13F-HR 1 slp409.txt 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: September 30, 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, October 31, 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: 189 Form 13F Information Table Value Total: 605,239 List of Other Included Managers: None
VALUE SHARES/ SH/ PUINVSTMT OTHER VOTING AUTHORITY AG Services Amer Inc COM 001250109 2,819 233,926 SH SOLE 174,050.00 59,876.00 Alleghany Corp COM 017175100 1,289 6,800 SH SOLE 6,800.00 Allegiant Bancorp Inc COM 017476102 223 13,700 SH SOLE 13,700.00 Allstate Corp COM 020002101 5,687 159,960 SH SOLE 71,860.00 88,100.00 American Financial Hldgs Inc COM 026075101 912 30,000 SH SOLE 30,000.00 Ametek COM 031100100 1,433 49,200 SH SOLE 26,200.00 23,000.00 Apache Corp COM 037411105 4,949 83,250 SH SOLE 26,400.00 56,850.00 Arch Chemicals Inc. COM 03937r102 4,339 244,873 SH SOLE 120,360.00 124,513.00 Axcelis Technologies Inc. COM 054540109 1,074 220,095 SH SOLE 178,795.00 41,300.00 Aztar COM 054802103 2,200 166,575 SH SOLE 113,600.00 52,975.00 Bank Mutual Corp COM 063748107 223 11,000 SH SOLE 11,000.00 Bemis Company Inc COM 081437105 203 4,100 SH SOLE 4,100.00 Berkshire Hills Bancorp Inc. COM 084680107 5,961 253,675 SH SOLE 204,260.00 49,415.00 BKF Capital Group Inc. COM 05548g102 474 22,500 SH SOLE 22,500.00 Blackrock Inc CL A 09247x101 1,386 33,460 SH SOLE 30,260.00 3,200.00 Borg Warner Automotive Inc COM 099724106 213 4,300 SH SOLE 4,300.00 Boston Private Financial Hldgs COM 101119105 4,436 208,280 SH SOLE 156,280.00 52,000.00 Bowne & Co Inc COM 103043105 3,443 344,342 SH SOLE 248,649.00 95,693.00 Catellus Developement COM 149111106 9,516 515,783 SH SOLE 331,183.00 184,600.00 Cendant Corp. COM 151313103 3,437 319,455 SH SOLE 128,355.00 191,100.00 Central Parking Corp COM 154785109 4,631 229,948 SH SOLE 164,813.00 65,135.00 Ceridian Corp COM 156779100 4,331 303,960 SH SOLE 137,060.00 166,900.00 Certegy Inc COM 156880106 1,919 95,453 SH SOLE 80,453.00 15,000.00 CFS Bancorp COM 12525d102 5,770 409,232 SH SOLE 310,053.00 99,179.00 Charter Financial Corp. COM 16122M100 263 9,365 SH SOLE 9,365.00 Charter One Financial Inc COM 160903100 234 7,875 SH SOLE 7,875.00 Chemed Corp COM 163596109 6,308 205,007 SH SOLE 106,627.00 98,380.00 Chesterfield Financial Corp COM 166435107 4,737 260,120 SH SOLE 236,655.00 23,465.00 Chicago Bridge & Iron Company NY REGIS167250109 6,441 268,373 SH SOLE 212,488.00 55,885.00 Chiquita Brands Int'l Inc. COM 170032809 4,725 305,830 SH SOLE 239,162.00 66,668.00 Chiquita Brands Intl *W EXP 0170032114 142 31,500 SH SOLE 31,500.00 Choice Hotels Holding Inc COM 169905106 13,009 562,934 SH SOLE 338,234.00 224,700.00 Cincinnati Financial COM 172062101 2,409 67,705 SH SOLE 52,355.00 15,350.00 