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: Integrity Asset Management
Address: 401 West Main Street, suite 2100
Louisville, KY 40202
Form 13F File Number: 028-11119
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: Wayne Hall
Title: Director of Operations
Phone: 216-447-9514
Signature, Place, and Date of Signing:
/s/ Wayne Hall Independence, OH 11-17-2009
--------------------- ------------------- ----------
[Signature] [City, State] [Date]
Report Type (Check only one.):
|_| 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).)
|X| 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).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
-------------------- ----
28-01190 Frank Russell Company
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
Form 13F Information Table Entry Total: 233
Form 13F Information Table Value Total: $ 2,178,349
-----------
(thousands)
List of Other Included Managers:
Provide a numbered list of the names(s) and Form 13F file numbers(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
<TABLE>
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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ABINGTON BANCORP INC COM 00350L109 2298 297020.00SH SOLE 249060.00 47960.00
ACTUANT CORP CL A NEW COM 00508X203 15427 960646.00SH SOLE 726852.00 233794.00
ADC TELECOMMUNICATIONS INC. COM 000886309 16412 1967963.00SH SOLE 1514782.00 453181.00
ADVANCED ENERGY INDUSTRIES COM 007973100 18501 1299242.00SH SOLE 1019608.00 279634.00
AFFILIATED MNGRS GRP COM COM 008252108 2084 32066.00 SH SOLE 21289.00 10777.00
AIRGAS INC. COM 009363102 7324 151429.00SH SOLE 93356.00 58073.00
AK STEEL HOLDING CORP COM 001547108 10600 537275.00SH SOLE 410486.00 126789.00
ALBEMARLE CORP COM COM 012653101 19827 573038.00SH SOLE 433711.00 139327.00
ALLETE INC COM COM 018522300 6699 199571.00SH SOLE 167394.00 32177.00
AMBAC FINL GROUP INC COM COM 023139108 1151 685360.00SH SOLE 538056.00 147304.00
AMERICAN CAMPUS COMMUNITIES COM 024835100 19390 722171.00SH SOLE 552073.00 170098.00
AMERICAN EQUITY INVT LIFE HL COM 025676206 2975 423902.00SH SOLE 355298.00 68604.00
AMERICAN FINANCIAL GROUP COM 025932104 6351 249088.00SH SOLE 149163.00 99925.00
AMERICAN ITALIAN PASTA CO COM 027070101 6132 225643.00SH SOLE 189034.00 36609.00
AMERIGROUP CORP COM COM 03073T102 4401 198543.00SH SOLE 154328.00 44215.00
AMERISOURCEBERGEN CORP COM COM 03073E105 1624 72566.00 SH SOLE 48910.00 23656.00
AMERISTAR CASINOS INC COM 03070q101 5421 343560.00SH SOLE 285900.00 57660.00
AMSURG CORP COM 03232P405 12283 578597.00SH SOLE 455342.00 123255.00
AMTRUST FINANCIAL SERVICES COM 032359309 6906 605320.00SH SOLE 506270.00 99050.00
ANNALY CAPITAL MANAGEMENT INC COM 035710409 1661 91576.00 SH SOLE 59420.00 32156.00
