8-K

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

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  January 2, 2009

SPARTAN STORES, INC.
(Exact Name of Registrant as
Specified in Charter)

Michigan
(State or Other Jurisdiction
of Incorporation) 000-31127
(Commission
File Number) 38-0593940
(IRS Employer
Identification No.)

850 76^th Street, S.W.
P.O. Box 8700
Grand Rapids, Michigan
(Address of Principal Executive Offices)
49518-8700
(Zip Code)

Registrant's telephone number,
including area code:  (616) 878-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

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Item 1.01. Entry into a Material Definitive Agreement.

          On January 2, 2009, Spartan Stores, Inc. (the "Company") entered into an interest rate swap transaction with Wachovia Bank, N.A. ("Wachovia") as part of the Company's risk management strategy.

          Under the terms of the swap, the Company has agreed to pay Wachovia a fixed interest rate of 2.08%, and Wachovia has agreed to pay the Company a floating interest rate (determined with reference to the 1-month LIBOR) on a notional amount of $45 million for a period beginning on January 6, 2009. The parties will settle any difference between the fixed rate and the floating rate on a monthly basis.

          The substantial economic effect of the swap is to convert the variable interest rate payable on $45 million of the Company's debt to an effective fixed rate of 3.33%, which consists of the fixed 2.08% rate plus the current interest rate spread of 1.25% over the one-month LIBOR (based upon current excess availability) that the Company pays on revolving debt pursuant to the Loan and Security Agreement dated December 23, 2003, as amended, by and among the Company and certain subsidiaries as borrowers and the agent and lenders named therein (the "Loan and Security Agreement").

          The interest rate swap expires concurrently with the Loan and Security Agreement on December 24, 2012.

Item 9.01.	Financial Statements and Exhibits.
	(d)	Exhibits:
	10.1	Swap Transaction Confirmation.

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SIGNATURES

                    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:  January 8, 2009	SPARTAN STORES, INC.
	By	/s/ David M. Staples
		David M. Staples Executive Vice President and Chief Financial Officer

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EXHIBIT INDEX

Exhibit Number	Document
10.1	Swap Transaction Confirmation.

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EX-10.1

EXHIBIT 10.1

SWAP TRANSACTION CONFIRMATION

         

Date:	January 05, 2009
To:	Spartan Stores, Inc. ("Counterparty")
Address:	850 76th St. Grand Rapids MI 49518 USA
Email:
Attention:	Bill Jacobs
From:	Wachovia Bank, N.A. ("Wachovia")
Ref. No:

Dear Bill Jacobs:

This confirms the terms of the Transaction described below between Counterparty and Wachovia. The definitions and provisions contained in the 2006 ISDA Definitions, as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern. Fixed Amounts and Floating Amounts for each applicable Payment Date hereunder will be calculated in accordance with the ISDA Definitions, and if any Fixed Amount and Floating Amount are due for the same Payment Date hereunder, then those amounts shall not be payable and instead the Fixed Rate Payer shall pay the positive difference, if any, between the Fixed Amount and the Floating Amount, and the Floating Rate Payer shall pay the positive difference, if any, between the Floating Amount and the Fixed Amount.

1.   The terms of the particular Transaction to which the Confirmation relates are as follows:

Transaction Type:	Interest Rate Swap
Currency for Payments:	U.S. Dollars
Notional Amount:	USD 45,000,000.00
Term:
Trade Date:	January 02, 2009
Effective Date:	January 06, 2009
Termination Date:	December 24, 2012, subject to adjustment in accordance with the Modified Following Business Day Convention.
Fixed Amounts:
Fixed Rate Payer:	Counterparty
Payment Dates:	Monthly on the 24th of each month commencing January 26, 2009, through and including the Termination Date
Business Day Convention:	Modified Following
Business Day:	New York
Fixed Rate:	2.08%
Fixed Rate Day Count Fraction:	Actual/360

Wachovia:

2/3

Floating Amounts:
Floating Rate Payer:	Wachovia
Payment Dates:	Monthly on the 24th of each month commencing January 26, 2009, through and including the Termination Date
Business Day Convention:	Modified Following
Business Day:	New York
Floating Rate for initial	0.43%
Calculation Period:
Floating Rate Option:	USD-LIBOR-BBA
Designated Maturity:	1 Month
Spread:	None
Floating Rate Day Count	Actual/360
Fraction:
Floating Rate determined:	Two London Banking Days prior to each Reset Date.
Reset Dates:	The first day of each Calculation Period.
Compounding:	Inapplicable
Rounding convention:	5 decimal places per the ISDA Definitions.

2.   The additional provisions of this Confirmation are as follows:

Calculation Agent:	Wachovia
Payment Instructions:	Wachovia Bank, N.A.
Wachovia Contacts:	Settlement and/or Rate Resets: 1-800-249-3865 1-704-383-8429 Documentation: Tel: (704) 715-7051 Fax: (704) 383-9139 Collateral: Tel: (704) 383-9529 Please quote transaction reference number.
Payments to Counterparty:	Per your standing payment instructions or debit authorization if provided to Wachovia, as relevant. If not provided, please contact us in order for payment to be made. Phone:  1-800-249-3865 Fax: 1-704-383-8429

Documentation

This Confirmation supplements, forms part of, and is subject to, the Master Agreement between Wachovia and Counterparty dated as of December 12, 2008, as amended and supplemented from time to time (the "ISDA Master Agreement"). All provisions contained or incorporated by reference in the ISDA Master Agreement will govern this Confirmation except as expressly modified herein.

Wachovia:

3/3

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing a copy of this Confirmation and returning it to us.

Very truly yours, Wachovia Bank, N.A.
By:	/s/ Tracey Bissell
Name: Tracey Bissell Title: Vice President
Ref. No.

Accepted and Confirmed as of date first written above: Spartan Stores, Inc.
By:	/s/ Bill Jacobs
Name:	Bill Jacobs
Title:	Corporate Treasurer

Wachovia: