Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
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Under the Securities Exchange Act of 1934
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(Amendment No. 2)*
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Del Taco Restaurants, Inc
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
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52748T104
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(CUSIP Number)
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December 31, 2016
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(Date of Event which Requires Filing of this Statement)
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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).
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1
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Pleasant Lake Partners LLC
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [x]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0 shares
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6 Shared Voting Power
0 shares
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7 Sole Dispositive Power
0 shares
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8 Shared Dispositive Power
0 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
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11
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Percent of Class Represented by Amount in Row (9)*
0%
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12
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Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
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1
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
PLP MM LLC
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [x]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0 shares
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6 Shared Voting Power
0 shares
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7 Sole Dispositive Power
0 shares
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8 Shared Dispositive Power
0 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
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11
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Percent of Class Represented by Amount in Row (9)*
0%
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12
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Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
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1
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
PL Opportunities GP LLC
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [x]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0 shares
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6 Shared Voting Power
0 shares
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7 Sole Dispositive Power
0 shares
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8 Shared Dispositive Power
0 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
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11
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Percent of Class Represented by Amount in Row (9)*
0%
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12
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Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
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1
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Pleasant Lake Onshore GP LLC
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [x]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0 shares
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6 Shared Voting Power
0 shares
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7 Sole Dispositive Power
0 shares
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8 Shared Dispositive Power
0 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
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11
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Percent of Class Represented by Amount in Row (9)*
0%
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12
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Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
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1
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Pleasant Lake Offshore Master Fund L.P.
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2
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Check the
Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [x]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Cayman Islands
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0 shares
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6 Shared Voting Power
0 shares
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7 Sole Dispositive Power
0 shares
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8 Shared Dispositive Power
0 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
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11
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Percent of Class Represented by Amount in Row (9)*
0%
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12
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Type of Reporting Person (See Instructions)
PN (Limited Partnership)
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1
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Pleasant Lake Opportunities Fund LP
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [x]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
Cayman Islands
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0 shares
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6 Shared Voting Power
0 shares
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7 Sole Dispositive Power
0 shares
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8 Shared Dispositive Power
0 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
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11
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Percent of Class Represented by Amount in Row (9)*
0%
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12
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Type of Reporting Person (See Instructions)
PN (Limited Partnership)
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1
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Jonathan Lennon
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [x]
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3
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SEC Use Only
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4
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Citizenship or Place of Organization.
United States
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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5 Sole Voting Power
0 shares
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6 Shared Voting Power
0 shares
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7 Sole Dispositive Power
0 shares
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8 Shared Dispositive Power
0 shares
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] N/A
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11
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Percent of Class Represented by Amount in Row (9)*
0%
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12
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Type of Reporting Person (See Instructions)
IN
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SCHEDULE 13G
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Item 1.
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(a)
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Name of Issuer
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Del Taco Restaurants, Inc.
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(b)
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Address of Issuer’s Principal Executive Offices
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25521 Commercentre Drive
Lake Forest, CA 92630
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Item 2.
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(a)
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Name of Person Filing
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Pleasant Lake Partners LLC
PLP MM LLC
Pleasant Lake Offshore Master Fund L.P.
Pleasant Lake Opportunities Fund LP
Pleasant Lake Onshore GP LLC
PL Opportunities GP LLC
Jonathan Lennon
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(b)
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Address of Principal Business Office or, if none, Residence
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83 Washington Place, 1R
New York, New York 10011
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(c)
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Citizenship
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Pleasant Lake Partners LLC - Delaware
PLP MM LLC - Delaware
Pleasant Lake Offshore Master Fund L.P. - Cayman Islands
Pleasant Lake Opportunities Fund LP - Delaware
Pleasant Lake Onshore GP LLC - Delaware
PL Opportunities GP LLC - Delaware
Jonathan Lennon - United States
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(d)
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Title of Class of Securities
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Common Stock
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(e)
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CUSIP Number
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52748T104
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Item 3.
