13F-HR 1 c52133_13fhr.txt ---------------------------- OMB APPROVAL ---------------------------- OMB Number: Expires: Estimated average burden hours per response..... ---------------------------- SEC USE ONLY ---------------------------- ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13f Cover Page Report for the Calendar Year or Quarter Ended 12/31/2007 If amended report check here: |_| Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. David J. Greene and Company, LLC -------------------------------------------------------------------------------- Name of Institutional Investment Manager 599 Lexington Avenue, New York, NY 10022 -------------------------------------------------------------------------------- Business Address (Street) (City) (State) (Zip) 13F File Number: 28-663 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, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Lee Unterman, Chief Operating Officer 212.371.4200 -------------------------------------------------------------------------------- Name (Title) (Phone) /s/ Lee Unterman ------------------------------------------ (Manual Signature of Person Duly Authorized to Submit This Report) 599 Lexington Avenue New York, NY 10022 January 28, 2008 ------------------------------------------ (Place and Date of Signing) Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 186 Form 13F Information Table Value Total: $2,254,315 (thousands) List of Other Included Managers: Name and 13F file numbers of ALL Institutional Investment Managers with respect to which this schedule is filed (other than the one filing this report): (List in alphabetical order). [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] 13F File Numbers will be assigned to Institutional Investment Managers after they file their first report. 13F File No.: Name: 13F File No.: Name: ------------- --------------------- ------------- --------------------- 1. 28- 6. ------------- --------------------- ------------- --------------------- 2. 7. ------------- --------------------- ------------- --------------------- 3. 8. ------------- --------------------- ------------- --------------------- 4. 9. ------------- --------------------- ------------- --------------------- 5. 10. ------------- --------------------- ------------- --------------------- FORM 13F INFORMATION TABLE REPORTING MANAGER : David J. Greene and Company, LLC Page 1
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ------------------------ VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ AT & T INC Common Stock 00206R102 1,809 43,525 SH SOLE 35,650 7,875 ABERCROMBIE & FITCH CO Common Stock 002896207 19,170 239,712 SH SOLE 221,862 17,850 ACCELRYS INC. Common Stock 00430U103 14,534 1,930,098 SH SOLE 1,726,598 203,500 ADVANCE AUTO PARTS Common Stock 00751Y106 13,707 360,810 SH SOLE 323,710 37,100 ADVANCED MEDICAL OPTICS, Common Stock 00763M108 26,140 1,065,626 SH SOLE 956,026 109,600 AKZO NV SPONSORED ADR Common Stock 010199305 15,793 197,150 SH SOLE 181,500 15,650 ALCATEL LUCENT Common Stock 013904305 7,482 1,022,145 SH SOLE 948,998 73,147 ALLIANCE SEMICONDUCTOR Common Stock 01877H100 2,318 1,448,629 SH SOLE 1,303,929 144,700 AMERICAN EXPRESS CO Common Stock 025816109 9,948 191,239 SH SOLE 183,239 8,000 AMERICAN INTERNATIONAL Common Stock 026874107 14,247 244,377 SH SOLE 222,577 21,800 AMGEN INC. Common Stock 031162100 5,313 114,404 SH SOLE 102,300 12,104 CELERA GENOMICS Common Stock 038020202 15,963 1,005,888 SH SOLE 902,888 103,000 APPLIED MICRO CIRCUITS Common Stock 03822W406 5,802 663,820 SH SOLE 594,445 69,375 ARM HOLDINGS PLC - SPONS Common Stock 042068106 29,234 3,950,590 SH SOLE 3,595,490 355,100 ARRIS GROUP INC Common Stock 04269Q100 13,148 1,317,394 SH SOLE 1,182,694 134,700 ASSURANT INC Common Stock 04621X108 3,853 57,600 SH SOLE 53,200 4,400 ASTRO-MED INC Common Stock 04638F108 102 10,312 SH SOLE 10,312 AUTOLIV, INC. Common Stock 052800109 9,177 174,100 SH SOLE 160,400 13,700 AVANEX CORP Common Stock 05348W109 4,581 4,581,347 SH SOLE 4,082,147 499,200 AVIS BUDGET GROUP INC Common Stock 053774105 14,818 1,139,829 SH SOLE 1,070,167 69,662 BP PLC - SPON ADR Common Stock 055622104 1,036 14,159 SH SOLE 14,159 BALL CORP. Common Stock 058498106 16,083 357,400 SH SOLE 333,350 24,050 BANK OF AMERICA CORP Common Stock 060505104 1,641 39,762 SH SOLE 38,856 906 BARON SMALL CAP FUND Common Stock 068278308 393 16,502 SH SOLE 16,502 BEARINGPOINT INC Common Stock 074002106 7,574 2,676,316 SH SOLE 2,396,516 279,800 BERKLEY W R CORP Common Stock 084423102 22,052 739,754 SH SOLE 672,304 67,450 BERKSHIRE HATHAWAY CL B Common Stock 084670207 559 118 SH SOLE 118 BEST BUY COMPANY INC Common Stock 086516101 21,268 403,950 SH SOLE 375,600 28,350 BRINK'S CO Common Stock 109696104 16,708 279,672 SH SOLE 255,572 24,100 BRISTOL MYERS SQUIBB CO Common Stock 110122108 396 14,928 SH SOLE 14,528 400 BROADRIDGE FINANCIAL Common Stock 11133T103 38,253 1,705,451 SH SOLE 1,558,201 147,250 BROCADE COMMUNICATIONS Common Stock 111621306 37,220 5,070,824 SH SOLE 4,543,924 526,900 BURLINGTON NORTHERN Common Stock 12189T104 335 4,026 SH SOLE 4,026 CBS CORP - CLASS B Common Stock 124857202 7,122 261,351 SH SOLE 240,840 20,511 CMS ENERGY CORP Common Stock 125896100 19,620 1,128,910 SH SOLE 1,012,010 116,900 CNA SURETY CORPORATION Common Stock 12612L108 263 13,300 SH SOLE 12,500 800 CTS CORP Common Stock 126501105 4,602 463,472 SH SOLE 420,072 43,400 CVS / CAREMARK CORP Common Stock 126650100 7,044 177,200 SH SOLE 161,100 16,100 CAMBREX CORP Common Stock 132011107 14,556 1,736,991 SH SOLE 1,556,491 180,500 CAPLEASE INC Common Stock 140288101 211 25,000 SH SOLE 25,000 CAPITAL ONE FINANCIAL Common Stock 14040H105 861 18,216 SH SOLE 14,978 3,238 PAGE COLUMN TOTALS 444,935
FORM 13F REPORTING MANAGER : David J. Greene and Company, LLC Page 2
