<SEC-DOCUMENT>0000080255-12-000053.txt : 20120209
<SEC-HEADER>0000080255-12-000053.hdr.sgml : 20120209
<ACCEPTANCE-DATETIME>20120209090355
ACCESSION NUMBER:		0000080255-12-000053
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20120209
DATE AS OF CHANGE:		20120209

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN VANGUARD CORP
		CENTRAL INDEX KEY:			0000005981
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				952588080
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-19474
		FILM NUMBER:		12584511

	BUSINESS ADDRESS:	
		STREET 1:		4695 MACARTHUR COURT
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660
		BUSINESS PHONE:		9492601200

	MAIL ADDRESS:	
		STREET 1:		4695 MACARTHUR COURT
		CITY:			NEWPORT BEACH
		STATE:			CA
		ZIP:			92660

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AEROCON INC
		DATE OF NAME CHANGE:	19720620

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRICE T ROWE ASSOCIATES INC /MD/
		CENTRAL INDEX KEY:			0000080255
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		IRS NUMBER:				520556948
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		100 EAST PRATT ST
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
		BUSINESS PHONE:		(410)345-6603

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 89000
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21289
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>avd13gadec11.htm
<DESCRIPTION>AVD AS OF 12/31/11
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-align: center">SCHEDULE 13G</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">Under the Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">(Amendment No. 11)*</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">AMERICAN VANGUARD CORP</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center; text-indent: 0.5in">(Name of Issuer)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-align: center">COMMON STOCK</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center; text-indent: 0.5in">(Title of Class of Securities)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-align: center">030371108</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-align: center">December 31, 2011</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center">(Date of Event which Requires Filing of Statement)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0">Check the appropriate box to designate the Rule pursuant
to which this Schedule is filed:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0">[x] Rule 13d - 1(b)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-indent: 0.5in">Rule 13d - 1(c)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-indent: 0.5in">Rule 13d - 1(d)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0">The information required on the remainder of this page shall
not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&quot;Act&quot;) or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes.)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 9pt 0 0; text-align: center">(Continued on following page(s)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&#9;Page 1 of 6 Pages</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">CUSIP NO. 030371108 &#9;13G Page
2 of 6 Pages</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">1&#9;Name of Reporting Person</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">S.S. or I.R.S.
Identification No. of Above Person</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">T. ROWE PRICE
ASSOCIATES, INC.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">52-0556948</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">2&#9;Check the Appropriate Box
if a Member of a Group*</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 5.5in"><FONT STYLE="line-height: 89%">(a) ____</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">NOT APPLICABLE&#9;(b)
____</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 89%">3&#9;SEC
Use Only</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">______________________________</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 89%">4&#9;Citizenship
or Place of Organization</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">MARYLAND</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">Number of&#9;5&#9;Sole Voting Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 89%">**</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">Shares&#9; 702,630</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">Beneficially&#9;6&#9;Shared Voting
Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 89%">**</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">Owned By Each&#9; -0- </FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">Reporting&#9;7&#9;Sole Dispositive
Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 89%">**</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">Person&#9; 2,740,062</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">With&#9;8&#9;Shared Dispositive
Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 89%">-0-</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 89%">9&#9;Aggregate
Amount Beneficially Owned by Each Reporting Person</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 89%">2,740,062</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 89%">10&#9;Check
Box if the Aggregate Amount in Row (9) Excludes Certain Shares*</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">NOT APPLICABLE</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">11&#9;Percent of Class Represented
by Amount in Row 9</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">9.8%</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">12&#9;Type of Reporting Person*</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 89%">IA</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&#9;*SEE INSTRUCTION BEFORE FILLING
OUT!</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&#9;**Any shares reported in Items
5 and 6 are also</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 89%">&#9;reported in Item 7.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">CUSIP NO. 030371108&#9;13G Page
3 of 6 Pages</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">1&#9;Name of Reporting Person</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">S.S. or I.R.S.
Identification No. of Above Person</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">T. ROWE PRICE
SMALL-CAP VALUE FUND, INC. &#9;52-1575325</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">2&#9;Check the Appropriate Box
if a Member of a Group*</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 5.5in"><FONT STYLE="line-height: 90%">(a) ____</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">NOT APPLICABLE&#9;(b)
____</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 90%">3&#9;SEC
Use Only</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">______________________________</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 90%">4&#9;Citizenship
or Place of Organization</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">MARYLAND</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">Number of&#9;5&#9;Sole Voting Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 90%">**</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">Shares&#9; 2,000,000</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">Beneficially&#9;6&#9;Shared Voting
Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 90%">**</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">Owned By Each&#9;-0-</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">Reporting&#9;7&#9;Sole Dispositive
Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.5in"><FONT STYLE="line-height: 90%">**</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">Person&#9;-0-</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">With&#9;8&#9;Shared Dispositive
Power</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1.8in"><FONT STYLE="line-height: 90%">-0-</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 90%">9&#9;Aggregate
Amount Beneficially Owned by Each Reporting Person</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">2,000,000</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.3in; text-indent: -0.3in"><FONT STYLE="line-height: 90%">10&#9;Check
Box if the Aggregate Amount in Row (9) Excludes Certain Shares*</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">NOT APPLICABLE</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">11&#9;Percent of Class Represented
by Amount in Row 9</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">7.2%</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">12&#9;Type of Reporting Person*</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.3in"><FONT STYLE="line-height: 90%">IV</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&#9;*SEE INSTRUCTION BEFORE FILLING
OUT!</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">**The aggregate amount reported
on this page is also included in the aggregate amount reported by T. Rowe Price Associates, Inc. on page 2 of this Schedule 13G.</FONT></P>

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<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">SCHEDULE 13G</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">PAGE 4 OF 6</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 1(a)&#9;Name of Issuer:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1in">Reference is made to page 1 of this Schedule
13G</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 1(b)&#9;Address of Issuer's Principal Executive Offices:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.5in">4695 MACARTHUR CTR, STE 1250, NEWPORT BEACH, CA 92660</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 2(a)&#9;Name of Person(s) Filing:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1.5in; text-indent: -0.5in">(1)&#9;T. Rowe Price Associates,
Inc. (&quot;Price Associates&quot;)</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1in">(2)&#9;T. Rowe Price Small-Cap Value Fund, Inc.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1in; text-indent: -1in">X&#9;Attached as Exhibit A is a copy
of an agreement between the Persons Filing (as specified hereinabove) that this Schedule 13G is being filed on behalf of each of
them.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 2(b)&#9;Address of Principal Business Office:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1in">100 E. Pratt Street, Baltimore, Maryland 21202</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 2(c)&#9;Citizenship or Place of Organization:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1in">(1)&#9;Maryland</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1in">(2)&#9;Maryland</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 2(d)&#9;Title of Class of Securities:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 1in">Reference is made to page 1 of this Schedule
13G</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 2(e)&#9;CUSIP Number: 030371108</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 3&#9;The person filing this Schedule 13G is an:</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1in; text-indent: -1in">X&#9;Investment Adviser registered
under Section 203 of the Investment Advisers Act of 1940</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1in; text-indent: -1in">X&#9;Investment Company registered
under Section 8 of the Investment Company Act of 1940</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 4&#9;Reference is made to Items 5-11 on page 2 of this Schedule
13G.</P>

