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
ACCURIDE CORP Common 00439t206 13,308 2,855,828 SH   SOLE   2,400,880 0 0
ASHFORD HOSPITALITY PRIME INC. Common 044102101 8,005 477,343 SH   SOLE   406,500 0 0
ASHFORD HOSPITALITY TRUST INC Common 044103109 17,297 1,798,097 SH   SOLE   1,533,526 0 0
ASTRO-MED INC Common 04638F108 8,784 627,891 SH   SOLE   530,129 0 0
BLUE NILE, INC. Common 09578R103 25,726 807,979 SH   SOLE   688,579 0 0
BRIGGS & STRATTON Common 109043109 27,126 1,320,644 SH   SOLE   1,127,979 0 0
CASELLA WASTE SYSTEMS INC. Common 147448104 17,814 3,239,058 SH   SOLE   2,727,841 0 0
CENTRAL GARDEN AND PET CO - A Common 153527205 24,955 2,349,830 SH   SOLE   2,007,523 0 0
CENTRAL GARDEN AND PET CO. Common 153527106 13,417 1,359,442 SH   SOLE   1,126,112 0 0
CITI TRENDS INC. Common 17306X102 9,763 361,604 SH   SOLE   303,975 0 0
COLUMBUS MCKINNON N Y COM Common 199333105 14,605 542,167 SH   SOLE   456,717 0 0
COMMERCIAL VEHICLE GROUP INC Common 202608105 12,771 1,983,104 SH   SOLE   1,670,204 0 0
CPI AEROSTRUCTURES INC Common 125919308 6,934 568,387 SH   SOLE   475,409 0 0
DOUGLAS DYNAMICS INC. Common 25960r105 23,834 1,043,563 SH   SOLE   890,638 0 0
ESCROW SHARES: GERBER SCIENTIFIC INC. Common 37373ESC5 0 841,349 SH   SOLE   703,427 0 0
EVOLVING SYSTEMS INC Common 30049R209 274 31,140 SH   SOLE   26,440 0 0
FIRST CONNECTICUT BANKCORP, INC. Common 319850103 12,734 828,542 SH   SOLE   698,939 0 0
FRP HOLDINGS INC Common 30292L107 8,840 242,872 SH   SOLE   204,872 0 0
FURMANITE CORPORATION Common 361086101 14,046 1,780,339 SH   SOLE   1,496,185 0 0
GLOBAL POWER EQUIPMENT GROUP Common 37941P306 12,722 963,824 SH   SOLE   810,269 0 0
GLOBE SPECIALTY METALS INC Common 37954n206 28,525 1,507,685 SH   SOLE   1,288,166 0 0
GRAFTECH INTERNATIONAL LTD Common 384313102 18,587 4,778,320 SH   SOLE   4,060,184 0 0
GRANITE CONSTRUCTION INC Common 387328107 26,111 743,062 SH   SOLE   635,012 0 0
GREAT LAKES DREDGE & DOCK CO Common 390607109 27,532 4,581,092 SH   SOLE   3,871,251 0 0
HARSCO CORP Common 415864107 28,835 1,670,635 SH   SOLE   1,422,338 0 0
HEADWATERS INC. Common 42210P102 30,457 1,660,695 SH   SOLE   1,413,883 0 0
HEIDRICK & STRUGGLES INTL Common 422819102 13,424 546,145 SH   SOLE   458,995 0 0
HILL INTERNATIONAL INC. Common 431466101 12,799 3,565,434 SH   SOLE   3,005,046 0 0
HOMETRUST BANCSHARES INC Common 437872104 13,515 846,296 SH   SOLE   712,025 0 0
INNERWORKINGS INC Common 45773Y105 22,803 3,393,400 SH   SOLE   2,896,705 0 0
INSTEEL INDUSTRIES INC. Common 45774w108 14,613 675,594 SH   SOLE   569,914 0 0
INTREPID POTASH INC Common 46121Y102 22,142 1,917,101 SH   SOLE   1,633,130 0 0
