WAI INC
8-A12B, 1997-11-21
NATURAL GAS TRANSMISISON & DISTRIBUTION
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                  SECURITIES AND EXCHANGE COMMISSION

                                                            
                        Washington, D.C. 20549
                        ----------------------

                               FORM 8-A

           FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
                PURSUANT TO SECTION 12(b) OR (g) OF THE
                    SECURITIES EXCHANGE ACT OF 1934


                               WAI, INC.
                               ---------
                 (Name to be changed to ONEOK, Inc.)

        (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



        OKLAHOMA                                         783-1520922
- ---------------------------                    ---------------------------
(State of incorporation or                            (I.R.S. Employer
       organization)                                 Identification No.)


100 WEST FIFTH STREET                                   74103-0871 
TULSA, OKLAHOMA                                ---------------------------
- ----------------------                                  (Zip Code)
(Address of principal
executive offices)


   Securities to be registered pursuant to Section 12(b) of the Act:

Title of each class to be so                  Name of each exchange on which
registered                                       class is to be registered
- ----------------------------                  ------------------------------


COMMON STOCK, PAR VALUE                          NEW YORK STOCK EXCHANGE
$0.01 PER SHARE


   If this Form relates to the registration of a class of securities
pursuant to Section 12(b) of the Exchange Act and is effective
pursuant to General Instruction A.(c), check the following box. [ ]

   If this Form relates to the registration of a class of securities
pursuant to Section 12(g) of the Exchange Act and is effective
pursuant to General Instruction A.(d), check the following box. [ ]

      Securities to be registered pursuant to Section 12(g) of the Act:

                                 None


ITEM 1.  DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED

            This Registration Statement on Form 8-A registers the
Common Stock, par value $.01 per share (the "Common Stock"), of WAI,
Inc., an Oklahoma corporation (the "Company") under the Securities
Exchange Act of 1934, as amended. Pursuant to the Agreement, dated as
of December 12, 1996, as amended and restated as of May 19, 1997 (the
"Agreement"), among ONEOK Inc., a Delaware corporation ("ONEOK"),
Western Resources, Inc., a Kansas corporation ("WRI") and the Company:
(A) immediately prior to the effective time of the Merger (as defined
below) (the "Merger Effective Time"), WRI will contribute, or will
cause to be contributed, certain assets and all of the outstanding
capital stock of WRI's direct and indirect wholly-owned subsidiaries,
Westar Gas Marketing, Inc. and Mid Continent Market Center, Inc. to
the Company, where upon the Company will assume certain liabilities
and debt of WRI and (B) ONEOK will merge (the "Merger") with and into
the Company, with the Company as the surviving corporation and
whereupon the Company's name will be changed to "ONEOK, Inc." Upon
consummation of the Merger, the shares of common stock, no par value,
of ONEOK (the "ONEOK Common Stock") outstanding as of the Merger
effective Time will be converted on a one-for-one basis into shares of
the Common Stock. In connection with the transactions described above,
WRI will hold 2,996,702 shares of Common Stock and 19,317,584 shares
of Series A Convertible Preferred Stock, par value $0.01 per share
(the "Series A Convertible Preferred Stock") of the Company. The
Series A Convertible Preferred Stock is convertible under certain
circumstances into the Common Stock at the rate of one share of Common
Stock for each share of Series A Convertible Preferred Stock, subject
to adjustment.

          For a description of the Common Stock that would be issued
upon conversion of the ONEOK Common Stock in the Merger or upon the
conversion of the Series A Convertible Preferred Stock, reference is
made to the information under the captions "Description of Capital
Stock," "Description of the Preferred Stock" and "Comparative Rights
of Holders of ONEOK and New ONEOK Capital Stock" contained in the
Proxy Statement/Prospectus of the Company filed with the Securities
and Exchange Commission on August 6, 1997 as part of the Company's
Registration Statement on Form S-4 (Registration No. 333-27467) (the
"Form S-4") and incorporated herein by reference.


Item 2.  Exhibits.

Exhibit No.       Description
- -----------       -----------

     1            Specimen Common Stock Certificate of the Company.

     2            Certificate of Incorporation of the Company (filed
                  as Appendix E to the Form S-4), as effective May 16,
                  1997.

     3            Bylaws of the Company (filed as Exhibit 3.2 to the Form
                  S-4), as effective May 19, 1997.

     4.           Form of Shareholder Agreement between Western Resources,
                  Inc. and WAI, Inc. (filed as Appendix B to the Form S-4).

     5.           Form of Registration Rights Agreement between WAI,
                  Inc. and Western Resources, Inc. (filed as Exhibit 3.4
                  to the Form S-4).

                               SIGNATURE

          Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, the registrant has duly caused this registration
statement to be signed on its behalf by the undersigned, thereto duly
authorized.

                              WAI, INC.


                              By:  /s/ John K. Rosenberg
                                 ----------------------------------------


Date: November 21, 1997


                             EXHIBIT INDEX

Exhibit No.       Description
- -----------       -----------

     1            Specimen Common Stock Certificate of the Company.

     2            Certificate of Incorporation of the Company (filed
                  as Appendix E to the Form S-4), as effective May 16,
                  1997.

     3            Bylaws of the Company (filed as Exhibit 3.2 to the Form
                  S-4), as effective May 19, 1997.

     4.           Form of Shareholder Agreement between Western Resources,
                  Inc. and WAI, Inc. (filed as Appendix B to the Form S-4).

     5.           Form of Registration Rights Agreement between WAI,
                  Inc. and Western Resources, Inc. (filed as Exhibit 3.4
                  to the Form S-4).

               COMMON STOCK                                      PAR VALUE $.01

NUMBER         INCORPORATED UNDER THE LAWS OF                       SHARES
               THE STATE OF DELAWARE

               THIS CERTIFICATE IS TRANSFERABLE
               IN NEW YORK, NEW YORK OR IN
               OKLAHOMA CITY, OKLAHOMA
                                                    SEE REVERSE FOR CERTAIN
                                                    DEFINITIONS
                                                    CUSIP 682680 10 3

                              ONEOK, INC.

               THIS IS TO CERTIFY THAT





               IS THE OWNER OF

               FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF

               ONEOK, INC. (hereinafter and on the reverse of this
               certificate termed the Corporation), transferable on
               the books of the Corporation by the holder hereof in
               person or by duly authorized attorney upon surrender of
               this certificate properly endorsed. This certificate is
               not valid until countersigned by the Transfer Agent and
               registered by the Registrar.

                    Witness the facsimile signatures of the duly
               authorized officers of the Corporation.

ONEOK, INC.
                                        Dated

                                        COUNTERSIGNED AND REGISTERED:
                                                            LIBERTY BANK
                                             and Trust Company of Oklahoma
                                               City, N.A.
                                             (Oklahoma City, Oklahoma)
                                             TRANSFER AGENT AND REGISTRAR

                    CHAIRMAN OF THE BOARD
                                             BY
                              SECRETARY
                                             AUTHORIZED SIGNATURE


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