UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Spartan Stores, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
846822104
(CUSIP Number)
Michael Emanuel, Esq.
c/o Loeb Partners Corporation
61 Broadway, N.Y., N.Y., 10006 (212) 483-7047
(Name, address and Telephone Number of Person Authorized to Receive Notices
and Communications)
March 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 Rule 13d-1(b)(3) or (4), check the following box [ ]. Check
the following box if a fee is being paid with statement [ ]. (A fee is not
required only if the following reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described is Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.) Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) 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 disclosures provided in a prior cover page. The information
required on the remained 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).
SCHEDULE 13D
CUSIP NO. 846822104
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Partners Corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC, O
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 7 SOLE VOTING POWER
SHARES 49,409 Shares of Common stock
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 38,095 Shares of Common stock
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 49,409 Shares of Common stock
PERSON WITH 10 SHARED DISPOSITIVE POWER
38,095 Shares of Common stock
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
87,504 Shares of Common stock
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.43%
14 TYPE OF REPORTING PERSON*
CO, BD, IA
SCHEDULE 13D
CUSIP NO. 846822104
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Arbitrage Fund
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC, O
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,070,041 Shares of Common stock
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -----
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,070,041 Shares of Common stock
PERSON WITH 10 SHARED DISPOSITIVE POWER
-----
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,070,041 Shares of Common stock
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.22%
14 TYPE OF REPORTING PERSON*
PN, BD
SCHEDULE 13D
CUSIP NO. 846822104
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Offshore Fund Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC, O
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF 7 SOLE VOTING POWER
SHARES 99,737 Shares of Common stock
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY --------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 99,737 Shares of Common stock
PERSON WITH 10 SHARED DISPOSITIVE POWER
-------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
99,737 Shares of Common stock
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.49%
14 TYPE OF REPORTING PERSON*
CO
SCHEDULE 13D
CUSIP NO. 846822104
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Marathon Fund LP
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC, O
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 7 SOLE VOTING POWER
SHARES 150,845 Shares of Common stock
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -----
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 150,845 Shares of Common stock
PERSON WITH 10 SHARED DISPOSITIVE POWER
-----
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,845 Shares of Common stock
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.74%
14 TYPE OF REPORTING PERSON*
PN
SCHEDULE 13D
CUSIP NO. 846822104
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Loeb Marathon Offshore Fund, Ltd.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC, O
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF 7 SOLE VOTING POWER
SHARES 54,387 Shares of Common stock
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -----
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 54,387 Shares of Common stock
PERSON WITH 10 SHARED DISPOSITIVE POWER
-----
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,387 Shares of Common stock
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.27%
14 TYPE OF REPORTING PERSON*
CO
Item 1. Security and Issuer.
------ -------------------
This statement refers to the Common Stock of Spartan Stores, Inc., 850 76th
Street Southwest, Grand Rapids, MI. 49518.
Item 2. Identity and Background.
------ -----------------------
Loeb Arbitrage Fund ("LAF"), 61 Broadway, New York, New York, 10006, is a New
York limited partnership. It is a registered broker/dealer. Its general partner
is Loeb Arbitrage Management, Inc., ("LAM"), a Delaware corporation, with the
same address. Its President is Gideon J. King. The other officers of LAM are
Thomas L. Kempner, Chairman of the Board, President, Peter A. Tcherepnine, Vice
President, Edward J. Campbell, Vice President. Loeb Partners Corporation
("LPC"), 61 Broadway, New York, New York, 10006, is a Delaware corporation. It
is a registered broker/dealer and a registered investment adviser. Thomas L.
Kempner is its President and a director and its Chief Executive Officer. Norman
N. Mintz is a Vice President and also a director. Gideon J. King is Executive
Vice President. Loeb Holding Corporation ("LHC"), a Maryland corporation, 61
Broadway, New York, New York, 10006 is the sole stockholder of LAM and LPC.
Thomas L. Kempner is its President and a director as well as its Chief Executive
Officer and majority stockholder. Norman N. Mintz and Peter A. Tcherepnine are
also directors. Loeb Offshore Fund, Ltd., ("LOF") is a Cayman Islands exempted
company. Loeb Offshore Management, LLC ("LOM") is a Delaware limited liability
company, a registered investment adviser and is wholly owned by Loeb Holding
Corporation. It is the investment adviser of LOF. Gideon J. King and Thomas L.
Kempner are Directors of LOF and Managers of LOM. Loeb Marathon Fund ("LMF") is
a Delaware limited partnership whose general partner is LAM. Loeb Marathon
Offshore Fund Ltd. ("LMOF") is a Cayman Islands exempted company. LOM is the
investment adviser of LMOF. All of the individuals named are United States
citizens. None have been, within the last five years, convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding been or are 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 violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Compensation.
------ ------------------------------------------------
Shares of Common Stock were acquired by LAF, LPC, LMF, LOF and LMOF in margin
accounts maintained with Bear Stearns Securities Corp.
Item 4. Purpose of Transaction.
------ ----------------------
LAF, LPC*, LMF, LOF and LMOF ("Loeb") have acquired shares of Common Stock for
investment purposes. Loeb reserves the right, consistent with applicable law, to
acquire additional securities of the Issuer (whether through open market
purchases, block trades, private acquisitions, tender or exchange offers or
otherwise). Loeb intends to review its investment in the Issuer on a continuing
basis and may engage in discussions with management or the Board of Directors of
the Issuer concerning the business, operations and future plans of the Issuer.
Loeb's current position with respect to the Issuer was previously reflected in a
letter that was sent to the Issuer's Board of Directors, a copy of which was
included in a previous filing. Depending on various factors, including, without
limitation, the Issuer's financial position and investment strategy, the price
levels of the Common Stock, conditions in the securities markets and general
economic and industry conditions, Loeb may in the future take such actions with
respect to its investment in the Issuer as it deems appropriate including,
without limitation, seeking Board representation, making proposals to the Issuer
concerning the capitalization and operations of the Issuer, purchasing
additional Common Stock, selling some or all of its Common Stock, engaging in
short selling of or any hedging or similar transaction with respect to the
Common Stock or changing its intention partially or entirely with respect to any
and all matters referred to in Item 4.
Item 5. Interest in Securities of the Issuer.
------ ------------------------------------
(a) The persons reporting hereby owned the following shares of Common Stock as
of March 22, 2005.
Shares of Common Stock
Loeb Arbitrage Fund 1,070,041
Loeb Partners Corporation* 85,504
Loeb Offshore Fund Ltd. 99,737
Loeb Marathon Fund LP 150,845
Loeb Marathon Offshore Fund, Ltd. 54,387
---------
1,462,514
The total shares of Common Stock constitutes 7.13% of the 20,516,000 outstanding
shares of Common Stock as reported by the issuer.
-------------------------
*Including 40,450 shares of Common Stock purchased and 2,355 sold for the
account of one customer of Loeb Partners Corporation as to which it has
investment discretion.
(b) See paragraph (a) above.
(c) The following purchases of Common Stock have been made in the last sixty
(60) days by the following:
Purchases of Common Stock
Holder Date Shares Average Price
Loeb Partners Corp.*
12-28-04 159 $5.82
12-29-04 735 6.08
12-30-04 798 6.28
12-31-04 1020 6.51
12-31-04 798 6.29
01-03-05 1470 6.50
01-04-05 350 6.36
01-13-05 1682 6.92
01-14-05 1198 7.01
01-14-05 109 6.38
01-18-05 2705 7.68
01-19-05 2705 7.68
01-20-05 3375 7.40
01-21-05 1682 7.49
01-24-05 1688 7.04
01-26-05 443 6.95
01-27-05 3209 7.41
01-28-05 4407 7.74
01-31-05 3186 7.98
02-01-05 3677 8.28
02-02-05 4814 8.65
02-03-05 2581 8.82
02-04-05 6710 9.01
02-07-05 2575 9.24
02-09-05 3378 8.92
02-10-05 1204 8.81
02-11-05 1051 8.85
02-15-05 167 9.30
02-16-05 288 9.26
02-17-05 206 9.94
02-18-05 1181 9.86
02-18-05 590 9.81
02-22-05 308 9.89
02-23-05 171 9.89
02-24-05 806 9.97
02-25-05 2522 9.99
02-28-05 524 10.08
03-01-05 388 10.41
03-02-05 5 10.75
03-07-05 4490 10.92
03-07-05 23 10.67
03-08-05 55 10.66
03-08-05 12 10.67
03-10-05 800 10.69
03-11-05 7638 9.90
03-11-05 308 10.46
03-14-05 13 10.26
03-16-05 801 10.91
03-17-05 10758 10.95
03-18-05 643 11.09
03-21-05 1126 11.14
03-22-05 727 11.09
Holder Date Shares Average Price
Loeb Arbitrage Fund
12-28-04 1950 $5.820
12-29-04 8978 6.076
12-30-04 9747 6.283
12-31-04 12466 6.505
12-31-04 9747 6.286
01-03-05 17955 6.505
01-04-05 4275 6.364
01-13-05 20550 6.915
01-14-05 17678 7.014
01-14-05 1319 6.378
01-18-05 34086 7.678
01-19-05 34086 7.680
01-20-05 42625 7.398
01-21-05 21387 7.491
01-24-05 21312 7.045
01-26-05 5590 6.952
01-27-05 40543 7.408
01-28-05 55669 7.735
01-31-05 40238 7.983
02-01-05 46443 8.281
02-02-05 80039 8.653
02-03-05 33943 8.818
02-04-05 49889 9.011
02-07-05 62217 9.240
02-08-05 14217 9.168
02-09-05 47140 8.915
02-10-05 16596 8.810
02-11-05 14659 8.852
02-11-05 200 8.783
02-14-05 27147 9.341
02-14-05 409 9.174
02-15-05 2344 9.302
02-16-05 4027 9.259
02-17-05 2875 9.944
02-18-05 16477 9.863
02-18-05 8239 9.813
02-22-05 4290 9.888
02-23-05 2372 9.889
02-24-05 11253 9.966
02-25-05 35186 9.986
02-28-05 7299 10.079
03-01-05 5406 10.410
03-02-05 4596 10.412
03-02-05 79 10.750
03-07-05 62688 10.924
03-07-05 327 10.672
03-08-05 773 10.660
03-10-05 11170 10.691
03-11-05 98027 9.905
03-11-05 4291 10.450
03-14-05 171 10.260
03-16-05 1169 10.420
03-07-05 3343 10.954
03-18-05 7887 11.086
03-21-05 13797 11.135
03-22-05 8915 11.093
Holder Date Shares Average Price
Loeb Offshore Fund
12-28-04 171 $5.82
12-29-04 787 6.08
12-30-04 855 6.28
12-31-04 1094 6.51
12-31-04 855 6.29
01-03-05 1575 6.50
01-04-05 375 6.36
01-13-05 1802 6.92
01-14-05 2124 7.01
01-14-05 115 6.38
01-18-05 3209 7.68
01-19-05 3209 7.68
01-20-05 4000 7.40
01-21-05 2006 7.49
01-24-05 2000 7.04
01-26-05 525 6.95
01-27-05 3805 7.41
01-28-05 5224 7.74
01-31-05 3776 7.98
02-01-05 4358 8.28
02-02-05 7378 8.65
02-03-05 3176 8.82
02-04-05 1750 9.01
02-07-05 8806 9.24
02-08-05 1482 9.16
02-09-05 4411 8.92
02-10-05 1571 8.81
02-11-05 1372 8.85
02-14-05 2370 9.34
02-14-05 36 9.17
02-15-05 219 9.30
02-16-05 377 9.26
02-17-05 269 9.94
02-18-05 771 9.86
02-18-05 1542 9.81
02-22-05 402 9.88
02-23-05 222 9.88
02-24-05 1053 9.96
02-25-05 3292 9.98
02-28-05 683 10.07
03-01-05 506 10.41
03-02-05 7 10.75
03-07-05 5864 10.92
03-07-05 31 10.67
03-08-05 72 10.66
03-10-05 1050 10.69
03-11-05 9149 9.90
03-11-05 401 10.46
03-14-05 16 10.26
03-16-05 1045 10.90
03-18-05 720 11.08
03-21-05 1259 11.13
03-22-05 813 11.09
Holder Date Shares Average Price
Loeb Marathon Fund 12-28-04 890 $5.82
12-29-04 4099 6.08
12-30-04 4988 6.28
12-31-04 4988 6.51
12-31-04 5771 6.29
01-03-05 8312 6.50
01-04-05 2969 6.36
01-05-05 5129 6.41
01-06-05 934 6.41
01-10-05 4398 6.21
01-11-05 1759 6.36
01-11-05 10628 6.37
01-12-05 1349 6.51
01-12-05 10528 6.37
01-13-05 222 6.92
01-14-05 900 7.01
01-14-05 8985 6.38
01-18-05 6425 7.68
01-19-05 6425 7.68
01-20-05 6428 7.40
01-21-05 4821 7.49
01-24-05 6046 7.04
01-25-05 844 7.06
01-26-05 4215 6.95
01-27-05 22458 7.41
02-01-05 779 8.28
02-02-05 1325 8.65
02-04-05 836 9.01
02-07-05 1045 9.24
02-08-05 226 9.16
