13F-HR 1 HR13F1Q13.txt HR13F1Q13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2013 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 Form 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 submission. Persons 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 5/14/2013 --------------------------------- --------------------------------- ---------- [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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 138 Form 13F Information Table Value Total: $ 5,828,467 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. 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/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ------- Acacia Research Corporation COMMON 003881307 210 6976 SH SOLE 0 6976 0 0 Accenture plc COMMON G1151C101 23190 305250 SH SOLE 0 295017 0 10233 AFLAC Inc. COMMON 001055102 73043 1404130 SH SOLE 0 1357270 0 46860 American Electric Technologies, Inc. COMMON 025576109 2507 480273 SH SOLE 0 253560 0 226713 Anixter Intl Inc. COMMON 035290105 88319 1263144 SH SOLE 0 1174757 0 88387 Apollo Group, Inc. COMMON 037604105 18959 1090832 SH SOLE 0 1051272 0 39560 ARC Document Solutions Inc. COMMON 00191G103 4087 1371533 SH SOLE 0 736630 0 634903 Astro-Med, Inc. COMMON 04638F108 4460 465593 SH SOLE 0 233730 0 231863 AV Homes, Inc. COMMON 00234P102 6115 458721 SH SOLE 0 250046 0 208675 Baidu, Inc. ADR ADR 056752108 332 3780 SH SOLE 0 3780 0 0 Ballantyne Strong, Inc. COMMON 058516105 6245 1476453 SH SOLE 0 766732 0 709721 Bank of New York Mellon Corp. COMMON 064058100 3155 112725 SH SOLE 0 112725 0 0 Baxter Intl Inc. COMMON 071813109 2780 38276 SH SOLE 0 38276 0 0 Bio-Rad Laboratories, Inc. COMMON 090572207 128786 1022110 SH SOLE 0 953407 0 68703 Blackstone Group L.P. COMMON 09253U108 67019 3388196 SH SOLE 0 3313866 0 74330 Blount Intl, Inc. COMMON 095180105 20742 1550230 SH SOLE 0 1362725 0 187505 Bob Evans Farms, Inc. COMMON 096761101 9739 228517 SH SOLE 0 202317 0 26200 Bolt Technology Corp. COMMON 097698104 3736 213963 SH SOLE 0 103105 0 110858 Brady Corp. COMMON 104674106 74051 2208502 SH SOLE 0 2038967 0 169535 Brink's Co. COMMON 109696104 29335 1038051 SH SOLE 0 916371 0 121680 Bristow Group Inc. COMMON 110394103 104702 1587842 SH SOLE 0 1468828 0 119014 Callaway Golf Co. COMMON 131193104 3476 525050 SH SOLE 0 305150 0 219900 Carnival Corp. COMMON 143658300 21726 633417 SH SOLE 0 612644 0 20773 CBRE Group, Inc. COMMON 12504L109 94598 3746463 SH SOLE 0 3565754 0 180709 CBS Corp. COMMON 124857202 62604 1340854 SH SOLE 0 1292662 0 48192 Charles River Laboratories Intl Inc. COMMON 