Amendment No. 1
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G
Under the Securities Exchange Act of 1934

(Amendment No. 1)*
 


 
The Great Atlantic and Pacific Tea Company, Inc.
(Name of Issuer)
 
Common Stock, $1.00 par value per share
(Title of Class of Securities)
 
 
390064103
  
 
(CUSIP Number)
  
     
 
December 31, 2005
  
(Date of Event Which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
 
  [  ]
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 disclosure 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.)


     
CUSIP No.  390064103
13G
Page 2 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    Goodwood Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Ontario, Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
    0
 

6

SHARED VOTING POWER
    1,048,500
 

7

SOLE DISPOSITIVE POWER   
    0
 

8

SHARED DISPOSITIVE POWER   
    1,048,500
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
    1,048,500
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    2.6%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    CO
 
 


     
CUSIP No.  390064103
13G
Page 3 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    1354037 Ontario Inc.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Ontario, Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
    0
 

6

SHARED VOTING POWER
    1,048,500
 

7

SOLE DISPOSITIVE POWER   
    0
 

8

SHARED DISPOSITIVE POWER   
    1,048,500
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
    1,048,500
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    2.6%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    CO
 
 


     
CUSIP No.  390064103
13G
Page 4 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    Goodwood Fund
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
    584,700
 

6

SHARED VOTING POWER
    0
 

7

SOLE DISPOSITIVE POWER   
    584,700
 

8

SHARED DISPOSITIVE POWER   
    0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
    584,700
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    1.4%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    IV
 
 


     
CUSIP No.  390064103
13G
Page 5 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    Arrow Goodwood Fund
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
    247,300
 

6

SHARED VOTING POWER
    0
 

7

SOLE DISPOSITIVE POWER   
    247,300
 

8

SHARED DISPOSITIVE POWER   
    0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
    247,300
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    0.6%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    IV
 
 


     
CUSIP No.  390064103
13G
Page 6 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    Goodwood Capital Fund
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
   58,100
 

6

SHARED VOTING POWER
    0
 

7

SOLE DISPOSITIVE POWER   
   58,100
 

8

SHARED DISPOSITIVE POWER   
    0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   58,100
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    0.1%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    IV
 
 


     
CUSIP No.  390064103
13G
Page 7 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    The Goodwood Fund 2.0 Ltd.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Cayman Islands
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
   150,000
 

6

SHARED VOTING POWER
    0
 

7

SOLE DISPOSITIVE POWER   
   150,000
 

8

SHARED DISPOSITIVE POWER   
    0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   150,000
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    0.4%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    IV
 
 


     
CUSIP No.  390064103
13G
Page 8 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    KBSH Goodwood Canadian Long/Short Fund
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
   8,400
 

6

SHARED VOTING POWER
    0
 

7

SOLE DISPOSITIVE POWER   
   8,400
 

8

SHARED DISPOSITIVE POWER   
    0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   8,400
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    Less than 0.1%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    IV
 
 


     
CUSIP No.  390064103
13G
Page 9 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    Peter H. Puccetti
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
   0
 

6

SHARED VOTING POWER
    1,048,500
 

7

SOLE DISPOSITIVE POWER   
   0
 

8

SHARED DISPOSITIVE POWER   
    1,048,500
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   1,048,500
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    2.6%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    IN
 
 


     
CUSIP No.  390064103
13G
Page 10 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
    J. Cameron MacDonald
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
   4,800
 

6

SHARED VOTING POWER
    1,059,400
 

7

SOLE DISPOSITIVE POWER   
   4,800
 

8

SHARED DISPOSITIVE POWER   
    1,059,400
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   1,064,200
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    2.6%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    IN
 
 


     
CUSIP No.  390064103
13G
Page 11 of 19 Pages
 

   
1
NAME OF REPORTING PERSON       I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only):
 
   628088 BC Ltd.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) ý
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
    British Columbia, Canada
 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 

5

SOLE VOTING POWER
   10,900
 

6

SHARED VOTING POWER
    0
 

7

SOLE DISPOSITIVE POWER   
   10,900
 

8

SHARED DISPOSITIVE POWER   
    0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   10,900
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
    N/A
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
    Less than 0.1%
 
12
TYPE OF REPORTING PERSON (See Instructions)
    CO
 
 
 
 
Item 1.
 
(a)  
Name of Issuer:
 
The Great Atlantic and Pacific Tea Company, Inc.
 
