INTEGRITY ASSET MANAGEMENT LLC (Form Type: 13F-HR, Filing Date: 02/10/2010)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 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 02-10-2010 --------------------- ------------------- ---------- [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: 218 Form 13F Information Table Value Total: $ 2,298,015 ----------- (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> ACTUANT CORP CL A NEW COM 00508X203 17899 965980.00SH SOLE 712472.00 253508.00 ADC TELECOMMUNICATIONS INC. COM 000886309 11586 1865859.00SH SOLE 1418115.00 447744.00 ADVANCED ENERGY INDUSTRIES COM 007973100 20320 1347502.00SH SOLE 1027768.00 319734.00 AFFILIATED MNGRS GRP COM COM 008252108 2234 33174.00 SH SOLE 21189.00 11985.00 AIRGAS INC. COM 009363102 7184 150927.00SH SOLE 91206.00 59721.00 AK STEEL HOLDING CORP COM 001547108 12543 587533.00SH SOLE 433720.00 153813.00 ALBEMARLE CORP COM COM 012653101 21170 582081.00SH SOLE 429571.00 152510.00 AMERICAN FINANCIAL GROUP COM 025932104 6105 244708.00SH SOLE 144783.00 99925.00 AMERICAN ITALIAN PASTA CO COM 027070101 8260 237453.00SH SOLE 192144.00 45309.00 AMERIGROUP CORP COM COM 03073T102 5526 204983.00SH SOLE 154968.00 50015.00 AMERIPRISE FINL INC COM COM 03076C106 1961 50522.00 SH SOLE 32736.00 17786.00 AMERISOURCEBERGEN CORP COM COM 03073E105 1950 74826.00 SH SOLE 48580.00 26246.00 AMERISTAR CASINOS INC COM 03070q101 7070 464263.00SH SOLE 373016.00 91247.00 AMSURG CORP COM 03232P405 13215 600157.00SH SOLE 458902.00 141255.00 AMTRUST FINANCIAL SERVICES COM 032359309 7532 637290.00SH SOLE 514540.00 122750.00 AON CORP. COM 037389103 1968 51349.00 SH SOLE 33226.00 18123.00 ARCH CAPITAL GROUP LTD. COM G0450A105 10267 143502.00SH SOLE 86729.00 56773.00 ARRIS GROUP INC COM COM 04269Q100 5510 482120.00SH SOLE 388193.00 93927.00 ARROW ELECTRS INC COM COM 042735100 7496 253172.00SH SOLE 152404.00 100768.00 ASHLAND INC NEW COM COM 044209104 8116 204855.00SH SOLE 130921.00 73934.00 ASSOCIATED BANC CORP. COM 045487105 2367 215000.00SH SOLE 160150.00 54850.00 ASSOCIATED ESTATE RLTY COM COM 045604105 7420 658436.00SH SOLE 530564.00 127872.00 ATLAS AIR WORLDWIDE HOLDINGS COM 049164205 8172 219398.00SH SOLE 176837.00 42561.00 ATMEL CORP COM COM 049513104 12514 2714620.00SH SOLE 2012303.00 702317.00 BALDOR ELEC CO COM COM 057741100 15308 544970.00SH SOLE 400080.00 144890.00 BB&T CORP COM 054937107 2049 80796.00 SH SOLE 52136.00 28660.00 BE AEROSPACE INC COM COM 073302101 24477 1041600.00SH SOLE 771069.00 270531.00 BEAZER HOMES USA INC COM COM 07556Q105 6962 1438550.00SH SOLE 1084680.00 353870.00 BENCHMARK ELECTRONICS COM 08160H101 17900 946623.00SH SOLE 706242.00 240381.00 BERRY PETROLEUM CO COM 085789105 12097 414997.00SH SOLE 312943.00 102054.00 BROWN SHOE INC NEW COM COM 115736100 13469 1364726.00SH SOLE 1041470.00 323256.00 CALLAWAY GOLF CO COM COM 131193104 10368 1375090.00SH