13F-HR 1 p08-1181form13fhr.txt JEFFREY L. GENDELL UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2008 ------------------------ Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Jeffrey L. Gendell ------------------------------------ Address: 55 Railroad Avenue ------------------------------------ Greenwich, Connecticut 06830 ------------------------------------ ------------------------------------ Form 13F File Number: 028-06950 ------------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Jeffrey L. Gendell ------------------------------------ Title: ------------------------------------ Phone: 203-769-2000 ------------------------------------ Signature, Place, and Date of Signing: /s/ Jeffrey L. Gendell New York, NY 08/08/08 ------------------------ ------------------------ -------- [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this ........reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this ........report, and all holdings are reported by other reporting ........manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the ........holdings for this reporting manager are reported in this report ........and a portion are reported by other reporting manager(s).) List of other Managers Reporting for this Manager: none FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 249 ------------- Form 13F Information Table Value Total: $10,602,853 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name NONE Form 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ----------------------------- ------------ --------- ----------- --------- ---- ----- ----------- --------- ---------- ------------- TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------- ------------ --------- ----------- --------- ---- ----- ----------- --------- ---------- ------ ------ ACCURIDE CORP COM 004398103 5,177 1,218,158 SH SOLE 1,218,158 0 0 ADA ES INC COM 005208103 1,340 148,910 SH SOLE 148,910 0 0 ADVANCED ENERGY INDS COM 007973100 29,741 2,170,877 SH SOLE 2,170,877 0 0 AK STL HLDG CORP COM 001547108 405,012 5,869,742 SH SOLE 5,869,742 0 0 ALTRA HOLDINGS INC COM 02208R106 21,396 1,272,832 SH SOLE 1,272,832 0 0 AMCORE FINL INC COM 023912108 447 79,000 SH SOLE 79,000 0 0 AMERIANA BANCORP COM 023613102 2,358 265,581 SH SOLE 265,581 0 0 AMERICAN COMMERICAL LINES COM NEW 025195207 26,615 2,435,000 SH SOLE 2,435,000 0 0 AMERICAN ELECTRIC TECH INC COM 025576109 82 14,899 SH SOLE 14,899 0 0 AMERICAN INTL GROUP INC COM 026874107 5,027 190,000 SH CALL SOLE 190,000 0 0 AMERIS BANCORP COM 03076K108 2,285 262,699 SH SOLE 262,699 0 0 AMERISERV FINL INC COM 03074A102 1,534 514,609 SH SOLE 514,609 0 0 AMERON INTL INC COM 030710107 109,338 911,300 SH SOLE 911,300 0 0 AMR CORP COM 001765106 126,060 24,621,060 