Donald Zurbay - Mar 15, 2022 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Signature
Les B. Korsh, by Power of Attorney
Stock symbol
PDCO
Transactions as of
Mar 15, 2022
Transactions value $
-$308,802
Form type
4
Date filed
3/16/2022, 05:04 PM
Previous filing
Jul 14, 2021
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Sale -$309K -10K -9.55% $30.88 94.8K Mar 15, 2022 Direct F1, F2, F3
holding PDCO Common Stock 1.06K 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 37.8K Mar 15, 2022 Common Stock 37.8K $30.77 Direct F5, F6
holding PDCO Employee Stock Options 57.8K Mar 15, 2022 Common Stock 57.8K $23.57 Direct F7, F8
holding PDCO Employee Stock Options 78.8K Mar 15, 2022 Common Stock 78.8K $22.25 Direct F9, F10
holding PDCO Employee Stock Options 33.4K Mar 15, 2022 Common Stock 33.4K $22.48 Direct F11
holding PDCO Employee Stock Options 99.3K Mar 15, 2022 Common Stock 99.3K $22.67 Direct F12
* 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 17, 2021.
F2 Includes an aggregate of 37,134 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: 17,272 units vest 7/1/2022, 5,475 units vest 7/1/2023, 11,137 units vest 7/14/2023 and 3,250 units vest 7/1/2024.
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 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 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.