Eric R. Shirley - Jul 1, 2021 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
President-Patterson Dental
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 1, 2021
Transactions value $
$549,029
Form type
4
Date filed
7/6/2021, 04:39 PM
Previous filing
Jul 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Award $112K +3.66K +7.04% $30.77 55.6K Jul 1, 2021 Direct F1, F2, F3, F4
holding PDCO Common Stock 623 Jul 1, 2021 By ESOP F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PDCO Employee Stock Options Award $437K +14.2K $30.77 14.2K Jul 1, 2021 Common Stock 14.2K $30.77 Direct F6, F7
holding PDCO Employee Stock Options 24.8K Jul 1, 2021 Common Stock 24.8K $23.57 Direct F8, F9
holding PDCO Employee Stock Options 33.8K Jul 1, 2021 Common Stock 33.8K $22.25 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") awarded on 7/1/2021 to Reporting Person pursuant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan"). The RSUs awarded vest, assuming continued employment, 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F2 Includes 26,607 RSUs granted to Reporting Person pursuant to the Plan on 2/4/2019 as an inducement award granted pursuant to the Plan. The RSUs will vest, assuming continued employment, 100% on 2/4/2022.
F3 Includes 14,410 RSU equivalents attributable to the July 1, 2020 determination by the Compensation Committee that the performance criteria for the period of April 27, 2019 through April 25, 2020 applicable to non-derivative performance units issued on July 1, 2019 had been satisfied. Subject to continued employment of the Reporting Person through July 1, 2022, the RSU equivalents will automatically convert into shares of common stock.
F4 Includes an aggregate of 9,829 RSUs awarded to Reporting Person on 7/1/2019 and 7/14/2020 pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 5,056 units vest on 7/1/2022 and 4,773 units vest on 7/14/2023.
F5 Represents shares of common stock indirectly held by the Report Person's Employee Stock Ownership Plan (ESOP) account through May 21, 2021.
F6 Stock options granted pursuant to the Plan on 7/1/2021.
F7 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F8 Stock options granted pursuant to the Plan on 7/14/2020.
F9 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F10 Stock options granted pursuant to the Plan on 7/1/2019.
F11 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.