SEC Form 4 · accession 0000076605-18-000037
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 23, 2018
Accepted (ET)
Feb 23, 2018 · 9:40 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 23, 2018 | F | 6,633 | $58.50 | D | 100,529 | D | |
| Common StockF2 | Feb 23, 2018 | F | 1,105 | $66.05 | D | 99,424 | D | |
| Common StockF3 | Feb 23, 2018 | A | 16,503 | $0.00 | A | 115,927 | D | |
| Common StockF1 | Feb 23, 2018 | F | 7,055 | $58.50 | D | 108,872 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in February 2015 that vested after three years upon the achievement of target Company objectives.
- F2Represents 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 2015.
- F3Represents restricted stock units granted in February 2015 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 2018, the cumulative financial performance target was achieved at the maximum performance level.