13F-HR 1 v166140_13fhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2009 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 November 13, 2009 ------------------ -------------------- ----------------- [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: 236 --- Form 13F Information Table Value Total: $2,720,898 (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 ABB LTD SPONSORED ADR 000375204 16523 824525 SH SOLE 702660 121865 ACCURAY INC COM 004397105 33157 5101129 SH SOLE 4976029 125100 ACETO CORP COM 004446100 673 101900 SH SOLE 101900 0 ACTEL CORP COM 004934105 13457 1105725 SH SOLE 1105725 0 ADTRAN INC COM 00738A106 14120 575145 SH SOLE 495580 79565 AGRIA CORP SPONSORED ADR 00850H103 9165 4282500 SH SOLE 4239700 42800 AGRIUM INC COM 008916108 7225 145103 SH SOLE 128603 16500 ALASKA AIR GROUP INC COM 011659109 11301 421830 SH SOLE 361070 60760 ALCOA INC COM 013817101 11801 899475 SH SOLE 771835 127640 AMERICA SVC GROUP INC COM 02364L109 11578 700000 SH SOLE 700000 0 AMERICAN VANGUARD CORP COM 030371108 20486 2465275 SH SOLE 2436475 28800 ANADARKO PETE CORP COM 032511107 15707 250389 SH SOLE 215359 35030 ANALOGIC CORP COM PAR $0.05 032657207 60761 1641310 SH SOLE 1624210 17100 ANALYSTS INTL CORP COM 032681108 1703 2365000 SH SOLE 2365000 0 ANIMAL HEALTH INTL INC COM 03525N109 4876 2300000 SH SOLE 2300000 0 APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 132 54000 SH SOLE 54000 0 ASSET ACCEP CAP CORP COM 04543P100 20483 2825200 SH SOLE 2768700 56500 AT&T INC COM 00206R102 12608 466797 SH SOLE 399777 67020 AVNET INC COM 053807103 14486 557815 SH SOLE 480555 77260 AVX CORP NEW COM 002444107 15724 1318025 SH SOLE 1318025 0 BANK OF NEW YORK MELLON CORP COM 064058100 16348 563911 SH SOLE 483176 80735 BARRETT BUSINESS SERVICES IN COM 068463108 5125 484400 SH SOLE 484400 0 BENCHMARK ELECTRS INC COM 08160H101 13817 767620 SH SOLE 662110 105510 BERKSHIRE HILLS BANCORP INC COM 084680107 5308 241915 SH SOLE 241915 0 BGC PARTNERS INC CL A 05541T101 14524 3393400 SH SOLE 3393400 0 BIOSCRIP INC COM 09069N108 53438 7905005 SH SOLE 7606205 298800 BLOCK H & R INC COM 093671105 12598 685401 SH SOLE 597746 87655 BOFI HLDG INC COM 05566U108 3368 400000 SH SOLE 400000 0 BROWN & BROWN INC COM 115236101 12027 627725 SH SOLE 627725 0 BROWN SHOE INC NEW COM 115736100 6416 800000 SH SOLE 800000 0 C D I CORP COM 125071100 9089 635550 SH SOLE 635550 0 C&D TECHNOLOGIES INC COM 124661109 2150 1000000 SH SOLE 1000000 0 CABOT OIL & GAS CORP COM 127097103 16685 466705 SH SOLE 443850 22855 CAMBREX CORP COM 132011107 7875 1250000 SH SOLE 1250000 0 CARACO PHARMACEUTICAL LABS L COM 14075T107 5090 1000000 SH SOLE 1000000 0 CDC SOFTWARE CORP SPN ADR LV III 12507Y108 3709 401000 SH SOLE 401000 0 CHEMED CORP NEW COM 16359R103 36273 826450 SH SOLE 826450 0 CHINA NAT GAS INC COM NEW 168910206 14721 1214600 SH SOLE 1198300 16300 CHINA-BIOTICS INC COM 16937B109 6400 400000 SH SOLE 400000 0 CIMAREX ENERGY CO COM 171798101 42645 984415 SH SOLE 961275 23140 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 35562 937575 SH SOLE 913475 24100 COMPUTER TASK GROUP INC COM 205477102 18116 2233800 SH SOLE 2158700 75100 CONCURRENT COMPUTER CORP NEW COM PAR $.01 206710402 1150 250000 SH SOLE 250000 0 CONMED CORP COM 207410101 32897 1716050 SH SOLE 1716050 0 CONOCOPHILLIPS COM 20825C104 972 21524 SH SOLE 21374 150 COOPER COS INC COM NEW 216648402 22116 743885 SH SOLE 731385 12500 COPA HOLDINGS SA CL A P31076105 11123 250000 SH SOLE 250000 0 COVIDIEN LTD COM G2554F105 15788 364966 SH SOLE 314956 50010 COWEN GROUP INC COM 223622101 4441 623697 SH SOLE 623697 0 CRANE CO COM 224399105 6277 243215 SH SOLE 243215 0 CTS CORP COM 126501105 5580 600000 SH SOLE 600000 0 DIGIRAD CORP COM 253827109 5130 1800000 SH SOLE 1800000 0 DISCOVERY LABORATORIES INC N COM 254668106 10781 7926900 SH SOLE 7866000 60900 DUCKWALL-ALCO STORES INC NEW COM 264142100 7471 416200 SH SOLE 415500 700 DYNAMICS RESH CORP COM 268057106 16106 1237058 SH SOLE 1180264 56794 EASTERN VA BANKSHARES INC COM 277196101 1503 182000 SH SOLE 182000 0 EFJ INC COM 26843B101 3102 2314675 SH SOLE 2314675 0 ELECTRONIC ARTS INC COM 285512109 9786 513690 SH SOLE 432490 81200 EMAK WORLDWIDE INC COM 26861V104 1114 877139 SH SOLE 877139 0 EMS TECHNOLOGIES INC COM 26873N108 3123 150000 SH SOLE 150000 0 ENCORE CAP GROUP INC COM 292554102 30669 2280250 SH SOLE 2204750 75500 ENCORE WIRE CORP COM 292562105 4468 200000 SH SOLE 200000 0 ENSIGN GROUP INC COM 29358P101 16770 1195280 SH SOLE 1155080 40200 EPLUS INC COM 294268107 6220 400000 SH SOLE 400000 0 EVOLVING SYS INC COM 30049R209 221 31815 SH SOLE 31815 0 EXTREME NETWORKS INC COM 30226D106 17320 6185600 SH SOLE 5935600 250000 FEDERAL SIGNAL CORP COM 313855108 24281 3377000 SH SOLE 3365800 11200 FINISH LINE INC CL A 317923100 7561 744150 SH SOLE 744150 0 FIRST NIAGARA FINL GP INC COM 33582V108 12304 997875 SH SOLE 997875 0 FIRSTCITY FINL CORP COM 33761X107 11629 1401041 SH SOLE 1326541 74500 FLANDERS CORP COM 338494107 13712 2657337 SH SOLE 2572437 84900 FLEXSTEEL INDS INC COM 339382103 839 100000 SH SOLE 100000 0 FORCE PROTECTION INC COM NEW 345203202 32562 5963653 SH SOLE 5900253 63400 FOREST LABS INC COM 345838106 14507 492770 SH SOLE 420575 72195 FORRESTER RESH INC COM 346563109 3996 150000 SH SOLE 150000 0 FREDS INC CL A 356108100 19503 1532075 SH SOLE 1532075 0 FREIGHTCARE AMER INC COM 357023100 17987 740200 SH SOLE 740200 0 FRONTIER OIL CORP COM 35914P105 20175 1449350 SH SOLE 1448820 530 FUELCELL ENERGY INC COM 35952H106 20637 4832950 SH SOLE 4751150 81800 GALLAGHER ARTHUR J & CO COM 363576109 10285 422050 SH SOLE 422050 0 GAMMON GOLD INC COM 36467T106 23511 2749400 SH SOLE 2732200 17200 GATX CORP COM 361448103 7380 264050 SH SOLE 264050 0 GENERAL DYNAMICS CORP COM 369550108 12442 192599 SH SOLE 163849 28750 GENTEX CORP COM 371901109 6999 494595 SH SOLE 425535 69060 GLOBECOMM SYSTEMS INC COM 37956X103 1172 161250 SH SOLE 161250 0 GOLDEN STAR RES LTD CDA COM 38119T104 8586 2547800 SH SOLE 2404700 143100 GOODRICH CORP COM 382388106 5541 101960 SH SOLE 67480 34480 HAMPSHIRE GROUP LTD COM 408859106 1355 519000 SH SOLE 519000 0 HANOVER INS GROUP INC COM 410867105 8634 208900 SH SOLE 208900 0 HARLEYSVILLE GROUP INC COM 412824104 7658 241960 SH SOLE 241960 0 HAWAIIAN ELEC INDUSTRIES COM 419870100 9913 547080 SH SOLE 467755 79325 HAWTHORN BANKSHARES INC COM 420476103 1208 120889 SH SOLE 120889 0 HCC INS HLDGS INC COM 404132102 9968 364475 SH SOLE 364475 0 HEALTHTRONICS INC COM 42222L107 744 302550 SH SOLE 300784 1766 HECKMAN CORP COM 422680108 916 200000 SH SOLE 200000 0 HEIDRICK & STRUGGLES INTL IN COM 422819102 5665 243565 SH SOLE 243565 0 HERLEY INDS INC DEL COM 427398102 4342 332719 SH SOLE 332719 0 HF FINL CORP COM 404172108 2745 250000 SH SOLE 250000 0 HILL ROM HLDGS INC COM 431475102 28587 1312525 SH SOLE 1312525 0 HILLENBRAND INC COM 431571108 6504 319300 SH SOLE 319300 0 HLS SYSTEMS INTERNATIONAL LT USD COM G45667105 33334 3512487 SH SOLE 3512487 0 HOME DIAGNOSTICS INC DEL COM 437080104 5070 750000 SH SOLE 750000 0 HOOPER HOLMES INC COM 439104100 12784 13179307 SH SOLE 12595600 583707 HORACE MANN EDUCATORS CORP N COM 440327104 13215 945950 SH SOLE 945950 0 HORMEL FOODS CORP COM 440452100 11686 328999 SH SOLE 282410 46589 HOSPIRA INC COM 441060100 15136 339378 SH SOLE 292578 46800 HUDSON HIGHLAND GROUP INC COM 443792106 3215 1057560 SH SOLE 1057560 0 IAMGOLD CORP COM 450913108 8279 585845 SH SOLE 523410 62435 IMAGE SENSING SYS INC COM 45244C104 2338 180300 SH SOLE 180300 0 IMS HEALTH INC COM 449934108 20516 1336550 SH SOLE 1336550 0 INTEGRYS ENERGY GROUP INC COM 45822P105 13406 373535 SH SOLE 321410 52125 INTEL CORP COM 458140100 11239 574283 SH SOLE 492348 81935 INTERDIGITAL INC COM 45867G101 44364 1915545 SH SOLE 1881895 33650 INTERSECTIONS INC COM 460981301 14148 2452065 SH SOLE 2358091 93974 INVACARE CORP COM 461203101 31213 1400925 SH SOLE 1400925 0 INVENTURE GROUP INC