AON CORP COM COM 037389103 2032 49952.00 SH SOLE 33646.00 16306.00
ARCH CAPITAL GROUP LTD. COM G0450A105 9764 144576.00SH SOLE 89169.00 55407.00
ARRIS GROUP INC COM COM 04269Q100 8554 657530.00SH SOLE 548543.00 108987.00
ARROW ELECTRS INC COM COM 042735100 9838 349495.00SH SOLE 243721.00 105774.00
ASHLAND INC NEW COM COM 044209104 4976 115155.00SH SOLE 75597.00 39558.00
ASSOCIATED ESTATE RLTY COM COM 045604105 4053 421326.00SH SOLE 351534.00 69792.00
ASSURED GUARANTY LTD COM COM G0585R106 15118 778501.00SH SOLE 604156.00 174345.00
ATMEL CORP COM COM 049513104 8836 2109023.00SH SOLE 1608413.00 500610.00
BALDOR ELEC CO COM COM 057741100 14432 527900.00SH SOLE 398540.00 129360.00
BB&T CORP COM 054937107 2129 78191.00 SH SOLE 52496.00 25695.00
BE AEROSPACE INC COM COM 073302101 20294 1007694.00SH SOLE 766959.00 240735.00
BEAZER HOMES USA INC COM COM 07556Q105 7795 1394630.00SH SOLE 1080760.00 313870.00
BENCHMARK ELECTRONICS COM 08160H101 16527 918203.00SH SOLE 702622.00 215581.00
BERRY PETROLEUM CO COM 085789105 10750 401427.00SH SOLE 310873.00 90554.00
BROWN SHOE INC NEW COM COM 115736100 10580 1319216.00SH SOLE 1033860.00 285356.00
CALLAWAY GOLF CO COM COM 131193104 10138 1332320.00SH SOLE 1027142.00 305178.00
CARDINAL FINANCIAL CORP COM 14149F109 9124 1108658.00SH SOLE 839547.00 269111.00
CARRIZO OIL & GAS INC COM 144577103 12546 512322.00SH SOLE 396183.00 116139.00
CBS CORP. CLASS B COM 124857202 1856 154069.00SH SOLE 117753.00 36316.00
CEC ENTERTAINMENT INC. COM 125137109 13732 531017.00SH SOLE 411350.00 119667.00
CELANESE CORP COM 150870103 9143 365724.00SH SOLE 226585.00 139139.00
CENTURYTEL INC COM COM 156700106 2477 73731.00 SH SOLE 48243.00 25488.00
CF INDUSTRIES HOLDINGS INC COM 125269100 5188 60166.00 SH SOLE 38126.00 22040.00
CHESAPEAKE ENERGY CORP COM COM 165167107 2331 82095.00 SH SOLE 55319.00 26776.00
CIGNA CORP COM COM 125509109 1319 46980.00 SH SOLE 35830.00 11150.00
CINCINNATI BELL INC COM COM 171871106 10888 3111039.00SH SOLE 2420703.00 690336.00
CINEMARK HOLDINGS INC COM 17243V102 6110 589823.00SH SOLE 494084.00 95739.00
CLECO CORP NEW COM COM 12561W105 16665 664475.00SH SOLE 521579.00 142896.00
COGDELL SPENCER INC COM 19238U107 6618 1378779.00SH SOLE 1153100.00 225679.00
COLONIAL PROPERTIES TRUST COM 195872106 6669 685452.00SH SOLE 524165.00 161287.00
COMMERCIAL METALS Co COM 201723103 6832 381689.00SH SOLE 318683.00 63006.00
COMMSCOPE INC. COM 203372107 13202 441114.00SH SOLE 334547.00 106567.00
COMSTOCK RESOURCES INC COM 205768203 8646 215742.00SH SOLE 166388.00 49354.00
COMTECH TELECOMMUNICATIONS COM 205826209 11615 349660.00SH SOLE 267170.00 82490.00
CONSOLIDATED GRAPHICS COM COM 209341106 10627 425954.00SH SOLE 331163.00 94791.00
CONTINENTAL AIRLS INC CL B COM 210795308 16451 1000678.00SH SOLE 755992.00 244686.00
