13F-HR/A 1 hr13f3q09rev.txt HR13F3Q09REV UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 09/30/09 Check here if Amendment |X|; Amendment Number: 1 This Amendment (Check only one.): |X| is a restatement. | | adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Ariel Investments, LLC Address: 200 E. Randolph Drive Suite 2900 Chicago, IL 60601 13F File Number: 28-04003 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: Wendy D. Fox Title: Vice President/Chief Compliance Officer Phone: 312-726-0140 Signature, Place, and Date of Signing: /s/ Wendy D. Fox Chicago, IL 11/24/09 ----------------------------------- ---------------- -------------------- Report Type (Check only one.): | | 13F HOLDINGS REPORT. |_| 13F NOTICE. |X| 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-06386 GW Capital Management, LLC FORM 13F SUMMARY PAGE AS OF DATE: 9/30/2009 REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 1 FORM 13F INFORMATION TABLE ENTRY TOTAL: 174 FORM 13F INFORMATION TABLE VALUE TOTAL: $4,513,902,869 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME 1 28-10561 AIC Investment Services, Inc.

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------ ----------------- --------- ----------- -------- --- ---- ---------- -------- -------- ------ ------ 21st Century Holding Co. COMMON 90136Q100 189,000 46825 SH SOLE 46825 0 0 Accenture plc COMMON G1151C101 71,789,000 1926190 SH SOLE 1825217 0 100973 Accenture plc COMMON G1151C101 11,918,946 319,800 SH OTHER 1 319,800 0 0 Adaptec, Inc. COMMON 00651F108 186,000 55615 SH SOLE 55615 0 0 Advanced Photonix, Inc. COMMON 00754E107 14,000 16400 SH SOLE 16400 0 0 Aflac Inc. COMMON 1055102 55,092,000 1289010 SH SOLE 1208115 0 80895 Aflac Inc. COMMON 1055102 9,142,086 213,900 SH OTHER 1 213,900 0 0 American Electric Technologies COMMON 25576109 259,000 110354 SH SOLE 110354 0 0 American Reprographics Co. COMMON 29263100 141,000 14765 SH SOLE 14765 0 0 Anixter International Inc. COMMON 35290105 122,992,000 3066378 SH SOLE 2940998 0 125380 Anixter International Inc. COMMON 35290105 363,798 9,070 SH OTHER 1 9,070 0 0 Apollo Group, Inc. COMMON 37604105 1,817,000 24660 SH SOLE 16360 0 8300 Apollo Group, Inc. COMMON 37604105 5,702,058 77,400 SH OTHER 1 77,400 0 0 ATS Medical, Inc. COMMON 2083103 436,000 162716 SH SOLE 162716 0 0 AuthenTec, Inc. COMMON 52660107 217,000 77615 SH SOLE 77615 0 0 Ballantyne Strong, Inc. COMMON 58516105 456,000 131278 SH SOLE 131278 0 0 Baxter International Inc. COMMON 71813109 37,139,000 651439 SH SOLE 628811 0 22628 Berkshire Hathaway Inc. COMMON 84670207 4,327,000 1302 SH SOLE 860 0 442 Berkshire Hathaway Inc. COMMON 84670207 12,574,232 3,784 SH OTHER 1 3,784 0 0 Bio-Rad Laboratories, Inc. COMMON 90572207 132,670,000 1443950 SH SOLE 1385094 0 58856 Bio-Rad Laboratories, Inc. COMMON 90572207 450,212 4,900 SH OTHER 1 4,900 0 0 Black & Decker Corp. COMMON 91797100 116,284,000 2512081 SH SOLE 2416766 0 95315 Black & Decker Corp. COMMON 91797100 332,825 7,190 SH OTHER 1 7,190 0 0 Blount International, Inc. COMMON 95180105 16,094,000 1699510 SH SOLE 1413760 0 285750 Blount International, Inc. COMMON 95180105 116,000 12205 SH OTHER 0 0 12205 Bob Evans Farms, Inc. COMMON 96761101 15,715,000 540774 SH SOLE 452699 0 88075 Brady Corp. COMMON 104674106 79,339,000 2762498 SH SOLE 2635198 0 127300 Brady Corp. COMMON 104674106 124,000 4305 SH OTHER 0 0 4305 Brady Corp. COMMON 104674106 423,476 14,745 SH OTHER 1 14,745 0 0 Carnival Corp. & plc COMMON 143658300 59,687,000 1793492 SH SOLE 1694834 0 98658 Carnival Corp. & plc COMMON 143658300 9,641,216 289,700 SH OTHER 1 289,700 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 151,468,000 12901844 SH SOLE 12376164 0 525680 CB Richard Ellis Group, Inc. COMMON 12497T101 478,992 40,800 SH OTHER 1 40,800 0 0 CBS Corp. COMMON 124857202 146,412,000 12150382 SH SOLE 11929095 0 221287 CBS Corp. COMMON 124857202 526,585 43,700 SH OTHER 1 43,700 0 0 City National Corp. COMMON 178566105 106,696,000 2740705 SH SOLE 2623769 0 116936 City National Corp. COMMON 178566105 112,000 2870 SH OTHER 0 0 2870 City National Corp. COMMON 178566105 323,314 8,305 SH OTHER 1 8,305 0 0 Clorox Co. COMMON 189054109 17,507,000 297645 SH SOLE 285412 0 12233 Constellation Brands, Inc. COMMON 21036P108 109,251,000 7211311 SH SOLE 7094375 0 116936 Constellation Brands, Inc. COMMON 21036P108 102,000 6710 SH OTHER 0 0 6710 Constellation Brands, Inc. COMMON 21036P108 368,145 24,300 SH OTHER 1 24,300 0 0 Covidien plc COMMON G2554F105 2,630,000 60801 SH SOLE 40301 0 20500 Covidien plc COMMON G2554F105 8,522,220 197,000 SH OTHER 1 197,000 0 0 CSP Inc. COMMON 126389105 85,000 23404 SH SOLE 23404 0 0 Dell Inc. COMMON 24702R101 46,304,000 3034320 SH SOLE 2838155 0 196165 Dell Inc. COMMON 24702R101 10,881,906 713,100 SH OTHER 1 713,100 0 0 Dun & Bradstreet Corp. COMMON 26483E100 25,960,000 344662 SH SOLE 334458 0 10204 Dun & Bradstreet Corp. COMMON 26483E100 93,000 1240 SH OTHER 0 0 1240 Dun & Bradstreet Corp. COMMON 26483E100 143,108 1,900 SH OTHER 1 1,900 0 0 eBay Inc. COMMON 278642103 2,126,000 90100 SH SOLE 59700 0 30400 eBay Inc. COMMON 278642103 6,615,080 280,300 SH OTHER 1 280,300 0 0 Edgewater Technology Inc. COMMON 280358102 132,000 45003 SH SOLE 45003 0 0 Energizer Holdings, Inc. COMMON 29266R108 72,097,000 1086786 SH SOLE 1071960 0 14826 Energizer Holdings, Inc. COMMON 29266R108 109,000 1640 SH OTHER 0 0 1640 Energizer Holdings, Inc. COMMON 29266R108 300,189 4,525 SH OTHER 1 4,525 0 0 Equifax Inc. COMMON 294429105 106,668,000 3660533 SH SOLE 3606977 0 53556 Equifax Inc. COMMON 294429105 357,111 12,255 SH OTHER 1 12,255 0 0 Exxon Mobil Corp. COMMON 30231G102 3,209,000 46770 SH SOLE 30970 0 15800 Exxon Mobil Corp. COMMON 30231G102 9,972,464 145,350 SH OTHER 1 145,350 0 0 Forward Industries, Inc. COMMON 349862300 68,000 39910 SH SOLE 39910 0 0 Franklin Resources, Inc. COMMON 354613101 45,469,000 451978 SH SOLE 434217 0 17761 Gannett Co., Inc. COMMON 364730101 233,454,000 18661383 SH SOLE 17952367 0 709016 Gannett Co., Inc. COMMON 364730101 728,082 58,200 SH OTHER 1 58,200 0 0 Green Plains Renewable Energy COMMON 393222104 111,000 15614 SH SOLE 15614 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 66,705,000 2438929 SH SOLE 2337944 0 100985 HCC Insurance Holdings, Inc. COMMON 404132102 116,000 4232 SH OTHER 0 0 4232 HCC Insurance Holdings, Inc. COMMON 404132102 249,022 9,105 SH OTHER 1 9,105 0 0 Herman Miller, Inc. COMMON 600544100 11,215,000 663215 SH SOLE 554320 0 108895 Hess Corp. COMMON 42809H107 2,273,000 42515 SH SOLE 28215 0 14300 Hess Corp. COMMON 42809H107 7,064,739 132,150 SH OTHER 1 132,150 0 0 Hewitt Associates, Inc. COMMON 42822Q100 199,408,000 5473736 SH SOLE 5270964 0 202772 Hewitt Associates, Inc. COMMON 42822Q100 589,984 16,195 SH OTHER 1 16,195 0 0 Horace Mann Educators Corp. COMMON 440327104 20,698,000 1481630 SH SOLE 1233215 0 248415 Horace Mann Educators Corp. COMMON 440327104 160,000 11420 SH OTHER 0 0 11420 Hospira, Inc. COMMON 441060100 84,352,000 1891300 SH SOLE 1891300 0 0 Hospira, Inc. COMMON 441060100 96,000 2150 SH OTHER 0 0 2150 Hospira, Inc. COMMON 441060100 535,200 12,000 SH OTHER 1 12,000 0 0 IDEX Corp. COMMON 45167R104 65,076,000 2328307 SH SOLE 2204727 0 123580 IDEX Corp. COMMON 45167R104 129,000 4613 SH OTHER 0 0 4613 IDEX Corp. COMMON 45167R104 293,475 10,500 SH OTHER 1 10,500 0 0 Illinois Tool Works Inc. COMMON 452308109 18,555,000 434447 SH SOLE 404922 0 29525 Illinois Tool Works Inc. COMMON 452308109 5,180,723 121,300 SH OTHER 1 121,300 0 0 IMS Health, Inc. COMMON 449934108 190,475,000 12408807 SH SOLE 11867477 0 541330 IMS Health, Inc. COMMON 449934108 134,000 8755 SH OTHER 0 0 8755 IMS Health, Inc. COMMON 449934108 12,849,101 837,075 SH OTHER 1 837,075 0 0 Interface, Inc. COMMON 458665106 54,185,000 6528295 SH SOLE 6171370 0 356925 Interface, Inc. COMMON 458665106 134,000 16085 SH OTHER 0 0 16085 Interface, Inc. COMMON 458665106 190,070 22,900 SH OTHER 1 22,900 0 0 International Business Machine COMMON 459200101 2,233,000 18670 SH SOLE 12270 0 6400 International Business Machine COMMON 459200101 7,212,483 60,300 SH OTHER 1 60,300 0 0 International Game Technology COMMON 459902102 117,421,000 5466520 SH SOLE 5359975 0 106545 International Game Technology COMMON 459902102 115,000 5340 SH OTHER 0 0 5340 International Game Technology COMMON 459902102 461,820 21,500 SH OTHER 1 21,500 0 0 Interpublic Group of Companies COMMON 460690100 169,478,000 22536923 SH SOLE 21622396 0 914527 Interpublic Group of Companies COMMON 460690100 155,000 20640 SH OTHER 0 0 20640 Interpublic Group of Companies COMMON 460690100 519,181 69,040 SH OTHER 1 69,040 0 0 J.M. Smucker Co. COMMON 832696405 