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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:
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(a)
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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Insurance Company as defined in Section 3(a)(19) of the Act
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(d)
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
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(e)
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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[ ]
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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[ ]
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
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(k)
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Group, in accordance with §240.13d-1(b)(1)(ii)(K).
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Item 4.
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Ownership
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount Beneficially Owned
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Pleasant Lake Partners LLC - 0 shares
PLP MM LLC - 0 shares
Pleasant Lake Offshore Master Fund L.P. - 0 shares
Pleasant Lake Opportunities Fund LP - 0 shares
Pleasant Lake Onshore GP LLC - 0 shares
PL Opportunities GP LLC - 0 shares
Jonathan Lennon - 0 shares
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(b)
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Percent of Class
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Pleasant Lake Partners LLC - 0%
PLP MM LLC - 0%
Pleasant Lake Offshore Master Fund L.P. - 0%
Pleasant Lake Opportunities Fund LP - 0%
Pleasant Lake Onshore GP LLC - 0%
PL Opportunities GP LLC – 0%
Jonathan Lennon - 0%
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(c)
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Number of shares as to which such person has:
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(i)
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sole power to vote or to direct the vote
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Pleasant Lake Partners LLC - 0 shares
PLP MM LLC - 0 shares
Pleasant Lake Offshore Master Fund L.P. - 0 shares
Pleasant Lake Opportunities Fund LP - 0 shares
Pleasant Lake Onshore GP LLC - 0 shares
PL Opportunities GP LLC - 0 shares
Jonathan Lennon - 0 shares
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(ii)
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shared power to vote or to direct the vote
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Pleasant Lake Partners LLC - 0 shares
PLP MM LLC - 0 shares
Pleasant Lake Offshore Master Fund L.P. - 0 shares
Pleasant Lake Opportunities Fund LP – 0 shares
Pleasant Lake Onshore GP LLC - 0 shares
PL Opportunities GP LLC - 0 shares
Jonathan Lennon - 0 shares
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(iii)
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sole power to dispose or to direct the disposition of
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Pleasant Lake Partners LLC - 0 shares
PLP MM LLC - 0 shares
Pleasant Lake Offshore Master Fund L.P. - 0 shares
Pleasant Lake Opportunities Fund LP – 0 shares
Pleasant Lake Onshore GP LLC - 0 shares
PL Opportunities GP LLC - 0 shares
Jonathan Lennon - 0 shares
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(iv)
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shared power to dispose or to direct the disposition of
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Pleasant Lake Partners LLC - 0 shares
PLP MM LLC - 0 shares
Pleasant Lake Offshore Master Fund L.P. - 0 shares
Pleasant Lake Opportunities Fund LP - 0 shares
Pleasant Lake Onshore GP LLC - 0 shares
PL Opportunities GP LLC - 0 shares
Jonathan Lennon - 0 shares
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Item 5.
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Ownership of Five Percent or Less of a Class
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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 [X].
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not applicable.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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Not applicable.
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Item 8.
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Identification and Classification of Members of the Group
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Not applicable.
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Item 9.
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Notice of Dissolution of Group
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Not applicable.
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Item 10.
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Certification
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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.
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Exhibits
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Exhibit
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99.1
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Joint Filing Agreement by and among the Reporting Persons incorporated by reference to Exhibit 99.1 to Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on June 30, 2015.
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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.
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February 14, 2017
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PLEASANT LAKE PARTNERS LLC
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By: PLP MM LLC
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its Managing Member
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PLP MM LLC
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PLEASANT LAKE ONSHORE GP LLC
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PL OPPORTUNITIES GP LLC
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PLEASANT LAKE OFFSHORE MASTER FUND L.P.
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By: Pleasant Lake Onshore GP LLC
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its General Partner
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PLEASANT LAKE OPPORTUNITIES FUND LP
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By: PL Opportunities GP LLC
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its General Partner
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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JONATHAN LENNON
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Individually
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