UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
TravelCenters of America LLC
(Name of Issuer)
Common Stock, $0.00001 par value per share
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(Title of Class of Securities)
894174101
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(CUSIP Number)
March 8, 2007
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(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
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1. Names of Reporting Persons.
Saras Capital, LLC
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares 5. Sole Voting Power None
Beneficially Owned by ---------------------------------------------------------------------------------------------
Each Reporting Person
With 6. Shared Voting Power 450,300
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7. Sole Dispositive Power None
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8. Shared Dispositive Power 450,300
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 450,300
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
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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.
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12. Type of Reporting Person PN
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Continued on following pages
Page 2 of 15 pages
Exhibit Index: page 14
CUSIP No. 894174101
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1. Names of Reporting Persons.
Saras Capital Management, LLC
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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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
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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.
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12. Type of Reporting Person OO
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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
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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.
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12. Type of Reporting Person OO
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Continued on following pages
Page 4 of 15 pages
Exhibit Index: page 14
CUSIP No. 894174101
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1. Names of Reporting Persons.
Saras Capital Partners II, LP
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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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
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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
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Continued on following pages
Page 5 of 15 pages
Exhibit Index: page 14
CUSIP No. 894174101
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1. Names of Reporting Persons.
Saras Capital Partners Offshore Master Fund Ltd.
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization Cayman Islands
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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
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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
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Continued on following pages
Page 6 of 15 pages
Exhibit Index: page 14
CUSIP No. 894174101
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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
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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
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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
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Continued on following pages
Page 7 of 15 pages
Exhibit Index: page 14
CUSIP No. 894174101
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1. Names of Reporting Persons.
Mr. Kenney Oh
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization United States of America
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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.
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12. Type of Reporting Person HC
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Continued on following pages
Page 8 of 15 pages
Exhibit Index: page 14
CUSIP No. 894174101
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1. Names of Reporting Persons.
Mr. Munish Puri
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2. Check the Appropriate Box if a Member of a Group
(a) [X]
(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization India
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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
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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.
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12. Type of Reporting Person HC
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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