COM 461214108 9461 3343204 SH SOLE 3292904 50300 INVESTORS BANCORP INC COM 46146P102 10030 945356 SH SOLE 814096 131260 JINPAN INTL LTD ORD G5138L100 1220 38100 SH SOLE 38100 0 JOHNSON & JOHNSON COM 478160104 12326 202434 SH SOLE 175169 27265 JOHNSON CTLS INC COM 478366107 15066 589430 SH SOLE 503995 85435 JOHNSON OUTDOORS INC COM 479167108 390 43358 SH SOLE 43358 0 KAISER ALUMINUM CORP COM PAR $0.01 483007704 11385 313125 SH SOLE 313125 0 KANSAS CITY SOUTHERN COM NEW 485170302 7317 276210 SH SOLE 238985 37225 KOHLS CORP COM 500255104 14303 250710 SH SOLE 211515 39195 LACROSSE FOOTWARE INC COM 505688101 2349 191774 SH SOLE 191774 0 LAKELAND INDS INC COM 511795106 4213 510000 SH SOLE 510000 0 LANTRONIX INC COM 516548104 4571 8020000 SH SOLE 8020000 0 LECG CORP COM 523234102 12911 3678400 SH SOLE 3549200 129200 LSI CORPORATION COM 502161102 110 20000 SH SOLE 20000 0 MAGNETEK INC COM 559424106 4991 3199500 SH SOLE 3199500 0 MARSHALL & ILSLEY CORP COM 571837103 21464 2659755 SH SOLE 2530255 129500 MARTEN TRANS LTD COM 573075108 5118 300000 SH SOLE 300000 0 MASTEC INC COM 576323109 9426 775790 SH SOLE 664640 111150 MAXIMUS INC COM 577933104 20869 447825 SH SOLE 447825 0 MDU RES GROUP INC COM 552690109 12919 619600 SH SOLE 530010 89590 MEADOWBROOK INS GROUP INC COM 58319P108 1850 250000 SH SOLE 250000 0 MEDICAL STAFFING NTWK HLDGS COM 58463F104 682 1239500 SH SOLE 1239500 0 MEDTOX SCIENTIFIC INC COM NEW 584977201 3640 400000 SH SOLE 400000 0 MEMC ELECTR MATLS INC COM 552715104 8375 503635 SH SOLE 427175 76460 MET PRO CORP COM 590876306 3554 366781 SH SOLE 366781 0 MFRI INC COM 552721102 4262 576000 SH SOLE 576000 0 MICREL INC COM 594793101 27780 3408575 SH SOLE 3408575 0 MIDWAY GOLD CORP COM 598153104 2102 3000000 SH SOLE 3000000 0 MOCON INC COM 607494101 1698 200000 SH SOLE 200000 0 MONTEREY GOURMET FOODS INC COM 612570101 3925 1933400 SH SOLE 1933400 0 NATIONAL DENTEX CORP COM 63563H109 4470 524682 SH SOLE 524682 0 NAVIGANT CONSULTING INC COM 63935N107 34324 2542500 SH SOLE 2542200 300 NEWPARK RES INC COM PAR $.01NEW 651718504 16072 5006825 SH SOLE 5006825 0 NOAH ED HLDGS LTD ADR 65487R303 1000 200000 SH SOLE 200000 0 O I CORP COM 670841105 1734 245900 SH SOLE 245900 0 OBAGI MEDICAL PRODUCTS INC COM 67423R108 4060 350000 SH SOLE 350000 0 OCLARO INC COM 67555N107 21 19163 SH SOLE 19163 0 OIL DRI CORP AMER COM 677864100 10355 714125 SH SOLE 696750 17375 OMNICARE INC COM 681904108 23725 1053500 SH SOLE 1053500 0 OMNICELL INC COM 68213N109 6684 600000 SH SOLE 600000 0 OMNOVA SOLUTIONS INC COM 682129101 10692 1650000 SH SOLE 1650000 0 OPNET TECHNOLOGIES INC COM 683757108 1144 104711 SH SOLE 