Circor Intl Inc COM 17273k109 2,247 167,690 SH SOLE 140,545.00 27,145.00 Citigroup Inc COM 172967101 228 7,700 SH SOLE 7,700.00 Citizens Communications COM 17453b101 4,969 732,914 SH SOLE 416,119.00 316,795.00 Citizens First Bancorp COM 17461r106 3,999 222,517 SH SOLE 154,737.00 67,780.00 Clarcor Inc. COM 179895107 2,327 75,800 SH SOLE 50,300.00 25,500.00 CNA Surety Corp COM 12612L108 4,672 353,977 SH SOLE 267,462.00 86,515.00 Comerica COM 200340107 1,314 27,250 SH SOLE 27,250.00 Commercial Metals Co COM 201723103 4,442 247,865 SH SOLE 189,815.00 58,050.00 Comstock Resources Inc. COM 205768203 2,607 377,770 SH SOLE 256,900.00 120,870.00 Connecticut Bankshares COM 207540105 926 25,000 SH SOLE 25,000.00 Corus Bankshares Inc COM 220873103 219 5,000 SH SOLE 5,000.00 Cox Communications, Inc. CL A 224044107 861 35,000 SH SOLE 35,000.00 Crane Co. COM 224399105 4,662 235,914 SH SOLE 131,314.00 104,600.00 Cuno Inc COM 126583103 710 23,000 SH SOLE 23,000.00 Darden Restaurants COM 237194105 223 9,200 SH SOLE 9,200.00 Del Monte Foods Co. COM 24522P103 1,906 233,254 SH SOLE 158,274.00 74,980.00 Delphi Corporation COM 247126105 917 107,260 SH SOLE 107,260.00 Deltic Timber Corp COM 247850100 3,680 167,433 SH SOLE 130,583.00 36,850.00 Dial Corp. COM 25247D101 1,555 72,440 SH SOLE 49,913.00 22,527.00 Dollar Gen Corp. COM 256669102 149 11,100 SH SOLE 11,100.00 Dollar Thrifty Auto G COM 256743105 822 51,200 SH SOLE 51,200.00 Dover Corp. COM 260003108 1,369 53,935 SH SOLE 44,435.00 9,500.00 Dover Downs Gaming & Entertain COM 260095104 2,853 350,472 SH SOLE 274,137.00 76,335.00 Dover Motorsports COM 260174107 2,385 596,360 SH SOLE 462,525.00 133,835.00 Dun & Bradstreet COM 26483e100 13,750 409,100 SH SOLE 250,780.00 158,320.00 Emcor Group Inc. COM 29084q100 2,009 40,425 SH SOLE 40,425.00 Encore Acquisition Co. COM 29255w100 740 45,000 SH SOLE 45,000.00 Energizer Holdings Inc. COM 29266r108 7,654 251,768 SH SOLE 87,218.00 164,550.00 Equifax Inc. COM 294429105 6,107 280,895 SH SOLE 115,095.00 165,800.00 Evergreen Resource Inc. COM 299900308 4,169 101,735 SH SOLE 82,185.00 19,550.00 Fidelity National Financial In COM 316326107 4,129 143,660 SH SOLE 143,660.00 First Niagara Financial COM 33582u100 3,579 113,300 SH SOLE 113,300.00 Firstbank Corp. Alma Mich. COM 33761g104 212 9,000 SH SOLE 9,000.00 Flowers Foods Inc COM 343498101 5,025 221,065 SH SOLE 221,065.00 FMC Technologies Inc. COM 30249u101 3,062 182,697 SH SOLE 182,697.00 Fording Inc COM 345426100 1,379 93,142 SH SOLE 93,142.00 Fortune Brands COM 349631101 3,482 73,640 SH SOLE 73,640.00 Furniture Brands Int'l Inc COM 360921100 826 36,000 SH SOLE 36,000.00 Gaylord Entmt Co. COM 367905106 4,156 219,660 SH SOLE 123,660.00 96,000.00 Gencorp COM 368682100 2,048 203,563 SH