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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

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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	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

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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	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

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.
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).
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.
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.
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.
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.
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.
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.
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.
The reporting person transferred his indirectly held LLC Units to another entity for no consideration.