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 930 29,556 SH   SOLE   22,706 0 6,850
ARC Document Solutions COM 00191G103 2,752 797,651 SH   SOLE   597,544 0 200,107
AXT Inc COM 00246W103 4,539 782,534 SH   SOLE   589,674 0 192,860
Acacia Research Corp COM 003881307 5,336 927,985 SH   SOLE   708,685 0 219,300
Actuant Corp Cls A COM 00508X203 370 14,050 SH   SOLE   10,800 0 3,250
Almost Family Inc COM 020409108 2,970 61,106 SH   SOLE   45,812 0 15,294
Altisource Residential Corp RE COM 02153W100 1,484 97,320 SH   SOLE   74,810 0 22,510
American Equity Investment Lif COM 025676206 892 37,740 SH   SOLE   29,000 0 8,740
American River Bankshares COM 029326105 4,019 271,212 SH   SOLE   212,033 0 59,179
American Software, Inc COM 029683109 735 71,470 SH   SOLE   54,990 0 16,480
Amtech Systems COM 032332504 1,887 343,037 SH   SOLE   257,021 0 86,016
Asure Software COM 04649U102 3,010 292,777 SH   SOLE   219,397 0 73,380
Atlantic Capital Bank COM 048269203 3,133 165,337 SH   SOLE   123,901 0 41,436
BG Staffing COM 05544A109 3,810 266,278 SH   SOLE   199,900 0 66,378
Banc of California Inc COM 05990K106 742 35,840 SH   SOLE   27,540 0 8,300
Bank of Commerce Hlds COM 06424J103 3,785 353,706 SH   SOLE   277,386 0 76,320
Barrett Business Services Inc COM 068463108 5,538 101,393 SH   SOLE   77,802 0 23,591
Big 5 Sporting Goods Corp COM 08915P101 4,525 299,645 SH   SOLE   225,991 0 73,654
Blucora Inc COM 095229100 1,024 59,200 SH   SOLE   45,550 0 13,650
Bofi Holding, INC. COM 05566U108 937 35,860 SH   SOLE   27,560 0 8,300
Build A Bear Workshop COM 120076104 3,592 405,925 SH   SOLE   309,764 0 96,161
CAI International Inc COM 12477X106 6,819 433,203 SH   SOLE   326,375 0 106,828
CB Financial Services COM 12479G101 1,443 50,984 SH   SOLE   39,310 0 11,674
CRH Medical COM 12626F105 5,682 692,974 SH   SOLE   545,182 0 147,792
CTS Corp COM 126501105 504 23,660 SH   SOLE   18,190 0 5,470
Caleres Inc COM 129500104 1,424 53,890 SH   SOLE   41,480 0 12,410
Care Trust REIT Inc COM 14174T107 904 53,767 SH   SOLE   41,387 0 12,380
Citi Trends Inc COM 17306X102 954 56,120 SH   SOLE   43,160 0 12,960
Cohu Inc COM 192576106 4,883 264,544 SH   SOLE   195,558 0 68,986
Columbus McKinnon Corp COM 199333105 3,967 159,813 SH   SOLE   120,517 0 39,296
Comfort Systems USA Inc COM 199908104 1,410 38,460 SH   SOLE   29,550 0 8,910
Computer Task Group Inc COM 205477102 567 102,690 SH   SOLE   78,940 0 23,750
Comtech Telecommunications Cor COM 205826209 3,438 233,273 SH   SOLE   174,783 0 58,490
Conifer Holdings Inc COM 20731J102 2,116 289,883 SH   SOLE   236,917 0 52,966
ConnectOne Bancorp COM 20786W107 1,399 57,710 SH   SOLE   44,390 0 13,320
Cra Intl Inc COM 12618T105 3,335 94,406 SH   SOLE   70,720 0 23,686
