Ritchey Jimmy 4
4 · PATRICK INDUSTRIES INC · Filed May 22, 2012
Insider Transaction Report
Form 4
Ritchey Jimmy
VP - Sales, South & West
Transactions
- Exercise/Conversion
Common Stock
2012-05-21$0.75/sh+7,875$5,906→ 67,468 total - Sale
Common Stock
2012-05-21$11.72/sh−7,875$92,306→ 59,593 total - Exercise/Conversion
Cpmmon Stock Options
2012-05-21−7,875→ 0 totalExercise: $1.75Exp: 2019-05-21→ Common Stock (7,875 underlying) - Sale
Common Stock
2012-05-21$11.72/sh−7,875$92,306→ 59,593 total - Exercise/Conversion
Common Stock
2012-05-21$1.75/sh+7,875$13,781→ 67,468 total - Exercise/Conversion
Cpmmon Stock Options
2012-05-21−7,875→ 0 totalExercise: $0.75Exp: 2019-05-21→ Common Stock (7,875 underlying)
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]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.