SEC Form 4 · accession 0001209191-17-043973

PATTERSON COMPANIES, INC. · PDCO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Les B Korsh

Officer — VP, General Counsel

Period of report

Jul 3, 2017

Accepted (ET)

Jul 6, 2017 · 4:05 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000891024

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F3,F4,F5	Jul 3, 2017	F	530	$47.51	D	7,634	D
Common Stock^F3,F4,F5	Jul 3, 2017	A	2,236	$47.51	A	9,870	D
Common Stock	holding	—	—		—	283	I	By ESOP

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option	$47.51	Jul 3, 2017	A	11,845	A	Jul 1, 2020	Jul 1, 2027	Common Stock	11,845	11,845	D
Employee Stock Options^F8	$48.47	holding	—	—	—	Jul 1, 2019	Jul 1, 2026	Common Stock	10,379	10,379	D
Employee Stock Options^F9,F10	$56.66	holding	—	—	—	—	Jul 1, 2025	Common Stock	25,000	25,000	D

Explanation of responses

F1Represents shares of common stock withheld for payment of taxes incurred upon the lapse of restrictions on restricted stock awards granted in 2014 and 2015 pursuant to the Patterson Companies, Inc. Equity Incentive Plan.
F10Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.
F2Represents shares of common stock withheld for payment of taxes incurred upon the lapse of restrictions on restricted stock units issued pursuant to the Patterson Companies, Inc. 2015 Omnibus Incentive Plan.
F3Includes 2,281 shares of restricted stock awarded in the years 2014 through 2015 to Reporting Person, which vest, contingent upon continued employment as follows: 887 shares vest on 7/1/2018, 886 shares vest on 7/1/2019 and 508 shares vest on 7/1/2020.
F4Includes 1,039 shares acquired pursuant to Reporting Person's participation in the Patterson Companies, Inc. Capital Accumulation Plan in the year 2016 and remain subject to the terms of such Plan.
F5Includes 1,404 Restricted Stock Units ("RSUs") awarded on 7/1/2016 to Reporting Person pursuant to the Patterson Companies, Inc. 2015 Omnibus Incentive Plan. Each RSU represents a right, contingent upon continued employment, to receive one share of common stock. The award vests as follows: 351 shares vest each year 7/1/2018 through 7/1/2021.
F6Represents RSU's awarded on 7/1/2017 to Reporting Person pursuant to the Patterson Companies, Inc. 2015 Omnibus Incentive Plan. The award vests in 5 equal annual installments commencing on the one year anniversary of the date of grant and each anniversary thereafter.
F7Stock option granted pursuant to the Patterson Companies, Inc. 2015 Omnibus Incentive Plan on 7/1/2017.
F8Stock options granted pursuant to the Patterson Companies, Inc. 2015 Omnibus Incentive Plan on 7/1/2016.
F9Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.