Home > Insider Trading > Filing (0001104659-13-038406)

Filing Details

Accession Number:: 0001104659-13-038406
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-05-07 21:22:28
Reporting Period:: 2013-05-03

Filing Date:: 2013-05-07
Accepted Time:: 2013-05-07 21:22:28
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	Director	Officer	Large Shareholder	Other
948904	Al Et L Jeffrey Gendell	1 Sound Shore Drive Greenwich CT 06830	No	No	Yes	No
1272374	Tontine Capital Management Llc	1 Sound Shore Drive Greenwich CT 06830	No	No	Yes	No
1276922	P L Partners Capital Tontine	1 Sound Shore Drive Greenwich CT 06830	No	No	Yes	No
1409485	Tontine Capital Overseas Master Fund, L.p.	1 Sound Shore Drive Greenwich CT 06830	No	No	Yes	No
1409490	Tontine Capital Overseas Gp, Llc	1 Sound Shore Drive Greenwich CT 06830	No	No	Yes	No
1482608	Tontine Capital Overseas Master Fund Ii, L.p.	1 Sound Shore Drive Greenwich CT 06830	No	No	Yes	No
1482609	Tontine Asset Associates, L.l.c.	1 Sound Shore Drive Greenwich CT 06830	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

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	2013-05-03	12,648	$21.01	3,882,672	No	4	S	Indirect	See Footnotes
Common Stock, No Par Value	Disposition	2013-05-06	26,900	$21.04	3,855,772	No	4	S	Indirect	See Footnotes
Common Stock, No Par Value	Disposition	2013-05-07	5,195	$21.02	3,850,577	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
No	4	S	Indirect	See Footnotes

Footnotes

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 GP, L.L.C., a Delaware limited liability company ("TCO"), Tontine Capital Overseas Master Fund, L.P., a Cayman Islands limited partnership ("TMF"), 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"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TCO, the general partner of TMF; and (c) TAA, the general partner of TCP 2.
On May 3, 2013, TMF sold 12,648 shares of Common Stock at a weighted average price of $21.0118 per share. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.08, 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 ranges set forth in this footnote.
On May 6, 2013, TMF sold 26,900 shares of Common Stock at a weighted average price of $21.0423 per share. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.16, 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 ranges set forth in this footnote.
On May 7, 2013, TMF sold 5,195 shares of Common Stock at a weighted average price of $21.0164 per share. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.088, 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 ranges set forth in this footnote.
Mr. Gendell, TCM, TCO and TAA directly own 0 shares of Common Stock, TMF directly owns 326,099 shares of Common Stock, TCP directly owns 3,265,715 shares of Common Stock and TCP 2 directly owns 258,763 shares of Common Stock.
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 TMF may be deemed to be beneficially owned by TCO. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
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, TCO, TMF, TCP 2 and TAA. 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. TCO 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 TCO or representing TCO's pro rata interest in, and interest in the profits of, TMF.
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.