13F-HR 1 form13-f.txt KEELEY ASSET MANAGEMENT CORP FORM 13-F 6-30-07 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, 2007 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: 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, August 2, 2007 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: 328 Form 13F Information Table Value Total: 8,414,329.00 List of Other Included Managers: None
FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ------ ABB Ltd. SPONSORED ADR 000375204 788 34870 SH Sole 34870 0 ACCO Brands Corp. COM 00081t108 74345 3225388 SH Sole 2952013 0 273375 AFC Enterprises Inc. COM 00104q107 22021 1273650 SH Sole 1255650 0 18000 AMCOL International Corp COM 02341W103 42533 1557425 SH Sole 1557425 0 Ace Ltd. ORD G0070K103 469 7500 SH Sole 7500 0 Actuant Corp Cl A CL A NEW 00508x203 49502 785000 SH Sole 785000 0 Aecom Technology Corp COM 00766t100 31409 1266000 SH Sole 1226000 0 40000 Agilent Technologies COM 00846u101 288 7500 SH Sole 7500 0 Albany Int'l Corp Cl A CL A 012348108 36396 900000 SH Sole 900000 0 Alleghany Energy COM 017361106 29852 576960 SH Sole 363610 0 213350 Allegheny Tech Inc COM 01741r102 64229 612405 SH Sole 583805 0 28600 Allete Inc COM NEW 018522300 15369 326648 SH Sole 270848 0 55800 Allis Chalmers Energy Inc. COM PAR $.01NW 019645506 34267 1490500 SH Sole 1490500 0 Allstate Corp COM 020002101 578 9400 SH Sole 9400 0 Alpha Natural Resource Inc. COM 02076x102 37488 1803160 SH Sole 1773210 0 29950 Altra Holdings Inc. COM 02208r106 36090 2088520 SH Sole 1988520 0 100000 Amerco COM 023586100 39847 527775 SH Sole 484375 0 43400 American Railcar Industries COM 02916p103 71805 1841147 SH Sole 1714597 0 126550 American Standard COM 029712106 767 13000 SH Sole 13000 0 Ameriprise Financial Inc COM 03076c106 24388 383641 SH Sole 304041 0 79600 Ametek COM 031100100 2236 56350 SH Sole 44000 0 12350 Ampco Pittsburgh COM 032037103 28400 708400 SH Sole 708400 0 Apple Computer COM 037833100 2075 17000 SH Sole 17000 0 Aqua America Inc COM 03836w103 3036 135000 SH Sole 135000 0 Aquila Inc COM 03840p102 14403 3521500 SH Sole 3521500 0 Arch Chemicals Inc. COM 03937r102 8785 250000 SH Sole 250000 0 Ashland Oil COM 044209104 16890 264118 SH Sole 203618 0 60500 Atlas Air Worldwide Holdings COM NEW 049164205 30236 513000 SH Sole 513000 0 Avis Budget Group COM 053774105 1555 54700 SH Sole 54700 0 Baidu.Com Inc SPON ADR REP A 056752108 1848 11000 SH Sole 11000 0 Bank Mutual Corp COM 063750103 189 16400 SH Sole 16400 0 Bank of America COM 060505104 782 16000 SH Sole 16000 0 Bank of Montreal COM 063671101 644 10000 SH Sole 10000 0 BankAtlantic Bancorp CL A 065908501 30702 3565874 SH Sole 3436144 0 129730 BankFinancial Corp COM 06643p104 29443 1905682 SH Sole 1839297 0 66385 Basic Energy Services COM 06985p100 22629 885000 SH Sole 885000 0 Black Hill Corp. COM 092113109 26831 675000 SH Sole 675000 0 Black Rock CA Insd Mun 2008 Te COM 09247g108 271 18000 SH Sole 18000 0 Bois D'Arc Energy Inc. COM 09738u103 24608 1445000 SH Sole 1445000 0 Boston Private Financial Hldgs COM 101119105 63979 2381040 SH Sole 2372630 0 8410 Brinks Co COM 109696104 40370 652289 SH Sole 610699 0 41590 Bronco Drilling Company Inc COM 112211107 18133 1105000 SH Sole 1105000 0 Brush Engineered