13F-HR/A 1 sched13f-122q.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, 2012 ------------------ Check here if Amendment [X]; Amendment Number: 1 --------- This Amendment (Check only one.): [x] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: J. Carlo Cannell -------------------------------------- Address: P.O. Box 3459 -------------------------------------- Jackson, WY 83001 -------------------------------------- -------------------------------------- Form 13F File Number: 28- 6453 ----- 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: J. Carlo Cannell ------------------------------ Title: Managing Member ------------------------------ Phone: 415-835-8300 ------------------------------ Signature, Place, and Date of Signing: /s/ J. Carlo Cannell Jackson, WY 08/13/2012 ------------------------ --------------- -------------- [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 manager(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).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------- Form 13F Information Table Entry Total: 75 -------------- Form 13F Information Table Value Total: $ 113,225 -------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE

---------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------------------------------------------------------------------------------------------------------------- TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------------------------------------------------------------------------------------------------------------- BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,624 21 SH SOLE 21 - - COWEN GROUP INC NEW CL A 223622101 657 247,065 SH SOLE 247,065 - - MAXLINEAR INC CL A 57776j100 1,045 210,747 SH SOLE 210,747 - - TELECOMMUNICATION SYS INC CL A 87929j103 4,359 2,260,201 SH SOLE 2,260,201 - - VALUEVISION MEDIA INC CL A 92047k107 4,882 2,347,317 SH SOLE 2,347,317 - - ACCELRYS INC COM 00430u103 74 9,195 SH SOLE 9,195 - - ACORN ENERGY INC COM 004848107 527 63,294 SH SOLE 63,294 - - ACTUATE CORP COM 00508b102 100 14,452 SH SOLE 14,452 - - AFC ENTERPRISES INC COM 00104q107 2,962 128,010 SH SOLE 128,010 - - ALTRA HOLDINGS COM 02208r106 170 10,800 SH SOLE 10,800 - - ALLIANCEBERNSTEIN INCOME FUN COM 01881e101 111 13,398 SH SOLE 13,398 - - AV HOMES INC COM 00234p102 4,791 328,614 SH SOLE 328,614 - - BIGLARI HLDGS INC COM 08986r101 541 1,400 SH SOLE 1,400 - - BSB BANCORP INC MD COM 05573h108 318 24,973 SH SOLE 24,973 - - CAL DIVE INTL INC DEL COM 12802t101 95 32,698 SH SOLE 32,698 - - CENTRAL GARDEN & PET CO COM 153527106 2,938 283,027 SH SOLE 283,027 - - COMFORT SYS USA INC COM 199908104 143 14,285 SH SOLE 14,285 - - DEMAND MEDIA INC COM 24802n109 66 5,852 SH SOLE 5,852 - - DOUGLAS DYNAMICS INC COM 25960r105 4,730 331,932 SH SOLE 331,932 - - ECHO GLOBAL LOGISTICS INC COM 27875t101 5,533 290,312 SH SOLE 290,312 - - ESSA BANCORP INC COM 29667d104 349 32,339 SH SOLE 32,339 - - FEDFIRST FINL CORP NEW COM 31429c101 314 21,955 SH SOLE 21,955 - - GENERAL MOLY INC COM 370373102 99 31,687 SH SOLE 31,687 - - GLU MOBILE INC COM 379890106 4,291 780,271 SH SOLE 780,271 - - GRAFTECH INTL LTD COM 384313102 104 10,804 SH SOLE 10,804 - - HAWAIIAN TELCOM HOLDCO INC COM 420031106 3,250 166,556 SH SOLE 166,556 - - HERCULES