UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
TRAVELCENTERS OF AMERICA, LLC
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
894174101
---------
(CUSIP Number)
December 31, 2008
-----------------
(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 on 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).
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CUSIP No. 894174101 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
EagleRock Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 1,145,268
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,145,268
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,145,268
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.1% (see Item 4)
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12 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No. 894174101 13G Page 3 of 7 Pages
----------------------------- -----------------
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1 NAME OF REPORTING PERSON
Nader Tavakoli
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 1,326,192
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,326,192
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,326,192
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.3% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
SCHEDULE 13G
------------
This Amendment No. 1 to the Schedule 13G (this "Amendment No. 1") is being filed
on behalf of EagleRock Capital Management, LLC, a Delaware limited liability
company ("EagleRock Capital") and Mr. Nader Tavakoli, the principal of EagleRock
Capital and the sole member and manager of Mountain Special Situations Fund,
LLC, a Delaware limited liability company ("Mountain Special"), relating to
shares of common stock, no par value (the "Common Stock"), of Travelcenters of
America, LLC, a Delaware limited liability company (the "Issuer") to amend the
Schedule 13G filed on April 11, 2008 (together with this Amendment No. 1, the
"Schedule 13G").
Item 1(a) Name of Issuer:
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Travelcenters of America, LLC
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
24601 Center Ridge Rd., Suite 200
Westlake, OH 44145-5639
Items 2(a) Name of Person Filing:
---------------------
EagleRock Capital Management, LLC and Nader Tavakoli
Item 2(b) Address of Principal Business Office:
------------------------------------
24 West 40th St., 10th Floor
New York, NY 10018
Item 2(c) Citizenship:
-----------
EagleRock Capital is a limited liability company organized
under the laws of the state of Delaware. Nader Tavakoli is a
United States citizen.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, no par value
Item 2(e) CUSIP Number:
------------
894174101
Item 3 Not Applicable
Item 4 Ownership:
------ ----------
The percentages used herein are calculated based upon the
16,048,865 shares of Common Stock issued and outstanding as
of November 7,
Page 4 of 7
2008, as reported on the Issuer's Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on
November 10, 2008.
As of the close of business on December 31, 2008:
1. EagleRock Capital Management, LLC
(a) Amount beneficially owned: 1,145,268
(b) Percent of class: 7.1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,145,268
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
1,145,268
2. Nader Tavakoli
(a) Amount beneficially owned: 1,326,192
(b) Percent of class: 8.3%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 1,326,192
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
1,326,192
EagleRock Capital and Nader Tavakoli own directly no shares
of Common Stock. Pursuant to investment management
agreements, EagleRock Capital maintains investment and
voting power with respect to the shares of Common Stock held
by EagleRock Master Fund, LP, a limited partnership existing
under the laws of the Cayman Islands ("ERMF") and EagleRock
Institutional Partners, LP, a Delaware limited partnership
("ERIP"). Mr. Tavakoli, as the manager of EagleRock Capital
and the sole member and manager of Mountain Special,
controls their investment decisions. ERMF holds 548,390
shares of Common Stock. ERIP holds 596,878 shares of Common
Stock. Mountain Special holds 180,924 shares of Common
Stock. By reason of the provisions of Rule 13d-3 of the
Securities Exchange Act of 1934, as amended, each of (i)
EagleRock Capital and Mr. Tavakoli may be deemed to
beneficially own 1,145,268 shares of Common Stock
(constituting approximately 7.1% of the shares of Common
Stock outstanding); and (ii) Mr. Tavakoli may be deemed to
beneficially own 180,924 shares of Common Stock
(constituting approximately 1.1% of the shares of Common
Stock outstanding).
The filing of this Schedule 13G shall not be construed as an
admission that EagleRock Capital or Mr. Tavakoli is for the
purposes of Section 13(d) or 13(g) of the Securities
Exchange Act of 1934, the beneficial owner of any of the
shares of Common Stock held by ERMF, ERIP or
Page 5 of 7
Mountain Special. Pursuant to Rule 13d-4, each of EagleRock
Capital and Mr. Tavakoli disclaim all such beneficial
ownership.
Item 5 Ownership of 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
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Person:
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Not Applicable
Item 7 Identification and Classification of the
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Subsidiary Which Acquired the Security Being
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Reported on By the Parent Holding Company:
-----------------------------------------
Not Applicable
Item 8 Identification and Classification of Members
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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 the best of his 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.
Page 6 of 7
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 17, 2009
EAGLEROCK CAPITAL MANAGEMENT, LLC
By: /s/ Nader Tavakoli
------------------------------------
Name: Nader Tavakoli
Title: Managing Member
NADER TAVAKOLI
/s/ Nader Tavakoli
--------------------------------------------
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