INVACARE CORP Common 461203101 30,822 1,587,959 SH   SOLE   1,354,960 0 0
JOHN BEAN TECHNOLOGIES CORP Common 477839104 27,043 757,110 SH   SOLE   644,405 0 0
KEY TECHNOLOGY INC Common 493143101 4,007 315,819 SH   SOLE   269,819 0 0
LAWSON PRODUCTS INC. Common 520776105 2,105 90,721 SH   SOLE   77,171 0 0
LAYNE CHRISTENSEN COMPANY Common 521050104 10,817 2,159,231 SH   SOLE   1,837,807 0 0
LIBBEY INC Common 529898108 14,346 359,464 SH   SOLE   302,014 0 0
LMI AEROSPACE Common 502079106 9,378 768,063 SH   SOLE   647,863 0 0
MAIDEN HOLDINGS LTD Common 036419750 27,031 1,822,736 SH   SOLE   1,552,032 0 0
MARINEMAX INC Common 567908108 12,751 481,016 SH   SOLE   405,491 0 0
MEADOWBROOK INSURANCE GROUP Common 58319P108 15,005 1,765,318 SH   SOLE   1,491,718 0 0
MERCURY SYSTEMS INC Common 589378108 12,354 794,512 SH   SOLE   668,762 0 0
MISTRAS GROUP INC. Common 60649T107 24,454 1,269,719 SH   SOLE   1,081,074 0 0
MODINE MANUFACTURING Common 607828100 19,701 1,462,634 SH   SOLE   1,248,222 0 0
MUELLER WATER PRODUCTS Common 624758108 24,357 2,472,818 SH   SOLE   2,101,019 0 0
NATIONAL INTERSTATE CORP Common 63654U100 24,692 879,367 SH   SOLE   751,531 0 0
NCI BUILDING SYSTEMS INC Common 628852204 25,107 1,452,990 SH   SOLE   1,242,329 0 0
NORTHERN TECHNOLOGIES INTL Common 665809109 6,005 316,053 SH   SOLE   265,097 0 0
OMNOVA SOLUTIONS INC Common 682129101 6,592 772,906 SH   SOLE   653,456 0 0
PATRIOT TRANSPORTATION HOLDING Common 70338W105 2,049 82,086 SH   SOLE   69,186 0 0
PMFG INC. Common 69345P103 10,690 2,299,138 SH   SOLE   1,933,973 0 0
POWELL INDUSTRIES INC Common 739128106 20,484 606,603 SH   SOLE   516,756 0 0
QAD INC Common 74727D306 13,837 571,794 SH   SOLE   481,894 0 0
QAD INC-B Common 74727D207 41 2,052 SH   SOLE   1,752 0 0
RAND LOGISTICS INC Common 752182105 5,053 1,554,887 SH   SOLE   1,325,487 0 0
REGIS CORP Common 758932107 25,636 1,567,027 SH   SOLE   1,337,474 0 0
REIS INC Common 75936p105 4,847 189,047 SH   SOLE   158,597 0 0
SCHNITZER STEEL INDUSTRIES, INC. Common 806882106 23,823 1,502,099 SH   SOLE   1,279,271 0 0
STONERIDGE INC. Common 86183P102 12,809 1,134,545 SH   SOLE   954,438 0 0
TITAN MACHINERY, INC. Common 88830R101 13,228 990,880 SH   SOLE   833,180 0 0
UMH PROPERTIES INC. Common 903002103 13,734 1,363,891 SH   SOLE   1,148,491 0 0
UNIVERSAL STAINLESS & ALLOY Common 913837100 14,964 570,725 SH   SOLE   479,388 0 0
VISHAY PRECISION GROUP Common 92835K103 12,235 768,050 SH   SOLE   649,950 0 0
WARRANTS: ROO GROUP INC Common 776349102 0 60,000 SH   SOLE   478,898 0 0
WILLIS LEASE FINANCE CORPORATION Common 970646105 10,559 568,348 SH   SOLE   1,124,041 0 0