SOLE 164,815.00 38,748.00 Getty Realty Corporation COM 374297109 1,681 88,100 SH SOLE 88,100.00 Gray Comunications Systems Inc CL A 389375205 471 35,000 SH SOLE 35,000.00 Greenpoint Financial Corp COM 395384100 5,629 134,850 SH SOLE 76,050.00 58,800.00 Griffon Corp COM 398433102 2,057 193,100 SH SOLE 193,100.00 Hancock John Financial Service COM 41014s106 7,610 273,733 SH SOLE 147,333.00 126,400.00 Harbor FL Bancshares COM 411901101 3,046 148,964 SH SOLE 97,564.00 51,400.00 Hartford Financial Svcs Group COM 416515104 4,272 104,190 SH SOLE 46,840.00 57,350.00 Harvest Natural Resources Inc. COM 41754v103 589 108,500 SH SOLE 108,500.00 Hearst-Argyle Television COM 422317107 5,386 216,815 SH SOLE 90,315.00 126,500.00 Hudson City Bancorp Inc. COM 443683107 4,066 250,500 SH SOLE 192,500.00 58,000.00 Hudson River Bancorp Inc COM 444128102 3,977 164,680 SH SOLE 158,480.00 6,200.00 Interactive Data Corp. COM 45840j107 3,443 281,100 SH SOLE 231,100.00 50,000.00 Interstate Bakeries COM 46072H108 10,706 402,953 SH SOLE 234,473.00 168,480.00 ITT Corp. COM 450911102 8,382 134,470 SH SOLE 72,970.00 61,500.00 Jefferies Group Inc. COM 472319102 4,946 129,610 SH SOLE 102,410.00 27,200.00 Journal Register Co COM 481138105 4,443 235,721 SH SOLE 177,721.00 58,000.00 Joy Global Inc COM 481165108 2,414 290,828 SH SOLE 225,295.00 65,533.00 Kansas City Southern Ind Inc COM 485170302 6,062 488,837 SH SOLE 395,417.00 93,420.00 KB Home COM 48666k109 9,039 185,075 SH SOLE 101,575.00 83,500.00 Key Energy Service COM 492914106 2,241 284,416 SH SOLE 221,715.00 62,701.00 Lennar Corp COM 526057104 12,889 231,061 SH SOLE 141,961.00 89,100.00 Liberty Media Corp Ser A COM SER A 592 82,500 SH SOLE 67,500.00 15,000.00 Limited Brands Inc COM 532716107 1,156 80,620 SH SOLE 80,620.00 Local Financial Corp. COM 539553107 207 15,000 SH SOLE 15,000.00 Magnum Hunter Res COM 55972f203 2,669 508,338 SH SOLE 408,720.00 99,618.00 Magnum Hunter Res *W EXP 155972f146 30 82,210 SH SOLE 62,286.00 19,924.00 Manitowoc Company Inc. COM 563571108 4,138 151,282 SH SOLE 109,082.00 42,200.00 Marathon Oil Corp COM 565849106 1,740 76,700 SH SOLE 60,700.00 16,000.00 Marriott Intl CL A 571903202 4,839 166,920 SH SOLE 75,770.00 91,150.00 Martin Marietta Mater COM 573284106 3,718 114,160 SH SOLE 59,710.00 54,450.00 Masco Corp. COM 574599106 4,169 213,227 SH SOLE 118,627.00 94,600.00 Media General Inc COM 584404107 6,537 128,545 SH SOLE 65,445.00 63,100.00 Meredith Corp. COM 589433101 8,506 197,585 SH SOLE 100,885.00 96,700.00 Merrill Lynch & Co. COM 590188108 264 8,000 SH SOLE 8,000.00 Methode Electrs CL A 591520200 5,317 579,219 SH SOLE 469,659.00 109,560.00 MetLife Inc COM 59156r108 5,094 223,830 SH SOLE 96,630.00 127,200.00 Mony Group Inc. COM 615337102 7,774 