13F-HR 1 cannell13f01-4.txt SF/216996.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter December 31, Ended: 2001 ---------------- 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: Cannell Capital LLC ------------------------------------- ------------------------------------- Address: 150 California Street ------------------------------------- ------------------------------------- San Francisco, CA 94111 ------------------------------------- ------------------------------------- ------------------------------------- Form 13F File 6453 Number: 28- -------- 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: J. Carlo Cannell ------------------------------------- ------------------------------------- Title: Managing Member ------------------------------------- ------------------------------------- Phone: 415-229-8115 ------------------------------------- Signature, Place, and Date of Signing: /s/ J. Carlo Cannell San Francisco, CA 2/14/2002 ------------------------ ------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------- -------------- Form 13F Information Table Entry 83 Total: -------------- -------------- Form 13F Information Table value $ 760,798 Total: -------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE CANNELL CAPITAL LLC Managed Assets as of 12/31/2001 -------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 -------------------------------------------------------------------------------- NAME OF ISSUER TITLE OF CUSIP VALUE SHS OR SH/ CLASS (x$1000) PRN PRN -------------------------------------------------------------------------------- 3TEC ENERGY CORP COM NEW COMMON 88575r308 12,680 905,700 ADEPT TECHNOLOGY INC COMMON 006854103 2,947 736,700 ALDILA INC COM COMMON 014384101 1,596 1,520,050 ALLIANCE SEMICONDUCTOR CORP COMMON 01877h100 9,612 795,700 AMCOL INTERNATIONAL CORP COMMON 02341w103 11,001 1,527,900 AMERICA SVC GROUP INC COM COMMON 02364l109 1,648 216,000 AMERICAN CAPITAL STRATEGIES, LTD. COMMON 24937104 9,537 336,400 ASTROPOWER INC COMMON 04644a101 7,601 188,000 CALIFORNIA MICRO DEVIC COM COMMON 130439102 1,337 284,500 CASCADE CORP COM COMMON 147195101 9,996 832,300 CENDANT CORPORATION COMMON 53790101 20,534 1,047,131 CENTERSPAN COMMUNCATNS COM COMMON 886027101 190 20,000 COLUMBUS MCKINNON CORP-N.Y. COMMON 199333105 8,001 780,600 COMTECH TELECOMMUNICAT COM NEW COMMON 205826209 7,297 588,480 CONRAD INDS INC COM COMMON 208305102 4,385 851,500 CONSOLIDATED GRAPHICS INC COMMON 209341106 10,320 536,100 CORNELL COMPANIES INC CMN COMMON 219141108 9,815 556,100 CSK AUTO CORP COMMON 125965103 2,044 205,400 DAVOX CORP COMMON 239208101 9,198 951,200 DITECH COMMUNICATIONS CORP COMMON 25500m103 9,810 1,629,600 DOLLAR THRIFTY AUTOMOTIVE GRP COMMON 256743105 10,529 679,300 DRS TECHNOLOGIES INC COMMON 252456405 1,247 35,000 ENNIS BUSINESS FORMS INC COMMON 293389102 13,230 1,378,100 FIRST YRS INC COM COMMON 337610109 6,979 545,200 GENCORP INC COMMON 368682100 2,830 200,600 HERBALIFE INTERNATIONAL CL-B COMMON 426908307 9,315 706,200 HERCULES INC. COMMON 427056106 4,062 406,200 HOOPER HOLMES INC COM COMMON 439104100 20,093 2,245,000 HUGOTON RTY TR TEX UNIT BEN INT UNIT BEN INT 444717102 9,295 911,300 HYPERION SOLUTIONS COMMON 44914M104 7,177 361,400 ICO INC. COMMON 449293307 412 45,890 INSITUFORM TECHNOLOGIES INC COMMON 457667103 22,843 893,000 INTER PARFUMS INC COM COMMON 