13F-HR 1 inftable410.txt COVER PAGE, INFORMATION TABLE & SUMMARY PAGE FORM 13F FORM 13F COVER PAGE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report for the Calendar Year or Quarter Ended: 03-31-2012 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: AMBS Investment Counsel, LLC Address: 625 Kenmoor SE Suite 307 Grand Rapids, MI 49546 13F File Number: 028-03412 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 here in 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: Kathleen A. Maciejewski Title: Chief Compliance Officer Phone: 616-949-8160 Signature, Place, and Date of Signing: Kathleen A. Maciejewski, Grand Rapids, MI, 04-25-2012 Report Type (Check only one): [x] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: NONE 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M Co. COM 88579Y101 7656 85825.000SH SOLE 75615.000 10210.000 AT&T COM 00206R102 7594 243175.000SH SOLE 215417.000 27758.000 Abbott Laboratories COM 002824100 7800 127270.000SH SOLE 112675.000 14595.000 Abraxas Petroleum Corp. COM 003830106 78 25000.000SH SOLE 25000.000 Aecom Technology Corp. COM 00766T100 6044 270175.000SH SOLE 242015.000 28160.000 Aflac, Inc. COM 001055102 4589 99780.000SH SOLE 89780.000 10000.000 Alexco Resource Corp. COM 01535P106 105 15000.000SH SOLE 15000.000 Anadarko Petroleum Corp. COM 032511107 6230 79519.000SH SOLE 70814.000 8705.000 Apache Corp. COM 037411105 4473 44530.000SH SOLE 39205.000 5325.000 Apple Computer Inc. COM 037833100 209 348.000 SH SOLE 348.000 Bank of America Corp. COM 060505104 3680 384556.000SH SOLE 354981.000 29575.000 Bard, C.R. COM 067383109 292 2958.000 SH SOLE 2958.000 Barrick Gold Corp. COM 067901108 3745 86135.000SH SOLE 74910.000 11225.000 Bemis Co COM 081437105 4995 154705.000SH SOLE 138710.000 15995.000 Berkshire Hathaway Cl B COM 084670207 477 5882.000 SH SOLE 2100.000 3782.000 Capital One Financial Corp. COM 14040H105 7712 138355.000SH SOLE 125230.000 13125.000 Chevron Corp. COM 166764100 7747 72260.000SH SOLE 65870.000 6390.000 Cisco Systems Inc. COM 17275R102 10015 473545.000SH SOLE 423945.000 49600.000 Claude Resources, Inc. COM 182873109 16 15000.000SH SOLE 15000.000 Coca-Cola Company COM 191216100 3833 51795.000SH SOLE 36905.000 14890.000 Colgate Palmolive COM 194162103 506 5175.000 SH SOLE 3975.000 1200.000 Comerica Inc COM 200340107 210 6500.000 SH SOLE 6500.000 Conagra Foods Inc. COM 205887102 6067 231025.000SH SOLE 207340.000 23685.000 Dejour Enterprise Ltd. COM 24486R103 26 75000.000SH SOLE 75000.000 Denison Mines Corp. COM 248356107 15 10000.000SH SOLE 10000.000 Disney Co COM 254687106 201 4600.000 SH SOLE 4600.000 Dow Chemical COM 260543103 8375 241770.000SH SOLE 215555.000 26215.000 Doxa Energy Ltd. COM 261223101 2 20000.000SH SOLE 20000.000 Dupont COM 263534109 252 4760.000 SH SOLE 2060.000 2700.000 Dynacor Gold Mines, Inc. COM 26779X101 7 10000.000SH SOLE 10000.000 EMC Corp. COM 268648102 4242 141980.000SH SOLE 114460.000 27520.000 EV Energy Partner LP COM 26926V107 209 3000.000 SH SOLE 3000.000 Emerson Electric Company COM 291011104 250 4800.000 SH SOLE 4800.000 Encanto Potash Corp. COM 29251N104 10 30000.000SH SOLE 30000.000 Endeavour Silver Corp. COM 29258Y103 190 20000.000SH SOLE 20000.000 Enterprise Products Prtns LP COM 293792107 327 6474.000 SH SOLE 1860.000 4614.000 Exxon Mobil Corp. COM 30231G102 2167 24982.000SH SOLE 13970.000 11012.000 FedEx Corp. COM 31428X106 7619 82850.000SH SOLE 73925.000 8925.000 Fire River Gold Corp. COM 31811Q106 2 10000.000SH SOLE 10000.000 General Electric COM 369604103 6533 325508.868SH SOLE 286698.868 38810.000 Gilead Sciences, Inc. COM 375558103 4106 84040.000SH SOLE 80215.000 3825.000 Goldcorp, Inc. COM 380956409 969 21500.000SH SOLE 21500.000 Golden Phoenix Minerals, Inc. COM 381149103 2 50000.000SH SOLE 50000.000 