INTEGRITY ASSET MANAGEMENT LLC (Form Type: 13F-HR, Filing Date: 08/03/2009)

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, 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 8-03-2009 --------------------- ------------------- ---------- [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: 223 Form 13F Information Table Value Total: $ 1,982,769 ----------- (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

FORM 13F INFORMATION TABLE <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 2587 316330.00SH SOLE 266970.00 49360.00 ACTUANT CORP CL A NEW COM 00508X203 9443 735479.00SH SOLE 559625.00 175854.00 ADC TELECOMMUNICATIONS INC. COM 000886309 21568 2962660.00SH SOLE 2291291.00 671369.00 ADVANCED ENERGY INDUSTRIES COM 007973100 17650 1467187.00SH SOLE 1148517.00 318670.00 AFFILIATED MNGRS GRP COM COM 008252108 2132 32307.00 SH SOLE 20989.00 11318.00 AIRGAS INC. COM 009363102 6788 152282.00SH SOLE 93986.00 58296.00 AK STEEL HOLDING CORP COM 001547108 10002 508501.00SH SOLE 397783.00 110718.00 ALBEMARLE CORP COM COM 012653101 17729 596758.00SH SOLE 455167.00 141591.00 ALLETE INC COM COM 018522300 6788 212267.00SH SOLE 179090.00 33177.00 AMBAC FINL GROUP INC COM COM 023139108 539 719954.00SH SOLE 570799.00 149155.00 AMERICAN CAMPUS COMMUNITIES COM 024835100 17294 754248.00SH SOLE 581733.00 172515.00 AMERICAN ELECTRIC POWER COM 025537101 2201 71105.00 SH SOLE 46368.00 24737.00 AMERICAN EQUITY INVT LIFE HL COM 025676206 3261 450471.00SH SOLE 379667.00 70804.00 AMERICAN FINANCIAL GROUP COM 025932104 6114 250715.00SH SOLE 152073.00 98642.00 AMERICAN ITALIAN PASTA CO COM 027070101 7555 240148.00SH SOLE 202539.00 37609.00 AMERIGROUP CORP COM COM 03073T102 5135 208081.00SH SOLE 163422.00 44659.00 AMERISOURCEBERGEN CORP COM COM 03073E105 1442 73130.00 SH SOLE 48210.00 24920.00 AMERISTAR CASINOS INC COM 03070q101 6826 365230.00SH SOLE 306070.00 59160.00 AMSURG CORP COM 03232P405 12560 609143.00SH SOLE 483898.00 125245.00 AMTRUST FINANCIAL SERVICES COM 032359309 7859 643147.00SH SOLE 541397.00 101750.00 ANNALY CAPITAL MANAGEMENT INC COM 035710409 1554 92258.00 SH SOLE 58620.00 33638.00 ANWORTH MORTGAGE ASSET CORP COM 037347101 27934 3704797.00SH SOLE 2852518.00 852279.00 AON CORP COM COM 037389103 1981 50217.00 SH SOLE 33046.00 17171.00 ARCH CAPITAL GROUP LTD. COM G0450A105 10825 174078.00SH SOLE 107683.00 66395.00 ARRIS GROUP INC COM COM 04269Q100 8501 697998.00SH SOLE 586311.00 111687.00 ARROW ELECTRS INC COM COM 042735100 9239 358529.00SH SOLE 252138.00 106391.00 ASHLAND INC NEW COM COM 044209104 3498 105577.00SH SOLE 68247.00 37330.00 ASPEN INS HLDGS LTD SHS COM G05384105 2348 94420.00 SH SOLE 57410.00 37010.00 ASSOCIATED ESTATE RLTY COM COM 045604105 2054 345940.00SH SOLE 290550.00 55390.00 ASSURED GUARANTY LTD COM COM G0585R106 11827 846613.00SH SOLE 658820.00 187793.00 ATMEL CORP COM COM 049513104 8949 2146138.00SH SOLE 1655824.00 490314.00 BALDOR ELEC CO COM COM 057741100 13663 530420.00SH