CUSIP No.453096208
Page 2 of 5 Pages
1
NAME OF REPORTING PERSON
GRASVENOR LIMITED
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ??
(b) ??
3
SEC USE ONLY
4
SOURCE OF FUNDS
BK
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d)or 2(e)??
6
CITIZENSHIP OR PLACE OF ORGANIZATION
BAHAMAS
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
646,495
8
SHARED VOTING POWER
0
9
SOLE DIPOSITIVE POWER
646,495
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5.29%
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE
INSTRUCTIONS) ??
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.29%
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
CUSIP No. 453096208
Page 3 of 5 Pages
1
NAME OF REPORTING PERSON
GRASVENOR LIMITED
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ??
(b) ??
3
SEC USE ONLY
4
SOURCE OF FUNDS
BK
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
Or
2(e)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
BAHAMAS
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
646,495
8
SHARED VOTING POWER
9
SOLE DISPOSITIVE POWER
646,495
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5.29%
12
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE
INSTRUCTIONS) ??
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.29%
14
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
Item 1.
Security and the Issuer
This Schedule 13D relates to the shares of Common Stock of Imperial Sugar
(the Issuer). Unless the context otherwise requires, references herein to
the Common Stock are to such Common Stock of the Issuer. The principal executive
offices of the Issuer are located at One Imperial Square, P.O. Box 9,
Sugar Land, Texas 77487, (281) 491-9181
Item 2.
Identity and Background
(a)This Schedule 13D is being filed by Grasvenor Limited, a Bahamas
International Business Company.
(b)The principal business address of the company is Bayside Executive
Park,Building No.1, Blake Road & West Bay Street, P.O. Box SP 63131,
Nassau, Bahamas.
(c)The principal business of the company is to serve as vehicle for investments
in the equity capital market. Tia River Corp. and Mehi River Corp. are
Directors of the company. Mark Richford and Katrina Montgomery are directors
of both Tia River Corp. and Mehi River Corp.
(d)-(e)During the last five years,none of the Reporting Persons (i)has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors)or (ii)has been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree, or final order enjoining
future violations of, or prohibiting or mandating activities subject to,federal
or state securities laws or finding any violation with respect to such laws.
(f)Mr. Mark Richford is a citizen of The United Kingdom and Mrs. Katrina
Montgomery is a citizen of Commonwealth of The Bahamas.
Item 3.
Source and Amount of Funds or Other Consideration.
The company expended an aggregate of approximately $3,904,892 of their own
investment capital in open market transactions to acquire 646,495 shares of
Common Stock.
Item 4.
Purpose of Transaction.
The company acquired their shares of Common Stock subject to this
Schedule 13D for investment purposes.
Except as set forth herein, including in any Exhibits hereto, the Reporting
Persons have no present plans or proposals that relate to or would result in
any of the matters set forth in subparagraphs (a) ? (j) of Item 4 of
Schedule 13D. The Reporting Persons intend to review their investment in the
Issuer on a continuing basis and may engage in communications with other
stockholders of the Issuer, knowledgeable industry or market observers, members
of the Board of Directors or management of the Issuer or other representatives
of the Issuer, or other persons, regarding the Issuer, including but not limited
to its operations, strategy, management, capital structure and the strategic
alternatives that may be available to the Issuer. Such discussions may concern
ideas or proposals that,if effected, may result in one or more of the events
described in Item 4 of Schedule 13D, including but not limited to the
acquisition or disposition by the company or other persons of shares of
Common Stock, changing operating or market strategies of the Issuer,
the adoption or elimination by the Issuer of certain types of
anti-takeover measures, changes to the Issuer's governing documents, revisions
to the Issuer's capitalization or dividend policy, extraordinary corporate
transactions involving the Issuer or subsidiaries of the Issuer, and/or further
changes in the Board of Directors or management of the Issuer.
Item 5.
Interest in Securities of the Issuer.
(a)As of the date of this Schedule 13D, the Reporting Persons beneficially
own an aggregate of 646,495 shares of Common Stock. The Shares represent 5.29%
of the Common Stock outstanding. Percentages of the Common Stock outstanding
reported in this Schedule 13D are calculated based upon the 12,223,978 shares
of Common Stock issued and outstanding as of September 30, 2011, as reported in
the 10-K filed by the Issuer with the Securities and Exchange Commission on
January 5, 2012.
(b)Each of the Reporting Persons shares voting and dispositive power over
The shares of Common Stock held directly by the company.
(c)Set forth on Schedule I hereto are all transactions in the Common
Stock effected during the past sixty days prior to the disclosure
requirement by the Reporting Persons.
(c)Other than the company that directly hold shares of Common Stock, and except
as set forth in this Item 5, no other person is known to have the right to
receive,or the power to direct the receipt of, dividends from or proceeds from
the sale, of the Shares.
(e)Not applicable.
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between the Reporting Persons and any other person with
respect to the securities of the Issuer.
Item 7.
Material to be filed as Exhibits.
None.
SCHEDULE I
This Schedule sets forth information with respect to each purchase and sale of
Shares which was effectuated by a Reporting Person during the past sixty days
prior to the filing requirement.Unless otherwise indicated, all transactions
were effectuated in the open market through a broker.
Trade Date
Shares Purchased
(Sold)
Price Per Share
($)
09/02/2012
333,334
5.40423
10/02/2012
71,065
6.58538
13/02/2012
200,000
6.96163
17/02/2012
2,096
5.34193
17/02/2012
20,000
5.82211
23/02/2012
802
5.60
29/02/2012
9,198
5.60
29/02/2012
10,000
5.9521
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