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PATRICK INDUSTRIES INC — Director's Dealing 2012
May 22, 2012
31274_dirs_2012-05-22_71be6ad3-012c-4b7c-8f45-0f455d6a1955.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PATRICK INDUSTRIES INC (PATK)
CIK: 0000076605
Period of Report: 2012-05-21
Reporting Person: Ritchey Jimmy (VP Sales - South & West)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-05-21 | Common Stock | M | 7875 | $.75 | Acquired | 67468 | Direct |
| 2012-05-21 | Common Stock | S | 7875 | $11.7214 | Disposed | 59593 | Direct |
| 2012-05-21 | Common Stock | M | 7875 | $1.75 | Acquired | 67468 | Direct |
| 2012-05-21 | Common Stock | S | 7875 | $11.7214 | Disposed | 59593 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-05-21 | Cpmmon Stock Options | $.75 | M | 7875 | Disposed | 2019-05-21 | Common Stock (7875) | Direct |
| 2012-05-21 | Cpmmon Stock Options | $1.75 | M | 7875 | Disposed | 2019-05-21 | Common Stock (7875) | Direct |
Footnotes
F1: Common stock options granted on May 21, 2009 of which 10% of the option awards were immediately vested on the grant date. The remaining options vest in increments of 25%, 35%, and 30% upon the first, second and third anniversaries, respectively, of the grant date, with full vesting at the end of three years, and expire after ten years. Of the 26,250 total stock options originally granted at an exercise price of $0.75 per share, 18,375 options were previously exercised. The remaining 7,875 options vested and were exercised on May 21, 2012.
F2: Common stock options granted on May 21, 2009 of which 10% of the option awards were immediately vested on the grant date. The remaining options vest in increments of 25%, 35%, and 30% upon the first, second and third anniversaries, respectively, of the grant date, with full vesting at the end of three years, and expire after ten years. Of the 26,250 total stock options originally granted at an exercise price of $1.75 per share, 18,375 options were previously exercised. The remaining 7,875 options vested and were exercised on May 21, 2012.
F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.65 to $11.86, 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.