SH SOLE 24,621,060 0 0 AMTECH SYS INC COM PAR 032332504 9,752 908,014 SH SOLE 908,014 0 0 $0.01 ARGAN INC COM 04010E109 2,229 161,033 SH SOLE 161,033 0 0 ASSOCIATED BANC CORP COM 045487105 13,521 700,931 SH SOLE 700,931 0 0 ASTEC INDS INC COM 046224101 69,881 2,174,266 SH SOLE 2,174,266 0 0 ASTORIA FINL CORP COM 046265104 2,197 109,432 SH SOLE 109,432 0 0 AZZ INC COM 002474104 26,514 664,500 SH SOLE 664,500 0 0 BADGER METER INC COM 056525108 13,239 262,000 SH SOLE 262,000 0 0 BAKER MICHAEL CORP COM 057149106 15,758 720,199 SH SOLE 720,199 0 0 BANK OF AMERICA CORPORATION COM 060505104 41,942 1,757,100 SH SOLE 1,757,100 0 0 BANK OF AMERICA CORPORATION COM 060505104 171,709 7,193,500 SH CALL SOLE 7,193,500 0 0 BB&T CORP COM 054937107 1,152 50,590 SH SOLE 50,590 0 0 BCSB BANCORP INC COM 055367106 1,089 101,752 SH SOLE 101,752 0 0 BEAZER HOMES USA INC COM 07556Q105 19,980 3,587,005 SH SOLE 3,587,005 0 0 BENEFICIAL MUTUAL BANCORP IN COM 08173R104 664 60,000 SH SOLE 60,000 0 0 BRUSH ENGINEERED MATLS INC COM 117421107 89,697 3,673,105 SH SOLE 3,673,105 0 0 CAMCO FINL CORP COM 132618109 5,529 544,698 SH SOLE 544,698 0 0 CAPITAL BK CORP COM 139793103 8,166 923,742 SH SOLE 923,742 0 0 CCF HLDG CO COM 12487X104 665 237,534 SH SOLE 237,534 0 0 CECO ENVIRONMENTAL CORP COM 125141101 7,376 1,252,241 SH SOLE 1,252,241 0 0 CENTEX CORP COM 152312104 12,568 940,048 SH SOLE 940,048 0 0 CENTRAL BANCORP INC MASS COM 152418109 1,650 150,006 SH SOLE 150,006 0 0 CENTRAL PAC FINL CORP COM 154760102 3,018 283,140 SH SOLE 283,140 0 0 CENTRUE FINL CORP NEW COM 15643B106 6,397 579,473 SH SOLE 579,473 0 0 CFS BANCORP INC COM 12525D102 1,893 160,553 SH SOLE 160,553 0 0 CHAMPION ENTERPRISES INC COM 158496109 32,809 5,608,369 SH SOLE 5,608,369 0 0 CHANNELL COML CORP COM 159186105 397 377,714 SH SOLE 377,714 0 0 CHEMTURA CORP COM 163893100 44,163 7,562,220 SH SOLE 7,562,220 0 0 CITIGROUP INC COM 172967101 70,717 4,219,400 SH CALL SOLE 4,219,400 0 0 CITIGROUP INC COM 172967101 16,282 971,500 SH SOLE 971,500 0 0 CITIZENS FIRST BANCORP INC D COM 17461R106 2,451 408,580 SH SOLE 408,580 0 0 CITIZENS REPUBLIC BANCORP INC COM 174420109 1,000 354,619 SH SOLE 354,619 0 0 CLEVELAND CLIFFS INC COM 185896107 538,597 4,518,812 SH SOLE 4,518,812 0 0 COLONIAL BANCGROUP INC COM 195493309 79 17,974 SH SOLE 17,974 0 0 COLONY BANKCORP INC COM 19623P101 389 34,600 SH SOLE 34,600 0 0 COLUMBUS MCKINNON CORP NY COM 199333105 23,622 980,962 SH SOLE 980,962 0 0 COMERICA INC COM 200340107 6,151 240,000 SH CALL SOLE 240,000 0 0 COMFORT SYS USA INC COM 199908104 24,896 1,852,400 SH SOLE 1,852,400 0 0 COMMUNITY BK SYS INC COM 203607106 5,510 267,230 SH SOLE 267,230 0 0 COMMUNITY CAP CORP SC COM 20363C102 3,271 276,951 SH SOLE 276,951 0 0 COMMUNITY