SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CALAMOS JOHN P SR

(Last)

(First)

(Middle)

2020 CALAMOS COURT

(Street)

NAPERVILLE

60563

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Calamos Long/Short Equity & Dynamic Income Trust [ CPZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and Chairman

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2021		P		151	A	$20.8	151	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		7,203	A	$20.75	7,354	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		2,500	A	$20.78	9,854	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		600	A	$20.79	10,454	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		300	A	$20.77	10,754	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		700	A	$20.79	11,454	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		10,600	A	$20.75	22,054	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		400	A	$20.76	22,454	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		2,100	A	$20.75	24,554	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		2,500	A	$20.74	27,054	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		400	A	$20.73	27,454	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		2,800	A	$20.7	30,254	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		200	A	$20.69	30,454	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		300	A	$20.7	30,754	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		1,200	A	$20.74	31,954	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		200	A	$20.72	32,154	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		100	A	$20.73	32,254	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		100	A	$20.7	32,354	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		1,300	A	$20.68	33,654	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		1,032	A	$20.67	34,686	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		400	A	$20.68	35,086	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		2,050	A	$20.66	37,136	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		100	A	$20.63	37,236	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		200	A	$20.62	37,436	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		400	A	$20.67	37,836	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		600	A	$20.62	38,436	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		200	A	$20.61	38,636	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		100	A	$20.65	38,736	I	By John P. Calamos 1985 Trust
Common Stock	05/20/2021		P		1,750	A	$20.6	40,486	I	By John P. Calamos 1985 Trust
Common Stock⁽¹⁾								7,194.24	I	By Calamos Advisors LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. THE SHARES DENOTED AS BENEFICIALLY OWNED BY CALAMOS ADVISORS LLC (CAL) IN THIS FORM 4 ARE NOT DIRECTLY HELD FOR THE INDIVIDUAL, PERSONAL ACCOUNTS OF JOHN P. CALAMOS, SR. THESE SHARES WERE PURCHASED BY CAL PRIOR TO EFFECTIVENESS OF THE CALAMOS LONG/SHORT EQUITY & DYNAMIC INCOME TRUST'S REGISTRATION STATEMENT. CAL IS A WHOLLY OWNED SUBSIDIARY OF CALAMOS INVESTMENTS LLC (CILLC). JOHN P. CALAMOS, SR. IS THE CHAIRMAN AND GLOBAL CIO OF CALAMOS ASSET MANAGEMENT, INC., WHICH OWNS APPROXIMATELY 22% OF, AND IS THE SOLE MANAGER OF, CILLC. THE REMAINING INTEREST OF CILLC IS OWNED BY CALAMOS PARTNERS LLC (CPL) AND JOHN P. CALAMOS, SR. CALAMOS FAMILY PARTNERS, INC. (CFP) OWNS A CONTROLLING INTEREST IN CPL, AND JOHN P. CALAMOS, SR. OWNS A CONTROLLING INTEREST IN CFP. AS A RESULT, JOHN P. CALAMOS, SR. IS REQUIRED TO FILE THIS FORM 4 TO REFLECT INDIRECT BENEFICIAL OWNERSHIP OF SHARES OWNED BY CAL.

	/s/ John P. Calamos, Sr.	05/24/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.