SOLE 405480.00 124940.00 BB&T CORP COM 054937107 1803 78839.00 SH SOLE 51796.00 27043.00 BE AEROSPACE INC COM COM 073302101 16989 1051349.00SH SOLE 807332.00 244017.00 BELDEN CDT INC COM COM 077454106 2659 151626.00SH SOLE 117617.00 34009.00 BENCHMARK ELECTRONICS COM 08160H101 15874 1004693.00SH SOLE 770303.00 234390.00 BERRY PETROLEUM CO COM 085789105 10003 421713.00SH SOLE 330179.00 91534.00 BROWN SHOE INC NEW COM COM 115736100 10790 1392323.00SH SOLE 1102428.00 289895.00 CALLAWAY GOLF CO COM COM 131193104 8917 1399846.00SH SOLE 1092408.00 307438.00 CARDINAL FINANCIAL CORP COM 14149F109 9015 1157311.00SH SOLE 887100.00 270211.00 CARRIZO OIL & GAS INC COM 144577103 10203 537022.00SH SOLE 419997.00 117025.00 CBIZ INC COM 124805102 1778 271944.00SH SOLE 214288.00 57656.00 CEC ENTERTAINMENT INC. COM 125137109 14739 505300.00SH SOLE 396342.00 108958.00 CELANESE CORP COM 150870103 10649 414376.00SH SOLE 258140.00 156236.00 CENTURYTEL INC COM COM 156700106 2330 74240.00 SH SOLE 47543.00 26697.00 CF INDUSTRIES HOLDINGS INC COM 125269100 4746 60127.00 SH SOLE 37926.00 22201.00 CHESAPEAKE ENERGY CORP COM COM 165167107 1772 82692.00 SH SOLE 54519.00 28173.00 CIGNA CORP COM COM 125509109 1343 47290.00 SH SOLE 35230.00 12060.00 CINCINNATI BELL INC COM COM 171871106 10209 3261749.00SH SOLE 2563499.00 698250.00 CINEMARK HOLDINGS INC COM 17243V102 9206 830131.00SH SOLE 651893.00 178238.00 CLECO CORP NEW COM COM 12561W105 16519 697334.00SH SOLE 552762.00 144572.00 COGDELL SPENCER INC COM 19238U107 5136 1146553.00SH SOLE 965674.00 180879.00 COMMSCOPE INC. COM 203372107 17734 692748.00SH SOLE 531588.00 161160.00 COMSTOCK RESOURCES INC COM 205768203 8703 226061.00SH SOLE 176377.00 49684.00 COMTECH TELECOMMUNICATIONS COM 205826209 11644 365360.00SH SOLE 281630.00 83730.00 CONSOLIDATED GRAPHICS COM COM 209341106 8191 447597.00SH SOLE 351937.00 95660.00 CONTINENTAL AIRLS INC CL B COM 210795308 11643 1042423.00SH SOLE 794496.00 247927.00 CONTINENTAL RESOURCES INC/OK COM 212015101 2446 72310.00 SH SOLE 47112.00 25198.00 COOPER TIRE & RUBBER COM 216831107 9405 637215.00SH SOLE 492313.00 144902.00 CRACKER BARREL OLD COUNTRY STO COM 22410J106 13864 480392.00SH SOLE 371411.00 108981.00 CYPRESS SEMICONDUCTOR COM COM 232806109 2238 210812.00SH SOLE 128610.00 82202.00 D.R. HORTON INC. COM 23331A109 4594 396390.00SH SOLE 247630.00 148760.00 DAWSON GEOPHYSICAL COMPANY COM 239359102 1845 60700.00 SH SOLE 47485.00 13215.00 DEAN FOODS CO NEW COM COM 242370104 5419 255745.00SH SOLE 159493.00 96252.00 DELTA AIR LINES COM COM 247361702 1648 237944.00SH SOLE 145291.00 92653.00 DIEBOLD INC COM COM 253651103 4946 178463.00SH SOLE 110848.00 67615.00 DIGITAL RLTY TR INC COM COM 253868103 2999 73980.00 SH SOLE 44880.00 29100.00 DIODES INC COM 254543101 18313 992078.00SH SOLE 771349.00 220729.00 DYCOM INDUSTRIES INC COM 267475101 18028 1416253.00SH SOLE 1107105.00 309148.00 EATON CORP COM COM 278058102 1766 34026.00 SH SOLE 22346.00 11680.00 