13F-HR 1 r13f-1201.txt GRACE & WHITE, INC. 12/31/01 13FHR SEC13F4Q2001 UNTIED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 205049 FORM 13F FORM13F COVER PAGE REPORT FOR THE QUARTER ENDED DECEMBER 31,2001 INSTITUTIONAL INVESTMENT MANAGER FILING THE REPORT: GRACE & WHITE, INC. 515 MADISON AVE. SUITE 1700 NEW YORK, N.Y.10022 13F FILE NUMBER 4Q2001.TXT 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 the Report on Behalf of Reporting Manager: MARC E. RAVITZ, CFA VICE PRESIDENT 212-935-5990 S/MARC E. RAVITZ NY, NY 1/16/02 13F HOLDINGS REPORT I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCANGE ACT OF 1934. GRACE & WHITE, INC. FORM 13F SUMMARY PAGE AS OF DATE: 12/31/01 REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 160 FORM 13F INFORMATION TABLE VALUE TOTAL: $217,353,000 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME GRACE & WHITE, INC. FORM 13F INFORMATION TABLE AS OF DATE: 12/31/01 VALUE SHARES/ SH/ PUT/ INVSTMT VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN SOLE NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ADVANCED MARKETING SVCS INC COM 00753T105 19977 1094629 SH SOLE 232700 861929 ADVANCED MARKETING SVCS INC COM 00753T105 2434 133387 SH OTHER 0 133387 AIOI INSURANCE CO LTD SHS FOREIGN COMMON S J00607101 343 210182 SH SOLE 69282 140900 ALICO LAND DEV CO COM 016230104 1069 34100 SH SOLE 11000 23100 ALLIANT CORP COM COM 018802108 3314 109168 SH SOLE 18972 90196 ALTERNATIVE RES CORP COM COM 02145R102 41 78000 SH SOLE 77000 1000 AMERICAN HOME PRODS CORP COM 026609107 221 3600 SH SOLE 0 3600 AMERICAN PHYSICIANS CAP INC CO COM 028884104 544 25000 SH SOLE 2900 22100 AMERICAN PWR CONVERSION CORPCO COM 029066107 1468 101500 SH SOLE 21700 79800 AMERICAN WOODMARK CORP COM COM 030506109 5461 101600 SH SOLE 31700 69900 ANDERSEN GROUP COM 033501107 1505 120363 SH SOLE 124 120239 ANDERSEN GROUP INC CV 10.5% 10 CONVERTIBLE BOND 033501AB3 228 258000 PRN SOLE 82000 176000 APPLIED INDL TECHNLGIES INC CO COM 03820C105 2839 152200 SH SOLE 33300 118900 APPLIEDTHEORY CORP COM COM 03828R104 123 771600 SH SOLE 771300 300 APPLIEDTHEORY CORP COM COM 03828R104 0 900 SH OTHER 0 900 ARACRUZ CELULOSE ADR SP REP CL COM 038496204 191 10500 SH SOLE 10500 0 ASIA FINANCIAL HOLDINGS HK FOREIGN COMMON S 6057754 544 3602577 SH SOLE 1472577 2130000 ATMOS ENERGY CORP COM COM 049560105 1264 59500 SH SOLE 12400 47100 BANG & OULFSEN COM 006104720 985 42000 SH SOLE 12000 30000 BANYAN STRATEGIC RLTY TR SH BE COM 06683M102 84 112000 SH SOLE 0 112000 BASSETT FURNITURE INDS INC COM COM 070203104 4494 320800 SH SOLE 111700 209100 BASSETT FURNITURE INDS INC COM COM 070203104 71 5100 SH OTHER 0 5100 BERKLEY W R CORP COM COM 084423102 666 12400 SH SOLE 1000 11400 BP AMOCO ADS COM 055622104 1150 24722 SH SOLE 2350 22372 BP PLC-ORDINARY FOREIGN COMMON S 0 122 13380 SH SOLE 0 13380 BRISTOL MYERS SQUIBB CO COM 110122108 4644 91060 SH SOLE 51200 39860 CALLAWAY GOLF CO COM COM 131193104 1005 52500 SH SOLE 0 52500 