4//SEC Filing
PIONEER TAX ADVANTAGED BALANCED TRUST 4
Accession 0000921895-07-002402
CIK 0001267150other
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 7:25 PM ET
Size
7.6 KB
Accession
0000921895-07-002402
Insider Transaction Report
Form 4
LIPSON ARTHUR D
Director
Transactions
- PurchaseSwap
Equity Swap (obligation to purchase)
2007-10-15+1,800→ 1,800 total(indirect: By LLC)Exercise: $14.37From: 2007-10-15Exp: 2008-05-05→ Common Stock, no par value (1,800 underlying)
Footnotes (3)
- [F1]On October 15, 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 1,800 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]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.
- [F3]Following the October 15, 2007 amendment to the cash settled equity swap contract, there is an aggregate of 1,063,500 shares of common stock underlying the equity swap contract between WIAP and Broker.
Documents
Issuer
PIONEER TAX ADVANTAGED BALANCED TRUST
CIK 0001267150
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001267150
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 7:25 PM ET
- Size
- 7.6 KB