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
1-800-Flowers.com Inc COM 68243Q106 986 92,120 SH   SOLE   67,830 0 24,290
A. Schulman Inc COM 808194104 1,411 37,866 SH   SOLE   27,876 0 9,990
ARC Document Solutions COM 00191G103 1,889 740,911 SH   SOLE   589,704 0 151,207
ASV Holdings LLC COM 00215L104 2,854 281,190 SH   SOLE   222,780 0 58,410
AXT Inc COM 00246W103 4,323 496,874 SH   SOLE   394,544 0 102,330
Acacia Research Corp COM 003881307 3,784 934,275 SH   SOLE   731,795 0 202,480
Actuant Corp Cls A COM 00508X203 886 35,030 SH   SOLE   25,800 0 9,230
Alcentra Capital Corp COM 01374T102 1,171 139,600 SH   SOLE   111,020 0 28,580
Altisource Residential Corp Re COM 02153W100 1,168 98,470 SH   SOLE   72,520 0 25,950
American River Bankshares COM 029326105 3,975 260,829 SH   SOLE   207,003 0 53,826
American Software, Inc COM 029683109 603 51,840 SH   SOLE   38,170 0 13,670
Amtech Systems COM 032332504 5,185 514,904 SH   SOLE   408,588 0 106,316
Asure Software COM 04649U102 6,737 477,097 SH   SOLE   374,387 0 102,710
Atlantic Capital Bank COM 048269203 2,704 153,664 SH   SOLE   122,301 0 31,363
Atlas Financial Holdings COM G06207115 3,519 171,230 SH   SOLE   135,890 0 35,340
BG Staffing COM 05544A109 4,232 265,518 SH   SOLE   210,400 0 55,118
Banc of California Inc COM 05990K106 1,408 68,180 SH   SOLE   50,210 0 17,970
Bank of Commerce Hlds COM 06424J103 3,837 333,686 SH   SOLE   265,466 0 68,220
Barrett Business Services Inc COM 068463108 6,363 98,673 SH   SOLE   76,942 0 21,731
Big 5 Sporting Goods Corp COM 08915P101 5,060 665,815 SH   SOLE   517,871 0 147,944
Blucora Inc COM 095229100 892 40,380 SH   SOLE   29,710 0 10,670
Bofi Holding, INC. COM 05566U108 2,036 68,080 SH   SOLE   50,140 0 17,940
Build A Bear Workshop COM 120076104 4,461 484,885 SH   SOLE   380,374 0 104,511
CAI International Inc COM 12477X106 3,076 108,613 SH   SOLE   85,045 0 23,568
CRH Medical COM 12626F105 5,734 2,163,944 SH   SOLE   1,681,512 0 482,432
CTS Corp COM 126501105 614 23,830 SH   SOLE   17,510 0 6,320
Caleres Inc COM 129500104 1,828 54,590 SH   SOLE   40,200 0 14,390
Care Trust REIT Inc COM 14174T107 913 54,452 SH   SOLE   40,102 0 14,350
Citi Trends Inc COM 17306X102 1,503 56,810 SH   SOLE   41,840 0 14,970
Cohu Inc COM 192576106 4,571 208,244 SH   SOLE   165,688 0 42,556
Columbus McKinnon Corp COM 199333105 4,953 123,893 SH   SOLE   96,237 0 27,656
Comfort Systems USA Inc COM 199908104 1,700 38,940 SH   SOLE   28,680 0 10,260
Comtech Telecommunications Cor COM 205826209 6,684 302,183 SH   SOLE   240,443 0 61,740
ConnectOne Bancorp COM 20786W107 1,841 71,490 SH   SOLE   52,630 0 18,860
Cra Intl Inc COM 12618T105 3,948 87,836 SH   SOLE   69,880 0 17,956
Customers Bancorp COM 23204G100 1,833 70,520 SH   SOLE   51,930 0 18,590
DMC Global Inc COM 23291C103 7,592 303,067 SH   SOLE   241,147 0 61,920
DXP Enterprises, Inc COM 233377407 849 28,710 SH   SOLE   21,140 0 7,570
Daktronics, Inc COM 234264109 939 102,840 SH   SOLE   75,740 0 27,100
Donegal Group Inc COM 257701201 558 32,266 SH   SOLE   23,736 0 8,530
Douglas Dynamics Inc COM 25960R105 899 23,790 SH   SOLE   17,520 0 6,270
EPlus Inc COM 294268107 679 9,030 SH   SOLE   6,650 0 2,380
Ennis Inc COM 293389102 1,532 73,850 SH   SOLE   54,370 0 19,480
Ensign Group Inc COM 29358P101 1,042 46,940 SH   SOLE   34,570 0 12,370
Esquire Financial Hld COM 29667J101 4,248 215,180 SH   SOLE   171,170 0 44,010
Essendant Inc COM 296689102 429 46,270 SH   SOLE   34,070 0 12,200
Express Inc COM 30219E103 486 47,840 SH   SOLE   35,150 0 12,690
