13F-HR 1 hr13f2q09.txt HR13F2Q09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/09 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: Ariel Investments, LLC Address: 200 E. Randolph Drive Suite 2900 Chicago, IL 60601 13F File Number: 28-04003 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: Wendy D. Fox Title: Vice President/Chief Compliance Officer Phone: 312-726-0140 Signature, Place, and Date of Signing: /s/ Wendy D. Fox Chicago, IL 08/14/09 ----------------------------------- ---------------- -------------------- Report Type (Check only one.): | | 13F HOLDINGS REPORT. |_| 13F NOTICE. |X| 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-06386 GW Capital Management, LLC FORM 13F SUMMARY PAGE AS OF DATE:06/30/09 REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 2 FORM 13F INFORMATION TABLE ENTRY TOTAL: 203 FORM 13F INFORMATION TABLE VALUE TOTAL: $3,697,258,961 LIST OF OTHER INCLUDED MANAGERS: NO. 13F FILE NUMBER NAME 1 28-10561 AIC Investment Services, Inc. 2 28-42 AXA Equitable Life Insurance Company FORM 13F INFORMATION TABLE

TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ----------------------- -------- --------- -------- ------- --- ---- ------- ---------- ----- ------ ---- 21st Century Holding Co. COMMON 90136Q100 179660 55795 SH SOLE 0 55795 0 0 Accenture Ltd COMMON G1150G111 58703027 1754424 SH SOLE 0 1661741 0 92683 Accenture Ltd COMMON G1150G111 11222484 335400 SH OTHER 1 335400 0 0 Accenture Ltd COMMON G1150G111 2372314 70900 SH OTHER 2 70900 0 0 Adaptec, Inc. COMMON 00651F108 79633 30050 SH SOLE 0 30050 0 0 Aflac Inc. COMMON 001055102 47623351 1531790 SH SOLE 0 1447165 0 84625 Aflac Inc. COMMON 001055102 7405638 238200 SH OTHER 1 238200 0 0 Aflac Inc. COMMON 001055102 2005305 64500 SH OTHER 2 64500 0 0 American Electric Technologies, Inc. COMMON 025576109 210835 104374 SH SOLE 0 104374 0 0 American Express Company COMMON 025816109 1544298 66450 SH SOLE 0 43950 0 22500 American Express Company COMMON 025816109 5026812 216300 SH OTHER 1 216300 0 0 Anixter International Inc. COMMON 035290105 113934313 3030974 SH SOLE 0 2911999 0 118975 Anixter International Inc. COMMON 035290105 340941 9070 SH OTHER 1 9070 0 0 Anixter International Inc. COMMON 035290105 1830633 48700 SH OTHER 2 48700 0 0 ATS Medical, Inc. COMMON 002083103 517542 156831 SH SOLE 0 156831 0 0 AuthenTec, Inc. COMMON 052660107 68065 38025 SH SOLE 0 38025 0 0 Ballantyne Strong, Inc. COMMON 058516105 246020 118850 SH SOLE 0 118850 0 0 Baxter International Inc. COMMON 071813109 35380299 668057 SH SOLE 0 645459 0 22598 Baxter International Inc. COMMON 071813109 1652352 31200 SH OTHER 2 31200 0 0 Berkshire Hathaway Inc. COMMON 084670207 2591678 895 SH SOLE 0 588 0 307 Berkshire Hathaway Inc. COMMON 084670207 9292398 3209 SH OTHER 1 3209 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 104668795 1386709 SH SOLE 0 1330309 0 56400 Bio-Rad Laboratories, Inc. COMMON 090572207 407592 5400 SH OTHER 1 5400 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 981240 13000 SH OTHER 2 13000 0 0 Black & Decker Corp. COMMON 091797100 28701299 1001441 SH SOLE 0 1001441 0 0 Black & Decker Corp. COMMON 091797100 108621 3790 SH OTHER 1 3790 0 0 Blount International, Inc. COMMON 095180105 16843183 1956235 SH SOLE 0 1626985 0 341455 