CENTRAL BANK CORP COM 20363J107 1,361 352,230 SH SOLE 352,230 0 0 COMMUNITY SHORES BANK CORP COM 204046106 299 62,803 SH SOLE 62,803 0 0 CONTINENTAL AIRLS INC CL B 210795308 54,066 5,347,738 SH SOLE 5,347,738 0 0 COOPERATIVE BANKSHARES INC COM 216844100 3,912 567,000 SH SOLE 567,000 0 0 CORE MOLDING TECHNOLOGIES IN COM 218683100 2,102 302,700 SH SOLE 302,700 0 0 D R HORTON INC COM 23331A109 5,801 534,649 SH SOLE 534,649 0 0 DEARBORN BANCORP INC COM 24242R108 3,753 772,207 SH SOLE 772,207 0 0 DOWNEY FINL CORP COM 261018105 6,488 2,342,245 SH SOLE 2,342,245 0 0 DST SYS INC DEL COM 233326107 122,935 2,233,158 SH SOLE 2,233,158 0 0 DYCOM INDS INC COM 267475101 58,343 4,018,099 SH SOLE 4,018,099 0 0 ECOLOGY & ENVIRONMENT INC CL A 278878103 2,480 215,682 SH SOLE 215,682 0 0 ELMIRA SVGS BK FSB NY COM 289660102 2,461 160,550 SH SOLE 160,550 0 0 EMCOR GROUP INC COM 29084Q100 95,680 3,353,669 SH SOLE 3,353,669 0 0 ENERSYS COM 29275Y102 198,414 5,796,489 SH SOLE 5,796,489 0 0 ENGLOBAL CORP COM 293306106 38,358 2,693,700 SH SOLE 2,693,700 0 0 ESCO TECHNOLOGIES INC COM 296315104 118,834 2,532,690 SH SOLE 2,532,690 0 0 ESMARK INC COM 296475106 45,590 2,384,413 SH SOLE 2,384,413 0 0 EXIDE TECHNOLOGIES COM NEW 302051206 397,298 23,705,133 SH SOLE 23,705,133 0 0 FERRO CORP COM 315405100 81,290 4,333,174 SH SOLE 4,333,174 0 0 FIDELITY BANCORP INC COM 315831107 1,753 140,670 SH SOLE 140,670 0 0 FIDELITY SOUTHERN CORP NEW COM 316394105 4,169 890,845 SH SOLE 890,845 0 0 FIRST BANCSHARES INC MO COM 318687100 1,535 112,201 SH SOLE 112,201 0 0 FIRST BANCTRUST CORP COM 31868F102 814 91,000 SH SOLE 91,000 0 0 FIRST CMNTY CORP SC COM 319835104 1,860 159,479 SH SOLE 159,479 0 0 FIRST DEFIANCE FINL CORP COM 32006W106 5,467 341,500 SH SOLE 341,500 0 0 FIRST FED BANKSHARES INC DEL COM 32020V100 1,990 302,900 SH SOLE 302,900 0 0 FIRST FED NORTHN MICH BANCOR COM 32021X105 1,533 255,961 SH SOLE 255,961 0 0 FIRST FINL SVC CORP COM 32022D108 2,623 144,603 SH SOLE 144,603 0 0 FIRST FRANKLIN CORP COM 320272107 818 112,019 SH SOLE 112,019 0 0 1ST INDEPENDENCE FINL GRP IN COM 32053S107 2,998 175,411 SH SOLE 175,411 0 0 FIRST KEYSTONE FINL INC COM 320655103 1,630 168,700 SH SOLE 168,700 0 0 FIRST MARINER BANCORP COM 320795107 1,576 508,446 SH SOLE 508,446 0 0 FIRST MERCHANTS CORP COM 320817109 3,240 178,500 SH SOLE 178,500 0 0 1ST SOURCE CORP COM 336901103 1,901 118,081 SH SOLE 118,081 0 0 FIRST ST BANCORPORATION COM 336453105 502 91,288 SH SOLE 91,288 0 0 FIRSTFED FINL CORP COM 337907109 2,010 250,000 SH SOLE 250,000 0 0 FOSTER LB CO COM 350060109 29,909 900,882 SH SOLE 900,882 0 0 FOSTER WHEELER LTD SHS NEW G36535139 324,594 4,437,378 SH SOLE 4,437,378 0 0 FURMANITE CORPORATION COM 361086101 21,756 2,726,300 SH SOLE 2,726,300 