13F-HR 1 slp281.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2002 Check here if Amendment [ x ]; Amendment Number: This Amendment (Check only one.): [ x ] is a restatement. [ ] adds new holdings entries. Institutional investment Manager Filing this Report: Name: Keeley Asset Management Corp. Address: 401 S. LaSalle Street Suite 1201 Chicago, IL 60605 13F File Number: 28-6810 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 form. Person Signing this Report on Behalf of Reporting Manager: Name: John L. Keeley, Jr. Title: President Phone: 312-786-5000 Signature, Place, and Date of Signing: John L. Keeley, Jr., Chicago, IL, April 30, 2002 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT List of other Managers Reporting for this Manager: None 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: 197 Form 13F Information Table Value Total: 823,175 List of Other Included Managers: None VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE AG Services Amer Inc COM 001250109 3,853 275,210 SH SOLE 169,710 105,500 Ackerley Group Inc COM 004527107 1,751 98,055 SH SOLE 98,055 Air Products COM 009158106 232 4,500 SH SOLE 4,500 Alleghany Corp COM 017175100 1,614 8,608 SH SOLE 6,054 2,554 Allegiant Bancorp Inc COM 017476102 313 18,200 SH SOLE 18,200 Allstate Corp COM 020002101 6,108 161,705 SH SOLE 72,205 89,500 American Financial Hldgs Inc COM 026075101 1,738 65,325 SH SOLE 32,325 33,000 Apache Corp COM 037411105 4,792 84,250 SH SOLE 26,400 57,850 Arch Chemicals Inc. COM 03937r102 5,293 240,035 SH SOLE 87,335 152,700 Archer Daniels Midland COM 039483102 56 4,018 SH SOLE 4,018 Avalon Holdings Corp. CL A 05343p109 659 227,365 SH SOLE 142,365 85,000 Axcelis Technologies Inc. COM 054540109 3,484 243,620 SH SOLE 202,320 41,300 Aztar COM 054802103 4,117 188,000 SH SOLE 95,500 92,500 BKF Capital Group Inc. COM 05548g102 627 21,000 SH SOLE 21,000 Bank Mutual Corp COM 063748107 187 11,000 SH SOLE 11,000 Banner Corporation COM 06652v109 219 10,000 SH SOLE 10,000 Barra Inc. COM 068313105 2,938 48,500 SH SOLE 33,500 15,000 Bemis Company Inc COM 081437105 223 4,100 SH SOLE 4,100 Berkshire Hills Bancorp Inc. COM 084680107 6,284 283,680 SH SOLE 192,980 90,700 Blackrock Inc CL A 09247x101 1,305 29,260 SH SOLE 26,060 3,200 Borg Warner Automotive Inc COM 099724106 264 4,200 SH SOLE 4,200 Boston Private Financial HldgCOM 101119105 6,831 255,380 SH SOLE 175,880 79,500 Bowne & Co Inc COM 103043105 4,834 343,560 SH SOLE 210,760 132,800 Brookline Bancorp Inc COM 113739106 5,926 347,385 SH SOLE 203,985 143,400 CFS Bancorp COM 12525d102 5,968 437,183 SH SOLE 270,319 166,864 CNA Surety Corp COM 12612L108 5,326 353,870 SH SOLE 221,070 132,800 Cuno Inc COM 126583103 2,392 64,450 SH SOLE 32,950 31,500 Canadian Pacific Limited COM 135923100 6,801 317,510 SH SOLE 164,510 