13F-HR 1 d1014770_13f-hr.txt 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 holding entries. Institutional Manager Filing this Report: Name: Gardner Russo & Gardner Address: 223 East Chestnut Street Lancaster, PA 17602 13F File Number: 028-2635 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: Diana Crumay Title: Head Account Administrator Phone: (717) 299-1385 Signature, Place and Date of Signing: /s/ Diana Crumay Lancaster, PA August 14, 2009 ----------------------- -------------------------- ---------------------- [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 managers(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).) List of Other Managers Reporting for this Manager: None. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 88 Form 13F Information Table Value Total: $1,722,423 (in thousands) List of Other Included Managers: None FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRTN MNGRS SOLE SHARED NONE 3M CO COM 88579Y101 619 10,300 SH SOLE NONE 300 0 10,000 ABBOTT LABS COM 002824100 21,643 460,106 SH SOLE NONE 428,450 0 31,656 AES CORP COM 00130H105 677 58,300 SH SOLE NONE 29,300 0 29,000 AES TR III PFD CV 6.75% 00808N202 299 7,000 SH SOLE NONE 0 0 7,000 ALLIANCE ONE INTL INC COM 018772103 68 18,000 SH SOLE NONE 18,000 0 0 ALTRIA GROUP INC COM 02209S103 115,450 7,043,900 SH SOLE NONE 6,474,840 0 569,060 AMERICAN EXPRESS CO COM 025816109 1,563 67,250 SH SOLE NONE 60,075 0 7,175 AMERICAN TOWER CORP CL A 029912201 2,412 76,500 SH SOLE NONE 76,500 0 0 APTARGROUP INC COM 038336103 857 25,384 SH SOLE NONE 23,584 0 1,800 ARMSTRONG WORLD INDS INC NEW COM 04247X102 1,595 96,735 SH SOLE NONE 69,058 0 27,677 AT&T INC COM 00206R102 238 9,572 SH SOLE NONE 9,494 0 78 BANK OF AMERICA CORPORATION COM 060505104 301 22,790 SH SOLE NONE 21,790 0 1,000 BB&T CORP COM 054937107 333 15,150 SH SOLE NONE 15,150 0 0 BERKSHIRE HATHAWAY INC DEL CL A 084670108 299,250 3,325 SH SOLE NONE 3,002 0 323 BERKSHIRE HATHAWAY INC DEL CL B 084670207 70,198 24,242 SH SOLE NONE 21,469 0 2,773 BP PLC SPONSORED ADR 055622104 563 11,809 SH SOLE NONE 10,459 0 1,350 BROWN FORMAN CORP CL A 115637100 67,887 1,469,409 SH SOLE NONE 1,362,177 0 107,232 BROWN FORMAN CORP CL B 115637209 8,028 186,781 SH SOLE NONE 160,880 0 25,901 CARLISLE COS INC COM 142339100 1,667 69,338 SH SOLE NONE 69,338 0 0 CHEVRON CORP NEW COM 166764100 2,027 30,594 SH SOLE NONE 30,269 0 325 CISCO SYS INC COM 17275R102 2,793 149,750 SH SOLE NONE 149,750 0 0 COCA COLA CO COM 191216100 1,370 28,554 SH SOLE NONE 26,753 0 1,801 COMCAST CORP NEW CL A 20030N101 720 49,761 SH SOLE NONE 40,067 0 9,694 COMCAST CORP NEW CL A SPL 20030N200 142,599 10,113,378 SH SOLE NONE 9,276,435 0 836,943 CONOCOPHILLIPS COM 20825C104 1,722 40,938 SH SOLE NONE 39,029 0 1,909 COSTCO WHSL CORP NEW COM 22160K105 817 17,850 SH SOLE NONE 16,150 0 1,700 CRANE CO COM 224399105 4,191 187,847 SH SOLE NONE 165,252 0 22,595 DEERE & CO COM 244199105 444 11,125 SH SOLE NONE 10,900 0 225 DEVON ENERGY CORP NEW COM 25179M103 1,635 30,000 SH SOLE NONE 30,000 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 25,796 450,581 SH SOLE NONE 396,481 0 54,100 DISNEY WALT CO COM DISNEY 254687106 457 19,600 SH SOLE NONE 18,650 0 950 DOVER CORP COM 260003108 1,348 40,750 SH SOLE NONE 33,250 0 7,500 DU PONT E I DE NEMOURS & CO COM 263534109 437 17,076 SH SOLE NONE 17,076 0 0 ENCANA CORP COM 292505104 2,548 51,500 SH SOLE NONE 51,500 0 0 EXXON MOBIL CORP COM 30231G102 13,677 195,644 SH SOLE NONE 178,350 0 17,294 FPL GROUP INC COM 302571104 301 5,300 SH SOLE NONE 5,300 0 0 FULTON FINL CORP PA COM 360271100 838 161,560 SH SOLE NONE 85,936 0 75,624 GENERAL DYNAMICS CORP COM 369550108 798 14,400 SH SOLE NONE 14,400 0 0 GENERAL ELECTRIC CO COM 369604103 