UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G/A
Under
the Securities Exchange Act of 1934
(Amendment
No. 2)*
Retail
Opportunity Investments Corp.
-------------------------------------------------------------------------------
(Name of
Issuer)
Common
Stock
-------------------------------------------------------------------------------
(Title of
Class of Securities)
76131N101
----------------------------------------
(CUSIP
Number)
December
31, 2009
-------------------------------------------------------------------------------
(Date of
Event Which Requires Filing of this Statement)
Check the
appropriate box to designate the rule pursuant to which this Schedule 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
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).
Persons
who respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMD control
number.
SEC 1745
(3-06)
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CUSIP
No. 76131N101
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1
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Names
of Reporting Persons
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Glenhill
Advisors, LLC
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2
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Check
the Appropriate Box if a Member of a Group (See
Instructions)
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(a) [ ]
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(b) [
X ]
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3
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SEC
Use Only
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4
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Citizenship
or Place of Organization
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Delaware
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Number
of
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5
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Sole Voting
Power 5,995,000
(consisting of 3,395,000 shares of common stock and warrants to purchase
2,600,000 shares of common stock)
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Shares
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Beneficially
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6
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Shared Voting
Power 0
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Owned
by
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Each
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7
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Sole Dispositive
Power 5,995,000
(consisting of 3,395,000 shares of common stock and warrants to purchase
2,600,000 shares of common stock)
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Reporting
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Person
With:
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8
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Shared Dispositive
Power 0
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9
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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5,995,000
(consisting of 3,395,000 shares of common stock and warrants to purchase
2,600,000 shares of common stock)
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10
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11
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Percent
of Class Represented by Amount in Row (9)
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13.59%
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12
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Type
of Reporting Person (See Instructions)
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IA,
HC
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CUSIP
No. 76131N101
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1
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Names
of Reporting Persons
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Glenn
J. Krevlin
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---------------------------------------------------------------------------------------------------------------------------------
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2
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Check
the Appropriate Box if a Member of a Group(See
Instructions)
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(a) [ ]
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(b) [
X ]
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3
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SEC
Use Only
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4
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Citizenship
or Place of Organization
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United
States
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Number
of
|
5
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Sole Voting
Power 5,995,000
(consisting of 3,395,000 shares of common stock and warrants to purchase
2,600,000 shares of common stock)
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---------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Shares
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Beneficially
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6
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Shared Voting
Power 0
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Owned
by
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Each
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7
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Sole Dispositive
Power 5,995,000 (consisting of
3,395,000 shares of common stock and warrants to purchase 2,600,000 shares
of common stock)
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Reporting
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Person
With:
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8
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Shared Dispositive
Power 0
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-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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9
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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5,995,000
(consisting of 3,395,000 shares of common stock and warrants to purchase
2,600,000 shares of common stock)
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-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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10
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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11
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Percent
of Class Represented by Amount in Row (9)
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13.59%
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12
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Type
of Reporting Person (See Instructions)
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IN,
HC
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------------------------------------------------------------
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CUSIP
No. 76131N101
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------------------------------------------------------------
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---------------------------------------------------------------------------------------------------------------------------------
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1
|
Names
of Reporting Persons
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Glenhill
Capital Management, LLC
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2
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Check
the Appropriate Box if a Member of a Group(See
Instructions)
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(a) [ ]
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(b) [
X ]
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---------------------------------------------------------------------------------------------------------------------------------
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3
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SEC
Use Only
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---------------------------------------------------------------------------------------------------------------------------------
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4
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Citizenship
or Place of Organization
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Delaware
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Number
of
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5
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Sole Voting
Power 0
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---------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Shares
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|||
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Beneficially
|
6
|
Shared Voting
Power 5,995,000
(consisting of 3,395,000 shares of common stock and warrants to purchase
2,600,000 shares of common stock)
|
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Owned
by
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Each
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7
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Sole Dispositive
Power 0
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-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Reporting
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Person
With:
|
8
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Shared Dispositive
Power 5,995,000 (consisting of 3,395,000
shares of common stock and warrants to purchase 2,600,000 shares of common
stock)
