Form 4 for GOLF Acushnet Holdings Corp.
Accepted 2022-01-25 00:00:00 ET · period of report 2022-01-24 · accession 0001387131-22-000681 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2022-01-25 | 2022-01-24 | GOLF | Magnus Holdings Co., Ltd. | Dir, 10% | S - Sale | $53.59 | -699.8K | 37.10M | -2% | -$37.50M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-01-24 | S | D | 699,819 | $53.59 | 37,104,008 | I See explanation of responses | — | — | (F1) Represents shares sold to Acushnet Holdings Corp. pursuant to the Stock Repurchase Agreement dated November 8, 2021. (F2) Magnus Holdings Co., Ltd., directly holds 37,104,008 shares. The sole shareholder of Magnus Holdings Co., Ltd. is FILA Holdings Corp. Because of FILA Holdings Corp.'s relationship to Magnus Holdings Co., Ltd., FILA Holdings Corp. may be deemed to beneficially own the shares directly held by Magnus Holdings Co., Ltd. (F5) As a result of their roles at FILA Holdings Corp., each of Yoon Soo Yoon and Keun Chang Yoon may be deemed to be the beneficial owner and have voting and dispositive power with respect to the shares directly held by Magnus Holdings Co., Ltd. Each of Yoon Soo Yoon and Keun Chang Yoon disclaims beneficial ownership over the shares held by Magnus Holdings Co., Ltd., except to the extent of his pecuniary interest therein. (F3) Magnus Holdings Co., Ltd. and FILA Holdings Corp. (together, the "Reporting Persons") disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. (F4) Solely for the purposes of Section 16 of the Exchange Act, each of Magnus Holdings Co., Ltd. and FILA Holdings Corp. may be deemed a director-by-deputization by virtue of the fact that (i) Yoon Soo Yoon is the Chairman of the Board of Directors of Acushnet Holdings Corp. and the Chairman of FILA Holdings Corp., (ii) Keun Chang Yoon is a Director on the Board of Directors of Acushnet Holdings Corp. and is the President and Chief Executive Officer of FILA Holdings Corp. and (iii) Jennifer Estabrook is a Director on the Board of Directors of Acushnet Holdings Corp. and the President of Fila North America, an affiliate of FILA Holdings Corp. |