-----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, VXYeLTlig568xK+ajNwVf4z+0dSeBNPJN/ih2At5By2kD9TPjw6eqdosfL2xV5Os 4wtP2SlUle0N6w42eTnuDQ== 0000950123-05-012217.txt : 20051017 0000950123-05-012217.hdr.sgml : 20051017 20051017163741 ACCESSION NUMBER: 0000950123-05-012217 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20051017 DATE AS OF CHANGE: 20051017 GROUP MEMBERS: LEONID FRENKEL GROUP MEMBERS: TRIAGE MANAGEMENT LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PENN TRAFFIC CO CENTRAL INDEX KEY: 0000077155 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] IRS NUMBER: 250716800 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-20957 FILM NUMBER: 051141189 BUSINESS ADDRESS: STREET 1: 1200 STATE FAIR BLVD CITY: SRYACUSE STATE: NY ZIP: 13221-4737 BUSINESS PHONE: 8145369900 MAIL ADDRESS: STREET 1: 1200 STATE FAIR BLVD CITY: SYRACUSE STATE: NY ZIP: 13221-4737 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRIAGE CAPITAL LF GROUP, LLC CENTRAL INDEX KEY: 0001309751 IRS NUMBER: 201560784 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 401 CITY AVENUE, SUITE 800 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 610-668-0404 MAIL ADDRESS: STREET 1: 401 CITY AVENUE, SUITE 800 CITY: BALA CYNWYD STATE: PA ZIP: 19004 FORMER COMPANY: FORMER CONFORMED NAME: Triage Capital LF Group LLC DATE OF NAME CHANGE: 20041124 SC 13G 1 y13656sc13g.txt ORIGINAL FILING ON SCHEDULE 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (AMENDMENT NO. __)(1) The Penn Traffic Company - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 707832200 ------------------------------------------------------------------ (CUSIP Number) July 21, 2005 ------------------------------------------------------------------ (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) Page 1 of 9 - -------- (1) 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 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). SCHEDULE 13G CUSIP NO. 707832200 PAGE 2 OF 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Triage Management L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ] (B) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 438,963 REPORTING --------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 --------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 438,963 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 438,963 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.7% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP NO. 707832200 PAGE 3 OF 9 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Triage Capital LF Group LLC - -------------------------------------------------------------------------------- 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 of America - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 686,846 REPORTING ------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 ------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 686,846 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 686,846 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP NO. 707832200 PAGE 4 OF 9 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Leonid Frenkel - -------------------------------------------------------------------------------- 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 of America - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 686,846 REPORTING ------------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 0 ------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 686,846 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 686,846 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.9% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1(a). Name of Issuer: The Penn Traffic Company Item 1(b). Address of Issuers's Principal Executive Offices: 1200 State Fair Boulevard Syracuse, New York 13221 Item 2(a). Name of Person Filing: (a) Triage Management L.P. ("Triage Management"), a Delaware limited partnership, acts as (i) a general partner to Triage Capital Management L.P. and Triage Capital Management B, L.P., each a Delaware limited partnership and (ii) an investment adviser to a managed account, and through such positions indirectly beneficially owns 438,963 of the shares reported herein. (b) Triage Capital LF Group LLC ("Triage Capital"), a Delaware limited liability company, acts as a general partner to (i) Triage Management and (ii) Triage Advisors, L.P. ("Triage Advisors"), a Delaware limited partnership. Triage Advisors acts as an investment manager to Triage Offshore Fund, Ltd, an exempted Cayman Islands company. Through such positions Triage Capital indirectly beneficially owns 686,846 of the shares reported herein. (c) Leonid Frenkel ("Mr. Frenkel"), is the managing member of Triage Capital and through such position indirectly beneficially owns 686,846 of the shares reported herein. Item 2(b). Address of Principal Business Office or, if None, Residence: (a) Triage Management L.P. 401 City Avenue, Suite 800 Bala Cynwyd, PA 19004 (b) Triage Capital LF Group LLC 401 City Avenue, Suite 800 Bala Cynwyd, PA 19004 (c) Leonid Frenkel 401 City Avenue, Suite 800 Bala Cynwyd, PA 19004 Item 2(c). Citizenship: (a) Triage Management L.P. - Delaware (b) Triage Capital LF Group LLC - Delaware (c) Leonid Frenkel - United States of America Item 2(d). Title of Class of Securities: Common Stock, par value $ .01 per share Item 2(e). CUSIP Number: 707832200 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: Not Applicable, this statement is filed pursuant to Rule 13d-1(c). Item 4. OWNERSHIP: Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Triage Management L.P. - 438,963 Triage Capital LF Group LLC - 686,846 Leonid Frenkel - 686,846 (b) Percent of class: Triage Management L.P. - 5.7% Triage Capital LF Group LLC - 8.9% Leonid Frenkel - 8.9% (c) Number of shares as to which such person has: Triage Management L.P. (i) Sole power to vote or to direct the vote 0, (ii) Shared power to vote or to direct the vote 438,963 (iii) Sole power to dispose or to direct the disposition of 0, (iv) Shared power to dispose or to direct the disposition of 438,963
Triage Capital LF Group LLC (i) Sole power to vote or to direct the vote 0, (ii) Shared power to vote or to direct the vote 686,846 (iii) Sole power to dispose or to direct the disposition of 0, (iv) Shared power to dispose or to direct the disposition of 686,846.
Leonid Frenkel (i) Sole power to vote or to direct the vote 0. (ii) Shared power to vote or to direct the vote 686,846. (iii) Sole power to dispose or to direct the disposition of 0. (iv) Shared power to dispose or to direct the disposition of 686,846.
Each of the Reporting Persons herein expressly declare that the filing of this statement shall not be construed as an admission that such person is, for purposes of Section 13(g) of the Act, the beneficial owner of any securities covered by this statement. Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not Applicable. Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: Persons other than the Reporting Persons identified herein have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the reported securities. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not Applicable. Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not Applicable. Item 9. NOTICE OF DISSOLUTION OF GROUP: Not Applicable. Item 10. CERTIFICATION: By signing below I certify that, to the best of my 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. 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: October 17, 2005 TRIAGE MANAGEMENT L.P. Triage Capital LF Group LLC, as general partner By: /s/ Leonid Frenkel --------------------------- Name: Leonid Frenkel Title: Managing Member TRIAGE CAPITAL LF GROUP LLC By: /s/ Leonid Frenkel --------------------------- Name: Leonid Frenkel Title: Managing Member By: /s/ Leonid Frenkel ---------------------------- Name: Leonid Frenkel The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Note. Schedules filed in paper format shall include a singed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties for whom copies are to be sent. Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). EX-99 2 y13656exv99.txt JOINT FILING AGREEMENT JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. Dated: October 17, 2005 TRIAGE MANAGEMENT L.P. Triage Capital LF Group LLC, as general partner By: /s/ Leonid Frenkel ----------------------------- Name: Leonid Frenkel Title: Managing Member TRIAGE CAPITAL LF GROUP LLC By: /s/ Leonid Frenkel ----------------------------- Name: Leonid Frenkel Title: Managing Member By: /s/ Leonid Frenkel ----------------------------- Name: Leonid Frenkel -----END PRIVACY-ENHANCED MESSAGE-----