SOLE 1032112.00 342978.00 CARDINAL FINANCIAL CORP COM 14149F109 9971 1140888.00SH SOLE 842677.00 298211.00 CARRIZO OIL & GAS INC COM 144577103 14057 530282.00SH SOLE 399043.00 131239.00 CBS CORP. CLASS B COM 124857202 2248 160007.00SH SOLE 117153.00 42854.00 CEC ENTERTAINMENT INC. COM 125137109 17505 548407.00SH SOLE 413640.00 134767.00 CELANESE CORP COM 150870103 11129 346698.00SH SOLE 209805.00 136893.00 CENTURYTEL INC COM COM 156700106 2756 76125.00 SH SOLE 47923.00 28202.00 CF INDUSTRIES HOLDINGS INC COM 125269100 5525 60866.00 SH SOLE 38226.00 22640.00 CHESAPEAKE ENERGY CORP COM COM 165167107 1182 45691.00 SH SOLE 29640.00 16051.00 CIGNA CORP COM COM 125509109 1713 48590.00 SH SOLE 35400.00 13190.00 CINCINNATI BELL INC COM COM 171871106 11102 3218049.00SH SOLE 2438513.00 779536.00 CINEMARK HOLDINGS INC COM 17243V102 8928 621343.00SH SOLE 502404.00 118939.00 CLECO CORP NEW COM COM 12561W105 18839 689335.00SH SOLE 526139.00 163196.00 COGDELL SPENCER INC COM 19238U107 8212 1451009.00SH SOLE 1171730.00 279279.00 COLONIAL PROPERTIES TRUST COM 195872106 14354 1223720.00SH SOLE 907580.00 316140.00 COMMERCIAL METALS Co COM 201723103 6256 399749.00SH SOLE 322243.00 77506.00 COMMSCOPE INC. COM 203372107 14521 547352.00SH SOLE 410287.00 137065.00 COMSTOCK RESOURCES INC COM 205768203 9019 222322.00SH SOLE 166868.00 55454.00 COMTECH TELECOMMUNICATIONS COM 205826209 15205 433950.00SH SOLE 322570.00 111380.00 CONSOLIDATED GRAPHICS COM COM 209341106 15353 438424.00SH SOLE 331533.00 106891.00 CONTINENTAL AIRLS INC CL B COM 210795308 18486 1031620.00SH SOLE 758212.00 273408.00 CONTINENTAL RESOURCES INC/OK COM 212015101 3175 74046.00 SH SOLE 47482.00 26564.00 COOPER TIRE & RUBBER COM 216831107 11876 592331.00SH SOLE 446000.00 146331.00 CRACKER BARREL OLD COUNTRY STO COM 22410J106 12531 329854.00SH SOLE 266492.00 63362.00 D.R. HORTON INC. COM 23331A109 5056 465200.00SH SOLE 283930.00 181270.00 DANA HOLDING CORP COM 235825205 11504 1061336.00SH SOLE 857282.00 204054.00 DEAN FOODS CO NEW COM COM 242370104 4972 275654.00SH SOLE 170446.00 105208.00 DEVELOPERS DIVERS RLTY COM COM 251591103 11173 1206645.00SH SOLE 896808.00 309837.00 DIEBOLD INC COM COM 253651103 5002 175844.00SH SOLE 106608.00 69236.00 DIGITAL RLTY TR INC COM COM 253868103 3631 72220.00 SH SOLE 42680.00 29540.00 DIODES INC COM 254543101 20007 980255.00SH SOLE 734088.00 246167.00 DOLLAR GENERAL CORP COM 256677105 1111 49560.00 SH SOLE 32010.00 17550.00 DR PEPPER SNAPPLE GROUP INC COM 26138E109 1820 64340.00 SH SOLE 41838.00 22502.00 DYCOM INDUSTRIES INC COM 267475101 11214 1396538.00SH SOLE 1051070.00 345468.00 EATON CORP COM COM 278058102 3368 52944.00 SH SOLE 34186.00 18758.00 EDISON INTERNATIONAL COM 281020107 3510 100943.00SH SOLE 64954.00 35989.00 EDUCATION REALTY TRUST COM 28140H104 12375 2556960.00SH SOLE 1924320.00 632640.00 ENCORE ACQUISITION CO COM 29255W100 11584 241245.00SH