13F-HR 1 v114389_13f.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: March 31, 2008 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: Heartland Advisors, Inc. Address: 789 N. Water St. Suite 500 Milwaukee, WI 53202 Form 13F File Number: 28-3516 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: Paul T. Beste Title: Chief Operating Officer Phone: 414-347-7777 Signature, Place and Date of Signing: /s/ Paul T. Beste Milwaukee, Wisconsin May 15, 2008 ------------------ -------------------- -------------- [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: 266 --- Form 13F Information Table Value Total: $2,189,502 (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. 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 ABM INDS INC COM 000957100 7024 313025 SH 0 SOLE 0 313025 0 0 ABRAXAS PETE CORP COM 003830106 1410 427415 SH 0 SOLE 0 427415 0 0 ACCURAY INC COM 004397105 23841 3052644 SH 0 SOLE 0 2998944 0 53700 ACETO CORP COM 004446100 2082 300000 SH 0 SOLE 0 300000 0 0 ACTEL CORP COM 004934105 10717 700000 SH 0 SOLE 0 700000 0 0 ACTUATE CORP COM 00508B102 6150 1500000 SH 0 SOLE 0 1500000 0 0 ADTRAN INC COM 00738A106 7623 412065 SH 0 SOLE 0 410165 0 1900 AGRIA CORP SPONSORED ADR 00850H103 19339 2316059 SH 0 SOLE 0 2226159 0 89900 AGRIUM INC COM 008916108 1288 20748 SH 0 SOLE 0 20748 0 0 AIRNET SYS INC COM 009417106 3300 1250000 SH 0 SOLE 0 1150000 0 100000 ALASKA AIR GROUP INC COM 011659109 25763 1313100 SH 0 SOLE 0 1283550 0 29550 ALBANY INTL CORP CL A 012348108 9519 263395 SH 0 SOLE 0 262265 0 1130 ALCOA INC COM 013817101 10801 299533 SH 0 SOLE 0 298483 0 1050 ALLIANCE FIBER OPTIC PRODS I COM 018680108 519 402446 SH 0 SOLE 0 402446 0 0 ALLSTATE CORP COM 020002101 9239 192229 SH 0 SOLE 0 191469 0 760 AMERICA SVC GROUP INC COM 02364L109 4848 800000 SH 0 SOLE 0 800000 0 0 AMERICAN VANGUARD CORP COM 030371108 11810 709725 SH 0 SOLE 0 709725 0 0 ANADARKO PETE CORP COM 032511107 9353 148394 SH 0 SOLE 0 147864 0 530 ANALYSTS INTL CORP COM 032681108 3841 2300000 SH 0 SOLE 0 2300000 0 0 APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 1115 227000 SH 0 SOLE 0 227000 0 0 APPLIED MATLS INC COM 038222105 788 40390 SH 0 SOLE 0 39290 0 1100 APPLIED SIGNAL TECHNOLOGY IN COM 038237103 11984 1015572 SH 0 SOLE 0 968572 0 47000 ARCH CHEMICALS INC COM 03937R102 3726 100000 SH 0 SOLE 0 100000 0 0 ASHFORD HOSPITALITY TR INC COM SHS 044103109 1893 333350 SH 0 SOLE 0 297450 0 35900 ASHWORTH INC COM 04516H101 4438 1551750 SH 0 SOLE 0 1489879 0 61871 ASSET ACCEP CAP CORP COM 04543P100 17057 1771285 SH 0 SOLE 0 1691485 0 79800 AVANEX CORP COM 05348W109 10661 15015000 SH 0 SOLE 0 15015000 0 0 AVNET INC COM 053807103 8062 246305 SH 0 SOLE 0 245295 0 1010 AXCELIS TECHNOLOGIES INC COM 054540109 16800 3000000 SH 