SEC Form 4 · accession 0001104659-15-025807
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
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 8:30 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,F4,F5,F6,F7 | Apr 1, 2015 | J | 30,234 | $0.00 | D | 1,802,680 | I | See Footnotes |
| Common Stock, no par valueF2,F1,F4,F5,F6,F7 | Apr 1, 2015 | J | 30,234 | $0.00 | A | 1,802,680 | I | See Footnotes |
| Common Stock, no par valueF3,F1,F4,F5,F6,F7 | Apr 1, 2015 | J | 26,044 | $0.00 | D | 1,776,636 | 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 April 1, 2015, in connection with a pro-rata distribution to the holders of ownership interests in TCP, TCP distributed 2,239 shares of Common Stock to TCM, 1,951 shares of Common Stock to TA and 26,044 shares of Common Stock to TCP 2. The transaction described in this footnote did not change the aggregate Common Stock ownership of the filing parties.
- F3On April 1, 2015, TCP 2 distributed 26,044 shares of Common Stock to investors that are not directly or indirectly controlled by Mr. Gendell in connection with the redemption of ownership interests in TCP 2 held by those investors.
- F4Mr. Gendell, TAA and TCP 2 directly own 0 shares of Common Stock, TA directly owns 70,337 shares of Common Stock, TCM directly owns 80,698 shares of Common Stock and TCP directly owns 1,625,601 shares of Common Stock.
- F5All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by, and distributed by, TCP may be deemed to be, or have been, beneficially owned by TCM. The foregoing securities held by, and distributed by, TCP 2 may be deemed to be, or have been, beneficially owned by TAA.
- F6Mr. 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.
- F7TAA 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.