SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
SPRECKELS INDUSTRIES, INC.
(Name of Issuer)
CLASS A VOTING COMMON STOCK
(Title of Class of Securities)
849416201
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of less than five percent of such class.
See Rule 13d-7).
*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 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).
13G
CUSIP No. Page 2 of
849416201 11 Pages
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
FEDERATED INVESTORS
TAX I.D. # 51-0316181
2 Check the appropriate box if a member of a group
(a) [ ]
(b) [ ]
3 SEC use only
4 Citizenship or Place of Organization
5 Sole voting power
Number of 294,090
shares
beneficially 6 Shared voting power
owned
by
each 7 Sole dispositive power
Reporting 294,090
Person
with 8 Shared dispositive power
9 Aggregate Amount Beneficially Owned by Each Reporting
Person
294,090
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares *
11 Percent of Class Represented by Amount in Row (9)
4.9%
12 Type of Reporting Person
HC
*SEE INSTRUCTION BEFORE FILLING OUT
13G
CUSIP No. Page 3 of
849416201 11 Pages
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
VOTING SHARES IRREVOCABLE TRUST
2 Check the appropriate box if a member of a group
(a) [ ]
(b) [ ]
3 SEC use only
4 Citizenship or Place of Organization
PENNSYLVANIA
5 Sole voting power
Number of 294,090
shares
beneficially 6 Shared voting power
owned
by
each 7 Sole dispositive power
Reporting 294,090
Person
with 8 Shared dispositive power
9 Aggregate Amount Beneficially Owned by Each Reporting
Person
294,090
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares *
11 Percent of Class Represented by Amount in Row (9)
4.9%
12 Type of Reporting Person
OO
*SEE INSTRUCTION BEFORE FILLING OUT
13G
CUSIP No. Page 4 of
849416201 11 Pages
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
JOHN F. DONAHUE
2 Check the appropriate box if a member of a group
(a) [ ]
(b) [ ]
3 SEC use only
4 Citizenship or Place of Organization
UNITED STATES
5 Sole voting power
Number of
shares
beneficially 6 Shared voting power
owned 294,090
by
each 7 Sole dispositive power
Reporting
Person
with 8 Shared dispositive power
294,090
9 Aggregate Amount Beneficially Owned by Each Reporting
Person
294,090
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares *
11 Percent of Class Represented by Amount in Row (9)
4.9 %
12 Type of Reporting Person
IN
*SEE INSTRUCTION BEFORE FILLING OUT
13G
CUSIP No. Page 5 of
849416201 11 Pages
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RHODORA J. DONAHUE
2 Check the appropriate box if a member of a group
(a) [ ]
(b) [ ]
3 SEC use only
4 Citizenship or Place of Organization
UNITED STATES
5 Sole voting power
Number of
shares
beneficially 6 Shared voting power
owned 294,090
by
each 7 Sole dispositive power
Reporting
Person
with 8 Shared dispositive power
294,090
9 Aggregate Amount Beneficially Owned by Each Reporting
Person
294,090
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares *
11 Percent of Class Represented by Amount in Row (9)
4.9%
12 Type of Reporting Person
IN
*SEE INSTRUCTION BEFORE FILLING OUT
13G
CUSIP No. Page 6 of
849416201 11 Pages
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
J. CHRISTOPHER DONAHUE
2 Check the appropriate box if a member of a group
(a) [ ]
(b) [ ]
3 SEC use only
4 Citizenship or Place of Organization
UNITED STATES
5 Sole voting power
Number of
shares
beneficially 6 Shared voting power
owned 294,090
by
each 7 Sole dispositive power
Reporting
Person
with 8 Shared dispositive power
294,090
9 Aggregate Amount Beneficially Owned by Each Reporting
Person
294,090
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares *
11 Percent of Class Represented by Amount in Row (9)
4.9%
12 Type of Reporting Person
IN
*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 849416201 13G Page 7 of 11 Pages
ITEM 1(A). NAME OF ISSUER: Spreckels Industries Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL BUSINESS OFFICE:
4234 Hacienda Drive
Pleansanton, CA 94588
ITEM 2(A). NAMES OF PERSONS FILING:
SEE ROW 1 OF COVER PAGES
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
Federated Investors Tower
Pittsburgh, PA 15222-3779
ITEM 2(C). CITIZENSHIP:
SEE ROW 1 AND 4 OF COVER PAGES
ITEM 2(D). TITLE OF CLASS OF SECURITIES: Class A Voting Common Stock
ITEM 2(E). CUSIP NUMBER: 849416201
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSONS FILING ARE:
(g) [ X ] Parent Holding Company in accordance with Section 240.13d-1(b)
(ii) (G) (Note: See Item 7)
*SEE EXHIBIT "1" ATTACHED
ITEM 4. OWNERSHIP:
A. Federated Investors (See Note 1, next page)
Item 4(a) Amount Beneficially Owned:
.................................... 294,090
Item 4(b) Percent of Class:
........................................................ 4.9%
Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
....................... 294,090
(ii) shared power to vote or direct the vote:
.................. 0
(iii) sole power to dispose or to direct the
disposition of:
......................................................... 294,090
(iv) shared power to dispose or to direct the
disposition of:
......................................................... 0
B. Voting Shares Irrevocable Trust (See Note 1, next page)
Item 4(a) Amount Beneficially Owned:
.................................... 294,090
Item 4(b) Percent of Class:
........................................................ 4.9%
Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
....................... 294,090
(ii) shared power to vote or direct the vote:
.................. 0
(iii) sole power to dispose or to direct the
disposition of:
......................................................... 294,090
(iv) shared power to dispose or to direct the
disposition of:
......................................................... 0
CUSIP No. 849416201 13G Page 8 of 11 Pages
ITEM 4. OWNERSHIP (CONTINUED):
C. John F. Donahue (1)
Item 4(a) Amount Beneficially Owned:
.................................... 294,090
Item 4(b) Percent of Class:
........................................................ 4.9%
Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
....................... 0
(ii) shared power to vote or direct the vote:
.................. 294,090
(iii) sole power to dispose or to direct the
disposition of:
......................................................... 0
(iv) shared power to dispose or to direct the
disposition of:
......................................................... 294,090
D. Rhodora J. Donahue (1)
Item 4(a) Amount Beneficially Owned:
.................................... 294,090
Item 4(b) Percent of Class:
........................................................ 4.9%
Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
....................... 0
(ii) shared power to vote or direct the vote:
.................. 294,090
(iii) sole power to dispose or to direct the
disposition of:
......................................................... 0
(iv) shared power to dispose or to direct the
disposition of:
......................................................... 294,090
E. J. Christopher Donahue (1)
Item 4(a) Amount Beneficially Owned:
.................................... 294,090
Item 4(b) Percent of Class:
........................................................ 4.9%
Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
....................... 0
(ii) shared power to vote or direct the vote:
.................. 294,090
(iii) sole power to dispose or to direct the
disposition of:
......................................................... 0
(iv) shared power to dispose or to direct the
disposition of:
......................................................... 294,090
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner or more than
five percent of the class of securities. Check the following [X].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
(1) The number of shares indicated represent shares beneficially owned by
registered investment companies advised by subsidiaries of Federated
Investors that have been delegated the power to direct investments and
power to vote the securities by the registered investment companies' board
of trustees or directors. All of the voting securities of Federated
Investors are held in the Voting Shares Irrevocable Trust ("Trust"), the
trustees of which are John F. Donahue, Rhodora J. Donahue, and J.
Christopher Donahue ("Trustees"). In accordance with Rule 13d-4 under the
1934 Act, the Trust, Trustees and parent holding company declare that the
filing of this statement should not be construed as an admission that any
of the investment advisers, parent holding company, Trust, Trustees are
beneficial owners (for the purposes of Sections 13(d) and/or 13(g) of the
Act) of any securities covered by this statement, and such advisers,
parent holding company, Trust, and Trustees expressly disclaim that they
are the beneficial owners of such securities.
CUSIP No. 849416201 13G Page 9 of 11 Pages
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
SEE EXHIBIT "1" ATTACHED
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my 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 purposes or effect.