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ------------------------ VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ CARTERS INC Common Stock 146229109 21,178 1,094,470 SH SOLE 1,016,770 77,700 CENTERPOINT ENERGY INC Common Stock 15189T107 47,416 2,768,006 SH SOLE 2,521,506 246,500 CHEMED CORP Common Stock 16359R103 13,432 240,375 SH SOLE 214,775 25,600 CHEMTURA CORP Common Stock 163893100 13,663 1,751,710 SH SOLE 1,570,210 181,500 CHEVRON CORP Common Stock 166764100 4,291 45,980 SH SOLE 40,673 5,307 CISCO SYSTEMS INC. Common Stock 17275R102 14,030 518,276 SH SOLE 471,276 47,000 CITIGROUP INC. Common Stock 172967101 4,736 160,866 SH SOLE 155,816 5,050 COGNEX CORP Common Stock 192422103 13,435 666,764 SH SOLE 597,964 68,800 COMCAST CORP CL A Common Stock 20030N101 865 47,391 SH SOLE 35,893 11,498 COMCAST CORP-SPECIAL CL A Common Stock 20030N200 5,618 310,053 SH SOLE 285,647 24,406 COMDISCO HLD CONTINGENT Common Stock 200334118 100 642,460 SH SOLE 641,044 1,416 COMMUNITY HEALTH Common Stock 203668108 51,356 1,393,278 SH SOLE 1,271,878 121,400 COMVERSE TECHNOLOGY INC Common Stock 205862402 42,038 2,436,970 SH SOLE 2,209,370 227,600 CONOCOPHILLIPS Common Stock 20825C104 14,217 161,009 SH SOLE 146,103 14,906 CONSTAR INTERNATIONAL INC Common Stock 21036U107 3,173 777,755 SH SOLE 690,157 87,598 COOPER COMPANIES INC Common Stock 216648402 38,744 1,019,574 SH SOLE 922,274 97,300 CORINTHIAN COLLEGES INC Common Stock 218868107 16,443 1,067,699 SH SOLE 952,499 115,200 CRANE CO. Common Stock 224399105 44,101 1,028,000 SH SOLE 934,300 93,700 CROWN HOLDING INC Common Stock 228368106 19,772 770,819 SH SOLE 691,019 79,800 CYTEC INDUSTRIES INC. Common Stock 232820100 58,033 942,393 SH SOLE 859,955 82,438 DANA CORP Common Stock 235811106 61 2,528,536 SH SOLE 2,206,236 322,300 DELUXE CORP Common Stock 248019101 21,994 668,716 SH SOLE 599,366 69,350 DIME BANCORP-LITIGATION Common Stock 25429Q110 817 5,040,660 SH SOLE 4,692,321 348,339 DIRECTV GROUP INC Common Stock 25459L106 731 31,600 SH SOLE 31,600 DISCOVERY LABORATORIES Common Stock 254668106 2,198 1,022,485 SH SOLE 914,285 108,200 DISNEY (WALT) COMPANY Common Stock 254687106 4,540 140,633 SH SOLE 124,033 16,600 DISCOVER FINANCIAL Common Stock 254709108 3,145 208,550 SH SOLE 191,200 17,350 DONNELLY (RR) & SONS CO Common Stock 257867101 1,308 34,665 SH SOLE 29,365 5,300 DRESSER-RAND GROUP INC Common Stock 261608103 39,161 1,002,841 SH SOLE 922,241 80,600 DYNEGY INC-CL A Common Stock 26817G102 14,929 2,090,950 SH SOLE 1,972,400 118,550 EARTHLINK INC Common Stock 270321102 9,753 1,379,497 SH SOLE 1,236,297 143,200 ENZON PHARMACEUTICALS Common Stock 293904108 581 61,000 SH SOLE 61,000 ESCO TECHNOLOGIES INC Common Stock 296315104 16,320 408,614 SH SOLE 366,814 41,800 EURONET WORLDWIDE INC Common Stock 298736109 6,407 213,580 SH SOLE 190,480 23,100 EXXON MOBIL CORPORATION Common Stock 30231G102 2,773 29,600 SH SOLE 29,600 FINOVA GROUP INC Common Stock 317928109 0 10,900 SH SOLE 8,400 2,500 FIRST AMERICAN FINL CORP Common Stock 318522307 24,514 718,466 SH SOLE 644,766 73,700 FOUNDRY NETWORKS INC Common Stock 35063R100 13,538 772,745 SH SOLE 692,845 79,900 FRANKLIN BANK CORP Common Stock 352451108 381 88,400 SH SOLE 88,400 FRONTIER OIL CORP Common Stock 35914P105 475 11,696 SH SOLE 11,696 GENERAL DYNAMICS CORP Common Stock 369550108 9,112 102,398 SH SOLE 93,798 8,600 PAGE COLUMN TOTALS 599,380