SOLE 178310.00 62935.00 ENTEGRIS INC COM COM 29362U104 19975 3783170.00SH SOLE 2811011.00 972159.00 ENTERCOM COMMUNICATIONS CORP COM 293639100 9237 1306606.00SH SOLE 992865.00 313741.00 EQUITY RESIDENTIAL COM 29476L107 1452 43008.00 SH SOLE 27538.00 15470.00 ETHAN ALLEN INTERIORS COM COM 297602104 5741 427859.00SH SOLE 343568.00 84291.00 FAIRCHILD SEMICND INTL COM COM 303726103 30589 3062056.00SH SOLE 2337819.00 724237.00 FEDERAL REALTY INVS TRUST COM 313747206 4512 66640.00 SH SOLE 40990.00 25650.00 FIDELITY NATIONAL COM 31620R105 4147 308131.00SH SOLE 188238.00 119893.00 FIFTH THIRD BANCORP COM 316773100 1969 201960.00SH SOLE 130630.00 71330.00 FIRST FINANCIAL BANCORP COM 320209109 20372 1399228.00SH SOLE 1057226.00 342002.00 FIRSTMERIT CORP COM COM 337915102 21501 1067608.00SH SOLE 815407.00 252201.00 FMC CORP. COM 302491303 2324 41680.00 SH SOLE 27051.00 14629.00 FOOT LOCKER INC COM 344849104 14482 1300051.00SH SOLE 956769.00 343282.00 FPIC INSURANCE GROUP INC COM 302563101 9685 250788.00SH SOLE 202147.00 48641.00 FULTON FINL CORP PA COM COM 360271100 9295 1066029.00SH SOLE 858930.00 207099.00 GANNETT INC COM COM 364730101 6375 429300.00SH SOLE 261302.00 167998.00 GENERAL CABLE DEL NEW COM COM 369300108 9210 313074.00SH SOLE 231401.00 81673.00 GENESCO INC COM 371532102 18576 676510.00SH SOLE 505600.00 170910.00 GENESEE & WYO INC CL A COM 371559105 10753 329447.00SH SOLE 265512.00 63935.00 GENUINE PARTS CO COM 372460105 1737 45762.00 SH SOLE 29586.00 16176.00 GENWORTH FINANCIAL INC CL A COM 37247D106 2307 203270.00SH SOLE 131712.00 71558.00 GRANITE CONSTRUCTION INC COM 387328107 13526 401849.00SH SOLE 297517.00 104332.00 GREAT LAKES DREDGE & DOCK CO COM 390607109 16195 2499302.00SH SOLE 1885522.00 613780.00 HANCOCK HOLDING CO. COM 410120109 21586 492736.00SH SOLE 365266.00 127470.00 HANOVER INSURANCE GROUP INC COM 410867105 27996 630116.00SH SOLE 465774.00 164342.00 HARRIS STRATEX NETWORKS, INC COM 41457P106 6636 960410.00SH SOLE 736836.00 223574.00 HEALTH CARE REIT INC COM 42217K106 6929 156356.00SH SOLE 94806.00 61550.00 HELIX ENERGY SOLUTIONS GROUP COM 42330P107 7486 637153.00SH SOLE 511555.00 125598.00 HEXCEL CORP COM 428291108 26541 2044783.00SH SOLE 1514340.00 530443.00 HIGHWOODS PPTYS INC COM COM 431284108 23143 693960.00SH SOLE 519270.00 174690.00 HORNBECK OFFSHORE SERVICES COM 440543106 13951 599283.00SH SOLE 440807.00 158476.00 IBERIABANK CORP COM 450828108 1897 35270.00 SH SOLE 20670.00 14600.00 IDACORP COM 451107106 14558 455663.00SH SOLE 369367.00 86296.00 INLAND REAL ESTATE CORP COM 457461200 10447 1281876.00SH SOLE 967033.00 314843.00 INNOPHOS HOLDINGS INC COM 45774N108 20289 882903.00SH SOLE 664751.00 218152.00 INTEGRATED DEVICE TECH COM COM 458118106 23957 3702885.00SH SOLE 2733675.00 969210.00 INTREPID POTASH INC COM 46121Y102 19582 671316.00SH SOLE 506246.00 165070.00 INVESTMENT TECHNOLOGY GROUP COM 