| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PATI | Common Stock | -Disposed to Issuer | -$1,467,611 | -90,259 | -100% | $16.26 | 0 | Dec 21, 2023 | Held in Living Trust | F1 |
| transaction | PATI | Common Stock | -Disposed to Issuer | -$11,919 | -733 | -100% | $16.26 | 0 | Dec 21, 2023 | Held by wife | F1 |
| transaction | PATI | Common Stock | -Disposed to Issuer | -$35,756 | -2,199 | -100% | $16.26 | 0 | Dec 21, 2023 | See footnote | F1, F2 |
| transaction | PATI | Common Stock | -Disposed to Issuer | -$573,832 | -35,291 | -100% | $16.26 | 0 | Dec 21, 2023 | See footnote | F1, F3 |
| transaction | PATI | Common Stock | -Disposed to Issuer | -$1,721,397 | -105,867 | -100% | $16.26 | 0 | Dec 21, 2023 | See footnote | F1, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PATI | Option to Buy | -Disposed to Issuer | -$204,404 | -12,571 | -100% | $16.26 | 0 | Dec 21, 2023 | Common Stock | 12,571 | $10.02 | Direct | F5 |
| transaction | PATI | Option to Buy | -Disposed to Issuer | -$468,695 | -28,825 | -100% | $16.26 | 0 | Dec 21, 2023 | Common Stock | 28,825 | $8.84 | Direct | F5 |
| transaction | PATI | Option to Buy | -Disposed to Issuer | -$658,644 | -40,507 | -100% | $16.26 | 0 | Dec 21, 2023 | Common Stock | 40,507 | $7.95 | Direct | F5 |
Thompson S. Baker II is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Pursuant to an Agreement and Plan of Merger, each share of common stock was converted into the right to receive $16.26 per share in cash (the "Merger Consideration"). Each outstanding stock option was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying such stock option and (ii) the excess of the (x) Merger Consideration over the (y) per-share exercise price of the stock option. Each outstanding SAR was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying each such SAR and (ii) the excess, if any, of (x) the Merger Consideration over (y) the per-share SAR Price. |
| F2 | Shares held in trust by the Reporting Person and his wife for the benefit of the Reporting Person's children. |
| F3 | Shares held by the Reporting Person as trustee for the separate trust for Thompson S. Baker II created under the Cynthia L. Baker Trust U/A/D April 30, 1965. |
| F4 | Shares held by the Reporting Person and his siblings as trustees for separate trusts for the Reporting Person's siblings created under the Cynthia L. Baker Trust U/A/D April 30, 1965. The Reporting Person disclaims beneficial ownership of these shares. |
| F5 | Each outstanding stock option was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying such stock option and (ii) the excess of the (x) Merger Consideration over the (y) per-share exercise price of the stock option. |