SEC Form 4 · accession 0000899243-17-010849
Kinetik Holdings Inc. · KNTK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Richard A Kayne
10% Owner
KAYNE ANDERSON CAPITAL ADVISORS LP
10% Owner
Kayne Anderson Sponsor, LLC
10% Owner
Period of report
Apr 21, 2017
Accepted (ET)
Apr 25, 2017 · 3:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001692787
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | — | Apr 21, 2017 | J | 629,472 | D | — | — | Class A Common Stock | 629,472 | 9,353,028 | D |
Explanation of responses
- F1As described in the issuer's registration statement on Form S-1 (File No. 333-216514) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and has no expiration date.
- F2As contemplated in connection with the initial public offering of the issuer, 629,472 shares of Class B common stock of the issuer were returned by Kayne Anderson Sponsor, LLC to the issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full.