KAFU Holdings (QP), L.P. 4
4 · PLAINS ALL AMERICAN PIPELINE LP · Filed Jul 2, 2020
Insider Transaction Report
Form 4
Transactions
- Other
Common Stock
2020-06-30+40,679→ 40,679 total(indirect: See footnotes) - Exercise/Conversion
Class B Shares/Class A Units/GP Units
2020-06-30−40,679→ 15,923,666 total(indirect: See footnotes)Exercise: $0.00→ Common Units (40,679 underlying) - Other
Common Stock
2020-06-30−40,679→ 0 total(indirect: See footnotes)
Footnotes (3)
- [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"). The Redemption Right does not expire. On June 30, 2020, KAFU Holdings (QP), L.P. exercised the Redemption Right with respect to an aggregate 40,679 Class A Units.
- [F2]KAFU Holdings (QP), L.P. ("KAFU") owns 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.
- [F3]The reported transactions involve an in-kind distribution to redeeming limited partners of KAFU Holdings (QP), L.P.