FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

EagleRock Capital Management, L.L.C.
2. Issuer Name and Ticker or Trading Symbol

CONSTAR INTERNATIONAL INC [ CNST ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

24 WEST 40TH ST., 10TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

12/30/2008
(Street)

NEW YORK, NY 10018
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/30/2008     S    5794   D $0.0502   2704588   I   See footnote   (1)
Common Stock   12/30/2008     S    12600   D $0.0501   2691988   I   See footnote   (1)
Common Stock   12/30/2008     S    81606   D $0.0500   2610382   I   See footnote   (1)
Common Stock   12/30/2008     S    42100   D $0.0451   2568282   I   See footnote   (1)
Common Stock   12/30/2008     S    100000   D $0.11   2468282   I   See footnote   (1)
Common Stock   12/31/2008     S    300   D $0.0929   2467982   I   See footnote   (1)
Common Stock   12/31/2008     S    400   D $0.0903   2467582   I   See footnote   (1)
Common Stock   12/31/2008     S    100   D $0.0902   2467482   I   See footnote   (1)
Common Stock   12/31/2008     S    1100   D $0.0900   2466382   I   See footnote   (1)
Common Stock   12/31/2008     S    700   D $0.0890   2465682   I   See footnote   (1)
Common Stock   12/31/2008     S    500   D $0.0870   2465182   I   See footnote   (1)
Common Stock   12/31/2008     S    1000   D $0.0850   2464182   I   See footnote   (1)
Common Stock   12/31/2008     S    100   D $0.0849   2464082   I   See footnote   (1)
Common Stock   12/31/2008     S    1655   D $0.0820   2462427   I   See footnote   (1)
Common Stock   12/31/2008     S    2900   D $0.0815   2459527   I   See footnote   (1)
Common Stock   12/31/2008     S    11000   D $0.0812   2448527   I   See footnote   (1)
Common Stock   12/31/2008     S    16855   D $0.0806   2431672   I   See footnote   (1)
Common Stock   12/31/2008     S    1575   D $0.0805   2430097   I   See footnote   (1)
Common Stock   12/31/2008     S    100   D $0.0803   2429997   I   See footnote   (1)
Common Stock   12/31/2008     S    3970   D $0.0801   2426027   I   See footnote   (1)
Common Stock   12/31/2008     S    204545   D $0.0800   2221482   I   See footnote   (1)
Common Stock   12/31/2008     S    50000   D $0.0790   2171482   I   See footnote   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  The shares of common stock ("Common Stock") of Constar International Inc. (the "Company") disclosed in this Form 4 are directly owned by certain funds, including EagleRock Master Fund, LP and EagleRock Institutional Partners, LP (together, the "Funds"), of which EagleRock Capital Management, LLC ("EagleRock") is the investment manager. Mr. Nader Tavakoli is the managing member and principal of EagleRock. By reason of the provisions of Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), EagleRock and Mr. Tavakoli may be deemed to be the beneficial owners of the securities beneficially owned by the Funds. In addition, Mr. Tavakoli may be deemed to be the beneficial owner of 278,473 shares of Common Stock beneficially owned by another entity. Each of EagleRock, Mr. Tavakoli, and the Funds hereby disclaim beneficial ownership of all securities reported herein, except to the extent of any pecuniary interest therein.

Remarks:
Exhibit 99.1 Joint Filer Information

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
EagleRock Capital Management, L.L.C.
24 WEST 40TH ST.
10TH FLOOR
NEW YORK, NY 10018

X

NADER TAVAKOLI
24 WEST 40TH ST.
10TH FLOOR
NEW YORK, NY 10018

X


Signatures
/s/ Nader Tavakoli, Managing Member of EagleRock Capital Management, LLC 1/5/2009
** Signature of Reporting Person Date

/s/ Nader Tavakoli 1/5/2009
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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