159864107 122338 2763450 SH SOLE 0 2543561 0 219889 Chesapeake Energy Corp. COMMON 165167107 4363 213780 SH SOLE 0 213780 0 0 China Mobile Ltd. ADR ADR 16941M109 376 7069 SH SOLE 0 7069 0 0 City National Corp. COMMON 178566105 115025 1952563 SH SOLE 0 1847856 0 104707 Coach, Inc. COMMON 189754104 39464 789437 SH SOLE 0 763712 0 25725 Contango Oil & Gas Co. COMMON 21075N204 115322 2876574 SH SOLE 0 2656186 0 220388 Cowen Group, Inc. COMMON 223622101 9449 3350770 SH SOLE 0 1943870 0 1406900 Crown Crafts, Inc. COMMON 228309100 3783 630480 SH SOLE 0 307880 0 322600 CSP Inc. COMMON 126389105 2215 378567 SH SOLE 0 182621 0 195946 Cumberland Pharmaceuticals, Inc. COMMON 230770109 2674 537021 SH SOLE 0 270121 0 266900 DeVry Inc. COMMON 251893103 105546 3324295 SH SOLE 0 3119835 0 204460 Dover Motorsports, Inc. COMMON 260174107 1601 800474 SH SOLE 0 466944 0 333530 Dun & Bradstreet Corp. COMMON 26483E100 86486 1033898 SH SOLE 0 968906 0 64992 Edgewater Technology Inc. COMMON 280358102 4850 1218609 SH SOLE 0 583243 0 635366 Erickson Air-Crane, Inc. COMMON 29482P100 7446 457942 SH SOLE 0 245662 0 212280 Exxon Mobil Corp. COMMON 30231G102 6103 67730 SH SOLE 0 67730 0 0 Fair Isaac Corp. COMMON 303250104 89988 1969524 SH SOLE 0 1839182 0 130342 First American Financial Corp. COMMON 31847R102 189601 7414965 SH SOLE 0 6928233 0 486732 Franklin Resources, Inc. COMMON 354613101 62568 414880 SH SOLE 0 399779 0 15101 Furmanite Corp. COMMON 361086101 6298 941418 SH SOLE 0 534918 0 406500 Gaiam, Inc. COMMON 36268Q103 7659 1823682 SH SOLE 0 901942 0 921740 Gannett Co., Inc. COMMON 364730101 181060 8278930 SH SOLE 0 7724116 0 554814 Gilead Sciences, Inc. COMMON 375558103 590 12056 SH SOLE 0 12056 0 0 GlaxoSmithKline PLC ADR ADR 37733W105 329 7024 SH SOLE 0 7024 0 0 Goldman, Sachs & Co. COMMON 38141G104 5094 34615 SH SOLE 0 34615 0 0 Hardinge Inc. COMMON 412324303 4412 323734 SH SOLE 0 154384 0 169350 Harman Intl Industries Inc. COMMON 413086109 276 6191 SH SOLE 0 6191 0 0 HCC Insurance Holdings, Inc. COMMON 404132102 13594 323439 SH SOLE 0 282447 0 40992 Horace Mann Educators Corp. COMMON 440327104 9109 436869 SH SOLE 0 397994 0 38875 Hospira, Inc. COMMON 441060100 139810 4258620 SH SOLE 0 4127190 0 131430 IDEX Corp. COMMON 45167R104 77468 1450164 SH SOLE 0 1321866 0 128298 Illinois Tool Works Inc. COMMON 452308109 51933 852192 SH SOLE 0 826267 0 25925 Imation Corp. COMMON 45245A107 8401 2199197 SH SOLE 0 1273940 0 925257 Interface, Inc. COMMON 458665304 71525 3721390 SH SOLE 0 3423273 0 298117 International Business Machines COMMON 459200101 4926 23092 SH SOLE 0 23092 0 0 Corp.