315,111 SH SOLE 186,217.00 128,894.00 Moody Corp COM 615369105 9,823 202,540 SH SOLE 92,040.00 110,500.00 Moog Inc. CL A 615394202 1,321 46,747 SH SOLE 32,250.00 14,497.00 Moog Inc. CL B 615394301 545 16,500 SH SOLE 16,500.00 Moore Corp. COM 615785102 4,452 454,243 SH SOLE 360,383.00 93,860.00 Morgan Group CL A 617358106 8 30,600 SH SOLE 30,600.00 Myers Inds. Inc. COM 628464109 1,334 106,500 SH SOLE 67,500.00 39,000.00 Neiman Marcus Group CL B 640204301 2,426 99,010 SH SOLE 75,060.00 23,950.00 New York Times CL A 650111107 658 14,485 SH SOLE 14,485.00 Newmont Mining COM 651639106 275 10,000 SH SOLE 10,000.00 Nortek Inc COM 656559101 2,293 53,000 SH SOLE 53,000.00 Northern Trust Corp. COM 665859104 339 9,000 SH SOLE 9,000.00 Occidental Petroleum COM 674599105 3,272 115,305 SH SOLE 89,855.00 25,450.00 Ocean Energy Inc COM 67481e106 1,928 96,649 SH SOLE 74,409.00 22,240.00 Oceaneering Intl Inc COM 675232102 201 7,900 SH SOLE 7,900.00 OceanFirst Financial Corp COM 675234108 742 36,000 SH SOLE 36,000.00 Old Republic Intl COM 680223104 11,838 417,124 SH SOLE 233,923.51 183,200.00 Oregon Trail Financial COM 685932105 735 34,500 SH SOLE 34,500.00 Partners Trust Financial Group COM 70213a103 4,289 307,024 SH SOLE 258,424.00 48,600.00 Pepsi Bottling Group Inc. COM 713409100 6,361 271,820 SH SOLE 113,820.00 158,000.00 PepsiAmericas Inc COM 71343p200 1,675 117,950 SH SOLE 83,000.00 34,950.00 Pepsico Inc COM 713448108 4,658 126,050 SH SOLE 46,700.00 79,350.00 Phoenix Cos Inc COM 71902e109 861 63,184 SH SOLE 38,184.00 25,000.00 Pico Holdings Inc. COM 693366205 266 24,150 SH SOLE 24,150.00 Prima Energy Corp. COM 741901201 598 28,500 SH SOLE 28,500.00 Principal Financial Group Inc. COM 74251v102 6,744 257,595 SH SOLE 127,395.00 130,200.00 Private Bancorp Inc. COM 742962103 581 19,000 SH SOLE 19,000.00 Providence & Worcester RR COM 743737108 1,717 250,264 SH SOLE 178,130.00 72,134.00 Provident Finl Holding Inc COM 743868101 987 42,000 SH SOLE 42,000.00 Prudential Financial Inc. COM 744320102 5,673 198,625 SH SOLE 103,425.00 95,200.00 Pulitzer Pubg Co COM 745769109 4,133 99,230 SH SOLE 74,330.00 24,900.00 R & G Finl Corp CL B 749136107 251 11,500 SH SOLE 11,500.00 Ralcorp Holdings Inc COM 751028101 6,151 289,205 SH SOLE 244,510.00 44,695.00 Regal Beloit Corp. COM 758750103 844 49,331 SH SOLE 26,300.00 23,031.00 Regional Bk Holders Trust COM 759021100 251 2,500 SH SOLE 2,500.00 RH Donnelly Corp. COM 74955w307 5,746 220,990 SH SOLE 170,345.00 50,645.00 Rockwell Automation Corp. COM 773903109 5,554 341,379 SH SOLE 161,545.00 179,834.00 Roslyn Bancorp COM 778162107 3,949 226,800 SH SOLE 226,800.00 RPM International Inc. COM 749685103 1,580 112,350 SH SOLE 77,350.00 35,000.00 Ryder Systems COM 783549108 2,019 81,000 SH