13F-HR 1 v240297_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: September 30, 2011 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 14, 2011 ------------------ -------------------- ----------------- [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: 232 ----------- Form 13F Information Table Value Total: $ 3827068 ----------- (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

Adjusted 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 ------------------------------- -------------- --------- ---------- --------- --- ---- ------- -------- ------ ------ ------- ASSET ACCEP CAP CORP COM 04543P100 15156 4497384 SH SOLE 4392784 - 104600 ABB LTD SPONSORED ADR 000375204 17483 1023579 SH SOLE 906729 - 116850 ABBOTT LABS COM 002824100 28039 548273 SH SOLE 483268 - 65005 ARCHER DANIELS MIDLAND CO COM 039483102 20837 839856 SH SOLE 744346 - 95510 AMERICAN DENTAL PARTNERS COM 025353103 5313 550000 SH SOLE 550000 - 0 INSITUFORM TECHNOLOGIES INC CL A 457667103 2316 200000 SH SOLE 200000 - 0 GALLAGHER ARTHUR J & CO COM 363576109 32780 1246385 SH SOLE 1246385 - 0 ALLEGIANT TRAVEL CO COM 01748X102 9426 200000 SH SOLE 200000 - 0 ALLSTATE CORP COM 020002101 571 24105 SH SOLE 19555 - 4550 ANALOGIC CORP COM PAR $0.05 032657207 69476 1529980 SH SOLE 1529980 - 0 AMERICAN GREETINGS CORP CL A 026375105 11538 623676 SH SOLE 557836 - 65840 ANALYSTS INTL CORP COM 032681207 1499 473000 SH SOLE 473000 - 0 ACCURAY INC COM 004397105 24530 6102078 SH SOLE 5876584 - 225494 ASSOCIATED BANC CORP COM 045487105 38796 4171658 SH SOLE 4122358 - 49300 ASTEC INDS INC COM 046224101 5856 200000 SH SOLE 200000 - 0 ATMI INC COM 00207R101 23326 1474434 SH SOLE 1302222 - 172212 AURICO GOLD INC COM 05155C105 95273 10094649 SH SOLE 9609524 - 485125 AMERICAN VANGUARD CORP COM 030371108 52969 4746285 SH SOLE 4746285 - 0 AVNET INC COM 053807103 21449 822419 SH SOLE 730222 - 92197 AVX CORP NEW COM 002444107 17523 1476215 SH SOLE 1476215 - 0 AVERY DENNISON CORP COM 053611109 5531 220520 SH SOLE 181170 - 39350 ALEXCO RESOURCE CORP. COM 01535P106 4560 672500 SH SOLE 591300 - 81200 BARNES GROUP COM 067806109 28579 1484620 SH SOLE 1484620 - 0 BARRETT BILL CORP COM 06846N104 14496 400000 SH SOLE 400000 - 0 BLACK BOX CORP DEL COM 091826107 20670 968170 SH SOLE 968170 - 0 BARRETT BUSINESS SERVICES IN COM 068463108 6970 500000 SH SOLE 500000 - 0 BB&T CORP COM 054937107 24039 1126995 SH SOLE 999100 - 127895 BUNGE LIMITED COM G16962105 20634 353993 SH SOLE 315459 - 38534 BGC PARTNERS INC CL A 05541T101 22709 3766035 SH SOLE 3766035 - 0 BENCHMARK ELECTRS INC COM 08160H101 25888 1989847 SH SOLE 1763000 - 226847 BERKSHIRE HILLS BANCORP INC COM 084680107 22498 1218065 SH SOLE 1218065 - 0 BIOCLINICA INC