0 SOLE 0 3000000 0 0 BADGER METER INC COM 056525108 13098 303200 SH 0 SOLE 0 303200 0 0 BARRETT BUSINESS SERVICES IN COM 068463108 8317 485500 SH 0 SOLE 0 485500 0 0 BASIN WTR INC COM 07011T306 5166 900000 SH 0 SOLE 0 900000 0 0 BEACON ROOFING SUPPLY INC COM 073685109 379 37900 SH 0 SOLE 0 37900 0 0 BENCHMARK ELECTRS INC COM 08160H101 9174 511065 SH 0 SOLE 0 508875 0 2190 BERRY PETE CO CL A 085789105 5964 128275 SH 0 SOLE 0 128275 0 0 BIOSCRIP INC COM 09069N108 20805 3077701 SH 0 SOLE 0 2959801 0 117900 BIOVAIL CORP COM 09067J109 11439 1062365 SH 0 SOLE 0 1061365 0 1000 BLOCK H & R INC COM 093671105 11573 557445 SH 0 SOLE 0 555015 0 2430 BOFI HLDG INC COM 05566U108 2404 400000 SH 0 SOLE 0 400000 0 0 BRIGGS & STRATTON CORP COM 109043109 2684 149925 SH 0 SOLE 0 149925 0 0 BRIGHAM EXPLORATION CO COM 109178103 6070 1000000 SH 0 SOLE 0 1000000 0 0 BUCA INC COM 117769109 1268 1950000 SH 0 SOLE 0 1950000 0 0 C D I CORP COM 125071100 7059 281800 SH 0 SOLE 0 281800 0 0 CALLWAVE INC DEL COM 13126N101 2366 906400 SH 0 SOLE 0 906400 0 0 CARACO PHARMACEUTICAL LABS L COM 14075T107 8975 500000 SH 0 SOLE 0 500000 0 0 CARBO CERAMICS INC COM 140781105 3008 75000 SH 0 SOLE 0 75000 0 0 CARLISLE COS INC COM 142339100 504 15068 SH 0 SOLE 0 14868 0 200 CASTLE A M & CO COM 148411101 459 17000 SH 0 SOLE 0 17000 0 0 CATAPULT COMMUNICATIONS CORP COM 149016107 2060 400000 SH 0 SOLE 0 400000 0 0 CATERPILLAR INC DEL COM 149123101 11048 141115 SH 0 SOLE 0 140585 0 530 CBS CORP NEW CL B 124857202 6451 292146 SH 0 SOLE 0 291626 0 520 CHEMTURA CORP COM 163893100 20511 2794448 SH 0 SOLE 0 2786948 0 7500 CIMAREX ENERGY CO COM 171798101 18079 330265 SH 0 SOLE 0 329575 0 690 COHU INC COM 192576106 2059 126700 SH 0 SOLE 0 126700 0 0 COMPUTER TASK GROUP INC COM 205477102 6689 1623554 SH 0 SOLE 0 1562200 0 61354 COMSTOCK RES INC COM NEW 205768203 12195 302600 SH 0 SOLE 0 302600 0 0 CONMED CORP COM 207410101 11498 448425 SH 0 SOLE 0 448425 0 0 CONOCOPHILLIPS COM 20825C104 8865 116328 SH 0 SOLE 0 115798 0 530 CONSTELLATION BRANDS INC CL A 21036P108 7876 445735 SH 0 SOLE 0 443835 0 1900 COOPER COS INC COM NEW 216648402 2628 76325 SH 0 SOLE 0 76325 0 0 COOPER TIRE & RUBR CO COM 216831107 669 44700 SH 0 SOLE 0 44700 0 0 COVIDIEN LTD COM G2552X108 11647 263212 SH 0 SOLE 0 262252 0 960 COWEN GROUP INC COM 223621103 4254 600000 SH 0 SOLE 0 600000 0 0 CRITICARE SYS INC COM 226901106 7280 1343200 SH 0 SOLE 0 1343200 0 0 CTS CORP COM 126501105 6247 583875 SH 0 SOLE 0 583875 0 0 DATASCOPE CORP COM 238113104 11334 273575 SH 0 SOLE 0 273575 0 0 DIGIRAD CORP COM 253827109 2820 1000000 SH 0 SOLE 0 1000000 0 0 DISCOVERY LABORATORIES INC N COM 254668106 14011 5962000 SH 0 SOLE 0 5930000 0 32000 DITECH NETWORKS INC COM 25500T108 5880 2000000 SH 0 SOLE 0 2000000 0 0 DOW