UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing Report:
Name: Kalmar Investments, Inc
Address: 3701 Kennett Pike
Greenville, DE. 19807
13F File Number:
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 form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Jeannine Laughman
Title: Research Associate
Phone: 302-658-7575
Signature, Place, and Date of Signing:
Jeannine Laughman Wilmington, DE DATE February 1, 2000<TABLE>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ATMI com 00207R101 2959 89497 SH SOLE 44150 45347
Aaron Rents com 002535201 17988 1013398 SH SOLE 554750 458648
Acxiom com 005125109 13231 551271 SH SOLE 302720 248551
AmeriCredit com 03060R101 25606 1384098 SH SOLE 723400 660698
Answerthink Consulting Group com 036916104 1992 58175 SH SOLE 29900 28275
Apex Inc. com 037548104 10688 331400 SH SOLE 158900 172500
Applied Power com 038225108 18216 495675 SH SOLE 271233 224442
Armor Holdings com 042260109 8806 670900 SH SOLE 344500 326400
Artesyn Technologies com 043127109 6901 328598 SH SOLE 167750 160848
Axent Technologies com 05459C108 3489 166150 SH SOLE 86100 80050
Basin Exploration com 070107107 2710 153749 SH SOLE 80200 73549
Benchmark Electronics com 08160H101 11925 519898 SH SOLE 268450 251448
Best Software com 086579109 6809 230800 SH SOLE 115450 115350
C & D Technology com 124661109 14144 332800 SH SOLE 170800 162000
C-Cube Microsystems com 125015107 14221 228450 SH SOLE 115400 113050
Cabletron Systems com 126920107 10894 419000 SH SOLE 215850 203150
Callon Petroleum com 13123X102 2624 177150 SH SOLE 81600 95550
Chirex Inc. com 170038103 4691 320732 SH SOLE 153435 167297
Choicepoint com 170388102 17276 417548 SH SOLE 221950 195598
Consolidated Products com 209798107 11256 1111750 SH SOLE 572861 538889
Credence Systems com 225302108 8611 99549 SH SOLE 47700 51849
Cuno Inc. com 126583103 13868 669839 SH SOLE 326340 343499
David's Bridal com 238576102 4300 384400 SH SOLE 207700 176700
Dentsply International com 249030107 9976 422267 SH SOLE 204170 218097
Devon Energy com 25179m103 6971 212050 SH SOLE 112350 99700
Doral Financial com 25811P100 9878 802246 SH SOLE 386050 416196
DuPont com 263534109 579 8790 SH SOLE 8790
Evergreen Resources com 299900308 11279 571098 SH SOLE 298800 272298
Excel Technology com 30067T103 10366 577900 SH SOLE 301950 275950
Exxon com 302290101 242 3000 SH SOLE 3000
FYI Inc com 302712104 11291 332100 SH SOLE 174850 157250
Federated Investors com 314211103 6189 308499 SH SOLE 93900 214599
First Consulting Group com 31986R103 8058 519850 SH SOLE 275650 244200
Flow Intl com 343468104 1636 143849 SH SOLE 36550 107299
General Electric com 369604103 2334 15080 SH SOLE 200 14880
Genesys Telecom com 371931106 8267 153100 SH SOLE 41500 111600
Hadco Corp com 404681108 3705 72649 SH SOLE 20350 52299
IBM com 459200101 1295 12000 SH SOLE 12000
Insight Enterprises com 45765U103 15999 393810 SH SOLE 186219 207591
Insituform Tech com 457667103 44157 1563073 SH SOLE 821575 741498
Inter-Tel Inc com 458372109 9152 366098 SH SOLE 193000 173098
Jack Henry & Associates com 426281101 7124 132700 SH SOLE 65600 67100
Keane Inc. com 486665102 7185 223650 SH SOLE 115900 107750
Landmark Inc. com 51506S100 5353 512899 SH SOLE 236300 276599
Lesco Inc. com 526872106 6056 356224 SH SOLE 170125 186099
Mastec Inc com 576323109 4797 107800 SH SOLE 56200 51600
Maximus Inc. com 577933104 12292 362200 SH SOLE 183650 178550
Merck com 589331107 3937 58600 SH SOLE 1000 57600
Micros Systems com 594901100 13109 177150 SH SOLE 88900 88250
Microsoft Corp. com 594918104 280 2400 SH SOLE 2400
Mortons Restaurant Group com 619429103 1432 92400 SH SOLE 26900 65500
NCO Group Inc com 628858102 12534 416050 SH SOLE 216150 199900
National Computer Sys com 635519101 14382 382250 SH SOLE 196050 186200
Natural MicroSystems com 638882100 3956 84500 SH SOLE 18900 65600
Pacific Sunwear com 694873100 5576 174946 SH SOLE 87600 87346
Penn Engineering & Mfg. com 707389300 8904 385020 SH SOLE 217770 167250
Performance Food Group com 713755106 10404 426821 SH SOLE 218700 208121
Polycom Inc com 73172K104 5681 89200 SH SOLE 44500 44700
Progress Software com 743312100 19451 342750 SH SOLE 174400 168350
RSA Security com 749719100 8843 114100 SH SOLE 59250 54850
Radisys Corp com 750459109 6449 126450 SH SOLE 63950 62500
Renal Care Group com 759930100 5385 230370 SH SOLE 117250 113120
Richardson Elec Ltd com 763165107 4235 564610 SH SOLE 275250 289360
Rogers Corp. com 775133101 14424 377095 SH SOLE 177998 199097
SCP Pool Corp com 784028102 8331 321200 SH SOLE 147100 174100
SPSS Inc com 78462K102 8257 326999 SH SOLE 153700 173299
Shared Medical Systems com 819486101 5644 110800 SH SOLE 56400 54400
Shaw Group com 820280105 14147 558900 SH SOLE 281000 277900
Spartech Corp. com 847220209 17676 548097 SH SOLE 234600 313497
Stone Energy com 861642106 9294 260897 SH SOLE 127850 133047
Systems & Computer Tech com 871873105 15171 933610 SH SOLE 464810 468800
Technitrol Inc com 878555101 14434 324350 SH SOLE 164350 160000
Tekelec com 879101103 8377 372300 SH SOLE 190550 181750
Tollgrade Communications com 889542106 3412 98898 SH SOLE 47900 50998
Trex Company com 89531p105 6688 250000 SH SOLE 143950 106050
US Foodservice com 90331R101 6481 386944 SH SOLE 169000 217944
Veeco Instruments com 922417100 11750 250999 SH SOLE 133000 117999
Veterinary Centers of America com 925514101 9157 711200 SH SOLE 365300 345900
Vicor Corp com 925815102 5026 124100 SH SOLE 64350 59750
Watsco com 942622200 6897 596499 SH SOLE 315254 281245
Weatherford International com 947074100 9188 230047 SH SOLE 118500 111547
Whitehall Jewellers com 965063100 10981 297800 SH SOLE 150400 147400
</TABLE>
