13F-HR 1 form13f093012.txt 13F093012 Form 13F Form 13F Cover Page Report for the Calendar Year or Quarter Ended: September 30, 2012 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 10/04/12 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: 60 Form 13F Information Table Value Total: $609,774 List of Other Included Managers: NONE Voting Authority ---------------- Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole ------------------------------ ---------------- --------- -------- ------------- --- ---- ------- ------------ -------- American National Bankshares I COM 027745108 1696 75069 SH Defined 75069 Assurant, Inc. (AIZ) COM 04621x108 22857 612790 SH Defined 612790 BCSB Bancorp. (BCSB) COM 055367106 1898 138524 SH Defined 138524 BioScrip, Inc. (BIOS) COM 09069n108 14311 1570894 SH Defined 1570894 CA, Inc. (CA) COM 12673p105 16822 652896 SH Defined 652896 Cardinal Financial Corp. (CFNL COM 14149f109 2609 182416 SH Defined 182416 Chicopee Bancorp Inc. (CBNK) COM 168565109 945 65389 SH Defined 65389 Cisco Systems Inc. (CSCO) COM 17275r102 26222 1373214 SH Defined 1373214 ConocoPhillips (COP) COM 20825c104 624 10911 SH Defined 10911 EMCOR Group Inc. (EME) COM 29084q100 16166 566427 SH Defined 566427 EOG Resources Inc. (EOG) COM 26875p101 10574 94369 SH Defined 94369 ESSA Bancorp Inc. (ESSA) COM 29667d104 2900 279112 SH Defined 279112 Emerson Electric (EMR) COM 291011104 1479 30637 SH Defined 30637 Energen Corporation (EGN) COM 29265n108 12465 237841 SH Defined 237841 FTI Consulting (FCN) COM 302941109 25579 958726 SH Defined 958726 First Connecticut Bancorp (FB COM 319850103 642 47542 SH Defined 47542 GMX Resources (GMXR) COM 38011m108 1047 1309166 SH Defined 1309166 GSI Group Inc. (GSIG) COM 36191c205 5476 614576 SH Defined 614576 Harmonic Inc. (HLIT) COM 413160102 20383 4489601 SH Defined 4489601 Heritage Financial Group Inc. COM 42726x102 699 53165 SH Defined 53165 Lumos Networks Corp (LMOS) COM 550283105 3630 461830 SH Defined 461830 MYR Group Inc. (MYRG) COM 55405w104 2816 141150 SH Defined 141150 MasTec, Inc. (MTZ) COM 576323109 12732 646308 SH Defined 646308 Michael Baker Corp. (BKR) COM 057149106 21423 897873 SH Defined 897873 Middleburg Financial Corp. (MB COM 596094102 762 42897 SH Defined 42897 NGP Capital Resources (NGPC) COM 62912R107 1803 241648 SH Defined 241648 NTELOS Holdings Corp. (NTLS) COM 67020q305 10284 592059 SH Defined 592059 Newpark Resources Inc. (NR) COM 651718504 2774 374364 SH Defined 374364 ON Semiconductor Corp. (ONNN) COM 682189105 12770 2068053 SH Defined 2068053 OceanFirst Financial (OCFC) COM 675234108 963 65657 SH Defined 65657 OmniAmerican Bancorp Inc. (OA COM 68216r107 3132 137797 SH Defined 137797 PPL Corporation (PPL) COM 69351t106 20831 717061 SH Defined 717061 PartnerRe Ltd. (PRE) COM G6852T105 34402 463143 SH Defined 463143 Pentair Ltd. (PNR) COM h6169q108 890 20000 SH Defined 20000 Phillips 66 (PSX) COM 718546104 253 5452 SH Defined 5452 Republic Services (RSG) COM 760759100 27764 1009225 SH Defined 1009225 Rosetta Resources, Inc. (ROSE) COM 777779307 20421 426419 SH Defined 426419 Rudolph Technologies (RTEC) COM 781270103 358 34093 SH Defined 34093 Rush Enterprises Inc. Cl A (RU COM 781846209 8309 431407 SH Defined 431407 Rush Enterprises Inc. Cl B (RU COM 781846308 4969 295798 SH Defined 295798 Shore Bancshares Inc. (SHBI) COM 825107105 621 103203 SH Defined 103203 Southern National Bancorp of V COM 843395104 5344 668039 SH Defined 668039 Suncor Energy Inc. (SU) COM 867224107 15094 459468 SH Defined 459468 Westfield Financial Inc. (WFD) COM 96008p104 528 70439 SH Defined 70439 j2 Global, Inc. (JCOM) COM 48123v102 28393 865118 SH Defined 865118 Alcatel-Lucent USA Inc. CONV 549463AH0 42109 42968000 PRN Defined 42968000 Bill Barrett Corp. CONV 06846NAA2 4023 4020000 PRN Defined 4020000 Cogent Communications Group CONV 19239VAB0 2828 2957000 PRN Defined 2957000 Digital River Inc. CONV 25388BAC8 5678 5946000 PRN Defined 5946000 Electronic Data Systems CONV 285661AF1 247 247000 PRN Defined 247000 Euronet Worldwide Inc. CONV 298736AF6 9417 9452000 PRN Defined 9452000 GreatBatch Inc. CONV 39153LAB2 2991 3000000 PRN Defined 3000000 Greenbrier Cos Inc. CONV 393657AD3 5774 5854000 PRN Defined 5854000 Hologic Inc. CONV 436440AA9 16796 16934000 PRN Defined 16934000 Live Nation Inc. CONV 538034AB5 20471 20862000 PRN Defined 20862000 Nash Finch Co. CONV 631158AD4 3880 8366000 PRN Defined 8366000 Radioshack Corp. 144A CONV 750438AC7 19826 21550000 PRN Defined 21550000 Rambus Inc. CONV 750917AC0 24316 24255000 PRN Defined 24255000 Sandisk Corp. CONV 80004CAC5 9476 9590000 PRN Defined 9590000 School Specialty Inc. CONV 807863AM7 15286 23182000 PRN Defined 23182000