CASTLE A M & CO COM 148411101 1683 205202 SH SOLE 64200 141002 CATELLUS DEV CORP COM COM 149111106 3469 188527 SH SOLE 33875 154652 CATELLUS DEV CORP COM COM 149111106 368 20000 SH OTHER 0 20000 CFS BANCORP INC COM COM 12525D102 2930 204200 SH SOLE 43100 161100 CFS BANCORP INC COM COM 12525D102 29 2000 SH OTHER 0 2000 COLONIAL INTERMKT INCOME TR CO COM 195762109 500 60500 SH SOLE 3000 57500 CONSOLIDATED TOMOKA LD CO COM COM 210226106 901 45300 SH SOLE 10500 34800 CORN PRODS INTL INC COM COM 219023108 1963 55700 SH SOLE 7100 48600 CROSS A T CO CL A COM 227478104 903 153100 SH SOLE 20100 133000 CYBEX INTL INC COM COM 23252E106 1185 633500 SH SOLE 197800 435700 CYBEX INTL INC COM COM 23252E106 24 12800 SH OTHER 0 12800 DAWSON GEOPHYSICAL CO COM COM 239359102 1192 153800 SH SOLE 25900 127900 DEL GLBL TECHNOLOGIES CORP COM COM 245073101 76 29100 SH SOLE 9300 19800 DEUTSCHE TELEKOM AG ADR SPONSO COM 251566105 188 11127 SH SOLE 0 11127 ELECTRONICS FOR IMAGING INC CO COM 286082102 2289 102600 SH SOLE 17600 85000 EMC INS GROUP INC COM 268664109 2800 163266 SH SOLE 6100 157166 EMC INS GROUP INC COM 268664109 77 4500 SH OTHER 0 4500 EVEREST RE GROUP COM G3223R108 1562 22100 SH SOLE 7200 14900 EXXON MOBIL CORPORATION COM 30231G102 832 21182 SH SOLE 2006 19176 FAB INDS INC COM COM 302747100 2397 131700 SH SOLE 51000 80700 FLEMING COS INC COM 339130106 285 15424 SH SOLE 6300 9124 FOREST CITY ENTERPRISES CLASS COM 345550107 1428 36897 SH SOLE 2142 34755 FOREST CITY ENTERPRISES CLASS COM 345550107 784 20250 SH OTHER 0 20250 FOREST CITY ENTERPRISES CLASS COM 345550305 2860 73050 SH SOLE 19095 53955 FOREST CITY ENTERPRISES CLASS COM 345550305 352 9000 SH OTHER 0 9000 FORT DEARBORN INC SECS COM 347200107 192 12800 SH SOLE 0 12800 FRESENIUS MEDICAL CARE PFD D PREFERRED STOCKS 358030203 0 11188 SH SOLE 0 11188 FRIEDMAN INDS INC COM 358435105 194 81022 SH SOLE 22540 58482 GENERAL ELEC CO COM 369604103 1689 42145 SH SOLE 0 42145 GLATFELTER P H CO COM COM 377316104 157 10080 SH SOLE 0 10080 GLOBAL-TECH APPLIANCES INC ORD COM G39320109 57 11000 SH SOLE 11000 0 GORMAN RUPP CO COM 383082104 5555 206520 SH SOLE 64509 142011 GORMAN RUPP CO COM 383082104 38 1400 SH OTHER 0 1400 GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 2735 1051900 SH SOLE 281000 770900 GUNDLE/SLT ENVIRONMENTAL INCCO COM 402809107 5 2000 SH OTHER 0 2000 H & Q LIFE SCIENCES INVS SH BE COM 404053100 338 15732 SH SOLE 10429 5303 H & Q LIFE SCIENCES INVS SH BE COM 404053100 43 1989 SH OTHER 0 1989 HANCOCK JOHN FINL SVCS INC COM COM 41014S106 207 5000 SH SOLE 0 5000 HEALTHY PLANET PRODS INC COM COM 42221N104 6 43300 SH SOLE 12900 30400 HELMERICH & PAYNE INC COM 423452101 1218 36500 SH SOLE 11500 25000 HOLMEN AB-B SHS FOREIGN COMMON S 614052 1182 52000 SH SOLE 15100 36900 HUGOTON RTY TR TEX UNIT BEN IN COM 444717102 2426 237800 SH SOLE 54700 183100 IEC ELECTRS CORP NEW COM COM 44949L105 246 615600 SH SOLE 194800 420800 IREGENT GROUP LTD (HK) FOREIGN COMMON S 0 