CHEM CO COM 260543103 10739 291435 SH 0 SOLE 0 290285 0 1150 D R HORTON INC COM 23331A109 280 17760 SH 0 SOLE 0 17760 0 0 DUCKWALL-ALCO STORES INC NEW COM 264142100 4337 380400 SH 0 SOLE 0 380400 0 0 DUCOMMUN INC DEL COM 264147109 772 27900 SH 0 SOLE 0 27900 0 0 DYNAMICS RESH CORP COM 268057106 12152 1201942 SH 0 SOLE 0 1149848 0 52094 EASTERN VA BANKSHARES INC COM 277196101 4275 246000 SH 0 SOLE 0 244000 0 2000 EDUCATION RLTY TR INC COM 28140H104 2621 208475 SH 0 SOLE 0 208475 0 0 EFJ INC COM 26843B101 2035 1695925 SH 0 SOLE 0 1695925 0 0 ELECTRO RENT CORP COM 285218103 1515 100000 SH 0 SOLE 0 100000 0 0 EMAK WORLDWIDE INC COM 26861V104 716 941828 SH 0 SOLE 0 941828 0 0 EMRISE CORP COM 29246J101 1621 2494500 SH 0 SOLE 0 2494500 0 0 EMS TECHNOLOGIES INC COM 26873N108 10098 372081 SH 0 SOLE 0 372081 0 0 ENCORE CAP GROUP INC COM 292554102 14320 2105820 SH 0 SOLE 0 1985120 0 120700 ENDOCARE INC COM NEW 29264P203 3008 435987 SH 0 SOLE 0 432654 0 3333 ENSIGN GROUP INC COM 29358P101 980 105749 SH 0 SOLE 0 105749 0 0 EPIC BANCORP COM 294250105 3151 267731 SH 0 SOLE 0 267417 0 314 ESPEED INC CL A 296643109 9684 830569 SH 0 SOLE 0 830569 0 0 EXPRESS 1 EXPEDITED SOLUTION COM 30217Q108 234 200000 SH 0 SOLE 0 200000 0 0 EXTREME NETWORKS INC COM 30226D106 12711 4100200 SH 0 SOLE 0 3981500 0 118700 STELLARONE CORP COM 85856G100 2964 175310 SH 0 SOLE 0 175310 0 0 FEDERAL SIGNAL CORP COM 313855108 40621 2909843 SH 0 SOLE 0 2875143 0 34700 FEDEX CORP COM 31428X106 8698 93860 SH 0 SOLE 0 93495 0 365 FIDELITY SOUTHERN CORP NEW COM 316394105 4175 496472 SH 0 SOLE 0 496472 0 0 FIRSTCITY FINL CORP COM 33761X107 7809 1239536 SH 0 SOLE 0 1188136 0 51400 FLANDERS CORP COM 338494107 15284 2509641 SH 0 SOLE 0 2416741 0 92900 FLEXSTEEL INDS INC COM 339382103 1348 100000 SH 0 SOLE 0 100000 0 0 FORCE PROTECTION INC COM NEW 345203202 11731 5836345 SH 0 SOLE 0 5836345 0 0 FOREST LABS INC COM 345838106 312 7800 SH 0 SOLE 0 6800 0 1000 FOREST OIL CORP COM PAR $0.01 346091705 198 4040 SH 0 SOLE 0 4040 0 0 FORTUNE BRANDS INC COM 349631101 983 14150 SH 0 SOLE 0 13950 0 200 FRANKLIN RES INC COM 354613101 7813 80550 SH 0 SOLE 0 80275 0 275 FREDS INC CL A 356108100 28141 2745500 SH 0 SOLE 0 2655500 0 90000 FSI INTL INC COM 302633102 2446 1838746 SH 0 SOLE 0 1838746 0 0 FUELCELL ENERGY INC COM 35952H106 22008 3309400 SH 0 SOLE 0 3287400 0 22000 GENCO SHIPPING & TRADING LTD SHS Y2685T107 1193 21150 SH 0 SOLE 0 21150 0 0 GENERAL ELECTRIC CO COM 369604103 10705 289245 SH 0 SOLE 0 288385 0 860 GENTEX CORP COM 371901109 829 48351 SH 0 SOLE 0 47351 0 1000 GLATFELTER COM 377316104 10913 722225 SH 0 SOLE 0 718895 0 3330 GOODRICH CORP COM 382388106 1921 33395 SH 0 SOLE 0 33245 0 150 GREY WOLF INC COM 397888108 8501 1253800 SH 0 SOLE 0 1252890 0 910 HARLEYSVILLE