153,000 Catellus Developement COM 149111106 9,213 468,370 SH SOLE 279,370 189,000 Cendant Corp. COM 151313103 6,902 359,500 SH SOLE 160,800 198,700 Central Parking Corp COM 154785109 5,464 237,655 SH SOLE 136,055 101,600 Ceres Group COM 156772105 46 10,000 SH SOLE 10,000 Ceridian Corp COM 156779100 8,335 377,990 SH SOLE 174,990 203,000 Certegy Inc COM 156880106 8,640 217,642 SH SOLE 99,102 118,540 Chemed Corp COM 163596109 8,316 222,660 SH SOLE 104,160 118,500 Chesapeake Corp COM 165159104 1,734 63,865 SH SOLE 42,065 21,800 Chesterfield Financial Corp COM 166435107 3,913 222,565 SH SOLE 199,365 23,200 Chicago Bridge & Iron CompanyCOM 167250109 8,712 293,130 SH SOLE 195,430 97,700 Choice Hotels Holding Inc COM 169905106 14,169 587,190 SH SOLE 310,890 276,300 Cincinnati Financial COM 172062101 2,732 62,585 SH SOLE 50,085 12,500 Circor Intl Inc COM 17273k109 3,146 151,620 SH SOLE 104,220 47,400 Citigroup Inc COM 172967101 307 6,200 SH SOLE 6,200 Citizens Communications COM 17453b101 10,366 964,291 SH SOLE 519,891 444,400 Citizens First Bancorp COM 17461r106 4,244 222,675 SH SOLE 137,175 85,500 Comerica COM 200340107 1,699 27,150 SH SOLE 27,150 Comstock Resources Inc. COM 205768203 2,514 329,115 SH SOLE 185,115 144,000 Connecticut Bankshares COM 207540105 687 25,000 SH SOLE 25,000 Corus Bankshares Inc COM 220873103 238 5,000 SH SOLE 5,000 Cox Communications, Inc CL A 224044107 3,278 87,100 SH SOLE 71,600 15,500 Crane Co. COM 224399105 5,634 206,060 SH SOLE 82,060 124,000 Cummins Inc. COM 231021106 260 5,500 SH SOLE 5,500 Curtiss-Wright CL B 231561408 215 3,295 SH SOLE 3,295 DTE Energy Co COM 233331107 241 5,300 SH SOLE 5,300 Delphi Corporation COM 247126105 1,823 114,035 SH SOLE 114,035 Deltic Timber Corp COM 247850100 5,435 179,660 SH SOLE 113,960 65,700 Diebold Inc COM 253651103 388 9,525 SH SOLE 9,525 Dollar Gen Corp. COM 256669102 181 11,100 SH SOLE 11,100 Dover Corp. COM 260003108 4,636 113,070 SH SOLE 49,070 64,000 Dun & Bradstreet COM 26483e100 17,563 438,959 SH SOLE 245,659 193,300 Eaton Vance Corp COM 278265103 160 4,000 SH SOLE 4,000 Edwards Lifesciences Corp. COM 28176e108 280 10,000 SH SOLE 10,000 EFunds Corp COM 28224r101 177 11,042 SH SOLE 11,042 Emcor Group Inc. COM 29084q100 5,243 90,400 SH SOLE 59,900 30,500 Encore Acquisition Co. COM 29255w100 575 39,000 SH SOLE 39,000 Energizer Holdings Inc. COM 29266r108 6,840 288,015 SH SOLE 87,115 200,900 Equifax Inc. COM 294429105 9,659 323,060 SH SOLE 149,610 173,450 Evergreen Resource Inc. COM 299900308 4,119 98,765 SH SOLE 79,215 19,550 FMC Technologies Inc. COM 30249u101 9,821 492,780 SH SOLE 304,580 188,200 Federal Agric Mtg Corp CL C 313148306 12,376 278,120 SH SOLE 201,520 76,600 Fidelity National Financial ICOM 316326107 6,991 265,115 SH SOLE 128,115 137,000 Financial Inds. Corp. COM 