COM 09071B100 6148 1257303 SH SOLE 1257303 - 0 BIOSCRIP INC COM 09069N108 28379 4462151 SH SOLE 4228051 - 234100 ACTUATE CORP COM 00508B102 1380 250000 SH SOLE 250000 - 0 BLACK HILLS CORP COM 092113109 29134 950837 SH SOLE 846807 - 104030 BOFI HLDG INC COM 05566U108 2692 200000 SH SOLE 200000 - 0 LACROSSE FOOTWARE INC COM 505688101 2270 175000 SH SOLE 175000 - 0 BP PLC SPONSORED ADR 055622104 1136 31505 SH SOLE 24405 - 7100 BOSTON SCIENTIFIC CORP COM 101137107 22151 3748129 SH SOLE 3331019 - 417110 BROWN SHOE INC NEW COM 115736100 7120 1000000 SH SOLE 1000000 - 0 CASTLE A M & CO COM 148411101 2735 250000 SH SOLE 250000 - 0 CAMBREX CORP COM 132011107 10080 2000000 SH SOLE 2000000 - 0 CONCURRENT COMPUTER CORP NEW COM PAR $.01 206710402 2416 432961 SH SOLE 432961 - 0 COEUR D ALENE MINES CORP COM NEW 192108504 5360 250000 SH SOLE 250000 - 0 C D I CORP COM 125071100 16866 1579220 SH SOLE 1579220 - 0 CHEMED CORP NEW COM 16359R103 44451 808780 SH SOLE 808780 - 0 CLOUD PEAK ENERGY INC COM 18911Q102 20008 1180415 SH SOLE 1043355 - 137060 COMMERCIAL METALS CO COM 201723103 8559 900000 SH SOLE 900000 - 0 CASUAL MALE RETAIL GRP INC COM 148711302 2256 600000 SH SOLE 600000 - 0 CONMED CORP COM 207410101 46570 2023895 SH SOLE 2023895 - 0 CAPITAL ONE FINL CORP COM 14040H105 23964 604695 SH SOLE 538540 - 66155 COHU INC COM 192576106 3952 400000 SH SOLE 400000 - 0 COVIDIEN PLC SHS G2554F113 21358 484299 SH SOLE 429714 - 54585 CHINA PHARMA HLDGS INC COM 16941T104 2508 2511488 SH SOLE 2373955 - 137533 COMSTOCK RES INC COM NEW 205768203 9292 601065 SH SOLE 588765 - 12300 CENTERSTATE BANKS INC COM 15201P109 9416 1800385 SH SOLE 1800385 - 0 COMPUTER TASK GROUP INC COM 205477102 22594 2022700 SH SOLE 1951400 - 71300 CTS CORP COM 126501105 19417 2388330 SH SOLE 2388330 - 0 CVS CAREMARK CORPORATION COM 126650100 30068 895415 SH SOLE 790698 - 104717 WILLIAMS CLAYTON ENERGY INC COM 969490101 5351 125000 SH SOLE 125000 - 0 DENNYS CORP COM 24869P104 6660 2000000 SH SOLE 2000000 - 0 QUEST DIAGNOSTICS INC COM 74834L100 26086 528492 SH SOLE 468157 - 60335 DIGIRAD CORP COM 253827109 3978 1800000 SH SOLE 1800000 - 0 DYNAMICS RESH CORP COM 268057106 12035 1349169 SH SOLE 1287875 - 61294 DUCKWALL-ALCO STORES INC NEW COM 264142100 3561 380400 SH SOLE 380400 - 0 DEVON ENERGY CORP NEW COM 25179M103 18312 330305 SH SOLE 291925 - 38380 ENCANA CORP COM 292505104 15261 794430 SH SOLE 700285 - 94145 ENCORE CAP GROUP INC COM 292554102 8740 400000 SH SOLE 400000 - 0 ELECTRO RENT CORP COM 285218103 15118 1094725 SH SOLE 1094725 - 0 EMCOR GROUP INC COM 29084Q100 19830 975415 SH SOLE 864171 - 111244 ENSIGN GROUP INC COM 29358P101 25392 1098750 SH SOLE 1068260 - 30490 ENSCO PLC SPONSORED ADR 29358Q109 21603 