SH   SOLE   0 200,000 0
RPC INC COM 749660106 10,727 541,477 SH   SOLE   0 541,477 0
RYMAN HOSPITALITY PROPERTIES, INC. COM 78377T107 7,303 115,910 SH   SOLE   0 115,910 0
SAFEGUARD SCIENTIFICS INC COM NEW 786449207 7,228 537,398 SH   SOLE   0 537,398 0
SCHNITZER STL INDS CL A 806882106 12,241 476,292 SH   SOLE   0 476,292 0
SEMTECH CORPORATION COM 816850101 11,007 348,880 SH   SOLE   0 348,880 0
SHARPS COMPLIANCE CORP COM 820017101 2,298 600,000 SH   SOLE   0 600,000 0
SONIC AUTOMOTIVE INC CL A 83545G102 13,806 602,901 SH   SOLE   0 575,850 27,051
SPARTAN MTRS INC COM 846819100 4,625 500,000 SH   SOLE   0 500,000 0
STAPLES INC COM 855030102 241 26,577 SH   SOLE   0 26,577 0
STARTEK INC COM 85569C107 12,188 1,442,400 SH   SOLE   0 1,442,400 0
STATE AUTO FINL CORP COM 855707105 8,043 300,000 SH   SOLE   0 300,000 0
STONERIDGE INC COM 86183P102 5,307 300,000 SH   SOLE   0 300,000 0
SUNOPTA INC COM 8676EP108 3,173 450,000 SH   SOLE   0 450,000 0
SUNTRUST BKS INC COM 867914103 294 5,352 SH   SOLE   0 5,352 0
SUPERCOM LTD NEW SHS NEW M87095119 5,405 1,594,499 SH   SOLE   0 1,523,499 71,000
SYNERGY RES CORP COM 87164P103 16,363 1,836,500 SH   SOLE   0 1,751,800 84,700
TECHTARGET INC COM 87874R100 3,412 400,000 SH   SOLE   0 400,000 0
THE BANCORP INC COM 05969A105 12,099 1,539,303 SH   SOLE   0 1,457,703 81,600
THERAPEUTICSMD COM 88338N107 4,328 750,000 SH   SOLE   0 750,000 0
TITAN INTL INC ILL COM 88830M102 11,049 985,638 SH   SOLE   0 985,638 0
TITAN MACHINERY, INC. COM 88830R101 4,371 300,000 SH   SOLE   0 300,000 0
TIVO CORP COM 88870P106 14,630 700,000 SH   SOLE   0 700,000 0
TRANSCAT INC COM 893529107 6,480 600,000 SH   SOLE   0 600,000 0
TRC COS INC COM 872625108 4,105 387,235 SH   SOLE   0 387,235 0
TRICO BANCSHARES COM 896095106 12,897 377,320 SH   SOLE   0 377,320 0
TRIMAS CORP COM NEW 896215209 16,831 716,210 SH   SOLE   0 716,210 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 10,614 1,533,750 SH   SOLE   0 1,413,950 119,800
TRIPLE-S MGMT CORP CL B 896749108 10,780 520,760 SH   SOLE   0 514,846 5,914
TRISTATE CAP HLDGS INC COM 89678F100 21,525 974,000 SH   SOLE   0 974,000 0
TRIUMPH GROUP INC NEW COM 896818101 5,300 200,000 SH   SOLE   0 200,000 0
UMPQUA HLDGS CORP COM 904214103 10,591 563,931 SH   SOLE   0 563,931 0
UNIT CORP COM 909218109 11,831 440,292 SH   SOLE   0 440,292 0
UNIVERSAL TECHNICAL INST INC COM 913915104 2,910 1,000,000 SH   SOLE   0 1,000,000 0
WAL MART STORES INC COM 931142103 14,556 210,591 SH   SOLE   0 208,539 2,052
WASHINGTON FED INC COM 938824109 1,482 43,141 SH   SOLE   0 41,718 1,423
WELLS FARGO & CO NEW COM 949746101 12,347 224,040 SH   SOLE   0 221,731 2,309
WERNER ENTERPRISES INC COM 950755108 14,608 542,036 SH   SOLE   0 542,036 0
WEST CORPORATION COM 952355204 3,060 123,587 SH   SOLE   0 123,587 0
WESTERN UN CO COM 959802109 396 18,213 SH   SOLE   0 18,213 0
WILLBROS GROUP INC DEL COM 969203108 14,009 4,323,863 SH   SOLE   0 4,117,561 206,302
WOLVERINE WORLD WIDE, INC. COM 978097103 10,163 462,990 SH   SOLE   0 462,990 0
WPX ENERGY INC COM 98212B103 10,344 709,977 SH   SOLE   0 709,977 0
ZIONS BANCORPORATION COM 989701107 23,990 557,390 SH   SOLE   0 555,714 1,676