13F-HR 1 v321229_13fhr.txt 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: June 30, 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: 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 August 14, 2012 ----------------- -------------------- --------------- [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: 245 ----------- Form 13F Information Table Value Total: $ 4,853,597 ----------- (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 AGNICO EAGLE MINES LTD COM 008474108 9601 237020 SH SOLE 221985 0 15035 AURICO GOLD INC COM 05155C105 80486 10017400 SH SOLE 9686120 0 331280 CISCO SYS INC COM 17275R102 21741 1266238 SH SOLE 1180683 0 85555 INTEL CORP COM 458140100 23414 878574 SH SOLE 823815 0 54759 MICROSOFT CORP COM 594918104 1206 39441 SH SOLE 26276 0 13165 ALCATEL-LUCENT SPONSORED ADR 013904305 481 292500 SH SOLE 292500 0 0 FLOW INTL CORP COM 343468104 694 220219 SH SOLE 220219 0 0 MOLEX INC CL A 608554200 1812 89805 SH SOLE 89805 0 0 CRA INTL INC COM 12618T105 1469 100000 SH SOLE 100000 0 0 AMERICAN PUBLIC EDUCATION IN COM 02913V103 4000 125000 SH SOLE 125000 0 0 ARGAN INC COM 04010E109 15929 1139400 SH SOLE 1094500 0 44900 AECOM TECHNOLOGY CORP DELAWA COM 00766T100 18305 1112765 SH SOLE 1051290 0 61475 GREENBRIER COS INC COM 393657101 1758 100000 SH SOLE 100000 0 0 HARSCO CORP COM 415864107 6382 313170 SH SOLE 309375 0 3795 INVENSENSE INC COM 46123D205 2825 250000 SH SOLE 250000 0 0 ORBITAL SCIENCES CORP COM 685564106 2584 200000 SH SOLE 200000 0 0 OWENS & MINOR INC NEW COM 690732102 36353 1186835 SH SOLE 1186835 0 0 REPUBLIC SVCS INC COM 760759100 1084 40970 SH SOLE 40970 0 0 RUBY TUESDAY INC COM 781182100 1703 250000 SH SOLE 250000 0 0 SPIRIT AIRLS INC COM 848577102 1946 100000 SH SOLE 100000 0 0 STAGE STORES INC COM NEW 85254C305 16160 882108 SH SOLE 882108 0 0 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 1666 45655 SH SOLE 45655 0 0 AAR CORP COM 000361105 4044 300000 SH SOLE 300000 0 0 ABB LTD SPONSORED ADR 000375204 16854 1032718 SH SOLE 963453 0 69265 ABBOTT LABS COM 002824100 27743 430325 SH SOLE 399435 0 30890 ACCURAY INC COM 004397105 42028 6144446 SH SOLE 5983846 0 160600 ACTUATE CORP COM 00508B102 1733 250000 SH SOLE 250000 0 0 AEGION CORP CL A 00770F104 3578 200000 SH SOLE 200000 0 0 AGCO CORP COM 001084102 22015 481409 SH SOLE 448549 0 32860 ALBANY INTL CORP CL A 012348108 24957 1333885 SH SOLE 1333885 0 0 AMERICAN GREETINGS CORP CL A 026375105 657 44942 SH SOLE 28992 0 15950 AMERICAN VANGUARD CORP COM 030371108 51740 1945840 SH SOLE 1945840 0 0 ANALOGIC CORP COM PAR $0.05 032657207 97164 1567159 SH SOLE 1567159 0 0 ANALYSTS INTL CORP COM 032681207 2017 478000 SH SOLE 478000 0 0 ARCHER DANIELS MIDLAND CO COM 039483102 23398 792600 SH SOLE 743070 0 49530 ASSET ACCEP CAP CORP COM 04543P100 30957 4552536 SH SOLE 