Grainger W.W. COM 384802104 838 3900.000 SH SOLE 3900.000 Great Panther Silver Ltd. COM 39115V101 45 20000.000SH SOLE 20000.000 H.J. Heinz COM 423074103 233 4350.000 SH SOLE 4350.000 Hecla Mining Co. COM 422704106 92 20000.000SH SOLE 20000.000 Hewlett Packard Company COM 428236103 4410 185048.000SH SOLE 165448.000 19600.000 Honeywell International, Inc. COM 438516106 287 4700.000 SH SOLE 4700.000 IBM COM 459200101 4559 21850.000SH SOLE 17785.000 4065.000 Intel Corp. COM 458140100 7850 279207.000SH SOLE 248377.000 30830.000 JPMorgan Chase & Co. COM 46625H100 8844 192341.000SH SOLE 170461.000 21880.000 Johnson & Johnson COM 478160104 223 3375.000 SH SOLE 650.000 2725.000 Kaminak Gold Corp. COM 48356P202 22 10000.000SH SOLE 10000.000 Kellogg Company COM 487836108 229 4267.000 SH SOLE 2467.000 1800.000 Keycorp New COM 493267108 4999 588140.000SH SOLE 523690.000 64450.000 Kodiak Oil & Gas Corp. COM 50015Q100 169 17000.000SH SOLE 17000.000 Kohl's Corp. COM 500255104 7271 145335.000SH SOLE 129685.000 15650.000 Majescor Resources Inc. COM 760960203 10 50000.000SH SOLE 50000.000 MarkWest Energy Partners, LP COM 570759100 351 6000.000 SH SOLE 6000.000 Marsh & McLennan COM 571748102 4258 129845.000SH SOLE 123045.000 6800.000 Mart Resources, Inc. COM 572903102 15 15000.000SH SOLE 15000.000 McDonalds Corp. COM 580135101 876 8925.000 SH SOLE 4725.000 4200.000 Merck & Company COM 58933Y105 305 7935.000 SH SOLE 1135.000 6800.000 Microsoft Corp. COM 594918104 461 14285.000SH SOLE 2395.000 11890.000 Morgan Stanley COM 617446448 3921 199645.000SH SOLE 178870.000 20775.000 Mylan Inc. COM 628530107 8791 374865.000SH SOLE 333525.000 41340.000 New Gold Inc. COM 644535106 119 12000.000SH SOLE 12000.000 Newmont Mining Corp. COM 651639106 1704 33234.000SH SOLE 26544.000 6690.000 Oculus Innovative Sciences Inc COM 67575P108 20 15000.000SH SOLE 15000.000 Oracle Corp. COM 68389X105 8035 275545.000SH SOLE 246455.000 29090.000 Parker Hannifin Corp. COM 701094104 5825 68893.000SH SOLE 61331.000 7562.000 Pfizer COM 717081103 564 24915.000SH SOLE 2975.000 21940.000 Prophecy Coal Corp. COM 74345B104 34 80000.000SH SOLE 80000.000 Prophecy Platinum Corp. COM 74345Y104 38 13000.000SH SOLE 13000.000 Royal Dutch Shell PLC - Class COM 780259206 589 8400.000 SH SOLE 8400.000 Royal Dutch Shell PLC Cl B-ADR COM 780259107 7390 104627.995SH SOLE 92440.995 12187.000 Rye Patch Gold Corp COM 783727100 10 15000.000SH SOLE 15000.000 Sandstrom Gold Ltd. COM 80013R107 57 30000.000SH SOLE 30000.000 Seadrill Ltd. COM G7945E105 234 6230.000 SH SOLE 6230.000 Silver Wheaton Corp. COM 828336107 332 10000.000SH SOLE 10000.000 Silvercorp Metals Inc. COM 82835P103 186 27000.000SH SOLE 27000.000 Staples, Inc. COM 855030102 7299 450840.000SH SOLE 404500.000 46340.000 Star Gas Partners, L.P. COM 85512C105 41 10000.000SH SOLE 10000.000 Statoil ASA-Spon Adr COM 85771p102 247 9117.000 SH SOLE 5000.000 4117.000 Stryker Corp. COM 863667101 7082 127657.000SH SOLE 112947.000 14710.000 Symantec Corp. COM 871503108 3227 172570.000SH SOLE 144235.000 28335.000 Taseko Mines Ltd. COM 876511106 53 15000.000SH SOLE 15000.000 U.S. Bancorp COM 902973304 6584 207840.000SH SOLE 185525.000 22315.000 US Silver Corp. COM 90343P101 43 20000.000SH SOLE 20000.000 United Health Group Inc. COM 91324P102 7546 128030.000SH SOLE 115085.000 12945.000 Verizon Communications COM 92343V104 7833 204886.000SH SOLE 180881.000 24005.000 W.R. Berkley Corp. COM 084423102 3836 106210.000SH SOLE 100585.000 5625.000 WPX Energy Inc. COM 98212b103 463 25719.000SH SOLE 21187.000 4532.000 WalMart Stores COM 931142103 7342 119962.000SH SOLE 105932.000 14030.000 Williams Cos. Inc. COM 969457100 2383 77360.000SH SOLE 63750.000 13610.000
FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 96 Form 13F Information Table Value Total: $267,752