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CUSIP No. 02752P 100 | | SCHEDULE 13D | | |
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1. | | Name of Reporting Person ArcLight Energy Partners Fund V, L.P. |
2. | | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒ |
3. | | SEC Use Only |
4. | | Source of Funds WC/OO |
5. | | Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e) ☐ |
6. | | Citizenship or Place of Organization Delaware |
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Number of Shares Beneficially Owned by Each Reporting Person With | | 7. | | Sole Voting Power 0 |
| 8. | | Shared Voting Power 40,036,967 (See Note 1) |
| 9. | | Sole Dispositive Power 0 |
| 10. | | Shared Dispositive Power 40,036,967 (See Note 1) |
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11. | | Aggregate Amount Beneficially Owned by Each Reporting Person 40,036,967 (See Note 1) |
12. | | Check if the Aggregate Amount in Row 11 Excludes Certain Shares ☐ |
13. | | Percent of Class Represented by Amount in Row 11 51.0% (See Note 2) |
14. | | Type of Reporting Person PN |
Note 1: Represents 7,707,571 SeriesA-l Convertible Preferred Units (“SeriesA-1 Units”) held by High Point Infrastructure Partners, LLC (“High Point”), convertible into 9,874,169 common units of the Issuer (“Common Units”), which are indirectly owned by Magnolia Infrastructure Partners, LLC (“Magnolia”), 3,302,158 SeriesA-2 Convertible Preferred Units (“SeriesA-2 Units”) held by Magnolia, convertible into 4,230,395 Common Units, 9,241,642 Series C Convertible Preferred Units (“Series C Units”) held by Magnolia Infrastructure Holdings, LLC (“Magnolia Holdings”), convertible into 9,254,580 Common Units, 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016, 10,563,942 Common Units held by Magnolia Holdings, 1,349,609 Common Units held by American Midstream GP, LLC, which is approximately 77% owned by High Point and approximately 23% owned by AMID GP Holdings, LLC, which is approximately 93% owned by Magnolia Holdings, 618,921 Common Units held by Magnolia and 2,853,482 Common Units held by Busbar II, LLC, taking into account the transactions discussed in Item 3.
Note 2: Based on 78,467,157 Common Units outstanding, on anas-converted basis, which equals the sum of (a) 53,005,627 Common Units outstanding as of November 6, 2018, (b) 810,517 Common Units issued to Magnolia Holdings on December 10, 2018, (c) 9,874,169 Common Units issuable upon the conversion of SeriesA-1 Units outstanding, (d) 4,230,395 Common Units issuable upon the conversion of SeriesA-2 Units outstanding, (e) 9,254,580 Common Units issuable upon the conversion of Series C Units outstanding and (f) 1,291,869 Common Units issuable upon exercise of the warrant issued to Magnolia Holdings by American Midstream Partners, LP, dated April 25, 2016.