The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Ascena Retail Group Inc Common Stock 04351G200 298 961,557 SH   SOLE   961,557 0 0
Ames National Corp Common Stock 031001100 3,048 180,434 SH   SOLE   180,434 0 0
Builders FirstSource Inc Common Stock 12008R107 27,514 843,470 SH   SOLE   843,470 0 0
CRH Medical Corp Common Stock 12626F105 1,355 624,291 SH   SOLE   624,291 0 0
EMCOR Group Inc Common Stock 29084Q100 53,379 788,349 SH   SOLE   788,349 0 0
Heidrick & Struggles International Inc Common Stock 422819102 7,508 382,080 SH   SOLE   382,080 0 0
Korn Ferry International Common Stock 500643200 11,190 385,861 SH   SOLE   385,861 0 0
Grand Canyon Education Inc Common Stock 38526M106 15,641 195,661 SH   SOLE   195,661 0 0
First Financial Corp/IN Common Stock 320218100 11,668 371,605 SH   SOLE   371,605 0 0
United Insurance Holdings Corp Common Stock 910710102 3,571 589,341 SH   SOLE   589,341 0 0
Universal Insurance Holdings Inc Common Stock 91359V107 8,651 625,065 SH   SOLE   625,065 0 0
Waterstone Financial Inc Common Stock 94188P101 9,102 587,622 SH   SOLE   587,622 0 0
WSFS Financial Corp Common Stock 929328102 11,988 444,501 SH   SOLE   444,501 0 0
Weight Watchers International Inc Common Stock 98262P101 46,281 2,452,619 SH   SOLE   2,452,619 0 0