534335 SH SOLE 471575 - 62760 EXTREME NETWORKS INC COM 30226D106 14921 5630400 SH SOLE 5442500 - 187900 FIRSTCITY FINL CORP COM 33761X107 10281 1546000 SH SOLE 1460800 - 85200 FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 13884 1296334 SH SOLE 1147309 - 149025 FLANDERS CORP COM 338494107 14571 4939385 SH SOLE 4672560 - 266825 FREDS INC CL A 356108100 39318 3688410 SH SOLE 3651110 - 37300 FORCE PROTECTION INC COM NEW 345203202 22875 5941503 SH SOLE 5859003 - 82500 FEDERAL SIGNAL CORP COM 313855108 31712 7174740 SH SOLE 7094440 - 80300 FOREST OIL CORP COM PAR $0.01 346091705 7230 502100 SH SOLE 502100 - 0 FOSTER L B CO COM 350060109 2067 92963 SH SOLE 92963 - 0 FULLER H B CO COM 359694106 5466 300000 SH SOLE 300000 - 0 GLACIER BANCORP INC NEW COM 37637Q105 15360 1639245 SH SOLE 1639245 - 0 GULF ISLAND FABRICATION INC COM 402307102 24433 1181495 SH SOLE 1181495 - 0 SPDR GOLD TRUST GOLD SHS 78463V107 204 1290 SH SOLE 890 - 400 GATX CORP COM 361448103 33669 1086440 SH SOLE 1086440 - 0 GOLDEN STAR RES LTD CDA COM 38119T104 34196 18384900 SH SOLE 17722075 - 662825 GRANITE CONSTR INC COM 387328107 23004 1225590 SH SOLE 1225590 - 0 HARDINGE INC COM 412324303 3296 400000 SH SOLE 400000 - 0 HAWAIIAN ELEC INDUSTRIES COM 419870100 25730 1059707 SH SOLE 939565 - 120142 HOLLYFRONTIER CORP COM 436106108 46932 1789914 SH SOLE 1789914 - 0 HF FINL CORP COM 404172108 3003 350000 SH SOLE 350000 - 0 HERITAGE FINL CORP WASH COM 42722X106 2760 250000 SH SOLE 250000 - 0 HOOPER HOLMES INC COM 439104100 8986 13614623 SH SOLE 12874616 - 740007 HUDSON HIGHLAND GROUP INC COM 443792106 11692 3418771 SH SOLE 3297771 - 121000 HARTE-HANKS INC COM 416196103 27554 3249265 SH SOLE 3249265 - 0 HORACE MANN EDUCATORS CORP N COM 440327104 18907 1657050 SH SOLE 1657050 - 0 HARMONY GOLD MINING LTD SPONSORED ADR 413216300 0 65000 SH SOLE 65000 - 0 HILL ROM HLDGS INC COM 431475102 15010 500000 SH SOLE 500000 - 0 HORIZON TECHNOLOGY FIN CORP COM 44045A102 680 46400 SH SOLE 34900 - 11500 HEIDRICK & STRUGGLES INTL IN COM 422819102 28140 1710619 SH SOLE 1677719 - 32900 HEALTHWAYS INC COM 422245100 3932 400000 SH SOLE 400000 - 0 HAWTHORN BANCSHARES INC COM 420476103 1708 236184 SH SOLE 236184 - 0 INTERDIGITAL INC COM 45867G101 18632 400000 SH SOLE 400000 - 0 SEARCHMEDIA HOLDINGS LTD SHS G8005Y106 3307 1980000 SH SOLE 1980000 - 0 INDEPENDENT BANK CORP MASS COM 453836108 19063 876860 SH SOLE 876860 - 0 INTEL CORP COM 458140100 24450 1146293 SH SOLE 1013823 - 132470 INTERSECTIONS INC COM 460981301 16057 1249562 SH SOLE 1249562 - 0 INTREPID POTASH INC COM 46121Y102 6242 251000 SH SOLE 251000 - 0 INLAND REAL ESTATE CORP COM NEW 457461200 24315 3330890 SH SOLE 2967735 - 363155 IRIDEX CORP COM 462684101 