Andrea Frohning - Jul 6, 2021 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
Chief Human Resources Officer
Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Jul 6, 2021
Transactions value $
-$2,332
Form type
4
Date filed
7/7/2021, 05:31 PM
Previous filing
Jul 6, 2021
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Sale -$2.33K -77 -0.19% $30.28 41.5K Jul 6, 2021 Direct F1, F2, F3
holding PDCO Common Stock 1.07K Jul 6, 2021 By ESOP F4

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
holding PDCO Employee Stock Options 17.3K Jul 6, 2021 Common Stock 17.3K $30.77 Direct F5, F6
holding PDCO Employee Stock Options 22K Jul 6, 2021 Common Stock 22K $23.57 Direct F7, F8
holding PDCO Employee Stock Options 30K Jul 6, 2021 Common Stock 30K $22.25 Direct F9, F10
holding PDCO Employee Stock Options 10K Jul 6, 2021 Common Stock 10K $22.48 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 Plan adopted by the Reporting Person on March 31, 2021.
F2 Includes an aggregate of 14,541 RSUs awarded on 7/1/2018, 7/1/2019, 7/14/2020 and 7/1/2021 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 6,649 units vest 7/1/2022, 2,156 units vest 7/1/2023, 4,243 units vest 7/14/2023 and 1,493 units vest 7/1/2024.
F3 Includes 12,810 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 restricted stock unit equivalents will automatically convert into shares of common stock.
F4 Represents shares of common stock indirectly held by Reporting Person's Employee Stock Ownership Plan ("ESOP") account through May 21, 2021.
F5 Stock options granted pursuant to the Plan on 7/1/2021.
F6 Options are exercisable as follows: 33.3% on 7/1/2022, 33.3% on 7/1/2023 and 33.4% on 7/1/2024.
F7 Stock options granted pursuant to the Plan on 7/14/2020.
F8 Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
F9 Stock options granted pursuant to the Plan on 7/1/2019.
F10 Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
F11 Stock options granted pursuant to the Plan on 7/1/2018.