SEC Form 4 · accession 0001437749-16-032728
PATRICK INDUSTRIES INC · PATK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd M Cleveland
Officer — CEO · Director
Period of report
May 20, 2016
Accepted (ET)
May 24, 2016 · 9:00 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 | May 20, 2016 | M | 4,100 | $18.45 | A | 440,831 | D | |
| Common StockF2 | May 20, 2016 | S | 4,100 | $51.2707 | D | 436,731 | D | |
| Common Stock | May 24, 2016 | M | 50,900 | $18.45 | A | 487,631 | D | |
| Common StockF4 | May 24, 2016 | S | 50,900 | $52.0271 | D | 436,731 | D | |
| Common Stock | holding | — | — | — | 15,000 | I | Held by family members living in household |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock OptionsF3 | $18.45 | May 20, 2016 | M | 4,100 | D | — | Dec 18, 2022 | Common Stock | 4,100 | 150,900 | D |
| Common Stock OptionsF3 | $18.45 | May 24, 2016 | M | 50,900 | D | — | Dec 18, 2022 | Common Stock | 50,900 | 100,000 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 17, 2016.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.25 to $51.39, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., 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 price range set forth in this footnote.
- F3Common stock options granted on December 18, 2013, of which 100,000 option awards vested on December 18, 2014 and 100,000 option awards vested on December 18, 2015. The remaining options will vest on December 18, 2016.
- F4The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.25 to $52.55, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., 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 price range set forth in this footnote.