13F-HR 1 d1039853_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 September 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 November 16, 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: 89 Form 13F Information Table Value Total: $1,932,560 (in thousands) List of Other Included Managers: None FORM 13F INFORMATION TABLE

TITLE VALUE SHRS OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRTN MGRS SOLE SHARED NONE -------------- -------- ----- -------- ------- --- ---- ------ ---- ---- ------ ---- 3M CO COM 88579Y101 760 10,300 SH SOLE NONE 300 0 10,000 ABBOTT LABS COM 002824100 27,916 564,310 SH SOLE NONE 512,420 0 51,890 AES CORP COM 00130H105 864 58,300 SH SOLE NONE 29,300 0 29,000 AES TR III PFD CV 6.75% 00808N202 308 7,000 SH SOLE NONE 0 0 7,000 ALLIANCE ONE INTL INC COM 018772103 78 17,500 SH SOLE NONE 17,500 0 0 ALTRIA GROUP INC COM 02209S103 114,016 6,401,780 SH SOLE NONE 5,875,659 0 526,121 AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 208 4,750 SH SOLE NONE 4,750 0 0 AMERICAN EXPRESS CO COM 025816109 2,279 67,225 SH SOLE NONE 60,050 0 7,175 AMERICAN TOWER CORP CL A 029912201 2,780 76,360 SH SOLE NONE 76,360 0 0 APTARGROUP INC COM 038336103 918 24,584 SH SOLE NONE 23,584 0 1,000 ARMSTRONG WORLD INDS INC NEW COM 04247X102 3,120 90,542 SH SOLE NONE 69,058 0 21,484 AT&T INC COM 00206R102 252 9,328 SH SOLE NONE 9,250 0 78 BANK OF AMERICA CORPORATION COM 060505104 386 22,790 SH SOLE NONE 21,790 0 1,000 BERKSHIRE HATHAWAY INC DEL CL A 084670108 319,564 3,164 SH SOLE NONE 2,869 0 295 BERKSHIRE HATHAWAY INC DEL CL B 084670207 86,059 25,898 SH SOLE NONE 22,948 0 2,950 BP PLC SPONSORED ADR 055622104 595 11,177 SH SOLE NONE 9,827 0 1,350 BROWN FORMAN CORP CL A 115637100 74,461 1,458,019 SH SOLE NONE 1,348,057 0 109,962 BROWN FORMAN CORP CL B 115637209 8,850 183,525 SH SOLE NONE 160,199 0 23,326 CADBURY PLC SPONS ADR 12721E102 302 5,889 SH SOLE NONE 2,924 0 2,965 CARLISLE COS INC COM 142339100 2,351 69,338 SH SOLE NONE 69,338 0 0 CHEVRON CORP NEW COM 166764100 3,870 54,944 SH SOLE NONE 54,219 0 725 CISCO SYS INC COM 17275R102 3,502 148,750 SH SOLE NONE 148,750 0 0 COCA COLA CO COM 191216100 1,622 30,206 SH SOLE NONE 28,555 0 1,651 COMCAST CORP NEW CL A 20030N101 861 51,011 SH SOLE NONE 41,317 0 9,694 COMCAST CORP NEW CL A SPL 20030N200 158,809 9,876,156 SH SOLE NONE 9,059,540 0 816,616 CONOCOPHILLIPS COM 20825C104 940 20,804 SH SOLE NONE 19,029 0 1,775 COSTCO WHSL CORP NEW COM 22160K105 1,075 19,075 SH SOLE NONE 17,375 0 1,700 CRANE CO COM 224399105 4,848 187,847 SH SOLE NONE 165,252 0 22,595 DEERE & CO COM 244199105 477 11,125 SH SOLE NONE 10,900 0 225 DEVON ENERGY CORP NEW COM 25179M103 2,020 30,000 SH SOLE NONE 30,000 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 28,141 457,656 SH SOLE NONE 404,656 0 53,000 DISNEY WALT CO COM DISNEY 254687106 579 21,100 SH SOLE NONE 20,150 0 950 DOVER CORP COM 260003108 1,572 40,550 SH SOLE NONE 33,250 0 7,300 EATON VANCE INS PA MUN BD FD COM 27828W102 679 72,116 SH SOLE NONE 72,116 0 0 ENCANA CORP COM 292505104 2,967 51,500 SH SOLE NONE 51,500 0 0 EXXON MOBIL CORP COM 30231G102 11,338 165,253 SH SOLE NONE 150,259 0 14,994 FPL GROUP INC COM 302571104 265 4,800 SH SOLE NONE 4,800 0 0 FULTON FINL CORP PA COM 360271100 830 112,182 SH SOLE NONE 84,457 0 27,725 GENERAL DYNAMICS CORP COM 369550108 930 14,400 SH SOLE NONE 14,400 0 0 GENERAL ELECTRIC CO COM 369604103 453 27,561 SH SOLE NONE 25,391 0 2,170 HARTE-HANKS INC COM 416196103 138 10,000 SH SOLE NONE 10,000 0 0 HASBRO INC COM 418056107 29,136 1,049,931 SH SOLE NONE 968,851 