GROUP INC COM 412824104 4357 120725 SH 0 SOLE 0 120725 0 0 HAWTHORN BANCSHARES INC COM 420476103 3203 116463 SH 0 SOLE 0 116463 0 0 HERLEY INDS INC DEL COM 427398102 3102 300000 SH 0 SOLE 0 300000 0 0 HF FINL CORP COM 404172108 2166 135397 SH 0 SOLE 0 135397 0 0 HI / FN INC COM 428358105 6630 1300000 SH 0 SOLE 0 1300000 0 0 HOOPER HOLMES INC COM 439104100 7818 12027897 SH 0 SOLE 0 11677590 0 350307 HORACE MANN EDUCATORS CORP N COM 440327104 5480 313500 SH 0 SOLE 0 313500 0 0 HORMEL FOODS CORP COM 440452100 2306 55360 SH 0 SOLE 0 54840 0 520 HUDSON HIGHLAND GROUP INC COM 443792106 8470 1000000 SH 0 SOLE 0 1000000 0 0 HUMANA INC COM 444859102 3589 80000 SH 0 SOLE 0 80000 0 0 IAMGOLD CORP COM 450913108 12508 1700000 SH 0 SOLE 0 1607600 0 92400 IMAGE SENSING SYS INC COM 45244C104 2126 172851 SH 0 SOLE 0 172851 0 0 INDUSTRIAL DISTR GROUP INC COM 456061100 5030 501000 SH 0 SOLE 0 501000 0 0 INSITUFORM TECHNOLOGIES INC CL A 457667103 5095 368370 SH 0 SOLE 0 368370 0 0 INTEGRYS ENERGY GROUP INC COM 45822P105 11315 242605 SH 0 SOLE 0 241630 0 975 INTERDIGITAL INC COM 45867G101 84043 4242475 SH 0 SOLE 0 4146375 0 96100 INTERSECTIONS INC COM 460981301 19978 2317654 SH 0 SOLE 0 2228975 0 88679 INTERVOICE INC NEW COM 461142101 3980 500000 SH 0 SOLE 0 500000 0 0 INVENTURE GROUP INC COM 461214108 4541 2609504 SH 0 SOLE 0 2609504 0 0 ISOLAGEN INC COM 46488N103 1374 2642500 SH 0 SOLE 0 2642500 0 0 JOHNSON CTLS INC COM 478366107 2146 63480 SH 0 SOLE 0 63160 0 320 JOURNAL REGISTER CO COM 481138105 1537 2793768 SH 0 SOLE 0 2658968 0 134800 KOHLS CORP COM 500255104 11840 276065 SH 0 SOLE 0 274990 0 1075 KOPIN CORP COM 500600101 1923 723037 SH 0 SOLE 0 723037 0 0 LACROSSE FOOTWARE INC COM 505688101 2184 137590 SH 0 SOLE 0 137590 0 0 LAKELAND INDS INC COM 511795106 5845 500000 SH 0 SOLE 0 500000 0 0 LANTRONIX INC COM 516548104 5520 6000000 SH 0 SOLE 0 6000000 0 0 LATTICE SEMICONDUCTOR CORP COM 518415104 9214 3244397 SH 0 SOLE 0 3244397 0 0 LECG CORP COM 523234102 23455 2505850 SH 0 SOLE 0 2428950 0 76900 LEGG MASON INC COM 524901105 1057 18890 SH 0 SOLE 0 18890 0 0 LIFEPOINT HOSPITALS INC COM 53219L109 8817 320965 SH 0 SOLE 0 320485 0 480 LONGS DRUG STORES CORP COM 543162101 9554 225000 SH 0 SOLE 0 224150 0 850 LSI CORPORATION COM 502161102 7880 1591980 SH 0 SOLE 0 1586100 0 5880 LSI INDS INC COM 50216C108 7443 563470 SH 0 SOLE 0 563470 0 0 LUFKIN INDS INC COM 549764108 3191 50000 SH 0 SOLE 0 50000 0 0 MAGNETEK INC COM 559424106 10336 3004700 SH 0 SOLE 0 3004700 0 0 MARTEN TRANS LTD COM 573075108 4656 300000 SH 0 SOLE 0 300000 0 0 MASCO CORP COM 574599106 940 47390 SH 0 SOLE 0 46790 0 600 MASSEY ENERGY CO COM 576206106 32280 884375 SH 0 SOLE 0 884375 0 0 MASTEC INC COM 576323109 8033 978475 SH 0 SOLE 0 975185 0 3290 MDU RES