4//SEC Filing
KAFU Holdings II, L.P. 4
Accession 0001304186-17-000014
CIK 0001070423other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 7:29 PM ET
Size
15.0 KB
Accession
0001304186-17-000014
Insider Transaction Report
Form 4
Transactions
- Award
Common Units
2017-09-29+1,173,528→ 1,173,528 total(indirect: See footnotes) - Other
Common Units
2017-09-29−1,173,528→ 0 total(indirect: See footnotes) - Exercise/Conversion
Class B Shares/Class A Units/GP Units
2017-09-29−1,173,528→ 21,049,662 total(indirect: See Footnote)Exercise: $0.00→ Common Units (1,173,528 underlying)
KAFU HOLDINGS, L.P.
Other
Transactions
- Other
Common Units
2017-09-29−1,173,528→ 0 total(indirect: See footnotes) - Exercise/Conversion
Class B Shares/Class A Units/GP Units
2017-09-29−1,173,528→ 21,049,662 total(indirect: See Footnote)Exercise: $0.00→ Common Units (1,173,528 underlying) - Award
Common Units
2017-09-29+1,173,528→ 1,173,528 total(indirect: See footnotes)
Transactions
- Other
Common Units
2017-09-29−1,173,528→ 0 total(indirect: See footnotes) - Award
Common Units
2017-09-29+1,173,528→ 1,173,528 total(indirect: See footnotes) - Exercise/Conversion
Class B Shares/Class A Units/GP Units
2017-09-29−1,173,528→ 21,049,662 total(indirect: See Footnote)Exercise: $0.00→ Common Units (1,173,528 underlying)
Footnotes (5)
- [F1]The Eighth Amended and Restated limited partnership agreement of Plains AAP, L.P. ("AAP") provides that each limited partner holding Class A Units will have the right, subject to certain limitations, to redeem its Class A Units for common units ("Common Units") of Plains All American Pipeline, L.P. (the "Issuer") held by AAP on a one-for-one basis, by delivering Class A Units to AAP with the associated Class B Shares in Plains GP Holdings, L.P. ("PAGP") and GP Units in PAA GP Holdings LLC (if applicable), to PAGP (the "Redemption Right"). Prior to November 15, 2017, the Reporting Persons may not exercise their Redemption Right if such exercise would result in the redemption (together with any redemptions by the Reporting Persons) of more than 78% of the Class A Units held by the Reporting Persons on November 15, 2016. The Redemption Right does not expire. (Continued on Footnote 2)
- [F2]On September 29, 2017, KAFU Holdings, L.P. and KAFU Holdings (QP), L.P. exercised the Redemption Right with respect to an aggregate 1,173,528 Class A Units.
- [F3]KAFU Holdings (QP), L.P., KAFU Holdings, L.P. and KAFU Holdings II, L.P. (Collectively, "KAFU") own an equivalent number of Class A Units, Class B Shares and GP Units. KACALP is the manager of the general partner of KAFU and may be deemed to beneficially own the Class A Units, Class B Shares and GP Units held by KAFU.
- [F4]The reported transactions involve an in-kind distribution to redeeming limited partners of KAFU Holdings (QP), L.P. and KAFU Holdings, L.P.
- [F5]In a simultaneous transaction, KAFU exercised the exchange right provided for in the limited partnership agreement of AAP pursuant to which 38,267 Class A Units, Class B Shares and GP Units were exchanged for a like number of PAGP Class A Shares. The number of derivative securities owned reflects both the redemption transaction reported herein and the simultaneous exchange transaction.
Documents
Issuer
PLAINS ALL AMERICAN PIPELINE LP
CIK 0001070423
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001590087
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 7:29 PM ET
- Size
- 15.0 KB