4392336 0 160200 ASSOCIATED BANC CORP COM 045487105 51171 3879530 SH SOLE 3879530 0 0 ASTEC INDS INC COM 046224101 10738 350000 SH SOLE 350000 0 0 AT&T INC COM 00206R102 24456 685814 SH SOLE 643685 0 42129 ATMI INC COM 00207R101 22515 1094557 SH SOLE 1021045 0 73512 AVERY DENNISON CORP COM 053611109 1245 45525 SH SOLE 45525 0 0 AVNET INC COM 053807103 23506 761682 SH SOLE 713860 0 47822 AVX CORP NEW COM 002444107 19541 1827930 SH SOLE 1827930 0 0 BANK OF NEW YORK MELLON CORP COM 064058100 20792 947240 SH SOLE 884050 0 63190 BARNES GROUP INC COM 067806109 44625 1837185 SH SOLE 1837185 0 0 BARRETT BILL CORP COM 06846N104 10710 500000 SH SOLE 500000 0 0 BARRETT BUSINESS SERVICES IN COM 068463108 11627 550000 SH SOLE 550000 0 0 BB&T CORP COM 054937107 23898 774649 SH SOLE 726139 0 48510 BENCHMARK ELECTRS INC COM 08160H101 22781 1633021 SH SOLE 1530404 0 102617 BERKSHIRE HILLS BANCORP INC COM 084680107 26874 1221540 SH SOLE 1221540 0 0 BGC PARTNERS INC CL A 05541T101 24503 4174315 SH SOLE 4174315 0 0 BIOCLINICA INC COM 09071B100 6073 1257303 SH SOLE 1257303 0 0 BIOSCRIP INC COM 09069N108 26085 3510721 SH SOLE 3365321 0 145400 BLACK BOX CORP DEL COM 091826107 32129 1119465 SH SOLE 1119465 0 0 BLACK HILLS CORP COM 092113109 25024 777855 SH SOLE 731285 0 46570 BOFI HLDG INC COM 05566U108 4173 211162 SH SOLE 211162 0 0 BOSTON SCIENTIFIC CORP COM 101137107 28694 5060713 SH SOLE 4740488 0 320225 BP PLC SPONSORED ADR 055622104 949 23904 SH SOLE 16304 0 7600 BRIGGS & STRATTON CORP COM 109043109 25199 1440775 SH SOLE 1440775 0 0 BROWN SHOE INC NEW COM 115736100 12910 1000000 SH SOLE 1000000 0 0 BUNGE LIMITED COM G16962105 24442 389569 SH SOLE 366020 0 23549 C D I CORP COM 125071100 27169 1656665 SH SOLE 1656665 0 0 CAMBREX CORP COM 132011107 22688 2411075 SH SOLE 2363375 0 47700 CAPITAL ONE FINL CORP COM 14040H105 35242 644741 SH SOLE 606451 0 38290 CASUAL MALE RETAIL GRP INC COM NEW 148711302 2178 600000 SH SOLE 600000 0 0 CENTERSTATE BANKS INC COM 15201P109 12929 1808285 SH SOLE 1808285 0 0 COEUR D ALENE MINES CORP IDA COM NEW 192108504 7024 400000 SH SOLE 400000 0 0 COMMERCIAL METALS CO COM 201723103 30346 2400780 SH SOLE 2400780 0 0 COMPUTER TASK GROUP INC COM 205477102 28788 1920450 SH SOLE 1870900 0 49550 CONMED CORP COM 207410101 64443 2329000 SH SOLE 2329000 0 0 CON-WAY INC COM 205944101 47913 1326855 SH SOLE 1326855 0 0 CORNING INC COM 219350105 12106 936253 SH SOLE 882943 0 53310 COVIDIEN PLC SHS G2554F113 23181 433290 SH SOLE 406160 0 27130 CTS CORP COM 126501105 23008 2442485 SH SOLE 2442485 0 0 CVS CAREMARK CORPORATION COM 126650100 23423 501234 SH SOLE 469872 0 31362 CYBEROPTICS CORP COM 232517102 845 100000 SH SOLE 100000 0 0 DENNYS CORP COM 24869P104 8880 2000000 SH SOLE 2000000 0 0 DEVON ENERGY CORP NEW COM 25179M103 20741 357662 SH SOLE 334707 0 22955 DIGIRAD