FS Bancorp COM 30263Y104 2,695 49,383 SH   SOLE   39,290 0 10,093
Farmers National Banc Corp COM 309627107 3,510 237,958 SH   SOLE   189,366 0 48,592
Federal Signal Corp COM 313855108 1,325 65,940 SH   SOLE   48,520 0 17,420
First Bancshares Inc COM 318916103 3,124 91,358 SH   SOLE   72,673 0 18,685
First Financial Corp COM 320218100 982 21,660 SH   SOLE   15,940 0 5,720
First Interstate Bancsystem cl COM 32055Y201 1,216 30,370 SH   SOLE   22,360 0 8,010
First Northwest COM 335834107 2,215 135,900 SH   SOLE   108,160 0 27,740
FormFactor COM 346375108 1,404 89,700 SH   SOLE   66,050 0 23,650
Francesca's Holdings Corp COM 351793104 440 60,170 SH   SOLE   44,210 0 15,960
FreightCar America Inc COM 357023100 2,344 137,240 SH   SOLE   109,160 0 28,080
Global Medical REIT COM 37954A204 3,266 398,320 SH   SOLE   316,770 0 81,550
Great Ajax Corp COM 38983D300 2,945 213,070 SH   SOLE   165,710 0 47,360
Greenight Capital Cl A COM G4095J109 908 45,160 SH   SOLE   33,260 0 11,900
Guess Inc COM 401617105 1,078 63,880 SH   SOLE   47,020 0 16,860
Hallmark Financial Services In COM 40624Q203 1,364 130,770 SH   SOLE   96,260 0 34,510
Hanger Inc COM 41043F208 882 55,970 SH   SOLE   41,220 0 14,750
Hardinge Inc COM 412324303 5,457 313,289 SH   SOLE   248,566 0 64,723
Heritage Insurance Hlds Inc COM 42727J102 6,322 350,820 SH   SOLE   272,910 0 77,910
Hibbett Sports Inc COM 428567101 588 28,800 SH   SOLE   21,170 0 7,630
Homestreet Inc COM 43785V102 1,168 40,350 SH   SOLE   29,710 0 10,640
Horizon Bancorp COM 440407104 4,151 149,323 SH   SOLE   118,793 0 30,530
Houston Wire & Cable Co COM 44244K109 1,557 216,270 SH   SOLE   159,230 0 57,040
Hurco Companies Inc COM 447324104 4,322 102,407 SH   SOLE   81,491 0 20,916
InnerWorkings COM 45773Y105 5,571 555,441 SH   SOLE   435,914 0 119,527
Insight Enterprises Inc COM 45765U103 1,310 34,200 SH   SOLE   25,180 0 9,020
Intevac Inc COM 461148108 1,171 171,000 SH   SOLE   125,920 0 45,080
Kirkland's Inc COM 497498105 867 72,420 SH   SOLE   53,320 0 19,100
Landec Corp COM 514766104 3,316 263,142 SH   SOLE   205,528 0 57,614
Lifetime Brands Inc COM 53222Q103 4,556 276,131 SH   SOLE   216,327 0 59,804
MTS Systems Corp COM 553777103 338 6,300 SH   SOLE   4,640 0 1,660
MagicJack VocalTec Ltd COM M6787E101 5,973 706,911 SH   SOLE   562,471 0 144,440
Maiden Holdings, Ltd COM G5753U112 1,622 245,730 SH   SOLE   180,930 0 64,800
Manitex International Inc COM 563420108 5,824 606,684 SH   SOLE   480,819 0 125,865
Marcus & Millichap Inc COM 566324109 1,931 59,230 SH   SOLE   43,610 0 15,620
Matrix Service Co COM 576853105 1,550 87,080 SH   SOLE   64,110 0 22,970
Meta Financial Group COM 59100U108 6,207 66,996 SH   SOLE   52,070 0 14,926
Metropolitan Bank Hld COM 591774104 4,026 95,640 SH   SOLE   74,390 0 21,250
MidSouth Bancorp Inc COM 598039105 3,193 240,953 SH   SOLE   191,758 0 49,195
MidWestOne Financial Group COM 598511103 1,473 43,940 SH   SOLE   32,340 0 11,600
Midland States COM 597742105 5,841 179,840 SH   SOLE   140,190 0 39,650
MotorCar of America Inc COM 620071100 350 14,000 SH   SOLE   10,300 0 3,700
Multi-Color Corp COM 625383104 833 11,130 SH   SOLE   8,190 0 2,940
NN Inc COM 629337106 7,359 266,642 SH   SOLE   208,514 0 58,128
NV5 Global Inc COM 62945V109 4,463 82,428 SH   SOLE   64,433 0 17,995
Natural Gas Services Group Inc COM 63886Q109 3,285 125,368 SH   SOLE   99,746 0 25,622
Navigant Consulting COM 63935N107 592 30,520 SH   SOLE   22,470 0 8,050
Netgear Inc COM 64111Q104 1,367 23,270 SH   SOLE   17,140 0 6,130