317574101 210 15,000 SH SOLE 15,000 First Niagara Financial COM 33582u100 4,688 268,800 SH SOLE 134,300 134,500 First Oak Brook Bancshares COM 335847208 280 9,000 SH SOLE 9,000 Fleetboston Financial Corp COM 339030108 263 7,500 SH SOLE 7,500 Florida East Coast IndustriesCL B 340632207 2,705 103,189 SH SOLE 39,189 64,000 Flowers Foods Inc COM 343498101 14,917 585,674 SH SOLE 326,474 259,200 Flowserve Corp. COM 34354p105 5,428 169,585 SH SOLE 106,585 63,000 Fording Inc COM 345426100 1,999 102,280 SH SOLE 64,280 38,000 Fortune Brands COM 349631101 7,837 158,745 SH SOLE 79,745 79,000 Furniture Brands Int'l Inc COM 360921100 5,516 151,335 SH SOLE 102,335 49,000 Gabelli Ser Fund Inc Conv SecCOM 36240b109 42 3,843 SH SOLE 3,843 Gaylord Entmt Co. COM 367905106 7,192 270,375 SH SOLE 120,375 150,000 Gencorp COM 368682100 472 30,000 SH SOLE 30,000 Getty Realty Corporation COM 374297109 1,613 85,800 SH SOLE 85,800 Gray Communications Systems ICOM 389190109 513 32,000 SH SOLE 32,000 Greenpoint Financial Corp COM 395384100 5,400 123,580 SH SOLE 63,580 60,000 Griffon Corp COM 398433102 4,147 247,580 SH SOLE 229,930 17,650 Hancock John Financial ServicCOM 41014s106 12,355 323,504 SH SOLE 176,604 146,900 Harbor FL Bancshares COM 411901101 3,235 168,650 SH SOLE 92,250 76,400 John H. Harland Co. COM 412693103 291 10,000 SH SOLE 10,000 Hartford Financial Svcs GroupCOM 416515104 6,866 100,790 SH SOLE 45,290 55,500 Hearst-Argyle Television COM 422317107 5,138 207,770 SH SOLE 88,270 119,500 Hudson City Bancorp Inc. COM 443683107 4,642 143,000 SH SOLE 91,000 52,000 Hudson River Bancorp Inc COM 444128102 4,384 181,680 SH SOLE 153,480 28,200 IHOP Corporation COM 449623107 1,298 38,500 SH SOLE 18,000 20,500 ITT Corp. COM 450911102 9,831 155,955 SH SOLE 89,455 66,500 Interactive Data Corp. COM 45840j107 5,584 318,170 SH SOLE 257,170 61,000 Interstate Bakeries COM 46072H108 9,403 388,410 SH SOLE 205,210 183,200 Investment Technology COM 46145f105 7,210 136,700 SH SOLE 82,700 54,000 Jefferies Group Inc. COM 472319102 7,969 165,325 SH SOLE 109,125 56,200 Journal Register Co COM 481138105 5,012 236,415 SH SOLE 142,415 94,000 Joy Global Inc COM 481165108 5,018 307,875 SH SOLE 213,225 94,650 Kansas City Southern Ind Inc COM 485170302 8,749 548,849 SH SOLE 377,749 171,100 KB Home COM 48666k109 8,826 203,370 SH SOLE 98,470 104,900 Key Energy Service COM 492914106 2,711 252,935 SH SOLE 169,735 83,200 Key3Media Group Inc COM 49326r104 82 17,760 SH SOLE 17,760 Lennar Corp COM 526057104 12,744 241,540 SH SOLE 134,840 106,700 Liberty Media Corp SER A 530718105 1,854 146,710 SH SOLE 116,710 30,000 Limited Inc COM 532716107 1,411 78,835 SH SOLE 78,835 London Pacific Group Ltd. ADR 542073101 64 23,000 SH SOLE 23,000 Magnum Hunter Res COM 55972f203 3,385 433,460 SH SOLE 311,960 121,500 