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Filing Details

Accession Number:: 0001140361-20-003213
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-02-13 21:48:07
Reporting Period:: 2020-02-11

Accepted Time:: 2020-02-13 21:48:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1772921	Onewater Marine Inc.	ONEW	Retail-Auto & Home Supply Stores (5531)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1790712	B. Jeffrey Lamkin	6275 Lanier Islands Parkway Buford GA 30518		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock, Par Value $0.01	Acquisiton	2020-02-11	25,000	$12.00	25,000	No	4	P	Indirect	By Nantahala Legacy Partners LLC
Class B Common Stock, Par Value $0.01	Acquisiton	2020-02-11	275,308	$0.00	275,308	No	4	A	Indirect	By L13, LLLP
Class B Common Stock, Par Value $0.01	Acquisiton	2020-02-11	275,308	$0.00	275,308	No	4	A	Indirect	By JBL Investment Holdings, LLLP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Nantahala Legacy Partners LLC
No	4	A	Indirect	By L13, LLLP
No	4	A	Indirect	By JBL Investment Holdings, LLLP

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock, Par Value $0.01	One Water Marine Holdings, LLC common unit	Acquisiton	2020-02-11	275,308	$0.00	275,308	$0.00
Class A Common Stock, Par Value $0.01	One Water Marine Holdings, LLC common unit	Acquisiton	2020-02-11	275,308	$0.00	275,308	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
275,308			No	4	J	Indirect
275,308			No	4	J	Indirect

Footnotes

Sea Oats Management, LLC is the manager of Nantahala Legacy Partners LLC. The Reporting Person is the sole manager of Sea Oats Management, LLC and has sole voting and investment control over shares held by Nantahala Legacy Partners LLC.
The Reporting Person disclaims beneficial ownership of the shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Pursuant to the Reorganization (as defined in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-232639)) as part of the Issuer's initial public offering, the Reporting Person's equity ownership in One Water Marine Holdings, LLC ("OneWater LLC") was converted into newly issued common units in OneWater LLC (the "Common Units") together with an equal number of shares of Class B common stock in the Issuer. The shares of Class B common stock (i) confer no incidents of economic ownership on the holders thereof, (ii) only confer voting rights on the holders thereof and (iii) may only be issued, on a one-for-one basis, to the holders of Common Units.
The general partner of L13, LLLP is Sea Oats Management, LLC, for which the Reporting Person serves as sole manager and has sole voting and investment control over shares held by L13, LLLP.
The general partner of JBL Investment Holdings, LLLP is Sea Oats Management, LLC, for which the Reporting Person serves as sole manager and has sole voting and investment control over shares held by JBL Investment Holdings, LLLP.
At the request of the holder, each Common Unit of 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.