We present the third part of our atlas of high-precision flux-calibrat
ed optical spectrophotometry of SN 1987A obtained at the 0.61 m Bochum
telescope. Here we cover days 158-314. The evolution of the spectra d
uring the transition of the supernova from the stellar to the nebular
phase is described. We give line luminosities, equivalent widths and r
adial velocities for the most important lines. Finally, we investigate
the stratification of the expanding envelope.