eh1300283_13g-kwhi.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G
Under the Securities Exchange Act of 1934
 
(Amendment No. ___)*
 
Kennedy-Wilson Holdings, Inc.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)

489398107
(CUSIP Number)
 
February 6, 2013
(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)
 
ý  Rule 13d-1(c)
 
¨  Rule 13d-1(d)
 
*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).
 
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 2 of 14

 
1
NAME OF REPORTING PERSON
 
LeFrak Merchant Capital, L.P.
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  x
3
SEC USE ONLY
 
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
  
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
1,692,318
6
SHARED VOTING POWER
 
-0-
7
SOLE DISPOSITIVE POWER
 
1,692,318
8
SHARED DISPOSITIVE POWER
 
-0-
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,692,318
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
2.7%
  
12
TYPE OF REPORTING PERSON
 
PN
  

 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 3 of 14

 
1
NAME OF REPORTING PERSON
 
LeFrak Merchant Capital GP LLC
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  x
3
SEC USE ONLY
 
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
  
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
1,692,318
6
SHARED VOTING POWER
 
-0-
7
SOLE DISPOSITIVE POWER
 
1,692,318
8
SHARED DISPOSITIVE POWER
 
-0-
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,692,318
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
2.7%
  
12
TYPE OF REPORTING PERSON
 
OO
  


 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 4 of 14

 
1
NAME OF REPORTING PERSON
 
NOK1 Capital, L.P.
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  x
3
SEC USE ONLY
 
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
  
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
1,525,183
6
SHARED VOTING POWER
 
-0-
7
SOLE DISPOSITIVE POWER
 
1,525,183
8
SHARED DISPOSITIVE POWER
 
-0-
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,525,183
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
2.4%
  
12
TYPE OF REPORTING PERSON
 
PN
  


 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 5 of 14

 
1
NAME OF REPORTING PERSON
 
NOK1 Capital GP LLC
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  x
3
SEC USE ONLY
 
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
  
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
1,525,183
6
SHARED VOTING POWER
 
-0-
7
SOLE DISPOSITIVE POWER
 
1,525,183
8
SHARED DISPOSITIVE POWER
 
-0-
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,525,183
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
2.4%
  
12
TYPE OF REPORTING PERSON
 
OO
  


 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 6 of 14

 
1
NAME OF REPORTING PERSON
 
Richard LeFrak
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  x
3
SEC USE ONLY
 
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
  
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
3,217,501
6
SHARED VOTING POWER
 
-0-
7
SOLE DISPOSITIVE POWER
 
3,217,501
8
SHARED DISPOSITIVE POWER
 
-0-
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
3,217,501
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.0%
  
12
TYPE OF REPORTING PERSON
 
IN
  

 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 7 of 14

Explanatory Note.
 
This Schedule 13G relates to the Common Stock (the “Shares”) of Kennedy-Wilson Holdings, Inc. (the “Issuer”).
 
Item 1.
(a)
Name of Issuer
       
   
Kennedy-Wilson Holdings, Inc.
       
 
(b)
Address of Issuer’s Principal Executive Offices
       
   
9701 Wilshire Blvd., Beverly Hills, CA 90212
       
Item 2.
(a)
Name of Person Filing
       
   
This Statement on Schedule 13G is being filed on behalf of the following persons (each, a “Reporting Person” and collectively, the “Reporting Persons”):
       
   
(i)
LeFrak Merchant Capital, L.P. (“LMC”);
       
   
(ii)
LeFrak Merchant Capital GP LLC (“LMC-GP”);
       
   
(iii)
NOK1 Capital, L.P. (“NOK1”);
       
   
(iv)
NOK1 Capital GP LLC (“NOK1-GP”); and
       
   
(v)
Richard LeFrak.
       
   
LMC-GP is the general partner of LMC.  NOK1-GP is the general partner of NOK1.   Mr. LeFrak is the sole shareholder of the manager of LMC-GP and NOK1-GP and as such may be deemed to beneficially own the Shares directly owned by LMC and NOK1.  Each of the Reporting Persons disclaims beneficial ownership of any Shares not directly owned by such Reporting Person.
       
