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
ACCURIDE CORP Common 00439t206 12,028 2,771,480 SH   SOLE   2,338,180 0 0
ASHFORD HOSPITALITY PRIME INC. Common 044102101 8,210 478,443 SH   SOLE   411,150 0 0
ASHFORD HOSPITALITY TRUST INC Common 044103109 18,889 1,802,347 SH   SOLE   1,550,826 0 0
ASTRO-MED INC Common 04638F108 10,059 609,621 SH   SOLE   516,521 0 0
BLUE NILE, INC. Common 09578R103 29,167 809,979 SH   SOLE   696,429 0 0
BRIGGS & STRATTON Common 109043109 27,034 1,323,894 SH   SOLE   1,140,679 0 0
BRUNSWICK CORP Common 117043109 13,713 267,516 SH   SOLE   228,331 0 0
CASELLA WASTE SYSTEMS INC. Common 147448104 12,899 3,192,741 SH   SOLE   2,694,341 0 0
CENTRAL GARDEN AND PET CO - A Common 153527205 27,996 2,931,488 SH   SOLE   2,502,131 0 0
CENTRAL GARDEN AND PET CO. Common 153527106 11,708 1,333,456 SH   SOLE   1,120,862 0 0
CITI TRENDS INC. Common 17306X102 8,860 350,904 SH   SOLE   296,025 0 0
COLUMBUS MCKINNON N Y COM Common 199333105 14,755 526,205 SH   SOLE   444,805 0 0
COMMERCIAL VEHICLE GROUP INC Common 202608105 12,818 1,924,554 SH   SOLE   1,626,554 0 0
CPI AEROSTRUCTURES INC Common 125919308 5,633 551,759 SH   SOLE   463,159 0 0
DOUGLAS DYNAMICS INC. Common 25960r105 24,067 1,123,050 SH   SOLE   959,975 0 0
ESCROW SHARES: GERBER SCIENTIFIC INC. Common 37373ESC5 0 841,349 SH   SOLE   703,427 0 0
EVOLVING SYSTEMS INC Common 30049R209 293 31,240 SH   SOLE   26,540 0 0
FIRST CONNECTICUT BANKCORP, INC. Common 319850103 13,152 805,901 SH   SOLE   682,101 0 0
FRP HOLDINGS INC Common 30292L107 9,115 232,474 SH   SOLE   196,674 0 0
FURMANITE CORPORATION Common 361086101 1,765 225,687 SH   SOLE   190,287 0 0
GLOBAL POWER EQUIPMENT GROUP Common 37941P306 12,919 935,474 SH   SOLE   789,219 0 0
GLOBE SPECIALTY METALS INC Common 37954n206 26,044 1,511,535 SH   SOLE   1,302,716 0 0
GRAFTECH INTERNATIONAL LTD Common 384313102 25,022 4,945,085 SH   SOLE   4,240,999 0 0
GRANITE CONSTRUCTION INC Common 387328107 28,325 745,012 SH   SOLE   642,212 0 0
GREAT LAKES DREDGE & DOCK CO Common 390607109 27,286 3,187,670 SH   SOLE   2,705,229 0 0
HARSCO CORP Common 415864107 28,144 1,489,885 SH   SOLE   1,284,638 0 0
HEADWATERS INC. Common 42210P102 30,612 2,042,191 SH   SOLE   1,753,629 0 0
HEIDRICK & STRUGGLES INTL Common 422819102 13,545 587,638 SH   SOLE   496,638 0 0
HILL INTERNATIONAL INC. Common 431466101 13,287 3,460,046 SH   SOLE   2,926,346 0 0
HOMETRUST BANCSHARES INC Common 437872104 13,764 826,146 SH   SOLE   697,175 0 0
INNERWORKINGS INC Common 45773Y105 25,830 3,315,778 SH   SOLE   2,856,233 0 0
INSTEEL INDUSTRIES INC. Common 45774w108 15,600 661,564 SH   SOLE   559,664 0 0
INTREPID POTASH INC Common 46121Y102 26,671 1,921,551 SH   SOLE   1,651,730 0 0
INVACARE CORP Common 461203101 26,677 1,591,709 SH   SOLE   1,370,260 0 0
