UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 0R 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): DECEMBER 16, 2002
Commission File Number: 1-10813
PLM EQUIPMENT GROWTH FUND III
(Exact name of registrant as specified in its charter)
CALIFORNIA 68-0146197
(State of jurisdiction (I.R.S. Employer
of Incorporation) Identification No.)
235 3RD STREET SOUTH, SUITE 200
ST. PETERSBURG, FL 33701
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (727) 803-1800
ITEM 5. Other Events.
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On December 16, 2002, PLM Equipment Growth Fund III (the "Partnership")
distributed $0.58 per unit in cash generated from the operations of the
Partnership and the disposition of equipment. In total, $6,026,633.22 was
distributed to the general and limited partner unitholders of the Partnership.
On December 31, 2002, the Partnership completed its liquidation and
dissolution pursuant to a Plan of Dissolution and Liquidation (the "Plan"),
which provided for the liquidation of the assets of, and the dissolution of, the
Partnership.
In furtherance of the Plan, the Partnership entered into a Liquidating
Trust Agreement (the "Liquidating Trust Agreement") with PLM Financial Services,
Inc., the General Partner of the Partnership (the "Trustee"), as trustee of the
PLM Equipment Growth Fund III Liquidating Trust (the "Liquidating Trust"). As
of December 31, 2002, the general and limited partner unitholders of the
Partnership received a pro rata beneficial interest in the Liquidating Trust in
exchange for such holder's Partnership units.
In accordance with the Plan and the Liquidating Trust Agreement, the
Partnership has transferred all of its remaining cash and non-cash assets and
all of its remaining liabilities to the Liquidating Trust. On December 31,
2002, the Partnership filed a Certificate of Cancellation with the Secretary of
State of the State of California.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
2.1 Plan of Dissolution and Liquidation
10.2 Liquidating Trust Agreement
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PLM EQUIPMENT GROWTH FUND III
By: PLM Financial Services, Inc.,
its General Partner
By: /s/Richard K Brock
RICHARD K BROCK
CHIEF FINANCIAL OFFICER
(PRINCIPAL FINANCIAL OFFICER)
Date: December 31, 2002
Exhibit Index
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Exhibit 2.1 Plan of Dissolution and Liquidation (filed herewith)
Exhibit 10.2 Liquidating Trust Agreement (filed herewith)