|
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-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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9
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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5,995,000
(consisting of 3,395,000 shares of common stock and warrants to purchase
2,600,000 shares of common stock)
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------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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10
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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11
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Percent
of Class Represented by Amount in Row (9)
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13.59%
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12
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Type
of Reporting Person (See Instructions)
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IA,
HC
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-----------------------------------------------------------
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CUSIP
No. 76131N101
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------------------------------------------------------------
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---------------------------------------------------------------------------------------------------------------------------------
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|||
|
1
|
Names
of Reporting Persons
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Glenhill
Capital, LP
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---------------------------------------------------------------------------------------------------------------------------------
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2
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Check
the Appropriate Box if a Member of a Group(See
Instructions)
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(a) [ ]
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(b) [
X ]
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---------------------------------------------------------------------------------------------------------------------------------
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3
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SEC
Use Only
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---------------------------------------------------------------------------------------------------------------------------------
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4
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Citizenship
or Place of Organization
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Delaware
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---------------------------------------------------------------------------------------------------------------------------------
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Number
of
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5
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Sole Voting
Power 0
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---------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Shares
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Beneficially
|
6
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Shared Voting
Power 3,237,300
(consisting of 1,833,300 shares of common stock and warrants to purchase
1,404,000 shares of common stock)
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Owned
by
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Each
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7
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Sole Dispositive
Power 0
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Reporting
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Person
With:
|
8
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Shared Dispositive
Power 3,237,300 (consisting of 1,833,300
shares of common stock and warrants to purchase 1,404,000 shares of common
stock)
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------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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9
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Aggregate
Amount Beneficially Owned by Each Reporting Person
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3,237,300
(consisting of 1,833,300 shares of common stock and warrants to purchase
1,404,000 shares of common stock)
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------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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10
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|
11
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Percent
of Class Represented by Amount in Row (9)
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7.54%
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------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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12
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Type
of Reporting Person (See Instructions)
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PN
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-----------------------------------------------------------
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CUSIP
No. 76131N101
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-----------------------------------------------------------
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---------------------------------------------------------------------------------------------------------------------------------
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1
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Names
of Reporting Persons
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Glenhill
Capital Overseas Master Fund, LP
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---------------------------------------------------------------------------------------------------------------------------------
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2
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Check
the Appropriate Box if a Member of a Group(See
Instructions)
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|
(a) [ ]
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(b) [
X ]
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---------------------------------------------------------------------------------------------------------------------------------
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3
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SEC
Use Only
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---------------------------------------------------------------------------------------------------------------------------------
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4
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Citizenship
or Place of Organization
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Cayman
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Number
of
|
5
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Sole Voting
Power 0
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---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Shares
|
|||
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Beneficially
|
6
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Shared Voting
Power 2,757,700
(consisting of 1,561,700 shares of common stock and warrants to purchase
1,196,000 shares of common stock)
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---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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Owned
by
|
|||
|
Each
|
7
|
Sole Dispositive
Power 0
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---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|||
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Reporting
|
|||
|
Person
With:
|
8
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Shared Dispositive
Power 2,757,700 (consisting of 1,561,700
shares of common stock and warrants to purchase 1,196,000 shares of common
stock)
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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9
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
|
||
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2,757,700
(consisting of 1,561,700 shares of common stock and warrants to purchase
1,196,000 shares of common stock)
|
|||
|
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
|||
|
10
|
Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
|
||
|
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|
|||
|
11
|
Percent
of Class Represented by Amount in Row (9)
|
||
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6.40%
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----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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12
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Type
of Reporting Person (See Instructions)
|
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PN
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Item
1(a).
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Name
of Issuer:
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Retail
Opportunity Investments Corp.
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Item
1(b).
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Address
of Issuer's Principal Executive Offices:
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3
Manhattanville Road
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Purchase,
New York 10577
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Item
2(a).
