PIONEER TAX ADVANTAGED BALANCED TRUST 4
4 · PIONEER TAX ADVANTAGED BALANCED TRUST · Filed Aug 13, 2007
Insider Transaction Report
Form 4
LIPSON ARTHUR D
Director
Transactions
- PurchaseSwap
Equity Swap (obligation to purchase)
2007-08-10+9,100→ 9,100 total(indirect: By LLC)Exercise: $13.84From: 2007-08-10Exp: 2008-05-05→ Common Stock, no par value (9,100 underlying)
Footnotes (3)
- [F1]On August 10, 2007, Western Investment Activism Partners LLC (WIAP) and a securities broker (Broker) amended the cash settled equity swap contract originally entered into on May 29, 2007 between Broker and WIAP so as to add a notional 9,100 shares of common stock of the Issuer to the equity notional amount of the shares subject to the equity swap. By the terms of the equity swap: (i) WIAP will be obligated to pay to Broker the equity notional amount of the shares subject to the equity swap (Reference Shares) as of the beginning of the valuation period (which resets monthly), plus interest, and (ii) Broker will be obligated to pay to WIAP the market value of the Reference Shares as of the end of the valuation period. Any dividends received by Broker on the Reference Shares during the term of the equity swap will be paid to WIAP. All balances will be cash settled and there will be no transfer to WIAP of voting or dispositive power over the Reference Shares.
- [F2]Following the August 10, 2007 amendment to the cash settled equity swap contract, there is an aggregate of 1,051,700 shares of common stock underlying the equity swap contract between WIAP and Broker.
- [F3]For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and the Rules promulgated thereunder, as the sole managing member of Western Investment LLC (Western) which in turn is the managing member of WIAP, Mr. Lipson may be deemed to beneficially own the shares of common stock underlying the equity swap. Each of Mr. Lipson, Western and WIAP disclaims such beneficial ownership except to the extent of his or its pecuniary interest therein, if any.