PATRICK INDUSTRIES INC — Director's Dealing 2016

Apr 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PATRICK INDUSTRIES INC (PATK)
CIK: 0000076605
Period of Report: 2016-03-30

Reporting Person: Cleveland Todd M (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-30	Common Stock	M	15000	$18.45	Acquired	424898	Direct
2016-03-30	Common Stock	S	15000	$48.3645	Disposed	409898	Direct
2016-03-30	Common Stock	M	25000	$18.45	Acquired	434898	Direct
2016-03-30	Common Stock	M	25000	$22.13	Acquired	459898	Direct
2016-03-30	Common Stock	M	25000	$26.56	Acquired	484898	Direct
2016-03-30	Common Stock	M	25000	$31.87	Acquired	509898	Direct
2016-03-30	Common Stock	D	50994	$48.54	Disposed	458904	Direct
2016-03-30	Common Stock	F	22173	$48.54	Disposed	436731	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-30	Common Stock Options	$18.45	M	15000	Disposed	2022-12-18	Common Stock (15000)	Direct
2016-03-30	Stock Appreciation Rights	$18.45	M	25000	Disposed	2022-12-18	Common Stock (25000)	Direct
2016-03-30	Stock Appreciation Rights	$22.13	M	25000	Disposed	2022-12-18	Common Stock (25000)	Direct
2016-03-30	Stock Appreciation Rights	$26.56	M	25000	Disposed	2022-12-18	Common Stock (25000)	Direct
2016-03-30	Stock Appreciation Rights	$31.87	M	25000	Disposed	2022-12-18	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15000	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 11, 2016.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.25 to $48.50, 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: Reflects exercise of the stock appreciation rights reported on Table II of this Form 4.

F4: Common stock options granted on December 18, 2013, of which 100,000 option awards vested on December 18, 2014 and 100,000 option awards vested on December 18, 2015. The remaining options will vest on December 18, 2016.

F5: Reflects stock appreciation rights that were granted on December 18, 2013.

F6: The stock appreciation rights exercised on March 30, 2016 became exercisable on December 18, 2015 and 24,999 additional stock appreciation rights will become exercisable on December 18, 2016.