SEC Form 3 · accession 0000899243-18-030567

Kinetik Holdings Inc. · KNTK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

10% Owner

10% Owner

Period of report

Nov 9, 2018

Accepted (ET)

Dec 10, 2018 · 5:59 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^F1	holding	—	—		—	7,313,028	I	See Footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants (right to buy)^F1	$11.50	holding	—	—	—	Dec 9, 2018	Nov 9, 2023	Class A Common Stock	3,182,140	—	I
Class C Common Stock^F1,F2,F3	—	holding	—	—	—	May 8, 2019	—	Class A Common Stock	250,000,000	—	I

F1The reported securities are owned directly by Apache Midstream LLC, which is a wholly owned subsidiary of Apache Corporation.
F2In connection with the closing of the Issuer's initial business combination on November 9, 2018 (the "Closing"), the Issuer issued to Apache Midstream LLC 250,000,000 shares of the Issuer's Class C common stock, par value $0.0001 per share ("Class C Common Stock"), and caused its subsidiary, Altus Midstream LP, to issue to Apache Midstream LLC an equal number of common units representing limited partner interests in Altus Midstream LP ("Common Units") in exchange for certain interests of Apache Midstream LLC. Common Units, when combined with an equal number of shares of Class C Common Stock, may, at the option of the holder, be redeemed for shares of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"),
F3(Continued from footnote 2) on a one-for-one basis or, at Altus Midstream LP's option, redeemed for an equivalent amount of cash, at any time after the date that is 180 days after the Closing. Upon redemption, shares of Class C Common Stock will be cancelled. Shares of Class C Common Stock have no expiration date.