Sec Form 4 Filing - Black Canyon Investments, L.P. @ Malibu Boats, Inc. - 2014-07-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Black Canyon Investments, L.P.
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)
(Last) (First) (Middle)
2000 AVENUE OF THE STARS, 11TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
07/15/2014
(Street)
LOS ANGELES, CA90067
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
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 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Units of Malibu Boats Holdings, LLC ( 5 ) 07/15/2014 D( 6 ) 1,464,341 ( 7 ) ( 5 ) ( 5 ) Class A Common Stock 1,464,341 $ 18.5 2,158,599 I See Footnote ( 8 )
Units of Malibu Boats Holdings, LLC ( 5 ) 07/15/2014 D( 6 ) 181,520 ( 9 ) ( 5 ) ( 5 ) Class A Common Stock 181,520 $ 18.5 267,582 I See Footnote ( 10 )
Units of Malibu Boats Holdings, LLC ( 5 ) 07/15/2014 D( 6 ) 145,596 ( 11 ) ( 5 ) ( 5 ) Class A Common Stock 145,596 $ 18.5 214,625 I See Footnote ( 12 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Black Canyon Investments, L.P.
2000 AVENUE OF THE STARS, 11TH FLOOR
LOS ANGELES, CA90067
X X
Black Canyon Investments LLC
2000 AVENUE OF THE STARS, 11TH FLOOR
LOS ANGELES, CA90067
X X
Black Canyon Capital LLC
2000 AVENUE OF THE STARS, 11TH FLOOR
LOS ANGELES, CA90067
X X
Hooks Michael K.
2000 AVENUE OF THE STARS, 11TH FLOOR
LOS ANGELES, CA90067
X X
Lanigan Mark W.
2000 AVENUE OF THE STARS, 11TH FLOOR
LOS ANGELES, CA90067
X X
Signatures
BLACK CANYON INVESTMENTS L.P., By: Black Canyon Investments LLC, its general partner, By: Black Canyon Capital LLC, a managing member, /s/ Wayne Wilson as attorney-in-fact 07/15/2014
Signature of Reporting Person Date
BLACK CANYON INVESTMENTS LLC, By: Black Canyon Capital LLC, a managing member, /s/ Wayne Wilson as attorney-in-fact 07/15/2014
Signature of Reporting Person Date
BLACK CANYON CAPITAL LLC, /s/ Wayne Wilson as attorney-in-fact 07/15/2014
Signature of Reporting Person Date
MICHAEL K. HOOKS, /s/ Wayne Wilson as attorney-in-fact 07/15/2014
Signature of Reporting Person Date
MARK W. LANIGAN, /s/ Wayne Wilson as attorney-in-fact 07/15/2014
Signature of Reporting Person Date
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 )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.
( 6 )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.
( 7 )Represents the LLC Units purchased from Black Canyon Direct Investment Fund L.P. ("BC Fund").
( 8 )The amount shown represents the beneficial ownership of LLC Units owned by BC Fund.
( 9 )Represents the LLC Units purchased by The Canyon Value Realization Fund, L.P. ("Canyon Fund").
( 10 )The amount shown represents the beneficial ownership of LLC Units owned by the Canyon Fund.
( 11 )Represents the LLC Units purchased by Loudon Partners, LLC ("Loudon").
( 12 )The amount shown represents the beneficial ownership of LLC Units by Loudon.

Remarks:
See Exhibit 99 for the relationship among the reporting persons identified herein.Exhibit List:Exhibit 99

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