LEGLER MITCHELL W 4
4 · OneWater Marine Inc. · Filed Sep 23, 2020
Insider Transaction Report
Form 4
LEGLER MITCHELL W
Director
Transactions
- Sale
Class A common stock, par value $0.01
2020-09-22$19.00/sh−40,000$760,000→ 55,556 total - Conversion
Class B common stock, par value $0.01
2020-09-22−79,306→ 0 total - Conversion
Class A common stock, par value $0.01
2020-09-22+79,306→ 95,556 total - Conversion
One Water Marine Holdings, LLC common unit
2020-09-22−79,306→ 0 total→ Class A common stock, par value $0.01 (79,306 underlying)
Footnotes (3)
- [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.
- [F3]Excludes 8,333 shares of Class A common stock previously reported as directly held by Mr. Legler, which are in fact held by a limited liability company over which Mr. Legler has no investment control, as a non-controlling minority member. Those shares have been excluded from this Form 4 as not beneficially owned under Section 16.