UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Kinder Morgan, Inc.
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(Name of Issuer)
Common Stock, par value $5 per share
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(Title of Class of Securities)
49455P
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(CUSIP Number)
James Westra, Esq.
Weil, Gotshal & Manges LLP
100 Federal Street
34th Floor
Boston, MA 02110
(617) 772-8300
R. Jay Tabor, Esq.
Weil, Gotshal & Manges LLP
200 Crescent Court
Suite 300
Dallas, Texas 75201
(214) 746-7700
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
May 28, 2006
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
*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
disclosures provided in a prior cover page.
The information required on 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).
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CUSIP No. 49455P 13D Page 2 of 21
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1 NAME OF REPORTING PERSON: Richard D. Kinder
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 23,994,827
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 23,994,827
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 23,994,827(1)
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X] (2)
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 17.96%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
(1) Amount in row 11 includes 250 shares held by Mr. Kinder for the account
of his nephew.
(2) Amount in row 11 does not include 5,173 shares owned by Mr. Kinder's
wife.
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CUSIP No. 49455P 13D Page 3 of 21
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1 NAME OF REPORTING PERSON: Portcullis Partners, LP
I.R.S. IDENTIFICATION NO. 52-2339076
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 916,000
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 916,000
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 916,000
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.69%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
------------------- -------------------------------------------------- -------------------------------------------------------------
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CUSIP No. 49455P 13D Page 4 of 21
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1 NAME OF REPORTING PERSON: Portcullis G.P., LLC
I.R.S. IDENTIFICATION NO. 76-0690186
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Texas
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 916,000
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 916,000
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 916,000
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.69%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
------------------- -------------------------------------------------- -------------------------------------------------------------
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CUSIP No. 49455P 13D Page 5 of 21
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1 NAME OF REPORTING PERSON: William V. Morgan
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: AF
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 916,000
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 916,000
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 916,000
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.69%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
------------------------------ --------------------------------------- ------------ ------------------------------------------------
CUSIP No. 49455P 13D Page 6 of 21
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1 NAME OF REPORTING PERSON: Michael C. Morgan
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 242,454
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 242,454
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 242,454(1)
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.18%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
(1) Amount in row 11 includes 89,250 shares held in the Michael C. Morgan
and Christine R. Morgan 2001 Investment Trust, a trust in which Mr. Morgan
is both a beneficiary and a trustee.
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CUSIP No. 49455P 13D Page 7 of 21
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1 NAME OF REPORTING PERSON: C. Park Shaper
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 351,949
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 351,949
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 351,949
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.26%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
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CUSIP No. 49455P 13D Page 8 of 21
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1 NAME OF REPORTING PERSON: Steven J. Kean
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 136,142
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 136,142
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 136,142
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.10%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
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CUSIP No. 49455P 13D Page 9 of 21
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1 NAME OF REPORTING PERSON: David D. Kinder
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 42,195
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 42,195
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 42,195
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X](1)
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.03%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
(1) Amount in row 11 does not include 250 shares owned by Mr. Kinder's son.
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CUSIP No. 49455P 13D Page 10 of 21
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1 NAME OF REPORTING PERSON: Joseph Listengart
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 140,247
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 140,247
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 140,247
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.10%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
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CUSIP No. 49455P 13D Page 11 of 21
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1 NAME OF REPORTING PERSON: Kimberly A. Dang
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 33,834
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 33,834
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 33,834
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.03%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
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CUSIP No. 49455P 13D Page 12 of 21
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1 NAME OF REPORTING PERSON: James E. Street
I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON (ENTITIES ONLY):
------------------- --------------------------------------------------------------------------------------------- ------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [x]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
------------------- --------------------------------------------------------------------------------------------- ------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 93,303
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 93,303
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 93,303
------------------- --------------------------------------------------------------------------------------------- ------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ]
------------------- --------------------------------------------------------------------------------------------- ------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.07%
------------------- -------------------------------------------------- -------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
------------------- -------------------------------------------------- -------------------------------------------------------------
SCHEDULE 13D
------------
EXPLANATORY NOTES: This statement on Schedule 13D (this "Schedule 13D"),
among other things, amends and supplements (1) the Schedule 13D originally filed
by Richard D. Kinder on October 8, 1999 (re-filed on November 16, 1999) (the
"Kinder Schedule 13D"), and (2) the Schedule 13D originally filed by Morgan
Associates, Inc. (n/k/a Portcullis Holdings, Inc.) and William V. Morgan on
October 8, 1999 (re-filed on November 16, 1999), as amended by Amendment No. 1
thereto on November 8, 1999 (re-filed on November 16, 1999) (the "Morgan
Schedule 13D"). Except as provided herein, this Schedule 13D does not modify any
of the information previously reported on either such Schedule 13D or any
amendment thereto.
