0000909450-13-000012.txt : 20130213 0000909450-13-000012.hdr.sgml : 20130213 20130212184753 ACCESSION NUMBER: 0000909450-13-000012 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130213 DATE AS OF CHANGE: 20130212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SunOpta Inc. CENTRAL INDEX KEY: 0000351834 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-FARM PRODUCT RAW MATERIALS [5150] IRS NUMBER: 000000000 FISCAL YEAR END: 0101 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-59617 FILM NUMBER: 13598928 BUSINESS ADDRESS: STREET 1: 2838 BOVAIRD DRIVE WEST CITY: BRAMPTON STATE: A6 ZIP: L7A 0H2 BUSINESS PHONE: (905) 455-1990 MAIL ADDRESS: STREET 1: 2838 BOVAIRD DRIVE WEST CITY: BRAMPTON STATE: A6 ZIP: L7A 0H2 FORMER COMPANY: FORMER CONFORMED NAME: SUNOPTA INC DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: STAKE TECHNOLOGY LTD DATE OF NAME CHANGE: 19940901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000909450 IRS NUMBER: 770210467 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 OSGOOD PLACE PENTHOUSE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4159811039 MAIL ADDRESS: STREET 1: 50 OSGOOD PLACE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER COMPANY: FORMER CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL DATE OF NAME CHANGE: 19951108 SC 13G 1 stkl13g123112.htm stkl13g123112

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*


SUNOPTA INC.

(Name of Issuer)


Common Stock

(Title of Class of Securities)


8676EP108

(CUSIP Number)


December 31, 2012

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ x ]

Rule 13d-1(b)

[ x ]

Rule 13d-1(c)

[ ]

Rule 13d-1(d)

*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).

SEC 1745 (01-06)

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

CUSIP No. 8676EP108


 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Gruber and McBaine Capital Management, LLC.


 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

X

 

 

(b)

 


 

3.

SEC Use Only ............................................................................................................................................


 

4.

Citizenship or Place of Organization

California


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

 

 

5.

Sole Voting Power 0


6.

Shared Voting Power 180,842


7.

Sole Dispositive Power 0


8.

Shared Dispositive Power

180,842


 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person 180,842


 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................


 

11.

Percent of Class Represented by Amount in Row (9) 0.3 %


 

12.

Type of Reporting Person (See Instructions) IA & OO


 

CUSIP No. 8676EP108


 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Jon D. Gruber


 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

X

 

 

(b)

 


 

3.

SEC Use Only ............................................................................................................................................


 

4.

Citizenship or Place of Organization

United States


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

 

 

5.

Sole Voting Power 1,654,414


6.

Shared Voting Power 180,842


7.

Sole Dispositive Power 1,654,414


8.

Shared Dispositive Power 180,842


 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person 1,835,256


 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................


 

11.

Percent of Class Represented by Amount in Row (9) 2.8%


 

12.

Type of Reporting Person (See Instructions) IN


CUSIP No. 8676EP108


 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
J. Patterson McBaine


 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

X

 

 

(b)

 


 

3.

SEC Use Only ............................................................................................................................................


 

4.

Citizenship or Place of Organization

United States


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

 

 

5.

Sole Voting Power 815,789


6.

Shared Voting Power 180,842


7.

Sole Dispositive Power 815,789


8.

Shared Dispositive Power 180,842


 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person 996,631


 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................


 

11.

Percent of Class Represented by Amount in Row (9) 1.5%


 

12.

Type of Reporting Person (See Instructions) IN



Item 1.

 

(a)

Name of Issuer:

SUNOPTA INC.

 

(b)

Address of Issuer's Principal Executive Offices:

2838 Bovaird Drive West

Brampton, Ontario L7A 0H2, Canada

 

Item 2.

 

(a)

Name of Person Filing:

Gruber & McBaine Capital Management, LLC ("GMCM")

Jon D. Gruber ("Gruber")

J. Patterson McBaine ("McBaine")

 

(b)

Address of Principal Business Office or, if none, Residence:

234 Van Ness Avenue, Suite 5, San Francisco, CA 94102

 

(c)

Citizenship: See item 4 of cover sheet.

 

(d)

Title of Class of Securities: Common Stock

 

(e)

CUSIP Number: 8676EP108

 

Item 3.

If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

[ ]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

[ ]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

[ ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

[ ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

(e)

[x]

An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);

 

(f)

[ ]

An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);

 

(g)

[ ]

A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);

 

(h)

[ ]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

[ ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

[ ]

Group, in accordance with 240.13d-1(b)(1)(ii)(J).

 

Item 4.

Ownership.

See Items 5-9 and 11 of the cover page for each Filer.

 

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 of 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.

GMCM is a registered investment advisor whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Stock. Gruber & McBaine are the Managers, controlling persons and portfolio managers of GMCM. No individual clients holdings of the Stock are more than five percent of the outstanding Stock. Lagunitas is an investment limited partnerships of which GMCM is the general partner.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not Applicable

 

Item 8.

Identification and Classification of Members of the Group

GMCM, Gruber, McBaine constitute a group within the meaning of Rule 13d-5(b). Lagunitas is not a member of any group and disclaims beneficial ownership of the securities with respect to its ownership is reposited.

 

Item 9.

Notice of Dissolution of Group

Not Applicable

 

Item 10.

Certification

(a)

The following certification shall be included with respect to GMCM:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

(b)

The following certification shall be included with respect to Gruber and McBaine:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

Dated: February 12, 2013

Gruber & McBaine Capital Management, LLC

By: /s/ J. Patterson McBaine

Title: Manager

 

/s/ Jon D. Gruber

Jon D. Gruber

/s/ J. Patterson McBaine

J. Patterson McBaine

Attention:

Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)