GROUP INC COM 552690109 10332 420860 SH 0 SOLE 0 419370 0 1490 MEADOWBROOK INS GROUP INC COM 58319P108 2734 350000 SH 0 SOLE 0 350000 0 0 MEDICAL STAFFING NETWK HLDGS COM 58463F104 8048 1719600 SH 0 SOLE 0 1621900 0 97700 MESA AIR GROUP INC COM 590479101 9188 3909900 SH 0 SOLE 0 3700000 0 209900 MET PRO CORP COM 590876306 5984 533333 SH 0 SOLE 0 533333 0 0 MFRI INC COM 552721102 3216 200000 SH 0 SOLE 0 200000 0 0 MICREL INC COM 594793101 22707 2449550 SH 0 SOLE 0 2449550 0 0 MIDWAY GOLD CORP COM 598153104 7187 2500000 SH 0 SOLE 0 2500000 0 0 MOCON INC COM 607494101 2256 200000 SH 0 SOLE 0 200000 0 0 MODINE MFG CO COM 607828100 712 49105 SH 0 SOLE 0 48105 0 1000 MODTECH HLDGS INC COM 60783C100 634 2264145 SH 0 SOLE 0 1909138 0 355007 MONTEREY GOURMET FOODS INC COM 612570101 1752 572657 SH 0 SOLE 0 572657 0 0 MUELLER WTR PRODS INC COM SER B 624758207 826 104800 SH 0 SOLE 0 104800 0 0 MUELLER WTR PRODS INC COM SER A 624758108 1636 200000 SH 0 SOLE 0 200000 0 0 NAPCO SEC SYS INC COM 630402105 4102 833800 SH 0 SOLE 0 833800 0 0 NATIONAL DENTEX CORP COM 63563H109 5681 440750 SH 0 SOLE 0 440750 0 0 NAVIGANT CONSULTING INC COM 63935N107 32878 1732250 SH 0 SOLE 0 1683450 0 48800 NEWPARK RES INC COM PAR $.01NEW 651718504 32780 6427425 SH 0 SOLE 0 6259625 0 167800 O I CORP COM 670841105 2902 245900 SH 0 SOLE 0 245900 0 0 OFFICE DEPOT INC COM 676220106 692 62580 SH 0 SOLE 0 62580 0 0 OIL DRI CORP AMER COM 677864100 12865 719125 SH 0 SOLE 0 696750 0 22375 OLIN CORP COM PAR $1 680665205 8225 416225 SH 0 SOLE 0 416225 0 0 OMNOVA SOLUTIONS INC COM 682129101 12142 3043100 SH 0 SOLE 0 2936300 0 106800 ORIGIN AGRITECH LIMITED SHS G67828106 17378 3291364 SH 0 SOLE 0 3143364 0 148000 OSTEOTECH INC COM 688582105 10387 2186704 SH 0 SOLE 0 2083200 0 103504 PACIFIC PREMIER BANCORP COM 69478X105 2072 296000 SH 0 SOLE 0 296000 0 0 PARK ELECTROCHEMICAL CORP COM 700416209 8634 334000 SH 0 SOLE 0 334000 0 0 PATRICK INDS INC COM 703343103 2535 370025 SH 0 SOLE 0 350025 0 20000 PDI INC COM 69329V100 16251 1930025 SH 0 SOLE 0 1846125 0 83900 PENTAIR INC COM 709631105 3116 97685 SH 0 SOLE 0 96735 0 950 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 6471 3994345 SH 0 SOLE 0 3747745 0 246600 PEROT SYS CORP CL A 714265105 6016 400000 SH 0 SOLE 0 400000 0 0 PFIZER INC COM 717081103 9911 473543 SH 0 SOLE 0 463403 0 10140 PHOENIX FOOTWEAR GROUP INC COM 71903M100 1469 790000 SH 0 SOLE 0 790000 0 0 PLATO LEARNING INC COM 72764Y100 4069 1388652 SH 0 SOLE 0 1388652 0 0 PLEXUS CORP COM 729132100 4558 162500 SH 0 SOLE 0 162000 0 500 PMA CAP CORP CL A 693419202 3843 450000 SH 0 SOLE 0 450000 0 0 POLYMET MINING CORP COM 713916102 12814 4009000 SH 0 SOLE 0 4009000 0 0 PORTEC RAIL PRODS INC COM 736212101 9256 807700 SH 0 SOLE 0 768200 0 39500 PPG INDS