SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
CONSTAR INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
21036U107
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(CUSIP Number)
May 06, 2003
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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)
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CUSIP No. 21036U107 13G
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
EagleRock Capital Management, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
735,903
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
735,903
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,903
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%**
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).
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CUSIP No. 21036U107 13G
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Nader Tavakoli
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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5 SOLE VOTING POWER
735,903
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
735,903
------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,903
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.1%**
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
**SEE ITEM 4(b).
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SCHEDULE 13G
This Schedule 13G (the "Schedule 13G") is being filed on behalf of
EagleRock Capital Management, L.L.C., a Delaware limited liability company
("EagleRock"), and Mr. Nader Tavakoli the principal of EagleRock, relating to
shares of common stock of Constar International, Inc., a Delaware corporation
(the "Issuer").
This Schedule 13G relates to shares of Common Stock of the Issuer
purchased by EagleRock for the account of EagleRock Master Fund, a Delaware
general partnership ("EagleRock Master Fund"), of which EagleRock is the agent
and attorney-in-fact. EagleRock Master Fund holds the shares of Common Stock of
the Issuer for the account of EagleRock Capital Partners, L.P. and EagleRock
Capital Partners (QP), L.P., both Delaware limited partnerships.
ITEM 1(a) NAME OF ISSUER.
Constar International, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
One Crown Way
Philadelphia, PA 19154
ITEM 2(a) NAME OF PERSON FILING.
EagleRock Capital Management, L.L.C. ("EagleRock") and Nader
Tavakoli.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE.
551 Fifth Avenue, 34th Floor
New York, New York 10176
ITEM 2(c) CITIZENSHIP OR PLACE OF ORGANIZATION.
EagleRock is a limited liability company organized under the
laws of the State of Delaware. Nader Tavakoli is the principal
of EagleRock and is a United States citizen.
ITEM 2(d) TITLE OF CLASS OF SECURITIES.
Common Stock, par value $.01 per share (the "Common Stock").
ITEM 2(e) CUSIP NUMBER.
21036U107
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ITEM 3 REPORTING PERSON.
Inapplicable.
ITEM 4 OWNERSHIP.
(a) EagleRock and Mr. Tavakoli are the beneficial owners
of 735,903 shares of Common Stock.
(b) EagleRock and Mr. Tavakoli are the beneficial owners
of 6.1% of the outstanding shares of Common Stock.
This percentage is determined by dividing 735,903 by
12,015,000, the number of shares of Common Stock
issued and outstanding as of May 2, 2003, as reported
in the Issuer's quarterly report on Form 10-Q filed
May 14, 2003.
(c) EagleRock, as the agent and attorney-in-fact of
EagleRock Master Fund, has the sole power to vote and
dispose of the 735,903 shares of Common Stock held by
EagleRock Master Fund. As the principal of EagleRock,
Mr. Tavakoli may direct the vote and disposition of
the 735,903 shares of Common Stock held by EagleRock
Master Fund.
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Inapplicable.
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Inapplicable.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Inapplicable.
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Inapplicable.
ITEM 9 NOTICE OF DISSOLUTION OF GROUP.
Inapplicable.
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
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securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
EXHIBITS EXHIBIT 1
Joint Filing Agreement dated May 30, 2003, between EagleRock
and Nader Tavakoli.
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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.
Date: May 30, 2003
EagleRock Capital Management, L.L.C.
By: /S/ NADER TAVAKOLI
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NADER TAVAKOLI, Managing Member
/S/ NADER TAVAKOLI
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Nader Tavakoli
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EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a Statement on Schedule 13G (including any and all amendments thereto)
with respect to the Common Stock, par value $.01 per share, of Constar
International, Inc., and further agree that this Joint Filing Agreement shall be
included as an Exhibit to such joint filings.
The undersigned further agree that each party hereto is responsible for
the timely filing of such Statement on Schedule 13G and any amendments thereto,
and for the accuracy and completeness of the information concerning such party
contained therein; provided, however, that no party is responsible for the
accuracy or completeness of the information concerning any other party, unless
such party knows or has reason to believe that such information is inaccurate.
This Joint Filing Agreement may be signed in counterparts with the same
effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
May 30, 2003.
EagleRock Capital Management, L.L.C.
By: /S/ NADER TAVAKOLI
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NADER TAVAKOLI, Managing Member
/S/ NADER TAVAKOLI
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Nader Tavakoli
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