SEC Form 4 · accession 0001104659-15-019648
PATRICK INDUSTRIES INC · PATK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jeffrey L Et Al Gendell
10% Owner
TONTINE CAPITAL MANAGEMENT LLC
10% Owner
TONTINE CAPITAL PARTNERS L P
10% Owner
TONTINE ASSET ASSOCIATES, L.L.C.
10% Owner
Tontine Associates, LLC
10% Owner
Period of report
Mar 11, 2015
Accepted (ET)
Mar 13, 2015 · 8:31 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, no par valueF2,F1,F5,F6,F7,F8 | Mar 11, 2015 | S | 23,397 | $56.99 | D | 1,854,283 | I | See Footnotes |
| Common Stock, no par valueF3,F1,F5,F6,F7,F8 | Mar 12, 2015 | S | 36,603 | $57.20 | D | 1,817,680 | I | See Footnotes |
| Common Stock, no par valueF4,F1,F5,F6,F7,F8 | Mar 13, 2015 | S | 15,000 | $58.01 | D | 1,802,680 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Capital Overseas Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TAA, the general partner of TCP 2; and (c) TA.
- F2On March 11, 2015, TCP sold 23,397 shares of Common Stock at a weighted average price of $56.99 per share. These shares were sold in multiple transactions at prices ranging from $56.98 to $57.10, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
- F3On March 12, 2015, TCP sold 36,603 shares of Common Stock at a weighted average price of $57.20 per share. These shares were sold in multiple transactions at prices ranging from $56.97 to $57.39, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
- F4On March 13, 2015, TCP sold 15,000 shares of Common Stock at a weighted average price of $58.01 per share. These shares were sold in multiple transactions at prices ranging from $57.96 to $58.26, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
- F5Mr. Gendell, TAA and TCP 2 directly own 0 shares of Common Stock, TA directly owns 68,386 shares of Common Stock, TCM directly owns 78,459 shares of Common Stock and TCP directly owns 1,655,835 shares of Common Stock.
- F6All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
- F7Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TCP 2, TAA and TA. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
- F8TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA.