SEC Form 4 · accession 0000899243-18-028924
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
Nov 9, 2018
Accepted (ET)
Nov 14, 2018 · 4:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001692787
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CLASS A COMMON STOCK | Nov 9, 2018 | C | 2,000,000 | $10.00 | A | 2,000,000 | I | SEE REMARKS |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WARRANTS | $10.00 | Nov 9, 2018 | J | 3,182,140 | D | Nov 9, 2018 | Nov 9, 2023 | CLASS A COMMON | 3,182,140 | 3,182,141 | I |
| CLASS B COMMON | $10.00 | Nov 9, 2018 | J | 5,570,422 | D | Nov 9, 2018 | Nov 9, 2018 | CLASS A COMMON | 5,570,422 | 2,000,000 | I |
| CLASS B COMMON | $10.00 | Nov 9, 2018 | J | 2,000,000 | D | Nov 9, 2018 | Nov 9, 2018 | CLASS A COMMON | 2,000,000 | 0 | I |
Explanation of responses
- F1CONVERSION OF 2,000,000 SHARES OF CLASS B COMMON STOCK HELD BY KAYNE ANDERSON SPONSOR, LLC ("KAYNE SPONSOR"), WHICH IS CONTROLLED BY KAYNE ANDERSON CAPITAL ADVISORS, L.P.
- F2AS PART OF THE BUSINESS COMBINATION TRANSACTION INVOLVING THE ISSUER,KAYNE SPONSOR REDEEMED WARRANTS EXERCISABLE FOR 3,182,140 SHARES OF CLASS A COMMON STOCK AND REISSUED/TRANSFERRED TO AN UNAFFILIATED THIRD PARTY SHAREHOLDER OF THE ISSUER.
- F3AS PART OF THE BUSINESS COMBINATION TRANSACTION INVOLVING THE ISSUER,KAYNE SPONSOR REDEEMED 5,570 ,422 SHARES OF CLASS B COMMON STOCK AND REISSUED/TRANSFERRED TO AN UNAFFILIATED THIRD PARTY SHAREHOLDER OF THE ISSUER. THE REMAINING 2,000,000 SHARES OF CLASS B COMMON STOCK OWNED BY KAYNE SPONSOR WERE CONVERTED TO CLASS A COMMON STOCK.