OFFSHORE INC COM 427093109 145 40,920 SH SOLE 40,920 - - HOOPER HOLMES INC COM 439104100 2,218 3,704,426 SH SOLE 3,704,426 - - IKANOS COMMUNICATIONS COM 45173e105 495 572,716 SH SOLE 572,716 - - INTRALINKS HLDGS INC COM 46118h104 3,267 745,878 SH SOLE 745,878 - - JACKSONVILLE BANCORP INC MD COM 46924r106 294 17,392 SH SOLE 17,392 - - KRISPY KREME DOUGHNUTS INC COM 501014104 1,834 286,960 SH SOLE 286,960 - - LATTICE SEMICONDUCTOR CORP COM 518415104 177 47,270 SH SOLE 47,270 - - LEE ENTERPRISES INC COM 523768109 160 99,000 SH SOLE 99,000 - - LEMAITRE VASCULAR INC COM 525558201 2,497 416,234 SH SOLE 416,234 - - LHC GROUP INC COM 50187a107 1,125 66,330 SH SOLE 66,330 - - LIMONEIRA CO COM 532746104 1,213 74,812 SH SOLE 74,812 - - MEDLEY CAP CORP COM 58503f106 656 54,472 SH SOLE 54,472 - - MOCON INC COM 607494101 2,076 134,791 SH SOLE 134,791 - - NATUS MEDICAL COM 639050103 295 25,351 SH SOLE 25,351 - - NEW YORK & CO INC COM 649295102 2,018 579,872 SH SOLE 579,872 - - ONEIDA FINL CORP MD COM 682479100 579 56,500 SH SOLE 56,500 - - ONLINE RES CORP COM 68273g101 3,162 1,301,294 SH SOLE 1,301,294 - - PC-TEL INC COM 69325q105 2,317 358,079 SH SOLE 358,079 - - PEERLESS SYS CORP COM 705536100 172 43,970 SH SOLE 43,970 - - PEP BOYS MANNY MOE & JACK COM 713278109 2,480 250,507 SH SOLE 250,507 - - PERVASIVE SOFTWARE INC COM 715710109 1,507 201,293 SH SOLE 201,293 - - REIS INC COM 75936p105 2,903 302,251 SH SOLE 302,251 - - RESPONSYS INC COM 761248103 65 5,336 SH SOLE 5,336 - - RICHARDSON ELECTRS LTD COM 763165107 3,901 316,370 SH SOLE 316,370 - - SABRA HEALTH CARE REIT INC COM 78573l106 238 13,886 SH SOLE 13,886 - - SHORETEL INC COM 825211105 145 33,087 SH SOLE 33,087 - - SPARK NETWORKS INC COM 84651p100 2,648 513,153 SH SOLE 513,153 - - STONERIDGE INC COM 86183p102 3,585 526,378 SH SOLE 526,378 - - SUN HEALTHCARE GROUP INC NEW COM 86677e100 2,271 271,278 SH SOLE 271,278 - - TECUMSEH PRODUCTS COM 878895200 26 5,182 SH SOLE 5,182 - - THERAGENICS CORP COM 883375107 2,907 1,446,121 SH SOLE 1,446,121 - - THESTREET INC COM 88368q103 2,310 1,539,693 SH SOLE 1,539,693 - - U S PHYSICAL THERAPY INC COM 90337l108 91 3,589 SH SOLE 3,589 - - URANERZ ENERGY CORP COM 91688t104 548 377,769 SH SOLE 377,769 - - W P CAREY & CO LLC COM 92930y107 704 15,300 SH SOLE 15,300 - - QUANTUM CORP COM DSSG 747906204 1,933 952,338 SH SOLE 952,338 - - CONTANGO OIL & GAS COMPANY COM NEW 21075n204 252 4,259 SH SOLE 4,259 - - FINISAR CORP COM NEW 31787a507 125 8,385 SH SOLE 8,385 - - HANGER ORTHOPEDIC GROUP INC COM NEW 41043f208 158 6,150 SH SOLE 6,150 - - MILLER INDS INC TENN COM NEW 600551204 1,087 68,218 SH SOLE 68,218 - - MULTIBAND CORP COM NEW 62544x209 3,760 1,579,776 SH SOLE 1,579,776 - - OUTDOOR CHANNEL HLDGS INC COM NEW 690027206 1,842 252,025 SH SOLE 252,025 - - POINTS INTL LTD COM NEW 730843208 2,567 214,487 SH SOLE 214,487 - - SABA SOFTWARE INC COM NEW 784932600 85 9,159 SH SOLE 9,159 - - U S CONCRETE INC COM NEW 90333l201 1,476 295,123 SH SOLE 295,123 - - JDS UNIPHASE CORP COM PAR.001 46612j507 121 10,999 SH SOLE 10,999 - - PULSE ELECTRONICS CORP NOTE7% 74586waa4 1,673 2,000,000 SH SOLE 2,000,000 - - AVATAR HLDGS INC Note7.5% 053494ag5 1,898 1,900,000 SH SOLE 1,900,000 - - PROSHARES TR ULTSHTCHINA 74347x567 145 5,250 SH SOLE 5,250 - -