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Filing Details

Accession Number:: 0001181431-11-053910
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2011-10-31 13:42:28
Reporting Period:: 2011-08-09

Filing Date:: 2011-10-31
Accepted Time:: 2011-10-31 13:42:28
Original Submission Date:: 2011-08-11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1198144	Pnc Alternative Strategies Fund Llc	NONE	()	470892581

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
905582	Pnc Investment Co Llc	300 Delaware Avenue, Suite 304 Wilmington DE 19801		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Limited Liability Company Interest	Disposition	2011-08-09	787,500	$787,500.00	9,255,602	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

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 August 9,2011 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 September 30, 2011.
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 September 30, 2011. On October 28, 2011, the reporting person received a communication from the issuer indicating that the net asset value at September 30, 2011 of the reporting person's interests sold in the tender offer (and, therefore, the price the issuer is paying for the interests) is $787,500.
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 September 30, 2011. The issuer provided information as to this amount in the October 28, 2011 communication to the reporting person.