Donald Zurbay - Jul 1, 2021 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role: Chief Financial Officer
Signature: Les B. Korsh, by Power of Attorney
Stock symbol: PDCO
Transactions as of: Jul 1, 2021
Transactions value $: $1,436,621
Form type: 4
Date filed: 7/6/2021, 04:42 PM
Previous filing: Jun 21, 2021
Next filing: Jul 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDCO	Common Stock	Tax liability	-$27.4K	-892	-0.93%	$30.77	95K	Jul 1, 2021	Direct	F1, F2, F3
transaction	PDCO	Common Stock	Award	$300K	+9.75K	+10.26%	$30.77	105K	Jul 1, 2021	Direct	F2, F3, F4
holding	PDCO	Common Stock						1.06K	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	$1.16M	+37.8K		$30.77	37.8K	Jul 1, 2021	Common Stock	37.8K	$30.77	Direct	F6, F7
holding	PDCO	Employee Stock Options						57.8K	Jul 1, 2021	Common Stock	57.8K	$23.57	Direct	F8, F9
holding	PDCO	Employee Stock Options						78.8K	Jul 1, 2021	Common Stock	78.8K	$22.25	Direct	F10, F11
holding	PDCO	Employee Stock Options						33.4K	Jul 1, 2021	Common Stock	33.4K	$22.48	Direct	F12
holding	PDCO	Employee Stock Options						99.3K	Jul 1, 2021	Common Stock	99.3K	$22.67	Direct	F13

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock withheld for payment of taxes incurred upon the lapse of restrictions on restricted stock units ("RSUs") issued purusant to the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan").
F2	Includes an aggregate of 27,384 RSUs awarded on 7/1/2018, 7/1/2019 and 7/14/2020 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 14,022 units vest 7/1/2022, 2,225 units vest 7/1/2023 and 11,137 units vest 7/14/2023.
F3	Includes 33,625 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	Represents RSUs awarded on 7/1/2021 to Reporting Person pursuant to the 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.
F5	Represents shares of common stock indirectly held by the Reporting 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.
F12	Stock options granted pursuant to the Plan on 7/1/2018.
F13	Stock options granted as an inducement award granted outside the Plan on 6/29/2018. The stock options granted would vest pro-rata over the course of 3 years, with one-third of the shares vesting on 6/29/2019, one-third vesting on 6/29/2020, and the remaining one-third vesting 6/29/2021, in all cases subject to continued employments.