UNITED STATES
SECURITIES AND EXCHANGE COMISSION
WASHINGTON, D.C. 20549
FORM 13F
FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2011
Check here if Amendment []; Amendment Number:

This Amendment:		[] is a restatement
			[] adds new holdings entries

Institutional Money Manager Filing the Report:
			Name:		Lapides Asset Management, LLC
			Address:	500 West Putnam Avenue
					4th Floor
					Greenwich, CT 06830
			13F File Number:028-12084

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:			Anne Selkovits
Title:			Compliance Associate
Phone:			203-422-7202
Signature,		Place,			and Date of Signing,
Anne Selkovits		Greenwich, CT		May 9, 2011
Report Type:		[X]	13F HOLDINGS REPORT
			[]	13F NOTICE
			[]	13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:


FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:	0
Form 13F Information Table Entry Total:	89
Form 13F Information Table Value Total:	$495,277

List of Other Included Managers:	0

No. 13F File Number	Name


					
FORM 13F INFORMATION TABLE

			Value	Shares/	Sh/	Put/	Invstmt	Other	Voting
Name of Issuer	Title of class	CUSIP	(x$1000)	Prn Amt	Prn	Call	Dscretn	Managers	Sole	Shared	None
-------------------------	--------------	---------	--------	-------	---	----	-------	----------	------	------	-------
Aarons Inc	COM	002535300	19347	762900	SH		Sole		701750	0	61150
ABM Industries Inc	COM	000957100	1437	56600	SH		Sole		56600	0	0
Acco Brands Corp	COM	00081t108	1422	149100	SH		Sole		99700	0	49400
Accuray Inc	COM	004397105	5703	632300	SH		Sole		458500	0	173800
Acxiom Corp	COM	005125109	4184	291600	SH		Sole		211800	0	79800
AFC Enterprises Inc	COM	00104q107	1005	66400	SH		Sole		23800	0	42600
Affiliated Managers Group	COM	008252108	1487	13600	SH		Sole		13600	0	0
Albany Intl Corp Cl A	COM	012348108	3436	138000	SH		Sole		96500	0	41500
Alliance Data Systems Corp	COM	018581108	1237	14400	SH		Sole		14400	0	0
Amdocs Ltd	COM	g02602103	17691	613200	SH		Sole		613200	0	0
American Software Inc Cl A	COM	029683109	3325	450500	SH		Sole		257400	0	193100
AngioDynamics Inc	COM	03475v101	2313	153000	SH		Sole		112400	0	40600
AptarGroup Inc	COM	038336103	1724	34400	SH		Sole		34400	0	0
Avery Dennison Corp	COM	053611109	1007	24000	SH		Sole		24000	0	0
Avnet Inc	COM	053807103	12678	371900	SH		Sole		371900	0	0
Avon Products Inc	COM	054303102	533	19700	SH		Sole		19700	0	0
Ball Corp	COM	058498106	9185	256200	SH		Sole		256200	0	0
Bally Technologies Inc	COM	05874b107	1045	27600	SH		Sole		27600	0	0
Beckman Coulter Inc	COM	075811109	10965	132000	SH		Sole		132000	0	0
Belden Inc	COM	077454106	3237	86200	SH		Sole		57100	0	29100
Brady Corp Cl A	COM	104674106	2670	74800	SH		Sole		45100	0	29700
Bridgepoint Education Inc	COM	10807m105	5922	346300	SH		Sole		250500	0	95800
Broadridge Financial Solutions	COM	11133t103	17185	757400	SH		Sole		757400	0	0
Cabot Microelectronics Corp	COM	12709p103	4473	85600	SH		Sole		62300	0	23300
Checkpoint Systems Inc	COM	162825103	14491	644600	SH		Sole		577400	0	67200
Ciber Inc	COM	17163b102	3667	547300	SH		Sole		388900	0	158400
Cintas Corp	COM	172908105	560	18500	SH		Sole		18500	0	0
Cognex Corp	COM	192422103	873	30900	SH		Sole		9500	0	21400
Collectors Universe Inc	COM	19421r200	765	54134	SH		Sole		19442	0	34692
Comtech Telecommunications Cor	COM	205826209	2281	83800	SH		Sole		62000	0	21800
Consolidated Graphics Inc	COM	209341106	6184	113200	SH		Sole		75600	0	37600
Costar Group Inc	COM	22160n109	15332	244600	SH		Sole		222300	0	22300
Crown Holdings Inc	COM	228368106	552	14300	SH		Sole		14300	0	0
CSG Systems Intl Inc	COM	126349109	2367	118700	SH		Sole		84400	0	34300
CSS Industries Inc	COM	125906107	236	12500	SH		Sole		4000	0	8500
