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
AEVI GENOMIC MEDICINE INC COM 00835P105 288 155,000 SH   SOLE   155,000 0 0
AGILYSYS INC COM 00847J105 869 91,971 SH   SOLE   91,971 0 0
ALASKA COMMUNICATIONS SYS GR COM 01167P101 2,274 1,229,084 SH   SOLE   1,229,084 0 0
ALLIANCE ONE INTL INC COM NEW 018772301 1,752 136,334 SH   SOLE   136,334 0 0
ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 455 19,900 SH   SOLE   19,900 0 0
ALPHATEC HOLDINGS INC COM NEW 02081G201 235 100,819 SH   SOLE   100,819 0 0
AMCON DISTRG CO COM NEW 02341Q205 774 7,814 SH   SOLE   7,814 0 0
AMPCO-PITTSBURGH CORP COM 032037103 1,600 113,891 SH   SOLE   113,891 0 0
AXALTA COATING SYS LTD COM G0750C108 889 27,600 SH   SOLE   27,600 0 0
BANK AMER CORP COM 060505104 2,175 92,209 SH   SOLE   92,209 0 0
BERRY PLASTICS GROUP INC COM 08579W103 19,285 397,046 SH   SOLE   397,046 0 0
C D I CORP COM 125071100 636 74,335 SH   SOLE   74,335 0 0
CABOT MICROELECTRONICS CORP COM 12709P103 896 11,700 SH   SOLE   11,700 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 8,043 568,385 SH   SOLE   568,385 0 0
CENVEO INC COM NEW 15670S402 428 85,295 SH   SOLE   85,295 0 0
CIBER INC COM 17163B102 517 1,291,924 SH   SOLE   1,291,924 0 0
CIVEO CORP CDA COM 17878Y108 1,536 513,845 SH   SOLE   513,845 0 0
COMPUTER TASK GROUP INC COM 205477102 647 117,202 SH   SOLE   117,202 0 0
COMSCORE INC COM 20564W105 648 30,000 SH   SOLE   30,000 0 0
CONDUENT INC COM 206787103 1,106 65,937 SH   SOLE   65,937 0 0
CRAWFORD & CO CL B 224633107 2,597 258,878 SH   SOLE   258,878 0 0
CROCS INC COM 227046109 1,161 164,154 SH   SOLE   164,154 0 0
DAWSON GEOPHYSICAL CO NEW COM 239360100 1,144 205,689 SH   SOLE   205,689 0 0
DESTINATION MATERNITY CORP COM 25065D100 103 24,232 SH   SOLE   24,232 0 0
DMC GLOBAL INC COM 23291C103 3,035 244,721 SH   SOLE   244,721 0 0
DXP ENTERPRISES INC NEW COM NEW 233377407 283 7,474 SH   SOLE   7,474 0 0
EZCORP INC CL A NON VTG 302301106 4,880 598,785 SH   SOLE   598,785 0 0
ECOLOGY & ENVIRONMENT INC CL A 278878103 529 52,836 SH   SOLE   52,836 0 0
ENGLOBAL CORP COM 293306106 1,508 814,999 SH   SOLE   814,999 0 0
EVOLVING SYS INC COM NEW 30049R209 1,114 229,752 SH   SOLE   229,752 0 0
EXACTECH INC COM 30064E109 990 39,272 SH   SOLE   39,272 0 0
FANHUA INC SPONSORED ADR 30712A103 515 59,729 SH   SOLE   59,729 0 0
FIVE STAR SENIOR LIVING INC COM 33832D106 443 206,154 SH   SOLE   206,154 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 4,040 508,166 SH   SOLE   508,166 0 0
FOSTER L B CO COM 350060109 2,691 215,284 SH   SOLE   215,284 0 0
FREIGHTCAR AMER INC COM 357023100 243 19,400 SH   SOLE   19,400 0 0
FRIEDMAN INDS INC COM 358435105 692 107,271 SH   SOLE   107,271 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 2,177 121,256 SH   SOLE   121,256 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 1,845 113,693 SH   SOLE   113,693 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 848 65,900 SH   SOLE   65,900 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 2,139 534,815 SH   SOLE   534,815 0 0
GUIDANCE SOFTWARE INC COM 401692108 1,350 228,813 SH   SOLE   228,813 0 0
GULF ISLAND FABRICATION INC COM 402307102 1,957 169,415 SH   SOLE   169,415 0 0
HILL INTERNATIONAL INC COM 431466101 1,722 414,829 SH   SOLE   414,829 0 0
HOUSTON WIRE & CABLE CO COM 44244K109 2,972 440,302 SH   SOLE   440,302 0 0