As described in the Proposal Letter discussed in Item 4 below, the
Reporting Persons, along with GS Capital Partners V Fund, L.P. ("Goldman"), AIG
Global Asset Management Holdings Corp. ("AIG"), Carlyle Partners IV, L.P.
("Carlyle"), Carlyle/Riverstone Energy Partners III, L.P. ("Carlyle/Riverstone"
and, together with Goldman, AIG and Carlyle, their respective affiliates, or
investment funds managed by Goldman, AIG, Carlyle and Carlyle/Riverstone, or
their respective affiliates, the "Sponsors"), and Fayez Sarofim ("Mr. Sarofim")
are participants in the Proposal (as defined in Item 4).
As a result of the matters described in Item 4 below, the Reporting Persons
may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of
the Exchange Act of 1934 with the Sponsors and Mr. Sarofim. As a result, the
Reporting Persons may be deemed to beneficially own any shares of common stock,
par value $5.00 per share, of Kinder Morgan, Inc. ("KMI Common Stock") that may
be beneficially owned by such persons. This Schedule 13D will be amended, or one
or more additional statements on Schedule 13D will be filed, as necessary and
appropriate to reflect shares of KMI Common Stock, if any, owned by the Sponsors
and Mr. Sarofim. The Reporting Persons hereby disclaim beneficial ownership of
any KMI Common Shares that may be beneficially owned by the Sponsors and Mr.
Sarofim.
ITEM 1. SECURITY AND ISSUER
The class of equity to which this Schedule 13D relates is KMI Common Stock.
Kinder Morgan, Inc. (formerly known as K N Energy, Inc.) (the "Issuer") is
a Kansas corporation with its principal executive offices located at 500 Dallas
Street, Suite 1000, Houston, Texas 77002.
ITEM 2. IDENTITY AND BACKGROUND.
(a) and (b) This Schedule 13D is being filed jointly on behalf of the
following persons (collectively, the "Reporting Persons"): (1) Richard D. Kinder
("Mr. Richard Kinder"), (2) Portcullis Partners, LP, a Texas limited partnership
("Portcullis Partners"), (3) Portcullis G.P., LLC, a Texas limited liability
company ("Portcullis GP"), (4) William V. Morgan ("Mr. William Morgan"), (5)
Michael C. Morgan ("Mr. Michael Morgan"), (6) C. Park Shaper ("Mr. Shaper"), (7)
Steven J. Kean ("Mr. Kean"), (8) David D. Kinder ("Mr. David Kinder"), (9)
Joseph Listengart ("Mr. Listengart"), (10) Kimberly A. Dang ("Ms. Dang") and
Page 13 of 21
(11) James E. Street ("Mr. Street"). A Joint Filing Agreement among the
Reporting Persons is attached hereto as Exhibit 7.01.
The business address of each of Mr. Richard Kinder, Mr. Shaper, Mr. Kean,
Mr. David Kinder, Mr. Listengart, Ms. Dang and Mr. Street is 500 Dallas Street,
Suite 1000, Houston, Texas 77002.
The address of the principal business offices of Portcullis Partners and
Portcullis GP and the business address of Mr. William Morgan is 5 Post Oak Park,
4400 Post Oak Parkway, Suite 1450, Houston, Texas 77027. Portcullis GP is the
general partner of Portcullis Partners. Mr. William Morgan is the sole manager
of Portcullis GP.
The business address of Mr. Michael Morgan is 5 Post Oak Park, 4400 Post
Oak Parkway, Suite 1450, Houston, Texas 77027.
(c) The present principal occupation of Mr. Richard Kinder is Chairman of
the Board and Chief Executive Officer of the Issuer and certain of its
affiliates. The present principal occupation of Mr. William Morgan is Chairman
of Portcullis Partners. The present principal occupation of Mr. Michael Morgan
is President and Chief Executive Officer of Portcullis Partners. The present
principal occupation of Mr. Shaper is President of the Issuer and certain of its
affiliates. The present principal occupation of Mr. Kean is Executive Vice
President and Chief Operating Officer of the Issuer and certain of its
affiliates. The present principal occupation of Mr. David Kinder is Vice
President of Corporate Development and Treasurer of the Issuer and certain of
its affiliates. The present principal occupation of Mr. Listengart is Vice
President, General Counsel and Secretary of the Issuer and certain of its
affiliates. The present principal occupation of Ms. Dang is Chief Financial
Officer and Vice President, Investor Relations of the Issuer and certain of its
affiliates. The present principal occupation of Mr. Street is Vice President,
Human Resources of the Issuer and certain of its affiliates.
Portcullis Partners and Portcullis GP are principally engaged in the
business of investment management for its own account.
(d) and (e) During the last five years, none of the Reporting Persons has
been (i) convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
(f) Mr. Richard Kinder, Mr. William Morgan, Mr. Michael Morgan, Mr. Shaper,
Mr. Kean, Mr. David Kinder, Mr. Listengart, Ms. Dang and Mr. Street are all
United States citizens.
This Item 2 shall be deemed to amend and restate Item 2 of each of the
Kinder Schedule 13D and the Morgan Schedule 13D in its entirety.
Page 14 of 21
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares of KMI Common Stock that each of Mr. Michael Morgan, Mr. Shaper,
Mr. Kean, Mr. David Kinder, Mr. Listengart, Ms. Dang and Mr. Street beneficially
own were acquired through open market purchases using personal or other funds,
through each of such person's service as an officer or director of the Issuer or
through purchases in private transactions. Portcullis Partners and Portcullis GP
beneficially own their shares of KMI Common Stock as successors to Morgan
Associates, Inc., which acquired its shares as set forth in the Morgan Schedule
13D.\
With respect to the proposed transaction described in Item 4 of this
Schedule 13D (which Item 4 is incorporated herein by reference), the Reporting
Persons estimate that the amount of funds necessary to consummate the
transaction would consist of the following: (i) approximately $2.8 billion in
equity (based on the proposed Offer Price (as defined in Item 4)) being
rolled-over in the acquisition by the Reporting Persons and certain other
specified persons; (ii) approximately $4.5 billion of new equity financing that
would be provided by the Sponsors; and (iii) approximately $14.5 billion of debt
that would either remain outstanding or be incurred in connection with the
transaction as further described in Item 4 and the Proposal Letter and the Debt
Financing Letter (each as defined in Item 4).
The information set forth in response to this Item 3 is qualified in its
entirety by reference to the Proposal Letter and the Debt Financing Letter,
which are incorporated herein by reference.
The information set forth in this Item 3 shall be deemed to supplement Item
3 of each of the Kinder Schedule 13D and the Morgan Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION.
As set forth in a letter dated May 28, 2006 (the "Proposal Letter"), Mr.
Richard Kinder and the Sponsors have submitted to the Issuer's Board of
Directors (the "Board of Directors") a proposal to acquire all of the
outstanding KMI Common Stock (the "Proposal"), except for certain shares of KMI
Common Stock held by the Reporting Persons and certain other specified persons
expected to be rolled-over in the acquisition. Each of the Reporting Persons
intend to participate in the Proposal. A copy of the Proposal Letter is being
filed herewith as Exhibit 7.02.
The Proposal contemplates that the transaction would be effected through a
merger of a new acquisition corporation to be formed by the Reporting Persons
and the Sponsors ("Acquisition Corp.") with and into the Issuer. Mr. Richard
Kinder intends to roll-over all of his KMI Common Stock in the acquisition. The
other Reporting Persons (except for Portcullis Partners and Mr. Michael Morgan)
intend to roll-over all or a substantial portion of their KMI Common Stock in
the acquisition. Portcullis Partners and Mr. Michael Morgan intend to
collectively roll-over 600,000 shares of KMI Common Stock. The KMI Common Stock
of the Reporting Persons and certain other specified persons that would be
rolled-over in the acquisition would be contributed to a parent entity of
Acquisition Corp. immediately prior to the merger in exchange for equity
interests in such parent entity. All of the other KMI Common Stock (including
the shares of KMI Common Stock held by the Reporting Persons and not contributed
to the parent entity of Acquisition Corp. as described above) would be converted
into the right to receive a cash payment equal to $100 per share (the "Offer
Price"). If such merger is consummated, the KMI Common Stock will no longer be
traded on the New York Stock Exchange and the registration of the KMI Common
Stock under Section 12 of the Securities Exchange Act of 1934, as amended, will
be terminated. The Board of Directors has formed a special committee of
independent directors (the "Special Committee") to consider the terms of the
Proposal and to recommend to the Board of Directors whether to approve the
Proposal.
Page 15 of 21
Stock will no longer be traded on the New York Stock Exchange and the
registration of the KMI Common Stock under Section 12 of the Securities Exchange
Act of 1934, as amended, will be terminated. The Board of Directors has formed a
special committee of independent directors (the "Special Committee") to consider
the terms of the Proposal and to recommend to the Board of Directors whether to
approve the Proposal.
On May 29, 2006, a press release related to the Proposal was issued by Mr.
Richard Kinder and the Sponsors. A copy of the press release is being filed
herewith as Exhibit 7.03.
To finance the Proposal, Mr. Richard Kinder and the Sponsors have received
a letter from Goldman Sachs Credit Partners L.P., stating that Goldman Sachs
Credit Partners L.P. is "highly confident" that it can obtain the required debt
financing (the "Debt Financing Letter"). A copy of the Debt Financing Letter was
furnished to the Board of Directors in connection with the Proposal and is being
filed herewith as Exhibit 7.04. In addition, approximately $4.5 billion of
equity financing would be provided by the Sponsors. The Reporting Persons expect
that executed debt and equity commitment letters will be delivered from their
financing sources prior to the execution of definitive agreements related to the
proposed merger.
Except as otherwise provided herein, with respect to the Proposal or any
matters related thereto, the Reporting Persons' intent is to be purchasers of
shares of KMI Common Stock of the Issuer not already owned by them and not
sellers of shares of KMI Common Stock owned by them.
The foregoing is a summary of the Proposal and should not be construed as
an offer to purchase shares of KMI Common Stock. A proxy statement will be
distributed to stockholders of the Issuer if and when definitive documentation
is entered into by the Issuer and all other appropriate parties. Stockholders
should read the Issuer's proxy statement and other relevant documents regarding
the Proposal filed with the SEC when they become available because they will
contain important information relevant to the decision to approve the proposed
merger. Stockholders will be able to receive these documents (when they become
available), as well as other documents filed by the Reporting Persons or their
respective affiliates with respect to the Proposal and the proposed merger, free
of charge at the SEC's web site, www.sec.gov.
Other than as set forth herein or in the Proposal Letter and the Debt
Financing Letter, the Reporting Persons have no plans or proposals that relate
to or would result in any of the events set forth in Items 4(a) through (j) of
Schedule 13D. However, if the Proposal is not consummated for any reason, the
Reporting Persons intend to review continuously the Issuer's business affairs,
capital needs and general industry and economic conditions, and, based on such
review, the Reporting Persons may, from time to time, determine to increase
their respective ownership of KMI Common Stock, approve an extraordinary
corporate transaction with regard to the Issuer or engage in any of the events
set forth in Items 4(a) through (j) of Schedule 13D, but, except as otherwise
provided herein, the Reporting Persons currently have no intention of selling
any shares of KMI Common Stock.
No guarantees can be given that the proposed merger will be consummated. No
binding obligation on the part of the Issuer or any of the Reporting Persons or
Page 16 of 21
the Sponsors shall arise with respect to the proposed merger unless and until
mutually acceptable definitive documentation has been executed and delivered.
The information set forth in response to this Item 4 is qualified in its
entirety by reference to the Proposal Letter and the Debt Financing Letter,
which are incorporated herein by reference.
