13F-HR 1 sched13f-124q.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 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: Cannell Capital LLC -------------------------------------- Address: 310 E. Pearl St., Unit A -------------------------------------- P.O. Box 3459 -------------------------------------- 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 of Cannell Capital LLC -------------------------------------- Phone: 415-835-8300 -------------------------------------- Signature, Place, and Date of Signing: /s/ J. Carlo Cannell Jackson, WY 02/14/2013 ------------------------ --------------- -------------- [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 Total: 74 -------------- Form 13F Information Table Value Total: $ 133,060 -------------- (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 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------------------------------------------------------------------------------------------------------------- BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,815 21 SH SOLE 21 - - COWEN GROUP INC NEW CL A 223622101 751 306,635 SH SOLE 306,635 - - MAXLINEAR INC CL A 57776J100 377 75,089 SH SOLE 75,089 - - TECUMSEH PRODS CO CL A 878895200 24 5,182 SH SOLE 5,182 - - TELECOMMUNICATION SYS INC CL A 87929j103 6,100 2,469,681 SH SOLE 2,469,681 - - VALUEVISION MEDIA INC CL A 92047k107 5,555 3,085,961 SH SOLE 3,085,961 - - OPPENHEIMER HLDGS INC CL A NON V 683797104 448 25,930 SH SOLE 25,930 - - BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,043 11,630 SH SOLE 11,630 - - ACTUATE CORP COM 00508B102 238 42,484 SH SOLE 42,484 - - ALTRA HOLDINGS INC COM 02208R106 151 6,867 SH SOLE 6,867 - - AV HOMES INC COM 00234p102 5,303 372,936 SH SOLE 372,936 - - BIGLARI HLDGS INC COM 08986r101 546 1,400 SH SOLE 1,400 - - BSB BANCORP INC MD COM 05573h108 431 35,273 SH SOLE 35,273 - - BUILD A BEAR WORKSHOP COM 120076104 3,411 892,915 SH SOLE 892,915 - - CAL DIVE INTL INC DEL COM 12802T101 229 132,324 SH SOLE 132,324 - - CALLIDUS SOFTWARE INC COM 13123e500 3,201 705,127 SH SOLE 705,127 - - CAVCO INDS INC DEL COM 149568107 1,680 33,605 SH SOLE 33,605 - - CENTRAL GARDEN & PET CO COM 153527106 1,208 120,517 SH SOLE 120,517 - - CORNERSTONE PROGRESSIVE RTN COM 21925c101 - 3 SH SOLE 3 - - DNP SELECT INCOME FD COM 23325p104 - 1 SH SOLE 1 - - EAGLE BANCORP MONT INC COM 26942g100 104 10,000 SH SOLE 10,000 - - EASTERN INS HLDGS INC COM 276534104 460 26,939 SH SOLE 26,939 - - ECHO GLOBAL LOGISTICS INC COM 27875t101 6,370 354,488 SH SOLE 354,488 - - ESSA BANCORP INC COM 29667d104 352 32,339 SH SOLE 32,339 - - FEDFIRST FINL CORP NEW COM 31429c101 489 30,064 SH SOLE 30,064 - - GLU MOBILE INC COM 379890106 4,268 1,871,901 SH SOLE 1,871,901 - - GRAFTECH INTL LTD COM 384313102 117 12,497 SH SOLE 12,497 - - HAWAIIAN TELCOM HOLDCO INC COM 420031106 3,404 174,582 SH SOLE 174,582 - - HERCULES OFFSHORE INC COM 427093109 157 25,465 SH SOLE 25,465 - - HOOPER HOLMES INC COM 439104100 2,640 6,650,712 