 
(b)
Address of Principal Business Office or, if none, Residence
       
   
The principal business address of each of the Reporting Persons is: c/o LeFrak Organization, 40 West 57th Street, 23rd Floor, New York, NY 10019.
       
 
(c)
Citizenship
       
   
See row 4 on cover page of each reporting person
       
 
(d)
Title of Class of Securities
       
   
See cover page
       
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 8 of 14
 
 
(e)
CUSIP Number
       
   
See cover page
 
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
¨
Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
       
 
(b)
¨
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
       
 
(c)
¨
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
       
 
(d)
¨
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
       
 
(e)
¨
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
       
 
(f)
¨
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
       
 
(g)
¨
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
       
 
(h)
¨
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
 
(i)
¨
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
       
 
(j)
¨
Group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
Item 4.                     Ownership
 
All ownership percentages set forth herein assume that there are 63,772,598 Shares outstanding, representing the total number of Shares reported in the Quarterly Report of the Issuer filed on Form 10-Q with the Securities and Exchange Commission (the “SEC”) on November 9, 2012.
 
 
(a)
Amount Beneficially Owned
     
   
See row 9 of cover page of each reporting person
     
 
(b)
Percent of Class
     
   
See row 11 of cover page of each reporting person
     
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 9 of 14
 
 
 
(c)
Number of Shares as to which such person has
       
   
(i)
sole power to vote or to direct the vote:
       
     
See row 5 of cover page of each reporting person
       
   
(ii)
shared power to vote or to direct the vote:
       
     
See row 6 of cover page of each reporting person
       
   
(iii)
sole power to dispose or to direct the disposition of:
       
     
See row 7 of cover page of each reporting person
       
   
(iv)
shared power to dispose or to direct the disposition of:
       
     
See row 8 of cover page of each reporting person
 
Item 5.                     Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following box  ¨.
 
Item 6.                     Ownership of More than Five Percent on Behalf of Another Person
 
The limited partners of LMC and NOK1 have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held for the account of LMC and NOK1 in accordance with their respective ownership interests in LMC and NOK1.
 
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
 
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 10 of 14

 
Item 10.                   Certifications
 
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.
 
 
 
 
 
 
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 11 of 14

SIGNATURE
 
After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.
 
Date:           Febraury 13, 2013
 
 
LeFrak Merchant Capital, L.P.
  
     
 
By: LeFrak Merchant Capital GP LLC, its General Partner
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager.
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
LeFrak Merchant Capital GP LLC
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager.
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
NOK1 Capital, L.P.
  
     
 
By: NOK1 Capital GP LLC, its General Partner
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 12 of 14

 
 
NOK1 Capital GP LLC
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
Richard LeFrak
  
           
           
 
/s/ Richard LeFrak
  
 
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 13 of 14

EXHIBIT 1
 
JOINT FILING AGREEMENT
 
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Schedule 13G.
 
Date:           February 13, 2013
 
 
LeFrak Merchant Capital, L.P.
  
     
 
By: LeFrak Merchant Capital GP LLC, its General Partner
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager.
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
LeFrak Merchant Capital GP LLC
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager.
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
 
 
 
 
 
CUSIP No. 489398107
 SCHEDULE 13G
Page 14 of 14

 
NOK1 Capital, L.P.
  
     
 
By: NOK1 Capital GP LLC, its General Partner
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
 
NOK1 Capital GP LLC
  
     
 
By: LeFrak Investment Holding LLC, Member
  
     
 
By: New Stone Manager Corp., its Manager
  
         
         
   
By:
/s/ Harrison T. LeFrak
  
     
Name:
Harrison T. LeFrak
  
     
Title:
Vice President
  
           
           
 
Richard LeFrak
  
           
           
 
/s/ Richard LeFrak