02-09-05 787 8.92
02-10-05 5002 8.81
02-11-05 4432 8.85
02-14-05 4241 9.34
02-14-05 64 9.17
02-15-05 821 9.30
02-16-05 286 9.26
02-17-05 462 9.94
02-18-05 281 9.86
02-18-05 561 9.81
02-24-05 1255 9.96
02-25-05 15135 9.98
02-28-05 106 10.07
02-28-05 387 9.98
02-28-05 38 10.07
03-01-05 300 10.41
03-02-05 810 10.41
03-07-05 3674 10.92
03-07-05 51 10.67
03-08-05 74 10.66
03-10-05 734 10.69
03-10-05 58 10.92
03-11-05 1470 9.90
03-16-05 734 10.90
03-17-05 717 10.95
03-18-05 514 11.08
03-21-05 895 11.13
03-22-05 578 11.09
Holder Date Shares Average Price
Loeb Marathon Offshore 12-28-04 630 $5.82
Fund 12-29-04 2901 6.08
12-30-04 2612 6.28
12-31-05 3949 6.51
12-31-04 2612 6.29
01-03-05 5688 6.50
01-04-05 2031 6.36
01-05-05 4871 6.41
01-06-05 3937 6.41
01-10-05 3102 6.21
01-11-05 1241 6.36
01-13-05 1581 6.91
01-14-05 500 7.01
01-18-05 3575 7.68
01-19-05 3575 7.68
01-20-05 3572 7.40
01-21-05 2679 7.49
01-24-05 3360 7.04
01-26-05 2342 6.95
02-01-05 332 8.28
02-01-05 1739 8.31
02-02-05 557 8.65
02-04-05 356 9.01
02-07-05 457 9.24
02-08-05 95 9.16
02-09-05 334 8.92
02-10-05 2128 8.81
02-11-05 1886 8.85
02-14-05 1804 9.34
02-14-05 26 9.17
02-15-05 349 9.26
02-17-05 188 9.94
02-18-05 119 9.86
02-18-05 239 9.81
02-23-05 15135 9.89
02-24-05 533 9.97
02-25-05 387 9.99
02-28-05 38 10.08
03-07-05 1326 10.92
03-07-05 19 10.67
03-08-05 26 10.66
03-10-05 1268 10.92
03-10-05 266 10.69
03-11-05 530 9.90
03-16-05 266 10.90
03-17-05 283 10.95
03-18-05 186 11.08
03-21-05 323 11.13
03-22-05 208 11.09
Sales of Common Stock
Holder Date Shares Average Price
Loeb Partners Corp.* 12-31-04 798 $6.28
01-19-05 2705 7.68
02-17-05 122 9.26
03-01-05 1240 10.89
Holder Date Shares Average Price
Loeb Arbitrage Fund 12-31-05 9747 $6.283
01-19-05 34086 7.678
03-01-05 811 10.887
03-02-05 5406 10.41
Holder Date Shares Average Price
Loeb Offshore Fund 12-31-05 855 $6.28
01-19-05 3209 7.68
03-01-05 179 10.88
Holder Date Shares Average Price
Loeb Marathon Fund 12-31-04 4988 $6.28
01-12-05 10628 6.37
01-14-05 10528 6.37
01-19-05 6425 7.68
02-01-05 1739 8.28
Holder Date Shares Average Price
Loeb Marathon Offshore 12-31-04 2612 $6.28
Fund 01-06-05 4871 6.41
01-19-05 3575 7.67
01-25-05 844 7.03
01-31-05 1984 7.93
02-25-05 15135 9.88
02-25-05 533 9.96
02-28-05 387 9.98
02-28-05 38 10.07
02-28-05 122 9.25
03-01-05 70 10.88
03-10-05 1326 10.92
--------------------
*Including 40,450 shares of Common Stock purchased and 2355 sold for the account
of one customer of Loeb Partners Corporation as to which it has investment
discretion.
All reported transactions were effected on Nasdaq.
(d) Not applicable.
(e). Not applicable.
Item 6.Contracts, Arrangements, Understandings or Relationships with Respect to
the Issuer.
None.
Item 7. Materials to be Filed as Exhibits.
None.
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.
March 25, 2005 Loeb Partners Corporation
By: /s/ Gideon J. King
Executive Vice President
March 25, 2005 Loeb Arbitrage Fund
By: Loeb Arbitrage Management, Inc., G.P.
By: /s/ Gideon J. King
President
March 25, 2005 Loeb Offshore Fund Ltd.
By: /s/ Gideon J. King
Director
March 25, 2005 Loeb Marathon Fund LP
By: Loeb Arbitrage Management, Inc., G.P.
By: /s/ Gideon J. King
President
March 25, 2005 Loeb Marathon Offshore Fund
By: /s/ Gideon J. King
Director