Sec Form 4 Filing - WALCHIRK MARK S @ PATTERSON COMPANIES, INC. - 2021-03-31

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
WALCHIRK MARK S
2. Issuer Name and Ticker or Trading Symbol
PATTERSON COMPANIES, INC. [ PDCO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President & CEO
(Last) (First) (Middle)
1031 MENDOTA HEIGHTS ROAD
3. Date of Earliest Transaction (MM/DD/YY)
03/31/2021
(Street)
ST. PAUL, MN55120
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 03/31/2021 A( 1 ) 467 A $ 24.769 321,153 ( 2 ) ( 3 ) ( 4 ) D
Common Stock 819 ( 5 ) I By ESOP
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
Employee Stock Options ( 6 ) $ 23.57 ( 7 ) 07/14/2030 Common Stock 178,965 178,965 D
Employee Stock Options ( 8 ) $ 22.25 ( 9 ) 07/01/2029 Common Stock 243,994 243,994 D
Employee Stock Options ( 10 ) $ 22.48 07/01/2021 07/01/2028 Common Stock 99,956 99,956 D
Employee Stock Options ( 11 ) $ 35.41 12/01/2020 12/01/2027 Common Stock 52,764 52,764 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WALCHIRK MARK S
1031 MENDOTA HEIGHTS ROAD
ST. PAUL, MN55120
X President & CEO
Signatures
Les B. Korsh, by Power of Attorney 04/01/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares acquired by Reporting Person pursuant to the Patterson Companies, Inc. Employee Stock Purchase Plan.
( 2 )Includes 96,017 RSUs awarded on 12/1/2017, 7/1/2018, 7/1/2019 and 7/14/2020 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 7,126 units vest 7/1/2021, 1,824 units vest 12/1/2021, 43,644 units vest 7/1/2022, 1,824 units vest 12/1/2022, 7,127 units vest 7/1/2023 and 34,472 units vest 7/14/2023.
( 3 )Includes 60,330 RSU equivalents attributable to the June 11, 2019 determination by the Compensation Committee that the performance criteria for the period of April 29, 2018 through April 27, 2019 applicable to non-derivative performance units issued on August 7, 2018 had been satisfied. Subject to continued employment of the Reporting Person through April 24, 2021, the RSU equivalents will automatically convert into shares of common stock.
( 4 )Includes 104,074 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 restricted stock unit equivalents will automatically convert into shares of common stock.
( 5 )Represents shares of common stock indirectly help by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through April 25, 2020.
( 6 )Stock options granted pursuant to the Plan on 7/14/2020.
( 7 )Options are exercisable as follows: 33.3% on 7/14/2021, 33.3% on 7/14/2022 and 33.4% on 7/14/2023.
( 8 )Stock options granted pursuant to the Plan on 7/1/2019.
( 9 )Options are exercisable as follows: 33.3% on 7/1/2020, 33.3% on 7/1/2021 and 33.4% on 7/1/2022.
( 10 )Stock options granted pursuant to the Plan on 7/1/2018.
( 11 )Stock options granted pursuant to the Plan on 12/1/2017.

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