Advisory Research Microcap Value Fund, L.P. - Insider Stock Trading

TC	Stat	Stk	Ins	Fil	+d	+w	+m	+q	+h	+y	avg
P	%ret	2	1	34	1	-0	2	8	24	33	11
P	%wins				68	53	62	71	97	97	75
S	%ret	2	1	9	0	1	-12	-16	-23	-44	-16
S	%wins				44	56	89	78	78	78	70

Filing Date	T Date	Ticker	Issuer	Inc	Sector	Ind	Industry	Owner	oSt	Rel	T	TVal	Price	L	Qty	oc	Own	H	r2y	r1y	r6m	r3m	r6w	r3w	r7d	r3d	f1d	f1w	f1m	f3m	f6m	f1y
7/19/07 15:17	7/17/07	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-50	10.00	0	-5	-1	376	D	143	98	37	23	1	2	0	0	0	0	-32	-25	-54	-62
7/17/07 15:33	7/13/07	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	S.m	-112	10.03	0	-11	-3	381	D	141	98	37	22	-3	6	1	0	-1	-2	-33	-25	-53	-63
7/11/07 15:57	7/9/07	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-15	10.03	0	-2	0	392	D	136	96	35	24	-5	9	2	1	1	0	-30	-28	-49	-62
7/3/07 11:50	7/2/07	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-21	10.09	0	-2	-1	393	D	141	95	38	23	-8	13	11	1	1	0	-29	-27	-46	-57
7/2/07 18:46	6/28/07	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-7	9.85	0	-1	0	395	D	132	96	38	24	1	12	9	3	1	0	-16	-30	-43	-57
6/29/07 15:36	6/27/07	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-23	9.85	0	-2	-1	396	D	132	87	37	23	1	10	7	3	1	3	-8	-27	-41	-55
6/28/07 14:33	6/26/07	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-732	9.60	0	-76	-16	398	D	132	91	39	25	4	9	9	7	-1	1	-7	-28	-41	-55
9/14/06 19:46	9/13/06	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-15,739	25.00	0	-630	-100	0	D	89	84	31	24	14	5	1	0	-2	3	44	38	77	3
2/16/06 19:02	2/8/06	SVIN	Scheid Vineyards Inc	DE	Ag	Ag	Crops	Advisory Research Microcap Value Fund, L.P.	IL	T	S.m	-63	6.25	0	-10	-2	642
10/5/05 12:00	9/29/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	34	13.07	0	3	0	630	D	33	16	-16	-2	-3	1	2	1	1	1	8	27	53	124
9/29/05 13:30	9/26/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	125	12.90	0	10	2	627	D	32	14	-12	-1	-7	-1	2	3	-1	1	9	23	37	107
9/26/05 10:50	9/20/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	310	12.91	0	24	4	617	D	30	8	-15	-2	-11	-7	-1	0	1	2	1	25	42	84
9/19/05 17:33	9/15/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	19	12.97	0	2	0	593	D	23	7	-19	0	-13	4	-4	0	0	-1	-2	25	40	72
9/12/05 13:13	8/25/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	10	12.55	0	1	0	592	D	29	10	-18	2	-5	-5	2	-3	-3	-2	1	17	35	80
8/5/05 12:27	8/2/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	11	4.31	0	3	1	475	D	98	31	38	33	0	5	5	-1	-2	-3	-7	-8	6	24
8/2/05 11:29	7/27/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	20	4.27	0	5	1	472	D	106	38	36	38	-10	4	2	5	-3	-5	-7	-9	5	22
8/2/05 11:09	7/26/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	133	13.21	0	10	2	591	D	83	-10	-6	8	7	0	2	6	7	7	-7	5	26	50
7/28/05 19:05	7/25/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	27	4.21	0	6	1	468	D	93	34	30	27	-12	-1	0	-1	-1	1	-5	-7	5	29
7/25/05 09:52	7/19/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P	10	4.17	0	2	1	462	D	96	36	32	29	-13	3	1	-1	0	1	-5	-6	2	23
7/18/05 10:14	7/6/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	52	4.15	0	13	1	913	D	85	32	31	24	-9	-3	-2	-1	1	2	0	-2	10	22
7/8/05 17:49	7/6/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	1	13.12	0	0	0	581	D	100	-17	1	-13	6	4	1	2	6	-1	8	-5	20	43
7/6/05 14:38	6/24/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P.a	43	4.25	0	10	2	427	D	92	36	28	19	8	-17	-5	-1	3	2	6	4	12	25
7/6/05 14:23	7/1/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P	82	4.10	0	20	5	447	D	92	36	28	19	8	-17	-5	-1	3	2	6	4	12	25
7/6/05 14:03	7/1/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	16	13.21	0	1	0	581	D	97	-19	-5	-16	1	3	0	0	2	5	16	-2	19	49
