Got that warning logged after registering two ppas and updating them:
com.ubuntu.SoftwareProperties[2113]: gpg: keyring `/tmp/tmp58u008j4/secring.gpg' created
com.ubuntu.SoftwareProperties[2113]: gpg: keyring `/tmp/tmp58u008j4/pubring.gpg' created
com.ubuntu.SoftwareProperties[2113]: gpg: requesting key F59EAE4D from hkp server keyserver.ubuntu.com
com.ubuntu.SoftwareProperties[2113]: gpg: /tmp/tmp58u008j4/trustdb.gpg: trustdb created
com.ubuntu.SoftwareProperties[2113]: gpg: key F59EAE4D: public key "Launchpad PPA for NoobsLab" imported
com.ubuntu.SoftwareProperties[2113]: gpg: no ultimately trusted keys found
com.ubuntu.SoftwareProperties[2113]: gpg: Total number processed: 1
com.ubuntu.SoftwareProperties[2113]: gpg: imported: 1 (RSA: 1)
com.ubuntu.SoftwareProperties[2113]: Warning: apt-key output should not be parsed (stdout is not a terminal)
com.ubuntu.SoftwareProperties[2113]: OK
com.ubuntu.SoftwareProperties[2113]: gpg: keyring `/tmp/tmpjwlat63e/secring.gpg' created
com.ubuntu.SoftwareProperties[2113]: gpg: keyring `/tmp/tmpjwlat63e/pubring.gpg' created
com.ubuntu.SoftwareProperties[2113]: gpg: requesting key E2D0EBE9 from hkp server keyserver.ubuntu.com
com.ubuntu.SoftwareProperties[2113]: gpg: /tmp/tmpjwlat63e/trustdb.gpg: trustdb created
com.ubuntu.SoftwareProperties[2113]: gpg: key E2D0EBE9: public key "Launchpad PPA for RAVEfinity Project" imported
com.ubuntu.SoftwareProperties[2113]: gpg: Total number processed: 1
com.ubuntu.SoftwareProperties[2113]: gpg: imported: 1 (RSA: 1)
com.ubuntu.SoftwareProperties[2113]: Warning: apt-key output should not be parsed (stdout is not a terminal)
com.ubuntu.SoftwareProperties[2113]: OK
ProblemType: Bug
DistroRelease: Ubuntu 16.10
Package: software-properties-gtk 0.96.24.1
ProcVersionSignature: Ubuntu 4.6.0-9.11-generic 4.6.4
Uname: Linux 4.6.0-9-generic x86_64
NonfreeKernelModules: nvidia_uvm nvidia_modeset nvidia
ApportVersion: 2.20.2-0ubuntu1
Architecture: amd64
CurrentDesktop: GNOME
Date: Sat Jul 23 13:37:35 2016
PackageArchitecture: all
SourcePackage: software-properties
UpgradeStatus: No upgrade log present (probably fresh install)
Status changed to 'Confirmed' because the bug affects multiple users.