13F-HR 1 d72551_13fhr.txt HOLDING REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter June 30, 2007 Ended: -------------------- 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: Cannell Capital LLC ------------------------------------- Address: P.O. Box 3459 ------------------------------------- 240 E. Deloney Ave. ------------------------------------- Jackson, WY 83001 ------------------------------------- Form 13F File Number: 28- 6453 -------- 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: J. Carlo Cannell ------------------------------------- Title: Managing Member ------------------------------------- Phone: 415-835-8300 ------------------------------------- Signature, Place, and Date of Signing: /s/ J. Carlo Cannell Jackson, WY 08/15/2007 ------------------------ ------------------------- ---------- [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).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------- Form 13F Information Table Entry 93 Total: -------------- Form 13F Information Table value $ 1,080,866 Total: -------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(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.] NONE
-------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------------------------------------------------------------------------------------------------------------------------------- TITLE OF CUSIP VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE -------------------------------------------------------------------------------------------------------------------------------- ACME UNITED CORP CMN COMMON 004816104 3,077 205,100 SH SOLE 205,100 - ACUITY BRANDS INC CMN COMMON 00508y102 19,078 316,491 SH SOLE 240,932 75,559 AECOM TECHNOLOGY CORPORATION C COMMON 00766t100 3,101 125,000 SH SOLE 125,000 - ALTRA HOLDINGS, INC. CMN COMMON 02208r106 29,376 1,700,000 SH SOLE 1,192,623 507,377 AMERICAN RAILCAR INDS INC CMN COMMON 02916p103 16,883 432,900 SH SOLE 331,200 101,700 AMERON INTERNATIONAL CORP CMN COMMON 030710107 2,796 31,000 SH SOLE 31,000 - ANALYTICAL SURVEYS INC. CMN COMMON 032683401 10 65,000 SH SOLE 65,000 - ARCH CHEMICAL INC CMN COMMON 03937r102 2,636 75,000 SH SOLE 75,000 - ARCH COAL INC CMN COMMON 039380100 13,050 375,000 SH SOLE 285,600 89,400 AUDIBLE INC CMN COMMON 05069a302 4,631 459,386 SH SOLE 319,786 139,600 BALLY TOTAL FITNESS HOLDING CO COMMON 05873k108 19 40,000 SH SOLE 40,000 - CANTEL MEDICAL CORP. CMN COMMON 138098108 3,487 205,000 SH SOLE 205,000 - CARDIAC SCIENCE CORPORATION CM COMMON 14141a108 15,454 1,410,000 SH SOLE 990,141 419,859 CARRIAGE SERVICES, INC. CMN COMMON 143905107 2,613 316,300 SH SOLE 316,300 - CHANNELL COMMERCIAL CORP CMN COMMON 159186105 2,380 544,600 SH SOLE 544,600 - CHEMTURA CORP CMN COMMON 163893100 2,555 230,000 SH SOLE 230,000 - CITIZENS FIRST BANCORP INC DEL COMMON 17461r106 1,928 88,429 SH SOLE 88,429 - CLARCOR INC CMN COMMON 179895107 2,826 75,500 SH SOLE 75,500 - COMFORT SYSTEMS USA INC COMMON COMMON 199908104 43,958 3,100,000 SH SOLE 2,250,100 849,900 COMMERCIAL METALS CO CMN COMMON 201723103 8,949 265,000 SH SOLE 202,300 62,700 COST-U-LESS INC CMN COMMON 221492101 1,375 125,000 SH SOLE 125,000 - CROWN HOLDINGS INC CMN COMMON 228368106 55,184 2,210,000 SH SOLE 1,653,200 556,800 DRUGSTORE.COM INC CMN COMMON 262241102 18,892 6,920,000 SH SOLE 4,798,000 2,122,000 EASTERN INS HLDGS INC CMN COMMON 276534104 3,758 236,500 SH SOLE 236,500 - ENNIS INC CMN COMMON 293389102 18,346 780,000 SH SOLE 541,779 238,221 ENPRO INDUSTRIES, INC. CMN COMMON 29355x107 19,072 445,700 SH SOLE 339,600 106,100 EPOCH HOLDING CORP CMN COMMON 29428r103 775 57,900 SH SOLE 57,900 - ESPEED INC CMN CLASS A COMMON 296643109 16,416 1,900,000 SH SOLE 1,433,300 466,700 EV3 INC. CMN COMMON 26928a200 14,601 865,000 SH SOLE 603,300 261,700 FLOW INTERNATIONAL CORP CMN COMMON 343468104 15,143 1,201,863 SH SOLE 895,563 306,300 FUNDTECH LTD CMN COMMON m47095100 40,628 2,800,000 SH SOLE 2,180,617 619,383 GENERAL CABLE CORP CMN COMMON 369300108 45,071 595,000 SH SOLE 447,750 147,250 GERBER SCIENTIFIC INC CMN COMMON 373730100 1,604 138,000 SH SOLE 138,000 - GORMAN-RUPP CO CMN COMMON 383082104 2,068 64,900 SH SOLE 64,900 - GREAT LAKES DREDGE & DOCK CORP COMMON 390607109 337 35,500 SH SOLE - - GREENFIELD ONLINE, INC. CMN COMMON 395150105 28,081 1,765,000 SH SOLE 1,256,600 508,400 HANGER ORTHOPEDIC GROUP CMN COMMON 41043f208 7,463 691,000 SH SOLE 486,000 205,000 HAYNES INTERNATIONAL, INC. CMN COMMON 420877201 4,222 50,000 SH SOLE 38,100 11,900 HOOPER HOLMES INC CMN COMMON 439104100 10,050 3,000,000 SH SOLE 2,083,100 916,900 ICO INC (NEW) CMN COMMON 449293109 7,822 740,000 SH SOLE 740,000 - ICO INC DEP SHS REPSTG 1/4 PFD COMMON 449293307 1,983 69,590 SH SOLE 69,590 - IHS, INC. CMN CLASS A COMMON 451734107 26,220 570,000 SH SOLE 396,200 173,800 IKON OFFICE SOLUTIONS INC CMN COMMON 451713101 40,694 2,606,900 SH SOLE 2,145,417 461,483 INGERSOLL-RAND COMPANY CMN CLA COMMON g4776g101 35,359 645,000 SH SOLE 491,000 154,000 INSWEB CORPORATION COMMON 45809k202 863 114,000 SH SOLE - - INTERLINE BRANDS, INC. CMN COMMON 458743101 1,956 75,000 SH SOLE 75,000 - INTRAWARE INC COMMON 46118m509 295 61,768 SH SOLE - - LEE ENTERPRISES INC CMN COMMON 523768109 17,115 820,453 SH SOLE 614,753 205,700 LENNOX INTERNATIONAL INC CMN COMMON 526107107 35,257 1,030,000 SH SOLE 754,300 275,700 MERCER INS GROUP INC CMN COMMON 587902107 2,201 110,600 SH SOLE 110,600 - MET-PRO CORPORATION CMN COMMON 590876306 5,671 361,000 SH SOLE 361,000 - MFRI INC CMN COMMON 552721102 17,074 610,000 SH SOLE 610,000 - MILACRON INC CMN COMMON 598709301 4,522 518,000 SH SOLE 379,581 138,419 MOCON INC CMN COMMON 607494101 971 84,938 SH SOLE 84,938 - MOVIE STAR INC CMN COMMON 624591103 1,914 736,000 SH SOLE 736,000 - MRV COMMUNICATIONS INC CMN COMMON 553477100 975 300,000 SH SOLE 300,000 - MUELLER INDUSTRIES INC CMN COMMON 624756102 1,584 46,000 SH SOLE 46,000 - MVC CAPITAL INC CLOSED END FUN COMMON 553829102 58,533 3,111,800 SH SOLE 3,111,800 948,700 NATCO GROUP INC CMN CLASS A COMMON 63227w203 45,580 990,000 SH SOLE 756,280 233,720 NATIONAL DENTEX CORP CMN COMMON 63563h109 2,836 151,070 SH SOLE 151,070 - NATUS MEDICAL INC DEL CMN COMMON 639050103 17,512 1,100,000 SH SOLE 764,400 335,600 NEVADA CHEMICALS INC CMN COMMON 64127c107 1,239 118,127 SH SOLE 118,127 - NGAS RESOURCES, INC. CMN COMMON 62912t103 16,920 2,115,000 SH SOLE 1,469,500 645,500 NN INC COMMON 629337106 502 42,552 SH SOLE - - NORTHWEST PIPE COMPANY CMN COMMON 667746101 4,695 132,000 SH SOLE 132,000 - O I CORPORATION COMMON 670841105 315 23,000 SH SOLE - - OWENS CORNING CMN COMMON 690742101 9,921 295,000 SH SOLE 224,200 70,800 OWENS-ILLINOIS INC CMN COMMON 690768403 7,525 215,000 SH SOLE 151,100 63,900 PENTAIR INC CMN COMMON 709631105 2,237 58,000 SH SOLE 58,000 - PRIDE INTERNATIONAL INC CMN COMMON 74153q102 33,714 900,000 SH SOLE 688,600 211,400 PRIMEENERGY CORP COMMON 74158e104 916 16,068 SH SOLE - - QUADRAMED CORPORATION CMN COMMON 74730w101 3,189 1,045,600 SH SOLE 1,045,600 - QUALITY DISTRIBUTION INC CMN COMMON 74756m102 17,126 1,525,000 SH SOLE 1,058,896 466,104 REDHOOK ALE BREWERY INC CMN COMMON 757473103 519 65,200 SH SOLE 65,200 - RIGHTNOW TECHNOLOGIES, INC. CM COMMON 76657r106 1,736 105,767 SH SOLE 74,098 31,669 SAFEGUARD SCIENTIFICS CMN COMMON 786449108 892 317,500 SH SOLE 317,500 - SAIC, INC. CMN COMMON 78390x101 11,446 633,400 SH SOLE 479,100 154,300 SCHMITT INDS INC ORE CMN COMMON 806870200 1,692 178,865 SH SOLE 178,865 - SUPERIOR ESSEX INC CMN COMMON 86815v105 42,018 1,124,980 SH SOLE 830,069 294,911 SYMMETRY HOLDINGS INC. 1 UNT=1 COMMON 871545208 17,500 2,000,000 SH SOLE 1,388,000 612,000 SYNPLICITY INC CMN COMMON 87160y108 10,850 1,550,000 SH SOLE 1,077,500 472,500 T-3 ENERGY SERVICES INC CMN COMMON 87306e107 35,956 1,074,924 SH SOLE 750,624 324,300 THE TOPPS COMPANY INC CMN COMMON 890786106 7,252 690,000 SH SOLE 477,500 212,500 TWIN DISC INCORPORATION COMMON 901476101 827 11,500 SH SOLE - - U S PHYSICAL THERAPY INC COMMON 903371108 357 26,500 SH SOLE - - U.S. CONCRETE INC CMN COMMON 90333l102 25,025 2,879,700 SH SOLE 2,004,500 875,200 VALMONT INDUSTRIES INC CMN COMMON 920253101 2,910 40,000 SH SOLE 40,000 - VERI TEK INTL CORP COMMON 92342x101 540 68,000 SH SOLE - - WARNER CHILCOTT LIMITED CMN CL COMMON g9435n108 10,040 555,000 SH SOLE 421,900 133,100 WESTAFF INC COMMON 957070105 79 18,100 SH SOLE - - WILLDAN GROUP INC CMN COMMON 96924n100 2,522 255,000 SH SOLE 255,000 - WILLIAMS CONTROLS INC. CMN COMMON 969465608 1,502 85,900 SH SOLE 85,900 - XERIUM TECHNOLOGIES, INC COMMON 98416j100 80 10,500 SH SOLE - -