1854 495684 SH SOLE 495684 - 0 INVACARE CORP COM 461203101 46549 2020375 SH SOLE 2020375 - 0 JETBLUE AIRWAYS CORP COM 477143101 4510 1100000 SH SOLE 1100000 - 0 JOHNSON CTLS INC COM 478366107 23870 905188 SH SOLE 805909 - 99279 JANUS CAP GROUP INC COM 47102X105 9000 1500000 SH SOLE 1500000 - 0 KAISER ALUMINUM CORP COM PAR $0.01 483007704 41144 929185 SH SOLE 929185 - 0 KAYDON CORP COM 486587108 19907 694095 SH SOLE 694095 - 0 KID BRANDS INC COM 49375T100 1980 750000 SH SOLE 750000 - 0 KOPIN CORP COM 500600101 6156 1794700 SH SOLE 1700800 - 93900 KOHLS CORP COM 500255104 1125 22915 SH SOLE 17915 - 5000 LAKELAND INDS INC COM 511795106 4029 516500 SH SOLE 516500 - 0 LYDALL INC DEL COM 550819106 6230 700000 SH SOLE 700000 - 0 LEGGETT & PLATT INC COM 524660107 1666 84166 SH SOLE 84166 - 0 LHC GROUP INC COM 50187A107 3412 200000 SH SOLE 200000 - 0 LINCOLN EDL SVCS CORP COM 533535100 8001 989050 SH SOLE 958850 - 30200 SNYDERS-LANCE INC COM 833551104 16387 785960 SH SOLE 785960 - 0 GRAND CANYON ED INC COM 38526M106 12332 763566 SH SOLE 762166 - 1400 LANTRONIX INC COM NEW 516548203 1799 977557 SH SOLE 977557 - 0 MAGNETEK INC COM 559424106 2756 2995641 SH SOLE 2995641 - 0 MICREL INC COM 594793101 42657 4504465 SH SOLE 4504465 - 0 MEREDITH CORP COM 589433101 22911 1011990 SH SOLE 1011990 - 0 MFRI INC COM 552721102 4147 576000 SH SOLE 576000 - 0 MEADOWBROOK INS GROUP INC COM 58319P108 2228 250000 SH SOLE 250000 - 0 MOCON INC COM 607494101 3951 250000 SH SOLE 250000 - 0 MARATHON PETE CORP COM 56585A102 15919 588277 SH SOLE 518753 - 69524 MET PRO CORP COM 590876306 668 77900 SH SOLE 77900 - 0 MARATHON OIL CORP COM 565849106 13540 627411 SH SOLE 559361 - 68050 MARTEN TRANS LTD COM 573075108 5172 300000 SH SOLE 300000 - 0 MICROSOFT CORP COM 594918104 1366 54867 SH SOLE 42802 - 12065 MIDSOUTH BANCORP INC COM 598039105 4300 400000 SH SOLE 400000 - 0 MATERION CORP COM 576690101 21491 947595 SH SOLE 947595 - 0 MASTEC INC COM 576323109 16557 940179 SH SOLE 831308 - 108871 NAVIGANT CONSULTING INC COM 63935N107 36520 3939580 SH SOLE 3939580 - 0 NCR CORP NEW COM 62886E108 4352 257665 SH SOLE 257665 - 0 NORTH VALLEY BANCORP COM NEW 66304M204 5953 633333 SH SOLE 633333 - 0 NATIONAL PENN BANCSHARES INC COM 637138108 7645 1090650 SH SOLE 1090650 - 0 NEWPARK RES INC COM PAR $.01NEW 651718504 35091 5762101 SH SOLE 5613900 - 148201 NORTHWEST PIPE CO COM 667746101 13552 667900 SH SOLE 649300 - 18600 OMNICARE INC COM 681904108 82021 3225365 SH SOLE 3196965 - 28400 OIL DRI CORP AMER COM 677864100 3716 200000 SH SOLE 200000 - 0 OLIN CORP COM PAR $1 680665205 49620 2755140 SH SOLE 2755140 - 0 OLD NATL BANCORP IND COM 680033107 39016 4186215 SH SOLE 4186215 - 0 OVERSEAS SHIPHOLDING GROUP l COM 