4//SEC Filing
PATRICK INDUSTRIES INC 4
Accession 0001104659-16-108398
$PATKCIK 0000076605operating
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 8:37 PM ET
Size
16.1 KB
Accession
0001104659-16-108398
Insider Transaction Report
Form 4
TONTINE CAPITAL PARTNERS L P
10% Owner
Transactions
- Sale
Common Stock, no par value
2016-03-28$46.06/sh−41,576$1,914,991→ 1,299,437 total(indirect: See Footnotes)
Footnotes (7)
- [F1]This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Capital Overseas Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TAA, the general partner of TCP 2; and (c) TA.
- [F2]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by TCP on November 16, 2015. As of March 28, 2016, there were no shares of Common Stock remaining to be sold under such Rule 10b5-1 trading plan.
- [F3]On March 28, 2016, TCP sold 41,576 shares of Common Stock at a weighted average price of $46.06 per share. These shares were sold in multiple transactions at prices ranging from $46.00 to $46.44, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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 range set forth in this footnote.
- [F4]Mr. Gendell, TAA and TCP 2 directly own 0 shares of Common Stock, TA directly owns 122,359 shares of Common Stock, TCM directly owns 140,382 shares of Common Stock and TCP directly owns 1,036,696 shares of Common Stock.
- [F5]All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
- [F6]Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TCP 2, TAA and TA. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
- [F7]TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA.
Documents
Issuer
PATRICK INDUSTRIES INC
CIK 0000076605
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0000076605
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 8:37 PM ET
- Size
- 16.1 KB