CORP COM 253827109 3978 1800000 SH SOLE 1800000 0 0 DUCKWALL-ALCO STORES INC NEW COM 264142100 3325 380400 SH SOLE 380400 0 0 DUN & BRADSTREET CORP DEL NE COM 26483E100 39357 552999 SH SOLE 552999 0 0 DYNAMICS RESH CORP COM 268057106 8762 1508019 SH SOLE 1421825 0 86194 ELECTRO RENT CORP COM 285218103 19265 1187008 SH SOLE 1187008 0 0 EMCOR GROUP INC COM 29084Q100 23994 862483 SH SOLE 804654 0 57829 ENCORE CAP GROUP INC COM 292554102 11848 400000 SH SOLE 400000 0 0 ENCORE WIRE CORP COM 292562105 42240 1577315 SH SOLE 1577315 0 0 ENDURANCE SPECIALTY HLDGS LT SHS G30397106 14565 380086 SH SOLE 357661 0 22425 ENSCO PLC SHS CLASS A G3157S106 24324 517856 SH SOLE 485096 0 32760 ENSIGN GROUP INC COM 29358P101 29923 1058476 SH SOLE 1015036 0 43440 EPLUS INC COM 294268107 12940 400000 SH SOLE 400000 0 0 ESCO TECHNOLOGIES INC COM 296315104 33829 928355 SH SOLE 928355 0 0 EXELIS INC COM 30162A108 986 100000 SH SOLE 100000 0 0 FEDERAL SIGNAL CORP COM 313855108 48840 8363065 SH SOLE 8363065 0 0 FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 17321 1216362 SH SOLE 1137962 0 78400 FIRSTCITY FINL CORP COM 33761X107 13166 1522100 SH SOLE 1422300 0 99800 FOREST OIL CORP COM PAR $0.01 346091705 1872 255400 SH SOLE 255400 0 0 FOSTER L B CO COM 350060109 4292 150000 SH SOLE 150000 0 0 FREDS INC CL A 356108100 61274 4007425 SH SOLE 3939975 0 67450 FREIGHTCAR AMER INC COM 357023100 27417 1193590 SH SOLE 1193590 0 0 FRONTIER OIL CORP COM 436106108 44763 1263430 SH SOLE 1263430 0 0 GATX CORP COM 361448103 53376 1386390 SH SOLE 1386390 0 0 GEOEYE INC COM 37250W108 4644 300000 SH SOLE 300000 0 0 GLACIER BANCORP INC NEW COM 37637Q105 28913 1866590 SH SOLE 1866590 0 0 GOLDEN STAR RES LTD CDA COM 38119T104 32448 27972500 SH SOLE 26596425 0 1376075 GRAND CANYON ED INC COM 38526M106 15705 750000 SH SOLE 750000 0 0 GRANITE CONSTR INC COM 387328107 47716 1827505 SH SOLE 1827505 0 0 GULF ISLAND FABRICATION INC COM 402307102 36193 1283000 SH SOLE 1283000 0 0 HARDINGE INC COM 412324303 4550 500000 SH SOLE 500000 0 0 HARRIS CORP DEL COM 413875105 1958 46786 SH SOLE 46786 0 0 HARTE-HANKS INC COM 416196103 32603 3567099 SH SOLE 3567099 0 0 HAWAIIAN HOLDINGS INC COM 419879101 6510 1000000 SH SOLE 1000000 0 0 HAWTHORN BANCSHARES INC COM 420476103 2248 245631 SH SOLE 245631 0 0 HEALTHWAYS INC COM 422245100 3990 500000 SH SOLE 500000 0 0 HEIDRICK & STRUGGLES INTL IN COM 422819102 35822 2046965 SH SOLE 2004665 0 42300 HERITAGE FINL CORP WASH COM 42722X106 3663 250000 SH SOLE 250000 0 0 HESS CORP COM 42809H107 19409 446691 SH SOLE 415971 0 30720 HF FINL CORP COM 404172108 4249 350000 SH SOLE 350000 0 0 HOOPER HOLMES INC COM 439104100 7495 13109201 SH SOLE 12263994 0 845207 HORACE MANN EDUCATORS CORP N COM 440327104 25355 1450510 SH SOLE 1450510 0 0 HORIZON TECHNOLOGY FIN CORP COM 44045A102 645 