690368105 33645 2448690 SH SOLE 2402910 - 45780 PACER INTL INC TENN COM 69373H106 1875 500000 SH SOLE 500000 - 0 PACIFIC CONTINENTAL CORP COM 69412V108 1773 250000 SH SOLE 250000 - 0 P C CONNECTION COM 69318J100 798 100000 SH SOLE 100000 - 0 PC-TEL INC COM 69325Q105 4121 670000 SH SOLE 670000 - 0 PIONEER DRILLING CO COM 723655106 6879 958100 SH SOLE 958100 - 0 PDI INC COM 69329V100 14997 2238375 SH SOLE 2168375 - 70000 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 10033 8360500 SH SOLE 7877500 - 483000 PFIZER INC COM 717081103 24366 1378163 SH SOLE 1215020 - 163143 PROVIDENT FINL SVCS INC COM 74386T105 17663 1643025 SH SOLE 1643025 - 0 PARK ELECTROCHEMICAL CORP COM 700416209 30043 1405850 SH SOLE 1405850 - 0 EPLUS INC COM 294268107 9868 400000 SH SOLE 400000 - 0 PHARMERICA CORP COM 71714F104 21778 1526165 SH SOLE 1526165 - 0 PNC FINL SVCS GROUP INC COM 693475105 21190 439712 SH SOLE 390541 - 49171 PNM RES INC COM 69349H107 36602 2227748 SH SOLE 2023068 - 204680 POWELL INDS INC COM 739128106 9291 300000 SH SOLE 300000 - 0 PATTERSON UTI ENERGY INC COM 703481101 43171 2489655 SH SOLE 2489655 - 0 POWER ONE INC NEW COM 73930R102 6232 1384905 SH SOLE 1239385 - 145520 QUANTA SVCS INC COM 74762E102 18338 975955 SH SOLE 854795 - 121160 FREIGHTCAR AMER INC COM 357023100 17191 1192985 SH SOLE 1192985 - 0 ROBBINS & MYERS INC COM 770196103 59459 1713015 SH SOLE 1713015 - 0 RCM TECHNOLOGIES INC COM NEW 749360400 4939 1100000 SH SOLE 1100000 - 0 RICHARDSON ELECTRS LTD COM 763165107 6805 500000 SH SOLE 500000 - 0 RF MICRODEVICES INC COM 749941100 22693 3579320 SH SOLE 3138895 - 440425 RAYMOND JAMES FINANCIAL INC COM 754730109 19322 744286 SH SOLE 663479 - 80807 RENASANT CORP COM 75970E107 20169 1584335 SH SOLE 1584335 - 0 RTI INTL METALS INC COM 74973W107 15981 685290 SH SOLE 595110 - 90180 RTI BIOLOGICS INC COM 74975N105 2468 750000 SH SOLE 750000 - 0 RUTHS HOSPITALITY GROUP INC COM 783332109 2145 500000 SH SOLE 500000 - 0 SAIA INC COM 78709Y105 4208 400000 SH SOLE 400000 - 0 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 2452 52900 SH SOLE 52900 - 0 SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 27233 1254960 SH SOLE 1254960 - 0 SWIFT ENERGY CO COM 870738101 10357 425500 SH SOLE 406800 - 18700 SAGA COMMUNICATIONS INC CL A NEW 786598300 3294 111626 SH SOLE 111626 - 0 STONE ENERGY CORP COM 861642106 25604 1579525 SH SOLE 1579525 - 0 SCHULMAN A INC COM 808194104 8495 500000 SH SOLE 500000 - 0 SELECTIVE INS GROUP INC COM 816300107 11205 858654 SH SOLE 749309 - 109345 INVENTURE FOODS INC COM 461212102 7412 1900622 SH SOLE 1900622 - 0 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 14001 877800 SH SOLE 856100 - 21700 STARTEK INC COM 85569C107 4275 1500000 