HUDSON GLOBAL INC COM 443787106 898 712,313 SH   SOLE   712,313 0 0
I D SYSTEMS INC COM 449489103 167 26,385 SH   SOLE   26,385 0 0
INFUSYSTEM HLDGS INC COM 45685K102 1,028 446,753 SH   SOLE   446,753 0 0
JPMORGAN CHASE & CO COM 46625H100 1,019 11,600 SH   SOLE   11,600 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 1,751 75,792 SH   SOLE   75,792 0 0
KKR & CO L P DEL COM UNITS 48248M102 2,001 109,780 SH   SOLE   109,780 0 0
LANDAUER INC COM 51476K103 775 15,900 SH   SOLE   15,900 0 0
LAYNE CHRISTENSEN CO COM 521050104 2,195 248,285 SH   SOLE   248,285 0 0
LINCOLN EDL SVCS CORP COM 533535100 3,314 1,179,469 SH   SOLE   1,179,469 0 0
LIQUIDITY SERVICES INC COM 53635B107 166 20,692 SH   SOLE   20,692 0 0
LUXFER HLDGS PLC SPONSORED ADR 550678106 1,043 85,781 SH   SOLE   85,781 0 0
MASTEC INC COM 576323109 4,792 119,656 SH   SOLE   119,656 0 0
MFC BANCORP LTD COM 55278T105 1,106 621,104 SH   SOLE   621,104 0 0
MITCHAM INDS INC COM 606501104 1,588 324,123 SH   SOLE   324,123 0 0
MORGAN STANLEY COM NEW 617446448 1,110 25,900 SH   SOLE   25,900 0 0
NATUZZI S P A ADR 63905A101 1,024 356,153 SH   SOLE   356,153 0 0
NCI INC CL A 62886K104 1,664 110,556 SH   SOLE   110,556 0 0
NICHOLAS FINANCIAL INC COM NEW 65373J209 606 57,003 SH   SOLE   57,003 0 0
NORTHERN TECH INTL CORP COM 665809109 1,191 65,255 SH   SOLE   65,255 0 0
ORION GROUP HOLDINGS INC COM 68628V308 1,858 248,755 SH   SOLE   248,755 0 0
OWENS RLTY MTG INC COM 690828108 918 51,594 SH   SOLE   51,594 0 0
PC-TEL INC COM 69325Q105 1,092 153,365 SH   SOLE   153,365 0 0
PERFORMANT FINL CORP COM 71377E105 3,193 1,089,646 SH   SOLE   1,089,646 0 0
POINTER TELOCATION LTD SHS M7946T104 704 79,525 SH   SOLE   79,525 0 0
PREFORMED LINE PRODS CO COM 740444104 1,609 30,859 SH   SOLE   30,859 0 0
PRGX GLOBAL INC COM NEW 69357C503 2,514 392,792 SH   SOLE   392,792 0 0
QUANTA SVCS INC COM 74762E102 1,306 35,200 SH   SOLE   35,200 0 0
RADIANT LOGISTICS INC COM 75025X100 5,766 1,153,153 SH   SOLE   1,153,153 0 0
ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 1,030 149,940 SH   SOLE   149,940 0 0
ROCKY BRANDS INC COM 774515100 2,483 215,015 SH   SOLE   215,015 0 0
RTI SURGICAL INC COM 74975N105 2,392 598,036 SH   SOLE   598,036 0 0
SHORETEL INC COM 825211105 1,750 284,479 SH   SOLE   284,479 0 0
SIFCO INDS INC COM 826546103 1,464 180,727 SH   SOLE   180,727 0 0
SPX FLOW INC COM 78469X107 413 11,900 SH   SOLE   11,900 0 0
STERLING CONSTRUCTION CO INC COM 859241101 10,357 1,119,638 SH   SOLE   1,119,638 0 0
SYNALLOY CP DEL COM 871565107 1,964 160,345 SH   SOLE   160,345 0 0
TANDY LEATHER FACTORY INC COM 87538X105 158 19,324 SH   SOLE   19,324 0 0
TEAM INC COM 878155100 675 24,948 SH   SOLE   24,948 0 0
TECHTARGET INC COM 87874R100 523 57,874 SH   SOLE   57,874 0 0
THESTREET INC COM 88368Q103 416 547,549 SH   SOLE   547,549 0 0
TRINITY BIOTECH PLC SPON ADR NEW 896438306 5,207 873,594 SH   SOLE   873,594 0 0
UFP TECHNOLOGIES INC COM 902673102 817 31,528 SH   SOLE   31,528 0 0
UNIVERSAL STAINLESS & ALLOY COM 913837100 3,007 176,855 SH   SOLE   176,855 0 0
UNIVERSAL TECHNICAL INST INC COM 913915104 1,854 537,397 SH   SOLE   537,397 0 0
VALSPAR CORP COM 920355104 1,724 15,536 SH   SOLE   15,536 0 0
VERITIV CORP COM 923454102 1,080 20,840 SH   SOLE   20,840 0 0
VIAD CORP COM NEW 92552R406 2,630 58,185 SH   SOLE   58,185 0 0
WAYSIDE TECHNOLOGY GROUP INC COM 946760105 524 27,856 SH   SOLE   27,856 0 0