SEC Form 4 · accession 0001506307-18-000030
KINDER MORGAN, INC. · KMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Patrick Michels
Officer — VP and Chief Financial Officer
Period of report
Jul 14, 2018
Accepted (ET)
Jul 17, 2018 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001506307
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class P Common StockF1 | Jul 14, 2018 | M | 4,340 | — | A | 25,092 | D | |
| Class P Common StockF2,F3 | Jul 14, 2018 | F | 1,057 | $17.91 | D | 24,035 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1 | — | Jul 14, 2018 | M | 4,340 | D | — | — | Class P Common Stock | 4,340 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, at settlement, one share of Class P Common Stock. This transaction represents the settlement of restricted stock units in shares of Class P Common Stock on their scheduled vesting date of July 14, 2018.
- F2Represents shares withheld by the issuer to satisfy tax withholding obligations upon vesting of 4,340 restricted stock units under the Kinder Morgan, Inc. 2015 Amended and Restated Stock Incentive Plan.
- F3Closing price of Class P Common Stock on the trading day next preceding the date of vesting and settlement of the restricted stock units.