UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Psychemedics Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
744375205
(CUSIP Number)
December 31, 2005
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
* 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).
Page 1 of 6 Pages
CUSIP No. 744375205 13G Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cortina Asset Management, LLC 56-2450074
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
Not Applicable (b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Wisconsin
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5 SOLE VOTING POWER
383,464
------------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY ------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 383,464
WITH ------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
None
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
383,464
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable [_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
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12 TYPE OF REPORTING PERSON*
IA
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Item 1(a) Name of Issuer:
Psychemedics Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
125 Nagog Park
Acton, MA 01720
Item 2(a) Name of Person Filing:
Cortina Asset Management, LLC ("Cortina")
Item 2(b) Address of Principal Business Office:
Cortina is located at:
330 East Kilbourn Avenue
Suite 850
Milwaukee, WI 53202
Item 2(c) Citizenship:
Cortina is a Wisconsin limited liability company;
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
744375205
Item 3 Type of Person:
(e) Cortina is an Investment Adviser registered under
section 203 of the Investment Advisers Act of 1940;
Page 3 of 6 Pages
Item 4 Ownership (at December 31, 2005):
(a) Amount owned "beneficially" within the meaning of
rule 13d-3:
383,464
(b) Percent of class:
7.4% (based on 5,167,097 shares outstanding as of
November 14, 2005)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
383,464
(ii)shared power to vote or to direct the vote:
None
(iii)sole power to dispose or to direct the
disposition of: 383,464
(iv)shared power to dispose or to direct
disposition of: None
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Page 4 of 6 Pages
Item 10 Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business
and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any
transaction having that purpose or effect.
Page 5 of 6 Pages
Signature
---------
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.
Date: February 7, 2006
Cortina Asset Management, LLC
By: /s/ Lori K. Hoch
------------------------------
Lori K. Hoch
Chief Operating Officer and
Chief Compliance Officer
Page 6 of 6 Pages