PETSMART INC
424B3, 1998-07-30
RETAIL STORES, NEC
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<PAGE>   1
                                                               Filed Pursuant to
                                                          Rule 424(b)(3) and (c)
                                                              File No. 333-41111

                PROSPECTUS SUPPLEMENT NO. 11 DATED JULY 29, 1998
                       TO PROSPECTUS DATED APRIL 30, 1998

                                 PETSMART, INC.
                                  $200,000,000
                 6 3/4% Convertible Subordinated Notes due 2004
                                      and
            Shares of Common Stock Issuable Upon Conversion thereof

         
         This Prospectus Supplement should be read in conjunction with the
Prospectus dated April 30, 1998 (the "Prospectus"). The table on pages 37 and
38 of the Prospectus setting forth information concerning the Selling
Securityholders is superseded by the following table:

                            SELLING SECURITYHOLDERS

         The following table sets forth the names of the Selling
Securityholders, the number of shares of Common Stock owned by each of them as
of the date of this supplement and the principal amount of Notes and number of
Conversion Shares which may be offered pursuant to this Prospectus. The
information is based upon information provided by or on behalf of the Selling
Securityholders. The Selling Securityholders may offer all, some or none of
their Notes or Conversion Shares.

<TABLE>
<CAPTION>
            Name                          Principal Amount   Principal Amount    Common Stock      Common Stock
- --------------------------------------     of Notes Owned         of Notes        Owned Prior     Offered Hereby
                                        Prior to Offering(1)   Offered Hereby  to Offering(1)(2)  --------------
                                        --------------------  ---------------- -----------------
<S>                                       <C>                 <C>              <C>                 <C>
Alpine Associates.....................        5,250,000         5,250,000              0                 0

Argent Classic Convertible Arbitrage
  Fund (Bermuda), Ltd. ...............       10,750,000        10,750,000              0                 0

Argent Convertible Arbitrage
  Fund Ltd. ..........................          250,000           250,000              0                 0

Bank of America Pension Plan..........        2,000,000         2,000,000              0                 0

CIBC Oppenheimer Corp. ...............        1,460,000         1,460,000              0                 0

California PERS.......................        2,500,000         2,500,000              0                 0

Canadian Imperial Holdings, Inc. .....        4,000,000         4,000,000              0                 0

Continental Assurance Company on
  behalf of its Separate Account(E)...        2,850,000         2,850,000              0                 0

Commonwealth Life Insurance
  Company.............................        2,750,000         2,750,000              0                 0

Cramblit & Carney Incorporated........        3,441,000         3,441,000        126,500                 0

Daniel H. Renberg and
  Associates, Inc. ...................          675,000           675,000        111,900                 0

</TABLE>




                                       1.
<PAGE>   2
<TABLE>
<CAPTION>
                                        Principal Amount         Principal Amount    Common Stock        
                                        of Notes Owned           of Notes            Owned Prior          Common Stock
            Name                        Prior to Offering(1)     Offered Hereby      to Offering(1)(2)   Offered Hereby
- -------------------------------------   --------------------     ----------------    -----------------   --------------
<S>                                     <C>                      <C>                 <C>                 <C>
Dean Witter Convertible Securities
  Trust..............................    4,500,000                4,500,000             0                   0

Dean Witter Income Builder Fund......    3,800,000                3,800,000             0                   0

Dean Witter Variable Income
  Builder Fund.......................      400,000                  400,000             0                   0

Donaldson, Lufkin & Jenrette
  Securities Corporation(3)..........   10,420,000               10,420,000             0                   0

Forest Alternative Strategies
  Fund A-5...........................      775,000                  775,000             0                   0

Forest Alternative Strategies
  Fund A-5I..........................       35,000                   35,000             0                   0

Forest Convertible Opportunity
  Fund...............................      157,000                  157,000             0                   0

Forest Global Convert Fund
  Ser A-1............................      100,000                  100,000             0                   0

Forest Global Convert Fund
  Ser A-5............................    1,870,000                1,870,000             0                   0

Forest Global Convert Fund
  Ser B-1............................      252,000                  252,000             0                   0

Forest Global Convert Fund
  Ser B-2............................      150,000                  150,000             0                   0

Forest Global Convert Fund
  Ser B-3............................       50,000                   50,000             0                   0