46145F105 10828 549689.00SH SOLE 414222.00 135467.00 ISLE OF CAPRI CASINOS COM 464592104 4313 576670.00SH SOLE 464040.00 112630.00 JABIL CIRCUIT INC COM 466313103 19148 1102383.00SH SOLE 815736.00 286647.00 JB HUNT TRANSPRT SVCS COM 445658107 4110 127390.00SH SOLE 77801.00 49589.00 JDA SOFTWARE GROUP COM 46612K108 15028 590030.00SH SOLE 438904.00 151126.00 JONES APPAREL GROUP COM COM 480074103 15581 970191.00SH SOLE 714965.00 255226.00 KBW INC COM 482423100 11782 430653.00SH SOLE 324260.00 106393.00 KEY ENERGY SVCS INC COM COM 492914106 25811 2936441.00SH SOLE 2197697.00 738744.00 KEYCORP NEW COM COM 493267108 5359 965600.00SH SOLE 589490.00 376110.00 KINETIC CONCEPTS INC COM 49460W208 5580 148215.00SH SOLE 90735.00 57480.00 KING PHARMACEUTICALS COM COM 495582108 21937 1787908.00SH SOLE 1265765.00 522143.00 KNIGHT CAPITAL GROUP INC. COM 499005106 13207 857640.00SH SOLE 633140.00 224500.00 LANCE INC COM 514606102 9412 357901.00SH SOLE 288837.00 69064.00 LIFEPOINT HOSPITALS COM 53219L109 16279 500458.00SH SOLE 401359.00 99099.00 LINCOLN NATL CORP IND COM COM 534187109 2286 91897.00 SH SOLE 59597.00 32300.00 LORILLARD INC COM COM 544147101 1929 24051.00 SH SOLE 17618.00 6433.00 MACY'S INC COM 55616P104 1962 117084.00SH SOLE 75516.00 41568.00 MAGELLAN HEALTH SVCS COM NEW COM 559079207 13835 339691.00SH SOLE 273853.00 65838.00 MANITOWOC COMPANY COM 563571108 9108 913629.00SH SOLE 688997.00 224632.00 MDU RESOURCES GROUP COM 552690109 9949 421602.00SH SOLE 255985.00 165617.00 MEDIA GEN INC CL A COM 584404107 3051 389284.00SH SOLE 312776.00 76508.00 MENTOR GRAPHICS CORP COM 587200106 16512 1870067.00SH SOLE 1512760.00 357307.00 MGIC INVT CORP WIS COM COM 552848103 2736 473380.00SH SOLE 280847.00 192533.00 MGM MIRAGE COM 552953101 4658 510843.00SH SOLE 323784.00 187059.00 MKS INSTRUMENTS INC COM 55306N104 15983 918614.00SH SOLE 677967.00 240647.00 MOLEX INC COM 608554101 1657 76930.00 SH SOLE 49890.00 27040.00 MUELLER WATER PRODUCTS INC - A COM 624758108 17164 3300909.00SH SOLE 2454039.00 846870.00 MYERS INDS INC COM COM 628464109 9398 1032836.00SH SOLE 784948.00 247888.00 NATIONAL PENN BANCSHARES COM 637138108 16193 2796847.00SH SOLE 2085634.00 711213.00 NATIONAL RETAIL PROPERTIES COM 637417106 19687 927785.00SH SOLE 710972.00 216813.00 NAVIGATORS GROUP INC. COM 638904102 8066 171219.00SH SOLE 138075.00 33144.00 NEW JERSEY RES COM COM 646025106 10868 290604.00SH SOLE 235358.00 55246.00 NEWFIELD EXPL CO COM COM 651290108 1207 25027.00 SH SOLE 16233.00 8794.00 NORTHEAST UTILS COM COM 664397106 8962 347503.00SH SOLE 210797.00 136706.00 OLD DOMINION FREIGHT LINE COM 679580100 11653 379603.00SH SOLE 286266.00 93337.00 OMNOVA SOLUTIONS INC COM COM 682129101 8127 1325931.00SH SOLE 1068620.00 257311.00 PACIFIC CONTINENTAL CORP COM 69412V108 5594 489029.00SH SOLE 394189.00 94840.00 PACWEST BANCORP COM 695263103 8365 415152.00SH SOLE 321986.00 93166.00 