87,091,000 1642914 SH SOLE 1626894 0 16020 J.M. Smucker Co. COMMON 832696405 382,467 7,215 SH OTHER 1 7,215 0 0 Janus Capital Group Inc. COMMON 47102X105 164,746,000 11618225 SH SOLE 11125455 0 492770 Janus Capital Group Inc. COMMON 47102X105 531,254 37,465 SH OTHER 1 37,465 0 0 Johnson & Johnson COMMON 478160104 4,293,000 70510 SH SOLE 46710 0 23800 Johnson & Johnson COMMON 478160104 12,561,607 206,300 SH OTHER 1 206,300 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 178,839,000 3775365 SH SOLE 3629295 0 146070 Jones Lang LaSalle Inc. COMMON 48020Q107 549,492 11,600 SH OTHER 1 11,600 0 0 JPMorgan Chase & Co. COMMON 46625H100 2,535,000 57840 SH SOLE 38340 0 19500 JPMorgan Chase & Co. COMMON 46625H100 8,315,721 189,770 SH OTHER 1 189,770 0 0 Laboratory Corp. of America Ho COMMON 50540R409 35,883,000 546162 SH SOLE 528037 0 18125 Laboratory Corp. of America Ho COMMON 50540R409 55,000 840 SH OTHER 0 0 840 Lazard Ltd COMMON G54050102 37,582,000 909760 SH SOLE 909760 0 0 Lazard Ltd COMMON G54050102 256,122 6,200 SH OTHER 1 6,200 0 0 Lee Enterprises, Inc. COMMON 523768109 8,872,000 3226355 SH SOLE 2596300 0 630055 Littelfuse, Inc. COMMON 537008104 18,933,000 721535 SH SOLE 599160 0 122375 Markel Corp. COMMON 570535104 96,452,000 292439 SH SOLE 279731 0 12708 Markel Corp. COMMON 570535104 114,000 345 SH OTHER 0 0 345 Markel Corp. COMMON 570535104 226,586 687 SH OTHER 1 687 0 0 Matthews International Corp. COMMON 577128101 17,696,000 500164 SH SOLE 416959 0 83205 Matthews International Corp. COMMON 577128101 112,000 3170 SH OTHER 0 0 3170 MB Financial, Inc. COMMON 55264U108 399,000 19005 SH SOLE 19005 0 0 McClatchy Co. COMMON 579489105 9,244,000 3610912 SH SOLE 2879487 0 731425 Merck & Co., Inc. COMMON 589331107 2,714,000 85820 SH SOLE 57120 0 28700 Merck & Co., Inc. COMMON 589331107 8,704,576 275,200 SH OTHER 1 275,200 0 0 Meredith Corp. COMMON 589433101 59,935,000 2001835 SH SOLE 1896435 0 105400 Meredith Corp. COMMON 589433101 115,000 3835 SH OTHER 0 0 3835 Meredith Corp. COMMON 589433101 252,245 8,425 SH OTHER 1 8,425 0 0 Mitcham Industries, Inc. COMMON 606501104 264,000 42527 SH SOLE 42527 0 0 Mohawk Industries, Inc. COMMON 608190104 36,539,000 766170 SH SOLE 766170 0 0 Mohawk Industries, Inc. COMMON 608190104 85,000 1785 SH OTHER 0 0 1785 Mohawk Industries, Inc. COMMON 608190104 196,244 4,115 SH OTHER 1 4,115 0 0 Morgan Stanley COMMON 617446448 3,420,000 110750 SH SOLE 73250 0 37500 Morgan Stanley COMMON 617446448 10,690,656 346,200 SH OTHER 1 346,200 0 0 Myriad Pharmaceuticals, Inc. COMMON 62856H107 131,000 22315 SH SOLE 22315 0 0 Newell Rubbermaid Inc. COMMON 651229106 64,182,000 4090660 SH SOLE 4090660 0 0 Newell Rubbermaid Inc. COMMON 651229106 453,441 28,900 SH OTHER 1 28,900 0 0 Nordstrom, Inc. COMMON 655664100 91,006,000 2979905 SH SOLE 2933140 0 46765 Nordstrom, Inc. COMMON 655664100 142,000 4655 SH OTHER 0 0 4655 Nordstrom, Inc. COMMON 655664100 355,791 11,650 SH OTHER 1 11,650 0 0 Northern Trust Corp. COMMON 665859104 38,308,000 658670 SH SOLE 641735 0 16935 Omnicom Group Inc. COMMON 681919106 48,512,000 1313268 SH SOLE 1235812 0 77456 Omnicom Group Inc. COMMON 681919106 10,860,360 294,000 SH OTHER 1 294,000 0 0 Orion Energy Systems, Inc. COMMON 686275108 316,000 100974 SH SOLE 100974 0 0 Peerless Systems Corp. COMMON 705536100 205,000 90435 SH SOLE 90435 0 0 Perceptron, Inc. COMMON 71361F100 304,000 69701 SH SOLE 69701 0 0 PrivateBancorp, Inc. COMMON 742962103 76,170,000 3114050 SH SOLE 2976175 0 137875 PrivateBancorp, Inc. COMMON 742962103 365,677 14,950 SH OTHER 1 14,950 0 0 Radio One, Inc. COMMON 75040P405 5,094,000 5197475 SH SOLE 4207175 0 990300 Red Lion Hotels Corp. COMMON 756764106 246,000 42795 SH SOLE 42795 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 69,288,000 2877395 SH SOLE 2877395 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 164,000 6790 SH OTHER 0 0 6790 Royal Caribbean Cruises Ltd. COMMON V7780T103 498,456 20,700 SH OTHER 1 20,700 0 0 Shoe Carnival, Inc. COMMON 824889109 229,000 14825 SH SOLE 14825 0 0 Sotheby's COMMON 835898107 53,240,000 3089978 SH SOLE 2960728 0 129250 Sotheby's COMMON 835898107 92,000 5330 SH OTHER 0 0 5330 Sotheby's COMMON 835898107 186,084 10,800 SH OTHER 1 10,800 0 0 Steak n Shake Co. COMMON 857873103 185,000 15735 SH SOLE 15735 0 0 Steelcase Inc. COMMON 858155203 5,537,000 891563 SH SOLE 737938 0 153625 T. Rowe Price Group, Inc. COMMON 74144T108 31,776,000 695309 SH SOLE 665210 0 30099 Thermo Fisher Scientific Inc. COMMON 883556102 41,851,000 958346 SH SOLE 921146 0 37200 Tiffany & Co. COMMON 886547108 110,880,000 2877745 SH SOLE 2811780 0 65965 Tiffany & Co. COMMON 886547108 139,000 3605 SH OTHER 0 0 3605 Tiffany & Co. COMMON 886547108 6,754,309 175,300 SH OTHER 1 175,300 0 0 TomoTherapy Inc. COMMON 890088107 218,000 50255 SH SOLE 50255 0 0 Toyota Motor Corp. COMMON 892331307 1,857,000 23640 SH SOLE 15640 0 8000 Toyota Motor Corp. COMMON 892331307 6,049,890 77,000 SH OTHER 1 77,000 0 0 Tyco International Ltd. COMMON H89128104 3,450,000 100066 SH SOLE 66266 0 33800 Tyco International Ltd. COMMON H89128104 10,226,768 296,600 SH OTHER 1 296,600 0 0 Versar Inc. COMMON 925297103 209,000 43100 SH SOLE 43100 0 0 Viacom, Inc. COMMON 92553P201 41,284,000 1472320 SH SOLE 1418145 0 54175 Vical Inc. COMMON 925602104 474,000 111318 SH SOLE 111318 0 0 Walt Disney Co. COMMON 254687106 2,755,000 100345 SH SOLE 66445 0 33900 Walt Disney Co. COMMON 254687106 8,534,568 310,800 SH OTHER 1 310,800 0 0 Waste Management, Inc. COMMON 94106L109 1,991,000 66760 SH SOLE 44160 0 22600 Waste Management, Inc. COMMON 94106L109 6,011,712 201,600 SH OTHER 1 201,600 0 0 White Electronic Designs Corp. COMMON 963801105 347,000 75180 SH SOLE 75180 0 0 Zimmer Holdings, Inc. COMMON 98956P102 51,268,000 959185 SH SOLE 926735 0 32450