SOLE 60,000.00 21,000.00 Sara Lee Corp COM 803111103 5,496 300,475 SH SOLE 130,675.00 169,800.00 Sauer Danfoss Inc. COM 804137107 1,399 155,418 SH SOLE 114,450.00 40,968.00 SPDR Trust UNIT SER78462f103 654 8,000 SH SOLE 8,000.00 St. Joe Corp. COM 790148100 2,895 104,900 SH SOLE 104,900.00 Stancorp Financial Corp COM 852891100 4,965 93,850 SH SOLE 77,850.00 16,000.00 Steak N Shake COM 857873103 1,770 160,950 SH SOLE 85,450.00 75,500.00 Stilwell Financial Inc COM 860831106 211 17,500 SH SOLE 17,500.00 Sybron Dental Specialties Inc. COM 871142105 8,038 574,580 SH SOLE 359,260.00 215,320.00 Tasty Baking COM 876553306 2,777 217,835 SH SOLE 163,775.00 54,060.00 Tenet Health Care COM 88033G100 233 4,700 SH SOLE 4,700.00 Terex Corp. COM 880779103 2,687 159,005 SH SOLE 110,905.00 48,100.00 Textron COM 883203101 5,335 156,460 SH SOLE 70,370.00 86,090.00 Thomas & Betts Corp. COM 884315102 1,745 123,863 SH SOLE 75,350.00 48,513.00 Thomas Indust COM 884425109 3,323 134,000 SH SOLE 134,000.00 Timken Co. COM 887389104 3,585 214,003 SH SOLE 166,300.00 47,703.00 Triarc Co. Inc. CL A 895927101 2,603 114,700 SH SOLE 80,500.00 34,200.00 Tupperware Corp COM 899896104 7,744 465,954 SH SOLE 237,854.00 228,100.00 Tyco Intl Inc. COM 902124106 783 55,500 SH SOLE 55,500.00 Tyler Corp COM 902252105 716 162,785 SH SOLE 162,785.00 U S Bancorp COM 902973304 186 10,000 SH SOLE 10,000.00 Union Pacific Corp COM 907818108 5,290 91,420 SH SOLE 45,020.00 46,400.00 Unionbancal Corp COM 908906100 210 5,000 SH SOLE 5,000.00 United Financial Corp COM 909919102 246 12,100 SH SOLE 12,100.00 Unitrin Inc COM 913275103 9,454 307,943 SH SOLE 184,390.00 123,553.00 Viacom Inc CL B 925524308 5,385 132,797 SH SOLE 53,996.00 78,801.00 Viad Corp COM 92552R109 1,271 62,200 SH SOLE 62,200.00 Wabtec COM 929740108 2,790 198,135 SH SOLE 189,735.00 8,400.00 Waddell & Reed Fin CL A 930059100 7,348 416,087 SH SOLE 243,287.00 172,800.00 Wal Mart Stores COM 931142103 305 6,200 SH SOLE 6,200.00 Walter Industries COM 93317Q105 7,612 619,900 SH SOLE 337,100.00 282,800.00 Washington Mutual Inc. COM 939322103 213 6,775 SH SOLE 6,775.00 Water Pik Technologies Inc. COM 94113u100 3,732 367,685 SH SOLE 302,165.00 65,520.00 Watts Industries Inc. CL A 942749102 1,253 76,390 SH SOLE 69,590.00 6,800.00 Waypoint Financial COM 946756103 3,467 205,650 SH SOLE 165,350.00 40,300.00 Westwood Hldg Group COM 961765104 292 20,500 SH SOLE 20,500.00 Willbros Group Inc COM 969199108 4,500 433,520 SH SOLE 335,735.00 97,785.00 Wintrust Financial Corp COM 97650W108 573 20,000 SH SOLE 20,000.00 Partnerre Ltd. COM g6852t105 217 4,500 SH SOLE 4,500.00 WP Stewart & Co. Ltd. COM g84922106 408 23,901 SH SOLE 15,931.00 7,970.00 Zale Corp COM 988858106 4,850 160,805 SH SOLE 87,305.00 73,500.00