0 0 GEHL CO COM 368483103 17,651 1,193,422 SH SOLE 1,193,422 0 0 GENTEK INC COM NEW 37245X203 23,887 888,339 SH SOLE 888,339 0 0 GEORGIA GULF CORP COM PAR 373200203 1,753 604,389 SH SOLE 604,389 0 0 $0.01 GOLDMAN SACHS GROUP INC COM 38141G104 65,296 373,331 SH SOLE 373,331 0 0 GOODYEAR TIRE & RUBR CO COM 382550101 233,966 13,122,066 SH SOLE 13,122,066 0 0 GRAFTECH INTL LTD COM 384313102 154,271 5,749,933 SH SOLE 5,749,933 0 0 GREAT LAKES DREDGE & DOCK CO COM 390607109 11,880 1,944,354 SH SOLE 1,944,354 0 0 GREENBRIER COS INC COM 393657101 37,837 1,863,900 SH SOLE 1,863,900 0 0 GRUPO TMM S A B SP ADR 40051D105 2,358 1,241,187 SH SOLE 1,241,187 0 0 A SHS HARDINGE INC COM 412324303 14,810 1,124,538 SH SOLE 1,124,538 0 0 HAWKINS INC COM 420261109 2,992 200,000 SH SOLE 200,000 0 0 HAWTHORN BANCSHARES INC COM 420476103 7,626 301,800 SH SOLE 301,800 0 0 HEXCEL CORP NEW COM 428291108 181,042 9,380,417 SH SOLE 9,380,417 0 0 HF FINL CORP COM 404172108 5,525 338,949 SH SOLE 338,949 0 0 HMN FINL INC COM 40424G108 5,974 385,398 SH SOLE 385,398 0 0 HOPFED BANCORP INC COM 439734104 3,675 266,878 SH SOLE 266,878 0 0 HORIZON BANCORP IND COM 440407104 5,140 292,716 SH SOLE 292,716 0 0 HOVNANIAN ENTERPRISES INC CL A 442487203 16,061 2,930,759 SH SOLE 2,930,759 0 0 IBERIABANK CORP COM 450828108 29,147 655,425 SH SOLE 655,425 0 0 INDEPENDENCE FED SVGS BK COM 453432106 178 28,484 SH SOLE 28,484 0 0 INDEPENDENT BANK CORP MICH COM 453838104 3,496 874,124 SH SOLE 874,124 0 0 INNOSPEC INC COM 45768S105 91,309 4,851,683 SH SOLE 4,851,683 0 0 INSTEEL INDUSTRIES INC COM 45774W108 32,555 1,777,964 SH SOLE 1,777,964 0 0 INTEGRA BK CORP COM 45814P105 5,474 699,116 SH SOLE 699,116 0 0 INTEGRATED ELECTRICAL SVC COM 45811E301 147,137 8,554,493 SH SOLE 8,554,493 0 0 INTERNET CAP GROUP INC COM NEW 46059C205 25,221 3,262,780 SH SOLE 3,262,780 0 0 ISHARES TR RUSSELL 464287655 310,725 4,500,000 SH SOLE 4,500,000 0 0 2000 ITRON INC COM 465741106 69,313 704,758 SH SOLE 704,758 0 0 JACKSONVILLE BANCORP INC ILL COM 46924P100 772 73,501 SH SOLE 73,501 0 0 JEFFERSON BANCSHARES INC TEN COM 472375104 1,093 115,488 SH SOLE 115,488 0 0 JP MORGAN CHASE & CO COM 46625H100 121,638 3,545,266 SH SOLE 3,545,266 0 0 JP MORGAN CHASE & CO COM 46625H100 15,886 463,000 SH CALL SOLE 463,000 0 0 KB HOME COM 48666K109 71,514 4,224,126 SH SOLE 4,224,126 0 0 KBR INC COM 48242W106 478,560 13,708,395 SH SOLE 13,708,395 0 0 KMG CHEMICALS INC COM 482564101 10,744 1,040,035 SH SOLE 1,040,035 0 0 KOPPERS HOLDINGS INC COM 50060P106 7,839 187,227 SH SOLE 187,227 0 0 LADISH INC COM NEW 505754200 18,073 877,751 SH SOLE 877,751 0 0 LANDMARK BANCORP INC COM 51504L107 396 17,804 SH SOLE 17,804 0 0 LAPORTE BANCORP INC COM 516650108 148 21,518 SH SOLE 21,518 0 0 