EDISON INTERNATIONAL COM 281020107 3159 97763.00 SH SOLE 64414.00 33349.00 EDUCATION REALTY TRUST COM 28140H104 9778 2016230.00SH SOLE 1579020.00 437210.00 ELECTRONICS FOR IMAGNG COM COM 286082102 4019 352610.00SH SOLE 275679.00 76931.00 ENCORE ACQUISITION CO COM 29255W100 11832 332369.00SH SOLE 260075.00 72294.00 ENTEGRIS INC COM COM 29362U104 7063 1893705.00SH SOLE 1485276.00 408429.00 ENTERCOM COMMUNICATIONS CORP COM 293639100 3641 1324033.00SH SOLE 1045008.00 279025.00 EQUITY RESIDENTIAL COM 29476L107 1012 42198.00 SH SOLE 27528.00 14670.00 ETHAN ALLEN INTERIORS COM COM 297602104 6645 522068.00SH SOLE 420556.00 101512.00 EZCORP INC CL A NON VTG COM 302301106 2305 182215.00SH SOLE 141113.00 41102.00 FAIRCHILD SEMICND INTL COM COM 303726103 24330 2755401.00SH SOLE 2250120.00 505281.00 FIDELITY NATIONAL COM 31620R105 4460 310840.00SH SOLE 194198.00 116642.00 FIRST FINANCIAL BANCORP COM 320209109 12249 1417789.00SH SOLE 1112296.00 305493.00 FIRST HORIZON NATIONAL CORP COM 320517105 10309 804170.95SH SOLE 617913.62 186257.33 FIRST POTOMAC RLTY TR COM COM 33610F109 4128 440607.00SH SOLE 343181.00 97426.00 FIRSTMERIT CORP COM COM 337915102 20069 1074377.61SH SOLE 852330.69 222046.92 FMC CORP. COM 302491303 1639 33707.00 SH SOLE 22266.00 11441.00 FOOT LOCKER INC COM 344849104 9122 823361.00SH SOLE 622410.00 200951.00 FOREST LABORATORIES INC COM 345838106 2426 93959.00 SH SOLE 61189.00 32770.00 FPIC INSURANCE GROUP INC COM 302563101 8698 253227.00SH SOLE 212886.00 40341.00 FULTON FINL CORP PA COM COM 360271100 4508 666993.00SH SOLE 559814.00 107179.00 GENESEE & WYO INC CL A COM 371559105 9077 332644.00SH SOLE 279509.00 53135.00 GENUINE PARTS CO COM 372460105 1582 44690.00 SH SOLE 29376.00 15314.00 GOODYEAR TIRE & RUBR COM COM 382550101 1928 113321.00SH SOLE 74615.00 38706.00 GRANITE CONSTRUCTION INC COM 387328107 7584 223870.00SH SOLE 170176.00 53694.00 GREIF INC CL A COM 397624107 1191 23211.00 SH SOLE 12757.00 10454.00 HANCOCK HOLDING CO. COM 410120109 16075 398007.00SH SOLE 306887.00 91120.00 HANOVER INSURANCE GROUP INC COM 410867105 31478 800769.00SH SOLE 609771.00 190998.00 HARRIS STRATEX NETWORKS-CL A COM 41457P106 6784 977537.00SH SOLE 781236.00 196301.00 HEALTH CARE REIT INC COM 42217K106 6305 157411.00SH SOLE 97516.00 59895.00 HELIX ENERGY SOLUTIONS GROUP COM 42330P107 6753 643839.00SH SOLE 538641.00 105198.00 HEXCEL CORP COM 428291108 21073 2063995.00SH SOLE 1584622.00 479373.00 HORNBECK OFFSHORE SERVICES COM 440543106 13147 603655.00SH SOLE 460177.00 143478.00 HUNTINGTON BANCSHARES COM COM 446150104 1266 309760.00SH SOLE 195974.00 113786.00 IBERIABANK CORP COM 450828108 6891 147130.00SH SOLE 115030.00 32100.00 IDACORP COM 451107106 12744 459770.00SH SOLE 388074.00 71696.00 INLAND REAL ESTATE CORP COM 457461200 5139 696468.00SH SOLE 544825.00 151643.00 INNOPHOS HOLDINGS INC COM 45774N108 16817 895489.00SH SOLE 699961.00 195528.00 INTEGRATED DEVICE TECH COM COM 458118106 20376 3009749.00SH SOLE 