X0206 3 2013-04-15 0 0001572914 Excelsior Private Markets Fund III (Master), LLC NONE 0001332472 Murphy Stephen V C/O BANK OF AMERICA CAPITAL ADVISORS LLC 100 FEDERAL STREET BOSTON MA 02110 1 0 0 0 Limited Liability Company Interests 0 D The Reporting Person became a Manager of the Issuer April 15, 2013. The filing of this statement with the inclusion of the foregoing information shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any equity securities covered by this statement. /s/ Stephen V. Murphy 2013-04-24