Matl Inc Hldg COM 117421107 37735 898665 SH Sole 898665 0 Bucyrus International CL A 118759109 88049 1243976 SH Sole 1162106 0 81870 C I T Group COM 125581108 12274 223864 SH Sole 215364 0 8500 C K E Restaurants Inc COM 12561E105 36327 1810000 SH Sole 1810000 0 CB Richard Ellis Group CL A 12497t101 319 8750 SH Sole 8750 0 CF Industries Holdings COM 125269100 2737 45700 SH Sole 45700 0 CMS Energy Corp COM 125896100 2137 124257 SH Sole 114757 0 9500 CNH Global NV Shs SHS NEW n20935206 1175 23000 SH Sole 23000 0 CNX Gas Corp. 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CL A 254067101 14848 413251 SH Sole 335651 0 77600 Domtar Corporation COM 257559104 2196 196805 SH Sole 196805 0 Dover Corp. COM 260003108 10368 202700 SH Sole 166400 0 36300 Dresser Rand Group Inc COM 261608103 43511 1101550 SH Sole 1101550 0 Dynegy Inc DEL New CL A 26817g102 637 67500 SH Sole 67500 0 Eastern Insurance Inc. COM 276534104 4464 280950 SH Sole 253550 0 27400 Eaton Vance Tax Mged Gbl buy W COM 27829c105 296 15230 SH Sole 15230 0 Emeritus Corp COM 291005106 10177 328500 SH Sole 328500 0 Encore Acquisition Co. COM 29255w100 23074 830000 SH Sole 830000 0 Enerplus Resources Fund Trust UNIT TR G NEW 29274d604 202 4300 SH Sole 4300 0 Enpro Industries Inc. COM 29355x107 75934 1774583 SH Sole 1653718 0 120865 Epoch Hldg Corp COM 29428r103 22991 1717060 SH Sole 1712060 0 5000 Equity Residential Properties SH BEN INT 29476l107 251 5492 SH Sole 5492 0 Exco Resources Inc. 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COM 38141G104 2428 11200 SH Sole 11200 0 Goodrich Petroleum COM NEW 382410405 76586 2211540 SH Sole 2072080 0 139460 Goodyear Tire & Rubber COM 382550101 2155 62000 SH Sole 62000 0 Granite Construction Inc COM 387328107 46851 730000 SH Sole 730000 0 Gray Television Inc COM 389375106 25168 2715000 SH Sole 2715000 0 Greenbrier Cos Inc COM 393657101 46660 1544000 SH Sole 1544000 0 Greenhill & Co Inc. COM 395259104 36073 525000 SH Sole 525000 0 Halliburton Co COM 406216101 3366 97570 SH Sole 97570 0 Hanesbrands Inc COM 410345102 63745 2358320 SH Sole 2140270 0 218050 Harsco Corp COM 415864107 21932 421760 SH Sole 290960 0 130800 Hartford Financial Svcs Group COM 416515104 7987 81075 SH Sole 60475 0 20600 Haynes Intl Inc. COM NEW 420877201 38829 459890 SH Sole 459890 0 Helix Energy Solution Group In COM 42330p107 710 17778 SH Sole 17778 0 Helmerich & Payne Inc COM 423452101 1895 53500 SH Sole 53500 0 Hercules Offshore Inc. 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COM 456607100 292 10000 SH Sole 10000 0 Ingersoll Rand CL A G4776G101 12216 222830 SH Sole 161430 0 61400 Integrated Electrical Svcs COM 45811e301 19908 603810 SH Sole 603810 0 Interactive Data Corp COM 45840j107 9797 365830 SH Sole 331930 0 33900 Intercontinental Exchange COM 45865v100 1479 10000 SH Sole 10000 0 Interstate Hotels & Resorts In COM 46088s106 10148 1944000 SH Sole 1944000 0 Investment Technology COM 46145f105 47663 1100000 SH Sole 1100000 0 JP Morgan Chase & Co COM 46625h100 1684 34750 SH Sole 34750 0 Janus Cap Group Inc COM 47102x105 6769 243140 SH Sole 243140 0 Jefferies Group Inc. COM 472319102 14838 549970 SH Sole 469720 0 80250 Joy Global Inc COM 481165108 92202 1580692 SH Sole 1478685 0 102007 KBR Inc. COM 48242w106 3003 114490 SH Sole 114490 0 KNBT Bancorp Inc. 