0001638397-21-000011.txt : 20210401
0001638397-21-000011.hdr.sgml : 20210401
20210401123307
ACCESSION NUMBER: 0001638397-21-000011
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210331
FILED AS OF DATE: 20210401
DATE AS OF CHANGE: 20210401
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KAYNE ANDERSON CAPITAL ADVISORS LP
CENTRAL INDEX KEY: 0000949615
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14569
FILM NUMBER: 21796999
BUSINESS ADDRESS:
STREET 1: 1800 AVENUE OF THE STARS
STREET 2: 3RD FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: 3105562721
MAIL ADDRESS:
STREET 1: 1800 AVENUE OF THE STARS
STREET 2: 3RD FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
FORMER NAME:
FORMER CONFORMED NAME: KAIM NON TRADITIONAL L P/CA
DATE OF NAME CHANGE: 19960605
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KAFU Holdings (QP), L.P.
CENTRAL INDEX KEY: 0001638385
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14569
FILM NUMBER: 21797000
BUSINESS ADDRESS:
STREET 1: 1800 AVENUE OF THE STARS, SUITE 300
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
BUSINESS PHONE: (310) 282-7900
MAIL ADDRESS:
STREET 1: 1800 AVENUE OF THE STARS, SUITE 300
CITY: LOS ANGELES
STATE: CA
ZIP: 90067
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PLAINS ALL AMERICAN PIPELINE LP
CENTRAL INDEX KEY: 0001070423
STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610]
IRS NUMBER: 760582150
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 333 CLAY STREET
STREET 2: SUITE 1600
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 7136544100
MAIL ADDRESS:
STREET 1: 333 CLAY STREET
STREET 2: SUITE 1600
CITY: HOUSTON
STATE: TX
ZIP: 77002
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2021-03-31
0
0001070423
PLAINS ALL AMERICAN PIPELINE LP
PAA
0001638385
KAFU Holdings (QP), L.P.
1800 AVENUE OF THE STARS, 3RD FLOOR
LOS ANGELES
CA
90067
1
0
0
1
See remarks
0000949615
KAYNE ANDERSON CAPITAL ADVISORS LP
1800 AVENUE OF THE STARS
3RD FLOOR
LOS ANGELES
CA
90067
1
0
0
1
See remarks
Common Stock
2021-03-31
4
J
0
4891
0
A
4891
I
See footnotes
Common Stock
2021-03-31
4
J
0
4891
0
D
0
I
See footnotes
Class B Shares/Class A Units/GP Units
0
2021-03-31
4
M
0
4891
0
D
Common Units
4891
15834024
I
See footnote
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 March 31, 2021, KAFU Holdings (QP), L.P. exercised the Redemption Right with respect to an aggregate 4,891 Class A Units.
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.
The reported transactions involve an in-kind distribution to redeeming limited partners of KAFU Holdings (QP), L.P.
In a simultaneous transaction, KAFU exercised the exchange right provided for in the limited partnership agreement of AAP with respect to 811 Class A units. As a result, such Class A units were cancelled and 811 Class A Shares of PAGP were issued to KAFU. The number of derivative securities owned reflects both the redemption transaction reported herein and the simultaneous exchange transaction.
Kevin McCarthy is a director of the managing general partner of the Issuer. Based on the relationship of Mr. McCarthy and the Reporting Persons, the Reporting Persons may be deemed directors by deputization of the Issuer. KAFU Holdings (QP), L.P., is referred to herein as the "Reporting Persons". The filing of this Statement shall not be construed as an admission that any Reporting Person is, for purposes of Section 13(d) of the Exchange Act, as amended, the beneficial owner of any security.
/s/Michael O'Neil
2021-04-01