Manitowoc Company Inc. COM 563571108 6,675 168,990 SH SOLE 104,790 64,200 Marathon Oil Corp COM 565849106 2,569 89,200 SH SOLE 62,700 26,500 Marriott Intl CL A 571903202 7,181 159,755 SH SOLE 70,255 89,500 Martin Marietta Mater COM 573284106 4,979 117,930 SH SOLE 56,430 61,500 Masco Corp. COM 574599106 5,567 202,790 SH SOLE 106,290 96,500 McDermott Int'l COM 580037109 2,600 167,185 SH SOLE 144,685 22,500 Media General Inc CL A 584404107 8,036 126,550 SH SOLE 63,050 63,500 Mellon Bank COM 58551a108 235 6,100 SH SOLE 6,100 Meredith Corp. COM 589433101 8,223 193,435 SH SOLE 99,935 93,500 Methode Electrs CL A 591520200 6,759 542,920 SH SOLE 405,420 137,500 MetLife Inc COM 59156r108 7,966 252,880 SH SOLE 101,880 151,000 Midas Inc. COM 595626102 357 25,000 SH SOLE 25,000 Mony Group Inc. COM 615337102 12,600 312,495 SH SOLE 168,195 144,300 Moody Corp COM 615369105 9,232 224,615 SH SOLE 87,615 137,000 Moog Inc. CL A 615394202 1,920 60,000 SH SOLE 32,250 27,750 Moog Inc. CL B 615394301 530 16,500 SH SOLE 16,500 Morgan Group CL A 617358106 108 55,300 SH SOLE 55,300 Nasdaq 100 Tr Ser 1 Unit UNIT SER 1 631100104 386 10,700 SH SOLE 10,700 National Semiconductor COM 637640103 337 10,000 SH SOLE 10,000 Neiman Marcus Group CL B 640204301 3,036 92,690 SH SOLE 72,690 20,000 New York Times CL A 650111107 496 10,360 SH SOLE 10,360 Nordstrom Inc. COM 655664100 213 8,700 SH SOLE 8,700 Nortek Inc COM 656559101 4,329 120,240 SH SOLE 90,540 29,700 Occidental Petroleum COM 674599105 6,237 213,965 SH SOLE 86,665 127,300 Ocean Energy Inc COM 67481e106 2,571 129,930 SH SOLE 72,430 57,500 OceanFirst Financial Corp COM 675234108 717 24,000 SH SOLE 24,000 Old Republic Intl COM 680223104 14,354 448,975 SH SOLE 232,975 216,000 Oregon Trail Financial COM 685932105 642 34,500 SH SOLE 34,500 Pico Holdings Inc. COM 693366205 2,406 161,475 SH SOLE 80,975 80,500 Patterson Dental Co. COM 703412106 271 6,200 SH SOLE 6,200 Paxson Communications Corp COM 704231109 4,680 427,045 SH SOLE 259,545 167,500 Pepsi Bottling Group Inc. COM 713409100 7,927 306,420 SH SOLE 125,570 180,850 PepsiAmericas Inc COM 71343p200 1,761 122,100 SH SOLE 94,100 28,000 Pepsico Inc COM 713448108 6,816 132,350 SH SOLE 54,850 77,500 Phoenix Cos Inc COM 71902e109 1,654 86,140 SH SOLE 50,140 36,000 Prima Energy Corp. COM 741901201 510 20,500 SH SOLE 20,500 Principal Financial Group IncCOM 74251v102 6,246 246,891 SH SOLE 119,891 127,000 Providence & Worcester RR COM 743737108 2,049 257,405 SH SOLE 176,205 81,200 Provident Finl Holding Inc COM 743868101 829 28,000 SH SOLE 28,000 Prudential Financial Inc. COM 744320102 6,358 204,770 SH SOLE 113,270 91,500 Pulitzer Pubg Co COM 745769109 5,477 102,365 SH SOLE 63,365 39,000 Pure Resources Inc COM 74622e102 6,224 275,628 SH SOLE 176,028 99,600 RH Donnelly Corp. COM 74955w307 