(b)  
Address of Issuer's Principal Executive Offices:
 
2 Paragon Drive, Montvale, New Jersey 07645
 
Item 2.
 
(a)  
Name of Person Filing:
 
This statement is being filed by (i) Goodwood Fund (“Fund”) with respect to shares of common stock, $1.00 par value per share (“Shares”), of the Issuer beneficially owned by it; (ii) Arrow Goodwood Fund (“Arrow”) with respect to Shares beneficially owned by it; (iii) Goodwood Capital Fund (“Capital Fund”) with respect to Shares beneficially owned by it; (iv) The Goodwood Fund 2.0 Ltd. (“2.0”) with respect to Shares beneficially owned by it; (v) KBSH Goodwood Canadian Long/Short Fund (“KBSH”) with respect to Shares beneficially owned by it; (vi) Goodwood Inc. (“Goodwood”) with respect to Shares beneficially owned by Fund, Arrow, Capital Fund, 2.0 and KBSH; (vii) 1354037 Ontario Inc. (“Ontario”) with respect to Shares beneficially owned by Goodwood; (viii) Peter H. Puccetti (“Puccetti”) with respect to Shares beneficially owned by Ontario; (ix) 620088 BC Limited (“BC”) with respect to shares beneficially owned by it and (x) J. Cameron MacDonald (“MacDonald”) with respect to Shares beneficially owned by Ontario and BC. Each of Goodwood, Ontario, Puccetti and MacDonald disclaims beneficial ownership of the securities covered by this statement.
 
(b)  
Address of Principal Business Office or, if none, Residence:
 
The principal business address of Fund, Capital Fund, Arrow, 2.0, KBSH, Goodwood, Ontario, Puccetti, BC and MacDonald is 212 King Street West, Suite 201, Toronto, Canada M5H 1K5.
 
(c)  
Citizenship:
 
Each of Fund, Arrow, Capital Fund and KBSH is a Canadian mutual fund trust and 2.0 is a Cayman Islands limited liability company. Each of Puccetti and MacDonald is a Canadian citizen. BC is a British Columbia corporation. Each of Ontario and Goodwood is an Ontario corporation.
 
(d)  
Title of Class of Securities:
 
Common Stock, $1.00 par value per share.
 
(e)  
CUSIP Number:
 
390064103
 
Item 3.
  
 
Not Applicable.
 


Item 4.
Ownership
 
The percentages used herein are calculated based upon the 40,838,237 Shares issued and outstanding as of October 11, 2005, as reported on the Issuer’s Quarterly Report on Form 10-Q with respect to the quarter ended September 10, 2005, as filed with the Securities and Exchange Commission.
 
As of December 31, 2005:
 
 
1.  
Goodwood Inc.
(a)  
 Amount beneficially owned: 1,048,500
(b)  
 Percent of class: 2.6%
(c)  
 (i)   Sole power to vote or direct the vote: 0
(ii)  
Shared power to vote or direct the vote: 1,048,500
(iii)  
Sole power to dispose or direct the disposition: 0
(iv)  
Shared power to dispose or direct the disposition: 1,048,500
 
2.  
1354037 Ontario Inc.
(a)  
 Amount beneficially owned: 1,048,500
(b)  
 Percent of class: 2.6%
(c)  
 (i)   Sole power to vote or direct the vote: 0
(ii)  
Shared power to vote or direct the vote: 1,048,500
(iii)  
Sole power to dispose or direct the disposition: 0
(iv)  
Shared power to dispose or direct the disposition: 1,048,500
 
3.  
Goodwood Fund
(a)  
 Amount beneficially owned: 584,700
(b)  
 Percent of class: 1.4%
(c)  
 (i)   Sole power to vote or direct the vote: 584,700
(ii)  
Shared power to vote or direct the vote: 0
(iii)  
Sole power to dispose or direct the disposition: 584,700
(iv)  
Shared power to dispose or direct the disposition: 0
 
4.  
Arrow Goodwood Fund
(a)  
 Amount beneficially owned: 247,300
(b)  
 Percent of class: 0.6%
(c)  
 (i)   Sole power to vote or direct the vote: 247,300
(ii)  
Shared power to vote or direct the vote: 0
(iii)  
Sole power to dispose or direct the disposition: 247,300
(iv)  
Shared power to dispose or direct the disposition: 0
 
