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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Nuveen Dividend Advantage
Municipal Fund 3
(Name of Issuer)
Auction Preferred Stock
(Title of Class of Securities)
67070X200
67070X309
67070X408
(CUSIP Number(s))
October 31, 2011
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
þ Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing
on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be
“filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP NO(s). |
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67070X200
67070X309
67070X408 |
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NAMES OF REPORTING PERSONS
UBS AG, for the benefit and on behalf of UBS Securities LLC and UBS Financial Services Inc., two-wholly owned subsidiaries of UBS AG to which
UBS AG has delegated portions of its performance obligations with respect to the Auction Rate Securities Rights issued by UBS AG to certain
clients and pursuant to which the securities reported herein have been purchased from such clients. |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) o |
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SEC USE ONLY |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Switzerland |
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5 |
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SOLE VOTING POWER |
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| NUMBER OF |
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0 |
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| SHARES |
6 |
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SHARED VOTING POWER |
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| OWNED BY |
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0** |
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| EACH |
7 |
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SOLE DISPOSITIVE POWER |
| REPORTING |
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| PERSON |
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0 |
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| WITH: |
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SHARED DISPOSITIVE POWER |
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0** |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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0** |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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0%*** |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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BK |
** These amounts reflect UBS AG’s combined holdings in the series of auction
preferred stock of
the issuer identified by the CUSIP number(s) set forth on the cover page of this Schedule 13G.
*** This calculation reflects a fraction the numerator of which is the total set forth
in Item
9 of this cover page and the denominator of which is the aggregate amount of auction preferred stock of all series identified in Item
2(e) of
this Schedule 13G, which latter amount is treated herein as a single class of securities in accordance with the Auction Rate
Securities--Global Exemptive Relief letter issued by the staff of the Securities and Exchange Commission on September 22, 2008
(the “Global
Relief Letter”).
Page 2 of 5
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CUSIP NO(s). |
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67070X200
67070X309
67070X408 |
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Nuveen Dividend Advantage Municipal Fund 3
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| Item 1(b) |
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Address of Issuer’s Principal Executive Offices: |
Nuveen Dividend Advantage Municipal Fund 3
333 W. Wacker Dr.
Chicago, IL 60606
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| Item 2(a) |
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Name of Person Filing: |
UBS AG
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| Item 2(b) |
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Address of Principal Business Office: |
UBS AG
Bahnhofstrasse 45
PO Box CH-8021
Zurich, Switzerland
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| Item 2(c) |
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Citizenship or Place of Organization: |
Switzerland
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| Item 2(d) |
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Title of Class of Securities |
Auction Preferred Stock
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| Item 2(e) |
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CUSIP Number(s): |
67070X200
67070X309
67070X408
This response lists the CUSIP numbers assigned to every series of auction
preferred securities issued by the Issuer, and not redeemed as of January 31,
2009, including series in which UBS AG may not have an ownership position.
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Type of Person Filing: |
UBS AG is classified as a Bank as defined in section 3(a)(6) of the
Securities Act or 1933 pursuant to no-action relief granted by the staff of
the Securities and Exchange Commission.
Page 3 of 5
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CUSIP NO(s). |
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67070X200
67070X309
67070X408 |
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| Item 4 (a)-(c)(iv). |
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Ownership: |
Items 5-11 of the cover page and Item 2(e) above are incorporated by
reference in our response to this Item 4.
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| Item 5. |
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Ownership of Five Percent or Less of a Class: |
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following þ
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| Item 6. |
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Ownership of More than Five Percent on Behalf of Another Person: |
Not applicable
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| Item 7. |
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Identification and Classification of the Subsidiary That Acquired the
Security Being Reported on By the Parent Holding Company: |
This statement on Schedule 13G is being filed by UBS AG, for the benefit and
on behalf of UBS Securities LLC and UBS Financial Services Inc., two-wholly
owned subsidiaries of UBS AG to which UBS AG has delegated portions of its
performance obligations with respect to the Auction Rate Securities Rights
issued by UBS AG to certain clients and pursuant to which the securities
reported herein have been purchased from such clients
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| Item 8. |
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Identification and Classification of Members of the Group |
Not Applicable
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| Item 9 |
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Notice of Dissolution of Group: |
Not Applicable
By signing below, the undersigned certify that, to the best of their
knowledge and belief, (i) the securities referred to above were acquired and
are held in the ordinary course of business and were not acquired and are not
held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect, and (ii) that the reporting person(s) identified above are
eligible to rely upon the Global Relief Letter with respect to the submission
of this Schedule 13G.
Page 4 of 5
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CUSIP NO(s). |
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67070X200
67070X309
67070X408 |
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
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By: |
/s/ Anthony DeFilippis
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Executive Director |
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Central Compliance |
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By: |
/s/ William Chandler
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Managing Director |
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Date:
November 10, 2011
Page 5 of 5