39163 SH SOLE 26363 0 12800 HOSPIRA INC COM 441060100 19802 566090 SH SOLE 528185 0 37905 HUDSON GLOBAL INC COM 443787106 17079 4095721 SH SOLE 3922421 0 173300 INDEPENDENT BANK CORP MASS COM 453836108 30053 1028860 SH SOLE 1028860 0 0 INLAND REAL ESTATE CORP COM NEW 457461200 21437 2558145 SH SOLE 2413450 0 144695 INTERDIGITAL INC COM 45867G101 10329 350000 SH SOLE 350000 0 0 INTERSECTIONS INC COM 460981301 19659 1240312 SH SOLE 1240312 0 0 INVACARE CORP COM 461203101 62012 4018940 SH SOLE 3970790 0 48150 INVENTURE FOODS INC COM 461212102 5336 847000 SH SOLE 847000 0 0 IRIDEX CORP COM 462684101 2010 500000 SH SOLE 500000 0 0 JANUS CAP GROUP INC COM 47102X105 17059 2181500 SH SOLE 2092000 0 89500 JETBLUE AIRWAYS CORP COM 477143101 2650 500000 SH SOLE 500000 0 0 JOHNSON CTLS INC COM 478366107 24625 888656 SH SOLE 833212 0 55444 KAISER ALUMINUM CORP COM PAR $0.01 483007704 50900 981870 SH SOLE 981870 0 0 KAYDON CORP COM 486587108 28245 1320455 SH SOLE 1320455 0 0 KID BRANDS INC COM 49375T100 1081 540504 SH SOLE 540504 0 0 KOHLS CORP COM 500255104 1254 27568 SH SOLE 18518 0 9050 LACROSSE FOOTWEAR INC COM 505688101 1906 175000 SH SOLE 175000 0 0 LAKELAND INDS INC COM 511795106 3652 516500 SH SOLE 516500 0 0 LANTRONIX INC COM NEW 516548203 2049 1004557 SH SOLE 1004557 0 0 LAYNE CHRISTENSEN CO COM 521050104 8276 400000 SH SOLE 400000 0 0 LEXMARK INTL NEW COM 529771107 1522 57275 SH SOLE 57275 0 0 LHC GROUP INC COM 50187A107 8480 500000 SH SOLE 500000 0 0 LINCOLN EDL SVCS CORP COM 533535100 15998 2461205 SH SOLE 2334955 0 126250 LYDALL INC DEL COM 550819106 9464 700000 SH SOLE 700000 0 0 MAGNETEK INC COM NEW 559424403 4632 299999 SH SOLE 299999 0 0 MANPOWERGROUP INC COM 56418H100 17912 488735 SH SOLE 455535 0 33200 MANTECH INTL CORP COM 564563104 1694 72181 SH SOLE 72181 0 0 MARATHON OIL CORP COM 565849106 23601 922987 SH SOLE 863962 0 59025 MARATHON PETE CORP COM 56585A102 16284 362517 SH SOLE 338408 0 24109 MARTEN TRANS LTD COM 573075108 6378 300000 SH SOLE 300000 0 0 MASTEC INC COM 576323109 15912 1057961 SH SOLE 985775 0 72186 MATERION CORP COM 576690101 43738 1899160 SH SOLE 1899160 0 0 MEREDITH CORP COM 589433101 44347 1388435 SH SOLE 1388435 0 0 MET PRO CORP COM 590876306 717 77900 SH SOLE 77900 0 0 MFRI INC COM 552721102 4055 576000 SH SOLE 576000 0 0 MICREL INC COM 594793101 43753 4591115 SH SOLE 4591115 0 0 MIDSOUTH BANCORP INC COM 598039105 7040 500000 SH SOLE 500000 0 0 MOLSON COORS BREWING CO CL B 60871R209 1606 38591 SH SOLE 38591 0 0 NAVIGANT CONSULTING INC COM 63935N107 53070 4198550 SH SOLE 4198550 0 0 NEWPARK RES INC COM PAR $.01NEW 651718504 34385 5827901 SH SOLE 5645400 0 182501 NORTH VALLEY BANCORP COM NEW 66304M204 8354 633333 SH SOLE 633333 0 0 NORTHWEST PIPE CO COM 667746101 18103 746200 SH SOLE 716175 0 30025 OIL DRI CORP AMER COM 677864100 