Form 4 for PAGP PLAINS GP HOLDINGS LP
Accepted 2021-07-02 00:00:00 ET · period of report 2021-06-30 · accession 0001638397-21-000027 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2021-07-02 | 2021-06-30 | PAGP | KAFU Holdings (QP), L.P. | Dir, See remarks | J - Other | $0.00 | 0 | 0 | New | $0 |
| DI | 2021-07-02 | 2021-06-30 | PAGP | KAFU Holdings (QP), L.P. | Dir, See remarks | M - OptEx | $0.00 | -25.6K | 15.27M | -0.2% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Shares | 2021-06-30 | J | A | 25,554 | $0.00 | 25,554 | I See footnotes | — | — | (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. (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 June 30, 2021, KAFU Holdings (QP), L.P. exercised the Exchange Right with respect to 25,554 Class A Units. |
| 2 | Common | Class A Shares | 2021-06-30 | J | D | 25,554 | $0.00 | 0 | I See footnotes | — | — | (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. (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 June 30, 2021, KAFU Holdings (QP), L.P. exercised the Exchange Right with respect to 25,554 Class A Units. |
| 3 | Derivative | Class B Shares/Class A Units/GP Units | 2021-06-30 | M | D | 25,554 | $0.00 | 15,273,461 | I See footnotes | $0.00 · — to — | 25,554 Class A Shares | (F4) In a simultaneous transaction, KAFU exercised the redemption right provided for in the limited partnership agreement of AAP with respect to 535,009 Class A units. As a result, such Class A units were cancelled and 535,009 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. (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. (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 June 30, 2021, KAFU Holdings (QP), L.P. exercised the Exchange Right with respect to 25,554 Class A Units. |