0 81,080 HEARTLAND EXPRESS INC COM 422347104 925 64,258 SH SOLE NONE 57,992 0 6,266 HORMEL FOODS CORP COM 440452100 11,782 331,697 SH SOLE NONE 294,839 0 36,858 INTERNATIONAL BUSINESS MACHS COM 459200101 778 6,501 SH SOLE NONE 3,501 0 3,000 JOHNSON & JOHNSON COM 478160104 2,920 47,953 SH SOLE NONE 47,653 0 300 JPMORGAN CHASE & CO COM 46625H100 1,315 30,000 SH SOLE NONE 0 30,000 KRAFT FOODS INC CL A 50075N104 1,740 66,225 SH SOLE NONE 61,438 0 4,787 LEUCADIA NATL CORP COM 527288104 2,653 107,336 SH SOLE NONE 105,636 0 1,700 LEXINGTON REALTY TRUST COM 529043101 191 37,466 SH SOLE NONE 33,086 0 4,380 MARKEL CORP COM 570535104 13,890 42,114 SH SOLE NONE 38,849 0 3,265 MARTIN MARIETTA MATLS INC COM 573284106 155,879 1,693,046 SH SOLE NONE 1,554,522 0 138,524 MASTERCARD INC CL A 57636Q104 16,489 81,570 SH SOLE NONE 72,605 0 8,965 MATTEL INC COM 577081102 729 39,500 SH SOLE NONE 38,000 0 1,500 MCCLATCHY CO CL A 579489105 26 10,104 SH SOLE NONE 6,900 0 3,204 MCCORMICK & CO INC COM NON VTG 579780206 5,252 154,750 SH SOLE NONE 125,650 0 29,100 MCDONALDS CORP COM 580135101 718 12,575 SH SOLE NONE 12,425 0 150 MERCK & CO INC COM 589331107 224 7,086 SH SOLE NONE 5,086 0 2,000 MESA RTY TR UNIT BEN INT 590660106 713 21,000 SH SOLE NONE 21,000 0 0 MICROSOFT CORP COM 594918104 2,909 113,097 SH SOLE NONE 112,667 0 430 MILLER HERMAN INC COM 600544100 13,585 803,356 SH SOLE NONE 710,556 0 92,800 MONSANTO CO NEW COM 61166W101 395 5,100 SH SOLE NONE 4,300 0 800 NORTHERN TR CORP COM 665859104 291 5,000 SH SOLE NONE 5,000 0 0 PEPSICO INC COM 713448108 8,366 142,625 SH SOLE NONE 134,400 0 8,225 PFIZER INC COM 717081103 955 57,700 SH SOLE NONE 55,700 0 2,000 PHILIP MORRIS INTL INC COM 718172109 299,542 6,145,718 SH SOLE NONE 5,631,913 0 513,805 PIONEER NAT RES CO COM 723787107 421 11,600 SH SOLE NONE 8,900 0 2,700 PNC FINL SVCS GROUP INC COM 693475105 223 4,581 SH SOLE NONE 2,781 0 1,800 POZEN INC COM 73941U102 74 10,000 SH SOLE NONE 0 10,000 PROCTER & GAMBLE CO COM 742718109 15,583 269,047 SH SOLE NONE 246,547 0 22,500 PROGRESSIVE CORP OHIO COM 743315103 2,733 164,854 SH SOLE NONE 139,354 0 25,500 ROYAL DUTCH SHELL PLC SPON ADR B 780259107 274 4,912 SH SOLE NONE 4,912 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 3,425 59,889 SH SOLE NONE 38,819 0 21,070 SCHLUMBERGER LTD COM 806857108 669 11,225 SH SOLE NONE 11,225 0 0 SCOTTS MIRACLE GRO CO CL A 810186106 244 5,675 SH SOLE NONE 2,500 0 3,175 SCRIPPS E W CO OHIO CL A NEW 811054402 1,112 148,332 SH SOLE NONE 133,720 0 14,612 SCRIPPS NETWORKS INTERACT IN CL A COM 811065101 94,044 2,545,175 SH SOLE NONE 2,345,375 0 199,800 STAPLES INC COM 855030102 3,972 171,080 SH SOLE NONE 156,080 0 15,000 SUSQUEHANNA BANCSHARES INC P COM 869099101 115 19,581 SH SOLE NONE 19,581 0 0 TIGERLOGIC CORPORATION COM 8867EQ101 45 20,000 SH SOLE NONE 10,000 0 10,000 TIME WARNER INC COM NEW 887317303 244 8,489 SH SOLE NONE 1,823 0 6,666 UNILEVER N V N Y SHS NEW 904784709 98,457 3,411,548 SH SOLE NONE 3,143,513 0 268,035 VORNADO RLTY TR SH BEN INT 929042109 1,130 17,549 SH SOLE NONE 0 17,549 VULCAN MATLS CO COM 929160109 3,159 58,425 SH SOLE NONE 44,825 0 13,600 WAL MART STORES INC COM 931142103 1,264 25,743 SH SOLE NONE 23,393 0 2,350 WASHINGTON POST CO CL B 939640108 87,734 187,433 SH SOLE NONE 173,005 0 14,428 WELLS FARGO & CO NEW COM 949746101 174,043 6,176,125 SH SOLE NONE 5,656,064 0 520,061 WELLS FARGO & CO NEW PERP PFD CNV A 949746804 0 80,000 SH SOLE NONE 80,000 0 0 WYETH COM 983024100 209 4,300 SH SOLE NONE 4,300 0 0

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