Acushnet Holdings Corp. — Director's Dealing 2016

Nov 5, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Acushnet Holdings Corp. (GOLF)
CIK: 0001672013
Period of Report: 2016-11-02

Reporting Person: Neoplux No. 1 Private Equity Fund (10% Group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-02	Common Stock	C	1383237	—	Acquired	1383243	Indirect
2016-11-02	Common Stock	C	754488	—	Acquired	2137731	Indirect
2016-11-02	Common Stock	S	1383731	$17.00	Disposed	754000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-02	7.5% Convertible Notes due 2021	$	C	1383237	Disposed		Common Stock (1383237)	Indirect
2016-11-02	Series A redeemable convertible preferred stock	$	C	754488	Disposed		Common Stock (754488)	Indirect

Footnotes

F1: Represents shares of common stock of Acushnet Holdings Corp. ("Acushnet") owned by Neoplux No. 1 Private Equity, an affiliate of Neoplux Co. Ltd. Voting and investment decisions over the shares of common stock of Acushnet owned by Neoplux No. 1 Private Equity are made by the Investment Committee of Neoplux No. 1 Private Equity. The Investment Committee of Neoplux No. 1 Private Equity consists of four members: Mr. Lee, Sangha, Mr. Kim, Donghwan, Mr. Min, Kyungmin and Ms. Park, Jiyoung. These individuals may be deemed to beneficially own the shares of common stock of Acushnet owned by Neoplux No. 1 Private Equity. Such persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein.

F2: Both the 7.5% convertible notes due 2021 (the "Convertible Notes") and Series A redeemable convertible preferred stock (the "Convertible Preferred Stock") automatically converted into common stock on November 2, 2016. The Convertible Notes converted into the number of shares of common stock derived by dividing the outstanding unpaid principle amount of the Convertible Notes by $11.11. The Convertible Preferred Stock converted on a one share of Convertible Preferred Stock for nine shares of common stock basis. As a result of its sale of common stock in Acushnet's initial public offering, the Reporting Person is no longer part of the "group", within the meaning of Rule 13d-5(b) promulgated under the Securities Exchange Act of 1934, that included Odin 3, LLC, Odin 4, LLC, Mirae Asset Partners Private Equity Fund VII, WB Atlas LLC and Woori-Blackstone Korea Opportunity Private Equity Fund 1. As a result, the Reporting Person is no longer subject to Section 16.