Coliseum Capital Management, LLC - Sep 14, 2023 Form 4 Insider Report for Blue Bird Corp (BLBD)

Role
Director
Signature
Coliseum Capital, LLC, By: /s/ Thomas Sparta, Thomas Sparta, Attorney-in-fact
Stock symbol
BLBD
Transactions as of
Sep 14, 2023
Transactions value $
-$25,987,500
Form type
4
Date filed
9/18/2023, 04:05 PM
Previous filing
Sep 15, 2023
Next filing
Sep 28, 2023

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 -$26M -1.24M -100% $21.00 0 Sep 14, 2023 See Footnotes F1, F2, F3
* 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"). In connection with such sale and in respect of certain fees, CCP and the Separate Account also received payments of $197,618.61 and $62,256.39, respectively, from the Issuer.
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.

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.