13F-HR 1 form13f063010.txt Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: June 30, 2010 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: 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, CCO Phone: 410-832-5500 Signature, Place and Date of Signing: Karla K. Moore Lutherville, MD 07/22/10 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: 58 Form 13F Information Table Value Total: $525,306 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 American National Bankshares I COM 027745108 1387 64858 SH Defined 64858 Assurant, Inc. (AIZ) COM 04621x108 25198 726178 SH Defined 726178 Atlas Energy Inc. (ATLS) COM 049298102 465 17193 SH Defined 17193 BCSB Bancorp. (BCSB) COM 055367106 1370 138424 SH Defined 138424 Cardinal Financial Corp. (CFNL COM 14149f109 5031 544427 SH Defined 544427 Carpenter Technology Corp. (CR COM 144285103 12264 373552 SH Defined 373552 Cogent Inc. (COGT) COM 19239y108 16209 799008 SH Defined 1799008 ConocoPhillips (COP) COM 20825c104 1394 28403 SH Defined 28403 EMCOR Group Inc. (EME) COM 29084q100 12967 59655 SH Defined 559655 EOG Resources Inc. (EOG) COM 26875p101 6236 63395 SH Defined 63395 Emerson Electric (EMR) COM 291011104 2812 64368 SH Defined 64368 Energen Corporation (EGN) COM 29265n108 6900 55645 SH Defined 155645 FTI Consulting (FCN) COM 302941109 33782 74995 SH Defined 774995 First Potomac Realty Trust (FP COM 33610f109 186 12950 SH Defined 12950 Harmonic Inc. (HLIT) COM 413160102 11762 2162200 SH Defined 2162200 John Hancock Bank Fund (BTO) COM 409735206 188 13118 SH Defined 13118 MasTec, Inc. (MTZ) COM 576323109 5510 586168 SH Defined 586168 Michael Baker Corp. (BKR) COM 057149106 24647 706208 SH Defined 706208 Middleburg Financial Corp. (MB COM 596094102 904 65000 SH Defined 65000 NGP Capital Resources (NGPC) COM 62912R107 3978 554839 SH Defined 554839 NTELOS Holdings Corp. (NTLS) COM 67020q107 3628 210949 SH Defined 210949 Nustar Energy LP (NS) COM 67058h102 295 5147 SH Defined 5147 OceanFirst Financial (OCFC) COM 675234108 850 70394 SH Defined 70394 PPL Corporation (PPL) COM 69351t106 25218 1010734 SH Defined 1010734 PartnerRe Ltd. (PRE) COM G6852T105 25443 362742 SH Defined 362742 Pentair Inc. (PNR) COM 709631105 644 20000 SH Defined 20000 Prestige Brands Holdings (PBH) COM 74112d101 11346 1602590 SH Defined 1602590 Procter & Gamble (PG) COM 742718109 211 3526 SH Defined 3526 Ralcorp Holdings Inc. (RAH) COM 751028101 19304 352270 SH Defined 352270 Republic Services (RSG) COM 760759100 24102 810686 SH Defined 810686 Rosetta Resources, Inc. (ROSE) COM 777779307 10002 504921 SH Defined 504921 Rudolph Technologies (RTEC) COM 781270103 257 34093 SH Defined 34093 Rush Enterprises Inc. Cl A (RU COM 781846209 7485 560222 SH Defined 560222 Rush Enterprises Inc. Cl B (RU COM 781846308 3446 295798 SH Defined 295798 Southern National Bancorp of V COM 843395104 1461 199862 SH Defined 199862 SunTrust Banks (STI) COM 867914103 970 41629 SH Defined 41629 Suncor Energy Inc. (SU) COM 867224107 10624 360875 SH Defined 360875 Tessera Technologies (TSRA) COM 88164l100 4330 269780 SH Defined 269780 United America Indemnity (INDM COM 90933t109 10169 1381629 SH Defined 1381629 Urstadt Biddle Properties Cl A COM 917286205 444 27500 SH Defined 27500 Verizon Communications (VZ) COM 92343v104 20682 738100 SH Defined 738100 W. R. Berkley Corp. (WRB) COM 084423102 9973 376905 SH Defined 376905 j2 Global Communications (JCOM COM 46626e205 22890 1048097 SH Defined 1048097 ADC Telecommunications CONV 000886AB7 6547 7461000 PRN Defined 7461000 Advanced Micro Devices CONV 007903AN7 6149 6266000 PRN Defined 6266000 Dollar Financial Corp. CONV 256664AB9 3675 4200000 PRN Defined 4200000 Griffon Corporation CONV 398433AC6 10761 0761000 PRN Defined 10761000 Hologic Inc. CONV 436440AA9 14945 17557000 PRN Defined 17557000 Level 3 Communications CONV 52729NBA7 6983 7009000 PRN Defined 7009000 Lifetime Brands Inc. CONV 53222QAB9 482 500000 PRN Defined 500000 MasTec, Inc. CONV 576323AG4 1805 2000000 PRN Defined 2000000 Mentor Graphics CONV 587200AD8 744 769000 PRN Defined 769000 Par Pharmaceutical Cos CONV 717125AC2 12187 12279000 PRN Defined 12279000 Sandisk Corp. CONV 80004CAC5 6666 7500000 PRN Defined 7500000 School Specialty Inc. CONV 807863AE5 23011 23127000 PRN Defined 23127000 School Specialty Inc. CONV 807863AL9 15220 16000000 PRN Defined 16000000 SunPower Corp. CONV 867652AB5 28069 28246000 PRN Defined 28246000 Transocean Inc. CONV 893830AU3 1095 1130000 PRN Defined 1130000