13F-HR/A 1 form13f93002.txt Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: September 30, 2002 Check here if Amendment [x]; Amendment Number: 27 This Amendment (Check only one): [x] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Corbyn Investment Management, Inc. Address: Suite 108 2330 W. Joppa Rd. Lutherville, MD 21093 13F File Number: 28-4242 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 submission. Person Signing this Report on Behalf of Reporting Manager: Name: Karla K. Moore Title: Corporate Secretary Phone: 410-832-5500 Signature, Place and Date of Signing: Karla K. Moore Lutherville, MD October 24, 2002 Report Type (Check only one): [X] 13F Holdings Report. [ ] 13F Notice. [ ] 13F Combination Report. List of Other Managers Reporting for this Manager: 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: 52 Form 13F Information Table Value Total: $126,719 List of Other Included Managers: NONE Name of Issuer Title of Class CUSIP Value Shrs or SH/PRN Put/ Investment Other Voting Authority Prn Amt Call Discretion Managers Sole Shared None Alfa Corp. Com 015385107 211 17,200 SH SOLE 17,200 Baker Michael Corp Com 057149106 2,972 288,587 SH SOLE 288,587 Bostonfed Bancorp Com 101178101 700 23,331 SH SOLE 23,331 Burlington Res Inc. Com 122014103 1,135 29,580 SH SOLE 29,580 Calpine Corp Com 131347106 198 80,100 SH SOLE 80,100 Center Tr Inc Com 151845104 315 54,300 SH SOLE 54,300 Chesapeake Utilities Com 165303108 194 10,275 SH SOLE 10,275 CIT Group Com 125581108 1,432 79,625 SH SOLE 79,625 Columbia Bankcorp Com 197227101 226 12,000 SH SOLE 12,000 Dole Food Co. Com 256605106 508 17,500 SH SOLE 17,500 EOG Res Inc. Com 26875P101 1,673 46,534 SH SOLE 46,534 El Paso Energy Com 28336L109 168 20,300 SH SOLE 20,300 Emerson Elec Co. Com 291011104 1,623 36,940 SH SOLE 36,940 Griffon Corp. Com 398433102 1,005 94,400 SH SOLE 94,400 Insituform Tech CLA 457667103 2,599 181,100 SH SOLE 181,100 John Hancock Bk SHBENINT 409735107 2,236 294,225 SH SOLE 294,225 Middleby Com 596278101 5,244 568,775 SH SOLE 568,775 NUI Com 629431107 5,092 235,737 SH SOLE 235,737 Nabi Biopharmac Com 629519109 4,307 794,700 SH SOLE 794,700 NiSource Inc. Com 65473P105 2,990 173,550 SH SOLE 173,550 PartnerRe Holdings Com G6852T105 5,932 123,124 SH SOLE 123,124 PFF Bancorp Com 69331W104 1,142 41,200 SH SOLE 41,200 PPL Corporation Com 69351T106 6,798 208,925 SH SOLE 208,925 Pentair Com 709631105 372 10,000 SH SOLE 10,000 Provident Bankshares Com 743859100 214 10,000 SH SOLE 10,000 Quanta Svcs Com 74762E102 66 31,900 SH SOLE 31,900 Southern Finl Bancorp Com 842870107 637 22,000 SH SOLE 22,000 SunTrust Bks Com 867914103 2,889 46,995 SH SOLE 46,995 Tredegar Corp. Com 894650100 479 28,600 SH SOLE 28,600 UnumProvident Corp Com 91529Y106 3,108 152,750 SH SOLE 152,750 Urstadt Biddle Pptys CLA 917286205 889 75,000 SH SOLE 75,000 Vishay InterTech Com 928298108 123 14,000 SH SOLE 14,000 Washington Mutual Com 939322103 3,295 104,700 SH SOLE 104,700 Waste Industries Com 941057101 726 126,300 SH SOLE 126,300 Adaptec Note 4.75 2/0 00651FAC2 3,396 3,519,000 PRN SOLE 3,519,000 Arbor Software Note 4.5 3/1 038918AC2 6,704 7,233,000 PRN SOLE 7,233,000 Avaya Note 10/3 053499AA7 862 3,979,000 PRN SOLE 3,979,000 Calpine Note 4.0 12/2 131347BA3 855 2,000,000 PRN SOLE 2,000,000 Charter Comm Note 4.75 6/0 16117MAC1 3,964 10,030,000 PRN SOLE 10,030,000 Ciena Corp. Note 3.75 2/0 171779AA9 4,097 7,139,000 PRN SOLE 7,139,000 Citrix Systems SDCV 3/2 177376AB6 1,604 4,000,000 PRN SOLE 4,000,000 Corning DBCV 11/0 219350AJ4 2,396 5,516,000 PRN SOLE 5,516,000 Curagen Corp SDCV 6.0 2/0 23126RAC5 5,811 8,800,000 PRN SOLE 8,800,000 Healthsouth SDCV 3.25 4/0 421924AF8 2,396 2,545,000 PRN SOLE 2,545,000 Mail Well Note 5.0 11/0 560321AD3 669 685,000 PRN SOLE 685,000 Networks Assocs SDCV 2/1 640938AB2 3,638 7,565,000 PRN SOLE 7,565,000 ONI Systems Note 5.0 10/1 68273FAA1 4,256 5,657,000 PRN SOLE 5,657,000 Quanta Svcs Note 4.0 7/0 74762EAA0 3,929 8,185,000 PRN SOLE 8,185,000 Sepracor SDCV 7.0 12/1 817315AH7 7,162 10,661,000 PRN SOLE 10,661,000 Shaw Group Note 5/0 820280AC9 7,049 14,000,000 PRN SOLE 14,000,000 TranSwitch Note 4.5 9/1 894065AB7 4,685 8,058,000 PRN SOLE 8,058,000 Tyco International DBCV 2/1 902118AW8 1,748 3,000,000 PRN SOLE 3,000,000