INC COM 693506107 8695 143700 SH 0 SOLE 0 143315 0 385 PRESIDENTIAL LIFE CORP COM 740884101 22280 1277550 SH 0 SOLE 0 1245800 0 31750 PRIMEDIA INC COM NEW 74157K846 6628 901750 SH 0 SOLE 0 901750 0 0 PRINCETON REVIEW INC COM 742352107 5857 744217 SH 0 SOLE 0 744217 0 0 PROSHARES TR ULTRASHRT O&G 74347R586 26391 683000 SH 0 SOLE 0 683000 0 0 PROSHARES TR ULTRASHRT FINL 74347R628 2088 17750 SH 0 SOLE 0 17750 0 0 QAD INC COM 74727D108 3661 435358 SH 0 SOLE 0 435358 0 0 QUEST RESOURCE CORP COM NEW 748349305 9287 1413500 SH 0 SOLE 0 1372975 0 40525 QUINTANA MARITIME LTD SHS Y7169G109 35534 1500600 SH 0 SOLE 0 1500600 0 0 QUIXOTE CORP COM 749056107 9889 1184350 SH 0 SOLE 0 1184350 0 0 RADYNE CORP COM NEW 750611402 852 100000 SH 0 SOLE 0 100000 0 0 RAYMOND JAMES FINANCIAL INC COM 754730109 7023 305600 SH 0 SOLE 0 304850 0 750 RCM TECHNOLOGIES INC COM NEW 749360400 3350 867831 SH 0 SOLE 0 866631 0 1200 REGAL ENTMT GROUP CL A 758766109 4628 239900 SH 0 SOLE 0 239900 0 0 REGIS CORP MINN COM 758932107 10996 400000 SH 0 SOLE 0 400000 0 0 RENT A CTR INC NEW COM 76009N100 9781 533050 SH 0 SOLE 0 532020 0 1030 RICHARDSON ELECTRS LTD COM 763165107 5922 1400000 SH 0 SOLE 0 1400000 0 0 RIVERVIEW BANCORP INC COM 769397100 1406 140600 SH 0 SOLE 0 140600 0 0 ROSETTA RESOURCES INC COM 777779307 9835 500000 SH 0 SOLE 0 500000 0 0 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 9100 276605 SH 0 SOLE 0 275535 0 1070 RPM INTL INC COM 749685103 2488 118800 SH 0 SOLE 0 117610 0 1190 SAGA COMMUNICATIONS CL A 786598102 2145 383000 SH 0 SOLE 0 383000 0 0 SANGAMO BIOSCIENCES INC COM 800677106 23485 2311500 SH 0 SOLE 0 2311500 0 0 SAUER-DANFOSS INC COM 804137107 5335 240950 SH 0 SOLE 0 240950 0 0 SCIELE PHARMA INC COM 808627103 1249 64050 SH 0 SOLE 0 63050 0 1000 SEAGATE TECHNOLOGY SHS G7945J104 7829 373870 SH 0 SOLE 0 372740 0 1130 SKYWORKS SOLUTIONS INC COM 83088M102 18907 2597095 SH 0 SOLE 0 2591095 0 6000 SM&A COM 78465D105 4310 1000000 SH 0 SOLE 0 1000000 0 0 SMITHFIELD FOODS INC COM 832248108 9691 376195 SH 0 SOLE 0 374685 0 1510 SMURFIT-STONE CONTAINER CORP COM 832727101 7212 936605 SH 0 SOLE 0 933075 0 3530 SOUTHERN CMNTY FINL CORP COM 842632101 2148 300000 SH 0 SOLE 0 300000 0 0 SPANISH BROADCASTING SYS INC CL A 846425882 8237 4653936 SH 0 SOLE 0 4527800 0 126136 SPAR GROUP INC COM 784933103 1240 1228000 SH 0 SOLE 0 1228000 0 0 SPECIALTY UNDERWRITERS ALLIA COM 84751T309 5241 1230200 SH 0 SOLE 0 1160200 0 70000 SPHERION CORP COM 848420105 9180 1500000 SH 0 SOLE 0 1500000 0 0 SRI/SURGICAL EXPRESS INC COM 78464W104 3575 831500 SH 0 SOLE 0 831500 0 0 ST MARY LD & EXPL CO COM 792228108 24987 649025 SH 0 SOLE 0 649025 0 0 STAAR SURGICAL CO COM PAR $0.01 852312305 8624 3355450 SH 0 SOLE 0 3136550 0 218900 STARTEK INC COM 85569C107 