SEC Form 4 · accession 0001506307-18-000071
KINDER MORGAN, INC. · KMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian D Anderson
Officer — V.P./Pres,Kinder Morgan Canada
Period of report
Aug 31, 2018
Accepted (ET)
Sep 5, 2018 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001506307
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Restricted Stock UnitF3,F1,F2 | — | Aug 31, 2018 | D | 6,997 | D | — | — | Class P Common Stock | 6,997 | 0 | D |
Explanation of responses
- F1Each phantom restricted stock unit represents the right to receive, at settlement, cash in an amount equal to the closing price of one share of Class P Common Stock on the date of settlement, or the trading day next preceding the date of settlement, if such date is not on a trading day. This transaction represents the cash settlement of phantom restricted stock units on August 31, 2018 as a result of the closing of the transactions contemplated by theshare and unit purchase agreement, dated May 29, 2018, among Kinder Morgan Cochin ULC, Her Majesty in right of Canada, Kinder Morgan Canada Limited and the issuer.
- F2These phantom restricted stock units were scheduled to vest and settle on July 19, 2019, subject to achievement of certain performance hurdles and satisfaction of other vesting requirements.
- F3Closing price of Class P Common Stock on the date of settlement.