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 760 22,706 SH   SOLE   22,706 0 0
AEP Industries COM 001031103 2,953 25,436 SH   SOLE   20,770 0 4,666
ARC Document Solutions COM 00191G103 3,375 664,467 SH   SOLE   544,110 0 120,357
AXT Inc COM 00246W103 2,779 578,860 SH   SOLE   473,980 0 104,880
Acacia Research Corp COM 003881307 4,442 683,460 SH   SOLE   584,080 0 99,380
Actuant Corp Cls A COM 00508X203 280 10,800 SH   SOLE   10,800 0 0
Almost Family Inc COM 020409108 2,247 50,944 SH   SOLE   41,750 0 9,194
Altisource Residential Corp RE COM 02153W100 826 74,810 SH   SOLE   74,810 0 0
American Equity Investment Lif COM 025676206 938 41,600 SH   SOLE   41,600 0 0
American River Bankshares COM 029326105 3,567 236,068 SH   SOLE   193,366 0 42,702
American Software, Inc COM 029683109 568 54,990 SH   SOLE   54,990 0 0
Amtech Systems COM 032332504 1,212 285,156 SH   SOLE   233,470 0 51,686
Arctic Cat Inc COM 039670104 929 61,825 SH   SOLE   52,320 0 9,505
Asure Software COM 04649U102 2,076 243,910 SH   SOLE   199,850 0 44,060
Atlantic Capital Bank COM 048269203 2,615 137,607 SH   SOLE   112,661 0 24,946
BG Staffing COM 05544A109 3,151 202,018 SH   SOLE   165,470 0 36,548
Bancorp Inc COM 05969A105 3,721 473,354 SH   SOLE   404,220 0 69,134
Bank of Commerce Hlds COM 06424J103 3,322 349,695 SH   SOLE   286,330 0 63,365
Barrett Business Services Inc COM 068463108 4,963 77,431 SH   SOLE   66,620 0 10,811
Big 5 Sporting Goods Corp COM 08915P101 3,476 200,354 SH   SOLE   174,410 0 25,944
Blucora Inc COM 095229100 672 45,550 SH   SOLE   45,550 0 0
Bofi Holding, INC. COM 05566U108 1,526 53,440 SH   SOLE   53,440 0 0
Build A Bear Workshop COM 120076104 3,354 243,901 SH   SOLE   206,500 0 37,401
CAI International Inc COM 12477X106 3,077 354,908 SH   SOLE   303,310 0 51,598
CB Financial Services COM 12479G101 1,796 69,459 SH   SOLE   56,890 0 12,569
CRH Medical COM 12626F105 5,393 1,027,232 SH   SOLE   889,120 0 138,112
CTS Corp COM 126501105 407 18,190 SH   SOLE   18,190 0 0
Caleres Inc COM 129500104 1,361 41,480 SH   SOLE   41,480 0 0
Care Trust REIT Inc COM 14174T107 634 41,387 SH   SOLE   41,387 0 0
Citi Trends Inc COM 17306X102 813 43,160 SH   SOLE   43,160 0 0
Cohu Inc COM 192576106 3,428 246,606 SH   SOLE   201,950 0 44,656
Columbus McKinnon Corp COM 199333105 3,527 130,426 SH   SOLE   112,130 0 18,296
Comfort Systems USA Inc COM 199908104 984 29,550 SH   SOLE   29,550 0 0
Computer Task Group Inc COM 205477102 332 78,940 SH   SOLE   78,940 0 0
Conifer Holdings Inc COM 20731J102 2,138 262,339 SH   SOLE   214,870 0 47,469
ConnectOne Bancorp COM 20786W107 1,152 44,390 SH   SOLE   44,390 0 0
Cra Intl Inc COM 12618T105 3,452 94,316 SH   SOLE   77,240 0 17,076
Customers Bancorp COM 23204G100 1,490 41,610 SH   SOLE   41,610 0 0
DMC Global Inc COM 23291C103 4,285 270,320 SH   SOLE   221,410 0 48,910
DXP Enterprises, Inc COM 233377407 598 17,210 SH   SOLE   17,210 0 0
Daktronics, Inc COM 234264109 836 78,130 SH   SOLE   78,130 0 0
Datalink Corp COM 237934104 4,837 429,591 SH   SOLE   351,900 0 77,691
DeVry Education Group Inc COM 251893103 877 28,110 SH   SOLE   28,110 0 0
Donegal Group Inc COM 257701201 431 24,646 SH   SOLE   24,646 0 0
Douglas Dynamics Inc COM 25960R105 610 18,130 SH   SOLE   18,130 0 0
EPlus Inc COM 294268107 1,056 9,170 SH   SOLE   9,170 0 0
Earthlink Holdings COM 27033X101 580 102,890 SH   SOLE   102,890 0 0
Ennis Inc COM 293389102 839 48,330 SH   SOLE   48,330 0 0
Ensign Group Inc COM 29358P101 792 35,670 SH   SOLE   35,670 0 0
Essendant Inc COM 296689102 478 22,870 SH   SOLE   22,870 0 0
Express Inc COM 30219E103 393 36,510 SH   SOLE   36,510 0 0
FS Bancorp COM 30263Y104 1,414 39,343 SH   SOLE   32,220 0 7,123
Farmers National Banc Corp COM 309627107 3,161 222,612 SH   SOLE   182,340 0 40,272
Federal Signal Corp COM 313855108 780 49,990 SH   SOLE   49,990 0 0
Finish Line Inc COM 317923100 532 28,270 SH   SOLE   28,270 0 0
First Bancshares Inc COM 318916103 2,251 81,858 SH   SOLE   67,043 0 14,815
First Financial Corp COM 320218100 742 14,050 SH   SOLE   14,050 0 0
First Interstate Bancsystem cl COM 32055Y201 982 23,080 SH   SOLE   23,080 0 0
FormFactor COM 346375108 532 47,460 SH   SOLE   47,460 0 0
Francesca's Holdings Corp COM 351793104 828 45,920 SH   SOLE   45,920 0 0
Genesco Inc COM 371532102 283 4,550 SH   SOLE   4,550 0 0
GigPeak Inc COM 37518Q109 3,733 1,481,175 SH   SOLE   1,212,890 0 268,285
Gordmans Stores COM 38269P100 464 676,818 SH   SOLE   554,060 0 122,758
Greenight Capital Cl A COM G4095J109 782 34,300 SH   SOLE   34,300 0 0
Guess Inc COM 401617105 283 23,360 SH   SOLE   23,360 0 0
Hallmark Financial Services In COM 40624Q203 507 43,620 SH   SOLE   43,620 0 0
Hanger Inc COM 41043F208 486 42,280 SH   SOLE   42,280 0 0
Hardinge Inc COM 412324303 3,157 284,942 SH   SOLE   233,409 0 51,533
Heritage Financial COM 42722X106 582 22,589 SH   SOLE   22,589 0 0
Heritage Insurance Hlds Inc COM 42727J102 286 18,240 SH   SOLE   18,240 0 0
Hibbett Sports Inc COM 428567101 821 22,000 SH   SOLE   22,000 0 0
Homestreet Inc COM 43785V102 881 27,890 SH   SOLE   27,890 0 0
Horizon Bancorp COM 440407104 3,740 133,585 SH   SOLE   109,375 0 24,210
Houston Wire & Cable Co COM 44244K109 436 67,060 SH   SOLE   67,060 0 0
Hurco Companies Inc COM 447324104 2,795 84,426 SH   SOLE   69,430 0 14,996
InnerWorkings COM 45773Y105 4,066 412,767 SH   SOLE   351,670 0 61,097
Insight Enterprises Inc COM 45765U103 884 21,860 SH   SOLE   21,860 0 0
Integer Holdings Corp COM 45826H109 732 24,860 SH   SOLE   24,860 0 0
Intevac Inc COM 461148108 771 90,150 SH   SOLE   90,150 0 0
Intralinks Holdings COM 46118H104 767 56,750 SH   SOLE   56,750 0 0
Invacare COM 461203101 417 31,940 SH   SOLE   31,940 0 0
Kirkland's Inc COM 497498105 851 54,870 SH   SOLE   54,870 0 0
Lakeland Bancorp COM 511637100 686 35,170 SH   SOLE   35,170 0 0
Landec Corp COM 514766104 3,132 226,972 SH   SOLE   194,788 0 32,184
Libbey Inc COM 529898108 647 33,250 SH   SOLE   33,250 0 0
Lifetime Brands Inc COM 53222Q103 3,931 221,469 SH   SOLE   187,905 0 33,564
MagicJack VocalTec Ltd COM M6787E101 3,541 516,882 SH   SOLE   423,390 0 93,492
Maiden Holdings, Ltd COM G5753U112 1,291 74,010 SH   SOLE   74,010 0 0
Manitex International Inc COM 563420108 2,839 413,875 SH   SOLE   339,030 0 74,845
Marcus & Millichap Inc COM 566324109 285 10,670 SH   SOLE   10,670 0 0
Matrix Service Co COM 576853105 648 28,550 SH   SOLE   28,550 0 0
Medifast Inc COM 58470H101 3,711 89,140 SH   SOLE   76,240 0 12,900
Meta Financial Group COM 59100U108 3,833 37,246 SH   SOLE   30,500 0 6,746
MidSouth Bancorp Inc COM 598039105 2,934 215,735 SH   SOLE   176,640 0 39,095
MidWestOne Financial Group COM 598511103 414 11,010 SH   SOLE   11,010 0 0
Multi-Color Corp COM 625383104 1,001 12,900 SH   SOLE   12,900 0 0
NN Inc COM 629337106 4,381 229,988 SH   SOLE   196,820 0 33,168
NV5 Global Inc COM 62945V109 4,201 125,765 SH   SOLE   107,620 0 18,145
Natural Gas Services Group Inc COM 63886Q109 2,796 86,952 SH   SOLE   71,190 0 15,762
Netgear Inc COM 64111Q104 695 12,790 SH   SOLE   12,790 0 0
