MALIBU BOATS, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Unregistered Sales of Equity Securities On February 6, 2020, in connection with the exchange of limited liability company interests of the LLC by a member of the LLC, the Company issued a total of 40,000 shares of its Class A Common Stock, par value $0.01 per share for nominal consideration to such member in reliance on the exemption under Section 4(a)(2) of the Securities Act. On February 6, 2020, in connection with the exchange of limited liability company interests of the LLC by a member of the LLC, the Company issued a total of 1,000 shares of its Class A Common Stock, par value $0.01 per share for nominal consideration to such member in reliance on the exemption under Section 4(a)(2) of the Securities Act. Repurchase of Class A Common Stock This table provides information with respect to purchases by us of shares of our Class A Common Stock under our Repurchase Program during the quarter ended March 31, 2020 (in thousands). Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan (1) January — $ — — $ 23,877 February — — — 23,877 March 100,275 27.05 100,275 21,167 Total 100,275 $ 27.05 100,275 $ 21,167 (1) On June 18, 2019, our Board of Directors authorized a stock repurchase program to allow for the repurchase of up to $35.0 million of our Class A Common Stock and the LLC’s LLC Units for the period from July 1, 2019 to July 1, 2020. The Repurchase Program was publicly announced on June 20, 2019. Upon repurchase, the shares were classified as treasury stock and then subsequently retired. In accordance with the terms of the LLC’s limited liability company agreement, an equal number of LLC Units were also canceled. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not Applicable.