4//SEC Filing
Tontine Associates, LLC 4
Accession 0001104659-20-029835
CIK 0000076605other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 8:15 PM ET
Size
18.3 KB
Accession
0001104659-20-029835
Insider Transaction Report
Form 4
GENDELL JEFFREY L ET AL
10% Owner
Transactions
- Sale
Common Stock, no par value
2020-03-04$53.83/sh−33,500$1,803,305→ 665,562 total(indirect: See Footnotes) - Sale
Common Stock, no par value
2020-03-04$53.83/sh−16,500$888,195→ 699,062 total(indirect: See Footnotes)
TONTINE CAPITAL PARTNERS L P
10% Owner
Transactions
- Sale
Common Stock, no par value
2020-03-04$53.83/sh−16,500$888,195→ 699,062 total(indirect: See Footnotes) - Sale
Common Stock, no par value
2020-03-04$53.83/sh−33,500$1,803,305→ 665,562 total(indirect: See Footnotes)
TONTINE CAPITAL MANAGEMENT LLC
10% Owner
Transactions
- Sale
Common Stock, no par value
2020-03-04$53.83/sh−16,500$888,195→ 699,062 total(indirect: See Footnotes) - Sale
Common Stock, no par value
2020-03-04$53.83/sh−33,500$1,803,305→ 665,562 total(indirect: See Footnotes)
Transactions
- Sale
Common Stock, no par value
2020-03-04$53.83/sh−16,500$888,195→ 699,062 total(indirect: See Footnotes) - Sale
Common Stock, no par value
2020-03-04$53.83/sh−33,500$1,803,305→ 665,562 total(indirect: See Footnotes)
TONTINE ASSET ASSOCIATES, L.L.C.
10% Owner
Transactions
- Sale
Common Stock, no par value
2020-03-04$53.83/sh−16,500$888,195→ 699,062 total(indirect: See Footnotes) - Sale
Common Stock, no par value
2020-03-04$53.83/sh−33,500$1,803,305→ 665,562 total(indirect: See Footnotes)
Tontine Associates, LLC
10% Owner
Transactions
- Sale
Common Stock, no par value
2020-03-04$53.83/sh−16,500$888,195→ 699,062 total(indirect: See Footnotes) - Sale
Common Stock, no par value
2020-03-04$53.83/sh−33,500$1,803,305→ 665,562 total(indirect: See Footnotes)
Footnotes (7)
- [F1]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 Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TAA, the general partner of TCP 2; and (c) TA.
- [F2]On March 4, 2020, TCP sold 16,500 shares of Common Stock at a weighted average price of $53.83 per share. These shares were sold in multiple transactions at prices ranging from $53.34 to $54.25, 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 range set forth in this footnote.
- [F3]Also on March 4, 2020, TCP 2 sold 33,500 shares of Common Stock at a weighted average price of $53.83 per share. These shares were sold in multiple transactions at prices ranging from $53.34 to $54.25, 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 range set forth in this footnote.
- [F4]Mr. Gendell and TAA directly own 0 shares of Common Stock, TCP 2 directly owns 210,660 shares of Common Stock, TA directly owns 193,006 shares of Common Stock, TCM directly owns 233,356 shares of Common Stock and TCP directly owns 28,540 shares of Common Stock.
- [F5]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 TCP 2 may be deemed to be beneficially owned by TAA.
- [F6]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, TCP 2, TAA and TA. 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.
- [F7]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. TA 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 TA.
Documents
Issuer
PATRICK INDUSTRIES INC
CIK 0000076605
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001491514
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 8:15 PM ET
- Size
- 18.3 KB