13F-HR 1 v111348_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2008 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: Luke P. La Valle, Jr. Address: American Capital Management, Inc. 50 Broad Street - Suite 1609, New York, NY 10004 Form 13F File Number: 028-11313 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: Arlene Francis Title: Office Manager Phone: 212-344-3300 Signature, Place, and Date of Signing: /s/ Arlene Francis New York, NY April 22, 2008 ---------------------- ------------- ---------------- [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-______________ _______________________________ [Repeat as necessary. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 98 Form 13F Information Table Value Total: $ 295,764 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the names(s) and Form 13F file numbers(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.] No. Form 13F File Number Name ______ 28-______________________ ______________________________ [Repeat as necessary.] FORM 13F INFORMATION TABLE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Valeant Pharmaceuticals Cv Sub CONV 91911XAD6 4904 5900000 PRN SOLE 5900000 Veeco Instruments Cv Sub Deb CONV 922417AB6 5916 5976000 PRN SOLE 5976000 A T & T COM 001957109 732 19118 SH SOLE 19118 ACI Worldwide COM 004498101 3167 159000 SH SOLE 159000 Abbott Lab COM 002824100 367 6650 SH SOLE 6650 Acxiom COM 005125109 2177 183400 SH SOLE 183400 Albany Molecular Research COM 012423109 3278 270000 SH SOLE 270000 AmSurg COM 03232P405 1502 63410 SH SOLE 63410 Anadarko Pete COM 032511107 340 5400 SH SOLE 5400 AngioDynamics COM 03475V101 1281 110800 SH SOLE 110800 Ansoft COM 036384105 2401 78675 SH SOLE 78675 Arbitron COM 03875Q108 475 11000 SH SOLE 11000 ArthroCare COM 043136100 7121 213510 SH SOLE 213510 Avid Technology COM 05367P100 3553 145960 SH SOLE 145960 Baldor Electric COM 057741100 9503 339390 SH SOLE 339390 Bank New York Mellon COM 064057102 475 11375 SH SOLE 11375 Berkshire Hathaway Cl B COM 084670207 349 78 SH SOLE 78 Blackboard COM 091935502 393 11800 SH SOLE 11800 Brady COM 104674106 2115 63280 SH SOLE 63280 Buckeye Partners LP Unit COM 118230101 307 6650 SH SOLE 6650 CRA International COM 12618T105 1424 44300 SH SOLE 44300 Celgene COM 151020104 2433 39700 SH SOLE 39700 Charles River Labs COM 159864107 3326 56430 SH SOLE 56430 Cognex COM 192422103 10744 492160 SH SOLE 492160 Computer Programs & Systems COM 205306103 916 43850 SH SOLE 43850 Digital River COM 25388b104 2079 67125 SH SOLE 67125 Dionex COM 254546104 8539 110910 SH SOLE 110910 Eclipsys COM 278856109 482 24600 SH SOLE 24600 El Paso COM 28336L109 349 21000 SH SOLE 21000 Energy Conversion COM 292659109 448 15000 SH SOLE 15000 Euronet Worldwide COM 298736109 444 23050 SH SOLE 23050 Exxon Mobil COM 302290101 958 11330 SH SOLE 11330 FactSet Research System COM 303075105 9757 181130 SH SOLE 181130 Forrester Research COM 346563109 8499 319755 SH SOLE 319755 Fuel-Tech COM 359523107 1449 70660 SH SOLE 70660 Fuelcell Energy COM 35952H106 166 25000 SH SOLE 25000 General Electric COM 369604103 452 12200 SH SOLE 12200 Gentex COM 371901109 1362 79400 SH SOLE 79400 Genzyme COM 372917104 3901 52332 SH SOLE 52332 Haemonetics COM 