Customers Bancorp COM 23204G100 1,706 54,100 SH   SOLE   41,610 0 12,490
DMC Global Inc COM 23291C103 3,856 311,001 SH   SOLE   243,117 0 67,884
DXP Enterprises, Inc COM 233377407 846 22,330 SH   SOLE   17,210 0 5,120
Daktronics, Inc COM 234264109 960 101,630 SH   SOLE   78,130 0 23,500
DeVry Education Group Inc COM 251893103 1,295 36,520 SH   SOLE   28,110 0 8,410
Donegal Group Inc COM 257701201 564 32,006 SH   SOLE   24,646 0 7,360
Douglas Dynamics Inc COM 25960R105 722 23,540 SH   SOLE   18,130 0 5,410
EPlus Inc COM 294268107 1,434 10,620 SH   SOLE   7,870 0 2,750
Ennis Inc COM 293389102 1,067 62,790 SH   SOLE   48,330 0 14,460
Ensign Group Inc COM 29358P101 871 46,340 SH   SOLE   35,670 0 10,670
Essendant Inc COM 296689102 451 29,750 SH   SOLE   22,870 0 6,880
Express Inc COM 30219E103 432 47,460 SH   SOLE   36,510 0 10,950
FS Bancorp COM 30263Y104 2,274 60,923 SH   SOLE   45,640 0 15,283
Farmers National Banc Corp COM 309627107 4,595 320,178 SH   SOLE   239,786 0 80,392
Federal Signal Corp COM 313855108 897 64,980 SH   SOLE   49,990 0 14,990
Finish Line Inc COM 317923100 523 36,720 SH   SOLE   28,270 0 8,450
First Bancshares Inc COM 318916103 2,798 98,168 SH   SOLE   73,553 0 24,615
First Financial Corp COM 320218100 868 18,270 SH   SOLE   14,050 0 4,220
First Interstate Bancsystem cl COM 32055Y201 1,190 30,000 SH   SOLE   23,080 0 6,920
First Northwest COM 335834107 1,969 127,030 SH   SOLE   97,850 0 29,180
FormFactor COM 346375108 902 76,150 SH   SOLE   61,960 0 14,190
Francesca's Holdings Corp COM 351793104 916 59,690 SH   SOLE   45,920 0 13,770
Genesco Inc COM 371532102 328 5,920 SH   SOLE   4,550 0 1,370
GigPeak Inc COM 37518Q109 5,380 1,746,602 SH   SOLE   1,453,432 0 293,170
Greenight Capital Cl A COM G4095J109 986 44,610 SH   SOLE   34,300 0 10,310
Guess Inc COM 401617105 520 46,670 SH   SOLE   35,860 0 10,810
Hallmark Financial Services In COM 40624Q203 789 71,410 SH   SOLE   58,320 0 13,090
Hanger Inc COM 41043F208 732 54,870 SH   SOLE   42,280 0 12,590
Hardinge Inc COM 412324303 3,840 341,599 SH   SOLE   255,866 0 85,733
Heritage Financial COM 42722X106 727 29,369 SH   SOLE   22,589 0 6,780
Heritage Insurance Hlds Inc COM 42727J102 3,764 294,750 SH   SOLE   250,680 0 44,070
Hibbett Sports Inc COM 428567101 844 28,610 SH   SOLE   22,000 0 6,610
Homestreet Inc COM 43785V102 1,092 39,060 SH   SOLE   30,690 0 8,370
Horizon Bancorp COM 440407104 4,204 160,323 SH   SOLE   120,103 0 40,220
Houston Wire & Cable Co COM 44244K109 588 87,150 SH   SOLE   67,060 0 20,090
Hurco Companies Inc COM 447324104 3,430 110,297 SH   SOLE   82,621 0 27,676
InnerWorkings COM 45773Y105 5,013 503,311 SH   SOLE   378,894 0 124,417
Insight Enterprises Inc COM 45765U103 1,168 28,430 SH   SOLE   21,860 0 6,570