Diebold Inc	COM	253651103	6142	173200	SH		Sole		173200	0	0
Electro Rent Corp	COM	285218103	3683	214400	SH		Sole		145200	0	69200
FMC Corp	COM	302491303	1138	13400	SH		Sole		13400	0	0
Foot Locker Inc	COM	344849104	1390	70500	SH		Sole		70500	0	0
Gerber Scientific Inc	COM	373730100	2570	274600	SH		Sole		163900	0	110700
Gildan Activewear Inc	COM	375916103	8573	261600	SH		Sole		261600	0	0
Hain Celestial Group Inc	COM	405217100	3147	97500	SH		Sole		72200	0	25300
Harman Intl Industries Inc	COM	413086109	20774	443700	SH		Sole		411400	0	32300
Harsco Corp	COM	415864107	1577	44700	SH		Sole		44700	0	0
Henry Schein Inc	COM	806407102	1424	20300	SH		Sole		20300	0	0
Hill International Inc	COM	431466101	2165	409300	SH		Sole		207300	0	202000
Huron Consulting Group Inc	COM	447462102	2534	91500	SH		Sole		61500	0	30000
Iconix Brand Group Inc	COM	451055107	1815	84500	SH		Sole		30200	0	54300
Insperity Inc	COM	45778q107	15798	520000	SH		Sole		475200	0	44800
Intermec Inc	COM	458786100	2626	243400	SH		Sole		180000	0	63400
ITT Educational Services Inc	COM	45068b109	16602	230100	SH		Sole		230100	0	0
JDA Software Group Inc	COM	46612k108	5078	167800	SH		Sole		120600	0	47200
Kid Brands Inc	COM	49375t100	3451	469500	SH		Sole		240300	0	229200
Learning Tree Intl Inc	COM	522015106	8757	996300	SH		Sole		888800	0	107500
Lincoln Educational Services C	COM	533535100	1606	101100	SH		Sole		36100	0	65000
Maidenform Brands Inc	COM	560305104	4480	156800	SH		Sole		109600	0	47200
McGrath RentCorp	COM	580589109	2713	99500	SH		Sole		64000	0	35500
Measurement Specialties Inc	COM	583421102	3916	115100	SH		Sole		40700	0	74400
Minerals Technologies Inc	COM	603158106	959	14000	SH		Sole		14000	0	0
Mobile Mini Inc	COM	60740f105	22980	956720	SH		Sole		869120	0	87600
Molex Inc	COM	608554101	16735	666200	SH		Sole		666200	0	0
Monster Worldwide Inc	COM	611742107	17438	1096700	SH		Sole		983600	0	113100
Nautilus Inc	COM	63910b102	672	232400	SH		Sole		76400	0	156000
NCR Corp	COM	62886e108	3962	210280	SH		Sole		210280	0	0
NeuStar Inc Cl A	COM	64126x201	18860	737300	SH		Sole		737300	0	0
Nutri Systems Inc	COM	67069d108	2294	158300	SH		Sole		113700	0	44600
Old Dominion Freight Lines Inc	COM	679580100	6730	191800	SH		Sole		147050	0	44750
Parexel Intl Corp	COM	699462107	4248	170600	SH		Sole		122500	0	48100
Patterson Companies Inc	COM	703395103	541	16800	SH		Sole		16800	0	0
Plantronics Inc	COM	727493108	3918	107000	SH		Sole		78500	0	28500
Regis Corp Minn	COM	758932107	802	45200	SH		Sole		16200	0	29000
Richardson Electronics Ltd	COM	763165107	1161	88100	SH		Sole		31500	0	56600
Rimage Corp	COM	766721104	3453	213800	SH		Sole		125200	0	88600
Rock-Tenn Co Cl A	COM	772739207	9029	130200	SH		Sole		130200	0	0
Sally Beauty Holdings Inc	COM	79546e104	1643	117300	SH		Sole		46100	0	71200
SEI Investments Co	COM	784117103	13495	565100	SH		Sole		565100	0	0
Solera Holdings Inc	COM	83421a104	1415	27700	SH		Sole		27700	0	0
SonoSite Inc	COM	83568g104	5085	152600	SH		Sole		112900	0	39700
Standard Parking Corp	COM	853790103	2840	159926	SH		Sole		110226	0	49700
Summer Infant Inc	COM	865646103	640	80000	SH		Sole		80000	0	0
Tempur-Pedic Intl Inc	COM	88023u101	1611	31800	SH		Sole		31800	0	0
Tetra Tech Inc	COM	88162g103	2257	91400	SH		Sole		91400	0	0
Transcend Services Inc	COM	893929208	1941	80900	SH		Sole		28900	0	52000
Trex Co Inc	COM	89531p105	3865	118500	SH		Sole		73300	0	45200
United Stationers Inc	COM	913004107	2323	32700	SH		Sole		32700	0	0
Varian Med Systems Inc	COM	92220p105	575	8500	SH		Sole		8500	0	0
Weight Watchers Intl Inc	COM	948626106	18808	268300	SH		Sole		268300	0	0
Western Union Co	COM	959802109	10495	505300	SH		Sole		505300	0	0
Zebra Technologies Corp Cl A	COM	989207105	12023	306400	SH		Sole		306400	0	0