UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 1)
Under the Securities Exchange Act of 1934
ACT Teleconferencing, Inc.
(Name of Issuer)
Common Stock, no par value)
(Title of Class of Securities)
955104
(CUSIP Number)
Martin M. Fawzy
Fuller & Thaler Asset Management, Inc.
411 Borel Avenue, Suite 402
San Mateo, CA 94402
(650) 227-1312
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 22, 2005
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of 240.13d-
1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [X].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits.
See 240.13d-7 for other parties to whom copies are to be sent.
*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 the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") 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).
CUSIP No. 955104 SCHEDULE 13D Page 2 of 4
1 Name of Reporting Person
Fuller & Thaler Behavioral Finance Fund, Ltd.
IRS Identification No. of Above Person
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Source of Funds
5 Check Box if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) [ ]
6 Citizenship or Place of Organization
California
NUMBER OF 7 Sole Voting Power 1,313,800
SHARES
BENEFICIALLY 8 Shared Voting Power -0-
OWNED BY EACH
REPORTING 9 Sole Dispositive Power 1,313,800
PERSON
WITH 10 Shared Dispositive Power -0-
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,313,800
12 Check Box if the Aggregate Amount in Row 11 Excludes Certain
Shares
[ ]
13 Percent of Class Represented by Amount in Row 11
7.9%
14 Type of Reporting Person
OO
CUSIP No. 955104 SCHEDULE 13D Page 3 of 4
Item 1. Security and Issuer
This Schedule 13D ("Schedule") relates to shares of common stock,
no par value (the "Common Stock"), of ACT Teleconferencing, Inc.
(the "Issuer"). The principal executive office of the Issuer is
1658 Cole Blvd., Suite 130, Golden, CO 80401.
Item 2. Identity and Background
This Schedule is filed on behalf of Fuller & Thaler Behavioral
Finance Fund, Ltd., whose principal business office address is
411 Borel Avenue, Suite 402, San Mateo, CA 94402.
Fuller & Thaler Behavioral Finance Fund, Ltd. ("BFF") is an
investment fund, whose investment manager is Fuller & Thaler
Asset Management, Inc. ("F&T"). Affiliated persons of F&T may
also be directors of BFF. F&T is an investment advisor
registered as such with the SEC and in various states. The
business address of F&T is 411 Borel Avenue, Suite 402, San
Mateo, CA 94402.
None of BFF or F&T has, during the past five years, been
convicted of any criminal proceeding (excluding traffic
violations or similar misdemeanors).
None of BFF or F&T have been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws.
BFF is a Cayman Islands exempted company and F&T is a California
corporation.
Item 3. Source and Amount of Funds or Other Consideration
Item 4. Purpose of Transaction.
The sale of Common Stock was made solely for investment
purposes. Depending upon market conditions and other factors,
BFF may acquire additional securities of the Issuer, or
alternatively, may dispose of some or all of the securities of
the Issuer that it beneficially owns.
CUSIP No. 955104 SCHEDULE 13D Page 4 of 4
Item 5. Interest in Securities of the Issuer
(a),(b) Reference is made hereby to Items 7-11 and 13 of page
two (2) of this Schedule, which Items are incorporated
by reference herein.
(c) Fuller & Thaler Behavioral Finance Fund, Ltd. sold
the following stock in the last sixty days, as part
of its regular investment activities recommended by
Fuller & Thaler Asset Management, Inc.
9/22/2005 200,000 $0.43
(d) F&T, the investment manager of BFF has the right to
receive or the power to direct the receipt of dividends
from, or the proceeds from, the sale of the common
stock mentioned in item 1.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
Signatures
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
DATED: September 28, 2005
Fuller & Thaler Behavioral Finance Fund, Ltd.
/s/ Martin M. Fawzy
________________________
By: Martin M. Fawzy
Its: Chief Compliance Officer