CONTINENTAL RESOURCES INC/OK COM 212015101 2811 71777.00 SH SOLE 47812.00 23965.00
COOPER TIRE & RUBBER COM 216831107 10721 609862.00SH SOLE 465464.00 144398.00
CRACKER BARREL OLD COUNTRY STO COM 22410J106 10765 312954.00SH SOLE 261892.00 51062.00
CYPRESS SEMICONDUCTOR COM COM 232806109 2163 209445.00SH SOLE 126110.00 83335.00
D.R. HORTON INC. COM 23331A109 4494 393880.00SH SOLE 245730.00 148150.00
DANA HOLDING CORP COM 235825205 6261 919484.00SH SOLE 770157.00 149327.00
DAWSON GEOPHYSICAL COMPANY COM 239359102 8270 302065.00SH SOLE 233979.00 68086.00
DEAN FOODS CO NEW COM COM 242370104 4880 274322.00SH SOLE 173586.00 100736.00
DELTA AIR LINES COM COM 247361702 2120 236714.00SH SOLE 142841.00 93873.00
DEVELOPERS DIVERS RLTY COM COM 251591103 7927 857910.00SH SOLE 655078.00 202832.00
DIEBOLD INC COM COM 253651103 5840 177365.00SH SOLE 109918.00 67447.00
DIGITAL RLTY TR INC COM COM 253868103 3356 73440.00 SH SOLE 43900.00 29540.00
DIODES INC COM 254543101 17155 948365.00SH SOLE 729098.00 219267.00
DR PEPPER SNAPPLE GROUP INC COM 26138E109 1792 62346.00 SH SOLE 42178.00 20168.00
DYCOM INDUSTRIES INC COM 267475101 16625 1351678.00SH SOLE 1045110.00 306568.00
EATON CORP COM COM 278058102 2457 43433.00 SH SOLE 29196.00 14237.00
EDISON INTERNATIONAL COM 281020107 3259 97068.00 SH SOLE 65414.00 31654.00
EDUCATION REALTY TRUST COM 28140H104 14659 2472090.00SH SOLE 1911450.00 560640.00
ENCORE ACQUISITION CO COM 29255W100 11854 316956.00SH SOLE 245170.00 71786.00
ENTEGRIS INC COM COM 29362U104 17723 3580483.00SH SOLE 2743771.00 836712.00
ENTERCOM COMMUNICATIONS CORP COM 293639100 6436 1262051.00SH SOLE 986310.00 275741.00
EQUITY RESIDENTIAL COM 29476L107 1289 41987.00 SH SOLE 28028.00 13959.00
ETHAN ALLEN INTERIORS COM COM 297602104 8185 496068.00SH SOLE 397879.00 98189.00
FAIRCHILD SEMICND INTL COM COM 303726103 26194 2560601.00SH SOLE 2087069.00 473532.00
FEDERAL REALTY INVS TRUST COM 313747206 3629 59140.00 SH SOLE 36870.00 22270.00
FIDELITY NATIONAL COM 31620R105 4653 308589.00SH SOLE 192908.00 115681.00
FIRST FINANCIAL BANCORP COM 320209109 16299 1352678.00SH SOLE 1049776.00 302902.00
FIRST HORIZON NATIONAL CORP COM 320517105 10360 783122.02SH SOLE 596915.15 186206.86
FIRSTMERIT CORP COM COM 337915102 19621 1031085.69SH SOLE 810937.29 220148.40
FMC CORP. COM 302491303 1880 33439.00 SH SOLE 22566.00 10873.00
FOOT LOCKER INC COM 344849104 11790 986646.00SH SOLE 742399.00 244247.00
FOREST LABORATORIES INC COM 345838106 2746 93282.00 SH SOLE 62089.00 31193.00
FPIC INSURANCE GROUP INC COM 302563101 7993 238248.00SH SOLE 198907.00 39341.00
FULTON FINL CORP PA COM COM 360271100 4619 627709.00SH SOLE 523530.00 104179.00
GANNETT INC COM COM 364730101 5679 454000.00SH SOLE 283112.00 170888.00
GENESCO INC COM 371532102 12578 522560.00SH SOLE 406880.00 115680.00
GENESEE & WYO INC CL A COM 371559105 9497 313237.00SH SOLE 261402.00 51835.00
GENUINE PARTS CO COM 372460105 1694 44512.00 SH SOLE 29976.00 14536.00
GENWORTH FINANCIAL INC CL A COM 37247D106 1898 158910.00SH SOLE 107182.00 51728.00
GOODYEAR TIRE & RUBR COM COM 382550101 1915 112475.00SH SOLE 75715.00 36760.00
GRANITE CONSTRUCTION INC COM 387328107 12053 389583.00SH SOLE 296907.00 92676.00
GREAT LAKES DREDGE & DOCK CO COM 390607109 11338 1624478.00SH SOLE 1263564.00 360914.00
HANCOCK HOLDING CO. COM 410120109 14326 381333.00SH SOLE 291212.00 90121.00
HANOVER INSURANCE GROUP INC COM 410867105 25090 607077.00SH SOLE 460524.00 146553.00
HARRIS STRATEX NETWORKS-CL A COM 41457P106 6483 926240.00SH SOLE 732466.00 193774.00
HEALTH CARE REIT INC COM 42217K106 6513 156505.00SH SOLE 96876.00 59629.00
HELIX ENERGY SOLUTIONS GROUP COM 42330P107 9074 605793.00SH SOLE 503395.00 102398.00
HEXCEL CORP COM 428291108 22633 1978412.00SH SOLE 1506800.00 471612.00
HIGHWOODS PPTYS INC COM COM 431284108 13149 418120.00SH SOLE 320410.00 97710.00
HORNBECK OFFSHORE SERVICES COM 440543106 15976 579686.00SH SOLE 438897.00 140789.00
HUNTINGTON BANCSHARES COM COM 446150104 1452 308415.00SH SOLE 195924.00 112491.00
IBERIABANK CORP COM 450828108 6398 140450.00SH SOLE 108440.00 32010.00
IDACORP COM 451107106 12465 432983.00SH SOLE 363487.00 69496.00
INLAND REAL ESTATE CORP COM 457461200 10877 1241686.00SH SOLE 961843.00 279843.00
INNOPHOS HOLDINGS INC COM 45774N108 15805 854373.00SH SOLE 660621.00 193752.00
INTEGRATED DEVICE TECH COM COM 458118106 19525 2888346.00SH SOLE 2188145.00 700201.00
INTREPID POTASH INC COM 46121Y102 15325 649656.00SH SOLE 502986.00 146670.00
INVESTMENT TECHNOLOGY GROUP COM 46145F105 16530 592080.00SH SOLE 452228.00 139852.00
ISLE OF CAPRI CASINOS COM 464592104 5311 450496.00SH SOLE 375802.00 74694.00
JABIL CIRCUIT INC COM 466313103 25711 1917358.00SH SOLE 1459556.00 457802.00
JB HUNT TRANSPRT SVCS COM 445658107 4076 126878.00SH SOLE 79441.00 47437.00
JONES APPAREL GROUP COM COM 480074103 22978 1281581.00SH SOLE 970435.00 311146.00
KBW INC COM 482423100 13367 414867.00SH SOLE 321740.00 93127.00
KEY ENERGY SVCS INC COM COM 492914106 12247 1407796.00SH SOLE 1089363.00 318433.00
KINETIC CONCEPTS INC COM 49460W208 5509 148977.00SH SOLE 93155.00 55822.00
KING PHARMACEUTICALS COM COM 495582108 17074 1585370.00SH SOLE 1164580.00 420790.00
KNIGHT CAPITAL GROUP INC. COM 499005106 17115 786920.00SH SOLE 601090.00 185830.00
LANCE INC COM 514606102 8783 340171.00SH SOLE 284107.00 56064.00
LIFEPOINT HOSPITALS COM 53219L109 12858 475178.00SH SOLE 394779.00 80399.00
LINCOLN NATL CORP IND COM COM 534187109 2307 89064.00 SH SOLE 60067.00 28997.00
LORILLARD INC COM COM 544147101 6333 85239.00 SH SOLE 55106.00 30133.00
MACY'S INC COM 55616P104 2078 113634.00SH SOLE 76136.00 37498.00
MAGELLAN HEALTH SVCS COM NEW COM 559079207 5345 172097.00SH SOLE 144450.00 27647.00
MANITOWOC COMPANY COM 563571108 12195 1287839.00SH SOLE 997407.00 290432.00
MARSH & MCLENNAN COS COM 571748102 2106 85166.00 SH SOLE 57387.00 27779.00
MDU RESOURCES GROUP COM 552690109 8780 421137.00SH SOLE 261385.00 159752.00
MEDIA GEN INC CL A COM 584404107 3177 371634.00SH SOLE 309226.00 62408.00
MENTOR GRAPHICS CORP COM 587200106 14140 1518877.00SH SOLE 1273260.00 245617.00
MGIC INVT CORP WIS COM COM 552848103 3563 480942.00SH SOLE 301556.00 179386.00
MGM MIRAGE COM 552953101 6178 513142.00SH SOLE 332184.00 180958.00
MKS INSTRUMENTS INC COM 55306N104 17136 888340.00SH SOLE 674067.00 214273.00
MUELLER WATER PRODUCTS INC - A COM 624758108 21457 3915634.00SH SOLE 2991538.00 924096.00
MYERS INDS INC COM COM 628464109 10723 995686.00SH SOLE 777898.00 217788.00
NATIONAL PENN BANCSHARES COM 637138108 15176 2483847.00SH SOLE 1925014.00 558833.00
NATIONAL RETAIL PROPERTIES COM 637417106 13345 621595.00SH SOLE 478682.00 142913.00
NAVIGATORS GROUP INC. COM 638904102 8945 162649.00SH SOLE 135905.00 26744.00
NCR CORP NEW COM COM 62886E108 12945 936754.00SH SOLE 716568.00 220186.00
NEW JERSEY RES COM COM 646025106 13492 371605.00SH SOLE 289170.00 82435.00
NEWFIELD EXPL CO COM COM 651290108 2046 48074.00 SH SOLE 32337.00 15737.00
NORTHEAST UTILS COM COM 664397106 8296 349458.00SH SOLE 216147.00 133311.00
NORTHWEST NATURAL GAS CO COM 667655104 7989 191789.00SH SOLE 160510.00 31279.00
OLD DOMINION FREIGHT LINE COM 679580100 8951 294170.00SH SOLE 228281.00 65889.00
OMNOVA SOLUTIONS INC COM COM 682129101 8176 1261841.00SH SOLE 1052130.00 209711.00
PACWEST BANCORP COM 695263103 7612 399622.00SH SOLE 319756.00 79866.00
PAETEC HOLDING CORP COM 695459107 4642 1199621.00SH SOLE 1002043.00 197578.00
PALL CORP COM COM 696429307 6787 210281.00SH SOLE 130718.00 79563.00
PARAMETRIC TECHNOLOGY COM 699173209 20735 1500365.00SH SOLE 1148276.00 352089.00
PENN NATL GAMING INC COM COM 707569109 4106 148461.00SH SOLE 97191.00 51270.00
PENNEY J C INC COM COM 708160106 2072 61393.00 SH SOLE 41064.00 20329.00
PENSON WORLDWIDE INC COM 709600100 11941 1226055.00SH SOLE 948123.00 277932.00
PERKINELMER INC COM COM 714046109 9153 475762.00SH SOLE 297947.00 177815.00
PHILLIPS VAN HEUSEN CP COM COM 718592108 19841 463688.00SH SOLE 359363.00 104325.00
PHOTRONICS INC COM COM 719405102 5971 1259905.00SH SOLE 1052147.00 207758.00
PLEXUS CORP. COM 729132100 17888 679125.00SH SOLE 517868.00 161257.00
PNM RESOURCES INC COM 69349H107 8137 696676.00SH SOLE 589630.00 107046.00
PORTLAND GENERAL ELECTRIC CO. COM 736508847 9879 501005.00SH SOLE 383950.00 117055.00