Integer Holdings Corp COM 45826H109 1,299 32,310 SH   SOLE   24,860 0 7,450
Intevac Inc COM 461148108 1,257 100,560 SH   SOLE   73,550 0 27,010
Invacare COM 461203101 493 41,450 SH   SOLE   31,940 0 9,510
Kirkland's Inc COM 497498105 885 71,370 SH   SOLE   54,870 0 16,500
Lakeland Bancorp COM 511637100 897 45,750 SH   SOLE   35,170 0 10,580
Landec Corp COM 514766104 3,325 277,062 SH   SOLE   208,888 0 68,174
Libbey Inc COM 529898108 630 43,210 SH   SOLE   33,250 0 9,960
Lifetime Brands Inc COM 53222Q103 5,391 268,211 SH   SOLE   201,957 0 66,254
MagicJack VocalTec Ltd COM M6787E101 6,049 707,521 SH   SOLE   529,881 0 177,640
Maiden Holdings, Ltd COM G5753U112 1,346 96,160 SH   SOLE   73,940 0 22,220
Manitex International Inc COM 563420108 3,324 496,134 SH   SOLE   371,629 0 124,505
Marcus & Millichap Inc COM 566324109 945 38,430 SH   SOLE   30,790 0 7,640
Matrix Service Co COM 576853105 845 51,240 SH   SOLE   42,650 0 8,590
Medifast Inc COM 58470H101 4,829 108,838 SH   SOLE   81,998 0 26,840
Meet Group Inc NPV COM 58513U101 6,019 1,021,841 SH   SOLE   781,901 0 239,940
Meta Financial Group COM 59100U108 5,321 60,126 SH   SOLE   45,240 0 14,886
MidSouth Bancorp Inc COM 598039105 3,805 248,669 SH   SOLE   194,278 0 54,391
MidWestOne Financial Group COM 598511103 885 25,820 SH   SOLE   22,530 0 3,290
Midland States COM 597742105 2,825 82,160 SH   SOLE   64,470 0 17,690
Multi-Color Corp COM 625383104 1,191 16,770 SH   SOLE   12,900 0 3,870
NN Inc COM 629337106 7,069 280,502 SH   SOLE   211,304 0 69,198
NV5 Global Inc COM 62945V109 4,848 128,928 SH   SOLE   97,113 0 31,815
Natural Gas Services Group Inc COM 63886Q109 2,724 104,568 SH   SOLE   78,326 0 26,242
Netgear Inc COM 64111Q104 1,112 22,450 SH   SOLE   17,690 0 4,760
Newpark Resources Inc COM 651718504 991 122,360 SH   SOLE   94,130 0 28,230
Northeast Bancorp COM 663904209 1,514 98,930 SH   SOLE   74,100 0 24,830
Northrim BanCorp Inc COM 666762109 2,421 80,580 SH   SOLE   60,948 0 19,632
Northwest Pipe COM 667746101 3,783 240,816 SH   SOLE   180,400 0 60,416
Novanta Inc COM 67000B104 1,910 71,922 SH   SOLE   55,302 0 16,620
Ocwen Financial Corp COM 675746309 1,081 197,620 SH   SOLE   151,940 0 45,680
Orrstown Financial Services COM 687380105 2,154 96,389 SH   SOLE   74,745 0 21,644
PAM Transportation Services, I COM 693149106 2,348 144,141 SH   SOLE   107,981 0 36,160
PC Connection COM 69318J100 4,977 167,071 SH   SOLE   125,887 0 41,184
PCM Inc COM 69323K100 6,242 222,527 SH   SOLE   166,696 0 55,831
PRA Group COM 69354N106 1,035 31,230 SH   SOLE   24,040 0 7,190
Pacific Mercantile Bancorp COM 694552100 1,781 235,929 SH   SOLE   180,201 0 55,728
Pennantpark Floating Rate Capi COM 70806A106 3,384 242,734 SH   SOLE   182,954 0 59,780
