0001181431-11-024423.txt : 20110418 0001181431-11-024423.hdr.sgml : 20110418 20110418165138 ACCESSION NUMBER: 0001181431-11-024423 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110418 FILED AS OF DATE: 20110418 DATE AS OF CHANGE: 20110418 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PNC ALTERNATIVE STRATEGIES FUND LLC CENTRAL INDEX KEY: 0001198144 IRS NUMBER: 470892581 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: TWO HOPKINS PLAZA CITY: BALTIMORE STATE: MD ZIP: 21201 BUSINESS PHONE: 800-239-0418 MAIL ADDRESS: STREET 1: TWO HOPKINS PLAZA CITY: BALTIMORE STATE: MD ZIP: 21201 FORMER COMPANY: FORMER CONFORMED NAME: MERCANTILE ALTERNATIVE STRATEGIES FUND LLC DATE OF NAME CHANGE: 20021223 FORMER COMPANY: FORMER CONFORMED NAME: MERCANTILE SMALL CAP MANAGER FUND LLC DATE OF NAME CHANGE: 20021021 FORMER COMPANY: FORMER CONFORMED NAME: MERCANTILE CAPITAL OPPORTUNITIES FUND LLC DATE OF NAME CHANGE: 20021011 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PNC INVESTMENT Co LLC CENTRAL INDEX KEY: 0000905582 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 811-21257 FILM NUMBER: 11765910 BUSINESS ADDRESS: STREET 1: 249 FIFTH AVE. STREET 2: ONE PLAZA, 21ST FLOOR CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 2155855350 MAIL ADDRESS: STREET 1: 222 DELAWARE AVNUE CITY: WILMINGTON STATE: DE ZIP: 19899 FORMER NAME: FORMER CONFORMED NAME: PNC INVESTMENT CORP DATE OF NAME CHANGE: 19980107 4 1 rrd308737.xml PNCI FORM 4 PASF 6 30 11 X0303 4 2011-04-18 0 0001198144 PNC ALTERNATIVE STRATEGIES FUND LLC NONE 0000905582 PNC INVESTMENT Co LLC 300 DELAWARE AVENUE, SUITE 304 WILMINGTON DE 19801 0 0 1 0 Limited Liability Company Interest 2011-04-18 4 S 0 0 0 D 0 D The transaction reported on this 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 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. As noted below, however, the amount to be paid by the issuer will be based on the net asset value of the purchased interests on June 30, 2011. Under the terms of the offer, the reporting person's interests will be purchased based on their net asset value (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 June 30, 2011. Because the calculation has not yet occurred, the reporting person does not know the net asset value of the interests sold, which corresponds to the price of the interests sold. The reporting person will provide this information by an amendment to this Form 4. The amount to be reported as beneficially owned following the transaction will be equal to the reporting person's capital account balance in the issuer, calculated as of June 30, 2011. Because the calculation has not yet occurred, the reporting person does not know the capital account balance attributable to the interests it will continue to own. The reporting person will provide information regarding the amount beneficially owned following the transaction by an amendment to this Form 4. /s/Peter M. Chiste, Vice President 2011-04-18