Style Keith 4
4 · OneWater Marine Inc. · Filed Sep 23, 2020
Insider Transaction Report
Form 4
Style Keith
Director
Transactions
- Conversion
Class A common stock, par value $0.01
2020-09-22+41,403→ 50,153 total - Conversion
One Water Marine Holdings, LLC common unit
2020-09-22−41,403→ 0 total→ Class A common stock, par value $0.01 (41,403 underlying) - Conversion
Class B common stock, par value $0.01
2020-09-22−41,403→ 0 total - Sale
Class A common stock, par value $0.01
2020-09-22$19.00/sh−21,000$399,000→ 29,153 total
Footnotes (2)
- [F1]At the request of the holder, each Common Unit of One Water Marine Holdings, LLC ("OneWater LLC") may be coupled with a share of Class B common stock and redeemed for, at the Issuer's election and subject to certain restrictions in the Fourth Amended and Restated Limited Liability Company Agreement of OneWater LLC (the "OneWater LLC Agreement"), newly-issued shares of Class A common stock of OneWater Marine Inc. on a one-for-one basis or for a cash payment to be determined pursuant to the OneWater LLC Agreement for each Common Unit redeemed. The Common Units do not expire.
- [F2]Pursuant to the OneWater LLC Agreement, the shares of the Issuer's Class B common stock were cancelled for no consideration on a one-for-one basis upon the redemption by the Reporting Person of OneWater LLC common units, together with a corresponding number of shares of Class B common stock, for shares of the Issuer's Class A common stock.