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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ____)(1)
K N ENERGY, INC.
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(NAME OF ISSUER)
COMMON STOCK, $5 PAR VALUE
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(TITLE OF CLASS OF SECURITIES)
482620101
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(CUSIP NUMBER)
OCTOBER 7, 1999
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(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)
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(1) 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 ("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).
1
(Cover Page continued on Page 2)
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13G
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CUSIP No. 482620101 Page 2 of 5 pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FIRST UNION AFFORDABLE HOUSING COMMUNITY DEVELOPMENT CORPORATION
56-2099417
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
- --------- ----------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NORTH CAROLINA
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 6,221,715
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH: ------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,221,715
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,221,715
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5 %
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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13G
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CUSIP No. 482620101 Page 3 of 5 pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FIRST UNION NATIONAL BANK
22-1147033
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NATIONAL BANK
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 6,221,715
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH: ------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,221,715
- --------- ----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,221,715
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5 %
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
BK
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13G
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CUSIP No. 482620101 Page 4 of 5 pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
FIRST UNION CORPORATION
56-0898180
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
NORTH CAROLINA
- --------- ----------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ----------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 6,221,715
EACH ------ ----------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0
WITH: ------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,221,715
- --------- ----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,221,715
- --------- ----------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[X]
- --------- ----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5 %
- --------- ----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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ITEM 1.
(a) Name of issuer: K N Energy, Inc.
(b) Address of issuer's principal executive offices:
370 Van Gordon Street
P.O. Box 281304
Lakewood, Colorado 80228-8304
ITEM 2.
(a) Name of persons filing:*
First Union Affordable Housing Community Development
Corporation ("FUAHCDC")
First Union National Bank ("FUNB")
First Union Corporation
*See Joint Filing Agreement attached hereto as Exhibit A.
(b) Address of principal business office or, if none,
residence:
One First Union Center
Charlotte, North Carolina 28288-0013
(c) Citizenship:
FUAHCDC: North Carolina
FUNB: National Bank
First Union Corporation: North Carolina
(d) Title of class of securities: Common Stock, $5 par value
(e) CUSIP No.: 482620101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS. 240.13d-1(b) OR
SS.SS. 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
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ITEM 4. OWNERSHIP
(a) Amount beneficially owned:
FUAHCDC: 6,221,715
FUNB: 6,221,715
First Union Corporation: 6,221,715
The shares reported in this Schedule 13G exclude (i) approximately
231,159 shares held individually by Ted A. Gardner, an officer of FUAHCDC and
certain other affiliates of First Union Corporation, and (ii) and any other
shares which may be held individually by other employees of FUAHCDC, FUNB, First
Union Corporation or their affiliates, as to which shares each of the filing
persons disclaims beneficial ownership.
(b) Percent of class:
FUAHCDC: 5.5%
FUNB: 5.5%
First Union Corporation: 5.5%
Based on approximately 112,308,721 shares of Common Stock
outstanding, consisting of (i) 70,825,393 shares outstanding as of July 31,
1999, as reported in the issuer's Form 10-QSB for the quarterly period ended on
June 30, 1999 and filed with the commission, and (ii) 41,483,328 shares of
Common Stock held by former shareholders of Kinder Morgan, Inc. and received in
connection with the merger of Kinder Morgan, Inc. with and into the issuer,
which merger was consummated on October 7, 1999.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
FUAHCDC: 0
FUNB: 0
First Union Corporation: 0
(ii) Shared power to vote or direct the vote:
FUAHCDC: 6,221,715
FUNB: 6,221,715
First Union Corporation: 6,221,715
(iii) Sole power to dispose or direct the disposition of:
FUAHCDC: 0
FUNB: 0
First Union Corporation: 0
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(iv) Shared power to dispose or direct the disposition of:
FUAHCDC: 6,221,715
FUNB: 6,221,715
First Union Corporation: 6,221,715
All 6,221,715 shares of Common Stock are held directly by FUAHCDC.
FUNB, owner of all outstanding shares of capital stock of FUAHCDC, is deemed to
beneficially own such 6,221,715 shares by virtue of its relationship with
FUAHCDC. First Union Corporation, owner of all outstanding shares of capital
stock of FUNB, is deemed to beneficially own such 6,221,715 shares by virtue of
its relationship with FUNB.
ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
CONTROL PERSON
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
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 that purpose or effect.
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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.
October 14, 1999
---------------------------------------------
Date
FIRST UNION AFFORDABLE HOUSING
COMMUNITY DEVELOPMENT CORPORATION
By: /s/ Tracey M. Chaffin
Name: Tracey M. Chaffin
Title: Vice President
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EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to the joint
filing on behalf of each of them of a statement on Schedule 13G with respect to
the shares of Common Stock of K N Energy, Inc. beneficially owned by each of
them. This Joint Filing Agreement shall be included as an exhibit to such
Schedule 13G.
IN WITNESS WHEREOF, the undersigned have executed this Joint Filing
Agreement as of the 14th day of October, 1999.
FIRST UNION AFFORDABLE HOUSING
COMMUNITY DEVELOPMENT CORPORATION
By: /s/ Tracey M. Chaffin
Name: Tracey M. Chaffin
Title: Vice President
FIRST UNION NATIONAL BANK
By: /s/ Stephen J. Antal
Name: Stephen J. Antal
Title: Senior Vice President
FIRST UNION CORPORATION
By: /s/ Stephen J. Antal
Name: Stephen J. Antal
Title: Senior Vice President
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