5.  
Goodwood Capital Fund
(a)  
 Amount beneficially owned: 58,100
(b)  
 Percent of class: 0.1%
(c)  
 (i)   Sole power to vote or direct the vote: 58,100
(ii)  
Shared power to vote or direct the vote: 0
(iii)  
Sole power to dispose or direct the disposition: 58,100
(iv)  
Shared power to dispose or direct the disposition: 0
 
6.  
The Goodwood Fund 2.0 Ltd.
(a)  
 Amount beneficially owned: 150,000
(b)  
 Percent of class: 0.4%
(c)  
 (i)   Sole power to vote or direct the vote: 150,000
(ii)  
Shared power to vote or direct the vote: 0
(iii)  
Sole power to dispose or direct the disposition: 150,000
(iv)  
Shared power to dispose or direct the disposition: 0



7.  
KBSH Goodwood Canadian Long/Short Fund
(a)  
 Amount beneficially owned: 8,400
(b)  
 Percent of class: Less than 0.1%
(c)  
 (i)   Sole power to vote or direct the vote: 8,400
(ii)  
Shared power to vote or direct the vote: 0
(iii)  
Sole power to dispose or direct the disposition: 8,400
(iv)  
Shared power to dispose or direct the disposition: 0
 
8.  
Peter H. Puccetti
(a)  
 Amount beneficially owned: 1,048,500
(b)  
 Percent of class: 2.6%
(c)  
 (i)   Sole power to vote or direct the vote: 0
(ii)  
Shared power to vote or direct the vote: 1,048,500
(iii)  
Sole power to dispose or direct the disposition: 0
(iv)  
Shared power to dispose or direct the disposition: 1,048,500
 
9.  
J. Cameron MacDonald
(a)  
 Amount beneficially owned: 1,064,200
(b)  
 Percent of class: 2.6%
(c)  
 (i)   Sole power to vote or direct the vote: 4,800
(ii)  
Shared power to vote or direct the vote: 1,059,400
(iii)  
Sole power to dispose or direct the disposition: 4,800
(iv)  
Shared power to dispose or direct the disposition: 1,059,400
 
10.  
620088 BC Limited
(a)  
 Amount beneficially owned: 10,900
(b)  
 Percent of class: Less than 0.1%
(c)  
 (i)   Sole power to vote or direct the vote: 10,900
(ii)  
Shared power to vote or direct the vote: 0
(iii)  
Sole power to dispose or direct the disposition: 10,900
(iv)  
Shared power to dispose or direct the disposition: 0

Goodwood does not directly own any Shares. Rather, Goodwood is the sole investment manager of each of Fund, Arrow, Capital Fund, 2.0 and KBSH. Ontario Inc. owns all of the capital stock of Goodwood. Messrs. Puccetti and MacDonald control Ontario. Mr. MacDonald is the sole owner of BC. BC directly owns 10,900 Shares. Mr. MacDonald directly owns 4,800 Shares.

 
Item 5.
Ownership 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 ¨.
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person
 
 
Not Applicable.
 
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
 
Not Applicable.
 
Item 9.
Notice of Dissolution of Group
 
Not Applicable
 
Item 10.
Certification
 
 
By signing below the signatory certifies that, to be best of his or its 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 14, 2006
 

GOODWOOD INC.
  
     
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
     
     
1354037 ONTARIO INC.
  
   
By:
/s/ J. Cameron MacDonald
  
Name:
J. Cameron MacDonald
  
Title:
Authorized Person
  
   
   
GOODWOOD FUND
  
   
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
 
   
   
ARROW GOODWOOD FUND
  
   
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
   
   
GOODWOOD CAPITAL FUND
  
   
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
   
   
THE GOODWOOD FUND 2.0 LTD.
  
   
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  




KBSH GOODWOOD CANADIAN LONG/SHORT FUND
  
   
By:
/s/ Peter H. Puccetti
  
Name:
Peter H. Puccetti
  
Title:
Authorized Person
  
   
   
PETER H. PUCCETTI 
  
   
   
/s/ Peter H. Puccetti
  
   
   
J. CAMERON MACDONALD 
  
   
   
/s/ J. Cameron MacDonald
  
 
  
   
628088 BC LTD.
  
   
By:
/s/ J. Cameron MacDonald
  
Name:
J. Cameron MacDonald
  
Title:
Authorized Person