SH SOLE 6,650,712 - - I D SYSTEMS INC COM 449489103 1,115 191,563 SH SOLE 191,563 - - INTRALINKS HLDGS INC COM 46118h104 4,778 774,454 SH SOLE 774,454 - - JACKSONVILLE BANCORP INC MD COM 46924r106 302 17,392 SH SOLE 17,392 - - KEYNOTE SYS INC COM 493308100 150 10,620 SH SOLE 10,620 - - LAKELAND INDS INC COM 511795106 237 47,848 SH SOLE 47,848 - - LATTICE SEMICONDUCTOR CORP COM 518415104 264 66,181 SH SOLE 66,181 - - LEE ENTERPRISES INC COM 523768109 106 92,900 SH SOLE 92,900 - - LEMAITRE VASCULAR INC COM 525558201 2,231 388,667 SH SOLE 388,667 - - LIMONEIRA CO COM 532746104 1,451 74,812 SH SOLE 74,812 - - MOCON INC COM 607494101 2,700 187,485 SH SOLE 187,485 - - NATUS MEDICAL INC DEL COM 639050103 3,496 313,132 SH SOLE 313,132 - - NEW YORK & CO INC COM 649295102 3,626 951,807 SH SOLE 951,807 - - NORTH AMERN ENERGY PARTNERS COM 656844107 3,147 925,469 SH SOLE 925,469 - - ONEIDA FINL CORP MD COM 682479100 602 56,500 SH SOLE 56,500 - - ONLINE RES CORP COM 68273g101 4,224 1,860,861 SH SOLE 1,860,861 - - PC-TEL INC COM 69325q105 1,209 167,965 SH SOLE 167,965 - - PEERLESS SYS CORP COM 705536100 158 43,970 SH SOLE 43,970 - - PEP BOYS MANNY MOE & JACK COM 713278109 5,189 527,897 SH SOLE 527,897 - - PGT INC COM 69336V101 151 33,659 SH SOLE 33,659 - - PIMCO CORPORATE INCOME STRAT COM 72200u100 - 1 SH SOLE 1 - - PIMCO GLOBAL STOCKSPLS INCM COM 722011103 - 1 SH SOLE 1 - - REGIONAL MGMT CORP COM 75902k106 684 41,308 SH SOLE 41,308 - - REIS INC COM 75936p105 1,343 103,103 SH SOLE 103,103 - - RICHARDSON ELECTRS LTD COM 763165107 3,581 316,370 SH SOLE 316,370 - - SPARK NETWORKS INC COM 84651p100 4,322 554,122 SH SOLE 554,122 - - STONERIDGE INC COM 86183p102 5,415 1,057,530 SH SOLE 1,057,530 - - THESTREET INC COM 88368q103 4,250 2,544,802 SH SOLE 2,544,802 - - WESTFIELD FINANCIAL INC NEW COM 96008p104 437 60,441 SH SOLE 60,441 - - ZIPREALTY INC, INC. COM 98974v107 205 73,250 SH SOLE 73,250 - - CONTANGO OIL & GAS COMPANY COM NEW 21075N204 228 5,374 SH SOLE 5,374 - - CORNERSTONE STRATEGIC VALUE COM NEW 21924b203 250 41,606 SH SOLE 41,606 - - CORNERSTONE TOTAL RTRN FD IN COM NEW 21924u201 247 46,017 SH SOLE 46,017 - - HALCON RES CORP COM NEW 40537q209 1,749 252,700 SH SOLE 252,700 - - MULTIBAND CORP COM NEW 62544x209 4,073 2,468,393 SH SOLE 2,468,393 - - OUTDOOR CHANNEL HLDGS INC COM NEW 690027206 2,319 305,177 SH SOLE 305,177 - - POINTS INTL LTD COM NEW 730843208 3,049 273,678 SH SOLE 273,678 - - U S CONCRETE INC COM NEW 90333l201 4,065 449,147 SH SOLE 449,147 - - PIMCO HIGH INCOME FD COM SHS 722014107 - 1 SH SOLE 1 - - U S CONCRETE INC DEBT 9.5 90333laf9 84 67,000 PRN SOLE 67,000 - - PULSE ELECTRONICS CORP NOTE 7.0 74586waa4 4,817 7,000,000 PRN SOLE 7,000,000 - - AV HOMES INC NOTE 7.5 00234pab8 2,250 2,200,000 PRN SOLE 2,200,000 - - SCHOOL SPECIALTY INC SDCV 3.75 807863am7 1,504 3,000,000 PRN SOLE 3,000,000 - - GLOBAL SHIP LEASE INC NEW SHS A y27183105 1,016 345,595 SH SOLE 345,595 - - TRONOX LTD SHS CL A Q9235V101 164 9,000 SH SOLE 9,000 - -