FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Finigan Vincent Paul JR 		2. Issuer Name and Ticker or Trading Symbol

KKR Financial Holdings LLC [ KFN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O KKR FINANCIAL HOLDINGS LLC, 555 CALIFORNIA STREET, 50TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

4/30/2014
(Street)

SAN FRANCISCO, CA 94104
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares   4/30/2014     D    12607   (1) D   (2) (3) 0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Shares     (4) 4/30/2014     D         90764   (5)     (4)   (4) Common Shares   90764     (6) 0   D    

Explanation of Responses:
( 1)  Includes 6,548 unvested restricted common shares.
( 2)  Pursuant to the terms of the Agreement and Plan of Merger, made and entered into as of December 16, 2013, by and among KKR & Co. L.P., KKR Fund Holdings L.P., Copal Merger Sub LLC and the Issuer, Copal Merger Sub LLC was merged with and into the Issuer. Upon the consummation of the merger, each outstanding common share held by the reporting person was automatically converted into the right to receive 0.51 common units of KKR & Co. L.P.
( 3)  Upon the consummation of the merger, each outstanding restricted common share held by the reporting person was automatically converted into 0.51 restricted common units of KKR & Co. L.P. having the same terms and conditions, including with respect to vesting, as applied immediately prior to the consummation of the merger. Pursuant to the terms of the Issuer's 2007 Share Incentive Plan and the associated share award agreement, upon the reporting person's resignation as a director of the Issuer, which became effective upon the consummation of the merger, each restricted common unit of KKR & Co. L.P. received by the reporting person in the merger was automatically canceled and forfeited for no value.
( 4)  Each phantom share is the economic equivalent of one common share. The phantom shares become payable, in cash or common shares, at the election of the Issuer, upon the earlier of (i) the first day of January following the reporting person's termination of service as a director or (ii) an election date pre-selected by the reporting person, and in any event in cash or common shares, at the election of the reporting person, upon the occurrence of a change in control of the Issuer. The merger did not constitute a change in control of the Issuer for this purpose.
( 5)  Includes 7,990 restricted phantom shares.
( 6)  Upon the consummation of the merger, each phantom share under the Issuer's Non-Employee Directors' Deferred Compensation and Share Award Plan (the "Deferred Compensation Plan") held by the reporting person was automatically converted into a phantom share in respect of 0.51 common units of KKR & Co. L.P. and otherwise remained subject to the terms of the Deferred Compensation Plan. Pursuant to the terms of Deferred Compensation Plan and the associated award agreement, upon the reporting person's resignation as a director of the Issuer, which became effective upon the consummation of the merger, each restricted phantom share held by the reporting person was automatically canceled and forfeited for no value.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Finigan Vincent Paul JR
C/O KKR FINANCIAL HOLDINGS LLC
555 CALIFORNIA STREET, 50TH FLOOR
SAN FRANCISCO, CA 94104 		X



Signatures
/s/ Vincent Paul Finigan, Jr. 5/2/2014
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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