SEC Form 4 · accession 0000914760-15-000264
PATRICK INDUSTRIES INC · PATK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd M Cleveland
Officer — President & CEO · Director
Period of report
Sep 14, 2015
Accepted (ET)
Sep 16, 2015 · 9:15 pm EDT
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 Stock | Sep 14, 2015 | M | 25,001 | $18.45 | A | 457,193 | D | |
| Common Stock | Sep 14, 2015 | M | 25,001 | $22.13 | A | 482,194 | D | |
| Common Stock | Sep 14, 2015 | M | 25,001 | $26.56 | A | 507,195 | D | |
| Common Stock | Sep 14, 2015 | M | 25,001 | $31.87 | A | 532,196 | D | |
| Common Stock | Sep 14, 2015 | D | 52,366 | $47.27 | D | 479,830 | D | |
| Common Stock | Sep 14, 2015 | F | 21,601 | $47.27 | D | 458,229 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2,F3 | $18.45 | Sep 14, 2015 | M | 25,001 | D | — | Dec 18, 2022 | Common Stock | 25,001 | 49,999 | D |
| Stock Appreciation RightsF2,F3 | $22.13 | Sep 14, 2015 | M | 25,001 | D | — | Dec 18, 2022 | Common Stock | 25,001 | 49,999 | D |
| Stock Appreciation RightsF2,F3 | $26.56 | Sep 14, 2015 | M | 25,001 | D | — | Dec 18, 2022 | Common Stock | 25,001 | 49,999 | D |
| Stock Appreciation RightsF2,F3 | $31.87 | Sep 14, 2015 | M | 25,001 | D | — | Dec 18, 2022 | Common Stock | 25,001 | 49,999 | D |
Explanation of responses
- F1Reflects exercise of the stock appreciation rights reported on Table II of this Form 4.
- F2Reflects a stock appreciation right that was granted on December 18, 2013. Amounts set forth in this Form 4 have been adjusted to reflect Patrick Industries, Inc.'s stock dividend of one share of common stock for every two shares held of outstanding common stock paid on May 29, 2015.
- F3The shares exercised on September 14, 2015 became exercisable on December 18, 2014. 24,999 additional shares become exercisable on December 18, 2015 and 25,000 additional shares will become exercisable on December 18, 2016.