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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)(1)
SAFEWAY INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
786514-20-8
(CUSIP Number)
(1) 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).
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CUSIP No. 786514-20-8 13G PAGE 2 OF 8 PAGES
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1. Names of Reporting Persons
S.S. or I.R.S. Identification No. of Above Persons
SSI ASSOCIATES, L.P.
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ X ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
DELAWARE
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5. Sole Voting Power
Number of 106,596,730*
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power
Owned By -0-
Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With 106,596,730*
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8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
106,596,730*
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares [ ]
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11. Percent of Class Represented by Amount in Row (9)
48.1%*
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12. Type of Reporting Person
PN
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* After giving effect to a two-for-one stock split effected in January 1996.
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CUSIP No. 786514-20-8 13G PAGE 3 OF 8 PAGES
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1. Names of Reporting Persons
S.S. or I.R.S. Identification No. of Above Persons
KKR PARTNERS II, L.P.
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2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ X ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
DELAWARE
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5. Sole Voting Power
Number of 2,635,533*
Shares --------------------------------------------------------
Beneficially 6. Shared Voting Power
Owned By -0-
Each --------------------------------------------------------
Reporting 7. Sole Dispositive Power
Person With 2,635,533*
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8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,635,533*
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10. Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares [ ]
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11. Percent of Class Represented by Amount in Row (9)
1.2%*
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12. Type of Reporting Person
PN
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* After giving effect to a two-for-one stock split effected in January 1996.
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ITEM 1.
(A) NAME OF ISSUER:
Safeway Inc.
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
5918 Stoneridge Mall Road
Pleasanton, California 94588
ITEM 2.
(A) NAME OF PERSONS FILING:
SSI Associates, L.P.
KKR Partners II, L.P.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
c/o Kohlberg Kravis Roberts & Co.
9 West 57th Street
New York, New York 10019
(C) CITIZENSHIP:
SSI Associates, L.P. -- Delaware
KKR Partners II, L.P. -- Delaware
(D) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
(E) CUSIP NUMBER:
786514-20-8
ITEM 3. Not applicable
ITEM 4. OWNERSHIP
(A) AMOUNT BENEFICIALLY OWNED:
KKR Associates, L.P., a New York limited partnership, is
the sole general partner of SSI Associates, L.P., a
Delaware limited partnership, and KKR Partners II, L.P.,
a Delaware limited partnership, in which capacity it may
be deemed to be the beneficial owner of the shares of
Safeway Inc. common stock beneficially owned by SSI
Associates, L.P. and KKR Partners II, L.P. As of
December 31, 1996, (i) SSI Associates, L.P. was the
record owner of 106,596,730 shares of common stock of
Safeway Inc.; and (ii) KKR Partners II, L.P. was the
record owner of 2,635,533 shares of
Page 4 of 8 pages.
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common stock of Safeway Inc. Henry R. Kravis, George R.
Roberts, Paul E. Raether, Robert I. MacDonnell, Michael
W. Michelson, James H. Greene, Jr., Michael T. Tokarz,
Edward A. Gilhuly, Perry Golkin, Clifton S. Robbins and
Scott Stuart are the general partners of KKR Associates,
L.P., and Messrs. Kravis and Roberts are also the
members of the Executive Committee of KKR Associates,
L.P., and in such capacity may be deemed to share
beneficial ownership of any shares of common stock of
Safeway Inc. that KKR Associates, L.P. may beneficially
own or be deemed to beneficially own, but disclaim any
such beneficial ownership.
(B) PERCENT OF CLASS:
See Item 11 of each cover page.
(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or direct the vote:
See Item 5 of each cover page.
(ii) Shared power to vote or to direct the vote:
See Item 6 of each cover page.
(iii) Sole power to dispose or to direct the disposition
of:
See Item 7 of each cover page.
(iv) Shared power to dispose or to direct the disposition
of:
See Item 8 of each cover page.
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
See Item 4 above.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
Page 5 of 8 pages.
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
SSI Associates, L.P. and KKR Partners II, L.P. are Delaware limited
partnerships, the sole general partner of each of which is KKR
Associates, L.P., a New York limited partnership. As the sole
general partner of each of SSI Associates, L.P. and KKR Partners II,
L.P., KKR Associates, L.P. may be deemed to be the beneficial owner
of the securities held by such limited partnerships. SSI Associates,
L.P. and KKR Partners II, L.P. may be deemed to be a group in
relation to their respective investments in Safeway Inc. SSI
Associates, L.P. and KKR Partners II, L.P. do not affirm the
existence of a group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
Page 6 of 8 pages.
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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.
Date: February 13, 1997
SSI ASSOCIATES, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: /s/ George R. Roberts
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Name: George R. Roberts
Title: General Partner
KKR PARTNERS II, L.P.
By: KKR ASSOCIATES, L.P.
Its: General Partner
By: /s/ George R. Roberts
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Name: George R. Roberts
Title: General Partner
Page 7 of 8 pages.
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EXHIBITS
Exhibit 1 - Joint Filing Agreement (incorporated by reference to Exhibit 1 to
the Statements on Schedule 13G of SSI Associates, L.P. and KKR
Partners II, L.P. filed on February 14, 1992).
Page 8 of 8 pages.