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<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">SCHEDULE 13G</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">PAGE 5 OF 6</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">Item 5&#9;Ownership of Five Percent
or Less of a Class.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.7in"><FONT STYLE="line-height: 90%">x Not Applicable.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.7in; text-indent: -0.7in"><FONT STYLE="line-height: 87%">&#9;This
statement is being filed to report the fact that, as of the date of this report, the reporting person(s) has (have) ceased to be
the beneficial owner of more than five percent of the class of securities.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 87%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.7in; text-indent: -0.7in"><FONT STYLE="line-height: 87%">Item
6&#9;Ownership of More than Five Percent on Behalf of Another Person</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 87%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1.1in; text-indent: -0.4in"><FONT STYLE="line-height: 87%">(1)&#9;Price
Associates does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the
client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such
securities.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 87%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1.1in"><FONT STYLE="line-height: 87%">The ultimate power to
direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual
and institutional clients which Price Associates serves as investment adviser. Any and all discretionary authority which has been
delegated to Price Associates may be revoked in whole or in part at any time.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 87%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1.1in"><FONT STYLE="line-height: 87%">Except as may be indicated
if this is a joint filing with one of the registered investment companies sponsored by Price Associates which it also serves as
investment adviser (&quot;T. Rowe Price Funds&quot;), not more than 5% of the class of such securities is owned by any one client
subject to the investment advice of Price Associates.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 87%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 1.1in; text-indent: -0.4in"><FONT STYLE="line-height: 87%">(2)&#9;With
respect to securities owned by any one of the T. Rowe Price Funds, only State Street Bank and Trust Company, as custodian for each
of such Funds, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other
person is known to have such right, except that the shareholders of each such Fund participate proportionately in any dividends
and distributions so paid.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 87%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.7in; text-indent: -0.7in"><FONT STYLE="line-height: 87%">Item
7&#9;Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.7in"><FONT STYLE="line-height: 90%">Not Applicable.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.7in; text-indent: -0.7in"><FONT STYLE="line-height: 90%">Item
8&#9;Identification and Classification of Members of the Group.</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0"><FONT STYLE="line-height: 90%">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.7in"><FONT STYLE="line-height: 90%">Not Applicable.</FONT></P>

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<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">SCHEDULE 13G</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">PAGE 6 OF 6</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Item 9&#9;Notice of Dissolution of Group.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.9in">Not Applicable.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.9in; text-indent: -0.9in">Item 10&#9;Certification.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.9in">By signing below I (we) certify that, to the best of
my (our) knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired
for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having such purpose or effect. T. Rowe Price Associates,
Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is
the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&#9;Signature.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.9in">After reasonable inquiry and to the best of my (our)
knowledge and belief, I (we) certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Dated:&#9;February 14, 2012&#9;Dated:&#9;February 14, 2012</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">T. ROWE PRICE SMALL-CAP&#9;T. ROWE PRICE ASSOCIATES, INC.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.7in">VALUE FUND, INC.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">By:&#9;/s/ David Oestreicher&#9;By:&#9;/s/ David Oestreicher</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.4in">David Oestreicher,&#9;David Oestreicher,</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.4in">Vice President&#9;Vice President</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0 0 0 0.9in; text-indent: -0.9in">Note:&#9;This Schedule 13G, including
all exhibits, must be filed with the Securities and Exchange Commission, and a copy hereof must be sent to the issuer by registered
or certified mail not later than February 14th following the calendar year covered by the statement or within the time specified
in Rule 13d-1(b)(2), if applicable.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">12/31/2011</P>

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<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 5in">EXHIBIT A</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&#9;AGREEMENT</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&#9;JOINT FILING OF SCHEDULE 13G</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.5in">T. Rowe Price Associates, Inc. (an investment
adviser registered under the Investment Advisers Act of 1940) and T. Rowe Price Small-Cap Value Fund, Inc., a Maryland corporation,
hereby agree to file jointly the statement on Schedule 13G to which this Agreement is attached, and any amendments thereto which
may be deemed necessary, pursuant to Regulation 13D-G under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.5in">It is understood and agreed that each of the
parties hereto is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and
accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness or
accuracy of information concerning the other party unless such party knows or has reason to believe that such information is inaccurate.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.5in">It is understood and agreed that a copy of
this Agreement shall be attached as an exhibit to the statement on Schedule 13G, and any amendments hereto, filed on behalf of
each of the parties hereto.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">Dated:&#9;February 14, 2012&#9;Dated:&#9;February 14, 2012</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">T. ROWE PRICE SMALL-CAP&#9;T. ROWE PRICE ASSOCIATES, INC.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.7in">VALUE FUND, INC.</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">By:&#9;/s/ David Oestreicher&#9;By:&#9;/s/ David Oestreicher</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.4in">David Oestreicher,&#9;David Oestreicher,</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-indent: 0.4in">Vice President&#9;Vice President</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>


<P STYLE="margin: 0"></P>

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