SEC Form 4 · accession 0001104659-18-000847
PATRICK INDUSTRIES INC · PATK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jeffrey L Et Al Gendell
Director
TONTINE CAPITAL MANAGEMENT LLC
Director
TONTINE CAPITAL PARTNERS L P
Director
TONTINE ASSET ASSOCIATES, L.L.C.
Director
Tontine Associates, LLC
Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 8:30 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 Stock, no par valueF2,F3,F1,F5,F6,F7,F8 | Jan 2, 2018 | J | 100,000 | $0.00 | D | 1,232,158 | I | See Footnotes |
| Common Stock, no par valueF2,F3,F1,F5,F6,F7,F8 | Jan 2, 2018 | J | 100,000 | $0.00 | A | 1,232,158 | I | See Footnotes |
| Common Stock, no par valueF4,F3,F1,F5,F6,F7,F8 | Jan 2, 2018 | J | 13,589 | $0.00 | D | 1,218,569 | 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 January 2, 2018, in connection with a pro-rata distribution to the holders of the ownership interests in TCP, TCP distributed 7,456 shares of Common Stock to TCM, 6,499 shares of Common Stock to TA and 86,045 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.
- F3All Common Stock holdings reported herein have been adjusted to reflect a three-for-two common stock split completed by the Issuer on December 8, 2017.
- F4Also on January 2, 2018, TCP 2 distributed 13,589 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.
- F5Mr. Gendell and TAA directly own 0 shares of Common Stock, TCP 2 directly owns 72,456 shares of Common Stock, TA directly owns 190,037 shares of Common Stock, TCM directly owns 218,029 shares of Common Stock and TCP directly owns 738,047 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.