PATRICK INDUSTRIES INC — Director's Dealing 2015

Sep 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PATRICK INDUSTRIES INC (PATK)
CIK: 0000076605
Period of Report: 2015-09-04

Reporting Person: Cleveland Todd M (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-04	Common Stock	M	56528	$18.45	Acquired	560688	Direct
2015-09-04	Common Stock	S	56528	$44.3528	Disposed	504160	Direct
2015-09-08	Common Stock	M	43472	$18.45	Acquired	547632	Direct
2015-09-08	Common Stock	S	43472	$44.6672	Disposed	504160	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-04	Common Stock Options	$18.45	M	56528	Disposed	2022-12-18	Common Stock (56528)	Direct
2015-09-08	Common Stock Options	$18.45	M	43472	Disposed	2022-12-18	Common Stock (43472)	Direct

Footnotes

F1: The Common Stock holding reported herein has been adjusted to reflect a three-for-two stock split paid by the Issuer on May 29, 2015.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.25 to $44.45, 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.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.35 to $45.31, 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.

F4: Common stock options granted on December 18, 2013 of which one-third of the option awards vested on the first anniversary of the grant date or December 18, 2014. The remaining options will vest on a pro-rata basis upon the second and third anniversaries of the grant date, with full vesting at the end of three years, and expire after nine years. The 300,000 total stock options originally granted reflect the three-for-two stock split paid on May 29, 2015 with a post stock-split basis exercise price of $18.45 per share.