PAETEC HOLDING CORP COM 695459107 6547 1577693.00SH SOLE 1268244.00 309449.00 PARAMETRIC TECHNOLOGY COM 699173209 25363 1552259.00SH SOLE 1154796.00 397463.00 PARKER HANNIFIN CORP COM 701094104 1907 35400.00 SH SOLE 22910.00 12490.00 PENN NATL GAMING INC COM COM 707569109 6740 247905.00SH SOLE 157906.00 89999.00 PENNEY J C INC COM COM 708160106 1683 63258.00 SH SOLE 40614.00 22644.00 PERKINELMER INC COM COM 714046109 9786 475294.00SH SOLE 291337.00 183957.00 PHILLIPS VAN HEUSEN CP COM COM 718592108 15266 375281.00SH SOLE 283318.00 91963.00 PHOTRONICS INC COM COM 719405102 8781 1973435.00SH SOLE 1590397.00 383038.00 PIONEER DRILLING COMPANY COM 723655106 9634 1219564.00SH SOLE 982732.00 236832.00 PLEXUS CORP. COM 729132100 19986 701779.00SH SOLE 520378.00 181401.00 PNM RESOURCES INC COM 69349H107 19926 1575179.00SH SOLE 1211639.00 363540.00 POST PPTYS INC COM COM 737464107 14996 765143.00SH SOLE 586725.00 178418.00 PROGRESS SOFTWARE CORP COM 743312100 17893 612360.00SH SOLE 454574.00 157786.00 QUAKER CHEMICAL CORP. COM 747316107 9802 474946.00SH SOLE 381707.00 93239.00 RADIAN GROUP INC COM COM 750236101 11143 1524358.00SH SOLE 1145913.00 378445.00 RC2 CORP COM COM 749388104 8807 597091.00SH SOLE 481639.00 115452.00 RLI CORP COM COM 749607107 10555 198234.00SH SOLE 159880.00 38354.00 ROBBINS & MYERS COM 770196103 10637 452260.00SH SOLE 338990.00 113270.00 ROCKWOOD HOLDINGS INC COM 774415103 25040 1062845.00SH SOLE 801304.00 261541.00 RRI ENERGY INC COM 74971X107 4686 819249.00SH SOLE 500146.00 319103.00 RUDDICK CORP COM COM 781258108 15319 595393.00SH SOLE 480437.00 114956.00 RYLAND GROUP INC COM 783764103 14796 751110.00SH SOLE 559775.00 191335.00 SAPIENT CORPORATION COM 803062108 11019 1332480.00SH SOLE 1004560.00 327920.00 SCHNITZER STEEL INDS INC-A COM 806882106 8746 183372.00SH SOLE 138183.00 45189.00 SEACOAST BANKING CORP COM 811707306 3795 2328255.00SH SOLE 1877120.00 451135.00 SEAGATE TECHNOLOGY COM G7945J104 1955 107477.00SH SOLE 67599.00 39878.00 SEMPRA ENERGY COM COM 816851109 2886 51568.00 SH SOLE 32853.00 18715.00 SILGAN HOLDINGS INC COM 827048109 8350 144274.00SH SOLE 116248.00 28026.00 SMITH A O COM COM 831865209 9856 227166.00SH SOLE 174326.00 52840.00 SMITH INTERNATIONAL INC COM 832110100 205 7553.00 SH SOLE 7553.00 SMUCKER J M CO COM NEW COM 832696405 4576 74112.00 SH SOLE 45388.00 28724.00 SOLUTIA INC COM 834376501 22726 1789510.00SH SOLE 1349101.00 440409.00 SOUTH FINANCIAL GROUP INC COM 837841105 1978 3069214.00SH SOLE 2406776.00 662438.00 SPARTECH CORP COM NEW COM 847220209 8368 815636.00SH SOLE 614133.00 201503.00 SPECTRA ENERGY CORP COM 847560109 2089 101901.00SH SOLE 65704.00 36197.00 STAGE STORES INC. COM 85254C305 15546 1257824.00SH SOLE 1016486.00 241338.00 STANDARD-PACIFIC CORP COM 85375C101 1772 473972.00SH SOLE 281371.00 192601.00 STANDEX INTERNATIONAL CORP COM 854231107 6602 328650.00SH SOLE 265533.00 