Sec Form 13G Filing - aAd Capital Management LP filing for Ruths Hospitality Group Inc. (RUTH) - 2010-02-16

CUSIP No. 783332109

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Amendment No. 2)

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)¹

 

 

Ruth’s Hospitality Group, Inc.

(Name of Issuer)

 

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

783332109

(CUSIP Number)

December 31, 2009

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

 

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 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).

 

 

 

 

No Exhibit Index		1 of 11 Pages

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CUSIP No. 783332109
1.		Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).   Daniel P. Wimsatt
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:       United States of America
Number of Shares Beneficially Owned by Each Reporting Person With				5.		Sole Voting Power       0
				6.		Shared Voting Power       0
				7.		Sole Dispositive Power       0
				8.		Shared Dispositive Power       0
9.		Aggregate Amount Beneficially Owned by Each Reporting Person       0
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)       Not Applicable
11.		Percent of Class Represented by Amount in Row (9):       0.0%
12.		Type of Reporting Person       IN

 

No Exhibit Index		2 of 11 Pages

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CUSIP No. 783332109
1.		Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).   aAd Capital LLC
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:       Delaware
Number of Shares Beneficially Owned by Each Reporting Person With				5.		Sole Voting Power       0
				6.		Shared Voting Power       0
				7.		Sole Dispositive Power       0
				8.		Shared Dispositive Power       0
9.		Aggregate Amount Beneficially Owned by Each Reporting Person       0
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)       Not Applicable
11.		Percent of Class Represented by Amount in Row (9):       0.0%
12.		Type of Reporting Person       OO

 

No Exhibit Index		3 of 11 Pages

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CUSIP No. 783332109
1.		Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).   aAd Capital Management 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:       Delaware
Number of Shares Beneficially Owned by Each Reporting Person With				5.		Sole Voting Power       0
				6.		Shared Voting Power       0
				7.		Sole Dispositive Power       0
				8.		Shared Dispositive Power       0
9.		Aggregate Amount Beneficially Owned by Each Reporting Person       0
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)       Not Applicable
11.		Percent of Class Represented by Amount in Row (9):       0.0%
12.		Type of Reporting Person       PN, IA

 

No Exhibit Index		4 of 11 Pages

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CUSIP No. 783332109
1.		Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).   aAd 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:       Delaware
Number of Shares Beneficially Owned by Each Reporting Person With				5.		Sole Voting Power       0
				6.		Shared Voting Power       0
				7.		Sole Dispositive Power       0
				8.		Shared Dispositive Power       0
9.		Aggregate Amount Beneficially Owned by Each Reporting Person       0
10.		Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)       Not Applicable
11.		Percent of Class Represented by Amount in Row (9):       0.0%
12.		Type of Reporting Person       PN

 

No Exhibit Index		5 of 11 Pages

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CUSIP No. 783332109

 

Item 1.

 

(a)

Name of Issuer – Ruth’s Hospitality Group, Inc. (“Company”)

 

(b)

Address of Issuer’s Principal Executive Offices – 500 International Parkway, Suite 100, Heathrow, Florida 32746

 

Item 2.

 

(a)

Name of Persons Filing – (1) Daniel P. Wimsatt (“Mr. Wimsatt”); (2) aAd Capital LLC (“aAd Capital”); (3) aAd Capital Management L.P. (“aAd Capital Management”); and (4) aAd Partners L.P. (“aAd Partners”), collectively, the “Reporting Persons,” each, a “Reporting Person.”

 

(b)

Address of Principal Business Office or, if none, Residence – 420 Stevens Avenue, Suite 210, Solana Beach, California 92075

 

(c)

Citizenship – (1) United States of America; (2) Delaware; (3) Delaware; (4) Delaware

 

(d)

Title of Class of Securities – Common Stock, par value $0.01 per share, of the Company (“Issuer Common Stock” or “Shares”).

 

(e)

CUSIP Number – 783332109

 

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:

 

(a)		¨		Broker or dealer registered under section 15 of the Act.
(b)		¨		Bank as defined in section 3(a)(6) of the Act.
(c)		¨		Insurance company as defined in section 3(a)(19) of the Act.
(d)		¨		Investment company registered under section 8 of the Investment Company Act of 1940.
(e)		x		An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) (as to aAd Capital Management);
(f)		¨		An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)		x		A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) (as to Mr. Wimsatt and   aAd Capital);
(h)		¨		A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act;
(i)		¨		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;
(j)		¨		Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

No Exhibit Index		6 of 11 Pages

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CUSIP No. 783332109

 

Item 4.

Ownership

 

(a)

Amount beneficially owned – Mr. Wimsatt is the manager of aAd Capital. aAd Capital is the general partner of aAd Capital Management L.P. aAd Capital Management L.P. is the general partner and investment adviser of aAd Partners L.P.

As of December 31, 2009, the Reporting Persons’ beneficial ownership were as follows:

(i) aAd Partners held 0 Shares; (ii) aAd Capital Management beneficially owned 0 Shares, consisting of the 0 Shares held by aAd Partners; (iii) aAd Capital beneficially owned 0 Shares, consisting of the 0 Shares beneficially owned by aAd Capital Management, and (iv) Mr. Wimsatt beneficially owned 0 Shares.

The Reporting Persons have, within the ordinary course of business, purchased securities of the Company. The Reporting Persons have not acquired securities in the Company with the purpose, nor with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having such purpose or effect. The Reporting Persons have purchased, and may in the future purchase, shares on the open market at prevailing prices.

 

(b)

Percent of class – As of December 31, 2009, the Reporting Persons’ beneficial ownership were as follows: (i) aAd Partners beneficially owned 0.0% of the outstanding Issuer Common Stock; (ii) aAd Capital Management beneficially owned 0.0% of the outstanding Issuer Common Stock; (iii) aAd Capital beneficially owned 0.0% of the outstanding Issuer Common Stock; and (iv) Mr. Wimsatt beneficially owned 0.0% of the outstanding Issuer Common Stock.

 

(c)

Number of shares as to which the person has:

 

(i)

Sole power to vote or to direct voting – aAd Partners; aAd Capital Management, as general partner and investment adviser of aAd Partners; and aAd Capital, as general partner of aAd Capital Management, each have the sole power to vote or to direct the vote of 0 Shares; and Mr. Wimsatt, individually and as manager of aAd Capital has the sole power to vote or to direct the vote of 0 Shares.

 

(ii)

Shared power to vote or to direct voting – No Reporting Person has shared power with respect to the voting or direction of voting with respect to the Shares they beneficially own.

 

(iii)

Sole power to dispose or to direct disposition – aAd Partners; aAd Capital Management, as general partner and investment adviser of aAd Partners; aAd Capital, as general partner of aAd Capital Management, each have the sole power to dispose or direct the disposition of 0 Shares; and Mr. Wimsatt, individually and as manager of aAd Capital; has the sole power to dispose or direct the disposition of 0 Shares.

 

(iv)

Shared power to dispose or to direct disposition – No Reporting Person has shared power with respect to the disposition or direction to dispose of the Shares they beneficially own.

 

No Exhibit Index		7 of 11 Pages

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CUSIP No. 783332109

 

Item 5.

Ownership of Five 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 x.

 

Item 6.

Ownership of More than Five 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.

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 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.

 

No Exhibit Index		8 of 11 Pages

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CUSIP No. 783332109

Certification of Daniel P. Wimsatt aAd Partners

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.

 

No Exhibit Index		9 of 11 Pages

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CUSIP No. 783332109

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: February 16, 2010

 

 

No Exhibit Index		10 of 11 Pages

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CUSIP No. 783332109

Exhibit 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Ruth’s Hospitality Group, Inc.; and further agree that this Joint Filing Agreement be included as Exhibit 1. In evidence thereof, the undersigned hereby execute this agreement this 16^th day of February, 2010.

 

 

No Exhibit Index		11 of 11 Pages