Form 4 for PAA PLAINS ALL AMERICAN PIPELINE LP
Accepted 2021-10-04 00:00:00 ET · period of report 2021-09-30 · accession 0001638397-21-000032 · 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 | 2021-10-04 | 2021-09-30 | PAA | KAYNE ANDERSON CAPITAL ADVISORS LP | See remarks | J - Other | $0.00 | 0 | 0 | New | $0 |
| DI | 2021-10-04 | 2021-09-30 | PAA | KAYNE ANDERSON CAPITAL ADVISORS LP | See remarks | M - OptEx | $0.00 | -3.38M | 11.89M | -22% | $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 | Common Stock | 2021-09-30 | J | A | 3,381,046 | $0.00 | 3,381,046 | I See footnotes | — | — | (F2) KAFU Holdings (QP), L.P. ("KAFU") owns an equivalent number of Class A Units, Class B Shares and GP Units. KACALP is the managing member of the manager 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. (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 September 30, 2021, KAFU Holdings (QP), L.P. exercised the Redemption Right with respect to an aggregate 3,381,046 Class A Units. |
| 2 | Common | Common Stock | 2021-09-30 | J | D | 3,381,046 | $0.00 | 0 | I See footnotes | — | — | (F2) KAFU Holdings (QP), L.P. ("KAFU") owns an equivalent number of Class A Units, Class B Shares and GP Units. KACALP is the managing member of the manager 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. (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 September 30, 2021, KAFU Holdings (QP), L.P. exercised the Redemption Right with respect to an aggregate 3,381,046 Class A Units. |
| 3 | Derivative | Class B Shares/Class A Units/GP Units | 2021-09-30 | M | D | 3,381,046 | $0.00 | 11,892,415 | I See footnote | $0.00 · — to — | 3,381,046 Common 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 managing member of the manager of KAFU and may be deemed to beneficially own the Class A Units, Class B Shares and GP Units held by KAFU. (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 September 30, 2021, KAFU Holdings (QP), L.P. exercised the Redemption Right with respect to an aggregate 3,381,046 Class A Units. |