104711 0 ORIGIN ARGITECH LIMITED SHS G67828106 18695 3838787 SH SOLE 3639087 199700 ORION ENERGY SYSTEMS INC COM 686275108 783 250000 SH SOLE 250000 0 OSTEOTECH INC COM 688582105 11451 2573367 SH SOLE 2429357 144010 OVERSEAS SHIPHOLDING GROUP I COM 690368105 7987 213715 SH SOLE 213715 0 PACIFIC PREMIER BANCORP COM 69478X105 1003 233267 SH SOLE 233267 0 PALL CORP COM 696429307 33790 1046775 SH SOLE 1046775 0 PARK ELECTROCHEMICAL CORP COM 700416209 21884 887775 SH SOLE 887775 0 PC-TEL INC COM 69325Q105 4188 670000 SH SOLE 670000 0 PDI INC COM 69329V100 9075 1981548 SH SOLE 1878248 103300 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 10746 4592458 SH SOLE 4375335 217123 PFIZER INC COM 717081103 343 20750 SH SOLE 15750 5000 PHOENIX FOOTWEAR GROUP INC COM 71903M100 374 796000 SH SOLE 796000 0 PLEXUS CORP COM 729132100 10670 405100 SH SOLE 338075 67025 PNC FINL SVCS GROUP INC COM 693475105 15240 313648 SH SOLE 268178 45470 POLYMET MINING CORP COM 2342498 9230 3504000 SH SOLE 3504000 0 PORTEC RAIL PRODS INC COM 736212101 7679 809201 SH SOLE 769701 39500 PRESIDENTIAL LIFE CORP COM 740884101 10360 1000000 SH SOLE 1000000 0 PROVIDENT FINL SVCS INC COM 74386T105 4116 400000 SH SOLE 400000 0 QUESTCOR PHARMACEUTICALS INC COM 74835Y101 5520 1000000 SH SOLE 1000000 0 QUIXOTE CORP COM 749056107 1370 550000 SH SOLE 550000 0 RAYMOND JAMES FINANCIAL INC COM 754730109 20477 879595 SH SOLE 758930 120665 RCM TECHNOLOGIES INC COM NEW 749360400 2240 1000000 SH SOLE 1000000 0 REGIONS FINANCIAL CORP NEW COM 7591EP100 3996 643500 SH SOLE 559585 83915 RENASANT CORP COM 75970E107 2970 200000 SH SOLE 200000 0 RICHARDSON ELECTRS LTD COM 763165107 7140 1400000 SH SOLE 1400000 0 ROBBINS & MYERS INC COM 770196103 8643 368100 SH SOLE 368100 0 ROSETTA RESOURCES INC COM 777779307 22114 1505400 SH SOLE 1505400 0 RPC INC COM 749660106 5740 547750 SH SOLE 547750 0 SAFEWAY INC COM NEW 786514208 11158 565837 SH SOLE 482302 83535 SAGA COMMUNICATIONS CL A 786598300 1340 100000 SH SOLE 100000 0 SANGAMO BIOSCIENCES INC COM 800677106 7338 893800 SH SOLE 893800 0 SCHULMAN A INC COM 808194104 6379 320050 SH SOLE 320050 0 SENSIENT TECHNOLOGIES CORP COM 81725T100 26357 949100 SH SOLE 949100 0 SHOE CARNIVAL INC COM 824889109 6168 400000 SH SOLE 400000 0 SKYWORKS SOLUTIONS INC COM 83088M102 508 38400 SH SOLE 36300 2100 SOUTHERN CMNTY FINL CORP COM 842632101 897 300000 SH SOLE 300000 0 SOUTHERN UN CO NEW COM 844030106 12962 623490 SH SOLE 542301 81189 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 14448 800000 SH SOLE 800000 0 SRI/SURGICAL EXPRESS INC COM 78464W104 2435 863600 SH SOLE 863600 0 ST MARY LD & EXPL CO COM 792228108 