Coliseum Capital Management, LLC - 12 Jun 2023 Form 4 Insider Report for Blue Bird Corp (BLBD)

Role
Director, 10%+ Owner
Signature
Coliseum Capital, LLC, By: /s/ Thomas Sparta, Thomas Sparta, Attorney-in-fact
Issuer symbol
BLBD
Transactions as of
12 Jun 2023
Net transactions value
-$69,000,000
Form type
4
Filing time
14 Jun 2023, 16:05:06 UTC
Previous filing
23 May 2023
Next filing
16 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLBD Common Stock, par value $0.0001 ("Common Stock") Sale $69,000,000 -3,450,000 -74% $20.00 1,237,500 12 Jun 2023 See Footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sale of shares pursuant to an underwritten registered public offering. These securities sold were held by CCP (as defined below) and a separate account investment advisory client of CCM (as defined below) (the "Separate Account").
F2 The Common Stock is held directly by (a) Coliseum Capital Partners, L.P. ("CCP"), an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser, and (b) the Separate Account.
F3 Christopher Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.
F4 Following the transactions reported herein, CCP and the Separate Account directly owned 941,041 and 296,459 shares of Common Stock, respectively.

Remarks:

Gray is a director of the Issuer. As a result, the following persons may be deemed directors by deputization of the Issuer solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended: CCM, CC, CCP, and Shackelton.