APACHE CORP - 11 Jan 2022 Form 4 Insider Report for Altus Midstream Co (KNTK)

Role
10%+ Owner
Signature
/s/ Ben C. Rodgers, Authorized Officer of each Reporting Owner
Issuer symbol
KNTK
Transactions as of
11 Jan 2022
Net transactions value
$0
Form type
4
Filing time
13 Jan 2022, 11:32:18 UTC
Next filing
15 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNTK Class A Common Stock Conversion of derivative security +12,500,000 +3419% 12,865,651 11 Jan 2022 See Footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KNTK Class C Common Stock Conversion of derivative security -12,500,000 -100% 0 11 Jan 2022 Class A Common Stock 12,500,000 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported Class C Common Stock, together with common units representing limited partner interest in Altus Midstream LP, may be redeemed for shares of Class A Common Stock, or an equivalent amount of cash, on a one-for-one basis. The shares of Class C Common Stock have no expiration date.
F2 The reported securities are owned directly by Apache Midstream LLC, which is a wholly owned subsidiary of Apache Corporation.