PATRICK INDUSTRIES INC — Director's Dealing 2007

May 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PATRICK INDUSTRIES INC (PATK)
CIK: 0000076605
Period of Report: 2007-05-18

Reporting Person: GENDELL JEFFREY L ET AL (10% Owner)
Reporting Person: TONTINE CAPITAL PARTNERS L P (10% Owner)
Reporting Person: TONTINE CAPITAL MANAGEMENT LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-18	Common Stock, no par value	P	521380	$11.25	Acquired	1834469	Indirect
2007-05-18	Common Stock, no par value	P	458620	$11.25	Acquired	2293089	Indirect

Footnotes

F1: This report is filed jointly by Tontine Capital Partners, L.P. ("TCP"), a Delaware limited partnership, Tontine Capital Management, L.L.C. ("TCM"), a Delaware limited liability company, and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of TCM, the general partner of TCP. Mr. Gendell is the managing member of Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), the general partner of Tontine Capital Overseas Master Fund, L.P., a Cayman Islands limited partnership ("TMF").

F2: Mr. Gendell directly owns 0 shares of the Common Stock. TCP directly owns 1,834,469 shares of Common Stock. TMF directly owns 458,620 shares of Common Stock. All of the foregoing shares of Common Stock may be deemed to be beneficially owned by Mr. Gendell. Mr. 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, TCO and, TMF.

F3: On May 18, 2007, TMF purchased 458,620 shares of Common Stock. On May 18, 2007, TCP purchased 521,380 shares of Common Stock.