Blount International, Inc. COMMON 095180105 105085 12205 SH OTHER 0 0 12205 Bob Evans Farms, Inc. COMMON 096761101 15991338 556414 SH SOLE 0 468489 0 87925 Brady Corp. COMMON 104674106 80629749 3209783 SH SOLE 0 3071883 0 142205 Brady Corp. COMMON 104674106 370394 14745 SH OTHER 1 14745 0 0 Brady Corp. COMMON 104674106 108142 4305 SH OTHER 0 0 4305 Carnival Corp. COMMON 143658300 49616038 1925341 SH SOLE 0 1826773 0 98568 Carnival Corp. COMMON 143658300 8256708 320400 SH OTHER 1 320400 0 0 Carnival Corp. COMMON 143658300 2164680 84000 SH OTHER 2 84000 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 154030678 16456269 SH SOLE 0 15821919 0 634350 CB Richard Ellis Group, Inc. COMMON 12497T101 491400 52500 SH OTHER 1 52500 0 0 CB Richard Ellis Group, Inc. COMMON 12497T101 2674152 285700 SH OTHER 2 285700 0 0 CBS Corp. COMMON 124857202 105284555 15214531 SH SOLE 0 14963749 0 250782 CBS Corp. COMMON 124857202 379216 54800 SH OTHER 1 54800 0 0 CBS Corp. COMMON 124857202 2058008 297400 SH OTHER 2 297400 0 0 City National Corp. COMMON 178566105 108696379 2951300 SH SOLE 0 2830819 0 123351 City National Corp. COMMON 178566105 324288 8805 SH OTHER 1 8805 0 0 City National Corp. COMMON 178566105 1697863 46100 SH OTHER 2 46100 0 0 City National Corp. COMMON 178566105 105702 2870 SH OTHER 0 0 2870 Clorox Co. COMMON 189054109 14630531 262055 SH SOLE 0 249837 0 12218 Clorox Co. COMMON 189054109 541551 9700 SH OTHER 2 9700 0 0 Constellation Brands, Inc. COMMON 21036P108 95570060 7537071 SH SOLE 0 7431695 0 112086 Constellation Brands, Inc. COMMON 21036P108 358844 28300 SH OTHER 1 28300 0 0 Constellation Brands, Inc. COMMON 21036P108 1776468 140100 SH OTHER 2 140100 0 0 Constellation Brands, Inc. COMMON 21036P108 85083 6710 SH OTHER 0 0 6710 Covidien PLC COMMON G2554F105 2276389 60801 SH SOLE 0 40301 0 20500 Covidien PLC COMMON G2554F105 7401888 197700 SH OTHER 1 197700 0 0 CSP Inc. COMMON 126389105 60258 16974 SH SOLE 0 16974 0 0 Dell Inc. COMMON 24702R101 51153724 3725690 SH SOLE 0 3500290 0 225400 Dell Inc. COMMON 24702R101 11592239 844300 SH OTHER 1 844300 0 0 Dell Inc. COMMON 24702R101 2135015 155500 SH OTHER 2 155500 0 0 Dun & Bradstreet Corp. COMMON 26483E100 30680082 377787 SH SOLE 0 367598 0 11429 Dun & Bradstreet Corp. COMMON 26483E100 154299 1900 SH OTHER 1 1900 0 0 Dun & Bradstreet Corp. COMMON 26483E100 1007004 12400 SH OTHER 2 12400 0 0 Dun & Bradstreet Corp. COMMON 26483E100 100700 1240 SH OTHER 0 0 1240 eBay, Inc. COMMON 278642103 3076205 179580 SH SOLE 0 119080 0 60500 eBay, Inc. COMMON 278642103 9760674 569800 SH OTHER 1 569800 0 0 Energizer Holdings, Inc. COMMON 29266R108 67340756 1289065 SH SOLE 0 1271959 0 18746 Energizer Holdings, Inc. COMMON 29266R108 246834 4725 SH OTHER 1 4725 0 0 Energizer Holdings, Inc. COMMON 29266R108 955992 18300 SH OTHER 2 18300 0 0 Energizer Holdings, Inc. COMMON 29266R108 85674 1640 SH OTHER 0 0 1640 Equifax Inc. COMMON 294429105 88640585 3396191 SH SOLE 0 3348910 0 47281 Equifax Inc. COMMON 294429105 345956 13255 SH OTHER 1 13255 0 0 Equifax Inc. COMMON 294429105 1498140 57400 SH OTHER 2 57400 0 0 Exxon Mobil Corporation COMMON 30231G102 2156024 30840 SH SOLE 0 20440 0 10400 Exxon Mobil Corporation COMMON 30231G102 7015469 100350 SH OTHER 1 100350 0 0 Franklin Resources, Inc. COMMON 