13F-HR 1 cmw2031.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: December 31, 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, February 10, 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: 288 Form 13F Information Table Value Total: 2,616,068.00 List of Other Included Managers: None VALUE SHARES/ SH/PUT/INVSTMTOTHER VOTING AUTHORITY NAME OF ISSUER TITLE OFCUSIP (X1000PRN AMT PRNCALLDISCRETMANAGER SOLE SHARED NONE ABB Ltd. Sponsore000375204 693SH SOLE 522 171,0 ACCO Brands Corp. COM 00081t108 24 1,010,SH SOLE 816 193,8 AFC Enterprises Inc. COM 00104q107 538SH SOLE 538,600 Actuant Corp Cl A CL A NEW00508x203 127SH SOLE 127,500 Adesa Inc COM 00686u104 19 778SH SOLE 663 115,1 Advanced Micro Devices COM 007903107 1SH SOLE 16,000 Albany Int'l Corp Cl A CL A 012348108 190SH SOLE 190,000 Alleghany Energy Inc. COM 017361106 28 904SH SOLE 690 214,4 Allegheny Tech Inc COM 01741r102 21 604SH SOLE 493 111,3 Allete Inc COM NEW 018522300 178SH SOLE 124 54, Allis Chalmers Energy InCOM PAR 019645506 539SH SOLE 539,500 Allstate Corp COM 020002101 SH SOLE 9,400 Alpha Natural Resource ICOM 02076x102 15 799SH SOLE 694 104,5 Amerco COM 023586100 16 228SH SOLE 180 48, Amerus Group Co COM 03072m108 SH SOLE 8,250 Ameriprise Financial IncCOM 03076c106 15 374SH SOLE 272 102,1 Ametek COM 031100100 1SH SOLE 11, Apache Corp COM 037411105 9SH SOLE 5 40, Aqua America Inc COM 03836w103 140SH SOLE 140,000 Aquila Inc COM 03840p102 1,088,SH SOLE 1,088,000 Arch Coal Inc. COM 039380100 1SH SOLE 12,000 Archipelago Holdings COM 03957a104 3SH SOLE 31,300 Ashland Oil COM 044209104 12 223SH SOLE 173 50, Aztar Corp COM 054802103 18 601SH SOLE 520 80, BKF Capital Group Inc. COM 05548g102 307SH SOLE 307,500 BPI Inds Inc COM 055934103 121SH SOLE 121,000 Bank of America COM 060505104 1SH SOLE 17,500 Bank of Montreal COM 063671101 1SH SOLE 10,000 Bank Mutual Corp COM 063750103 1SH SOLE 13,900 Bank of Nova Scotia HaliCOM 064149107 SH SOLE 5,400 BankAtlantic Bancorp Cl CL A 065908501 15 1,109,SH SOLE 954 154,5 BankFinancial Corp COM 06643p104 665SH SOLE 635 30000 Bluegreen Corp COM 096231105 412SH SOLE 412,500 Boardwalk Bank Wts *W EXP 1096611116 1SH SOLE 11,000 Bois D'Arc Energy Inc. COM 09738u103 465SH SOLE 465,000 Brady Corporation CL A 104674106 257SH SOLE 257,500 Brinks Co COM 109696104 25 542SH SOLE 469 72, Brush Engineered Matl InCOM 117421107 464SH SOLE 464,845 Bucyrus International CL A 118759109 21 407SH SOLE 344 63, CB Richard Ellis Group CL A 12497t101 SH SOLE 3,700 C I T Group COM 125581108 14 270SH SOLE 184 85, CMS Energy Corp COM 125896100 14 992SH SOLE 758 233,4 Canadian Pacific LimitedCOM 13645t100 133SH SOLE 133,395 Carrizo Oil & Gas Inc COM 144577103 320SH SOLE 320,000 Castle A M & Co COM 148411101 390SH SOLE 390,000 Cavalier Homes Inc COM 149507105 1,190,SH SOLE 1,190,000 Centerpoint Energy Inc HCOM 15189t107 390SH SOLE 265 124,4 Cenveo Inc. COM 15670s105 701SH SOLE 701,000 Certegy Inc COM 156880106 SH SOLE 7,065 Champion Enterprises COM 158496109 13 1,017,SH SOLE 876 141400 Chaparral Steel Co COM 159423102 17 576SH SOLE 536 40, Chemed Corp COM 16359r103 SH SOLE 6,400 Chesapeake