Les B. Korsh - 06 Jul 2022 Form 4 Insider Report for PATTERSON COMPANIES, INC. (PDCO)

Role
Chief Legal Officer
Signature
Les B. Korsh
Issuer symbol
PDCO
Transactions as of
06 Jul 2022
Net transactions value
-$144,930
Form type
4
Filing time
07 Jul 2022, 16:27:55 UTC
Previous filing
06 Jul 2022
Next filing
23 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PDCO Common Stock Sale $144,930 -4,889 -6.4% $29.64 71,449 06 Jul 2022 Direct F1, F2
holding PDCO Common Stock 2,028 06 Jul 2022 By ESOP F3

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 16,892 06 Jul 2022 Common Stock 16,892 $30.59 Direct F4, F5
holding PDCO Employee Stock Options 17,339 06 Jul 2022 Common Stock 17,339 $30.77 Direct F6, F7
holding PDCO Employee Stock Options 24,780 06 Jul 2022 Common Stock 24,780 $23.57 Direct F8, F9
holding PDCO Employee Stock Options 33,784 06 Jul 2022 Common Stock 33,784 $22.25 Direct F10, F11
holding PDCO Employee Stock Options 14,179 06 Jul 2022 Common Stock 14,179 $22.48 Direct F12
holding PDCO Employee Stock Options 11,845 06 Jul 2022 Common Stock 11,845 $47.51 Direct F13
holding PDCO Employee Stock Options 10,379 06 Jul 2022 Common Stock 10,379 $48.47 Direct F14
holding PDCO Employee Stock Options 25,000 06 Jul 2022 Common Stock 25,000 $56.66 Direct F15, F16
* 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 13,603 RSUs awarded on 7/1/2018, 7/1/2019, 7/14/2020, 7/1/2021 and 7/1/2022 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon employment as follows: 4,068 units vest 7/1/2023, 4,773 units vest 7/14/2023, 3,124 units vest 7/1/2024 and 1,638 units vest 7/1/2025.
F3 Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan (ESOP) account through April 29, 2022.
F4 Stock options granted pursuant to the Plan on 7/1/2022.
F5 Options are exercisable as follows: 33.3% on 7/1/2023, 33.3% on 7/1/2024 and 33.4% on 7/1/2025.
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 pursuant to the Plan on 7/1/2017.
F14 Stock options granted pursuant to the Plan on 7/1/2016.
F15 Stock options granted pursuant to the Patterson Companies, Inc. Amended and Restated Equity Incentive Plan on 7/1/2015.
F16 Options are exercisable as follows: 25% on 7/1/2018, 25% on 7/1/2019 and 50% on 7/1/2020.