POST PPTYS INC COM COM 737464107 9246 513681.00SH SOLE 398933.00 114748.00
PROGRESS SOFTWARE CORP COM 743312100 7570 334247.00SH SOLE 253694.00 80553.00
PROGRESSIVE CORP OHIO COM COM 743315103 1582 95470.00 SH SOLE 63499.00 31971.00
QUAKER CHEMICAL CORP. COM 747316107 9665 440731.00SH SOLE 368042.00 72689.00
RADIAN GROUP INC COM COM 750236101 13378 1264550.00SH SOLE 995227.00 269323.00
RALCORP HLDGS INC NEW COM COM 751028101 4354 74470.00 SH SOLE 46960.00 27510.00
RC2 CORP COM COM 749388104 8090 567761.00SH SOLE 474009.00 93752.00
REALTY INCOME CORP COM 756109104 19296 752290.00SH SOLE 573905.00 178385.00
REGAL BELOIT CORP COM 758750103 6779 148310.00SH SOLE 114840.00 33470.00
RLI CORP COM COM 749607107 9954 188604.00SH SOLE 157450.00 31154.00
ROBBINS & MYERS COM 770196103 11419 486360.00SH SOLE 369720.00 116640.00
ROCKWOOD HOLDINGS INC COM 774415103 21031 1022448.00SH SOLE 787260.00 235188.00
RRI ENERGY INC COM 74971X107 5872 822458.00SH SOLE 512736.00 309722.00
RUDDICK CORP COM COM 781258108 15067 566033.00SH SOLE 472877.00 93156.00
RYLAND GROUP INC COM 783764103 14822 703502.00SH SOLE 541555.00 161947.00
SAPIENT CORPORATION COM 803062108 8258 1027170.00SH SOLE 795640.00 231530.00
SCHNITZER STEEL INDS INC-A COM 806882106 9447 177422.00SH SOLE 137133.00 40289.00
SEACOAST BANKING CORP COM 811707306 4888 1939985.00SH SOLE 1625250.00 314735.00
SEAGATE TECHNOLOGY COM G7945J104 2007 132009.00SH SOLE 85979.00 46030.00
SEMPRA ENERGY COM COM 816851109 2498 50154.00 SH SOLE 33263.00 16891.00
SENIOR HOUSING PROP TRUST COM 81721M109 8536 446707.00SH SOLE 361376.00 85331.00
SEPRACOR INC COM 817315104 18281 798326.00SH SOLE 636296.00 162030.00
SILGAN HOLDINGS INC COM 827048109 7243 137364.00SH SOLE 114738.00 22626.00
SKYWEST INC COM 830879102 4880 294351.00SH SOLE 247285.00 47066.00
SMITH A O COM COM 831865209 8333 218716.00SH SOLE 172676.00 46040.00
SMITH INTERNATIONAL INC COM 832110100 216 7553.00 SH SOLE 7553.00
SMUCKER J M CO COM NEW COM 832696405 1523 28732.00 SH SOLE 19178.00 9554.00
SOLUTIA INC COM 834376501 20040 1730650.00SH SOLE 1339841.00 390809.00
SOUTH FINANCIAL GROUP INC COM 837841105 3803 2587712.00SH SOLE 2004994.00 582718.00
SPARTECH CORP COM NEW COM 847220209 8505 789766.00SH SOLE 610763.00 179003.00
SPECTRA ENERGY CORP COM 847560109 1867 98590.00 SH SOLE 66184.00 32406.00
STAGE STORES INC. COM 85254C305 15496 1195694.00SH SOLE 1000456.00 195238.00
STANDARD-PACIFIC CORP COM 85375C101 6357 1722925.00SH SOLE 1289923.00 433002.00
STANDEX INTERNATIONAL CORP COM 854231107 5474 276072.00SH SOLE 231091.00 44981.00
STARWOOD HOTELS & RESORTS COM 85590A401 6913 209299.00SH SOLE 130373.00 78926.00
STEEL DYNAMICS INC COM COM 858119100 6293 410288.00SH SOLE 254988.00 155300.00
