X0202 4 2003-12-11 0001003201 MUNICIPAL MORTGAGE & EQUITY LLC MMA 0000940055 BAUM CHARLES C C/O MUNICIPAL MORTGAGE & EQUITY, LLC 621 EAST PRATT STREET, SUITE 300 BALTIMORE MD 21202 1 0 0 0 Common Shares 35989.572 D Common Shares 2004-05-10 4 P 0 500 22.512 A 500 I By Wife Common Shares 2004-03-16 4 P 0 600 25.3933 A 600 I By Wife Common Shares 2003-12-11 4 P 0 200 24.1107 A 200 I By Wife Mr. Baum disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Brian D. Sims, Attorney-in-fact 2007-02-16