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Name
of Person Filing:
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Glenhill
Advisors, LLC, Glenn J. Krevlin, Glenhill Capital Management, LLC,
Glenhill Capital LP and Glenhill Capital Oversears Master Fund,
LP.
Glenn
J. Krevlin is the managing member and control person of Glenhill Advisors,
LLC. Glenhill Advisors, LLC is the managing member of Glenhill
Capital
Management, LLC. Glenhill Capital Management, LLC is the
general partner and investment advisor of Glenhill Capital LP, and sole
shareholder
of
Glenhill Capital Overseas GP, Ltd. Glenhill Capital Overseas
GP, Ltd. is general partner of Glenhill Capital Overseas Master Fund,
LP.
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Item
2(b).
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Address
of Principal Business Office or, if none, Residence:
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156
West 56th
Street, 17th
Floor
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New
York, NY 10019
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Item
2(c).
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Citizenship:
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See
the response(s) to Item 4 on the attached cover
page(s).
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Item
2(d).
|
Title
of Class of Securities:
|
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Common
Stock
|
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Item
2(e).
|
CUSIP
Number:
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76131N101
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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:
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Not
Applicable
|
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Item
4.
|
Ownership.
|
||
|
Provide
the following information regarding the aggregate number and percentage of
the class of securities of the issuer identified in Item 1:
|
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(a)
|
Amount
Beneficially owned:
|
||
|
See
the response(s) to Item 9 on the attached cover
page(s).
|
|||
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(b)
|
Percent
of Class:
|
||
|
See
the response(s) to Item 11 on the attached cover page(s), which was
determined by dividing the number of shares beneficially
held
by the Reporting Person by the denominator derived by
adding the warrants to
purchase shares of Common Stock held by the
Reporting
Person to 41,519,675 (the number of shares of Common Stock issued
and
outstanding as reported in the Issuer's Form 10-Q/A
filed
with the Securities and Exchange Commission on December 16,
2009).
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(c)
|
Number
of shares as to which the person has:
|
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(i)
|
Sole
power to vote or to direct the vote:
|
||
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See
the response(s) to Item 5 on the attached cover
page(s).
|
||
|
(ii)
|
Shared
power to vote or to direct the vote:
|
||
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|
See
the response(s) to Item 6 on the attached cover
page(s).
|
||
|
(iii)
|
Sole
power to dispose or to direct the disposition of:
|
||
|
|
See
the response(s) to Item 7 on the attached cover
page(s).
|
||
|
(iv)
|
Shared
power to dispose or to direct the disposition of:
|
||
|
|
|
See
the response(s) to Item 8 on the attached cover
page(s).
|
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|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
||
|
Not
Applicable.
|
|||
|
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.
|
Certifications.
|
||
|
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.
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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.
|
|
DATE:
|
February
16, 2010
|
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GLENHILL
ADVISORS, LLC
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|
By:
/s/ GLENN J. KREVLIN
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Name:
Glenn J. Krevlin
|
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|
Title: Managing
Member
|
||
|
/s/
GLENN J. KREVLIN
|
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|
Name:
Glenn J. Krevlin
|
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|
GLENHILL
CAPITAL MANAGEMENT, LLC
|
||
|
By: GLENHILL
ADVISORS, LLC
|
||
|
Managing
Member
|
||
|
By:
/s/ GLENN J. KREVLIN
|
||
|
Name: Glenn
J. Krevlin
|
||
|
Title: Managing
Member
GLENHILL CAPITAL
LP
By: GLENHILL CAPITAL MANAGEMENT, LLC
General
Partner
By: /s/ GLENN J. KREVLIN
Name: Glenn J. Krevlin
Title: Managing Member
GLENHILL CAPITAL OVERSEAS
MASTER FUND, LP
By: GLENHILL CAPITAL OVERSEAS GP, LTD.
General
Partner
By: GLENHILL CAPITAL MANAGEMENT, LLC
Sole
Shareholder
By: GLENHILL ADVISORS, LLC
Manging
Member
By: /s/ GLENN J. KREVLIN
Name: Glenn J. Krevlin
Title: Managing Member
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