KINDER MORGAN, INC. — Director's Dealing 2016

Feb 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KINDER MORGAN, INC. (KMI)
CIK: 0001506307
Period of Report: 2016-01-28

Reporting Person: MACDONALD DEBORAH (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-28	Depositary Shares	$	P	3000	Acquired		Class P Common Stock (4632)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class P Common Stock	12226	Direct

Footnotes

F1: Each Depositary Share represents 1/20th of a share of Kinder Morgan, Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock"). At any time prior to October 26, 2018, a holder of 20 Depositary Shares may cause the conversion of one share of the Series A Preferred Stock into a number of shares of Kinder Morgan, Inc.'s Class P Common Stock ("Common Stock") equal to the minimum conversion rate of 30.8800 (equivalent to a Depositary Share to Common Stock conversion rate of 1.5440), subject to adjustment. On October 26,2018, any Depositary Shares remaining outstanding will mandatorily convert to Common Stock at a conversion rate ranging from 30.8800 to 36.2840 shares of Common Stock per Depositary Share (or a Series A Preferred Stock to Common Stock conversion rate ranging from 1.5440 to 1.8142), subject to adjustment.

F2: The price reported in column 8 is a weighted average price. These depositary shares were purchased in multiple transactions at prices ranging from $42.399 to $42.4987 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of depositary shares purchased at each separate price.