2299179.00 710570.00 INTREPID POTASH INC COM 46121Y102 17246 682772.00SH SOLE 534568.00 148204.00 INVESTMENT TECHNOLOGY GROUP COM 46145F105 13809 617896.00SH SOLE 476056.00 141840.00 JABIL CIRCUIT INC COM 466313103 14152 1545035.00SH SOLE 1185240.00 359795.00 JB HUNT TRANSPRT SVCS COM 445658107 3567 127641.00SH SOLE 79611.00 48030.00 JONES APPAREL GROUP COM COM 480074103 24542 1783646.00SH SOLE 1366007.00 417639.00 KBW INC COM 482423100 12669 434046.00SH SOLE 339293.00 94753.00 KEY ENERGY SVCS INC COM COM 492914106 5413 780100.00SH SOLE 610216.00 169884.00 KING PHARMACEUTICALS COM COM 495582108 13256 1461626.00SH SOLE 1103619.00 358007.00 KNIGHT CAPITAL GROUP INC. COM 499005106 15259 821750.00SH SOLE 633860.00 187890.00 LANCE INC COM 514606102 9184 362432.00SH SOLE 304668.00 57764.00 LIFEPOINT HOSPITALS COM 53219L109 13999 506146.00SH SOLE 423247.00 82899.00 LINCOLN NATL CORP IND COM COM 534187109 2401 113355.00SH SOLE 74604.00 38751.00 LORILLARD INC COM COM 544147101 7564 102606.00SH SOLE 65966.00 36640.00 MACY'S INC COM 55616P104 1888 135739.00SH SOLE 86926.00 48813.00 MAGELLAN HEALTH SVCS COM NEW COM 559079207 5916 182819.00SH SOLE 154372.00 28447.00 MANITOWOC COMPANY COM 563571108 8344 1350255.00SH SOLE 1057512.00 292743.00 MARSH & MCLENNAN COS COM 571748102 2152 105410.00SH SOLE 68280.00 37130.00 MDU RESOURCES GROUP COM 552690109 8530 423785.00SH SOLE 263425.00 160360.00 MEDIA GEN INC CL A COM 584404107 1835 394793.00SH SOLE 330485.00 64308.00 MENTOR GRAPHICS CORP COM 587200106 11207 1614926.00SH SOLE 1362409.00 252517.00 METTLER-TOLEDO INTERNATIONAL COM 592688105 6255 74422.00 SH SOLE 46556.00 27866.00 MFA MTG INVTS INC COM COM 55272X102 18556 2507604.00SH SOLE 1968871.00 538733.00 MGM MIRAGE COM 552953101 3104 429429.00SH SOLE 278857.00 150572.00 MKS INSTRUMENTS INC COM 55306N104 17941 926274.00SH SOLE 708927.00 217347.00 MOLSON COORS BREWING CO COM 60871R209 1218 26962.00 SH SOLE 20049.00 6913.00 MUELLER WATER PRODUCTS INC - A COM 624758108 13456 3486173.00SH SOLE 2691953.00 794220.00 MYERS INDS INC COM COM 628464109 10282 1045013.00SH SOLE 825425.00 219588.00 NATIONAL RETAIL PROPERTIES COM 637417106 10135 514256.00SH SOLE 399554.00 114702.00 NAVIGATORS GROUP INC. COM 638904102 8512 172636.00SH SOLE 145192.00 27444.00 NCR CORP NEW COM COM 62886E108 12654 977975.00SH SOLE 754610.00 223365.00 NEW JERSEY RES COM COM 646025106 15083 390758.00SH SOLE 307272.00 83486.00 NEWFIELD EXPL CO COM COM 651290108 1899 48286.00 SH SOLE 31737.00 16549.00 NORTHEAST UTILS COM COM 664397106 8101 352065.00SH SOLE 218337.00 133728.00 NORTHWEST NATURAL GAS CO COM 667655104 18629 417323.00SH SOLE 327519.00 89804.00 OLD DOMINION FREIGHT LINE COM 679580100 11002 308809.00SH SOLE 242199.00 66610.00 OLD NATL BANCORP/IN COM 680033107 8264 731394.00SH SOLE 614850.00 116544.00 OMNOVA SOLUTIONS INC COM COM 682129101 5229 932145.00SH SOLE 782353.00 149792.00 PACWEST BANCORP COM 695263103 6768 420918.00SH SOLE 339784.00 81134.00 