405024100 15586 261600 SH SOLE 261600 Halliburton COM 406216101 543 13800 SH SOLE 13800 Healthways COM 422245100 7175 203025 SH SOLE 203025 Hologic COM 436440101 4333 77936 SH SOLE 77936 Honeywell COM 438516106 496 8800 SH SOLE 8800 Huron Consulting Group COM 447462102 2086 50200 SH SOLE 50200 ICON PLC ADR COM 45103T107 11371 175240 SH SOLE 175240 IDEXX Laboratories COM 45168D104 11160 226560 SH SOLE 226560 ITRON COM 465741106 7787 86300 SH SOLE 86300 Integra Lifesciences COM 457985208 3471 79850 SH SOLE 79850 Invitrogen COM 46185r100 376 4400 SH SOLE 4400 Jack Henry & Associates COM 426281101 4167 168900 SH SOLE 168900 Johnson & Johnson COM 478160104 6205 95648 SH SOLE 95648 KV Pharmaceutical Cl A COM 482740206 7450 298487 SH SOLE 298487 Kaydon COM 486587108 2670 60800 SH SOLE 60800 LECG COM 523234102 820 87575 SH SOLE 87575 Level 3 Communications COM 52729N100 32 15000 SH SOLE 15000 Linear Tech COM 535678106 424 13800 SH SOLE 13800 Manhattan Associates COM 562750109 10697 466525 SH SOLE 466525 Martek Biosciences COM 572901106 2678 87600 SH SOLE 87600 MedQuist COM 584949101 817 86500 SH SOLE 86500 Medicis Pharmaceutical COM 584690309 5920 300650 SH SOLE 300650 Mentor COM 587188103 1806 70200 SH SOLE 70200 Merit Medical Systems COM 589889104 3839 242500 SH SOLE 242500 Microsoft COM 594918104 436 15375 SH SOLE 15375 National Oilwell Varco COM 637071101 210 3600 SH SOLE 3600 NeuStar COM 64126x201 458 17300 SH SOLE 17300 Nokia ADR COM 654902204 519 16300 SH SOLE 16300 O'Reilly Automotive COM 686091109 9577 335790 SH SOLE 335790 Orthofix COM N6748L102 3697 92970 SH SOLE 92970 Packaging COM 695156109 258 11550 SH SOLE 11550 Pearson COM G69651100 369 27200 SH SOLE 27200 Penn West Energy Tr COM 707885109 238 8500 SH SOLE 8500 Pharmaceutical Prod Dvlpt COM 717124101 18750 447505 SH SOLE 447505 Pope Resources COM 732857107 636 18439 SH SOLE 18439 Procter & Gamble COM 742718109 246 3511 SH SOLE 3511 Quaker Chemical COM 747316107 3395 108500 SH SOLE 108500 RPM COM 749685103 408 19500 SH SOLE 19500 Renaissance Holdings COM G7496G103 340 6550 SH SOLE 6550 ResMed COM 761152107 6295 149250 SH SOLE 149250 SAIC COM 78390x101 462 24868 SH SOLE 24868 SEI Investments COM 784117103 9049 366500 SH SOLE 366500 Sanmina-SCI COM 800907107 665 410503 SH SOLE 410503 Sapiens Int'l COM N7716A102 21 19020 SH SOLE 19020 Shaw Comm. Cl B COM 82025k200 632 34760 SH SOLE 34760 Skyworks Solutions COM 020753109 1982 272275 SH SOLE 272275 Stem Cell Innovations COM 85857B100 1 225000 SH SOLE 225000 TomoTherapy COM 890088107 674 47000 SH SOLE 47000 UQM Technologies COM 903213106 47 28000 SH SOLE 28000 Valeant Pharmaceuticals Int'l COM 91911x104 4518 352155 SH SOLE 352155 Veeco Instruments COM 922417100 665 40000 SH SOLE 40000 Weyerhaeuser COM 962166104 273 4200 SH SOLE 4200 Zebra Technologies COM 989207105 9385 281665 SH SOLE 281665 Columbia Int'l Growth Fund EF 300722600 251 13348.026SH SOLE 13348.026 Columbia Select Large Cap Grow EF 300722683 328 29000.000SH SOLE 29000.000 IShares MSCI Japan ETF EF 464286848 187 15100.000SH SOLE 15100.000 El Paso Conv Pfd PFD 283678209 295 8100 SH SOLE 8100 Liquidia Technologies Series A PFD 100 30580 SH SOLE 30580 Pimco All Asset Instl 722005626 402 31859 SH SOLE 31859