STELLARONE CORP COM 85856G100 5126 347587.00SH SOLE 291255.00 56332.00
STERIS CORP COM COM 859152100 11503 377770.00SH SOLE 317031.00 60739.00
STERLING BANCSHS INC COM COM 858907108 9792 1339609.00SH SOLE 1021379.00 318230.00
STEWART INFORMATION SERVICES COM 860372101 2096 169521.00SH SOLE 141379.00 28142.00
SUN HEALTHCARE GROUP INC COM 866933401 7543 873063.00SH SOLE 729116.00 143947.00
SUNSTONE HOTL INVS INC COM COM 867892101 15181 2138268.29SH SOLE 1642849.29 495419.00
SUSQUEHANNA BKSHS PA COM COM 869099101 4981 845732.00SH SOLE 645822.00 199910.00
SYNIVERSE HOLDINGS INC COM 87163F106 6235 356309.00SH SOLE 278296.00 78013.00
T-3 ENERGY SERVICES INC COM 87306E107 10831 549810.00SH SOLE 417172.00 132638.00
TELLLABS INC COM 879664100 12457 1800145.00SH SOLE 1364733.00 435412.00
TENNECO INC. COM 880349105 12035 922949.00SH SOLE 709936.00 213013.00
THE ANDERSONS INC COM 034164103 7138 202786.00SH SOLE 169070.00 33716.00
TREEHOUSE FOODS INC. COM 89469A104 13010 364736.00SH SOLE 304645.00 60091.00
TRUSTMARK CORP COM COM 898402102 5977 313770.00SH SOLE 236625.00 77145.00
TYSON FOODS INC CL A COM 902494103 1473 116669.00SH SOLE 78607.00 38062.00
U STORE IT TR COM COM 91274F104 12618 2018950.00SH SOLE 1540690.00 478260.00
UGI CORP COM 902681105 7485 298723.00SH SOLE 185667.00 113056.00
UNIVERSAL HLTH SVCS CL B COM 913903100 7852 126796.00SH SOLE 80931.00 45865.00
UNUM GROUP COM 91529Y106 2255 105223.00SH SOLE 70971.00 34252.00
VECTREN CORP COM COM 92240G101 16176 702109.00SH SOLE 554659.00 147450.00
VEECO INSTRUMENTS INC. COM 922417100 16706 716397.00SH SOLE 598317.00 118080.00
WASHINGTON FEDERAL INC COM 938824109 16766 994482.00SH SOLE 761557.00 232925.00
WASHINGTON REAL ESTATE INV. COM 939653101 17610 611466.00SH SOLE 489218.00 122248.00
WAUSAU PAPER CORP COM 943315101 7410 741081.00SH SOLE 622277.00 118804.00
WEATHERFORD INTL LTD COM COM H27013103 1684 81263.00 SH SOLE 62038.00 19225.00
WERNER ENTERPRISES INC. COM 950755108 6811 365644.00SH SOLE 305614.00 60030.00
WESTERN ALLIANCE BANCORP COM 957638109 14163 2244589.00SH SOLE 1740538.00 504051.00
WHITING PETROLEUM CORP. COM 966387102 13215 229507.00SH SOLE 177335.00 52172.00
WHITNEY HLDG CORP COM COM 966612103 9535 999534.00SH SOLE 777440.00 222094.00
WILLBROS GROUP INC COM COM 969203108 12617 828440.00SH SOLE 622550.00 205890.00
WISCONSIN ENERGY CORP COM COM 976657106 9312 206162.00SH SOLE 128116.00 78046.00
WORLD ACCEPTANCE CORP COM 981419104 19967 792046.00SH SOLE 613970.00 178076.00
XCEL ENERGY INC. COM 98389B100 3515 182744.00SH SOLE 123024.00 59720.00
XL CAP LTD CL A COM G98255105 1801 103194.00SH SOLE 67615.00 35579.00
ZIONS BANK CORPORATION COM 989701107 13397 745522.00SH SOLE 525380.00 220142.00
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