Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Jefferies Capital Partners LLC
2. Date of Event Requiring Statement (Month/Day/Year)
05/07/2012
3. Issuer Name and Ticker or Trading Symbol
Fiesta Restaurant Group, Inc. [FRGI]
(Last)
(First)
(Middle)
C/O JEFFERIES CAPITAL PARTNERS, 520 MADISON AVENUE, 10TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10022
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock (1) (2) 6,559,739 (2)
I
See Footnote (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jefferies Capital Partners LLC
C/O JEFFERIES CAPITAL PARTNERS
520 MADISON AVENUE, 10TH FLOOR
NEW YORK, NY 10022
    X    
JEFFERIES CAPITAL PARTNERS IV LP
C/O JEFFERIES CAPITAL PARTNERS
520 MADISON AVENUE, 10TH FLOOR
NEW YORK, NY 10022
    X    
Jefferies Employee Partners IV LLC
C/O JEFFERIES CAPITAL PARTNERS
520 MADISON AVENUE, 10TH FLOOR
NEW YORK, NY 10022
    X    
JCP IV LLC
C/O JEFFERIES CAPITAL PARTNERS
520 MADISON AVENUE, 10TH FLOOR
NEW YORK, NY 10022
    X    
JCP PARTNERS IV LLC
C/O JEFFERIES CAPITAL PARTNERS
520 MADISON AVENUE, 10TH FLOOR
NEW YORK, NY 10022
    X    
LUIKART JAMES L
C/O JEFFERIES CAPITAL PARTNERS
520 MADISON AVENUE, 10TH FLOOR
NEW YORK, NY 10022
    X    

Signatures

/s/ Brian P. Friedman 05/17/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) See Exhibit 99.
(2) See Exhibit 99.
 
Remarks:
This report is filed jointly by Jefferies Capital Partners, General Partner, Manager and Mr. Luikart, all of whom are 10% owners.  The address of each Reporting Person is c/o Jefferies Capital Partners, 520 Madison Avenue, 10th Floor, New York, New York 10022.

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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