458334109 7,580 1,009,275 INTERLINQ SOFTWARE CP COM COMMON 458753100 1,755 953,800 JACK HENRY & ASSOC INC COMMON 426281101 13,716 628,000 KEYNOTE SYSTEMS INC COMMON 493308100 18,063 1,931,900 KROLL INC COMMON 501049100 7,248 480,000 MAPICS INC COM COMMON 564910107 13,147 2,134,200 MEDQUIST INC COMMON 584949101 16,346 558,848 MOBIUS MGMT SYS COM COMMON 606925105 5,025 1,675,000 MULTEX.COM INC COMMON 625367107 7,488 1,664,000 NATIONAL RESEARCH CORP COM COMMON 637372103 4,328 691,400 OPINION RESH CORP COM COMMON 683755102 4,279 644,389 ORPHAN MEDICAL INC COMMON 687303107 8,219 624,996 OSCA INC COMMON 687836106 20,087 963,400 PACTIV CORPORATION COMMON 695257105 17,546 988,500 PC-TEL INC CMN COMMON 69325q105 16,555 1,704,900 PEDIATRIC SVCS OF AMERICA COMMON 705323103 4,310 515,600 PEGASUS SOLUTIONS INC CMN COMMON 705906105 17,882 1,259,300 PRIDE INTERNATIONAL COMMON 74153q102 32,041 2,121,900 QUALITY SYS INC COM COMMON 747582104 8,682 532,300 RADCOM LTD ORD COMMON m81865103 2,501 1,359,240 RANGE RESOURCES CORPORATION COMMON 75281a109 18,561 4,079,300 SI TECHNOLOGIES INC COM COMMON 783978109 752 406,300 SOUTHWESTERN ENERGY CO COM COMMON 845467109 12,927 1,243,000 SPECTRIAN CORP COMMON 847608106 3,335 302,300 SPECTRUM CONTROL INC COMMON 847615101 6,917 1,317,486 SPORTS AUTHORITY COMMON 849176102 12,201 2,140,500 STEWART ENTERPRISES INC COMMON 860370105 11,337 1,892,700 THE CATO CORP CLASS A CMN CLASS A COMMON 149205106 14,372 760,400 TIMBERLINE SOFTWARE CP COM COMMON 887134104 8,318 1,386,300 TRICO MARINE SVCS INC COM COMMON 896106101 13,030 1,725,800 TRIMBLE NAVIGATION LTD COMMON 896239100 1,905 117,500 U S PHYSICAL THERAPY COM COMMON 90337l108 14,138 874,850 UNITED INDUSTRIAL CORP. COMMON 910671106 1,539 91,900 UNIVERSAL ELECTRS INC COMMON 913483103 12,517 727,300 VCA ANTECH, INC. COMMON 918194101 12,314 1,016,000 VIRTUAL CMNTYS INC COM COMMON 92825d101 1 258,900 VISX INC DEL COM COMMON 92844s105 15,264 1,152,000 WEBEX INC COM COMMON 94767l109 2,162 87,000 WEBHIRE INC COM COMMON 94768w203 285 222,800 AGNICO EAGLE MINES LTD CV 008474aa6 5,220 6,000,000 AMAZON COM INC CONV SUB NTS CV 023135af3 17,640 36,000,000 AMERITRADE HOLDINGS CORP CV 03072hab5 12,975 16,851,000 ASPECT COMMUNCIATIONS CORP CV 045237ae4 11,942 43,425,000 BROADBAND TECHNOLOGIES INC CV 111309ac4 0 1,750,000 CENTRAL GARDEN & PET CO CV 153527ac0 8,636 10,071,000 CONEXANT SYSTEMS INC SUB NOTE CONV CV 207142af7 17,688 26,800,000 E TRADE GROUP INC CONV SUB NOTE CV 269246ab0 21,929 26,500,000 INTEGRAT PROCESS EQUIP CV BD CV 45812kad0 9,729 22,112,000 NTL INC/NTL COMM. CORP SR NT CV 62941aab5 3,336 10,424,000 TRANSWITCH CORP CV 894065ab7 5,460 9,750,000 LECHTERS INC CVT SUB DEB 5% CV u52323aa7 9 6,835,000 -------------------------------------------------------------------------------- COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8 -------------------------------------------------------------------------------- INVESTMENT OTHER VOTING AUTHORITY ----------------- NAME OF ISSUER DISCRETION MGRS SOLE SHARED NONE -------------------------------------------------------------------------------- # OF EACH TYPE 3TEC ENERGY CORP COM NEW SOLE 798,900 106,800 ADEPT TECHNOLOGY INC SOLE 612,100 124,600 ALDILA INC COM SOLE 1,323,050 197,000 ALLIANCE SEMICONDUCTOR CORP SOLE 707,461 88,239 AMCOL INTERNATIONAL CORP SOLE 1,304,100 223,800 AMERICA SVC GROUP INC COM