993 84,758 SH SOLE NONE 60,338 0 24,420 HARTE-HANKS INC COM 416196103 93 10,000 SH SOLE NONE 10,000 0 0 HASBRO INC COM 418056107 25,926 1,069,566 SH SOLE NONE 987,115 0 82,451 HEARTLAND EXPRESS INC COM 422347104 961 65,258 SH SOLE NONE 58,992 0 6,266 HORMEL FOODS CORP COM 440452100 12,498 361,839 SH SOLE NONE 323,839 0 38,000 INTERNATIONAL BUSINESS MAC COM 459200101 937 8,976 SH SOLE NONE 3,801 0 5,175 JOHNSON & JOHNSON COM 478160104 2,848 50,136 SH SOLE NONE 47,836 0 2,300 JPMORGAN CHASE & CO COM 46625H100 1,023 30,000 SH SOLE NONE 0 0 30,000 KRAFT FOODS INC CL A 50075N104 2,324 91,726 SH SOLE NONE 81,222 0 10,504 LEUCADIA NATL CORP COM 527288104 2,255 106,936 SH SOLE NONE 105,236 0 1,700 LEXINGTON REALTY TRUST COM 529043101 136 40,106 SH SOLE NONE 35,911 0 4,195 MARKEL CORP COM 570535104 14,481 51,404 SH SOLE NONE 42,849 0 8,555 MARTIN MARIETTA MATLS INC COM 573284106 137,285 1,740,427 SH SOLE NONE 1,592,057 0 148,370 MASTERCARD INC CL A 57636Q104 12,813 76,580 SH SOLE NONE 68,720 0 7,860 MATTEL INC COM 577081102 634 39,500 SH SOLE NONE 38,000 0 1,500 MCCLATCHY CO CL A 579489105 16 32,104 SH SOLE NONE 18,900 0 13,204 MCCORMICK & CO INC COM NON VTG 579780206 2,137 65,700 SH SOLE NONE 58,700 0 7,000 MCDONALDS CORP COM 580135101 723 12,575 SH SOLE NONE 12,425 0 150 MERCK & CO INC COM 589331107 212 7,586 SH SOLE NONE 5,586 0 2,000 MESA RTY TR UNIT BEN INT 590660106 564 21,000 SH SOLE NONE 21,000 0 0 MICROSOFT CORP COM 594918104 2,711 114,072 SH SOLE NONE 113,242 0 830 MILLER HERMAN INC COM 600544100 12,607 821,856 SH SOLE NONE 716,856 0 105,000 MONSANTO CO NEW COM 61166W101 379 5,100 SH SOLE NONE 4,300 0 800 NORTHERN TR CORP COM 665859104 268 5,000 SH SOLE NONE 5,000 0 0 PEPSICO INC COM 713448108 8,075 146,925 SH SOLE NONE 135,700 0 11,225 PFIZER INC COM 717081103 888 59,200 SH SOLE NONE 57,200 0 2,000 PHILIP MORRIS INTL INC COM 718172109 277,031 6,351,002 SH SOLE NONE 5,832,559 0 518,443 PIONEER NAT RES CO COM 723787107 291 11,400 SH SOLE NONE 6,200 0 5,200 PNC FINL SVCS GROUP INC COM 693475105 449 11,581 SH SOLE NONE 2,781 0 8,800 POZEN INC COM 73941U102 77 10,000 SH SOLE NONE 0 0 10,000 PROCTER & GAMBLE CO COM 742718109 13,029 254,972 SH SOLE NONE 239,672 0 15,300 PROGRESSIVE CORP OHIO COM 743315103 2,514 166,359 SH SOLE NONE 139,954 0 26,405 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 3,262 64,989 SH SOLE NONE 43,769 0 21,220 ROYAL DUTCH SHELL PLC SPON ADR B 780259107 250 4,912 SH SOLE NONE 4,912 0 0 SCHLUMBERGER LTD COM 806857108 607 11,225 SH SOLE NONE 11,225 0 0 SCRIPPS E W CO OHIO COM 811054402 432 206,551 SH SOLE NONE 183,810 0 22,741 SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 71,955 2,585,503 SH SOLE NONE 2,379,131 0 206,372 STAPLES INC COM 855030102 3,570 176,898 SH SOLE NONE 160,448 0 16,450 SUN MICROSYSTEMS INC COM NEW 866810203 455 49,300 SH SOLE NONE 49,300 0 0 SUSQUEHANNA BANCSHARES INC P COM 869099101 187 38,162 SH SOLE NONE 34,477 0 3,685 SWISS HELVETIA FD INC COM 870875101 193 20,000 SH SOLE NONE 20,000 0 0 TIGERLOGIC CORPORATION COM 8867EQ101 49 20,000 SH SOLE NONE 10,000 0 10,000 TIME WARNER INC COM NEW 887317303 216 8,589 SH SOLE NONE 1,923 0 6,666 UNILEVER N V N Y SHS NEW 904784709 84,272 3,485,213 SH SOLE NONE 3,214,103 0 271,110 VORNADO RLTY TR SH BEN INT 929042109 787 17,473 SH SOLE NONE 0 0 17,473 VULCAN MATLS CO COM 929160109 3,368 78,150 SH SOLE NONE 57,450 0 20,700 WAL MART STORES INC COM 931142103 2,160 44,593 SH SOLE NONE 23,893 0 20,700 WASHINGTON POST CO CL B 939640108 61,525 174,697 SH SOLE NONE 160,693 0 14,004 WELLS FARGO & CO NEW COM 949746101 153,573 6,330,314 SH SOLE NONE 5,801,058 0 529,256 WYETH COM 983024100 218 4,800 SH SOLE NONE 4,800 0 0

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