Energy COM 165167107 9SH SOLE 1 79, Chicago Bridge & Iron CoNY REGIS167250109 34 1,388,SH SOLE 1,220, 168,0 Choice Hotels Holding InCOM 169905106 2SH SOLE 28,000 Chiquita Brands Int'l InCOM 170032809 328SH SOLE 328,300 Cimarex Energy Co COM 171798101 27 644SH SOLE 557 87, Circor Intl Inc COM 17273k109 17 685SH SOLE 615 69, Citigroup Inc COM 172967101 1SH SOLE 16,150 Citizens First Bancorp COM 17461r106 395SH SOLE 385 10, Commercial Metals Co COM 201723103 34 912SH SOLE 767 144,8 Compass Minerals Intl. ICOM 20451n101 280SH SOLE 280,220 Compton Petroleum Corp. COM 204940100 476SH SOLE 476,600 Comstock Resources Inc. COM NEW 205768203 25 834SH SOLE 706 128,0 Conocophillips COM 20825c104 2SH SOLE 21,500 Conseco Inc. New COM NEW 208464883 39 1,694,SH SOLE 1,417, 276,8 Covanta Hldg Corp COM 22282e102 35 2,362,SH SOLE 1,865, 497,6 Crane Co. COM 224399105 143SH SOLE 108 35, Crawford & Co. Cl B CL B 224633107 482SH SOLE 482,500 Crown Holdings Inc. COM 228368106 20 1,034,SH SOLE 783 250,8 Dean Foods Co. COM 242370104 240SH SOLE 167 72, Del Monte Foods Co. COM 24522P103 167SH SOLE 167,505 Deltic Timber Corp COM 247850100 20 401SH SOLE 346 54, Denbury Res Inc. COM NEW 247916208 2SH SOLE 20,000 Diamonds Trust Ser I UniUNIT SER252787106 SH SOLE 2,900 Dillard Inc. CL A 254067101 17 724SH SOLE 610 114,5 Donnelly RR & Sons. Co. COM 257867101 4SH SOLE 41, Dover Corp. COM 260003108 129SH SOLE 9 36, Dresser Rand Group Inc COM 261608103 365SH SOLE 365,100 Dun & Bradstreet COM 26483e100 9SH SOLE 7 19, Duquesne Lt Hldgs Inc COM 266233105 10 663SH SOLE 595 68, Dynegy Inc. COM 26816Q101 1,215,SH SOLE 1,215,000 Emeritus Corp COM 291005106 238SH SOLE 238,000 Encore Acquisition Co. COM 29255w100 200SH SOLE 200,000 Enpro Industries Inc. COM 29355x107 27 1,014,SH SOLE 871 143,6 Epoch Hldg Corp COM 29428r103 812SH SOLE 812,037 Equifax Inc. COM 294429105 SH SOLE 8,880 FMC Technologies Inc. COM 30249u101 40 944SH SOLE 767 176,4 FedFirst Finl Corp COM 31429x105 3SH SOLE 32,080 Fidelity National FinancCOM 316326107 12 347SH SOLE 240 106,7 First Banccorp Holding CCOM 318672102 2SH SOLE 20,000 First Niagara Financial COM 33582v108 3SH SOLE 32,500 Fleetwood Enterprises COM 339099103 703SH SOLE 703,800 Florida Pub Utilities CoCOM 341135101 166SH SOLE 166,000 Flow Intl Corp COM 343468104 770SH SOLE 770,000 Flowers Foods Inc COM 343498101 43 1,596,SH SOLE 1,280, 316,1 Flowserve Corp. COM 34354p105 10 254SH SOLE 237 16, Fortune Brands COM 349631101 111SH SOLE 7 35, Foundation Coal HoldingsCOM 35039w100 39 1,049,SH SOLE 831 217,4 Freeport McMoran Copper CL B 35671D857 SH SOLE 8,000 Freescale Semiconductor COM CL A35687m107 5SH SOLE 4 8 Frieghtcar America Inc. COM 357023100 196SH SOLE 196,000 GP Strategies Corp. COM 36225v104 476SH SOLE 476,800 Gardner Denver Inc COM 365558105 12 260SH SOLE 183 76, Gasco Energy Inc COM 367220100 21 3,225,SH SOLE 2,849, 376,1 Gaylord Entmt Co. COM 367905106 16 372SH SOLE 339 33, Gencorp COM 368682100 19 1,111,SH SOLE 991 119,2 General Cable Corp. COM 369300108 464SH SOLE 464,000 Genworth Financial COM CL A37247d106 2SH SOLE 22,000 Global Power Equipment GCOM 37941P108 1,225,SH SOLE 