6/30/05 18:24	6/27/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	125	13.18	0	10	2	580	D	93	-23	-2	-12	2	2	2	2	0	1	5	-1	22	51
6/29/05 12:04	6/24/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P	43	4.25	0	10	49	30	D	107	45	42	38	20	-13	-10	0	-3	-2	1	0	7	18
6/27/05 13:42	6/21/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	246	13.16	0	19	3	570	D	90	-25	0	-13	-2	0	2	-2	2	1	0	-2	23	51
6/20/05 12:22	6/16/05	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	17	12.91	0	1	0	551	D	81	-24	10	-19	1	2	0	1	0	0	4	0	24	48
6/13/05 15:04	6/3/05	AWX	Avalon Holdings Corp	OH	Utility	Waste	Refuse Systems	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	97	4.79	0	20	5	417	D	137	80	54	60	56	33	-4	0	-6	-2	-14	-15	-12	-4
2/14/05 14:26	12/14/04	SVIN	Scheid Vineyards Inc	DE	Ag	Ag	Crops	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	34	6.04	0	6	2	331	D
2/14/05 14:08	11/1/04	SVIN	Scheid Vineyards Inc	DE	Ag	Ag	Crops	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	205	6.04	0	34	12	325	D
12/17/04 17:29	12/17/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	92	11.94	0	8	1	550	D	8	-17	-30	-2	-5	-9	-4	-4	2	6	13	31	6	32
10/28/04 11:52	10/27/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	5	12.26	1	0	0	542	D	47	3	-13	-17	5	12	14	19	3	-4	2	15	5	11
10/19/04 16:49	10/19/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	1	11.17	0	0	0	542	D	30	-14	-16	-23	12	-3	-1	0	-4	-8	20	23	39	12
10/13/04 17:06	10/13/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	1	11.17	1	0	0	542	D	45	-8	-15	-22	0	-3	1	-1	0	-1	15	19	34	16
10/6/04 16:34	10/6/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	4	11.17	1	0	0	542	D	21	15	-11	-31	-16	-11	-4	2	3	2	11	22	39	17
10/6/04 16:10	10/5/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	4	11.17	1	0	0	541	D	21	15	-11	-31	-16	-11	-4	2	3	2	11	22	39	17
9/30/04 16:40	9/30/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	110	11.29	1	10	2	541	D	23	16	-10	-33	-1	0	-4	-2	2	1	19	21	34	18
9/27/04 17:37	9/27/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	35	11.54	1	3	1	531	D	19	20	-8	-32	1	13	-7	-2	2	-1	-10	13	30	11
9/23/04 10:17	9/22/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	14	11.78	1	1	0	528	D	0	14	-7	-32	-10	6	-6	-3	-1	-1	-5	8	31	9
9/21/04 17:02	9/21/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	49	11.92	1	4	1	527	D	9	14	-4	-28	-17	7	5	-4	-3	-5	-7	2	32	7
9/21/04 10:20	9/20/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	72	11.97	1	6	1	523	D	9	14	-4	-28	-17	7	5	-4	0	-5	-7	2	32	6
9/17/04 17:05	9/17/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	23	12.18	2	2	0	517	D	10	16	-3	-29	-20	9	21	-2	0	-4	-6	4	33	7
9/16/04 16:58	9/16/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P	244	12.50	2	20	4	515	D	14	20	3	-24	-21	13	21	5	-1	-4	-7	4	32	6
9/10/04 12:57	9/8/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	P.m	130	11.15	3	12	2	495	D	-7	11	-14	-30	-26	0	2	10	4	6	0	8	42	15
9/10/04 12:41	9/1/04	TESS	Tessco Technologies Inc	DE	Electr	WhElc	Electronic Parts & Equipment	Advisory Research Microcap Value Fund, L.P.	IL	T	S	-12	11.34	3	-1	0	484	D	-7	11	-14	-30	-26	0	2	10	4	6	0	8	42	15

D	Derivative transaction in filing (usually option exercise)
M	Multiple transactions in filing; earliest reported transaction date and weighted average transaction price
A	Amended filing
E	Error detected in filing

S - Sale	Sale of securities on an exchange or to another person
S - Sale+OE	Sale of securities on an exchange or to another person (after option exercise)
F - Tax	Payment of exercise price or tax liability using portion of securities received from the company
P - Purchase	Purchase of securities on an exchange or from another person

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