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Filing Details

Accession Number:: 0001104659-16-154975
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-04 19:20:05
Reporting Period:: 2016-11-02

Filing Date:: 2016-11-04
Accepted Time:: 2016-11-04 19:20:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1672013	Acushnet Holdings Corp.	GOLF	Sporting & Athletic Goods, Nec (3949)	455644353

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1688461	Odin 4, Llc	C/O Mirae Asset Global Investments, 26F, East Tower Mirae Asset Center 1, 26, Eul Seoul M5 04539	No	No	No	Yes
1688463	Odin 3, Llc	C/O Mirae Asset Global Investments, 26F, East Tower Mirae Asset Center 1, 26, Eul Seoul M5 04539	No	No	No	Yes
1688764	Vii Fund Equity Private Partners Asset Mirae	C/O Mirae Asset Global Investments, 26F, East Tower Mirae Asset Center 1, 26, Eul Seoul M5 04539	No	No	No	Yes

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
Common Stock	Acquisiton	2016-11-02	17,258,895	$0.00	17,258,915	No	4	C	Indirect	See footnotes
Common Stock	Acquisiton	2016-11-02	8,727,129	$0.00	25,986,044	No	4	C	Indirect	See footnotes
Common Stock	Disposition	2016-11-02	16,820,502	$17.00	9,165,542	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnotes
No	4	C	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	7.5% Convertible Notes due 2021	Disposition	2016-11-02	17,258,895	$0.00	17,258,895	$0.00
Common Stock	Series A redeemable convertible preferred stock	Disposition	2016-11-02	8,727,129	$0.00	8,727,129	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect
0			No	4	C	Indirect

Footnotes

Represents shares of common stock of Acushnet Holdings Corp. ("Acushnet") owned by Odin 3, LLC and Odin 4, LLC (the "Mirae Funds"), both of which are Korean limited liability companies that are wholly owned by Mirae Asset Partners Private Equity Fund VII. The general partners of Mirae Asset Partners Private Equity Fund VII are Mirae Asset Global Investments Co. Ltd. and Mirae Asset Securities Co. Ltd. Voting and investment decisions over the shares of common stock of Acushnet owned by the Mirae Funds are made by an investment committee of Mirae Asset Global Investments Co. Ltd. comprised of six members. Each of the members of the committee may be deemed to share voting and investment power with respect to the shares of common stock of Acushnet owned by the Mirae Funds. Such members disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein.
Both the 7.5% convertible notes due 2021 (the "Convertible Notes") and the Series A redeemable convertible preferred stock (the "Convertible Preferred Stock") automatically converted into shares of common stock of Acushnet on November 2, 2016. The Convertible Notes converted into an amount of shares of common stock derived by dividing the outstanding unpaid principal amount of the Convertible Notes by $11.11. The Convertible Preferred Stock converted on a one share of Convertible Preferred Stock for nine shares of common stock basis.
The Mirae Funds entered into a Shareholders' Agreement dated as of October 26, 2016 and effective on November 2, 2016 by and among the Mirae Funds, WB Atlas LLC, Neoplux No. 1 Private Equity, Fila Korea Ltd. and Magnus Holdings Co. Ltd. By reason of certain provisions included in the Shareholders' Agreement, the Mirae Funds, Mirae Asset Partners Private Equity Fund VII, WB Atlas LLC and Woori-Blackstone Korea Opportunity Private Equity Fund 1 may be deemed to be members of a group ("Group") within the meaning of Rule 13d-5(b) promulgated under the Securities Exchange Act of 1934, as amended, with regard to their respective interests in the equity securities of Acushnet.
The amount of Acushnet's securities held by the Mirae Funds and Mirae Asset Partners Private Equity Fund VII as reported in this Form 4 does not include the holdings of the other parties to the Group. The Mirae Funds and Mirae Asset Partners Private Equity Fund VII disclaim any pecuniary interest in the Acushnet securities beneficially owned by the other parties to the Group.