1,180, 45, Goldman Sachs Group Inc.COM 38141G104 SH SOLE 5,000 Goodrich Petroleum Corp.COM NEW 382410405 17 715SH SOLE 568 146,5 Gray Television Inc COM 389375106 687SH SOLE 687,470 Grey Wolf Inc COM 397888108 5SH SOLE 53,000 Griffon Corp COM 398433102 SH SOLE 9,290 Halliburton Co COM 406216101 1SH SOLE 12,000 Hartford Financial Svcs COM 416515104 112SH SOLE 7 39, Headwaters Inc. COM 42210P102 230SH SOLE 230,000 Hearst-Argyle TelevisionCOM 422317107 5SH SOLE 50,658 Helmerich & Payne Inc COM 423452101 113SH SOLE 113,780 Hercules Offshore Inc. COM 427093109 4SH SOLE 45,000 Hexcel Corp COM 428291108 20 1,136,SH SOLE 992 143,8 HomeFederal Bancorp COM 43709a101 317SH SOLE 317,900 Honeywell COM 438516106 199SH SOLE 119 80, Hornbeck Offshores ServiCOM 440543106 279SH SOLE 279,500 Hudson City Bancorp Inc.COM 443683107 10 878SH SOLE 655 222,9 IHOP Corporation COM 449623107 11 252SH SOLE 206 46, ITT Corp. COM 450911102 13 127SH SOLE 9 30, Independent Bank Corp - COM 453838104 SH SOLE 9,250 Infinity Energy ResourceCOM 45663l403 415SH SOLE 415,000 Interactive Data Corp COM 45840j107 283SH SOLE 257 26, ICG Inc. COM 45928h106 6SH SOLE 66,300 IShares Inc MSCI SingapoMSCI SIN464286673 5SH SOLE 55,200 Ishares Tr Russell 2000 RUSL 200464287630 4SH SOLE 42,302 IShares Russell 2000 RUSSELL 464287655 1SH SOLE 12,300 JP Morgan Chase & Co COM 46625h100 1SH SOLE 17,500 Jacuzzi Brands Inc COM 469865109 775SH SOLE 735 40, James Riv Coal Co COM NEW 470355207 168SH SOLE 168,800 Janus Cap Group Inc COM 47102x105 185SH SOLE 185,000 Jefferies Group Inc. COM 472319102 10 234SH SOLE 176 58, Journal Register Co COM 481138105 7SH SOLE 72,745 Joy Global Inc COM 481165108 38 973SH SOLE 806 167,8 KCS Energy Inc COM 482434206 24 1,009,SH SOLE 826 182,5 KFX Inc. COM 48245l107 370SH SOLE 370,000 KMG America Corp. COM 482563103 1SH SOLE 15,000 Kansas City Southern IndCOM NEW 485170302 27 1,141,SH SOLE 978 162,7 LKQ Corporation COM 501889208 210SH SOLE 210,000 Labranche & Co. Inc. COM 505447102 782SH SOLE 782,000 Lamson & Sessions COM 513696104 342SH SOLE 342,500 Lance Inc. COM 514606102 231SH SOLE 231,650 Leucadia National Corp COM 527288104 18 387SH SOLE 247 139,7 Levitt Corp FL Cl A CL A 52742p108 17 787SH SOLE 673 114,8 Lincoln Electric HoldingCOM 533900106 186SH SOLE 186,000 Lone StarStkhse COM 542307103 110SH SOLE 110,000 Longview Fibre Co WashinCOM 543213102 6SH SOLE 65,000 Lufkin Inds. Inc COM 549764108 174SH SOLE 174,000 Mac-Gray Corp COM 554153106 327SH SOLE 327,500 Manitowoc Company Inc. COM 563571108 160SH SOLE 145 15, Marathon Oil Corp COM 565849106 6SH SOLE 69,000 Marcus Corp. COM 566330106 282SH SOLE 282,000 Marketaxess Hldgs Inc COM 57060d108 731SH SOLE 731,700 Marshall & Ilsley Corp COM 571834100 1SH SOLE 16,400 Marriott Intl Cl A CL A 571903202 117SH SOLE 7 47, Martin Marietta Mater COM 573284106 13 171SH SOLE 146 24, Massey Energy Co. COM 576206106 17 464SH SOLE 378 86, McDermott Int'l COM 580037109 42 955SH SOLE 806 149,3 McMoran Exploration Co. COM 582411104 270SH SOLE 270,000 Meadowbrook Insurance GrCOM 58319p108 480SH SOLE 480,000 Medtronic Inc. COM 585055106 SH SOLE 3,600 Mellon Bank COM 