People's Utah Bancorp COM 712706209 3,935 148,761 SH   SOLE   109,256 0 39,505
Perry Ellis International COM 288853104 790 36,790 SH   SOLE   28,300 0 8,490
Photronics Inc COM 719405102 1,373 128,330 SH   SOLE   100,580 0 27,750
Pier 1 Imports COM 720279108 692 96,660 SH   SOLE   74,360 0 22,300
Premier Financial Bancorp COM 74050M105 4,340 206,384 SH   SOLE   164,771 0 41,613
ProFire Energy COM 74316X101 1,774 1,258,505 SH   SOLE   943,200 0 315,305
Quantum Corp COM 747906501 3,470 3,988,157 SH   SOLE   3,005,523 0 982,634
RPX Corporation COM 74972G103 894 74,530 SH   SOLE   60,660 0 13,870
RadiSys Corp COM 750459109 6,870 1,717,437 SH   SOLE   1,351,801 0 365,636
Resources Connection COM 76122Q105 1,077 64,320 SH   SOLE   49,430 0 14,890
Rocky Brands, Inc COM 774515100 2,028 175,568 SH   SOLE   141,317 0 34,251
Rudolph Technologies Inc COM 781270103 3,627 161,914 SH   SOLE   122,124 0 39,790
SP Plus Corp COM 78469C103 1,297 38,440 SH   SOLE   29,540 0 8,900
Sabra Health Care Reit COM 78573L106 834 29,850 SH   SOLE   22,970 0 6,880
Silvercrest Asset Mgmnt Grp Cl COM 828359109 2,597 195,247 SH   SOLE   154,935 0 40,312
Spartan Motors Inc COM 846819100 3,383 422,826 SH   SOLE   318,760 0 104,066
SpartanNash Co COM 847215100 1,010 28,856 SH   SOLE   22,206 0 6,650
Standard Motor COM 853666105 1,171 23,830 SH   SOLE   18,340 0 5,490
Standex International Corp COM 854231107 756 7,550 SH   SOLE   5,810 0 1,740
Sterling Construction Co Inc COM 859241101 5,054 546,420 SH   SOLE   411,600 0 134,820
Super Micro Computer, Inc COM 86800U104 1,887 74,420 SH   SOLE   58,740 0 15,680
Sykes Enterprises COM 871237103 1,259 42,840 SH   SOLE   32,960 0 9,880
Textainer Group Holdings COM G8766E109 2,257 147,520 SH   SOLE   113,410 0 34,110
Third Point Reinsurrance Ltd COM G8827U100 1,060 87,580 SH   SOLE   67,330 0 20,250
Triton International Ltd COM G9078F107 1,647 63,860 SH   SOLE   49,120 0 14,740
TrueBlue Inc COM 89785X101 737 26,940 SH   SOLE   20,730 0 6,210
Twin Disc Inc COM 901476101 7,465 362,905 SH   SOLE   273,044 0 89,861
Ultra Clean Holdings COM 90385V107 8,072 478,483 SH   SOLE   351,795 0 126,688
Unique Fabricating COM 90915J103 1,411 117,272 SH   SOLE   93,890 0 23,382
Univest Corp of Pennsylvania COM 915271100 945 36,470 SH   SOLE   28,060 0 8,410
Wabash National Corp COM 929566107 1,620 78,290 SH   SOLE   60,150 0 18,140
Web.com Group, Inc COM 94733A104 1,284 66,510 SH   SOLE   53,110 0 13,400
West Bancorporation COM 95123P106 1,356 59,100 SH   SOLE   49,150 0 9,950
Windstream Holdings Inc COM 97382A200 596 109,360 SH   SOLE   84,160 0 25,200
Xcerra Corp COM 98400J108 8,305 934,152 SH   SOLE   704,174 0 229,978
ZAGG Inc COM 98884U108 4,383 608,701 SH   SOLE   459,114 0 149,587