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PATRICK INDUSTRIES INC — Director's Dealing 2021
Jan 9, 2021
31274_dirs_2021-01-08_8b173291-8810-458f-a447-dcd273a22efb.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: 2021-01-06
Reporting Person: Cleveland Todd M (Director, Executive Board Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-06 | Common Stock | S | 7500 | $73.9501 | Disposed | 271095 | Direct |
| 2021-01-06 | Common Stock | S | 1089 | $74.92 | Disposed | 270006 | Direct |
| 2021-01-06 | Common Stock | S | 5000 | $73.6096 | Disposed | 266712 | Indirect |
| 2021-01-06 | Common Stock | S | 7500 | $73.9051 | Disposed | 259212 | Indirect |
| 2021-01-06 | Common Stock | M | 18000 | $12.30 | Acquired | 288006 | Direct |
| 2021-01-06 | Common Stock | F | 7475 | $73.83 | Disposed | 280531 | Direct |
| 2021-01-06 | Common Stock | M | 10000 | $12.30 | Acquired | 290531 | Direct |
| 2021-01-06 | Common Stock | M | 10000 | $14.75 | Acquired | 300531 | Direct |
| 2021-01-06 | Common Stock | M | 10000 | $17.71 | Acquired | 310531 | Direct |
| 2021-01-06 | Common Stock | M | 10000 | $21.25 | Acquired | 320531 | Direct |
| 2021-01-06 | Common Stock | D | 8941 | $73.83 | Disposed | 311590 | Direct |
| 2021-01-06 | Common Stock | F | 13223 | $73.83 | Disposed | 298367 | Direct |
| 2021-01-07 | Common Stock | S | 250 | $74.92 | Disposed | 298117 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-01-06 | Common Stock Options | $12.3 | M | 18000 | Disposed | 2022-12-18 | Common Stock (18000.0) | Direct |
| 2021-01-06 | Stock Appreciation Rights | $12.3 | M | 10000 | Disposed | 2022-12-18 | Common Stock (10000.0) | Direct |
| 2021-01-06 | Stock Appreciation Rights | $14.75 | M | 10000 | Disposed | 2022-12-18 | Common Stock (10000.0) | Direct |
| 2021-01-06 | Stock Appreciation Rights | $17.71 | M | 10000 | Disposed | 2022-12-18 | Common Stock (10000.0) | Direct |
| 2021-01-06 | Stock Appreciation Rights | $21.25 | M | 10000 | Disposed | 2022-12-18 | Common Stock (10000.0) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to Rule 10b5-1(c) trading plans.
F2: The price quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.83 to $74.92, 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 written 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 quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.60 to $73.67, 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 written request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
F4: Reflects exercise of stock options reported on Table II of this Form 4.
F5: Reflects exercise of the stock appreciation rights reported on Table II of this Form 4.
F6: The stock options exercised on January 6, 2021 became exercisable on December 18, 2016.
F7: The stock appreciation rights exercised on January 6, 2021 became exercisable on December 18, 2016.