SEC Form 4 · accession 0000899243-17-015423
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
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 7:42 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 | — | Jun 1, 2017 | J | 40,000 | D | — | — | Class A Common Stock | 40,000 | 9,313,028 | 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.
- F2In connection with Mark Borer's election as an independent director of the issuer, 40,000 shares of Class B common stock of the issuer were transferred by Kayne Anderson Sponsor, LLC to Mr. Borer for no consideration.