Malibu Boats, Inc. 4
4 · Malibu Boats, Inc. · Filed Jul 15, 2014
Insider Transaction Report
Form 4
Gasper Dan L.
See Remarks
Transactions
- Disposition to Issuer
Units of Malibu Boats Holdings, LLC
2014-07-15$18.50/sh−47,093$871,221→ 69,419 total→ Class A Common Stock (47,093 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of an exchange agreement, the holder of the Units in Malibu Boats Holdings, LLC (the "LLC Units") has a right to exchange the LLC Units for shares of the Issuer's Class A Common Stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications, or at the Issuer's option, other than in the event of a change in control, for a cash payment equal to the market value of the LLC Units. The LLC Units have no expiration date.
- [F2]Following the Issuer's public offering of Class A Common Stock completed on July 15, 2014 (the "Offering"), the Issuer used the net proceeds from the Offering to purchase the number of LLC Units shown, from the reporting person at a purchase price per unit equal to the public offering price per share of Class A Common Stock in the Offering, after deducting underwriting discounts and commissions.