LCC INTERNATIONAL INC CL A 501810105 850 895,114 SH SOLE 895,114 0 0 LINCOLN BANCORP IND COM 532879103 1,928 173,653 SH SOLE 173,653 0 0 LNB BANCORP INC COM 502100100 320 31,346 SH SOLE 31,346 0 0 LSB CORP COM 50215P100 235 15,433 SH SOLE 15,433 0 0 LSB INDS INC COM 502160104 20,807 1,050,838 SH SOLE 1,050,838 0 0 M & T BK CORP COM 55261F104 73,303 1,039,173 SH SOLE 1,039,173 0 0 M/I HOMES INC COM 55305B101 19,119 1,215,473 SH SOLE 1,215,473 0 0 MAGNETEK INC COM 559424106 12,664 2,993,900 SH SOLE 2,993,900 0 0 MARSH & MCLENNAN COS INC COM 571748102 797 30,000 SH CALL SOLE 30,000 0 0 MASTEC INC COM 576323109 71,032 6,663,412 SH SOLE 6,663,412 0 0 MATERIAL SCIENCES CORP COM 576674105 11,005 1,358,654 SH SOLE 1,358,654 0 0 MATRIX SVC CO COM 576853105 76,246 3,306,409 SH SOLE 3,306,409 0 0 MAXWELL TECHNOLOGIES INC COM 577767106 10,690 1,006,599 SH SOLE 1,006,599 0 0 MB FINANCIAL INC NEW COM 55264U108 20,489 911,824 SH SOLE 911,824 0 0 MBT FINL CORP COM 578877102 345 58,000 SH SOLE 58,000 0 0 MCDERMOTT INTL INC COM 580037109 117,591 1,900,000 SH SOLE 1,900,000 0 0 MEADOW VY CORP COM 583185103 3,100 344,452 SH SOLE 344,452 0 0 MERITAGE HOMES CORP COM 59001A102 846 55,800 SH SOLE 55,800 0 0 MERRILL LYNCH & CO INC COM 590188108 116,657 3,678,883 SH SOLE 3,678,883 0 0 MESABI TR CTF BEN 590672101 28,077 911,600 SH SOLE 911,600 0 0 INT MET PRO CORP COM 590876306 9,657 723,377 SH SOLE 723,377 0 0 META FINL GROUP INC COM 59100U108 2,183 82,772 SH SOLE 82,772 0 0 METROCORP BANCSHARES INC COM 591650106 2,029 169,100 SH SOLE 169,100 0 0 MFB CORP COM 55272D106 2,936 100,252 SH SOLE 100,252 0 0 MFRI INC. COM 552721102 8,939 563,588 SH SOLE 563,588 0 0 MIDSOUTH BANCORP INC COM 598039105 5,134 310,238 SH SOLE 310,238 0 0 MIDWESTONE FINL GROUP INC NE COM 598511103 3,579 278,617 SH SOLE 278,617 0 0 MONARCH COMMUNITY BANCORP IN COM 609045109 1,975 204,920 SH SOLE 204,920 0 0 MUTUALFIRST FINL INC COM 62845B104 2,008 204,732 SH SOLE 204,732 0 0 NACCO INDS INC CL A 629579103 48,083 646,714 SH SOLE 646,714 0 0 NATIONAL CITY CORP COM 635405103 18,351 3,847,068 SH SOLE 3,847,068 0 0 NATIONAL CITY CORP COM 6354067AF 429 90,000 SH CALL SOLE 90,000 0 0 NATIONAL PENN BANCSHARES INC COM 637138108 531 40,000 SH SOLE 40,000 0 0 NATIONAL TECHNICAL SYS INC COM 638104109 4,064 740,297 SH SOLE 740,297 0 0 NEW HAMPSHIRE THRIFT BANCSHS COM 644722100 3,857 372,640 SH SOLE 372,640 0 0 NEW YORK CMNTY BANCORP INC COM 649445103 4,412 247,301 SH SOLE 247,301 0 0 NORTH AMERN ENERGY PARTNERS COM 656844107 54,176 2,498,877 SH SOLE 2,498,877 0 0 NORTH CENT BANCSHARES INC COM 658418108 1,615 68,421 SH SOLE 68,421 0 0 NORTHEAST BANCORP COM 663904100 2,397 213,095 SH SOLE 213,095 0 0 NORTHWEST BANCORP INC PA COM 667328108 5,128 235,000 SH SOLE 235,000 0 0 OHIO LEGACY CORP COM 677399107 947 169,315 SH SOLE 169,315 0 0 OHIO VY BANC CORP COM 677719106 1,017 39,500 SH SOLE 39,500 0 0 ORLEANS HOMEBUILDERS INC COM 686588104 501 136,965 SH SOLE 136,965 0 0 OTTER TAIL CORP COM 689648103 112,773 2,904,282 SH SOLE 2,904,282 0 0 PAB BANKSHARES INC COM 69313P101 932 109,650 SH SOLE 109,650 0 0 PARK BANCORP INC COM 700164106 1,418 72,000 SH SOLE 72,000 0 0 PARKVALE FINL CORP COM 701492100 6,682 283,002 SH SOLE 283,002 0 0 PATRICK INDS INC COM 703343103 38,760 5,174,963 SH SOLE 5,174,963 0 0 PEOPLES BANCORP N C INC COM 710577107 5,656 519,408 SH SOLE 519,408 0 0 PEOPLES CMNTY BANCORP INC COM 71086E107 202 90,183 SH SOLE 90,183 0 0 PERINI CORP COM 713839108 70,558 2,134,875 SH SOLE 2,134,875 0 0 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 14,512 5,021,281 SH SOLE 5,021,281 0 0 PIKE ELEC CORP COM 721283109 54,177 3,261,725 SH SOLE 3,261,725 0 0 POLYONE CORP COM 73179P106 53,862 7,727,731 SH SOLE 7,727,731 0 0 PORTEC RAIL PRODS INC COM 736212101 5,719 495,183 SH SOLE 495,183 0 0 POWERSECURE INTL INC COM 73936N105 6,294 867,002 SH SOLE 867,002 0 0 PREFORMED LINE PRODS CO COM 740444104 20,809 516,228 SH SOLE 516,228 0 0 PREMIER FINL BANCORP INC COM 74050M105 5,526 519,804 SH SOLE 519,804 0 0 PRINCETON NATL BANCORP INC COM 742282106 6,478 237,806 SH SOLE 237,806 0 0 PROVIDENT CMNTY BANCSHARES IN COM 74386S107 1,681 172,443 SH SOLE 172,443 0 0 PROVIDENT FINL HLDGS INC COM 743868101 5,424 574,579 SH SOLE 574,579 0 0 PROVIDENT NEW YORK BANCORP COM 744028101 12,806 1,157,874 SH SOLE 1,157,874 0 0 PULTE HOMES INC COM 745867101 18,175 1,887,299 SH SOLE 1,887,299 0 0 PVF CAPITAL CORP COM 693654105 4,302 589,323 SH SOLE 589,323 0 0 QCR HOLDINGS INC COM 74727A104 4,227 337,907 SH SOLE 337,907 0 0 QUANTA SVCS INC COM 74762E102 450,734 13,547,762 SH SOLE 13,547,762 0 0 RCM TECHNOLOGIES INC COM NEW 749360400 4,739 1,112,420 SH SOLE 1,112,420 0 0 RIVER VY BANCORP COM 768475105 2,099 140,199 SH SOLE 140,199 0 0 RURBAN FINL CORP COM 78176P108 1,530 160,705 SH SOLE 160,705 0 0 RYLAND GROUP INC COM 783764103 14,533 666,364 SH SOLE 666,364 0 0 SATCON TECHNOLOGY CORP COM 803893106 12,627 4,446,187 SH SOLE 4,446,187 0 0 SHAW GROUP INC COM 820280105 378,314 6,122,571 SH SOLE 6,122,571 0 0 SHILOH INDS INC COM 824543102 11,510 1,211,569 SH SOLE 1,211,569 0 0 SIFCO INDS INC COM 826546103 4,954 490,474 SH SOLE 490,474 0 0 SMITH A O COM 831865209 71,156 2,167,411 SH SOLE 2,167,411 0 0 SOUTHERN CMNTY FINL CORP COM 842632101 8,378 1,362,325 SH SOLE 1,362,325 0 0 SOUTHERN MO BANCORP INC COM 843380106 2,686 173,382 SH SOLE 173,382 0 0 SPDR TR UNIT 78462F103 403,137 3,150,000 SH SOLE 3,150,000 0 0 SER 1 STERLING FINL CORP WASH COM 859319105 12,731 3,075,141 SH SOLE 3,075,141 0 0 SUN BANCORP INC COM 86663B102 21,539 2,122,051 SH SOLE 2,122,051 0 0 SUN MICROSYSTEMS INC COM NEW 866810203 189,820 17,446,676 SH SOLE 17,446,676 0 0 SUPERIOR BANCORP COM NEW 86806M205 3,091 364,098 SH SOLE 364,098 0 0 SUPREME INDS INC COM 868607102 1,176 241,410 SH SOLE 241,410 0 0 SUSQUEHANNA BANCSHARES INC P COM 869099101 10,164 742,464 SH SOLE 742,464 0 0 SYNALLOY CP DEL COM 871565107 8,156 528,931 SH SOLE 528,931 0 0 TECHE HLDG CO COM 878330109 7,281 195,883 SH SOLE 195,883 0 0 TENNECO INC COM 880349105 61,609 4,553,497 SH SOLE 4,553,497 0 0 TETRA TECH INC NEW COM 88162G103 72,750 3,216,197 SH SOLE 3,216,197 0 0 TF FINL CORP COM 872391107 3,994 181,537 SH SOLE 181,537 0 0 THERMADYNE HLDGS CORP NEW COM PAR 883435307 17,041 1,152,168 SH SOLE 1,152,168 0 0 $0.01 THOMAS & BETTS CORP COM 884315102 218,270 5,766,719 SH SOLE 5,766,719 0 0 TIERONE CORP COM 88650R108 2,784 606,597 SH SOLE 606,597 0 0 TIMKEN CO COM 887389104 41,805 1,269,121 SH SOLE 1,269,121 0 0 TOLL BROTHERS INC COM 889478103 26,344 1,406,496 SH SOLE 1,406,496 0 0 TOWER FINANCIAL CORP COM 891769101 1,299 192,397 SH SOLE 192,397 0 0 TRC COS INC COM 872625108 2,882 716,851 SH SOLE 716,851 0 0 TREDEGAR CORP COM 894650100 24,388 1,659,050 SH SOLE 1,659,050 0 0 TRINITY INDS INC COM 896522109 376,520 10,853,835 SH SOLE 10,853,835 0 0 TRUEBLUE INC COM 89785X101 54,392 4,117,517 SH SOLE 4,117,517 0 0 TWIN DISC INC COM 901476101 11,364 542,950 SH SOLE 542,950 0 0 U S AIRWAYS GROUP INC COM 90341W108 11,207 4,482,873 SH SOLE 4,482,873 0 0 U S CONCRETE INC COM 90333L102 13,811 2,901,410 SH SOLE 2,901,410 0 0 UAL CORP COM NEW 902549807 31,684 6,069,807 SH SOLE 6,069,807 0 0 UNITED BANCSHARES INC OHIO COM 909458101 2,013 164,335 SH SOLE 164,335 0 0 UNITED BANKSHARES INC WEST V COM 909907107 4,618 201,239 SH SOLE 201,239 0 0 UNITED STATES LIME & MINERAL COM 911922102 3,313 83,724 SH SOLE 83,724 0 0 UNITED STATES STL CORP NEW COM 912909108 563,839 3,051,409 SH SOLE 3,051,409 0 0 URS CORP NEW COM 903236107 58,069 1,383,591 SH SOLE 1,383,591 0 0 VERSAR INC COM 925297103 908 189,200 SH SOLE 189,200 0 0 WABASH NATL CORP COM 929566107 27,218 3,600,300 SH SOLE 3,600,300 0 0 WACHOVIA CORP NEW COM 929903102 24,085 1,550,900 SH CALL SOLE 1,550,900 0 0 WASHINGTON MUT INC COM 939322103 1,463 296,800 SH CALL SOLE 296,800 0 0 WEBSTER FINL CORP CONN COM 947890109 12,041 647,343 SH SOLE 647,343 0 0 WESBANCO INC COM 950810101 1,760 102,600 SH SOLE 102,600 0 0 WESTMORELAND COAL CO COM 960878106 20,996 994,600 SH SOLE 994,600 0 0 WHITNEY HLDG CORP COM 966612103 24,663 1,347,684 SH SOLE 1,347,684 0 0 WILLBROS GROUP INC COM 969199108 85,073 1,941,870 SH SOLE 1,941,870 0 0 YRC WORLDWIDE INC COM 984249102 40,836 2,746,171 SH SOLE 2,746,171 0 0