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/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ------- International Game Technology COMMON 459902102 134712 8164363 SH SOLE 0 7769336 0 395027 International Speedway Corp. COMMON 460335201 174736 5346876 SH SOLE 0 5007894 0 338982 Interpublic Group of Cos., Inc. COMMON 460690100 232004 17805401 SH SOLE 0 16751998 0 1053403 J.M. Smucker Co. COMMON 832696405 60720 612346 SH SOLE 0 581123 0 31223 JAKKS Pacific, Inc. COMMON 47012E106 4146 395186 SH SOLE 0 226382 0 168804 Janus Capital Group Inc. COMMON 47102X105 177720 18906331 SH SOLE 0 17715059 0 1191272 Johnson & Johnson COMMON 478160104 8130 99722 SH SOLE 0 99722 0 0 Jones Lang LaSalle Inc. COMMON 48020Q107 190070 1911985 SH SOLE 0 1788120 0 123865 JPMorgan Chase & Co. COMMON 46625H100 5377 113296 SH SOLE 0 113296 0 0 KKR & Co. L.P. COMMON 48248M102 147661 7642916 SH SOLE 0 7564066 0 78850 Landec Corp. COMMON 514766104 7172 495654 SH SOLE 0 287154 0 208500 Lazard Ltd COMMON G54050102 208978 6122986 SH SOLE 0 5781909 0 341077 Life Technologies Corp. COMMON 53217V109 108051 1671846 SH SOLE 0 1605279 0 66567 Littelfuse, Inc. COMMON 537008104 71478 1053475 SH SOLE 0 986025 0 67450 Lockheed Martin Corp. COMMON 539830109 6068 62870 SH SOLE 0 62870 0 0 Madison Square Garden Co. COMMON 55826P100 123695 2147475 SH SOLE 0 2009770 0 137705 Markel Corp. COMMON 570535104 8679 17238 SH SOLE 0 14764 0 2474 Market Leader, Inc. COMMON 57056R103 11328 1264301 SH SOLE 0 734080 0 530221 Matthews Intl Corp. COMMON 577128101 11461 328258 SH SOLE 0 287433 0 40825 MB Financial, Inc. COMMON 55264U108 483 20000 SH SOLE 0 20000 0 0 McCormick & Co., Inc. COMMON 579780206 19498 265100 SH SOLE 0 249470 0 15630 Meredith Corp. COMMON 589433101 84949 2220321 SH SOLE 0 2060528 0 159793 Microsoft Corp. COMMON 594918104 8888 310719 SH SOLE 0 310719 0 0 Middleby Corp. COMMON 596278101 10112 66459 SH SOLE 0 60959 0 5500 Mitcham Industries, Inc. COMMON 606501104 41995 2481998 SH SOLE 0 1920243 0 561755 Mohawk Industries, Inc. COMMON 608190104 67484 596566 SH SOLE 0 562274 0 34292 Morgan Stanley COMMON 617446448 5107 232345 SH SOLE 0 232345 0 0 Multi-Fineline Electronix, Inc. COMMON 62541B101 2766 179248 SH SOLE 0 95948 0 83300 National Oilwell Varco COMMON 637071101 5441 76900 SH SOLE 0 76900 0 0 Newell Rubbermaid Inc. COMMON 651229106 104615 4008253 SH SOLE 0 3803570 0 204683 Nokia Corp. ADR ADR 654902204 288 87807 SH SOLE 0 87807 0 0 Nordstrom, Inc. COMMON 655664100 44354 803083 SH SOLE 0 761371 0 41712 Northern Trust Corp. COMMON 665859104 80932 1483387 SH SOLE 0 1459152 0 24235 NVIDIA Corp. COMMON 67066G104 230 17890 SH SOLE 0 17890 0 0 Omnicom Group Inc. COMMON 681919106 43025 730480 SH SOLE 0 708089 0 22391 ORBCOMM Inc. COMMON 68555P100 4886 937900 SH SOLE 0 539456 0 398444 Orion Energy Systems, Inc. COMMON 686275108 5933 2392197 SH SOLE 0 1175094 0 1217103 PCTEL, Inc. COMMON 69325Q105 8858 1247648 SH SOLE 0 655840 0 591808 Pendrell Corp. COMMON 70686R104 5761 3470516 SH SOLE 0 1887618 0 1582898 