SOLE 192,400 23,600 AMERICAN CAPITAL STRATEGIES, LTD. SOLE 297,700 38,700 ASTROPOWER INC SOLE 166,200 21,800 CALIFORNIA MICRO DEVIC COM SOLE 250,300 34,200 CASCADE CORP COM SOLE 702,400 129,900 CENDANT CORPORATION SOLE 928,328 118,803 CENTERSPAN COMMUNCATNS COM SOLE 17,700 2,300 COLUMBUS MCKINNON CORP-N.Y. SOLE 660,800 119,800 COMTECH TELECOMMUNICAT COM NEW SOLE 519,007 69,473 CONRAD INDS INC COM SOLE 740,500 111,000 CONSOLIDATED GRAPHICS INC SOLE 476,215 59,885 CORNELL COMPANIES INC CMN SOLE 491,500 64,600 CSK AUTO CORP SOLE 181,800 23,600 DAVOX CORP SOLE 804,500 146,700 DITECH COMMUNICATIONS CORP SOLE 1,440,000 189,600 DOLLAR THRIFTY AUTOMOTIVE GRP SOLE 582,100 97,200 DRS TECHNOLOGIES INC SOLE 31,000 4,000 ENNIS BUSINESS FORMS INC SOLE 1,219,100 159,000 FIRST YRS INC COM SOLE 453,700 91,500 GENCORP INC SOLE 177,600 23,000 HERBALIFE INTERNATIONAL CL-B SOLE 586,100 120,100 HERCULES INC. SOLE 348,200 58,000 HOOPER HOLMES INC COM SOLE 1,960,100 284,900 HUGOTON RTY TR TEX UNIT BEN INT SOLE 911,300 - HYPERION SOLUTIONS SOLE 309,600 51,800 ICO INC. SOLE 45,890 - INSITUFORM TECHNOLOGIES INC SOLE 786,700 106,300 INTER PARFUMS INC COM SOLE 845,825 163,450 INTERLINQ SOFTWARE CP COM SOLE 747,312 206,488 JACK HENRY & ASSOC INC SOLE 555,900 72,100 KEYNOTE SYSTEMS INC SOLE 1,704,700 227,200 KROLL INC SOLE 402,200 77,800 MAPICS INC COM SOLE 1,862,100 272,100 MEDQUIST INC SOLE 503,048 55,800 MOBIUS MGMT SYS COM SOLE 1,467,399 207,601 MULTEX.COM INC SOLE 1,467,100 196,900 NATIONAL RESEARCH CORP COM SOLE 566,440 124,960 OPINION RESH CORP COM SOLE 555,007 89,382 ORPHAN MEDICAL INC SOLE 526,049 98,947 OSCA INC SOLE 852,500 110,900 PACTIV CORPORATION SOLE 867,700 120,800 PC-TEL INC CMN SOLE 1,440,183 264,717 PEDIATRIC SVCS OF AMERICA SOLE 432,900 82,700 PEGASUS SOLUTIONS INC CMN SOLE 1,109,700 149,600 PRIDE INTERNATIONAL SOLE 1,874,518 247,382 QUALITY SYS INC COM SOLE 467,900 64,400 RADCOM LTD ORD SOLE 1,163,940 195,300 RANGE RESOURCES CORPORATION SOLE 3,556,930 522,370 SI TECHNOLOGIES INC COM SOLE 406,300 - SOUTHWESTERN ENERGY CO COM SOLE 1,099,789 143,211 SPECTRIAN CORP SOLE 267,600 34,700 SPECTRUM CONTROL INC SOLE 1,167,986 149,500 SPORTS AUTHORITY SOLE 1,889,400 251,100 STEWART ENTERPRISES INC SOLE 1,674,700 218,000 THE CATO CORP CLASS A CMN CLASS A SOLE 652,400 108,000 TIMBERLINE SOFTWARE CP COM SOLE 1,200,130 186,170 TRICO MARINE SVCS INC COM SOLE 1,519,000 206,800 TRIMBLE NAVIGATION LTD SOLE 103,900 13,600 U S PHYSICAL THERAPY COM SOLE 774,200 100,650 UNITED INDUSTRIAL CORP. SOLE 81,500 10,400 UNIVERSAL ELECTRS INC SOLE 643,467 83,833 VCA ANTECH, INC. SOLE 1,016,000 - VIRTUAL CMNTYS INC COM SOLE 258,900 - VISX INC DEL COM SOLE 1,019,500 132,500 WEBEX INC COM SOLE 77,100 9,900 WEBHIRE INC COM SOLE 183,720 39,080 AGNICO EAGLE MINES LTD SOLE 5,125,000 875,000 AMAZON COM INC CONV SUB NTS SOLE 31,737,700 4,262,300 AMERITRADE HOLDINGS CORP SOLE 14,667,300 2,183,700 ASPECT COMMUNCIATIONS CORP SOLE 38,192,200 5,232,800 BROADBAND TECHNOLOGIES INC SOLE 1,750,000 - CENTRAL GARDEN & PET CO SOLE 8,931,000 1,140,000 CONEXANT SYSTEMS INC SUB NOTE CONV SOLE 23,422,700 3,377,300 E TRADE GROUP INC CONV SUB NOTE SOLE 22,603,400 3,896,600 INTEGRAT PROCESS EQUIP CV BD SOLE 19,433,287 2,678,713 NTL INC/NTL COMM. CORP SR NT SOLE 9,251,106 1,172,894 TRANSWITCH CORP SOLE 8,301,300 1,448,700 LECHTERS INC CVT SUB DEB 5% SOLE 5,641,300 1,193,700