50548 1557245 SH SOLE 1481215 76030 STAAR SURGICAL CO COM PAR $0.01 852312305 18590 4556450 SH SOLE 4399850 156600 STARTEK INC COM 85569C107 6510 750000 SH SOLE 750000 0 STATE AUTO FINL CORP COM 855707105 7856 438150 SH SOLE 438150 0 STELLARONE CORP COM 85856G100 4794 325000 SH SOLE 325000 0 STERIS CORP COM 859152100 46376 1523025 SH SOLE 1507825 15200 STRYKER CORP COM 863667101 10573 232725 SH SOLE 201360 31365 SUPERIOR INDS INTL INC COM 868168105 11820 832400 SH SOLE 832400 0 SUPREME INDS INC CL A 868607102 2440 1000000 SH SOLE 1000000 0 SWIFT ENERGY CO COM 870738101 31730 1339950 SH SOLE 1303550 36400 TECHTEAM GLOBAL INC COM 878311109 9919 1166900 SH SOLE 1145900 21000 TELEFLEX INC COM 879369106 17841 369310 SH SOLE 369310 0 TELVENT GIT SA SHS E90215109 4347 150000 SH SOLE 150000 0 TIDEWATER INC COM 886423102 13011 276310 SH SOLE 236445 39865 TIER TECHNOLOGIES INC CL B 88650Q100 14622 1724274 SH SOLE 1642024 82250 TIMKEN CO COM 887389104 11800 503625 SH SOLE 434180 69445 TONGXIN INTERNATIONAL LTD COM G8918T103 13952 1464000 SH SOLE 1464000 0 TORCHMARK CORP COM 891027104 12675 291840 SH SOLE 248745 43095 TRC COS INC COM 872625108 9137 2648500 SH SOLE 2546600 101900 TRICO BANCSHARES COM 896095106 2870 175000 SH SOLE 175000 0 TRINITY BIOTECH PLC SPON ADR NEW 896438306 6532 1653700 SH SOLE 1648700 5000 TRIUMPH GROUP INC NEW COM 896818101 20395 424985 SH SOLE 424985 0 TYCO ELECTRONICS LTD COM NEW H8912P106 12841 576355 SH SOLE 496855 79500 U S AIRWAYS GROUP INC COM 90341W108 17625 3750000 SH SOLE 3750000 0 UGI CORP NEW COM 902681105 1242 49565 SH SOLE 49215 350 UNIT CORP COM 909218109 42283 1025050 SH SOLE 1025050 0 UNUM GROUP COM 91529Y106 14874 693765 SH SOLE 594935 98830 UQM TECHNOLOGIES INC COM 903213106 11867 2063810 SH SOLE 2063810 0 UROPLASTY INC COM NEW 917277204 624 495150 SH SOLE 495150 0 VIRTUAL RADIOLOGIC CORPORATI COM 92826B104 9774 750100 SH SOLE 750100 0 WALGREEN CO COM 931422109 21106 563287 SH SOLE 482512 80775 WERNER ENTERPRISES INC COM 950755108 21933 1177310 SH SOLE 1086710 90600 WESTELL TECHNOLOGIES INC CL A 957541105 6384 4800000 SH SOLE 4800000 0 WHIRLPOOL CORP COM 963320106 8878 126900 SH SOLE 110265 16635 WILLIAMS CLAYTON ENERGY INC COM 969490101 11452 380209 SH SOLE 380209 0 WIRELESS RONIN TECHNOLOGIES COM 97652A203 6154 1714080 SH SOLE 1714080 0 WYETH COM 983024100 11824 243396 SH SOLE 208321 35075 ZAREBA SYSTEMS INC COM 989131107 874 176167 SH SOLE 176167 0 ZBB ENERGY CORPORATION COM 98876R204 1448 1041667 SH SOLE 1041667 0 ZHONGPIN INC COM 98952K107 15808 1073900 SH SOLE 1036700 37200

Total for Securities Values 2720898 Total for Number of Securities 236