53 5288929 SH SOLE 0 5288929 KIMCO RLTY CORP COM COM 49446R109 2830 86583 SH SOLE 3000 83583 KNIGHTSBRIDGE TANKERS LTD SHS COM G5299G106 1141 70900 SH SOLE 17400 53500 LASALLE RE HLDGS LTD PFD A PREFERRED STOCKS G5383Q119 322 14300 SH SOLE 3200 11100 LECHTERS CV 5% 9/27/08 CONVERTIBLE BOND XS0033749 4 425000 PRN SOLE 35000 390000 LECHTERS INC COM COM 523238103 0 128300 SH SOLE 15000 113300 LIBERTY HOMES INC CL A COM 530582204 213 39000 SH SOLE 13000 26000 LIBERTY HOMES INC CL B COM 530582303 359 62600 SH SOLE 1800 60800 LIBERTY HOMES INC CL B COM 530582303 57 10000 SH OTHER 0 10000 LUBYS CAFETERIAS INC COM COM 549282101 616 107900 SH SOLE 49700 58200 LUFKIN INDS INC COM COM 549764108 4125 153900 SH SOLE 43400 110500 LYDALL INC COM COM 550819106 195 19500 SH SOLE 5700 13800 MADISON GAS & ELEC CO COM 557497104 1871 70743 SH SOLE 8750 61993 MAX RE CAPITAL LTD SHS COM G6052F103 1257 80300 SH SOLE 11300 69000 MCLEODUSA INC COM COM 582266102 20 54000 SH SOLE 54000 0 MERCHANTS GROUP INC COM COM 588539106 971 42300 SH SOLE 17300 25000 MERCK & CO INC COM 589331107 1496 25434 SH SOLE 6000 19434 MGI PROPERTIES COM 552885105 6 17800 SH SOLE 1100 16700 MICROSOFT CORP COM COM 594918104 212 3200 SH SOLE 0 3200 MIIX GROUP INC COM COM 59862V104 2708 222000 SH SOLE 39800 182200 MITSUI SUMITOMO INSURANCE FOREIGN COMMON S 388820007 1871 406835 SH SOLE 205827 201008 MTS SYS CORP COM COM 553777103 1747 172800 SH SOLE 35700 137100 MUELLER PAUL CO COM 624752101 952 33637 SH SOLE 1700 31937 NATURAL WONDERS INC COM COM 639014109 0 11000 SH SOLE 0 11000 NIPPONKOA INSURANCE CO LTD FOREIGN COMMON S 6643380 484 127458 SH SOLE 72000 55458 NOCOPI TECHNOLOGIES INC COM PA COM 655212207 3 30000 SH SOLE 30000 0 NUCOR CORP COM 670346105 8520 160880 SH SOLE 43180 117700 OCEANFIRST FINL CORP COM COM 675234108 701 29000 SH SOLE 6600 22400 OHIO CASUALTY CORP COM 677240103 433 26950 SH SOLE 6500 20450 OILGEAR CO COM 678042102 134 15756 SH SOLE 7206 8550 OMI CORP COM COM Y6476W104 60 15000 SH SOLE 15000 0 OMI CORP COM COM Y6476W104 21 5400 SH OTHER 0 5400 OREGON TRAIL FINL CORP COM COM 685932105 1235 70376 SH SOLE 37000 33376 OXFORD INDS INC COM COM 691497309 4656 197300 SH SOLE 66500 130800 OXFORD INDS INC COM COM 691497309 28 1200 SH OTHER 0 1200 PATTERSON-UTI ENERGY INC COM COM 703481101 3035 130200 SH SOLE 21700 108500 PEPSICO INC COM 713448108 701 14400 SH SOLE 3600 10800 PHOENIX COS INC NEW COM COM 71902E109 938 50700 SH SOLE 5200 45500 PHOENIX TECHNOLOGIES LTD COM 719153108 2102 180600 SH SOLE 14000 166600 PHOENIX TECHNOLOGIES LTD COM 719153108 343 29500 SH OTHER 0 29500 PULASKI BANCORP INC COM COM 745357103 719 28400 SH SOLE 13500 14900 PXRE GROUP LTD COM COM G73018106 3350 189900 SH SOLE 6500 183400 RCN CORP COM COM 749361101 48 16500 SH SOLE 13000 3500 READ-RITE CORP COM COM 755246105 1043 157732 SH SOLE 28314 129418 REGIONS FINL CORP COM COM 758940100 310 10359 SH SOLE 0 10359 ROCHE HLDGS AG-GENUSS FOREIGN COMMON S 0 400 5700 SH SOLE 0 5700 