4380 200000 SH SOLE 200000 0 0 OLD NATL BANCORP IND COM 680033107 50528 4207175 SH SOLE 4207175 0 0 OLIN CORP COM PAR $1 680665205 67291 3221215 SH SOLE 3221215 0 0 OLYMPIC STEEL INC COM 68162K106 5747 350000 SH SOLE 350000 0 0 OMNICARE INC COM 681904108 98133 3142260 SH SOLE 3118760 0 23500 OVERSEAS SHIPHOLDING GROUP l COM 690368105 11110 1000000 SH SOLE 1000000 0 0 P C CONNECTION COM 69318J100 3186 300000 SH SOLE 300000 0 0 PACER INTL INC TENN COM 69373H106 2710 500000 SH SOLE 500000 0 0 PACIFIC CONTINENTAL CORP COM 69412V108 2218 250000 SH SOLE 250000 0 0 PAR PHARMACEUTICAL COS INC COM 69888P106 10842 300000 SH SOLE 300000 0 0 PARK ELECTROCHEMICAL CORP COM 700416209 41241 1593555 SH SOLE 1593555 0 0 PATTERSON UTI ENERGY INC COM 703481101 53751 3691710 SH SOLE 3691710 0 0 PC-TEL INC COM 69325Q105 4042 624800 SH SOLE 624800 0 0 PDI INC COM 69329V100 19854 2409492 SH SOLE 2283192 0 126300 PERMA-FIX ENVIRONMENTAL SVCS COM 714157104 10209 8725400 SH SOLE 8113300 0 612100 PFIZER INC COM 717081103 25417 1105089 SH SOLE 1027411 0 77678 PHARMERICA CORP COM 71714F104 30167 2762500 SH SOLE 2756000 0 6500 PIONEER DRILLING CO COM 723655106 7636 958100 SH SOLE 958100 0 0 PNC FINL SVCS GROUP INC COM 693475105 22363 365946 SH SOLE 343845 0 22101 POWELL INDS INC COM 739128106 14944 400000 SH SOLE 400000 0 0 PROVIDENT FINL SVCS INC COM 74386T105 27218 1773150 SH SOLE 1773150 0 0 QUANTA SVCS INC COM 74762E102 22323 927411 SH SOLE 865361 0 62050 QUEST DIAGNOSTICS INC COM 74834L100 26684 445470 SH SOLE 417950 0 27520 RAYMOND JAMES FINANCIAL INC COM 754730109 24138 704952 SH SOLE 662285 0 42667 RCM TECHNOLOGIES INC COM NEW 749360400 6094 1100000 SH SOLE 1100000 0 0 REGIS CORP MINN COM 758932107 34739 1934250 SH SOLE 1934250 0 0 RENASANT CORP COM 75970E107 27304 1738020 SH SOLE 1738020 0 0 RESOURCES CONNECTION INC COM 76122Q105 23144 1881600 SH SOLE 1881600 0 0 RF MICRODEVICES INC COM 749941100 15474 3640999 SH SOLE 3409869 0 231130 RICHARDSON ELECTRS LTD COM 763165107 6165 500000 SH SOLE 500000 0 0 ROBBINS & MYERS INC COM 770196103 39565 946070 SH SOLE 946070 0 0 ROUNDYS INC COM 779268101 18635 1825125 SH SOLE 1727195 0 97930 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 2986 114697 SH SOLE 114697 0 0 RTI BIOLOGICS INC COM 74975N105 2820 750000 SH SOLE 750000 0 0 RTI INTL METALS INC COM 74973W107 21417 946398 SH SOLE 877003 0 69395 RUTHS HOSPITALITY GROUP INC COM 783332109 4950 750000 SH SOLE 750000 0 0 SAGA COMMUNICATIONS INC CL A NEW 786598300 3939 106135 SH SOLE 106135 0 0 SAIA INC COM 78709Y105 8577 391800 SH SOLE 391800 0 0 SCHULMAN A INC COM 808194104 9925 500000 SH SOLE 500000 0 0 SCORPIO TANKERS INC SHS Y7542C106 2556 400000 SH SOLE 400000 0 0 SEARCHMEDIA HOLDINGS LTD SHS G8005Y106 2184 1200000 SH SOLE 1200000 0 0 SELECTIVE INS GROUP INC COM 816300107 23345 1340885 