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Filing Details

Accession Number:: 0001181431-10-053142
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-11-03 12:53:00
Reporting Period:: 2010-11-01

Filing Date:: 2010-11-03
Accepted Time:: 2010-11-03 12:53:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1173172	Pnc Absolute Return Fund Llc	NONE	()	743043225

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
905582	Pnc Investment Corp	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	2010-11-01	0	$0.00	0	No	4	S	Direct

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

Footnotes

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 December 31, 2010.
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 December 31, 2010. 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 December 31, 2010. 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.