-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GWba8TbZMjT3WqgTiEloUBT0gsssdF4R+HHkV8wdsvNUqiYFm8sNjnNGjmbY1BVj wCFRRd3+vXYbp/LdyDw6cA== 0000905148-07-002439.txt : 20070319 0000905148-07-002439.hdr.sgml : 20070319 20070319170420 ACCESSION NUMBER: 0000905148-07-002439 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070319 DATE AS OF CHANGE: 20070319 GROUP MEMBERS: MR. KENNEY OH GROUP MEMBERS: MR. MUNISH PURI GROUP MEMBERS: SARAS CAPITAL PARTNERS II, LP GROUP MEMBERS: SARAS CAPITAL PARTNERS OFFSHORE MASTER FUND LTD. GROUP MEMBERS: SARAS CAPITAL PARTNERS, LP GROUP MEMBERS: SARAS CAPITAL, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRAVELCENTERS OF AMERICA LLC CENTRAL INDEX KEY: 0001378453 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 205701514 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82539 FILM NUMBER: 07704042 BUSINESS ADDRESS: STREET 1: 400 CENTRE STREET CITY: NEWTON STATE: MA ZIP: 02458 BUSINESS PHONE: 617-964-8389 MAIL ADDRESS: STREET 1: 400 CENTRE STREET CITY: NEWTON STATE: MA ZIP: 02458 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Saras Capital Management, LLC CENTRAL INDEX KEY: 0001389942 IRS NUMBER: 202538973 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 10 ROCKEFELLER PLAZA, SUITE 820 CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 212-332-4785 MAIL ADDRESS: STREET 1: 10 ROCKEFELLER PLAZA, SUITE 820 CITY: NEW YORK STATE: NY ZIP: 10020 SC 13G 1 efc7-1015_sc13g.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - ------------------------------------------------------------------------------ SCHEDULE 13G Under the Securities Exchange Act of 1934 TravelCenters of America LLC (Name of Issuer) Common Stock, $0.00001 par value per share ----------------------------------------------------- (Title of Class of Securities) 894174101 ------------------------ (CUSIP Number) March 8, 2007 ------------------------ (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). Continued on following pages Page 1 of 15 pages Exhibit Index: page 14
CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Saras Capital, LLC - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person With 6. Shared Voting Power 450,300 --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person PN - ---------------------------------------------------------------------------------------------------------------------- Continued on following pages Page 2 of 15 pages Exhibit Index: page 14 CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Saras Capital Management, LLC - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person 6. Shared Voting Power 450,300 With --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person OO - ---------------------------------------------------------------------------------------------------------------------- Continued on following pages Page 3 of 15 pages Exhibit Index: page 14 CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Saras Capital Partners, LP - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person 6. Shared Voting Power 450,300 With --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person OO - ---------------------------------------------------------------------------------------------------------------------- Continued on following pages Page 4 of 15 pages Exhibit Index: page 14 CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Saras Capital Partners II, LP - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person 6. Shared Voting Power 450,300 With --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person PN - ---------------------------------------------------------------------------------------------------------------------- Continued on following pages Page 5 of 15 pages Exhibit Index: page 14 CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Saras Capital Partners Offshore Master Fund Ltd. - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Cayman Islands - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person 6. Shared Voting Power 450,300 With --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person CO - ---------------------------------------------------------------------------------------------------------------------- Continued on following pages Page 6 of 15 pages Exhibit Index: page 14 CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Saras Capital Partners Offshore Ltd. - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Cayman Islands - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person 6. Shared Voting Power 450,300 With --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person CO - ---------------------------------------------------------------------------------------------------------------------- Continued on following pages Page 7 of 15 pages Exhibit Index: page 14 CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Mr. Kenney Oh - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States of America - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person 6. Shared Voting Power 450,300 With --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person HC - ---------------------------------------------------------------------------------------------------------------------- Continued on following pages Page 8 of 15 pages Exhibit Index: page 14 CUSIP No. 894174101 - ---------------------------------------------------------------------------------------------------------------------- 1. Names of Reporting Persons. Mr. Munish Puri - ---------------------------------------------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [X] (b) [ ] - ---------------------------------------------------------------------------------------------------------------------- 3. SEC Use Only - ---------------------------------------------------------------------------------------------------------------------- 4. Citizenship or Place of Organization India - ---------------------------------------------------------------------------------------------------------------------- Number of Shares 5. Sole Voting Power None Beneficially Owned by --------------------------------------------------------------------------------------------- Each Reporting Person 6. Shared Voting Power 450,300 With --------------------------------------------------------------------------------------------- 7. Sole Dispositive Power None --------------------------------------------------------------------------------------------- 8. Shared Dispositive Power 450,300 - ---------------------------------------------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300 - ---------------------------------------------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - ---------------------------------------------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.11%, based on 8,809,000 shares of common stock outstanding as of December 31, 2006. - ---------------------------------------------------------------------------------------------------------------------- 12. Type of Reporting Person HC - ----------------------------------------------------------------------------------------------------------------------
