4/A//SEC Filing
PNC LONG-SHORT FUND LLC 4/A
Accession 0001181431-11-006633
CIK 0001198145other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 1:36 PM ET
Size
7.1 KB
Accession
0001181431-11-006633
Insider Transaction Report
Form 4/AAmended
PNC INVESTMENT CORP
10% Owner
Transactions
- Sale
Limited Liability Company Interest
2010-11-01$850000.00/sh−850,000$722,500,000,000→ 13,310,076.95 total
Footnotes (3)
- [F1]The transaction reported on this amendment to Form 4 is the sale by the reporting person of a portion of its limited liability company interests (the "interests") to the issuer pursuant to an issuer tender offer. Under the terms of the offer, the issuer accepted interests that were tendered by the reporting person when the issuer gave written notice on November 1, 2010 to the reporting person of the issuer's election to purchase the interests. The transaction date listed is the date the reporting person received the written notice. However, as noted below, the amount to be paid by the issuer is based on the net asset value of the purchased interests on December 31, 2010.
- [F2]Under the terms of the offer, the reporting person's interests are being purchased by the issuer based on the net asset value of the reporting person's interest (the value of the issuer's assets minus its liabilities, multiplied by the proportionate interest in the issuer of the reporting person's interests purchased in the offer), calculated as of December 31, 2010. On November 1, 2010 the reporting person received a communication from the issuer indicating that the net asset value at December 31, 2010 of the reporting person's interests sold in the tender offer (and, therefore, the price the issuer is paying for the interests) is $850,000.
- [F3]The amount reported as beneficially owned following the transaction is equal to the reporting person's capital account balance in the issuer, calculated as of December 31, 2010. The issuer provided information as to this amount in a January 31, 2011 communication to the reporting person.
Documents
Issuer
PNC LONG-SHORT FUND LLC
CIK 0001198145
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001198145
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 1:36 PM ET
- Size
- 7.1 KB