FRISCH’S RESTAURANTS, INC.
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Common Stock, no par value
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358748101
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Joe Pretlow
1800 N. Highland Avenue, 5th Floor
Los Angeles, CA 90028
310-691-1700
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June 20, 2014
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1.
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NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
AOF Management LLC 32-0322036
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF |
7.
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SOLE VOTING POWER
0
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SHARES
BENEFICIALLY
OWNED BY
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8.
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SHARED VOTING POWER
260,101
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EACH
REPORTING
PERSON WITH
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9.
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SOLE DISPOSITIVE POWER
0
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10.
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SHARED DISPOSITIVE POWER
260,101
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,101
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.10%
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14.
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TYPE OF REPORTING PERSON (see instructions)
IA
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1.
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NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Active Owners Fund LP
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF |
7.
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SOLE VOTING POWER
0
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SHARES
BENEFICIALLY
OWNED BY
|
8.
|
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SHARED VOTING POWER
260,101
|
EACH
REPORTING
PERSON WITH
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9.
|
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SOLE DISPOSITIVE POWER
0
|
10.
|
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SHARED DISPOSITIVE POWER
260,101
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,101
|
12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.10%
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14.
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TYPE OF REPORTING PERSON (see instructions)
PN
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1.
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NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
TP-One Holdings LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a) ¨
(b) ¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
OO
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF |
7.
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SOLE VOTING POWER
0
|
SHARES
BENEFICIALLY
OWNED BY
|
8.
|
|
SHARED VOTING POWER
260,101
|
EACH
REPORTING
PERSON WITH
|
9.
|
|
SOLE DISPOSITIVE POWER
0
|
10.
|
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SHARED DISPOSITIVE POWER
260,101
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
260,101
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12.
|
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(see instructions) ¨
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.10%
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14.
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TYPE OF REPORTING PERSON (see instructions)
OO
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Item 1. | Security and Issuer. |
Item 2. | Identity and Background. |
(a) | AOF Management LLC ("AOF") is the investment adviser to Active Owners Fund LP (the "Fund"), the purchaser of the Shares. TP-One Holdings LLC ("TP-One," and together with AOF and the Fund, the "Reporting Persons") is the general partner of the Fund. |
(b) | The address of each of the principal business office of the Reporting Persons is 1800 N. Highland Avenue, 5th Floor, Los Angeles, CA 90028. |
(c) | AOF provides investment advisory services to the Fund, of which TP-One is the general partner. AOF and TP-One are under common control. |
(d) | During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | During the last five years, none of the Reporting Persons was party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
(f) | Each of AOF and TP-One is a Delaware limited liability company. The Fund is a Delaware limited partnership. |
Item 3. | Source or Amount of Funds or Other Consideration. |
Item 4. | Purpose of Transaction. |
Item 5. | Interest in Securities of the Issuer. |
(a) | The aggregate number and percentage of Shares reported to be beneficially owned by the Reporting Persons in this Schedule D is 260,101 shares of Common Stock, constituting approximately 5.10% of the shares of Common Stock outstanding, based upon 5,099,012 shares of Common Stock outstanding as of March 4, 2014, as reflected in the Form 10-Q filed by the Issuer on April 8, 2014. |
(b) | The Reporting Person has the sole power to vote and dispose of the 260,101 Shares owned by the Funds. |
(c) | This sets forth information with respect to each purchase and sale of the Shares which was effectuated by a Reporting Person during the past sixty days, inclusive of any transactions effected through 12:00 p.m., New York City time, on June 30, 2014. Unless otherwise indicated, all transactions were effectuated by the Fund in the open market through a broker. |
Trade Date
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Number of Shares Purchased (Sold)
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Price per Share
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4/24/2014
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103
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$
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23.35
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|||||
4/25/2014
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5,320
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$
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23.40
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|||||
4/28/2014
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2,905
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$
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23.48
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|||||
4/29/2014
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700
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$
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23.40
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|||||
4/30/2014
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500
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$
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23.50
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|||||
5/2/2014
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104
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$
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23.50
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|||||
5/6/2014
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2,682
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$
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23.50
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|||||
5/9/2014
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2,712
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$
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23.24
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|||||
5/13/2014
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1,175
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$
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23.50
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|||||
5/14/2014
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380
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$
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23.50
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|||||
5/16/2014
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77
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$
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23.50
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6/2/2014
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3,738
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$
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23.58
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|||||
6/19/2014
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5,000
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$
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22.42
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|||||
6/20/2014
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3,905
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$
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22.28
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|||||
6/23/2014
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2,384
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$
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22.82
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|||||
6/25/2014
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242
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$
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22.50
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(d) | Not applicable. |
(e) | Not applicable. |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Item 7. | Material to Be Filed as Exhibits. |
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AOF MANAGEMENT LLC
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Date: June 30, 2014
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By:
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/s/ Joseph Pretlow
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Name: Joseph Pretlow
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Title: Managing Member
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TP-ONE HOLDINGS LLC
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Date: June 30, 2014
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By:
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/s/ Joseph Pretlow
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Name: Joseph Pretlow
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Title: Managing Member
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ACTIVE OWNERS FUND LP
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By: TP-One Holdings LLC, its general partner
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Date: June 30, 2014
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By:
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/s/ Joseph Pretlow
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Name: Joseph Pretlow
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Title: Managing Member
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