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 14, 1996
By: /s/ J. Christopher Donahue
Name/Title: J. Christopher Donahue, individually and as Trustee of
Voting Shares Irrevocable Trust, by J. Christopher Donahue, as
attorney-in-fact
By: /s/ John F. Donahue
Name/Title: John F. Donahue, individually and as Trustee of Voting
Shares Irrevocable Trust, by J. Christopher Donahue, as attorney-in-
fact
By: /s/ Rhodora J. Donahue
Name/Title: Rhodora J. Donahue, individually and as Trustee of Voting
Shares Irrevocable Trust, by J. Christopher Donahue, as attorney-in-
fact
By: /s/ J. Christopher Donahue
Name/Title: J. Christopher Donahue, individually and as Trustee of
Voting Shares Irrevocable Trust, by J. Christopher Donahue, as
attorney-in-fact
CUSIP No. 849416201 13G Page 10 of 11 Pages
EXHIBIT "1"
ITEM 3 CLASSIFICATION OF
REPORTING PERSONS
Identity and Classification of Each Reporting Person
IDENTITY CLASSIFICATION UNDER ITEM 3
Federated Management (e) Investment Adviser
registered under section 203 of
the Investment Advisers Act of
1940
Federated Advisers (e) Investment Adviser
registered under section 203 of
the Investment Advisers Act of
1940
Federated Investment Counseling (e) Investment Adviser
registered under section 203 of
the Investment Advisers Act of
1940
Federated Investors (g) Parent Holding Company, in
accordance with Section
240.13d-1(b)(ii)(G)
Federated Investors, Inc. (g) Parent Holding Company, in
accordance with Section
240.13d-1(b)(ii)(G)
FII Holdings, Inc. (g) Parent Holding Company, in
accordance with Section
240.13d-1(b)(ii)(G)
Voting Shares Irrevocable Trust (g) Parent Holding Company, in
accordance with Section
240.13d-1(b)(ii)(G)
John F. Donahue (g) Parent Holding Company, in
accordance with Section
240.13d-1(b)(ii)(G)
Rhodora J. Donahue (g) Parent Holding Company, in
accordance with Section
240.13d-1(b)(ii)(G)
J. Christopher Donahue (g) Parent Holding Company, in
accordance with Section
240.13d-1(b)(ii)(G)
FEDERATED INVESTORS (THE "PARENT") IS FILING THIS SCHEDULE 13G BECAUSE IT IS
THE PARENT HOLDING COMPANY OF FEDERATED MANAGEMENT, FEDERATED INVESTMENT
COUNSELING AND FEDERATED ADVISERS (THE "INVESTMENT ADVISER"), WHICH ACT AS
INVESTMENT ADVISERS TO REGISTERED INVESTMENT COMPANIES THAT OWN SHARES OF
COMMON STOCK IN SOUTHWEST PROPERTIES TRUST (THE "REPORTED SECURITIES"). THE
INVESTMENT ADVISERS ARE WHOLLY OWNED SUBSIDIARIES OF FII HOLDINGS, INC.,
WHICH IS A WHOLLY OWNED SUBSIDIARY OF FEDERATED INVESTORS, INC., WHICH IS
WHOLLY OWNED SUBSIDIARY OF FEDERATED INVESTORS, INC., WHICH IS WHOLLY OWNED
BY THE PARENT. ALL OF PARENT'S OUTSTANDING VOTING STOCK IS HELD IN THE
VOTING SHARES IRREVOCABLE TRUST (THE "TRUST") FOR WHICH JOHN F. DONAHUE,
RHODORA J. DONAHUE AND J. CHRISTOPHER DONAHUE ACT AS TRUSTEES (COLLECTIVELY,
THE "TRUSTEES"). THE TRUSTEES HAVE JOINED IN FILING THIS SCHEDULE 13G
BECAUSE OF THE COLLECTIVE VOTING CONTROL THAT THEY EXERCISE OVER THE PARENT.
IN ACCORDANCE WITH RULE 13D-4 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, THE PARENT, THE TRUST AND EACH OF THE TRUSTEES DECLARE THAT THIS
STATEMENT SHOULD NOT BE CONSTRUED AS AN ADMISSION THAT THEY ARE THE
BENEFICIAL OWNERS OF THE REPORTED SECURITIES, AND THE PARENT, THE TRUST AND
EACH OF THE TRUSTEES EXPRESSLY DISCLAIM BENEFICIAL OWNERSHIP OF THE REPORTED
SECURITIES.
CUSIP No. 849416201 13G Page 11 of 11 Pages
EXHIBIT "2"
AGREEMENT FOR JOINT FILING OF
SCHEDULE 13G
The following parties 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:
1. Federated Investors, as parent holding company of the investment
advisers to registered investment companies that beneficially own the
securities.
2. Voting Shares Irrevocable Trust, as holder of all the voting shares of
Federated Investors
3. John F. Donahue, individually and as Trustee.
4. Rhodora J. Donahue, individual and as Trustee.
5. J. Christopher Donahue, individually and as Trustee.
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 unless is not responsible for the completeness or
accuracy of information concerning the other parties unless such party knows or
has reason to believe that such information is incomplete or inaccurate.
It is understood and agreed that the joint filing of Schedule 13G shall not
be construed as an admission that the reporting persons named herein constitute
a group for purposes of Regulation 13D-G of the Securities Exchange Act of 1934,
nor is a joint venture for purposes of the Investment Company Act of 1940.
Date: February 14, 1996
By: /s/ J. Christopher Donahue
Name/Title: J. Christopher Donahue, as President of Federated
Investors
By: /s/ John F. Donahue
Name/Title: John F. Donahue, individually and as Trustee of Voting
Shares Irrevocable Trust, by J. Christopher Donahue, as attorney-in-
fact
By: /s/ Rhodora J. Donahue
Name/Title: Rhodora J. Donahue, individually and as Trustee of Voting
Shares Irrevocable Trust, by J. Christopher Donahue, as attorney-in-
fact
By: /s/ J. Christopher Donahue
Name/Title: J. Christopher Donahue, individually and as Trustee of