FORM 13F REPORTING MANAGER : David J. Greene and Company, LLC Page 3
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ------------------------ VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ GENERAL ELECTRIC CO Common Stock 369604103 1,927 51,994 SH SOLE 43,513 8,481 GLAXOSMITHKLINE PLC- ADR Common Stock 37733W105 227 4,506 SH SOLE 4,506 GLOBAL INDS LTD COM Common Stock 379336100 26,469 1,235,722 SH SOLE 1,122,422 113,300 GRANITE CONSTR INC Common Stock 387328107 4,269 118,000 SH SOLE 118,000 HEALTHSOUTH CORPORATION Common Stock 421924309 436 20,758 SH SOLE 17,938 2,820 HEALTH NET INC Common Stock 42222G108 19,457 402,829 SH SOLE 379,649 23,180 HERCULES INC Common Stock 427056106 16,816 869,021 SH SOLE 778,891 90,130 HUBBELL CL.B Common Stock 443510201 26,974 522,755 SH SOLE 474,155 48,600 IMS HEALTH INC. Common Stock 449934108 10,179 441,783 SH SOLE 396,083 45,700 IKANOS COMMUNICATIONS Common Stock 45173E105 6,570 1,221,218 SH SOLE 1,093,018 128,200 INTEL CORP Common Stock 458140100 643 24,104 SH SOLE 22,104 2,000 INTL BUSINESS MACHINES Common Stock 459200101 20,752 191,968 SH SOLE 174,018 17,950 ION GEOPHYSICAL CORP Common Stock 462044108 23,225 1,471,815 SH SOLE 1,319,025 152,790 RUSSELL 2000 VALUE INDEX Common Stock 464287630 501 7,110 SH SOLE 7,110 JDS UNIPHASE CORP Common Stock 46612J507 13,603 1,022,815 SH SOLE 909,015 113,800 J P MORGAN CHASE & CO Common Stock 46625H100 270 6,194 SH SOLE 5,449 745 JOHNSON & JOHNSON Common Stock 478160104 1,198 17,954 SH SOLE 17,954 KBR INC Common Stock 48242W106 20,586 530,570 SH SOLE 476,070 54,500 KANSAS CITY STHRN INDS INC Common Stock 485170302 14,486 421,961 SH SOLE 381,861 40,100 KEYNOTE SYSTEMS INC Common Stock 493308100 15,358 1,093,124 SH SOLE 977,924 115,200 KIMBERLY CLARK CORP Common Stock 494368103 555 8,004 SH SOLE 7,440 564 KOHLS CORP Common Stock 500255104 20,594 449,650 SH SOLE 419,550 30,100 LINCOLN NATIONAL CORP Common Stock 534187109 346 5,950 SH SOLE 5,850 100 MARINER ENERGY INC Common Stock 56845T305 14,190 620,191 SH SOLE 577,321 42,870 MARSHALL & ILSLEY CORP Common Stock 571837103 19,285 728,292 SH SOLE 679,219 49,073 MAXWELL TECHNOLOGIES INC Common Stock 577767106 2,106 254,698 SH SOLE 251,178 3,520 MEDTRONIC INC COM Common Stock 585055106 201 4,000 SH SOLE 4,000 MERCURY COMPUTER Common Stock 589378108 13,357 829,130 SH SOLE 743,130 86,000 MERRIMAC INDUSTRIES INC Common Stock 590262101 2,402 241,860 SH SOLE 216,060 25,800 MESA AIR GROUP Common Stock 590479101 125 40,500 SH SOLE 40,500 METAVANTE TECHNOLOGIES Common Stock 591407101 6,311 270,642 SH SOLE 252,152 18,490 MILACRON INC Common Stock 598709301 883 284,042 SH SOLE 254,621 29,421 MODINE MANUFACTURING CO Common Stock 607828100 8,476 513,385 SH SOLE 460,185 53,200 MOLSON COORS BREWING CO Common