The information set forth in this Item 4 shall be deemed to supplement Item
4 of each of the Kinder Schedule 13D and the Morgan Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) and (b) The respective percentages set forth below are based on
133,630,376 shares of the KMI Common Stock outstanding as of March 1, 2006 and
the respective options beneficially held by each Reporting Person, as
appropriate.
By virtue of the relationships among the Reporting Persons described
herein, the Reporting Persons may be deemed to constitute a "group" within the
meaning of Rule 13d-5(b) under the Exchange Act. As a member of a group, each
Reporting Person may be deemed to beneficially own the KMI Common Stock
beneficially owned by the members of the group as a whole. As of May 30, 2006,
the Reporting Persons beneficially owned in the aggregate 25,950,951 shares of
KMI Common Stock, which represents approximately 19.36% of the outstanding KMI
Common Stock. Each of the Reporting Persons expressly disclaims beneficial
ownership of such shares held by any other members of such group, except Mr.
William Morgan does not disclaim beneficial ownership of shares held by
Portcullis GP and Portcullis Partners and Portcullis GP does not disclaim
beneficial ownership of shares held by Portcullis Partners.
Mr. Richard Kinder has direct beneficial ownership of 23,994,577 shares of
KMI Common Stock. Additionally, Mr. Richard Kinder may be deemed to beneficially
own an additional 250 shares of KMI Common Stock held by Mr. Richard Kinder for
the account of his nephew; Mr. Richard Kinder disclaims any and all beneficial
or pecuniary interest in such 250 shares. These 250 shares, together with the
23,994,577 shares of KMI Common Stock for which Mr. Richard Kinder has direct
beneficial ownership, represent approximately 17.96% of the outstanding KMI
Common Stock. Mr. Richard Kinder's wife holds 5,173 shares of KMI Common Stock;
such shares are not included in the number of shares beneficially owned by Mr.
Richard Kinder set forth above, and Mr. Richard Kinder disclaims any and all
beneficial or pecuniary interest in such shares.
Portcullis Partners has direct beneficial ownership of 916,000 shares of
KMI Common Stock, which represents approximately 0.69% of the outstanding KMI
Common Stock. Portcullis GP, as the general partner of Portcullis Partners, and
Mr. William Morgan, as the sole manager of Portcullis GP, may be deemed own and
thereby share voting and dispositive power over the KMI Common Stock shares
described herein held by Portcullis Partners.
Mr. Michael Morgan has direct beneficial ownership of 242,454 shares of KMI
Common Stock, which represents approximately 0.18% of the outstanding KMI Common
Stock. The aggregate number set forth above includes (i) options to purchase
5,000 shares currently exercisable or exercisable within 60 days of May 30,
Page 17 of 21
2006, (ii) 24,933 restricted shares and (iii) 89,250 shares held in the Michael
C. Morgan and Christine R. Morgan 2001 Investment Trust, a trust in which Mr.
Michael Morgan is both a beneficiary and a trustee.
Mr. Shaper has direct beneficial ownership of 351,949 shares of KMI Common
Stock, which represents approximately 0.26% of the outstanding KMI Common Stock.
The aggregate number set forth above includes (i) options to purchase 220,000
shares currently exercisable or exercisable within 60 days of May 30, 2006 and
(ii) 110,000 restricted shares.
Mr. Kean has direct beneficial ownership of 136,142 shares of KMI Common
Stock, which represents approximately 0.10% of the outstanding KMI Common Stock.
The aggregate number set forth above includes (i) options to purchase 47,500
shares currently exercisable or exercisable within 60 days of May 30, 2006 and
(ii) 78,000 restricted shares.
Mr. David Kinder has direct beneficial ownership of 42,195 shares of KMI
Common Stock, which represents approximately 0.03% of the outstanding KMI Common
Stock. The aggregate number set forth above includes (i) options to purchase
20,600 shares currently exercisable or exercisable within 60 days of May 30,
2006 and (ii) 19,500 restricted shares. Mr. David Kinder's son holds 250 shares
of KMI Common Stock; such shares are not included in the number of shares
beneficially owned by Mr. David Kinder set forth above, and Mr. David Kinder
disclaims any and all beneficial or pecuniary interest in such shares.