PALL CORP COM COM 696429307 6364 211588.00SH SOLE 131648.00 79940.00 PARAMETRIC TECHNOLOGY COM 699173209 20222 1566388.00SH SOLE 1209220.00 357168.00 PENN NATL GAMING INC COM COM 707569109 15407 485873.00SH SOLE 370062.00 115811.00 PENNEY J C INC COM COM 708160106 1861 61730.00 SH SOLE 40364.00 21366.00 PENSON WORLDWIDE INC COM 709600100 15016 1286775.00SH SOLE 1006367.00 280408.00 PERKINELMER INC COM COM 714046109 4901 278010.00SH SOLE 173160.00 104850.00 PHILLIPS VAN HEUSEN CP COM COM 718592108 17177 485526.00SH SOLE 379100.00 106426.00 PLEXUS CORP. COM 729132100 18203 708596.00SH SOLE 545053.00 163543.00 PNM RESOURCES INC COM 69349H107 9142 749367.00SH SOLE 637121.00 112246.00 PORTLAND GENERAL ELECTRIC CO. COM 736508847 9973 524104.00SH SOLE 405563.00 118541.00 PROASSURANCE CORP COM COM 74267C106 12533 246813.00SH SOLE 207698.00 39115.00 PROGRESS SOFTWARE CORP COM 743312100 7874 347963.00SH SOLE 266007.00 81956.00 PROGRESSIVE CORP OHIO COM COM 743315103 1498 96164.00 SH SOLE 62599.00 33565.00 QUAKER CHEMICAL CORP. COM 747316107 1654 91890.00 SH SOLE 77028.00 14862.00 RALCORP HLDGS INC NEW COM COM 751028101 4766 75054.00 SH SOLE 47180.00 27874.00 RC2 CORP COM COM 749388104 9215 603512.00SH SOLE 506960.00 96552.00 REALTY INCOME CORP COM 756109104 19759 837972.00SH SOLE 640673.00 197299.00 REGAL BELOIT CORP COM 758750103 7189 155070.00SH SOLE 121540.00 33530.00 RLI CORP COM COM 749607107 9940 200369.00SH SOLE 168415.00 31954.00 ROBBINS & MYERS COM 770196103 9603 458860.00SH SOLE 357040.00 101820.00 ROCKWOOD HOLDINGS INC COM 774415103 19189 1070852.00SH SOLE 833814.00 237038.00 RUDDICK CORP COM COM 781258108 14188 603751.00SH SOLE 506995.00 96756.00 RYLAND GROUP INC COM 783764103 14684 735350.00SH SOLE 571128.00 164222.00 SAPIENT CORPORATION COM 803062108 4543 680170.00SH SOLE 532490.00 147680.00 SCHNITZER STEEL INDS INC-A COM 806882106 10028 186510.00SH SOLE 145892.00 40618.00 SEAGATE TECHNOLOGY COM G7945J104 1602 133103.00SH SOLE 84679.00 48424.00 SEMPRA ENERGY COM COM 816851109 2642 50409.00 SH SOLE 32663.00 17746.00 SENIOR HOUSING PROP TRUST COM 81721M109 8796 471412.00SH SOLE 384662.00 86750.00 SEPRACOR INC COM 817315104 15926 917954.00SH SOLE 713785.00 204169.00 SILGAN HOLDINGS INC COM 827048109 13873 276029.00SH SOLE 231826.00 44203.00 SKYWEST INC COM 830879102 3969 313035.00SH SOLE 264469.00 48566.00 SMITH A O COM COM 831865209 8982 230086.00SH SOLE 183556.00 46530.00 SMUCKER J M CO COM NEW COM 832696405 1452 29030.00 SH SOLE 18978.00 10052.00 SOLUTIA INC COM 834376501 16324 1826012.00SH SOLE 1419860.00 406152.00 SPARTECH CORP COM NEW COM 847220209 1683 134665.00SH SOLE 105352.00 29313.00 SPECTRA ENERGY CORP COM 847560109 1824 99380.00 SH SOLE 65284.00 34096.00 STAGE STORES INC. COM 85254C305 15853 1270277.00SH SOLE 1069639.00 200638.00 STANDARD-PACIFIC CORP COM 85375C101 6185 1797983.00SH SOLE 1361955.00 436028.00 STARWOOD HOTELS & RESORTS COM 85590A401 4970 210532.00SH SOLE 131303.00 79229.00 