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
Estimated average burden
hours per response: 23.8
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
Ames National Corp Common Stock 031001100 4,032 167,876 SH   SOLE   167,876 0 0
EMCOR Group Inc Common Stock 29084Q100 45,005 492,073 SH   SOLE   492,073 0 0
Grand Canyon Education Inc Common Stock 38526M106 31,604 339,426 SH   SOLE   339,426 0 0
First Financial Corp/IN Common Stock 320218100 19,677 506,482 SH   SOLE   506,482 0 0
United Insurance Holdings Corp Common Stock 910710102 3,422 598,250 SH   SOLE   598,250 0 0
Universal Insurance Holdings Inc Common Stock 91359V107 9,445 625,065 SH   SOLE   625,065 0 0
Waterstone Financial Inc Common Stock 94188P101 9,399 499,390 SH   SOLE   499,390 0 0
WSFS Financial Corp Common Stock 929328102 4,520 100,706 SH   SOLE   100,706 0 0
Weight Watchers International Inc Common Stock 98262P101 73,254 3,002,202 SH   SOLE   3,002,202 0 0