Continued on following pages Page 9 of 15 pages Exhibit Index: page 14 Item 1(a). Name of Issuer: TravelCenters of America LLC Item 1(b). Address of Issuer's Principal Executive Offices: 24601 Center Ridge Road Westlake, Ohio 44145 Item 2(a). Name of Person Filing This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Saras Capital, LLC ("Saras Capital") ; ii) Saras Capital Management, LLC ("Saras Capital Management"); iii) Saras Capital Partners, L.P. ("Saras Capital Partners"); iv) Saras Capital Partners II, L.P. ("Saras Capital Partners II"); v) Saras Capital Partners Offshore Ltd. ("Saras Offshore"); iv) Saras Capital Partners Offshore Master Fund Ltd. ("Saras Offshore Master Fund"); v) Mr. Kenney Oh ("Mr. Oh"); and vi) Mr. Munish Puri ("Mr. Puri"). Saras Capital is the general partner of Saras Capital Partners and Saras Capital Partners II. Saras Capital Management serves as investment manager to each of Saras Capital Partners, Saras Capital Partners II and Saras Offshore Master Fund. Mr. Oh and Mr. Puri are principals of Saras Capital and portfolio managers of Saras Capital Management. Item 2(b). Address of Principal Business Office or, if None, Residence The address of the principal business office of each of Saras Capital, Saras Capital Management, Saras Capital Partners, Saras Capital Partners II, Saras Offshore, Saras Offshore Master Fund, Mr. Oh and Mr. Puri is 10 Rockefeller Plaza, Suite 820, New York, NY 10020. Item 2(c). Citizenship i) Saras Capital is a limited liability company formed under the laws of the State of Delaware. ii) Saras Capital Management is a limited liability company formed under the laws of the State of Delaware. Continued on following pages Page 10 of 15 pages Exhibit Index: page 14 iii) Saras Capital Partners is a limited partnership formed under the laws of the State of Delaware. iv) Saras Capital Partners II is a limited partnership formed under the laws of the State of Delaware. v) Saras Offshore is an exempted company formed under the laws of the Cayman Islands. vi) Saras Offshore Master Fund is an exempted company formed under the laws of the State of Delaware. vi) Mr. Oh is a citizen of the United States of America. vii) Mr. Puri is a citizen of India. Item 2(d). Title of Class of Securities: Common Stock, $0.00001 par value per share (the "Shares") Item 2(e). CUSIP Number: 894174101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: This Item 3 is not applicable. Item 4. Ownership: a. Amount beneficially owned: As of March 13, 2007, each of Saras Capital, Saras Capital Management, Saras Capital Partners, Saras Capital Partners II, Saras Offshore, Saras Offshore Master Fund, Mr. Oh and Mr. Puri may be deemed to be the beneficial owner of 450,300 Shares. This amount consists of: (A) 115,734 Shares held for the account of Saras Capital Partners, (B) 10,757 Shares held for the account of Saras Capital Partners II and (C) 323,809 Shares held for the account of Saras Offshore Master Fund. b. Percent of Class: The number of Shares of which each of Saras Capital, Saras Capital Management, Saras Capital Partners, Saras Capital Partners II, Saras Offshore, Saras Offshore Master Fund, Mr. Oh and Mr. Puri may be deemed to be the beneficial owner constitutes approximately 5.11% of the total number of Shares outstanding (based upon information provided by TravelCenters of America LLC in its Current Report on Form 8-K filed with the SEC on March 13, 2007, which stated that there were approximately 8,809,000 shares of common stock outstanding as of December 31, 2006). Item 5. Ownership of Five Percent or Less of a Class: Continued on following pages Page 11 of 15 pages Exhibit Index: page 14 This Item 5 is not applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: This Item 7 is not applicable. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Continued on following pages Page 12 of 15 pages Exhibit Index: page 14 Item 10. Certification: By signing below each of the Reporting Persons certifies that, to the best of their knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.
Date: March 19, 2007 SARAS CAPITAL, LLC By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL MANAGEMENT, LLC By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL PARTNERS, LP By: Saras Capital, LLC, its general partner By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL PARTNERS II, LP By: Saras Capital, LLC, its general partner By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL PARTNERS OFFSHORE LTD. By: Saras Capital Management LLC, as investment manager By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL PARTNERS OFFSHORE MASTER FUND LTD. By: Saras Capital Management LLC, as investment manager By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 /s/ Kenney Oh Kenney Oh Date: March 19, 2007 /s/ Munish Puri Munish Puri
Continued on following pages Page 13 of 15 pages Exhibit Index: page 14 EXHIBIT INDEX Ex. A. Joint Filing Agreement, dated March 19, 2007, by and among Saras Capital, Saras Capital Management, Saras Capital Partners, Saras Capital Partners II, Saras Offshore, Saras Offshore Master Fund, Mr. Oh and Mr. Puri. Continued on following pages Page 14 of 15 pages Exhibit Index: page 14 EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the common stock of TravelCenters of America LLC, dated as of March 19, 2007 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Date: March 19, 2007 SARAS CAPITAL, LLC By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL MANAGEMENT, LLC By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL PARTNERS, L.P. By: Saras Capital, LLC, its general partner By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL PARTNERS II, L.P. By: Saras Capital, LLC, its general partner By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Member Date: March 19, 2007 SARAS CAPITAL PARTNERS OFFSHORE LTD. By: Saras Capital Management LLC, as investment manager By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Manager Date: March 19, 2007 SARAS CAPITAL PARTNERS OFFSHORE MASTER FUND LTD. By: Saras Capital Management LLC, as investment manager By: /s/ Kenney Oh --------------------------------------------------- Name: Kenney Oh Title: Managing Manager Date: March 19, 2007 /s/ Kenney Oh Kenney Oh Date: March 19, 2007 /s/ Munish Puri Munish Puri
Page 15 of 15 pages Exhibit Index: page 14 -----END PRIVACY-ENHANCED MESSAGE-----