SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Lanigan Mark W.

(Last)

(First)

(Middle)

2000 AVENUE OF THE STARS, 11TH FLOOR

(Street)

LOS ANGELES

90067

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Malibu Boats, Inc. [ MBUU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2014

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/15/2014		S		1,013,314⁽¹⁾	D	$18.5	1,493,739	I	See footnote⁽²⁾
Class A Common Stock	07/15/2014		S		134,793⁽³⁾	D	$18.5	198,699	I	See footnote⁽⁴⁾
Class A Common Stock								9,371	D⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Units of Malibu Boats Holdings, LLC	⁽⁶⁾	07/15/2014		D⁽⁷⁾			56,632⁽⁸⁾	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	56,632	$18.5	83,481	D
Units of Malibu Boats Holdings, LLC	⁽⁶⁾	07/15/2014		D⁽⁷⁾			1,464,341⁽⁹⁾	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	1,464,341	$18.5	2,158,599	I	See footnote⁽¹⁰⁾
Units of Malibu Boats Holdings, LLC	⁽⁶⁾	07/15/2014		D⁽⁷⁾			181,520⁽¹¹⁾	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	181,520	$18.5	267,582	I	See footnote⁽¹²⁾
Units of Malibu Boats Holdings, LLC	⁽⁶⁾	07/15/2014		D⁽⁷⁾			145,596⁽¹³⁾	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	145,596	$18.5	214,625	I	See footnote⁽¹⁴⁾

Explanation of Responses:

1. Represents shares of the Issuer's Class A Common Stock sold by The Canyon Value Realization Master Fund, L.P. ("Canyon Master Fund") in the Issuer's public offering of Class A Common Stock completed on July 15, 2014 (the "Offering").

2. The amount shown represents the beneficial ownership of shares of Issuer's Class A Common Stock owned by Canyon Master Fund.

3. Represents shares of the Issuer's Class A Common Stock sold by BC-MB GP in the Offering.

4. The amount shown represents the beneficial ownership of shares of Issuer's Class A Common Stock owned by BC-MB GP.

5. Represents stock units which are fully vested and payable in an equivalent number of shares of the Issuer's Class A Common Stock upon or as soon as practicable, and in all events within 30 days, following the first to occur of (A) the date of the reporting person's separation from service (as defined in the Issuer's Directors' Compensation Policy) as a director or (B) the occurrence of a change in control under the Issuer's Long-Term Incentive Plan.

6. 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.

7. Following the Offering, the Issuer used the net proceeds from the Offering to purchase LLC Units 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.

8. Represents the LLC Units purchased from the reporting person.

9. Represents the LLC Units purchased from Black Canyon Direct Investment Fund L.P. ("BC Fund").

10. The amount shown represents the beneficial ownership of LLC Units owned by BC Fund.

11. Represents the LLC Units purchased from The Canyon Value Realization Fund, L.P. ("Canyon Fund").

12. The amount shown represents the beneficial ownership of LLC Units owned by the Canyon Fund.

13. Represents the LLC Units purchased from Loudon Partners, LLC ("Loudon").

14. The amount shown represents the beneficial ownership of LLC Units by Loudon.

Remarks:

See Exhibit 99 for the relationship among the reporting person and the entities described above. Exhibit List: Exhibit 99

	MARK W. LANIGAN, /s/ Wayne Wilson as attorney-in-fact	07/15/2014
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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