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Filing Details

Accession Number:: 0001140361-12-026836
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-05-22 13:00:00
Reporting Period:: 2012-05-21

Filing Date:: 2012-05-22
Accepted Time:: 2012-05-22 17:14:51
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
1465438	Jimmy Ritchey	107 W. Franklin St Elkhart IN 46515	Vp Sales - South & West	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2012-05-21	7,875	$0.75	67,468	No	4	M	Direct
Common Stock	Disposition	2012-05-21	7,875	$11.72	59,593	No	4	S	Direct
Common Stock	Acquisiton	2012-05-21	7,875	$1.75	67,468	No	4	M	Direct
Common Stock	Disposition	2012-05-21	7,875	$11.72	59,593	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Cpmmon Stock Options	Disposition	2012-05-21	7,875	$0.00	7,875	$0.75
Common Stock	Cpmmon Stock Options	Disposition	2012-05-21	7,875	$0.00	7,875	$1.75

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2019-05-21	No	4	M	Direct
0		2019-05-21	No	4	M	Direct

Footnotes

Common stock options granted on May 21, 2009 of which 10% of the option awards were immediately vested on the grant date. The remaining options vest in increments of 25%, 35%, and 30% upon the first, second and third anniversaries, respectively, of the grant date, with full vesting at the end of three years, and expire after ten years. Of the 26,250 total stock options originally granted at an exercise price of $0.75 per share, 18,375 options were previously exercised. The remaining 7,875 options vested and were exercised on May 21, 2012.
Common stock options granted on May 21, 2009 of which 10% of the option awards were immediately vested on the grant date. The remaining options vest in increments of 25%, 35%, and 30% upon the first, second and third anniversaries, respectively, of the grant date, with full vesting at the end of three years, and expire after ten years. Of the 26,250 total stock options originally granted at an exercise price of $1.75 per share, 18,375 options were previously exercised. The remaining 7,875 options vested and were exercised on May 21, 2012.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.65 to $11.86, 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.