Stock 60871R209 33,347 646,008 SH SOLE 578,908 67,100 MYRIAD GENETICS INC Common Stock 62855J104 25,279 544,562 SH SOLE 487,962 56,600 NAVISTAR INTL Common Stock 63934E108 8,273 152,635 SH SOLE 137,325 15,310 NEUROCRINE BIOSCIENCES Common Stock 64125C109 4,376 963,839 SH SOLE 862,839 101,000 OMNICARE INC Common Stock 681904108 21,676 950,300 SH SOLE 892,150 58,150 ORMAT TECHNOLOGIES INC Common Stock 686688102 19,904 361,834 SH SOLE 324,534 37,300 PALL CORP Common Stock 696429307 42,103 1,044,216 SH SOLE 942,216 102,000 PEPSICO INC. Common Stock 713448108 243 3,200 SH SOLE 3,200 PAGE COLUMN TOTALS 467,980
FORM 13F REPORTING MANAGER : David J. Greene and Company, LLC Page 4
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ------------------------ VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ PETROHAWK ENERGY CORP Common Stock 716495106 17,092 987,400 SH SOLE 941,900 45,500 PFIZER INC Common Stock 717081103 472 20,780 SH SOLE 3,700 17,080 PHARMERICA CORP Common Stock 71714F104 9,660 695,952 SH SOLE 623,752 72,200 PHARMACOPEIA INC (DRUG Common Stock 7171EP101 5,858 1,228,165 SH SOLE 1,103,486 124,679 PIER 1 IMPORTS INC Common Stock 720279108 7,478 1,429,911 SH SOLE 1,277,111 152,800 PROCTER & GAMBLE CO Common Stock 742718109 695 9,465 SH SOLE 9,465 QUEST DIAGNOSTICS Common Stock 74834L100 5,142 97,200 SH SOLE 93,300 3,900 QUIKSILVER INC Common Stock 74838C106 16,162 1,883,732 SH SOLE 1,692,832 190,900 RACKABLE SYSTEMS INC Common Stock 750077109 6,233 623,335 SH SOLE 559,035 64,300 RITE AID CORP Common Stock 767754104 32 11,500 SH SOLE 11,500 ROCKWELL AUTOMATION INC Common Stock 773903109 1,214 17,600 SH SOLE 16,300 1,300 ROYAL DUTCH SHELL PLC Common Stock 780259206 604 7,176 SH SOLE 1,620 5,556 RYDER SYSTEM INC Common Stock 783549108 13,307 283,068 SH SOLE 254,078 28,990 KBW BANK Common Stock 78464A797 1,093 25,100 SH SOLE 25,100 SCHOLASTIC CORP Common Stock 807066105 25,143 720,635 SH SOLE 659,735 60,900 SEACHANGE INTERNATIONAL Common Stock 811699107 13,422 1,856,384 SH SOLE 1,669,084 187,300 SKYWORKS SOLUTIONS INC Common Stock 83088M102 28,799 3,388,059 SH SOLE 3,037,959 350,100 SOUTHERN UNION CO Common Stock 844030106 48,103 1,638,386 SH SOLE 1,498,986 139,400 SOVEREIGN BANCORP INC Common Stock 845905108 7,584 665,245 SH SOLE 615,115 50,130 SPRINT NEXTEL CORP Common Stock 852061100 15,096 1,149,740 SH SOLE 1,044,508 105,232 SUBURBAN PROPANE Common Stock 864482104 494 12,200 SH SOLE 9,400 2,800 SUN-TIMES MEDIA GROUP INC Common Stock 86688Q100 418 190,000 SH SOLE 190,000 SYMANTEC CORP Common Stock 871503108 20,319 1,258,950 SH SOLE 1,170,250 88,700 TJX COS INC Common Stock 872540109 23,609 821,759 SH SOLE 772,009 49,750 TNS Inc. Common Stock 872960109 222 12,500 SH SOLE 12,500 TECUMSEH PRODUCTS CO - CL Common Stock 878895200 28,932 1,235,863 SH SOLE 1,106,063 129,800 TEKELEC COM Common Stock 879101103 25,159 2,012,686 SH SOLE 1,806,386 206,300 TELEDYNE TECHNOLOGIES Common Stock 879360105 26,114 489,670 SH SOLE 438,970 50,700 TEVA