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PATRICK INDUSTRIES INC — Director's Dealing 2018
Feb 24, 2018
31274_dirs_2018-02-23_820c6597-a60a-465f-ad69-8dbaad250013.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: 2018-02-23
Reporting Person: Rodino Jeff (EVP-Sales, Chief Sales Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-02-23 | Common Stock | F | 6633 | $58.50 | Disposed | 100529 | Direct |
| 2018-02-23 | Common Stock | F | 1105 | $66.05 | Disposed | 99424 | Direct |
| 2018-02-23 | Common Stock | A | 16503 | — | Acquired | 115927 | Direct |
| 2018-02-23 | Common Stock | F | 7055 | $58.50 | Disposed | 108872 | Direct |
Footnotes
F1: Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in February 2015 that vested after three years upon the achievement of target Company objectives.
F2: Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with the vesting on the third anniversary of the grant date of an annual management stock grant originally awarded in February 2015.
F3: Represents restricted stock units granted in February 2015 that did not possess voting rights at the time of grant until earned based on the achievement of a cumulative financial performance target over a three-year period and vest at the conclusion of the measurement period. In February 2018, the cumulative financial performance target was achieved at the maximum performance level.