-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DIE7TkPm8F4F7HH4gxo2M+D1bmVIsl7Reo68Dps3OUI0L5OFlYTWQLeIY53l+a3C vgoW4TX8pINjqVCeZGtAjQ== 0000898382-10-000005.txt : 20100204 0000898382-10-000005.hdr.sgml : 20100204 20100204134302 ACCESSION NUMBER: 0000898382-10-000005 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100204 DATE AS OF CHANGE: 20100204 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KKR Financial Holdings LLC CENTRAL INDEX KEY: 0001386926 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 113801844 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82848 FILM NUMBER: 10573509 BUSINESS ADDRESS: STREET 1: 555 CALIFORNIA STREET, 50TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: (415) 315-3620 MAIL ADDRESS: STREET 1: 555 CALIFORNIA STREET, 50TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERMAN LEON G CENTRAL INDEX KEY: 0000898382 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL ST PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 SC 13G/A 1 kfn-sc13g1_lgc022010.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* KKR FINANCIAL HOLDINGS LLC ----------------------------------------------------------- (Name of Issuer) Common Shares ----------------------------------------------------------- (Title of Class of Securities) 48248A306 ----------------------------------------------------------- (CUSIP Number) December 31, 2009 ----------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) - ------------------ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 48248A306 --------- 1. Names of Reporting Persons/ I.R.S. Identification Nos. of Above Persons (entities only): LEON G. COOPERMAN - ---------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_] (b) [X] - ----------------------------------------------------------------- 3. SEC Use Only - ----------------------------------------------------------------- 4. Citizenship or Place of Organization: UNITED STATES - ----------------------------------------------------------------- Number of 5. Sole Voting Power: 9,167,354 Shares Bene- ficially 6. Shared Voting Power 6,518,213 Owned by Each Report- 7. Sole Dispositive Power: 9,167,354 ing Person With 8. Shared Dispositive Power 6,518,213 - ----------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 15,685,567 - ----------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [_] - ----------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9): 9.9 % - ----------------------------------------------------------------- 12. Type of Reporting Person IN - ----------------------------------------------------------------- 2 CUSIP No. 48248A306 --------- This statement is filed with respect to the Shares of KKR FINANCIAL HOLDINGS LLC (the "Issuer") beneficially owned by LEON G. COOPERMAN as of December 31, 2009 and amends and supplements the Schedule 13G previously filed ( the "Schedule 13G"). Except as set forth herein the Schedule 13G is unmodified. Item 4. Ownership: Item 4(a) (b) Amount Beneficially Owned and Percent of Class: Mr. Cooperman may be deemed the beneficial owner of 15,685,567 Shares which constitutes approximately 9.9% of the total number of Shares outstanding. This is based on a total of 158,359,757 Shares outstanding as reported on the Company's Form 10-Q for the quarterly period ended September 30, 2009. This consists of 2,908,130 Shares owned by Capital LP; 659,425 Shares owned by Investors LP; 999,195 Shares owned by Equity LP; 2,400,604 Shares owned by Overseas; 6,518,213 Shares owned by the Managed Accounts; 2,000,000 Shares owned by the Foundation; and 200,000 Shares owned by Mr. Cooperman. Item 4(c). Number of Shares as to which such person has: (i) Sole power to vote or to direct the vote: 9,167,354 (ii) Shared power to vote or to direct the vote: 6,518,213 (iii) Sole power to dispose or to direct the disposition of: 9,167,354 (iv) Shared power to dispose or to direct the disposition of: 6,518,213 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable. 3 CUSIP No. 48248A306 --------- Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: This Item 7 is not applicable. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. DATED: February 3, 2009 as of December 31, 2009 LEON G. COOPERMAN, individually, and as Managing Member of Omega Associates, L.L.C. on behalf of Omega Capital Partners, L.P., Omega Capital Investors, L.P., Omega Equity Investors, L.P.,and as President of Omega Advisors, Inc. By /s/ ALAN M. STARK ------------------ Alan M. Stark Attorney-in-Fact Power of Attorney on file ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). 4 -----END PRIVACY-ENHANCED MESSAGE-----