SH SOLE 1500000 - 0 STAAR SURGICAL CO COM PAR $0.01 852312305 10937 1402217 SH SOLE 1387917 - 14300 STERIS CORP COM 859152100 47367 1618265 SH SOLE 1618265 - 0 STELLARONE CORP COM 85856G100 16523 1660580 SH SOLE 1660580 - 0 STATE AUTO FINL CORP COM 855707105 20296 1543440 SH SOLE 1543440 - 0 SCORPIO TANKERS INC SHS Y7542C106 3696 700000 SH SOLE 700000 - 0 SRI/SURGICAL EXPRESS INC COM 78464W104 2660 560000 SH SOLE 560000 - 0 SUPREME INDS INC CL A 868607102 2534 1230000 SH SOLE 1230000 - 0 SUPERIOR INDS INTL INC COM 868168105 20899 1352660 SH SOLE 1352660 - 0 SAFEWAY INC COM NEW 786514208 21186 1273937 SH SOLE 1126082 - 147855 SENSIENT TECHNOLOGIES CORP COM 81725T100 37591 1154855 SH SOLE 1154855 - 0 SYMETRA FINL CORP COM 87151Q106 1576 193385 SH SOLE 193385 - 0 SYNOVIS LIFE TECHNOLOGIES IN COM 87162G105 5010 300000 SH SOLE 300000 - 0 SYSCO CORP COM 871829107 1618 62460 SH SOLE 62460 - 0 AT&T INC COM 00206R102 24545 860622 SH SOLE 761568 - 99054 MOLSON COORS BREWING CO CL B 60871R209 1474 37221 SH SOLE 37221 - 0 TRICO BANCSHARES COM 896095106 13433 1094805 SH SOLE 1094805 - 0 TIDEWATER INC COM 886423102 20566 489095 SH SOLE 432520 - 56575 TE CONNECTIVITY LTD REG SHS H84989104 21180 752673 SH SOLE 667224 - 85449 TELEFLEX INC COM 879369106 55465 1031525 SH SOLE 1031525 - 0 TIER TECHNOLOGIES INC CL B 88650Q100 3506 950000 SH SOLE 950000 - 0 TORCHMARK CORP COM 891027104 666 19114 SH SOLE 19114 - 0 TRINITY BIOTECH PLC SPON ADR NEW 896438306 12824 1400000 SH SOLE 1400000 - 0 TRC COS INC COM 872625108 7245 2406832 SH SOLE 2312275 - 94557 TETRA TECHNOLOGIES INC DEL COM 88162F105 5404 700000 SH SOLE 700000 - 0 TUESDAY MORNING CORP COM NEW 899035505 1760 500000 SH SOLE 500000 - 0 TEXAS INDS INC COM 882491103 17037 536757 SH SOLE 536757 - 0 UNIVERSAL FST PRODS INC COM 913543104 41989 1745903 SH SOLE 1639378 - 106525 ULTRALIFE CORP COM 903899102 2495 500000 SH SOLE 500000 - 0 UMPQUA HLDGS CORP COM 904214103 30491 3468835 SH SOLE 3468835 - 0 UNUM GROUP COM 91529Y106 20180 962809 SH SOLE 858026 - 104783 UNIT CORP COM 909218109 78495 2126095 SH SOLE 2115395 - 10700 URS CORP NEW COM 903236107 18378 619630 SH SOLE 550175 - 69455 WILLBROS GROUP INC DEL COM 969203108 5053 1211825 SH SOLE 1211825 - 0 ENCORE WIRE CORP COM 292562105 25735 1250500 SH SOLE 1250500 - 0 WEIS MKTS INC COM 948849104 26803 723230 SH SOLE 723230 - 0 WORTHINGTON INDS INC COM 981811102 21798 1560310 SH SOLE 1560310 - 0 WESTELL TECHNOLOGIES INC CL A 957541105 10368 4800000 SH SOLE 4800000 - 0 ZEP INC COM 98944B108 15771 1050000 SH SOLE 1050000 - 0 OLYMPIC STEEL INC COM 68162K106 5929 350000 SH SOLE 350000 - 0 ZIMMER HLDGS INC COM 98956P102 20596 384968 SH SOLE 339313 - 45655 TOTAL 3827068 TOTAL ENTRIES 232