Sec Form 4 Filing - Rodino Jeff @ PATRICK INDUSTRIES INC - 2017-02-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Rodino Jeff
2. Issuer Name and Ticker or Trading Symbol
PATRICK INDUSTRIES INC [ PATK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP-Sales, Chief Sales Officer
(Last) (First) (Middle)
107 W. FRANKLIN ST
3. Date of Earliest Transaction (MM/DD/YY)
02/22/2017
(Street)
ELKHART, IN46515
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/22/2017 A 11,001 ( 1 ) A $ 0 ( 1 ) 82,648 D
Common Stock 02/22/2017 F 2,519 ( 2 ) D $ 81 80,129 D
Common Stock 02/22/2017 F 603 ( 3 ) D $ 78.35 79,526 D
Common Stock 02/23/2017 S 700 D $ 80.0071 ( 4 ) 78,826 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rodino Jeff
107 W. FRANKLIN ST
ELKHART, IN46515
EVP-Sales, Chief Sales Officer
Signatures
/s/ Jeffrey M. Rodino by Joshua A. Boone, attorney-in-fact 02/24/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents restricted stock units granted in February 2014 that did not possess voting rights at the time of grant until earned based on the achievement of a cumulative financial performance target over a three-year period and vest at the conclusion of the measurement period. In February 2017, the cumulative financial performance target was achieved at the maximum performance level.
( 2 )Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with a performance-based stock grant awarded in February 2014 that vested after three years upon the achievement of target Company objectives.
( 3 )Represents shares of common stock returned to the Company to satisfy the tax withholding obligation associated with the vesting on the third anniversary of the grant date of an annual management stock grant originally awarded in February 2014.
( 4 )The price quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00 to $80.017, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., 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 price range set forth in this footnote.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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