Mr. Listengart has direct beneficial ownership of 140,247 shares of KMI
Common Stock, which represents approximately 0.10% of the outstanding KMI Common
Stock. The aggregate number set forth above includes (i) options to purchase
56,300 shares currently exercisable or exercisable within 60 days of May 30,
2006 and (ii) 70,000 restricted shares.
Ms. Dang has direct beneficial ownership of 33,834 shares of KMI Common
Stock, which represents approximately 0.03% of the outstanding KMI Common Stock.
The aggregate number set forth above includes (i) options to purchase 24,750
shares currently exercisable or exercisable within 60 days of May 30, 2006 and
(ii) 8,000 restricted shares.
Mr. Street has direct beneficial ownership of 93,303 shares of KMI Common
Stock, which represents approximately 0.07% of the outstanding KMI Common Stock.
The aggregate number set forth above includes (i) options to purchase 38,400
shares currently exercisable or exercisable within 60 days of May 30, 2006 and
(ii) 40,000 restricted shares.
The Cover Pages of this Schedule 13D are incorporated herein by reference.
As a result of the matters described in Item 4 above, the Reporting Persons
may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of
the Exchange Act of 1934 with the Sponsors and Mr. Sarofim. As a result, the
Reporting Persons may be deemed to beneficially own any shares of KMI Common
Stock that may be beneficially owned by such persons. This Schedule 13D will be
amended, or one or more additional statements on Schedule 13D will be filed, as
necessary and appropriate to reflect shares of KMI Common Stock, if any, owned
by the Sponsors and Mr. Sarofim. The Reporting Persons hereby disclaim
beneficial ownership of any shares of KMI Common Stock that may be beneficially
owned by the Sponsors and Mr. Sarofim.
Page 18 of 21
(c) Except as set forth herein, the Reporting Persons have not effected any
transactions in KMI Common Stock in the past 60 days.
(d) Not applicable.
(e) Not applicable.
This Item 5 shall be deemed to amend and restate Item 5 of each of the
Kinder Schedule 13D and the Morgan Schedule 13D in its entirety.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Items 3 and 4 of this Schedule 13D are incorporated herein by reference.
The information set forth in response to this Item 6 is qualified in its
entirety by reference to the Proposal Letter and the Debt Financing Letter,
which are incorporated herein by reference.
The information set forth in this Item 6 shall be deemed to supplement Item
6 of each of the Kinder Schedule 13D and the Morgan Schedule 13D.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 7.01. Joint Filing Agreement by and among the Reporting Persons,
dated as of May 30, 2006.
Exhibit 7.02. Proposal Letter to the Board of Directors of Kinder
Morgan, Inc., dated May 28, 2006.
Exhibit 7.03. Press Release, dated May 29, 2006.
Exhibit 7.04 Debt Financing Highly Confident Letter, dated May 28,
2006, from Goldman Sachs Credit Partners L.P.
Page 19 of 21
Signatures
After reasonable inquiry and to the best knowledge and belief of each of
the undersigned, such person certifies that the information set forth in this
Schedule 13D with respect to such person is true, complete and correct.
Dated: May 30, 2006
/S/ RICHARD D. KINDER
---------------------------------------
RICHARD D. KINDER
/S/ C. PARK SHAPER
---------------------------------------
C. PARK SHAPER
/S/ STEVEN J. KEAN
---------------------------------------
STEVEN J. KEAN
/S/ DAVID D. KINDER
---------------------------------------
DAVID D. KINDER
/S/ JOSEPH LISTENGART
---------------------------------------
JOSEPH LISTENGART
/S/ KIMBERLY A. DANG
---------------------------------------
KIMBERLY A. DANG
/S/ JAMES E. STREET
---------------------------------------
JAMES E. STREET
Page 20 of 21
PORTCULLIS PARTNERS, LP
BY: PORTCULLIS G.P., LLC
BY: /S/ WILLIAM V. MORGAN
--------------------------------
WILLIAM V. MORGAN
MANAGER
PORTCULLIS G.P., LLC
BY: /S/ WILLIAM V. MORGAN
WILLIAM V. MORGAN
--------------------------------
MANAGER
/S/ WILLIAM V. MORGAN
---------------------------------------
WILLIAM V. MORGAN
/S/ MICHEL C. MORGAN
---------------------------------------
MICHAEL C. MORGAN
Page 21 of 21