Filing Details

Accession Number:
0001590976-18-000078
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-09-12 21:17:03
Reporting Period:
2018-09-10
Accepted Time:
2018-09-12 21:17:03
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1590976 Malibu Boats Inc. MBUU Ship & Boat Building & Repairing (3730) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1598726 Jr. D. Jackie Springer 5075 Kimberly Way
Loudon TN 37774
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2018-09-10 13,000 $25.85 99,815 No 4 M Direct
Class A Common Stock Disposition 2018-09-10 21,374 $52.40 78,441 No 4 S Direct
Class A Common Stock Disposition 2018-09-10 14,611 $53.31 63,830 No 4 S Direct
Class A Common Stock Acquisiton 2018-09-10 60,000 $0.00 60,000 No 4 C Indirect See footnote
Class A Common Stock Disposition 2018-09-10 30,200 $52.39 29,800 No 4 S Indirect See footnote
Class A Common Stock Disposition 2018-09-10 29,800 $53.29 0 No 4 S Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 C Indirect See footnote
No 4 S Indirect See footnote
No 4 S Indirect See footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Employee Stock Option (right to buy) Disposition 2018-09-10 13,000 $0.00 13,000 $25.85
Class A Common Stock Units of Malibu Boats Holdings, LLC Disposition 2018-09-10 60,000 $0.00 60,000 $0.00
Class A Common Stock Units of Malibu Boats Holdings, LLC Disposition 2018-09-11 10,000 $0.00 10,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
39,000 2023-06-28 No 4 M Direct
62,735 No 4 C Indirect
52,735 No 5 G Indirect
Footnotes
  1. Includes 15,187 shares of restricted stock vesting in three substantially equal annual installments beginning on November 4, 2018, 3,390 shares of restricted stock vesting on November 6, 2018, 11,300 shares of restricted stock vesting in two equal annual installments beginning on November 6, 2018 and 11,000 shares of restricted stock vesting in four equal annual installments beginning on November 6, 2018.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.01 to $53.00, inclusive. The reporting person undertakes to provide Malibu Boats, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (7) and (8).
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.01 to $53.63, inclusive.
  4. Pursuant to the terms of exchange agreements between the Issuer and holders of LLC Units, a holder of LLC Units has the right to exchange 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 cash payment equal to the market value of the LLC Units. The LLC Units have no expiration dates.
  5. The reporting person exchanged LLC Units for the equivalent number of shares of the Issuer's Class A Common Stock in accordance with the terms of the exchange agreement.
  6. The LLC Units are held directly by a limited liability company. The reporting person and his wife each own a 50% membership interest in, and the reporting person is the managing member of, the limited liability company.
  7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.92 to $52.91, inclusive.
  8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.92 to $53.81, inclusive.
  9. The option vests in four equal annual installments beginning on June 29, 2018. As of the date hereof, an option to purchase 13,000 shares had fully vested and the remaining option to purchase 39,000 shares will vest in three equal annual installments beginning on June 29, 2019.
  10. The reporting person transferred his indirectly held LLC Units to another entity for no consideration.