SEC Form 4 · accession 0001209191-18-037407
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
Jun 11, 2018
Accepted (ET)
Jun 13, 2018 · 2:27 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 StockF2,F3,F4 | Jun 11, 2018 | A | 67,506 | $22.22 | A | 79,258 | D | |
| Common StockF5 | holding | — | — | — | 330 | 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 OptionsF6 | $47.51 | holding | — | — | — | Jul 1, 2020 | Jul 1, 2027 | Common Stock | 11,845 | 11,845 | D |
| Employee Stock OptionsF7 | $48.47 | holding | — | — | — | Jul 1, 2019 | Jul 1, 2026 | Common Stock | 10,379 | 10,379 | D |
| Employee Stock OptionsF8,F9 | $56.66 | holding | — | — | — | — | Jul 1, 2025 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Represents Restricted Stock Units ("RSUs") awarded to Reporting Person pursuant to a Restrictive Covenants, Severance and Change in Control Agreement between Patterson Companies, Inc. and the Reporting Person. Each RSU represents a right to receive one share of common stock upon vesting. The RSUs are issued under the Patterson Companies, Inc. 2015 Omnibus Incentive Plan ("Plan") and will vest, contingent upon continued employment, 25% on 6/11/2019, 25% on 6/11/2020 and 50% on 6/11/2021.
- F2Includes 2,281 shares of restricted stock awarded in the years 2014 through 2015 to Reporting Person, which vest, contingent upon continued employment as follows: 886 shares vest on 7/1/2018, 887 shares vest on 7/1/2019, 508 shares vest on 7/1/2020.
- F3Includes 3,640 RSUs awarded on 7/1/2016, 7/1/2017 and 7/1/2018 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 798 units in aggregate vest on 7/1/2018, 798 units in aggregate vest on 7/1/2019, 798 units in aggregate vest on 7/1/2020, 798 units in aggregate vest on 7/1/2021 and 448 units vest on 7/1/2022.
- F4Includes 2,921 shares acquired pursuant to Reporting Person's participation in the Patterson Companies, Inc. Capital Accumulation Plan in the years 2016 and 2017 and remain subject to the terms of such plan.
- F5Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan (ESOP) account through April 30, 2018.
- F6Stock options granted pursuant to the Plan on 7/1/2017.
- F7Stock options granted pursuant to the Plan on 7/1/2016.
- F8Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
- F9Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.