Les B. Korsh - Mar 15, 2022 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
VP, General Counsel
Signature
Les B. Korsh
Stock symbol
PDCO
Transactions as of
Mar 15, 2022
Transactions value $
-$185,441
Form type
4
Date filed
3/16/2022, 05:01 PM
Previous filing
Jul 6, 2021
Next filing
Apr 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Sale -$185K -6K -6.7% $30.91 83.5K Mar 15, 2022 Direct F1, F2, F3
holding PDCO Common Stock 1.98K Mar 15, 2022 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 Mar 15, 2022 Common Stock 17.3K $30.77 Direct F5, F6
holding PDCO Employee Stock Options 24.8K Mar 15, 2022 Common Stock 24.8K $23.57 Direct F7, F8
holding PDCO Employee Stock Options 33.8K Mar 15, 2022 Common Stock 33.8K $22.25 Direct F9, F10
holding PDCO Employee Stock Options 14.2K Mar 15, 2022 Common Stock 14.2K $22.48 Direct F11
holding PDCO Employee Stock Options 11.8K Mar 15, 2022 Common Stock 11.8K $47.51 Direct F12
holding PDCO Employee Stock Options 10.4K Mar 15, 2022 Common Stock 10.4K $48.47 Direct F13
holding PDCO Employee Stock Options 25K Mar 15, 2022 Common Stock 25K $56.66 Direct F14, F15
* 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 December 8, 2021.
F2 Includes an aggregate of 16,637 RSUs awarded on 7/1/2017, 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: 7,938 units vest on 7/1/2022, 2,436 units vest on 7/1/2023, 4,773 units vest on 7/14/2023 and 1,490 units vest on 7/1/2024.
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 Represents shares of common stock indirectly held by the 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.
F12 Stock options granted pursuant to the Plan on 7/1/2017.
F13 Stock options granted pursuant to the Plan on 7/1/2016.
F14 Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
F15 Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.