58551a108 2SH SOLE 22,000 Mercer Insurance Group ICOM 587902107 2SH SOLE 29,800 Meredith Corp. COM 589433101 8SH SOLE 88,380 Merrill Lynch & Co. COM 590188108 SH SOLE 9,850 Methode Electrs Cl A COM 591520200 367SH SOLE 312 55, MetLife Inc COM 59156r108 194SH SOLE 126 67, Microsoft Corp COM 594918104 SH SOLE 8,200 Midas Inc. COM 595626102 369SH SOLE 369,900 S&P MidCap 400 Spdrs UNIT SER595635103 SH SOLE 4,200 MoneyGram Intl Inc COM 60935y109 22 865SH SOLE 724 140,8 Moody Corp COM 615369105 13 222SH SOLE 164 58, Moog Inc. Cl A CL A 615394202 101SH SOLE 6 35, Moog Inc. Cl B CL B 615394301 7SH SOLE 70,500 Movado Group Inc. COM 624580106 375SH SOLE 375,000 Nasdaq Stock Market Inc.COM 631103108 4SH SOLE 47,600 Natural Gas Services GrpCOM 63886q109 310SH SOLE 310,000 NewAlliance Bancshares ICOM 650203102 14 984SH SOLE 791 192,4 Newell Rubbermaid Inc. COM 651229106 13 550SH SOLE 414 135,3 North Folk Bancorp Inc. COM 659424105 183SH SOLE 177 5 Occidental Petroleum COM 674599105 114SH SOLE 9 20, Old Republic Intl COM 680223104 2SH SOLE 26,860 Oregon Steel Mills Inc COM 686079104 25 859SH SOLE 737 121,3 PHH Corp. COM NEW 693320202 312SH SOLE 312,000 PNC Financial Corp COM 693475105 SH SOLE 8,500 Parker Drilling COM 701081101 889SH SOLE 889,000 Partners Trust FinancialCOM 70213f102 100SH SOLE 100,603 Phoenix Cos Inc COM 71902e109 14 1,057,SH SOLE 868 188,7 Pioneer Drilling CompanyCOM 723655106 429SH SOLE 429,000 Pioneer Natural ResourceCOM 723787107 14 285SH SOLE 209 76, Piper Jaffray Inc COM 724078100 212SH SOLE 212,500 Plains Expl & Prod Co COM 726505100 26 660SH SOLE 534 125,8 Popular Inc COM 733174106 1SH SOLE 16,500 Principal Financial GrouCOM 74251v102 181SH SOLE 116 65, Private Bancorp Inc. COM 742962103 9SH SOLE 94,000 Proliance Intl Inc COM 74340r104 101SH SOLE 101,200 Providence & Worcester RCOM 743737108 352SH SOLE 264 88, Provident Bancshares CorCOM 743859100 1SH SOLE 12,500 Provident Financial ServCOM 74386t105 3SH SOLE 39,580 Prudential Financial IncCOM 744320102 11 161SH SOLE 110 51, Quicksilver Res Inc COM 74837r104 194SH SOLE 194,800 RH Donnelly Corp. COM NEW 74955w307 1SH SOLE 14,955 RPC Inc COM 749660106 342SH SOLE 342,500 RailAmerica Inc. COM 750753105 702SH SOLE 675 27, Rainier Pacific FinanciaCOM 75087u101 113SH SOLE 113,850 Ralcorp Holdings Inc COM 751028101 23 583SH SOLE 519 64, Range Resources Corp. COM 75281a109 18 705SH SOLE 554 150,9 RBC Bearings Inc. COM 75524b104 367SH SOLE 367,500 Ready Mix Inc. COM 755747102 282SH SOLE 282,500 Red Lion Hotels Corp. COM 756764106 117SH SOLE 117,200 Regal Beloit Corp. COM 758750103 11 317SH SOLE 257 59, Regional Bk Holders TrusDEPOSITR75902e100 SH SOLE 4,400 Remington Oil & Gas CorpCOM 759594302 15 424SH SOLE 318 105,7 Retail Ventures Inc HoldCOM 76128Y102 12 1,022,SH SOLE 895 127,5 Rockwell Automation CorpCOM 773903109 15 254SH SOLE 187 66, Royal Gold Inc COM 780287108 1SH SOLE 11,700 Ryerson Tull Inc. New COM 78375P107 345SH SOLE 345,300 SPDR Trust Ser 1 Unit UNIT SER78462f103 SH SOLE 7,400 SWS Group Inc. COM 78503n107 387SH SOLE 387,500 St. Joe Corp. COM 790148100 19 288SH SOLE 234 54, Sauer Danfoss Inc. COM 804137107 212SH SOLE 161 51, Spdr Fd Financial SBI INT-81369Y605 2SH SOLE 23,300 Southern Union Co COM 844030106 258SH SOLE 202 56, Southwestern Energy Co. COM 845467109 9SH SOLE 99,600 Sprint Nextel Corp Fon SCOM FON 852061100 SH SOLE 9,400 Stage Stores Inc COM NEW 85254c305 316SH SOLE 316,380 Standard Parking Corp COM 853790103 262SH SOLE 262,200 Steak N Shake COM 857873103 12 761SH SOLE 627 134,6 Streettracks Gold Tr GolGOLD SHS863307104 SH SOLE 8,000 Suncor Energy Inc. COM 867229106 1SH SOLE 12,700 Superior Essex Inc COM 86815v105 312SH SOLE 312,500 Superiour Well Services COM 86837x105 307SH SOLE 307,900 Sybron Dental SpecialtieCOM 871142105 36 924SH SOLE 741 182,6 Teledyne COM 879360105 208SH SOLE 208,600 Tenneco Automotive Inc COM 880349105 440SH SOLE 376 63, Terex Corp. COM 880779103 29 493SH SOLE 425 67, Texas Indust COM 882491103 15 316SH SOLE 296 19, Textron COM 883203101 11 144SH SOLE 9 44, Thomas & Betts Corp. COM 884315102 18 446SH SOLE 361 85, Tierone Corporation COM 88650r108 16 567SH SOLE 497 70, Timken Co. COM 887389104 24 770SH SOLE 753 17, Triarc Co. Inc. CL A 895927101 21 1,295,SH SOLE 1,124, 171,2 Triarc Co Inc Cl B Ser ICL B SER895927309 341SH SOLE 271 69, Tronox Incorporated CLA 897051108 250SH SOLE 250,000 US Concrete Inc COM 90333L102 760SH SOLE 760,000 Ultra Pete Corp COM 903914109 1SH SOLE 13,000 Union Pacific Corp COM 907818108 7SH SOLE 71,823 Unionbancal Corp COM 908906100 SH SOLE 6,300 United Financial Corp COM 909919102 1SH SOLE 18,644 United Technlogies COM 913017109 SH SOLE 3,800 Unitrin Inc COM 913275103 12 283SH SOLE 247 36, Universal Compression HoCOM 913431102 208SH SOLE 206 1 Vail Resorts Inc. COM 91879q109 289SH SOLE 287 2 Valmont Inds. Inc. COM 920253101 210SH SOLE 210,000 Van Der Moolen Hldg. SPONSORE921020103 1,219,SH SOLE 1,219,370 Veritas DGC Inc. COM 92343p107 215SH SOLE 215,000 Viacom Inc Cl B CL B 92553p201 211SH SOLE 165 45, WCI Cmntys Inc COM 92923c104 358SH SOLE 355 2 W Holding Company Inc. COM 929251106 2SH SOLE 20,600 Wabtec COM 929740108 13 496SH SOLE 466 29, Wachovia Corp. 2nd New COM 929903102 1SH SOLE 10,000 Waddell & Reed Fin Cl A CL A 930059100 167SH SOLE 167,500 Walter Industries COM 93317Q105 11 240SH SOLE 240,145 Water Pik Technologies ICOM 94113u100 16 767SH SOLE 691 75, Watts Water TechnologiesCL A 942749102 288SH SOLE 269 19, Webster Finl Corp WaterbCOM 947890109 185SH SOLE 8 98, Wesco International Inc.COM 95082p105 25 605SH SOLE 485 120,2 Westar Energy Inc COM 95709t100 24 1,157,SH SOLE 896 261,5 Western Gas Resourse IncCOM 958259103 188SH SOLE 188,000 Westside Energy Corp. COM 96149r100 373SH SOLE 373,100 Whiting Pete Corp. COM 966387102 196SH SOLE 194 2 Willbros Group Inc COM 969199108 16 1,165,SH SOLE 1,002, 163,5 Wintrust Financial Corp COM 97650W108 8SH SOLE 83,000 Wright Express COM 98233q105 18 857SH SOLE 714 143,4 Ace Ltd. ORD G0070K103 SH SOLE 7,500 Foster Wheeler Ltd SHS NEW G36535139 20 554SH SOLE 502 52, Ingersoll Rand CL A G4776G101 189SH SOLE 111 77, Orient Express Hotels LtCL A g67743107 14 457SH SOLE 392 64, WP Stewart & Co. Ltd. COM g84922106 SH SOLE Transocean Inc ORD g90078109 SH SOLE 8,000