Forest Global Convert Fund
  Ser B-5............................      225,000                  225,000             0                   0

Forest Performance Fund..............      271,000                  271,000             0                   0

Forest Performance Greyhound.........      220,000                  220,000             0                   0

Forum Capital Markets LP.............      750,000                  750,000             0                   0

Fox Family Foundation................      150,000                  150,000             0                   0

Fox Family Portfolio Partnership.....      400,000                  400,000             0                   0

GPZ Trading..........................    2,000,000                2,000,000           453                   0

Hamilton Partners Limited............    9,250,000                9,250,000             0                   0

Highbridge Capital Corporation.......      500,000                  500,000             0                   0

HSBC Securities Inc. ................    2,200,000                2,200,000             0                   0

LDG Limited..........................      300,000                  300,000             0                   0

LLT Limited..........................    1,000,000                1,000,000             0                   0

LLT Limited..........................       55,000                   55,000             0                   0
</TABLE>

                                       2.
<PAGE>   3
<TABLE>
<CAPTION>



                                           Principal Amount      Principal Amount     Common Stock
                                            of Notes Owned           of Notes          Owned Prior       Common Stock
               Name                        Prior to Offering(1)   Offered Hereby    to Offering(1)(2)   Offered Hereby
- ----------------------------------------   --------------------  ----------------   -----------------   --------------
<S>                                        <C>                   <C>                   <C>                <C>
McMahan Securities
  Company, L.P. ........................        800,000              800,000                    0            0

The Minnesota Mutual Life
  Insurance Company ....................        565,000              565,000                    0            0

Nomura International Trust Company .....      3,550,000            3,550,000                    0            0

Orrington International Fund Ltd. ......        140,000              140,000                    0            0

Orrington Investments Limited
  Partnership ..........................        260,000              260,000                    0            0

Paloma Securities L.L.C. ...............      3,150,000            3,150,000                    0            0

Phoenix Capital Offshore Fund Ltd. .....        500,000              500,000                    0            0

Pillar Equity Income Fund...............        500,000              500,000                    0            0

Sage Capital............................      1,000,000            1,000,000                    0            0

Silverado Arbitrage Trading Limited ....      2,000,000            2,000,000                    0            0

Silverton International Fund
  Limited ..............................      2,100,000            2,100,000                    0            0

Societe Generale Securities Corp. ......      5,336,000            5,336,000                    0            0

South Dakota Retirement System .........      1,000,000            1,000,000                    0            0

Southport Management Partners L.P. .....      2,625,000            2,625,000                    0            0

Southport Partners International Ltd. ..      2,000,000            2,000,000                    0            0
    
St. Albans Partners Ltd. ...............      1,000,000            1,000,000                    0            0

TQA Arbitrage Fund, L.P. ...............        500,000              500,000                    0            0

TQA Leverage Fund, L.P. ................      1,000,000            1,000,000                    0            0

TQA Vantage Fund, Ltd. .................         50,000               50,000                    0            0

TQA Vantage Plus, Ltd. .................        400,000              400,000                    0            0

Yield Strategies Fund II, LP ...........      1,000,000            1,000,000                    0            0

TOTAL ..................................   $105,232,000         $105,232,000              238,853            0
                                           ------------         ------------              -------           --
</TABLE>

- --------------
(1) Beneficial ownership is determined in accordance with the Rule of the SEC
    and generally includes voting or investment power with respect to
    securities. Except as otherwise indicated by footnote, and subject to
    community property laws where applicable, the persons named in the table
    have sole voting and investment power with respect to all shares of Common
    Stock shown as beneficially owned by them.

(2) Includes Conversion Shares based on a conversion price of $8.75 per share
    and a cash payment in lieu of any fractional interest.

                                       3.
<PAGE>   4
(3)  Securities are held by the Placement Agent of the original offering of the
     Notes.

     Because the Selling Securityholders may offer all or some of the Notes
that they hold and/or Conversion Shares pursuant to the offering contemplated
by this Prospectus, and because there are currently no agreements, arrangements
or understandings with respect to the sale of any of the Notes or Conversion
Shares by the Selling Securityholders, no estimate can be given as to the
principal amount of Notes or Conversion of Shares that will be held by the
Selling Securityholders after completion of this offering.



                                       4.


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