Newpark Resources Inc COM 651718504 1,066 123,980 SH   SOLE   91,310 0 32,670
Northeast Bancorp COM 663904209 2,749 118,730 SH   SOLE   94,430 0 24,300
Northrim BanCorp Inc COM 666762109 2,565 75,778 SH   SOLE   60,278 0 15,500
Northwest Pipe COM 667746101 4,650 242,946 SH   SOLE   193,280 0 49,666
Novanta Inc COM 67000B104 829 16,572 SH   SOLE   12,202 0 4,370
Orrstown Financial Services COM 687380105 2,339 92,633 SH   SOLE   73,745 0 18,888
PAM Transportation Services, I COM 693149106 5,840 169,631 SH   SOLE   134,401 0 35,230
PC Connection COM 69318J100 5,324 203,121 SH   SOLE   158,607 0 44,514
PCM Inc COM 69323K100 3,946 398,597 SH   SOLE   316,987 0 81,610
PRA Group COM 69354N106 1,052 31,690 SH   SOLE   23,320 0 8,370
Parke Bancorp COM 700885106 1,466 71,320 SH   SOLE   56,620 0 14,700
Pennantpark Floating Rate Capi COM 70806A106 5,262 383,503 SH   SOLE   299,033 0 84,470
People's Utah Bancorp COM 712706209 4,110 135,641 SH   SOLE   107,906 0 27,735
Perry Ellis International COM 288853104 1,170 46,730 SH   SOLE   34,400 0 12,330
Photronics Inc COM 719405102 1,435 168,270 SH   SOLE   123,900 0 44,370
Pier 1 Imports COM 720279108 403 97,440 SH   SOLE   71,580 0 25,860
Premier Financial Bancorp COM 74050M105 4,102 204,259 SH   SOLE   162,501 0 41,758
ProFire Energy COM 74316X101 2,630 1,369,885 SH   SOLE   1,088,430 0 281,455
Quantum Corp COM 747906501 4,970 882,753 SH   SOLE   702,384 0 180,369
RPX Corporation COM 74972G103 1,197 89,030 SH   SOLE   65,550 0 23,480
Resources Connection COM 76122Q105 1,005 65,030 SH   SOLE   47,890 0 17,140
Ribbon Communications Inc COM 762544104 348 45,000 SH   SOLE   33,120 0 11,880
Rudolph Technologies Inc COM 781270103 3,686 154,244 SH   SOLE   120,404 0 33,840
SP Plus Corp COM 78469C103 1,441 38,840 SH   SOLE   28,580 0 10,260
Silvercrest Asset Mgmnt Grp Cl COM 828359109 4,161 259,235 SH   SOLE   206,255 0 52,980
Spartan Motors Inc COM 846819100 6,327 401,716 SH   SOLE   313,800 0 87,916
Standard Motor COM 853666105 1,240 27,600 SH   SOLE   20,330 0 7,270
Standex International Corp COM 854231107 518 5,090 SH   SOLE   3,760 0 1,330
Sterling Construction Co Inc COM 859241101 4,551 279,570 SH   SOLE   217,320 0 62,250
Summit Financial Grp COM 86606G101 3,022 114,810 SH   SOLE   91,240 0 23,570
Super Micro Computer, Inc COM 86800U104 1,759 84,040 SH   SOLE   61,870 0 22,170
Sykes Enterprises COM 871237103 1,369 43,520 SH   SOLE   32,050 0 11,470
Textainer Group Holdings COM G8766E109 2,606 121,200 SH   SOLE   89,230 0 31,970
Third Point Reinsurrance Ltd COM G8827U100 1,297 88,530 SH   SOLE   65,180 0 23,350
Triumph Bancorp COM 89679E300 795 25,240 SH   SOLE   18,580 0 6,660
TrueBlue Inc COM 89785X101 1,175 42,720 SH   SOLE   31,460 0 11,260
Twin Disc Inc COM 901476101 7,986 300,575 SH   SOLE   234,894 0 65,681
Ultra Clean Holdings COM 90385V107 4,221 182,803 SH   SOLE   142,105 0 40,698
Unique Fabricating COM 90915J103 3,491 470,536 SH   SOLE   372,996 0 97,540
Univest Corp of Pennsylvania COM 915271100 1,035 36,890 SH   SOLE   27,160 0 9,730
Wabash National Corp COM 929566107 1,320 60,830 SH   SOLE   44,800 0 16,030
Web.com Group, Inc COM 94733A104 1,521 69,760 SH   SOLE   51,360 0 18,400
West Bancorporation COM 95123P106 3,225 128,250 SH   SOLE   102,050 0 26,200
Windstream Holdings Inc COM 97382A200 204 110,225 SH   SOLE   81,025 0 29,200
Xcerra Corp COM 98400J108 5,706 582,862 SH   SOLE   455,494 0 127,368
ZAGG Inc COM 98884U108 3,094 167,681 SH   SOLE   133,364 0 34,317