3//SEC Filing
PIONEER TAX ADVANTAGED BALANCED TRUST 3
Accession 0000921895-07-001362
CIK 0001267150other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 7:56 PM ET
Size
10.4 KB
Accession
0000921895-07-001362
Insider Transaction Report
Form 3
LIPSON ARTHUR D
Director
Holdings
- 1,671,841(indirect: By LLC)
Common Stock, no par value
- (indirect: By LLC)
Equity Swap (obligation to purchase)
Exercise: $15.21From: 2007-05-29Exp: 2008-05-05→ Common Stock, no par value (194,600 underlying)
Footnotes (3)
- [F1]Consists of 819,639, 837,802 ,13,400 and 1,000 shares of common stock beneficially owned by Western Investment Hedged Partners L.P. ("WIHP"), Western Investment Activism Partners LLC ("WIAP"), Western Investment Total Return Master Fund, Ltd. ("WITR") and Western Investment LLC ("Western"), respectively. Western, as general partner of WIHP, managing member of WIAP and investment manager of WITR, may be deemed to beneficially own the shares owned by WIHP, WIAP and WITR, respectively. As the sole managing member of Western, Mr. Lipson may be deemed to beneficially own the 1,671,841 shares of common stock beneficially owned, in the aggregate, by Western. Mr. Lipson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]By the terms of the equity swap: (i) WIAP will be obligated to pay to a securities broker ("Broker") the equity notional amount of the shares subject to the equity swap (the "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. The equity swap expires on May 5, 2008.
- [F3]For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, (the "Act") and the Rules promulgated thereunder, as the sole managing member of 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 cash settled equity swap contract entered into between Broker and WIAP. Each of Mr. Lipson, Western, and WIHP, WIAP and WITR disclaims such beneficial ownership except to the extent of his or its pecuniary interest therein, if any.
Documents
Issuer
PIONEER TAX ADVANTAGED BALANCED TRUST
CIK 0001267150
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001267150
Filing Metadata
- Form type
- 3
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 7:56 PM ET
- Size
- 10.4 KB