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Filing Details

Accession Number:
0001104659-19-072682
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-12-13 20:15:43
Reporting Period:
2019-12-11
Accepted Time:
2019-12-13 20:15:43
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
76605 Patrick Industries Inc PATK Millwood, Veneer, Plywood, & Structural Wood Members (2430) 351057796
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
948904 Al Et L Jeffrey Gendell 1 Sound Shore Drive
Greenwich CT 06830
Yes No No No
1272374 Tontine Capital Management Llc 1 Sound Shore Drive
Greenwich CT 06830
Yes No No No
1276922 P L Partners Capital Tontine 1 Sound Shore Drive
Greenwich CT 06830
Yes No No No
1482608 Tontine Capital Overseas Master Fund Ii, L.p. 1 Sound Shore Drive
Greenwich CT 06830
Yes No No No
1482609 Tontine Asset Associates, L.l.c. 1 Sound Shore Drive
Greenwich CT 06830
Yes No No No
1491514 Tontine Associates, Llc 1 Sound Shore Drive
Greenwich CT 06830
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, No Par Value Disposition 2019-12-11 13,943 $52.64 751,619 No 4 S Indirect See Footnotes
Common Stock, No Par Value Disposition 2019-12-12 26,057 $52.86 725,562 No 4 S Indirect See Footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnotes
No 4 S Indirect See Footnotes
Footnotes
  1. This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Capital Overseas Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TAA, the general partner of TCP 2; and (c) TA.
  2. On December 11, 2019, TCP sold 13,943 shares of Common Stock at a weighted average price of $52.64 per share. These shares were sold in multiple transactions at prices ranging from $52.46 to $52.79, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  3. On December 12, 2019, TCP sold 26,057 shares of Common Stock at a weighted average price of $52.86 per share. These shares were sold in multiple transactions at prices ranging from $52.64 to $53.17, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  4. Mr. Gendell and TAA directly own 0 shares of Common Stock, TCP 2 directly owns 244,160 shares of Common Stock, TA directly owns 203,006 shares of Common Stock, TCM directly owns 233,356 shares of Common Stock and TCP directly owns 45,040 shares of Common Stock.
  5. All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
  6. Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TCP 2, TAA and TA. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
  7. TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA.