13F-HR 1 cmw1831.txt HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2005 Check here if Amendment [ x ]; Amendment Number: This Amendment (Check only one.): [ x ] is a restatement. [ ] adds new holdings entries. Institutional investment Manager Filing this Report: Name: Keeley Asset Management Corp. Address: 401 S. LaSalle Street Suite 1201 Chicago, IL 60605 13F File Number: 28-6810 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: John L. Keeley, Jr. Title: President Phone: 312-786-5000 Signature, Place, and Date of Signing: John L. Keeley, Jr., Chicago, IL, November 15, 2005 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT List of other Managers Reporting for this Manager: None I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 271 Form 13F Information Table Value Total: 2,188,482.00 List of Other Included Managers: None VALUE SHARES/ SH/PUT/INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X1000 PRN AMT PRNCALLDISCRETIMANAGER SOLE SHARED NONE ABB Ltd. SPONSORED ADR 000375204 2SH SOLE 230,000 ACCO Brands Corp. COM 00081t108 24 8SH SOLE 717,787 16 AFC Enterprises Inc. COM 00104q107 4SH SOLE 400,000 A E S Corp COM 00130H105 4SH SOLE 245,000 15 Adesa Inc COM 00686u104 15 6SH SOLE 572,675 12 Alleghany Energy Inc. COM 017361106 26 8SH SOLE 626,090 22 Allegheny Tech Inc COM 01741r102 17 5SH SOLE 447,610 11 Allete Inc COM 018522300 1SH SOLE 112,283 Allis Chalmers Energy Inc.COM PAR $.01NW 019645506 SH SOLE 91,000 Allstate Corp COM 020002101 SH SOLE 9,400 Alpha Natural Resource IncCOM 02076x102 18 6SH SOLE 524,035 10 Amerco COM 023586100 12 2SH SOLE 173,600 American Express COM 025816109 SH SOLE 3,700 Amerus Group Co COM 03072m108 SH SOLE 8,250 Ameriprise Financial Inc COM 03076c106 SH SOLE 54,00 Ametek COM 031100100 SH SOLE 55,00 Apache Corp COM 037411105 1SH SOLE 69,68 Aqua America Inc COM 03836w103 1SH SOLE 105,000 Aquila Inc COM 03840p102 9SH SOLE 928,000 Arch Coal Inc. COM 039380100 SH SOLE 12,000 Archipelago Holdings COM 03957a104 SH SOLE 25,000 Aztar Corp COM 054802103 14 4SH SOLE 395,870 Bank of America COM 060505104 SH SOLE 17,500 Bank of Montreal COM 063671101 SH SOLE 8,500 Bank Mutual Corp COM 063750103 SH SOLE 13,900 BankAtlantic Bancorp Cl A CL A 065908501 13 8SH SOLE 663,842 14 BankFinancial Corp COM 06643p104 4SH SOLE 450,382 Bluegreen Corp COM 096231105 3SH SOLE 320,000 Boardwalk Bank Wts *W EXP 12/31/20096611116 SH SOLE 11,000 Bois D'Arc Energy Inc. COM 09738u103 3SH SOLE 381,200 Brady Corporation CL A 104674106 2SH SOLE 225,000 Brinks Co COM 109696104 19 4SH SOLE 393,836 Brush Engineered Matl Inc COM 117421107 3SH SOLE 370,050 Bucyrus International CL A 118759109 18 3SH SOLE 302,945 C I T Group COM 125581108 14 3SH SOLE 226,165 CMS Energy Corp COM 125896100 16 9SH SOLE 739,545 25 Canadian Pacific Limited COM 13645t100 1SH SOLE 130,330 Capital Title Group Inc. COM 140919101 SH SOLE 27,500 Carrizo Oil & Gas Inc COM 144577103 3SH SOLE 302,500 Castle A M & Co COM 148411101 3SH SOLE 352,500 Cavalier Homes Inc COM 149507105 6SH SOLE 679,500 Centerpoint Energy Inc HolCOM 15189t107 14 9SH SOLE 719,960 23 Cenveo Inc. COM 15670s105 6SH SOLE 646,000 Certegy Inc COM 156880106 SH SOLE 8,895 Champion Enterprises COM 158496109 13 9SH SOLE 793,705 14 Chaparral Steel Co COM 159423102 12 4SH SOLE 472,155 Chemed Corp COM 16359r103 SH SOLE 6,400 Chesapeake Energy COM 165167107 SH SOLE 15,00 Chicago Bridge & Iron CompNY REGISTRY SH 167250109 35 1,14SH SOLE 979,776 16 Choice Hotels Holding Inc COM 169905106 1SH SOLE 63,20 Chiquita Brands Int'l Inc.COM 170032809 2SH SOLE 220,300 Cimarex Energy Co COM 171798101 24 5SH SOLE 449,095 Cincinnati Financial COM 172062101 SH SOLE 14,320 Circor Intl Inc COM 17273k109 14 5SH SOLE 473,607 Citigroup Inc COM 172967101 SH SOLE 16,150 Citizens First Bancorp COM 17461r106 3SH SOLE 386,050 Comerica COM 200340107 SH SOLE 7,750 Commercial Metals Co COM 201723103 27 8SH SOLE 682,390 14 Compass Minerals Intl. IncCOM 20451n101 1SH SOLE 187,720 Comstock Resources Inc. COM 205768203 24 7SH SOLE 608,763 12 Conseco Inc. New COM 208464883 30 1,45SH SOLE 1,164,545 28 Corning Inc COM 219350105 SH SOLE 30,000 Crane Co. COM 224399105 1SH SOLE 108,000 Crawford & Co. Cl B CL B 224633107 4SH SOLE 442,500 Crown Holdings Inc. COM 228368106 15 9SH SOLE 721,650 26 Dean Foods Co. COM 242370104 2SH SOLE 153,940 Del Monte Foods Co. COM 24522P103 3SH SOLE 357,460 Deltic Timber Corp COM 247850100 15 3SH SOLE 288,751 Denbury Res Inc. COM 247916208 SH SOLE 10,000 Diamonds Trust Ser I Unit UNIT SER 1 252787106 SH SOLE 2,900 Dillard Inc. CL A 254067101 12 6SH SOLE 492,990 12 Donnelly RR & Sons. Co. COM 257867101 2SH SOLE 138,040 Dover Corp. COM 260003108 1SH SOLE 93,50 Dresser Rand Group Inc COM 261608103 3SH SOLE 325,000 Dun & Bradstreet COM 26483e100 1SH SOLE 98,87 Duquesne Lt Hldgs Inc COM 266233105 10 6SH SOLE 539,500 Emeritus Corp COM 291005106 2SH SOLE 210,000 Encore Acquisition Co. COM 29255w100 1SH SOLE 160,000 Enpro Industries Inc. COM 29355x107 28 8SH SOLE 704,954 14 Equifax Inc. COM 294429105 SH SOLE 8,880 FMC Technologies Inc. COM 30249u101 35 8SH SOLE 672,000 18 FedFirst Finl Corp COM 31429x105 SH SOLE 32,080 Fidelity National FinanciaCOM 316326107 14 3SH SOLE 209,515 10 First Keystone Corp. COM 320654205 SH SOLE 15,000 First Niagara Financial COM 33582v108 SH SOLE 30,000 Fleetwood Enterprises COM 339099103 5SH SOLE 577,500 Florida Pub Utilities CompCOM 341135101 1SH SOLE 152,000 Flow Intl Corp COM 343468104 2SH SOLE 293,550 Flowers Foods Inc COM 343498101 39 1,43SH SOLE 1,108,571 32 Flowserve Corp. COM 34354p105 2SH SOLE 195,050 Fortune Brands COM 349631101 1SH SOLE 73,89 Foundation Coal Holdings COM 35039w100 38 9SH SOLE 761,256 23 Frieghtcar America Inc. COM 357023100 2SH SOLE 210,000 GP Strategies Corp. COM 36225v104 3SH SOLE 359,300 Gardner Denver Inc COM 365558105 11 2SH SOLE 170,500 Gasco Energy Inc COM 367220100 9SH SOLE 815,500 Gaylord Entmt Co. COM 367905106 15 3SH SOLE 295,500 Gencorp COM 368682100 16 8SH SOLE 761,530 11 General Cable Corp. COM 369300108 4SH SOLE 409,000 Global Power Equipment GroCOM 37941P108 1,15SH SOLE 996,970 15 Goodrich Petroleum Corp. COM 382410405 15 6SH SOLE 513,325 14 Goodyear Tire & Rubber COM 382550101 SH SOLE 24,000 Gray Television Inc COM 389375106 5SH SOLE 572,970 Grey Wolf Inc COM 397888108 SH SOLE 53,000 Griffon Corp COM 398433102 SH SOLE 96,180 Halliburton Co COM 406216101 SH SOLE 12,000 Hartford Financial Svcs GrCOM 416515104 1SH SOLE 71,32 Headwaters Inc. COM 42210P102 2SH SOLE 210,000 Hearst-Argyle Television COM 422317107 SH SOLE 46,348 Helmerich & Payne Inc COM 423452101 SH SOLE 87,005 Hexcel Corp COM 428291108 16 8SH SOLE 752,350 14 HomeFederal Bancorp COM 43709a101 2SH SOLE 299,900 Honeywell COM 438516106 2SH SOLE 114,430 Hornbeck Offshores ServiceCOM 440543106 2SH SOLE 249,500 Hudson City Bancorp Inc. COM 443683107 8SH SOLE 580,915 24 IHOP Corporation COM 449623107 1SH SOLE 145,975 ITT Corp. COM 450911102 14 1SH SOLE 90,26 Independent Bank Corp - MICOM 453838104 SH SOLE 15,750 Invitrogen Corp COM 46185R100 SH SOLE 2,700 IShares Inc MSCI SingaporeMSCI SINGAPORE 464286673 SH SOLE 55,200 IShares Russell 2000 RUSSELL 2000 464287655 SH SOLE 12,300 JP Morgan Chase & Co COM 46625h100 SH SOLE 15,000 Jacuzzi Brands Inc COM 469865109 6SH SOLE 605,000 James Riv Coal Co COM 470355207 1SH SOLE 115,800 Janus Cap Group Inc COM 47102x105 1SH SOLE 180,000 Jefferies Group Inc. COM 472319102 2SH SOLE 162,955 Journal Register Co COM 481138105 3SH SOLE 362,480 Joy Global Inc COM 481165108 29 5SH SOLE 476,900 11 KCS Energy Inc COM 482434206 25 9SH SOLE 739,450 18 KFX Inc. COM 48245l107 3SH SOLE 312,500 KMG America Corp. COM 482563103 SH SOLE 15,000 Kansas City Southern Ind ICOM 485170302 23 9SH SOLE 834,822 16 La Quinta Corp. PAIRED CTF 50419u202 7SH SOLE 770,000 Labranche & Co. Inc. COM 505447102 6SH SOLE 687,000 Laidlaw Intl Inc COM 50730r102 12 5SH SOLE 411,813 11 Lamson & Sessions COM 513696104 3SH SOLE 330,000 Leucadia National Corp COM 527288104 16 3SH SOLE 247,519 14 Levitt Corp FL Cl A CL A 52742p108 13 5SH SOLE 481,130 10 Lincoln Electric Holding ICOM 533900106 1SH SOLE 132,000 Longview Fibre Co WashingtCOM 543213102 2SH SOLE 285,000 Lufkin Inds. Inc COM 549764108 1SH SOLE 137,000 MAF Bancorp Inc COM 55261R108 SH SOLE 5,200 Mac-Gray Corp COM 554153106 2SH SOLE 204,700 Manitowoc Company Inc. COM 563571108 1SH SOLE 122,200 Marathon Oil Corp COM 565849106 SH SOLE 69,000 Marcus Corp. COM 566330106 2SH SOLE 235,000 Marketaxess Hldgs Inc COM 57060d108 2SH SOLE 296,127 Marshall & Ilsley Corp COM 571834100 SH SOLE 16,400 Marriott Intl Cl A CL A 571903202 1SH SOLE 70,03 Martin Marietta Mater COM 573284106 11 1SH SOLE 127,070 Massey Energy Co. COM 576206106 21 4SH SOLE 324,550 McDermott Int'l COM 580037109 33 9SH SOLE 752,840 15 Meadowbrook Insurance GrouCOM 58319p108 4SH SOLE 415,000 Mercer Insurance Group IncCOM 587902107 SH SOLE 27,500 Meredith Corp. COM 589433101 SH SOLE 90,560 Merrill Lynch & Co. COM 590188108 SH SOLE 8,350 Methode Electrs COM 591520200 6SH SOLE 601,909 Microsoft Corp COM 594918104 SH SOLE 8,200 Midas Inc. COM 595626102 2SH SOLE 287,900 MetLife Inc COM 59156r108 10 2SH SOLE 140,680 S&P MidCap 400 Spdrs UNIT SER 1 595635103 SH SOLE 4,200 MoneyGram Intl Inc COM 60935y109 17 8SH SOLE 667,775 15 Moody Corp COM 615369105 13 2SH SOLE 202,535 Moog Inc. Cl A CL A 615394202 1SH SOLE 67,22 Moog Inc. Cl B CL B 615394301 SH SOLE 70,500 Movado Group Inc. COM 624580106 2SH SOLE 285,000 NL Inds Inc. COM 629156407 SH SOLE 30,000 Nasdaq Stock Market Inc. COM 631103108 SH SOLE 41,500 Natural Gas Services Grp ICOM 63886q109 1SH SOLE 197,500 Neenah Paper COM 640079109 2SH SOLE 222,200 NewAlliance Bancshares IncCOM 650203102 11 8SH SOLE 630,778 18 Newell Rubbermaid Inc. COM 651229106 11 4SH SOLE 348,600 14 North Folk Bancorp Inc. NYCOM 659424105 2SH SOLE 217,126 Northern Trust Corp. COM 665859104 SH SOLE 13,500 Occidental Petroleum COM 674599105 1SH SOLE 93,40 Old Republic Intl COM 680223104 SH SOLE 22,675 Oregon Steel Mills Inc COM 686079104 22 8SH SOLE 694,680 12 PHH Corp. COM 693320202 2SH SOLE 254,505 PNC Financial Corp COM 693475105 SH SOLE 7,500 Parker Drilling COM 701081101 8SH SOLE 864,000 Partners Trust Financial GCOM 70213f102 1SH SOLE 100,603 Pentair Inc. COM 709631105 SH SOLE 5,800 Phoenix Cos Inc COM 71902e109 11 9SH SOLE 722,820 19 Pioneer Drilling Company COM 723655106 3SH SOLE 361,500 Pioneer Natural Resources COM 723787107 14 2SH SOLE 184,200 Plains Expl & Prod Co COM 726505100 26 6SH SOLE 484,405 12 Popular Inc COM 733174106 SH SOLE 15,000 Principal Financial Group COM 74251v102 2SH SOLE 131,050 Private Bancorp Inc. COM 742962103 SH SOLE 90,000 Proliance Intl Inc COM 74340r104 SH SOLE 77,000 Proquest Co COM 74346p102 SH SOLE 7,300 Provident Financial ServicCOM 74386t105 SH SOLE 38,645 Providence & Worcester RR COM 743737108 3SH SOLE 246,145 Prudential Financial Inc. COM 744320102 11 1SH SOLE 112,545 Quicksilver Res Inc COM 74837r104 1SH SOLE 157,300 RH Donnelly Corp. COM 74955w307 SH SOLE 22,44 RPC Inc COM 749660106 SH SOLE 48,400 Rainier Pacific Financial COM 75087u101 SH SOLE 83,630 Ralcorp Holdings Inc COM 751028101 20 4SH SOLE 433,185 Range Resources Corp. COM 75281a109 14 3SH SOLE 278,300 10 RBC Bearings Inc. COM 75524b104 1SH SOLE 190,000 Ready Mix Inc. COM 755747102 2SH SOLE 230,000 Regal Beloit Corp. COM 758750103 2SH SOLE 237,800 Regional Bk Holders Trust DEPOSITRY RCPT 75902e100 SH SOLE 4,400 Reliant Energy Inc. COM 75952B105 2SH SOLE 264,800 Remington Oil & Gas Corp. COM 759594302 15 3SH SOLE 275,395 10 Retail Ventures Inc HoldinCOM 76128Y102 7SH SOLE 689,890 10 Rockwell Automation Corp. COM 773903109 13 2SH SOLE 179,010 Royal Gold Inc COM 780287108 SH SOLE 11,700 Ryerson Tull Inc. New COM 78375P107 3SH SOLE 307,800 SPDR Trust Ser 1 Unit UNIT SER 1 78462f103 SH SOLE 7,400 SWS Group Inc. COM 78503n107 3SH SOLE 317,500 St. Joe Corp. COM 790148100 16 2SH SOLE 210,030 Sauer Danfoss Inc. COM 804137107 2SH SOLE 149,950 Sector Sdpr Tr Shs Ben IntSBI INT-ENERGY 81369y506 SH SOLE 13,000 Spdr Fd Financial SBI INT-FINL 81369Y605 SH SOLE 7,500 ServiceMaster Co COM 81760n109 SH SOLE 16,500 Southern Union Co COM 844030106 3SH SOLE 190,594 13 Southwestern Energy Co. COM 845467109 SH SOLE 44,000 Soverign Bancorp Inc. COM 845905108 SH SOLE 20,000 Sprint Nextel Corp Fon ShsCOM FON 852061100 SH SOLE 9,400 Stage Stores Inc COM 85254c305 2SH SOLE 290,882 Standard Parking Corp COM 853790103 2SH SOLE 241,700 Steak N Shake COM 857873103 10 5SH SOLE 440,220 12 Superior Essex Inc COM 86815v105 2SH SOLE 262,500 Sybron Dental Specialties COM 871142105 34 8SH SOLE 647,505 19 Talisman Energy Inc. COM 87425e103 SH SOLE 20,000 Technical Olympic USA Inc COM 878483106 SH SOLE 43,000 Teledyne COM 879360105 1SH SOLE 167,100 Tenneco Automotive Inc COM 880349105 3SH SOLE 313,400 Terex Corp. COM 880779103 19 3SH SOLE 324,155 Texas Indust COM 882491103 15 2SH SOLE 273,155 Textron COM 883203101 1SH SOLE 90,82 Thomas & Betts Corp. COM 884315102 13 3SH SOLE 292,960 Tierone Corporation COM 88650r108 12 4SH SOLE 401,095 Timken Co. COM 887389104 17 6SH SOLE 586,658 Titan Intl. Inc. COM 88830m102 2SH SOLE 275,000 Triarc Co. Inc. CL A 895927101 17 1,05SH SOLE 881,252 17 Triarc Co Inc Cl B Ser I CL B SER 1 895927309 3SH SOLE 277,860 US Concrete Inc COM 90333L102 5SH SOLE 550,105 Ultra Pete Corp COM 903914109 SH SOLE 13,000 Union Pacific Corp COM 907818108 SH SOLE 70,033 Unionbancal Corp COM 908906100 SH SOLE 8,300 United Financial Corp COM 909919102 SH SOLE 14,915 Unitrin Inc COM 913275103 15 3SH SOLE 224,393 Universal Compression HoldCOM 913431102 1SH SOLE 158,740 Vail Resorts Inc. COM 91879q109 2SH SOLE 249,845 Van Der Moolen Hldg. SPONSORED ADR 921020103 8SH SOLE 883,125 Veritas DGC Inc. COM 92343p107 1SH SOLE 182,500 WCI Cmntys Inc COM 92923c104 2SH SOLE 263,105 W Holding Company Inc. COM 929251106 SH SOLE 35,600 Wabtec COM 929740108 12 4SH SOLE 426,507 Wachovia Corp. 2nd New COM 929903102 SH SOLE 8,500 Waddell & Reed Fin Cl A CL A 930059100 1SH SOLE 167,500 Walter Industries COM 93317Q105 1SH SOLE 166,845 Water Pik Technologies IncCOM 94113u100 13 6SH SOLE 601,570 Watts Water Technologies CCL A 942749102 2SH SOLE 190,610 Webster Finl Corp WaterburCOM 947890109 2SH SOLE 102,585 10 Wesco International Inc. COM 95082p105 19 5SH SOLE 444,495 12 Westar Energy Inc COM 95709t100 24 1,02SH SOLE 760,360 26 Western Gas Resourse Inc. COM 958259103 1SH SOLE 167,000 Whiting Pete Corp. COM 966387102 1SH SOLE 174,155 Willbros Group Inc COM 969199108 15 1,00SH SOLE 844,835 16 Wintrust Financial Corp COM 97650W108 SH SOLE 62,000 Wright Express COM 98233q105 15 6SH SOLE 554,620 14 Ace Ltd. ORD G0070K103 SH SOLE 10,000 Foster Wheeler Ltd SHS NEW G36535139 16 5SH SOLE 496,900 Ingersoll Rand CL A G4776G101 1SH SOLE 111,720 Orient Express Hotels Ltd CL A g67743107 11 3SH SOLE 331,400 WP Stewart & Co. Ltd. COM g84922106 SH SOLE 11,30 Transocean Inc ORD g90078109 SH SOLE 8,000