JOHN BEAN TECHNOLOGIES CORP Common 477839104 26,321 801,007 SH   SOLE   686,555 0 0
KEY TECHNOLOGY INC Common 493143101 4,129 312,788 SH   SOLE   267,588 0 0
KMG CHEMICALS INC Common 482564101 6,755 337,747 SH   SOLE   285,047 0 0
LAWSON PRODUCTS INC. Common 520776105 2,353 88,071 SH   SOLE   75,171 0 0
LAYNE CHRISTENSEN COMPANY Common 521050104 20,608 2,160,181 SH   SOLE   1,855,257 0 0
LIBBEY INC Common 529898108 15,147 481,788 SH   SOLE   406,288 0 0
LMI AEROSPACE Common 502079106 5,746 407,552 SH   SOLE   344,352 0 0
MAIDEN HOLDINGS LTD Common 036419750 26,568 2,077,269 SH   SOLE   1,784,915 0 0
MARINEMAX INC Common 567908108 13,049 650,863 SH   SOLE   549,238 0 0
MEADOWBROOK INSURANCE GROUP Common 58319P108 14,977 1,770,318 SH   SOLE   1,496,718 0 0
MERCURY SYSTEMS INC Common 589378108 14,716 1,057,201 SH   SOLE   894,501 0 0
MISTRAS GROUP INC. Common 60649T107 5,378 293,389 SH   SOLE   251,789 0 0
MODINE MANUFACTURING Common 607828100 19,943 1,466,384 SH   SOLE   1,262,622 0 0
MUELLER WATER PRODUCTS Common 624758108 25,376 2,478,168 SH   SOLE   2,125,169 0 0
NATIONAL INTERSTATE CORP Common 63654U100 26,270 881,532 SH   SOLE   759,031 0 0
NCI BUILDING SYSTEMS INC Common 628852204 26,981 1,456,840 SH   SOLE   1,256,379 0 0
NORTHERN TECHNOLOGIES INTL Common 665809109 5,016 235,030 SH   SOLE   199,130 0 0
OMNOVA SOLUTIONS INC Common 682129101 6,106 750,106 SH   SOLE   636,306 0 0
PERCEPTRON INC Common 71361F100 1,899 190,836 SH   SOLE   161,836 0 0
PMFG INC. Common 69345P103 11,755 2,247,704 SH   SOLE   1,896,104 0 0
POWELL INDUSTRIES INC Common 739128106 21,071 429,403 SH   SOLE   368,256 0 0
QAD INC Common 74727D306 6,473 286,178 SH   SOLE   238,578 0 0
QAD INC-B Common 74727D207 39 2,052 SH   SOLE   1,752 0 0
RAND LOGISTICS INC Common 752182105 6,142 1,554,887 SH   SOLE   1,325,487 0 0
REGIS CORP Common 758932107 26,335 1,571,327 SH   SOLE   1,352,974 0 0
REIS INC Common 75936p105 4,803 183,547 SH   SOLE   154,547 0 0
SCHNITZER STEEL INDUSTRIES, INC. Common 806882106 25,833 1,145,073 SH   SOLE   987,195 0 0
STERLING CONSTRUCTION CO Common 859241101 9,380 1,467,873 SH   SOLE   1,240,873 0 0
STONERIDGE INC. Common 86183P102 14,159 1,101,038 SH   SOLE   929,538 0 0
THE PANTRY INC Common 698657103 9,035 243,801 SH   SOLE   205,701 0 0
TITAN MACHINERY, INC. Common 88830R101 13,405 961,630 SH   SOLE   811,430 0 0
UMH PROPERTIES INC. Common 903002103 12,723 1,332,241 SH   SOLE   1,124,041 0 0
UNIVERSAL STAINLESS & ALLOY Common 913837100 12,653 503,111 SH   SOLE   424,474 0 0
VISHAY PRECISION GROUP Common 92835K103 12,791 745,400 SH   SOLE   632,900 0 0
WARRANTS: ROO GROUP INC Common 776349102 0 60,000 SH   SOLE   0 0 0
WILLIS LEASE FINANCE CORPORATION Common 970646105 12,080 551,598 SH   SOLE   466,398 0 0