Newpark Resources Inc COM 651718504 706 94,130 SH   SOLE   94,130 0 0
Northrim BanCorp Inc COM 666762109 2,143 67,808 SH   SOLE   55,538 0 12,270
Northwest Pipe COM 667746101 3,460 200,906 SH   SOLE   164,570 0 36,336
Novanta Inc COM 67000B104 1,161 55,302 SH   SOLE   55,302 0 0
Ocwen Financial Corp COM 675746309 819 151,940 SH   SOLE   151,940 0 0
Orrstown Financial Services COM 687380105 1,424 63,578 SH   SOLE   52,060 0 11,518
PAM Transportation Services, I COM 693149106 2,743 105,587 SH   SOLE   86,838 0 18,749
PC Connection COM 69318J100 3,844 136,854 SH   SOLE   117,300 0 19,554
PCM Inc COM 69323K100 4,173 185,451 SH   SOLE   151,880 0 33,571
PRA Group COM 69354N106 940 24,040 SH   SOLE   24,040 0 0
Pacific Continental Corp COM 69412V108 4,532 207,423 SH   SOLE   178,290 0 29,133
Pacific Mercantile Bancorp COM 694552100 2,695 369,231 SH   SOLE   302,119 0 67,112
Pennantpark Floating Rate Capi COM 70806A106 2,791 197,828 SH   SOLE   170,389 0 27,439
People's Utah Bancorp COM 712706209 3,915 145,825 SH   SOLE   119,420 0 26,405
Perry Ellis International COM 288853104 705 28,300 SH   SOLE   28,300 0 0
Photronics Inc COM 719405102 1,045 92,480 SH   SOLE   92,480 0 0
Pier 1 Imports COM 720279108 635 74,360 SH   SOLE   74,360 0 0
Premier Financial Bancorp COM 74050M105 3,682 183,172 SH   SOLE   150,073 0 33,099
ProFire Energy COM 74316X101 1,444 1,046,585 SH   SOLE   856,810 0 189,775
Quantum Corp COM 747906204 2,202 2,646,144 SH   SOLE   2,166,790 0 479,354
RPX Corporation COM 74972G103 502 46,460 SH   SOLE   46,460 0 0
RadiSys Corp COM 750459109 5,970 1,347,610 SH   SOLE   1,151,970 0 195,640
Resources Connection COM 76122Q105 616 32,000 SH   SOLE   32,000 0 0
Rocky Brands, Inc COM 774515100 1,812 156,862 SH   SOLE   128,440 0 28,422
Rudolph Technologies Inc COM 781270103 3,094 132,500 SH   SOLE   113,860 0 18,640
SP Plus Corp COM 78469C103 832 29,540 SH   SOLE   29,540 0 0
Sabra Health Care Reit COM 78573L106 561 22,970 SH   SOLE   22,970 0 0
Silvercrest Asset Mgmnt Grp Cl COM 828359109 726 55,210 SH   SOLE   45,210 0 10,000
Spartan Motors Inc COM 846819100 3,204 346,396 SH   SOLE   297,040 0 49,356
SpartanNash Co COM 847215100 878 22,206 SH   SOLE   22,206 0 0
Stage Stores Inc COM 85254C305 1,228 280,971 SH   SOLE   239,380 0 41,591
Standard Motor COM 853666105 976 18,340 SH   SOLE   18,340 0 0
Standex International Corp COM 854231107 510 5,810 SH   SOLE   5,810 0 0
Sterling Construction Co Inc COM 859241101 3,790 447,986 SH   SOLE   383,260 0 64,726
Super Micro Computer, Inc COM 86800U104 1,294 46,140 SH   SOLE   46,140 0 0
Sykes Enterprises COM 871237103 951 32,960 SH   SOLE   32,960 0 0
Textainer Group Holdings COM G8766E109 845 113,410 SH   SOLE   113,410 0 0
Third Point Reinsurrance Ltd COM G8827U100 778 67,330 SH   SOLE   67,330 0 0
Triton International Ltd COM G9078F107 776 49,120 SH   SOLE   49,120 0 0
TrueBlue Inc COM 89785X101 511 20,730 SH   SOLE   20,730 0 0
Twin Disc Inc COM 901476101 4,372 299,421 SH   SOLE   253,030 0 46,391
Ultra Clean Holdings COM 90385V107 5,389 555,548 SH   SOLE   474,120 0 81,428
Unique Fabricating COM 90915J103 1,288 88,198 SH   SOLE   72,240 0 15,958
Univest Corp of Pennsylvania COM 915271100 867 28,060 SH   SOLE   28,060 0 0
Wabash National Corp COM 929566107 1,134 71,650 SH   SOLE   71,650 0 0
Web.com Group, Inc COM 94733A104 946 44,710 SH   SOLE   44,710 0 0
Xcerra Corp COM 98400J108 5,841 764,558 SH   SOLE   657,370 0 107,188
ZAGG Inc COM 98884U108 3,375 475,397 SH   SOLE   389,240 0 86,157