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COM 566330106 32254 1357500 SH Sole 1357500 0 Marketaxess Hldgs Inc COM 57060d108 24889 1383500 SH Sole 1383500 0 Marshall & Ilsley Corp COM 571834100 786 16500 SH Sole 16500 0 Martin Marietta Mater COM 573284106 26861 165786 SH Sole 129996 0 35790 Massey Energy Co. COM 576206106 1259 47250 SH Sole 47250 0 Mastercard Inc. Cl A CL A 57636Q104 1659 10000 SH Sole 10000 0 McDermott Int'l COM 580037109 144271 1735692 SH Sole 1641360 0 94332 McGraw Hill Co COM 580645109 5344 78500 SH Sole 78500 0 Meadowbrook Insurance Group In COM 58319p108 11727 1070000 SH Sole 1070000 0 Mercer Insurance Group Inc. COM 587902107 398 20000 SH Sole 20000 0 Meredith Corp. COM 589433101 2595 42126 SH Sole 42126 0 Merrill Lynch & Co. COM 590188108 823 9850 SH Sole 9850 0 MetLife Inc COM 59156r108 5444 84435 SH Sole 76435 0 8000 Midas Inc. 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COM 758750103 38200 820790 SH Sole 763490 0 57300 Retail Ventures Inc Holdings C COM 76128Y102 42165 2614090 SH Sole 2457240 0 156850 Rex Stores Corp COM 761624105 714 36000 SH Sole 36000 0 Rite Aid COM 767754104 3381 530000 SH Sole 530000 0 Rockwell Automation Corp. COM 773903109 14066 202561 SH Sole 171101 0 31460 Rydex ETF Tr S&P 500 EQ TRD 78355w106 389 7600 SH Sole 7600 0 Ryerson Inc. COM 78375p107 35768 950000 SH Sole 950000 0 S&P 500 Covered Call Fund Inc COM 78381p109 291 15641 SH Sole 15641 0 S&P MidCap 400 Spdrs UNIT SER 1 595635103 261 1600 SH Sole 1600 0 SPDR Trust Ser 1 Unit UNIT SER 1 78462f103 34027 226200 SH Sole 226200 0 SWS Group Inc. COM 78503n107 28647 1325000 SH Sole 1325000 0 Saks Holdings Inc COM 79377W108 33934 1589430 SH Sole 1589430 0 Sally Beauty Holdings Inc COM 79546e104 31640 3515570 SH Sole 3265570 0 250000 Sara Lee Corp COM 803111103 7695 442250 SH Sole 442250 0 Sauer Danfoss Inc. 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Grace COM 38388F108 34164 1395000 SH Sole 1395000 0 Wabtec COM 929740108 71338 1952861 SH Sole 1868461 0 84400 Waddell & Reed Fin Cl A CL A 930059100 3693 142000 SH Sole 142000 0 Walter Industries COM 93317Q105 87412 3018362 SH Sole 2872642 0 145720 Watts Water Technologies Cl A CL A 942749102 34036 908360 SH Sole 890260 0 18100 Wausau Paper Corp. COM 943315101 16750 1250000 SH Sole 1250000 0 Webster Finl Corp Waterbury CT COM 947890109 4861 113926 SH Sole 106026 0 7900 Wells Fargo COM 949746101 492 14000 SH Sole 14000 0 Wesco International COM 95082p105 9458 156459 SH Sole 141009 0 15450 Westar Energy Inc COM 95709t100 61058 2514739 SH Sole 2286904 0 227835 Western Refining, Inc. COM 959319104 54910 950000 SH Sole 950000 0 Western Union Co COM 959802109 2205 105860 SH Sole 105860 0 Westfield Financial Inc. COM 96008p104 34623 3472670 SH Sole 3138780 0 333890 Westwood Hldg Group COM 961765104 1401 41000 SH Sole 41000 0 Whiting Pete Corp. COM 966387102 36536 901670 SH Sole 899670 0 2000 Willbros Group Inc COM 969199108 86841 2925917 SH Sole 2711042 0 214875 Wintrust Financial Corp COM 97650W108 12717 290000 SH Sole 290000 0 Wright Express COM 98233q105 84899 2477364 SH Sole 2330319 0 147045 Wyndham Worldwide COM 98310w108 92592 2553549 SH Sole 2265279 0 288270