354613101 45585931 633050 SH SOLE 0 602714 0 30336 Franklin Resources, Inc. COMMON 354613101 6624920 92000 SH OTHER 1 92000 0 0 Franklin Resources, Inc. COMMON 354613101 1879461 26100 SH OTHER 2 26100 0 0 Gannett Co., Inc. COMMON 364730101 96151820 26933283 SH SOLE 0 25986752 0 946531 Gannett Co., Inc. COMMON 364730101 311304 87200 SH OTHER 1 87200 0 0 Gannett Co., Inc. COMMON 364730101 1545096 432800 SH OTHER 2 432800 0 0 Green Plains Renewable Energy Inc. COMMON 393222104 121660 18574 SH SOLE 0 18574 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 42475971 1769095 SH SOLE 0 1690135 0 82992 HCC Insurance Holdings, Inc. COMMON 404132102 165789 6905 SH OTHER 1 6905 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 96808 4032 SH OTHER 0 0 4032 Herman Miller, Inc. COMMON 600544100 6424085 418780 SH SOLE 0 349485 0 69295 Hess Corp. COMMON 42809H107 18869475 351060 SH SOLE 0 326960 0 24100 Hess Corp. COMMON 42809H107 6721438 125050 SH OTHER 1 125050 0 0 Hess Corp. COMMON 42809H107 720250 13400 SH OTHER 2 13400 0 0 Hewitt Associates, Inc. COMMON 42822Q100 153042726 5139111 SH SOLE 0 4954594 0 184517 Hewitt Associates, Inc. COMMON 42822Q100 473353 15895 SH OTHER 1 15895 0 0 Hewitt Associates, Inc. COMMON 42822Q100 2653398 89100 SH OTHER 2 89100 0 0 Horace Mann Educators Corp. COMMON 440327104 15237350 1528320 SH SOLE 0 1282455 0 257285 Horace Mann Educators Corp. COMMON 440327104 113857 11420 SH OTHER 0 0 11420 Hospira, Inc. COMMON 441060100 75156179 1951095 SH SOLE 0 1951095 0 2150 Hospira, Inc. COMMON 441060100 481500 12500 SH OTHER 1 12500 0 0 Hospira, Inc. COMMON 441060100 82818 2150 SH OTHER 0 0 2150 IDEX Corp. COMMON 45167R104 61377359 2498061 SH SOLE 0 2381681 0 120993 IDEX Corp. COMMON 45167R104 257985 10500 SH OTHER 1 10500 0 0 IDEX Corp. COMMON 45167R104 113341 4613 SH OTHER 0 0 4613 Illinois Tool Works Inc. COMMON 452308109 17784557 476287 SH SOLE 0 436787 0 39500 Illinois Tool Works Inc. COMMON 452308109 8543392 228800 SH OTHER 1 228800 0 0 Illinois Tool Works Inc. COMMON 452308109 623578 16700 SH OTHER 2 16700 0 0 IMS Health Inc. COMMON 449934108 146826059 11561107 SH SOLE 0 11083127 0 485375 IMS Health Inc. COMMON 449934108 9337993 735275 SH OTHER 1 735275 0 0 IMS Health Inc. COMMON 449934108 2376170 187100 SH OTHER 2 187100 0 0 IMS Health Inc. COMMON 449934108 93917 7395 SH OTHER 0 0 7395 Interface, Inc. COMMON 458665106 40863130 6569635 SH SOLE 0 6188110 0 396450 Interface, Inc. COMMON 458665106 146170 23500 SH OTHER 1 23500 0 0 Interface, Inc. COMMON 458665106 92834 14925 SH OTHER 0 0 14925 International Business Machines Corp. COMMON 459200101 1949521 18670 SH SOLE 0 12270 0 6400 International Business Machines Corp. COMMON 459200101 6620228 63400 SH OTHER 1 63400 0 0 International Game Technology COMMON 459902102 109970045 6916355 SH SOLE 0 6800055 0 121640 International Game Technology COMMON 459902102 419760 26400 SH OTHER 1 26400 0 0 International Game Technology COMMON 459902102 2133780 134200 SH OTHER 2 134200 0 0 International Game Technology COMMON 459902102 84906 5340 SH OTHER 0 0 5340 Interpublic Group of Cos., Inc. COMMON 460690100 115152706 22802516 SH SOLE 0 21896684 0 926472 Interpublic Group of Cos., Inc. COMMON 460690100 336532 66640 SH OTHER 1 66640 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 