7,134 234,425 SH SOLE 149,925 84,500 Ralcorp Holdings Inc COM 751028101 8,147 299,540 SH SOLE 210,540 89,000 Regal Beloit Corp. COM 758750103 2,277 89,100 SH SOLE 59,700 29,400 Regional Bk Holders Trust DEPOSITORY RECE75902e100 303 2,500 SH SOLE 2,500 Rockwell Automation Corp. COM 773903109 7,631 380,415 SH SOLE 194,915 185,500 Roslyn Bancorp COM 778162107 4,695 226,800 SH SOLE 226,800 Ryder Systems COM 783549108 4,653 157,500 SH SOLE 60,000 97,500 SPDR Trust Ser 1 Unit UNIT SER 1 78462f103 687 6,000 SH SOLE 6,000 SPX Corp COM 784635104 230 1,621 SH SOLE 1,621 St. Joe Corp. COM 790148100 7,674 255,790 SH SOLE 140,690 115,100 Sara Lee Corp COM 803111103 6,179 297,645 SH SOLE 133,645 164,000 Sauer Danfoss Inc. COM 804137107 1,115 108,100 SH SOLE 67,100 41,000 Schlumberger Ltd. COM 806857108 218 3,700 SH SOLE 3,700 Schwab Corp COM 808513105 217 16,600 SH SOLE 16,600 ShopKo COM 824911101 5,658 312,585 SH SOLE 202,785 109,800 Soverign Bancorp Inc. COM 845905108 239 17,000 SH SOLE 17,000 Stancorp Financial Corp COM 852891100 6,383 116,050 SH SOLE 79,050 37,000 Steak N Shake COM 857873103 2,718 193,475 SH SOLE 68,975 124,500 Sybron Dental Specialties IncCOM 871142105 10,889 541,720 SH SOLE 310,120 231,600 Tasty Baking COM 876553306 5,039 278,425 SH SOLE 166,365 112,060 Teleflex Inc. COM 879369106 208 3,800 SH SOLE 3,800 Textron COM 883203101 8,105 158,615 SH SOLE 72,115 86,500 Thomas & Betts Corp. COM 884315102 3,200 151,230 SH SOLE 72,330 78,900 Thomas Indust COM 884425109 3,686 126,000 SH SOLE 126,000 Timken Co. COM 887389104 4,449 192,690 SH SOLE 136,390 56,300 Tricon Global Restaurants IncCOM 895953107 940 16,000 SH SOLE 16,000 Tyco Intl Inc. COM 902124106 291 9,000 SH SOLE 9,000 Tyler Corp COM 902252105 906 157,845 SH SOLE 157,845 Union Pacific Corp COM 907818108 5,517 88,790 SH SOLE 44,290 44,500 Unionbancal Corp COM 908906100 308 7,000 SH SOLE 7,000 United Financial Corp COM 909919102 305 15,000 SH SOLE 15,000 Unitrin Inc COM 913275103 12,388 308,160 SH SOLE 173,360 134,800 Viacom Inc CL B 925524308 7,449 153,997 SH SOLE 77,497 76,500 Viad Corp COM 92552R109 1,616 57,700 SH SOLE 57,700 Wabtec COM 929740108 2,617 174,550 SH SOLE 166,150 8,400 Waddell & Reed Fin CL A 930059100 11,823 387,885 SH SOLE 214,585 173,300 Wal Mart Stores COM 931142103 380 6,200 SH SOLE 6,200 Walter Industries COM 93317Q105 7,218 548,100 SH SOLE 262,600 285,500 Water Pik Technologies Inc. COM 94113u100 3,325 327,545 SH SOLE 236,045 91,500 Watts Industries Inc. CL A 942749102 1,064 63,320 SH SOLE 56,520 6,800 Waypoint Financial COM 945756103 2,851 172,350 SH SOLE 130,350 42,000 Willbros Group Inc COM 969199108 7,564 453,190 SH SOLE 293,190 160,000 Zale Corp COM 988858106 7,259 178,805 SH SOLE 87,305 91,500 WP Stewart & Co. Ltd. COM g84922106 2,870 96,646 SH SOLE 35,696 60,950