0001193125-20-038191.txt : 20200214 0001193125-20-038191.hdr.sgml : 20200214 20200214160705 ACCESSION NUMBER: 0001193125-20-038191 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200214 DATE AS OF CHANGE: 20200214 GROUP MEMBERS: PAR CAPITAL MANAGEMENT, INC. GROUP MEMBERS: PAR GROUP II, L.P SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TrueCar, Inc. CENTRAL INDEX KEY: 0001327318 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 043807511 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88662 FILM NUMBER: 20619551 BUSINESS ADDRESS: STREET 1: 120 BROADWAY, SUITE 200 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 800-200-2000 MAIL ADDRESS: STREET 1: 120 BROADWAY, SUITE 200 CITY: SANTA MONICA STATE: CA ZIP: 90401 FORMER COMPANY: FORMER CONFORMED NAME: Zag com Inc DATE OF NAME CHANGE: 20050516 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAR INVESTMENT PARTNERS LP CENTRAL INDEX KEY: 0001066867 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: C/O PAR CAPITAL MGT STREET 2: 200 CLARENDON STREET FL 48 CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6175268964 MAIL ADDRESS: STREET 1: 200 CLARENDON STREET STREET 2: FL 48 CITY: BOSTON STATE: MA ZIP: 02116 SC 13G/A 1 d856637dsc13ga.htm SC 13G/A SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 5)*

 

 

TrueCar, Inc.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

89785L107

(CUSIP Number)

December 31, 2019

(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)

☒ 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).

 

 

 

CUSIP No. 89785L107  

 

  1   

NAMES OF REPORTING PERSONS

 

PAR Investment Partners, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a)  ☐        (b)  ☒

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

    5    

SOLE VOTING POWER

 

10,299,504

   6   

SHARED VOTING POWER

 

None

   7   

SOLE DISPOSITIVE POWER

 

10,299,504

   8   

SHARED DISPOSITIVE POWER

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,299,504

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.7%

12  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

CUSIP No. 89785L107  

 

  1   

NAMES OF REPORTING PERSONS

 

PAR Group II, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a)  ☐        (b)  ☒

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

    5    

SOLE VOTING POWER

 

10,299,504

   6   

SHARED VOTING POWER

 

None

   7   

SOLE DISPOSITIVE POWER

 

10,299,504

   8   

SHARED DISPOSITIVE POWER

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,299,504

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.7%

12  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

CUSIP No. 89785L107  

 

  1   

NAMES OF REPORTING PERSONS

 

PAR Capital Management, Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a)  ☐        (b)  ☒

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

    5    

SOLE VOTING POWER

 

10,299,504

   6   

SHARED VOTING POWER

 

None

   7   

SOLE DISPOSITIVE POWER

 

10,299,504

   8   

SHARED DISPOSITIVE POWER

 

None

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,299,504

10  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.7%

12  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

Item 1(a) Name of issuer:

TrueCar, Inc.

Item 1(b) Address of issuer’s principal executive offices:

120 Broadway, Suite 200

Santa Monica, CA 90401

2(a) Name of person filing:

PAR Investment Partners, L.P.

PAR Group II, L.P.

PAR Capital Management, Inc.

2(b) Address or principal business office or, if none, residence:

PAR Capital Management, Inc.

200 Clarendon Street, Fl 48

Boston, MA 02116

2(c) Citizenship:

State of Delaware

2(d) Title of class of securities:

Common stock, par value $0.0001 per share

2(e) CUSIP No.:

89785L107

Item 3. If this statement is filed pursuant to §§240.13d–1(b) or 240.13d–2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4. Ownership

(a) Amount beneficially owned:

Each reporting person: 10,299,504

(b) Percent of class:

Each reporting person: 9.7%

(c) Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote:

10,299,504

(ii) Shared power to vote or to direct the vote: 0

(iii) Sole power to dispose or to direct the disposition of :

10,299,504

Item 5. Ownership of 5 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 5 Percent on Behalf of Another Person:

Not applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

The sole general partner of PAR Investment Partners, L.P. is PAR Group II, L.P. The sole general partner of PAR Group II, L.P. is PAR Capital Management, Inc. Each of PAR Group II, L.P. and PAR Capital Management, Inc. may be deemed to be the beneficial owner of all shares held directly by PAR Investment Partners, L.P.

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 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.

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.

Date: February 14, 2020

 

PAR INVESTMENT PARTNERS, L.P.
By:   PAR Group II, L.P.
  its general partner
By:  

PAR Capital Management, Inc.

its general partner

By:  

/s/ Steven M. Smith

  Steven M. Smith, Chief Operating Officer
PAR GROUP II, L.P.
By:  

PAR Capital Management, Inc.

its general partner

By:  

/s/ Steven M. Smith

  Steven M. Smith, Chief Operating Officer
PAR CAPITAL MANAGEMENT, INC.
By:  

/s/ Steven M. Smith

  Steven M. Smith, Chief Operating Officer