1821535 360700 SH OTHER 2 360700 0 0 Interpublic Group of Cos., Inc. COMMON 460690100 104232 20640 SH OTHER 0 0 20640 J.M. Smucker Co. COMMON 832696405 80128422 1646700 SH SOLE 0 1637400 0 9300 J.M. Smucker Co. COMMON 832696405 370546 7615 SH OTHER 1 7615 0 0 J.M. Smucker Co. COMMON 832696405 705570 14500 SH OTHER 2 14500 0 0 Janus Capital Group Inc. COMMON 47102X105 160832842 14108144 SH SOLE 0 13575484 0 532660 Janus Capital Group Inc. COMMON 47102X105 551361 48365 SH OTHER 1 48365 0 0 Janus Capital Group Inc. COMMON 47102X105 2440740 214100 SH OTHER 2 214100 0 0 Johnson & Johnson COMMON 478160104 3659624 64430 SH SOLE 0 42730 0 21700 Johnson & Johnson COMMON 478160104 12257440 215800 SH OTHER 1 215800 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 141570669 4325410 SH SOLE 0 4171315 0 154095 Jones Lang LaSalle Inc. COMMON 48020Q107 415671 12700 SH OTHER 1 12700 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 2140542 65400 SH OTHER 2 65400 0 0 JPMorgan Chase & Co. COMMON 46625H100 1972922 57840 SH SOLE 0 38340 0 19500 JPMorgan Chase & Co. COMMON 46625H100 6769812 198470 SH OTHER 1 198470 0 0 Laboratory Corp. of America Holdings COMMON 50540R409 32978954 486487 SH SOLE 0 468887 0 18440 Laboratory Corp. of America Holdings COMMON 50540R409 1471043 21700 SH OTHER 2 21700 0 0 Laboratory Corp. of America Holdings COMMON 50540R409 56944 840 SH OTHER 0 0 840 Lee Enterprises, Inc. COMMON 523768109 1701419 3210225 SH SOLE 0 2627770 0 582455 Littelfuse, Inc. COMMON 537008104 14827685 742870 SH SOLE 0 619895 0 122975 Markel Corp. COMMON 570535104 84231399 299011 SH SOLE 0 287258 0 12098 Markel Corp. COMMON 570535104 242825 862 SH OTHER 1 862 0 0 Markel Corp. COMMON 570535104 1154970 4100 SH OTHER 2 4100 0 0 Markel Corp. COMMON 570535104 97187 345 SH OTHER 0 0 345 Matthews International Corp. COMMON 577128101 14987361 481599 SH SOLE 0 398969 0 85800 Matthews International Corp. COMMON 577128101 98650 3170 SH OTHER 0 0 3170 MB Financial, Inc. COMMON 55264U108 217862 21380 SH SOLE 0 21380 0 0 McClatchy Company COMMON 579489105 2353416 4706832 SH SOLE 0 3794032 0 912800 Merck & Co., Inc. COMMON 589331107 1781611 63720 SH SOLE 0 42220 0 21500 Merck & Co., Inc. COMMON 589331107 5949888 212800 SH OTHER 1 212800 0 0 Meredith Corporation COMMON 589433101 55427020 2169355 SH SOLE 0 2068755 0 104435 Meredith Corporation COMMON 589433101 215259 8425 SH OTHER 1 8425 0 0 Meredith Corporation COMMON 589433101 97984 3835 SH OTHER 0 0 3835 Mitcham Industries, Inc. COMMON 606501104 126013 24280 SH SOLE 0 24280 0 0 Mohawk Industries, Inc. COMMON 608190104 16610182 465532 SH SOLE 0 465532 0 1505 Mohawk Industries, Inc. COMMON 608190104 96871 2715 SH OTHER 1 2715 0 0 Mohawk Industries, Inc. COMMON 608190104 53698 1505 SH OTHER 0 0 1505 Newell Rubbermaid Inc. COMMON 651229106 43726268 4200410 SH SOLE 0 4200410 0 0 Newell Rubbermaid Inc. COMMON 651229106 323751 31100 SH OTHER 1 31100 0 0 Nordstrom, Inc. COMMON 655664100 66639058 3350380 SH SOLE 0 3300480 0 54555 Nordstrom, Inc. COMMON 655664100 231719 11650 SH OTHER 1 11650 0 0 Nordstrom, Inc. COMMON 655664100 1036269 52100 SH OTHER 2 52100 0 0 Nordstrom, Inc. COMMON 655664100 92588 4655 SH OTHER 0 0 4655 Northern Trust Corp. COMMON 665859104 36345762 677082 SH SOLE 0 660182 