ROYCE FOCUS TR INC COM MUTUAL FUNDS 78080N108 266 39998 SH SOLE 26857 13141 ROYCE FOCUS TR INC COM MUTUAL FUNDS 78080N108 11 1676 SH OTHER 0 1676 ROYCE OTC MICRO-CAP FD INC COM COM 780915104 309 29415 SH SOLE 21682 7733 ROYCE OTC MICRO-CAP FD INC COM COM 780915104 26 2460 SH OTHER 0 2460 RUSS BERRIE & CO INC COM 782233100 7768 258929 SH SOLE 57979 200950 RUSS BERRIE & CO INC COM 782233100 489 16300 SH OTHER 0 16300 SAFECO CORP COM 786429100 1243 39913 SH SOLE 14700 25213 SCHULMAN A INC COM COM 808194104 640 46900 SH SOLE 14000 32900 SMUCKER J M CO COM COM 832696306 315 8900 SH SOLE 1400 7500 SPHERE DRAKE CONTIN RT WARRANT AND RIGH 007SPHERE 8 168700 SH SOLE 33500 135200 SPHERE DRAKE CONTIN RT WARRANT AND RIGH 007SPHERE 2 30000 SH OTHER 0 30000 STATE AUTO FINL CORP COM 855707105 3339 205600 SH SOLE 38100 167500 STATE AUTO FINL CORP COM 855707105 585 36000 SH OTHER 0 36000 STEPAN CHEMICAL CO COM 858586100 4708 193900 SH SOLE 40900 153000 STEPAN CHEMICAL CO COM 858586100 415 17100 SH OTHER 0 17100 STILWELL FINL INC COM COM 860831106 354 13000 SH SOLE 0 13000 STRIDE RITE CORP COM COM 863314100 4911 749800 SH SOLE 245100 504700 STRIDE RITE CORP COM COM 863314100 243 37100 SH OTHER 0 37100 SUNOCO INC COM COM 86764P109 2950 79001 SH SOLE 24509 54492 TEMPLETON EMERGING MKTS INCMCO MUTUAL FUNDS 880192109 1198 112350 SH SOLE 19100 93250 TEREX CORP NEW COM COM 880779103 381 21728 SH SOLE 8768 12960 THISTLE GROUP HLDGS CO COM COM 88431E103 360 36700 SH SOLE 25700 11000 TOKIO MARINE & FIRE INS LTD AD FOREIGN COMMON S 889090403 480 13104 SH SOLE 0 13104 TOYS R US INC COM COM 892335100 2893 139500 SH SOLE 20500 119000 TOYS R US INC COM COM 892335100 187 9000 SH OTHER 0 9000 TRENWICK GROUP LTD COM G9032C109 1007 98974 SH SOLE 10999 87975 TRENWICK GROUP LTD COM G9032C109 5 466 SH OTHER 0 466 U S LIME & MINERALS INC COM COM 911922102 1251 220991 SH SOLE 3000 217991 UNITED PAN-EUROPE COMMUNICATAD COM 911300200 18 35000 SH SOLE 35000 0 UNITED PARCEL SVC INC CL B COM 911312106 5463 100240 SH SOLE 0 100240 UNITEDGLOBALCOM CL A COM 913247508 75 15000 SH SOLE 15000 0 UNUMPROVIDENT CORP COM 91529Y106 3133 118178 SH SOLE 16800 101378 UNUMPROVIDENT CORP COM 91529Y106 344 12994 SH OTHER 0 12994 URSTADT BIDDLE PPTYS INC CL A COM 917286205 3201 311400 SH SOLE 71560 239840 URSTADT BIDDLE PPTYS INC CL A COM 917286205 21 2000 SH OTHER 0 2000 URSTADT BIDDLE PPTYS INC COM COM 917286106 3851 361600 SH SOLE 86060 275540 URSTADT BIDDLE PPTYS INC COM COM 917286106 21 2000 SH OTHER 0 2000 USA TRUCK INC COM COM 902925106 1826 166800 SH SOLE 20000 146800 VECTRON CORP COM COM 92240G101 2979 124216 SH SOLE 33255 90961 WASHINGTON BKG CO OAK HBR WACO COM 937303105 109 11500 SH SOLE 11500 0 WEST PHARMACEUTICAL SVCS INCCO COM 955306105 950 35720 SH SOLE 8090 27630 WESTVACO CORP COM 961548104 4155 146050 SH SOLE 36400 109650 WESTVACO CORP COM 961548104 156 5500 SH OTHER 0 5500 ZIMMER HLDGS INC COM COM 98956P102 265 8668 SH SOLE 5120 3548 LINE COUNT: 160