SEC Form 4 · accession 0000076605-17-000029
PATRICK INDUSTRIES INC · PATK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Rodino
Officer — EVP-Sales, Chief Sales Officer
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 9:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000076605
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2017 | A | 11,001 | $0.00 | A | 82,648 | D | |
| Common StockF2 | Feb 22, 2017 | F | 2,519 | $81.00 | D | 80,129 | D | |
| Common StockF3 | Feb 22, 2017 | F | 603 | $78.35 | D | 79,526 | D | |
| Common StockF4 | Feb 23, 2017 | S | 700 | $80.0071 | D | 78,826 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units granted in February 2014 that did not possess voting rights at the time of grant until earned based on the achievement of a cumulative financial performance target over a three-year period and vest at the conclusion of the measurement period. In February 2017, the cumulative financial performance target was achieved at the maximum performance level.
- F2Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in February 2014 that vested after three years upon the achievement of target Company objectives.
- F3Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with the vesting on the third anniversary of the grant date of an annual management stock grant originally awarded in February 2014.
- F4The price quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.017, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.