13D Filing: Tontine Capital Partners LP and Patrick Industries Inc (PATK)

Item 5.

Interest in Securities of the Issuer

The following disclosure of share ownership by the Reporting Persons is as of the date of this Amendment No. 38 to Schedule 13D.

A.            Tontine Capital Partners, L.P.

(a)         Aggregate number of shares beneficially owned: 633,698.  Percentage: 3.8%.  The percentages used herein and in the rest of Item 5 are calculated based upon 16,824,672 shares of Common Stock issued and outstanding as of July 21, 2017, as reflected in the Quarterly Report on Form 10-Q filed by the Company on August 3, 2017.

(b)         1. Sole power to vote or direct vote: -0-

2. Shared power to vote or direct vote:  633,698

3. Sole power to dispose or direct the disposition: -0-

4. Shared power to dispose or direct the disposition:  633,698

(c)          TCP has not engaged in any transactions in Common Stock in the last 60 days.

(d)         TCM, the general partner of TCP, has the power to direct the affairs of TCP, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares.  Mr. Gendell is the Managing Member of TCM and in that capacity directs its operations.

(e)          Not applicable.

B.            Tontine Capital Management, L.L.C.

(a)         Aggregate number of shares beneficially owned:  774,080.   Percentage:  4.6%.

(b)         1. Sole power to vote or direct vote:  140,382

2. Shared power to vote or direct vote:  633,698

3. Sole power to dispose or direct the disposition: 140,382

4. Shared power to dispose or direct the disposition:  633,698

(c)          TCM has not engaged in any transactions in Common Stock in the last 60 days.

(d)         Mr. Gendell is the Managing Member of TCM and in that capacity directs its operations.

(e)          Not applicable.

C.            Tontine Capital Overseas Master Fund II, L.P.

(a)         Aggregate number of shares beneficially owned: -0-.  Percentage: 0.0%.

(b)         1. Sole power to vote or direct vote:  -0-

2. Shared power to vote or direct vote: -0-

3. Sole power to dispose or direct the disposition: -0-

4. Shared power to dispose or direct the disposition: -0-

(c)          TCP 2 has not engaged in any transactions in Common Stock in the last 60 days.

(d)         TAA, the general partner of TCP 2, has the power to direct the affairs of TCP 2, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares.  Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations.

(e)          Not applicable.

D.            Tontine Asset Associates, L.L.C.

(a)         Aggregate number of shares beneficially owned: -0-.  Percentage:  0.0%.