PHARMACEUTICAL-SP Common Stock 881624209 15,650 336,698 SH SOLE 315,198 21,500 TETRA TECHNOLOGIES INC Common Stock 88162F105 12,765 819,830 SH SOLE 734,430 85,400 3M CO Common Stock 88579Y101 405 4,800 SH SOLE 4,800 TIBCO SOFTWARE INC Common Stock 88632Q103 29,523 3,658,347 SH SOLE 3,278,747 379,600 TIME WARNER INC Common Stock 887317105 18,013 1,091,065 SH SOLE 994,760 96,305 TRANE INC Common Stock 892893108 35,627 762,720 SH SOLE 704,870 57,850 TRAVELERS COMPANIES INC Common Stock 89417E109 296 5,495 SH SOLE 5,495 ULTRATECH INC Common Stock 904034105 15,997 1,410,644 SH SOLE 1,263,844 146,800 UNDERGROUND SOLUTIONS Common Stock 904323102 37 95,000 SH SOLE 95,000 UNITED PARCEL SERVICE INC Common Stock 911312106 248 3,500 SH SOLE 3,500 UTSTARCOM INC Common Stock 918076100 6,312 2,295,384 SH SOLE 2,049,284 246,100 VERIZON COMMUNICATIONS Common Stock 92343V104 1,917 43,886 SH SOLE 37,394 6,492 VERINT SYS INC Common Stock 92343X100 22,755 1,163,942 SH SOLE 1,045,142 118,800 PAGE COLUMN TOTALS 508,000
FORM 13F REPORTING MANAGER : David J. Greene and Company, LLC Page 5
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ------------------------ VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ VIRGIN MEDIA INC Common Stock 92769L101 11,763 686,300 SH SOLE 643,900 42,400 VODAPHONE GROUP PLC Common Stock 92857W209 352 9,444 SH SOLE 9,094 350 WABCO HOLDINGS INC Common Stock 92927K102 7,932 158,356 SH SOLE 145,199 13,157 WACHOVIA CORP (NEW) Common Stock 929903102 3,710 97,551 SH SOLE 88,498 9,053 WARNER MUSIC GROUP INC Common Stock 934550104 11,041 1,821,923 SH SOLE 1,632,623 189,300 WASHINGTON MUTUAL INC Common Stock 939322103 2,382 175,015 SH SOLE 156,624 18,391 WASTE MANAGEMENT INC Common Stock 94106L109 6,377 195,200 SH SOLE 183,900 11,300 WAVECOM SA - ADR Common Stock 943531103 7,643 451,952 SH SOLE 403,615 48,337 WESTERN UNION COMPANY Common Stock 959802109 21,473 884,380 SH SOLE 813,230 71,150 WYETH Common Stock 983024100 18,230 412,543 SH SOLE 378,043 34,500 WYNDHAM WORLDWIDE Common Stock 98310W108 17,486 742,184 SH SOLE 683,909 58,275 ZORAN CORP Common Stock 98975F101 29,466 1,309,006 SH SOLE 1,173,206 135,800 COVIDIEN LTD Common Stock G2552X108 19,465 439,480 SH SOLE 406,544 32,936 INGERSOLL RAND CO CL A Common Stock G4776G101 17,476 376,075 SH SOLE 351,625 24,450 RENAISSANCE RE HLDGS LTD Common Stock G7496G103 2,735 45,400 SH SOLE 33,400 12,000 SEAGATE TECHNOLOGY Common Stock G7945J104 7,014 275,057 SH SOLE 247,614 27,443 TYCO INTERNATIONAL Common Stock G9143X208 16,947 427,420 SH SOLE 396,684 30,736 XL CAPITAL LTD CL A Common Stock G98255105 236 4,700 SH SOLE 2,100 2,600 ORCKIT COMMUNICATIONS Common Stock M7531S206 6,065 910,592 SH SOLE 816,392 94,200 RADWARE LTD Common Stock M81873107 9,914 643,770 SH SOLE 578,970 64,800 DANAOS CORP Common Stock Y1968P105 9,056 342,888 SH SOLE 307,388 35,500 FLEXTRONICS INTL TLD Common Stock Y2573F102 7,258 601,860 SH SOLE 559,860 42,000 PAGE COLUMN TOTALS 234,,020 AGGREGATE COLUMN TOTALS 2,254,315