0 16900 Northern Trust Corp. COMMON 665859104 1556720 29000 SH OTHER 2 29000 0 0 Omnicom Group Inc. COMMON 681919106 39313468 1244885 SH SOLE 0 1165389 0 79496 Omnicom Group Inc. COMMON 681919106 9284520 294000 SH OTHER 1 294000 0 0 Omnicom Group Inc. COMMON 681919106 1414784 44800 SH OTHER 2 44800 0 0 Orion Energy Systems, Inc. COMMON 686275108 169519 45205 SH SOLE 0 45205 0 0 Peerless Systems Corp. COMMON 705536100 68849 33585 SH SOLE 0 33585 0 0 Perceptron, Inc. COMMON 71361F100 310804 90350 SH SOLE 0 90350 0 0 Pitney Bowes Inc. COMMON 724479100 4837144 220572 SH SOLE 0 191127 0 29445 PrivateBancorp, Inc. COMMON 742962103 73667109 3312370 SH SOLE 0 3174495 0 137875 PrivateBancorp, Inc. COMMON 742962103 343608 15450 SH OTHER 1 15450 0 0 Radio One, Inc. COMMON 75040P405 1628580 6514320 SH SOLE 0 5269620 0 1244700 Red Lion Hotels Corporation COMMON 756764106 207192 43165 SH SOLE 0 43165 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 79517983 5872820 SH SOLE 0 5630795 0 250240 Royal Caribbean Cruises Ltd. COMMON V7780T103 377766 27900 SH OTHER 1 27900 0 0 Royal Caribbean Cruises Ltd. COMMON V7780T103 111231 8215 SH OTHER 0 0 8215 Shoe Carnival, Inc. COMMON 824889109 178055 14925 SH SOLE 0 14925 0 0 Sotheby's COMMON 835898107 50206809 3558243 SH SOLE 0 3431643 0 131930 Sotheby's COMMON 835898107 158032 11200 SH OTHER 1 11200 0 0 Sotheby's COMMON 835898107 544646 38600 SH OTHER 2 38600 0 0 Sotheby's COMMON 835898107 75206 5330 SH OTHER 0 0 5330 Steelcase Inc. COMMON 858155203 5376737 923838 SH SOLE 0 770213 0 153625 T. Rowe Price Group, Inc. COMMON 74144T108 30429601 730252 SH SOLE 0 700193 0 30059 T. Rowe Price Group, Inc. COMMON 74144T108 1308438 31400 SH OTHER 2 31400 0 0 The Steak n Shake Company COMMON 857873103 205346 23495 SH SOLE 0 23495 0 0 Thermo Fisher Scientific Inc. COMMON 883556102 44579182 1093431 SH SOLE 0 1052481 0 40950 Thermo Fisher Scientific Inc. COMMON 883556102 1850958 45400 SH OTHER 2 45400 0 0 Tiffany & Co. COMMON 886547108 93842905 3700430 SH SOLE 0 3567430 0 136605 Tiffany & Co. COMMON 886547108 5670496 223600 SH OTHER 1 223600 0 0 Tiffany & Co. COMMON 886547108 1585000 62500 SH OTHER 2 62500 0 0 Tiffany & Co. COMMON 886547108 91423 3605 SH OTHER 0 0 3605 TomoTherapy Incorporated COMMON 890088107 116201 42255 SH SOLE 0 42255 0 0 Toyota Motor Corp. COMMON 892331307 1785529 23640 SH SOLE 0 15640 0 8000 Toyota Motor Corp. COMMON 892331307 5815810 77000 SH OTHER 1 77000 0 0 Tyco International Ltd. COMMON H89128104 2599715 100066 SH SOLE 0 66266 0 33800 Tyco International Ltd. COMMON H89128104 8446098 325100 SH OTHER 1 325100 0 0 Versar Inc. COMMON 925297103 190560 48000 SH SOLE 0 48000 0 0 Vical Incorporated COMMON 925602104 370435 137198 SH SOLE 0 137198 0 0 Walt Disney Co. COMMON 254687106 2341049 100345 SH SOLE 0 66445 0 33900 Walt Disney Co. COMMON 254687106 7612579 326300 SH OTHER 1 326300 0 0 Waste Management, Inc. COMMON 94106L109 1879962 66760 SH SOLE 0 44160 0 22600 Waste Management, Inc. COMMON 94106L109 6113536 217100 SH OTHER 1 217100 0 0 White Electronic Designs Corporation COMMON 963801105 319339 68675 SH SOLE 0 68675 0 0 Zimmer Holdings, Inc. COMMON 98956P102 23090478 542030 SH SOLE 0 527330 0 14700 Zimmer Holdings, Inc. COMMON 98956P102 1141680 26800 SH OTHER 2 26800 0 0 3697258961