4//SEC Filing
KAFU Holdings (QP), L.P. 4
Accession 0001638397-20-000002
CIK 0001581990other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 6:12 PM ET
Size
13.3 KB
Accession
0001638397-20-000002
Insider Transaction Report
Form 4
KAFU Holdings (QP), L.P.
Director10% Owner
Transactions
- Exercise/Conversion
Class B Shares/Class A Units/GP Units
2019-12-31−7,583→ 16,026,307 total(indirect: See footnotes)Exercise: $0.00→ Class A Shares (7,583 underlying) - Other
Common Stock
2019-12-31+7,583→ 7,583 total(indirect: See footnotes) - Other
Common Stock
2019-12-31−7,583→ 0 total(indirect: See footnotes)
KAYNE ANDERSON CAPITAL ADVISORS LP
Director10% Owner
Transactions
- Exercise/Conversion
Class B Shares/Class A Units/GP Units
2019-12-31−7,583→ 16,026,307 total(indirect: See footnotes)Exercise: $0.00→ Class A Shares (7,583 underlying) - Other
Common Stock
2019-12-31−7,583→ 0 total(indirect: See footnotes) - Other
Common Stock
2019-12-31+7,583→ 7,583 total(indirect: See footnotes)
Footnotes (4)
- [F1]KAFU Holdings (QP), L.P. ("KAFU") holds Class B shares representing limited partner interests in Plains GP Holdings L.P. (the "Issuer"), an equivalent number of units representing limited liability company interests of the Issuer's general partner ("GP Units"), and an equivalent number of Class A Units representing limited partner interests in Plains AAP, L.P. ("AAP"). The Eighth Amended and Restated Limited Partnership Agreement of AAP provides that each limited partner of AAP, including KAFU, has the right at any time (without expiration) to immediately exchange (the "Exchange Right") its Class A units in AAP together with a like number of Class B shares and GP Units, for a like number of Class A shares of the Issuer. On December 31, 2019, KAFU Holdings (QP), L.P. exercised the Exchange Right with respect to 7,583 Class A Units.
- [F2]Kayne Anderson Capital Advisors, L.P. ("KACALP") is the manager of the general partner of KAFU and may be deemed to beneficially own the Class B Shares, Class A Units, and GP Units held by KAFU. The filing of this statement shall not be construed as an admission that either KAFU or KACALP are, for purposes of Section 13(d) of the Exchange Act, as amended, the beneficial owner of any security.
- [F3]The reported transaction involves an in-kind distribution to redeeming limited partners of KAFU Holdings (QP), L.P.
- [F4]In a simultaneous transaction, KAFU exercised the redemption right provided for in the limited partnership agreement of AAP with respect to 191,177 Class A units. As a result, such Class A units were cancelled and 191,177 Common Units of Plains All American Pipeline, L.P. were distributed by AAP to KAFU. The number of derivative securities owned reflects both the exchange transaction reported herein and the simultaneous redemption transaction.
Documents
Issuer
PLAINS GP HOLDINGS LP
CIK 0001581990
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001638385
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 6:12 PM ET
- Size
- 13.3 KB