SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* JP MORGAN PARTNERS BHCA LP (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Kraton Performance Polymers, Inc. [ KRA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 04/06/2011
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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 Stock	04/06/2011		S		3,995,229(13)	D	$36.0512	7,226	D(1)
Common Stock	04/06/2011		S		2,252,971	D	$36.0512	7,226(12)	D(2)
Common Stock	04/06/2011		S		540,071	D	$36.0512	0	D(3)
Common Stock	04/06/2011		S		82,894	D	$36.0512	0	D(4)
Common Stock	04/06/2011		S		231,257	D	$36.0512	0	D(5)
Common Stock	04/06/2011		S		30,322	D	$36.0512	0	D(6)
Common Stock	04/06/2011		S		39,882	D	$36.0512	0	D(7)
Common Stock	04/06/2011		S		86,401	D	$36.0512	0	D(8)
Common Stock	04/06/2011		S		96,458	D	$36.0512	0	D(9)
Common Stock	04/06/2011		S		597,298	D	$36.0512	0	D(10)
Common Stock	04/06/2011		S		37,585	D	$36.0512	0	D(11)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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

1. Name and Address of Reporting Person* JP MORGAN PARTNERS BHCA LP (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JP MORGAN PARTNERS GLOBAL INVESTORS LP (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* J P MORGAN PARTNERS GLOBAL INVESTORS CAYMAN LP (Last) (First) (Middle) C/O WALKERS SPV LIMITED PO BOX 908 GT, WALKER HOUSE (Street) GEORGE TOWN, GRAND CAYMAN E9 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* J P MORGAN PARTNERS GLOBAL INVESTORS CAYMAN II LP (Last) (First) (Middle) C/O WALKERS SPV LIMITED PO BOX 908 GT, WALKER HOUSE (Street) GEORGE TOWN, GRAND CAYMAN E9 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JP MORGAN PARTNERS GLOBAL INVESTORS SELLDOWN LP (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JPMP Global Fund/Kraton A, L.P. (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JPMP Global Fund/Kraton, L.P. (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JPMP Global Fund/Kraton/Selldown, L.P. (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JP MORGAN PARTNERS GLOBAL INVESTORS SELLDOWN II L P (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* JPMP Global Fund/Kraton/Selldown II, L.P. (Last) (First) (Middle) C/O J.P. MORGAN PARTNERS, LLC 270 PARK AVENUE (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. See Exhibit 99.1

2. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP BHCA.

3. The amount shown represents the beneficial ownership of the Issuer's securities owned by J.P. Morgan Global.

4. The amount shown represents the beneficial ownership of the Issuer's securities owed by JPMP Kraton A.

5. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP Cayman.

6. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP Cayman II.

7. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP Kraton.

8. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP Selldown.

9. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP Kraton Selldown.

10. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP Selldown II.

11. The amount shown represents the beneficial ownership of the Issuer's securities owned by JPMP Kraton Selldown II.

12. Includes 7,226 shares of common stock of Kraton Performance Polymers, Inc., representing $50,000 of common stock of Kraton Performance Polymers, Inc. granted to each of Timothy J. Walsh and Kevin G. O'Brien in consideration of their service on the Board of Directors of the Issuer. The price of the stock is based upon the average of the high and low prices of the common stock of Kraton Performance Polymers, Inc. as reported on the New York Stock Exchange on January 28, 2010. Pursuant to contractual undertakings by Mr. Walsh and Mr. O'Brien, Mr. Walsh and Mr. O'Brien are each holding these shares for the benefit of JPMP BHCA.

13. This represents the aggregate number of shares disposed by the Reporting Persons.

Remarks:

Form 1 of 2

	J.P. MORGAN PARTNERS (BHCA), L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	J.P. MORGAN PARTNERS GLOBAL INVESTORS, L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	JPMP GLOBAL FUND/KRATON A, L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	J.P. MORGAN PARTNERS GLOBAL INVESTORS (CAYMAN), L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	J.P. MORGAN PARTNERS GLOBAL INVESTORS (CAYMAN) II, L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	J.P. MORGAN PARTNERS GLOBAL FUND/KRATON, L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	J.P. MORGAN PARTNERS GLOBAL INVESTORS (SELLDOWN), L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	JPMP GLOBAL FUND/KRATON/SELLDOWN, L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	J.P. MORGAN PARTNERS GLOBAL INVESTORS (SELLDOWN) II, L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	JPMP GLOBAL FUND/KRATON/SELLDOWN II, L.P., /s/ Ana Capella Gomez-Acebo, Managing Director	04/08/2011
	** Signature of Reporting Person	Date
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