SEC Form 4 · accession 0001584746-16-000035
KINDER MORGAN, INC. · KMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah Macdonald
Director
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 3:52 pm EST
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 Stock | holding | — | — | — | 12,226 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Depositary SharesF2,F1 | — | Jan 28, 2016 | P | 3,000 | A | — | — | Class P Common Stock | 4,632 | 3,000 | D |
Explanation of responses
- F1Each Depositary Share represents 1/20th of a share of Kinder Morgan, Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock"). At any time prior to October 26, 2018, a holder of 20 Depositary Shares may cause the conversion of one share of the Series A Preferred Stock into a number of shares of Kinder Morgan, Inc.'s Class P Common Stock ("Common Stock") equal to the minimum conversion rate of 30.8800 (equivalent to a Depositary Share to Common Stock conversion rate of 1.5440), subject to adjustment. On October 26,2018, any Depositary Shares remaining outstanding will mandatorily convert to Common Stock at a conversion rate ranging from 30.8800 to 36.2840 shares of Common Stock per Depositary Share (or a Series A Preferred Stock to Common Stock conversion rate ranging from 1.5440 to 1.8142), subject to adjustment.
- F2The price reported in column 8 is a weighted average price. These depositary shares were purchased in multiple transactions at prices ranging from $42.399 to $42.4987 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of depositary shares purchased at each separate price.