7506 815000 SH 0 SOLE 0 814100 0 900 STEC INC COM 784774101 3095 500000 SH 0 SOLE 0 500000 0 0 STERIS CORP COM 859152100 16344 609170 SH 0 SOLE 0 609170 0 0 STERLING FINL CORP WASH COM 859319105 7805 500000 SH 0 SOLE 0 500000 0 0 STONE ENERGY CORP COM 861642106 10598 202600 SH 0 SOLE 0 202600 0 0 STRATTEC SEC CORP COM 863111100 4233 100000 SH 0 SOLE 0 100000 0 0 SUPERIOR INDS INTL INC COM 868168105 3490 168200 SH 0 SOLE 0 168200 0 0 SUPREME INDS INC CL A 868607102 3420 600000 SH 0 SOLE 0 600000 0 0 SWIFT ENERGY CO COM 870738101 65811 1462785 SH 0 SOLE 0 1437045 0 25740 SYCAMORE NETWORKS INC COM 871206108 23051 6298155 SH 0 SOLE 0 6112755 0 185400 SYNERGX SYSTEMS INC COM 87160C106 425 500000 SH 0 SOLE 0 500000 0 0 TASTY BAKING CO COM 876553306 518 90942 SH 0 SOLE 0 90942 0 0 TECHTEAM GLOBAL INC COM 878311109 10258 1133500 SH 0 SOLE 0 1117500 0 16000 TELEFLEX INC COM 879369106 3931 82400 SH 0 SOLE 0 82400 0 0 TIDEWATER INC COM 886423102 4133 75000 SH 0 SOLE 0 75000 0 0 TIER TECHNOLOGIES INC CL B 88650Q100 14165 1777248 SH 0 SOLE 0 1694998 0 82250 TIMBERLAND BANCORP INC COM 887098101 1165 100000 SH 0 SOLE 0 100000 0 0 TIMKEN CO COM 887389104 6818 229400 SH 0 SOLE 0 228800 0 600 TRC COS INC COM 872625108 10895 2493100 SH 0 SOLE 0 2420700 0 72400 TRINITY BIOTECH PLC SPON ADR NEW 896438306 3991 869425 SH 0 SOLE 0 867425 0 2000 TRIQUINT SEMICONDUCTOR INC COM 89674K103 22032 4354200 SH 0 SOLE 0 4179000 0 175200 TRIUMPH GROUP INC NEW COM 896818101 5313 93325 SH 0 SOLE 0 93325 0 0 UGI CORP NEW COM 902681105 9898 397190 SH 0 SOLE 0 395870 0 1320 ULTRAPETROL BAHAMAS LTD COM P94398107 6949 678620 SH 0 SOLE 0 676460 0 2160 UNION PAC CORP COM 907818108 2566 20465 SH 0 SOLE 0 20330 0 135 UNIT CORP COM 909218109 11330 200000 SH 0 SOLE 0 200000 0 0 UNUM GROUP COM 91529Y106 9923 450835 SH 0 SOLE 0 449005 0 1830 UQM TECHNOLOGIES INC COM 903213106 4045 2393500 SH 0 SOLE 0 2380500 0 13000 UROPLASTY INC COM NEW 917277204 4855 1277575 SH 0 SOLE 0 1277575 0 0 URS CORP NEW COM 903236107 3269 100000 SH 0 SOLE 0 100000 0 0 WERNER ENTERPRISES INC COM 950755108 4090 220350 SH 0 SOLE 0 220350 0 0 WESCO INTL INC COM 95082P105 8216 225170 SH 0 SOLE 0 224270 0 900 WESTELL TECHNOLOGIES INC CL A 957541105 3750 2500000 SH 0 SOLE 0 2500000 0 0 WHIRLPOOL CORP COM 963320106 2491 28700 SH 0 SOLE 0 28600 0 100 WILLIAMS CLAYTON ENERGY INC COM 969490101 38280 729283 SH 0 SOLE 0 705183 0 24100 WIRELESS RONIN TECHNOLOGIES COM 97652A203 7520 1880000 SH 0 SOLE 0 1880000 0 0 WONDER AUTO TECHNOLOGY INC COM 978166106 2496 303248 SH 0 SOLE 0 303248 0 0 WORTHINGTON INDS INC COM 981811102 4978 295100 SH 0 SOLE 0 295100 0 0 WYETH COM 983024100 9008 215699 SH 0 SOLE 0 215099 0 600 ZAREBA SYSTEMS INC COM 989131107 891 237000 SH 0 SOLE 0 237000 0 0 Total 2,189,502 266