X0306 4 2015-05-27 0 0001590976 Malibu Boats, Inc. MBUU 0001598890 Estes Phillip S. 5075 KIMBERLY WAY LOUDON TN 37774 1 0 0 0 Class A Common Stock 2015-05-27 4 C 0 384789 0.00 A 384789 I See Footnote Class A Common Stock 2015-05-27 4 C 0 254823 0.00 A 254823 I See Footnote Class A Common Stock 2015-05-27 4 S 0 384789 19.05 D 0 I See Footnote Class A Common Stock 2015-05-27 4 S 0 254823 19.05 D 0 I See Footnote Class A Common Stock 7025 D Units of Malibu Boats Holdings, LLC 2015-05-27 4 C 0 384789 0.00 D Class A Common Stock 384789 600000 I See Footnote Units of Malibu Boats Holdings, LLC 2015-05-27 4 C 0 254823 0.00 D Class A Common Stock 254823 23637 I See Footnote Pursuant to the terms of exchange agreements (the "Exchange Agreement") between Malibu Boats, Inc. (the "Issuer") and holders of limited liability company interests of Malibu Boats Holdings, LLC (the "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 a cash payment equal to the market value of the LLC Units. The LLC Units have no expiration date. Prior to the closing of the public offering of Class A Common Stock by certain selling stockholders of the Issuer (the "Offering") on May 27, 2015, Horizon Holdings, LLC and Malibu Holdings, L.P. 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 amount shown represents the beneficial ownership of Class A Common Stock and LLC Units, as applicable, owned directly by Horizon Holdings, LLC. Mr. Estes and Mr. James Shorin share the voting power and dispositive power with respect to the securities beneficially owned by Horizon Holdings, LLC and may be deemed the beneficial owner of the securities beneficially owned by Horizon Holdings, LLC. Mr. Estes disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein, if any, in those securities. The amount shown represents the beneficial ownership of Class A Common Stock and LLC Units, as applicable, owned directly by Malibu Holdings, L.P. Horizon Holdings, LLC is the general partner of Malibu Holdings, L.P. and may be deemed the beneficial owner of the securities beneficially owned by Malibu Holdings, L.P. Mr. Estes and Mr. James Shorin share the voting power and dispositive power with respect to the securities beneficially owned by Horizon Holdings, LLC and may be deemed the beneficial owner of the securities beneficially owned by Horizon Holdings, LLC. Mr. Estes disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein, if any, in those securities. Horizon Holdings, LLC and Malibu Holdings, L.P. sold shares of Class A Common Stock in the Offering at a price of $19.05 per share, after deducting underwriting discounts and commissions of $0.95 per share. PHILLIP S. ESTES, /s/ Wayne Wilson as attorney-in-fact 2015-05-27