STEEL DYNAMICS INC COM COM 858119100 6755 412926.00SH SOLE 257088.00 155838.00 STELLARONE CORP COM 85856G100 5438 368963.00SH SOLE 311131.00 57832.00 STERIS CORP COM COM 859152100 11286 401926.00SH SOLE 339387.00 62539.00 STERLING BANCSHS INC COM COM 858907108 11279 1397764.00SH SOLE 1074271.00 323493.00 STEWART INFORMATION SERVICES COM 860372101 3443 250055.00SH SOLE 209749.00 40306.00 SUN HEALTHCARE GROUP INC COM 866933401 4662 479185.00SH SOLE 404188.00 74997.00 SUNSTONE HOTL INVS INC COM COM 867892101 9763 1755946.29SH SOLE 1360355.29 395591.00 SUSQUEHANNA BKSHS PA COM COM 869099101 4655 884993.00SH SOLE 683583.00 201410.00 SYNIVERSE HOLDINGS INC COM 87163F106 6776 386543.00SH SOLE 302684.00 83859.00 T-3 ENERGY SERVICES INC COM 87306E107 10020 739547.00SH SOLE 570934.00 168613.00 TELLLABS INC COM 879664100 8807 1518559.00SH SOLE 1160220.00 358339.00 TENNECO INC. COM 880349105 16071 993903.00SH SOLE 767376.00 226527.00 THE ANDERSONS INC COM 034164103 5467 169700.00SH SOLE 142481.00 27219.00 TREEHOUSE FOODS INC. COM 89469A104 12575 387532.00SH SOLE 325741.00 61791.00 TRUSTMARK CORP COM COM 898402102 6512 327265.00SH SOLE 249890.00 77375.00 TYSON FOODS INC CL A COM 902494103 1342 117467.00SH SOLE 77407.00 40060.00 UGI CORP COM 902681105 7958 301008.00SH SOLE 187407.00 113601.00 UNIVERSAL HLTH SVCS CL B COM 913903100 7101 127707.00SH SOLE 81731.00 45976.00 UNUM GROUP COM 91529Y106 2997 159694.00SH SOLE 104338.00 55356.00 VECTREN CORP COM COM 92240G101 18155 739232.00SH SOLE 589474.00 149758.00 VEECO INSTRUMENTS INC. COM 922417100 16320 866283.00SH SOLE 728873.00 137410.00 WASHINGTON FEDERAL INC COM 938824109 11289 810470.00SH SOLE 625354.00 185116.00 WASHINGTON REAL ESTATE INV. COM 939653101 16458 643148.00SH SOLE 517738.00 125410.00 WATSON PHARMACEUTICALS COM COM 942683103 5058 145640.00SH SOLE 93759.00 51881.00 WAUSAU PAPER CORP COM 943315101 1623 172722.00SH SOLE 144968.00 27754.00 WEATHERFORD INTL LTD COM COM H27013103 1537 81952.00 SH SOLE 61138.00 20814.00 WEBSTER FINL CORP CONN COM COM 947890109 10852 959520.00SH SOLE 749401.00 210119.00 WERNER ENTERPRISES INC. COM 950755108 7013 388344.00SH SOLE 326714.00 61630.00 WESTERN ALLIANCE BANCORP COM 957638109 16305 2352894.00SH SOLE 1844479.00 508415.00 WHITING PETROLEUM CORP. COM 966387102 11077 241021.00SH SOLE 188321.00 52700.00 WHITNEY HLDG CORP COM COM 966612103 6770 772860.00SH SOLE 597990.00 174870.00 WILLBROS GROUP INC COM COM 969203108 11885 861917.00SH SOLE 651910.00 210007.00 WINTRUST FINANCIAL CORP COM 97650W108 6782 259382.00SH SOLE 202583.00 56799.00 WISCONSIN ENERGY CORP COM COM 976657106 8914 207455.00SH SOLE 129046.00 78409.00 WORLD ACCEPTANCE CORP COM 981419104 19692 830198.00SH SOLE 650577.00 179621.00 XCEL ENERGY INC. COM 98389B100 3669 184039.00SH SOLE 121224.00 62815.00 XL CAP LTD CL A COM G98255105 1466 104159.00SH SOLE 66715.00 37444.00 ZIONS BANK CORPORATION COM 989701107 10412 766786.00SH SOLE 544956.00 221830.00 </TABLE>