Perceptron, Inc. COMMON 71361F100 4925 682163 SH SOLE 0 334937 0 347226 Pozen Inc. COMMON 73941U102 4129 783580 SH SOLE 0 452280 0 331300 PrivateBancorp, Inc. COMMON 742962103 11571 612528 SH SOLE 0 541928 0 70600 QLogic Corp. COMMON 747277101 324 27938 SH SOLE 0 27938 0 0 Quest Diagnostics Inc. COMMON 74834L100 420 7445 SH SOLE 0 7445 0 0 Red Lion Hotels Corp. COMMON 756764106 1841 258866 SH SOLE 0 142398 0 116468 Rentech, Inc. COMMON 760112102 5609 2386993 SH SOLE 0 1384434 0 1002559 Rosetta Stone Inc. COMMON 777780107 9831 639228 SH SOLE 0 340388 0 298840 Royal Caribbean Cruises Ltd. COMMON V7780T103 52473 1579566 SH SOLE 0 1479535 0 100031 Royal Dutch Shell plc ADR ADR 780259206 201 3092 SH SOLE 0 3092 0 0 Rubicon Technology, Inc. COMMON 78112T107 3601 545571 SH SOLE 0 278871 0 266700 Ryanair Holdings plc ADR ADR 783513104 698 16696 SH SOLE 0 16696 0 0 Sigma Designs, Inc. COMMON 826565103 3466 711775 SH SOLE 0 412575 0 299200 Simpson Manufacturing Co., Inc. COMMON 829073105 78559 2566438 SH SOLE 0 2382130 0 184308 Snap-On Inc. COMMON 833034101 109041 1318516 SH SOLE 0 1261769 0 56747 Sotheby's COMMON 835898107 88886 2376009 SH SOLE 0 2236212 0 139797 Spartan Motors Inc. COMMON 846819100 4160 783379 SH SOLE 0 419979 0 363400 St. Jude Medical, Inc. COMMON 790849103 67767 1675741 SH SOLE 0 1620671 0 55070 Stanley Black & Decker, Inc. COMMON 854502101 55013 679420 SH SOLE 0 640771 0 38649 Symmetry Medical Inc. COMMON 871546206 49243 4300731 SH SOLE 0 3938629 0 362102 T. Rowe Price Group, Inc. COMMON 74144T108 25727 343622 SH SOLE 0 331213 0 12409

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/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------ -------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ------- Target Corp. COMMON 87612E106 7019 102535 SH SOLE 0 102535 0 0 Team, Inc. COMMON 878155100 39977 973397 SH SOLE 0 821257 0 152140 Tessera Technologies, Inc. COMMON 88164L100 240 12800 SH SOLE 0 12800 0 0 Thermo Fisher Scientific Inc. COMMON 883556102 81951 1071393 SH SOLE 0 1052437 0 18956 Tiffany & Co. COMMON 886547108 22834 328363 SH SOLE 0 313413 0 14950 Towers Watson COMMON 891894107 67178 969105 SH SOLE 0 934745 0 34360 Toyota Motor Corp. ADR ADR 892331307 392 3821 SH SOLE 0 3821 0 0 Vanguard MSCI EAFE ETF COMMON 921943858 210 5753 SH SOLE 0 5753 0 0 Versar Inc. COMMON 925297103 4623 1065249 SH SOLE 0 505576 0 559673 Viacom, Inc. COMMON 92553P201 69744 1134417 SH SOLE 0 1093932 0 40485 Vical Inc. COMMON 925602104 10575 2656967 SH SOLE 0 1515567 0 1141400 Walgreen Co. COMMON 931422109 7841 164450 SH SOLE 0 164450 0 0 Walt Disney Co. COMMON 254687106 3278 57705 SH SOLE 0 57705 0 0 Washington Post Co. COMMON 939640108 53591 119891 SH SOLE 0 113054 0 6837 Western Union Co. COMMON 959802109 126554 8414518 SH SOLE 0 8088748 0 325770 WMS Industries Inc. COMMON 929297109 10222 405480 SH SOLE 0 358480 0 47000 XO Group Inc. COMMON 983772104 9885 988535 SH SOLE 0 498335 0 490200 Zimmer Holdings, Inc. COMMON 98956P102 91472 1216061 SH SOLE 0 1155047 0 61014