UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 8)
THOUSAND TRAILS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
917326-10-0
(CUSIP Number)
Jeffrey B. Cobb, Esq.
Cobb & Eisenberg LLC
315 Post Road West
(203) 222-9560
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
October 24, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D/A, and is
filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box
[ ].
Check the following box if a fee is being paid with the statement [ ].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Page 1 of 9 pages
<PAGE>
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CUSIP No. 917326-10-0 Page 2 of 9 Pages
------------ --- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl Marks Strategic Investments, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 2,668,765 shares**
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
2,668,765 shares**
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,668,765 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
35.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP No. 917326-10-0 Page 3 of 9 Pages
------------ --- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl Marks Strategic Investments II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 690,481 shares**
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
690,481 shares**
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
690,481 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.3 %
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
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<PAGE>
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CUSIP No. 917326-10-0 Page 4 of 9 Pages
------------ --- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Carl Marks Management Company, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 3,359,246 shares**
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH -0-
REPORTING ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
3,359,246 shares**
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,359,246 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP No. 917326-10-0 Page 5 of 9 Pages
------------ --- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andrew M. Boas
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 31,569 shares
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,678,819 shares**
REPORTING ------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
31,569 shares
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,678,819 shares**
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,710,388 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.8%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE>
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CUSIP No. 917326-10-0 Page 6 of 9 Pages
------------ --- -----
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert C. Ruocco
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED
BY 3,676,231 shares**
EACH ------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
AGENCY
------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,676,231 shares**
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,676,231 shares**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer
This Amendment No. 8 to Schedule 13D relates to the Common Stock, par
value $.01 per share (the "Common Stock"), issued by Thousand Trails, Inc.
(formerly USTrails Inc.), a Nevada corporation (the "Company"). The principal
executive offices of the Company are located at 2711 LBJ Freeway, Suite 200,
Dallas, Texas 75234.
This Amendment to Schedule 13D is being filed pursuant to Section 13(d)
of the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder (the "Exchange Act "). This Amendment further
amends (and restates in full) a Schedule 13D, dated January 9, 1992, as
previously amended by Amendment No. 1, dated February 7, 1992, Amendment No. 2,
dated November 7, 1992, Amendment No. 3, dated March 9, 1993, Amendment No. 4,
dated June 30, 1994, Amendment No. 5, dated August 12, 1996, Amendment. No. 6,
dated December 12, 1996, and Amendment No. 7, dated December 27, 1996 (the
"Original Schedule 13D" ).
Except as amended hereby, the responses in the Original Schedule 13D
remain unchanged.
Item 3. Source and Amount of Funds or Other Consideration
The total consideration utilized by Partnership II to acquire an
additional 179,555 shares of Common Stock reported herein was $694,636 in cash,
the source of which was its investment capital.
Item 5. Interest in Securities of the Issuer
(a) As of the date hereof, Partnership II owned beneficially 690,481
shares of Common Stock, constituting approximately 9.3% of the outstanding
shares. In its capacity as general partner of Partnership II, such shares may be
deemed also owned beneficially by the General Partner and, in their capacity as
general partners of the General Partner, by Messrs. Boas and Ruocco.
By reason of the foregoing (and ownership previously reported in the
Original Schedule 13D), as of the date hereof the Reporting Persons owned
beneficially the following respective aggregate amounts and approximate
percentages of the outstanding
-7-
<PAGE>
shares of Common Stock: (i) Partnership I, 2,668,765 shares (35.2%); (ii)
Partnership II, 690,481 shares (9.3%); (iii) the General Partner, 3,359,246
shares (44.2%); (iv) Mr. Boas, 3,710,388 shares (48.8%); and (v) Mr. Ruocco,
3,676,231 shares (48.4%).
(b) The General Partner, in its capacity as general partner of the
Partnerships, may be deemed to have the power to vote or to dispose of the
2,668,765 shares of Common Stock owned by Partnership I and the 690,481 shares
of Common Stock owned by Partnership II.
(c) On October 17, 1997, Partnership II purchased 38,430 shares of
Common Stock, in a negotiated transaction, at a price of $3.625 per share, net.
On October 24, 1997, Partnership II purchased 141,125 shares of Common
Stock, in a negotiated transaction, at a price of $3.935 per share, net.
Except as aforesaid, or as previously reported in the Original Schedule
13D, no transactions in the Common Stock were effected by any of the Reporting
Persons within the past sixty (60) days.
Signatures
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: November 6, 1997
CARL MARKS STRATEGIC INVESTMENTS, L.P.
By: Carl Marks Management Company, L.P.,
General Partner
By: /s/ Andrew M. Boas
------------------------------------
Andrew M. Boas, a General Partner
-8-
<PAGE>
CARL MARKS STRATEGIC INVESTMENTS II,
L.P.
By: Carl Marks Management Company, L.P.,
General Partner
By: /s/Andrew M. Boas
------------------------------------
Andrew M. Boas, a General Partner
CARL MARKS MANAGEMENT COMPANY, L.P.
By: /s/ Andrew M. Boas
------------------------------------
Andrew M. Boas, a General Partner
/s/ Andrew M. Boas
----------------------------------------
ANDREW M. BOAS
/s/ Robert C. Ruocco
----------------------------------------
ROBERT C. RUOCCO
-9-
