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
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(Name of Issuer)
Limited Liability Company Interests represented by Common Shares, no par value
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(Title of Class of Securities)
894174101
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(CUSIP Number)
December 31, 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 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
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9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
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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)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
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12. Type of Reporting Person OO
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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 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
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9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
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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
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1. Names of Reporting Persons.
Saras Capital Partners, 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 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
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12. Type of Reporting Person PN
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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 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
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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 Island
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Number of 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
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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.
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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 Island
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Number of 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
-------------------------------------------------------------------------------
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 State
of America
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Number of 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
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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 5. Sole Voting Power None
Shares ------------------------------------------------------
Beneficially 6. Shared Voting Power 297,713
Owned by Each ------------------------------------------------------
Reporting Person 7. Sole Dispositive Power None
With ------------------------------------------------------
8. Shared Dispositive Power 297,713
-------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each
Reporting Person 297,713
-------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
-------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
2.10%, based on 14,152,665 common shares outstanding as
of November 12, 2007.
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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 Managing Members of Saras Capital, portfolio
managers of Saras Capital Management and principals of Saras
Offshore and Saras Offshore Master Fund. Mr. Puri also serves as
the Director of Saras Offshore and Saras Offshore Master Fund.
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.
Continued on following pages
Page 10 of 15 pages
Exhibit Index: page 14
ii) Saras Capital Management is a limited liability company
formed under the laws of the State of Delaware.
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 Cayman Islands.
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:
Limited liability company interests represented by common
shares, no par value (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 December 31, 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 297,713 Shares. This amount consists
of: (A) 22,406 Shares held for the account of Saras Capital
Partners, (B) 2,636 Shares held for the account of Saras
Capital Partners II and (C) 272,671 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 2.10% of the
total number of Shares outstanding (based upon information
provided by TravelCenters of America LLC in its quarterly
report on Form 10-Q filed with the SEC on November 13, 2007,
which stated that there were 14,152,665
Continued on following pages
Page 11 of 15 pages
Exhibit Index: page 14
limited liability company interests represented by common shares
outstanding as of November 12, 2007).
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 5 percent of the class of
securities, check the following [ X ].
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: February 14, 2008 SARAS CAPITAL, LLC
By: /s/ Kenney Oh
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Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL MANAGEMENT, LLC
By: /s/ Kenney Oh
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Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL PARTNERS, LP
By: Saras Capital, LLC, its general partner
By: /s/ Kenney Oh
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Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL PARTNERS II, LP
By: Saras Capital, LLC, its general partner
By: /s/ Kenney Oh
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Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL PARTNERS OFFSHORE LTD.
By: /s/ Kenney Oh
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Name: Kenney Oh
Title: Manager
Date: February 14, 2008 SARAS CAPITAL PARTNERS OFFSHORE
MASTER FUND LTD.
By: /s/ Kenney Oh
-------------------------------------
Name: Kenney Oh
Title: Manager
Date: February 14, 2008 /s/ Kenney Oh
---------------------------------------------
Kenney Oh
Date: February 14, 2008 /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 February 14, 2008, 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 shares of TravelCenters of America LLC, dated as of
February 14, 2008 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: February 14, 2008 SARAS CAPITAL, LLC
By: /s/ Kenney Oh
-------------------------------------
Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL MANAGEMENT, LLC
By: /s/ Kenney Oh
-------------------------------------
Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL PARTNERS, LP
By: Saras Capital, LLC, its general partner
By: /s/ Kenney Oh
-------------------------------------
Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL PARTNERS II, LP
By: Saras Capital, LLC, its general partner
By: /s/ Kenney Oh
-------------------------------------
Name: Kenney Oh
Title: Managing Member
Date: February 14, 2008 SARAS CAPITAL PARTNERS OFFSHORE LTD.
By: /s/ Kenney Oh
-------------------------------------
Name: Kenney Oh
Title: Manager
Date: February 14, 2008 SARAS CAPITAL PARTNERS OFFSHORE
MASTER FUND LTD.
By: /s/ Kenney Oh
-------------------------------------
Name: Kenney Oh
Title: Manager
Date: February 14, 2008 /s/ Kenney Oh
---------------------------------------------
Kenney Oh
Date: February 14, 2008 /s/ Munish Puri
---------------------------------------------
Munish Puri
Page 15 of 15 pages
Exhibit Index: page 14