SH SOLE 1340885 0 0 SENSIENT TECHNOLOGIES CORP COM 81725T100 39549 1076755 SH SOLE 1076755 0 0 SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 15330 659340 SH SOLE 659340 0 0 SNAP ON INC COM 833034101 2692 43243 SH SOLE 43243 0 0 SOUTHWEST AIRLS CO COM 844741108 23114 2506950 SH SOLE 2337155 0 169795 SPDR GOLD TRUST GOLD SHS 78463V107 200 1290 SH SOLE 890 0 400 SPIRIT AEROSYSTEMS HLDGS INC COM CL A 848574109 20770 871600 SH SOLE 845400 0 26200 STAAR SURGICAL CO COM PAR $0.01 852312305 8755 1126822 SH SOLE 1126822 0 0 STARTEK INC COM 85569C107 4060 1400000 SH SOLE 1400000 0 0 STATE AUTO FINL CORP COM 855707105 11793 839338 SH SOLE 839338 0 0 STELLARONE CORP COM 85856G100 20752 1662840 SH SOLE 1662840 0 0 STERIS CORP COM 859152100 76605 2441990 SH SOLE 2441990 0 0 STONE ENERGY CORP COM 861642106 59088 2331810 SH SOLE 2331810 0 0 SUPERIOR INDS INTL INC COM 868168105 25520 1558920 SH SOLE 1558920 0 0 SUPREME INDS INC CL A 868607102 4809 1230000 SH SOLE 1230000 0 0 SWIFT ENERGY CO COM 870738101 16229 872040 SH SOLE 825290 0 46750 SYMETRA FINL CORP COM 87151Q106 3321 263165 SH SOLE 263165 0 0 TCF FINL CORP COM 872275102 4592 400000 SH SOLE 400000 0 0 TE CONNECTIVITY LTD REG SHS H84989104 22565 707148 SH SOLE 662784 0 44364 TELEFLEX INC COM 879369106 72054 1182965 SH SOLE 1182965 0 0 TETRA TECHNOLOGIES INC DEL COM 88162F105 5348 750000 SH SOLE 750000 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 717 18430 SH SOLE 12790 0 5640 TIDEWATER INC COM 886423102 26988 582131 SH SOLE 544526 0 37605 PMTS HLDGS INC COM 67623R106 4290 1100000 SH SOLE 1100000 0 0 TRC COS INC COM 872625108 15769 2593663 SH SOLE 2458800 0 134863 TRICO BANCSHARES COM 896095106 7666 497800 SH SOLE 497800 0 0 TRINITY BIOTECH PLC SPON ADR NEW 896438306 24330 2027500 SH SOLE 1958300 0 69200 TRIQUINT SEMICONDUCTOR INC COM 89674K103 8086 1470100 SH SOLE 1431300 0 38800 ULTRALIFE CORP COM 903899102 2702 700000 SH SOLE 700000 0 0 UMPQUA HLDGS CORP COM 904214103 48546 3688940 SH SOLE 3688940 0 0 UNIT CORP COM 909218109 90210 2445370 SH SOLE 2427370 0 18000 UNIVERSAL FST PRODS INC COM 913543104 60615 1555018 SH SOLE 1512673 0 42345 URS CORP NEW COM 903236107 23579 675998 SH SOLE 633513 0 42485 WEIS MKTS INC COM 948849104 30152 677260 SH SOLE 677260 0 0 WESTELL TECHNOLOGIES INC CL A 957541105 11424 4800000 SH SOLE 4800000 0 0 WILLBROS GROUP INC DEL COM 969203108 11258 1742720 SH SOLE 1742720 0 0 WILLIAMS CLAYTON ENERGY INC COM 969490101 6048 125000 SH SOLE 125000 0 0 WMS INDS INC COM 929297109 23156 1160700 SH SOLE 1083070 0 77630 WORTHINGTON INDS INC COM 981811102 49404 2413485 SH SOLE 2413485 0 0 ZEP INC COM 98944B108 23098 1682332 SH SOLE 1682332 0 0 ZIMMER HLDGS INC COM 98956P102 25474 395810 SH SOLE 370900 0 24910 ZIONS BANCORPORATION COM 989701107 719 37060 SH SOLE 37060 0 0 4853597 245