63117.00 STARWOOD HOTELS & RESORTS COM 85590A401 7621 208416.00SH SOLE 127053.00 81363.00 STEEL DYNAMICS INC COM COM 858119100 7255 409458.00SH SOLE 249408.00 160050.00 SUN HEALTHCARE GROUP INC COM 866933401 8429 919263.00SH SOLE 741416.00 177847.00 SUNSTONE HOTL INVS INC COM COM 867892101 23990 2701578.00SH SOLE 2004299.00 697279.00 SUSQUEHANNA BKSHS PA COM COM 869099101 5107 867092.00SH SOLE 644682.00 222410.00 SYNIVERSE HOLDINGS INC COM 87163F106 6430 367859.00SH SOLE 279346.00 88513.00 SYNOVUS FINANCIAL CORP. COM 87161C105 7195 3510100.00SH SOLE 2608622.00 901478.00 T-3 ENERGY SERVICES INC COM 87306E107 12602 494225.00SH SOLE 372695.00 121530.00 TEMPLE-INLAND INC COM 879868107 21841 1034646.00SH SOLE 769608.00 265038.00 TENNECO INC. COM 880349105 16948 955925.00SH SOLE 714566.00 241359.00 THE ANDERSONS INC COM 034164103 5508 213326.00SH SOLE 171910.00 41416.00 TREEHOUSE FOODS INC. COM 89469A104 14914 383806.00SH SOLE 309615.00 74191.00 TRIUMPH GROUP INC COM 896818101 13546 280760.00SH SOLE 211640.00 69120.00 TRUSTMARK CORP COM COM 898402102 18427 817550.00SH SOLE 618188.00 199362.00 TRW AUTOMOTIVE HLDGS COM COM 87264S106 4508 188813.00SH SOLE 116413.00 72400.00 TYSON FOODS INC CL A COM 902494103 1478 120500.00SH SOLE 77987.00 42513.00 U STORE IT TR COM COM 91274F104 17917 2447780.00SH SOLE 1838630.00 609150.00 UGI CORP COM 902681105 7206 297899.00SH SOLE 181547.00 116352.00 UNIVERSAL HLTH SVCS CL B COM 913903100 7711 252848.00SH SOLE 158562.00 94286.00 UNUM GROUP COM 91529Y106 2120 108639.00SH SOLE 70411.00 38228.00 VECTREN CORP COM COM 92240G101 14769 598458.00SH SOLE 454770.00 143688.00 VEECO INSTRUMENTS INC. COM 922417100 16270 492457.00SH SOLE 397367.00 95090.00 VENOCO INC COM 92275P307 4176 320275.00SH SOLE 258173.00 62102.00 WASHINGTON FEDERAL INC COM 938824109 17301 894583.00SH SOLE 678312.00 216271.00 WASHINGTON REAL ESTATE INV. COM 939653101 17616 639455.00SH SOLE 495028.00 144427.00 WAUSAU PAPER CORP COM 943315101 9023 777921.00SH SOLE 630717.00 147204.00 WEATHERFORD INTL LTD COM COM H27013103 1508 84249.00 SH SOLE 61598.00 22651.00 WERNER ENTERPRISES INC. COM 950755108 7624 385054.00SH SOLE 310724.00 74330.00 WESTERN ALLIANCE BANCORP COM 957638109 8773 2320979.00SH SOLE 1752028.00 568951.00 WHITING PETROLEUM CORP. COM 966387102 12275 171802.00SH SOLE 126983.00 44819.00 WHITNEY HLDG CORP COM COM 966612103 22990 2523644.00SH SOLE 1875020.00 648624.00 WILLBROS GROUP INC COM COM 969203108 19807 1174123.00SH SOLE 866647.00 307476.00 WISCONSIN ENERGY CORP COM COM 976657106 10252 205752.00SH SOLE 125386.00 80366.00 WORLD ACCEPTANCE CORP COM 981419104 29307 817956.00SH SOLE 616990.00 200966.00 XCEL ENERGY INC. COM 98389B100 3248 153064.00SH SOLE 98894.00 54170.00 XL CAP LTD CL A COM G98255105 1966 107269.00SH SOLE 67615.00 39654.00 ZIONS BANK CORPORATION COM 989701107 13027 1015419.00SH SOLE 731560.00 283859.00 </TABLE>