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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 4/24/21 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 891024 |
| Issuer Name: PATTERSON COMPANIES, INC. |
| Issuer Trading Symbol: PDCO |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1341608 |
| | Owner Name: Zurbay Donald |
| Reporting Owner Address: |
| | Owner Street 1: 1031 MENDOTA HEIGHTS |
| | Owner Street 2: |
| | Owner City: ST. PAUL |
| | Owner State: MN |
| | Owner ZIP Code: 55120 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Financial Officer |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/24/21 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 5,630 |
| | | Transaction Price Per Share: |
| Value: 33.46 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 95,897 |
| Footnote ID: F2 |
| Footnote ID: F3 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 671 |
| Footnote ID: F4 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By ESOP |
| Derivative Table: |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee Stock Options |
| | | Footnote ID: F5 |
| | Conversion or Exercise Price: |
| | | Value: 23.57 |
| | Exercise Date: |
| | | Footnote ID: F6 |
| | Expiration Date: |
| | | Value: 7/14/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 57,819 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 57,819 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee Stock Options |
| | | Footnote ID: F7 |
| | Conversion or Exercise Price: |
| | | Value: 22.25 |
| | Exercise Date: |
| | | Footnote ID: F8 |
| | Expiration Date: |
| | | Value: 7/1/29 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 78,829 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 78,829 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee Stock Options |
| | | Footnote ID: F9 |
| | Conversion or Exercise Price: |
| | | Value: 22.67 |
| | Exercise Date: |
| | | Footnote ID: F9 |
| | Expiration Date: |
| | | Value: 6/29/28 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 99,250 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 99,250 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee Stock Options |
| | | Footnote ID: F10 |
| | Conversion or Exercise Price: |
| | | Value: 22.48 |
| | Exercise Date: |
| | | Value: 7/1/21 |
| | Expiration Date: |
| | | Value: 7/1/28 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 33,363 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 33,363 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: On April 24, 2021, the restricted stock unit ("RSU") equivalents vested per the Patterson Companies, Inc. Amended and Restated 2015 Omnibus Incentive Plan ("Plan") and were paid out in common stock. The Company withheld shares to satisfy the tax liability associated with the vesting. |
| Footnote - F2: Includes an aggregate of 29,608 RSUs awarded on 7/1/18, 7/1/19 and 7/14/20 to Reporting Person pursuant to the Plan. The RSUs vest contingent upon continued employment as follows: 2,224 units vest 7/1/21, 14,022 units vest 7/1/22, 2,225 units vest 7/1/23 and 11,137 units vest 7/14/23. |
| Footnote - F3: Includes 33,625 RSU equivalents attributable to the July 1, 2020 determination by the Compensation Committee that the performance criteria for the period of April 27, 2019 through April 25, 2020 applicable to non-derivative performance units issued on July 1, 2019 had been satisfied. Subject to continued employment of the Reporting Person through July 1, 2022, the RSU equivalents will automatically convert into shares of common stock. |
| Footnote - F4: Represents shares of common stock indirectly held by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through April 25, 2020. |
| Footnote - F5: Stock options granted pursuant to the Plan on 7/14/20. |
| Footnote - F6: Options are exercisable as follows: 33.3% on 7/14/21, 33.3% on 7/14/22 and 33.4% on 7/14/23. |
| Footnote - F7: Stock options granted pursuant to the Plan on 7/1/19. |
| Footnote - F8: Options are exercisable as follows: 33.3% on 7/1/20, 33.3% on 7/1/21 and 33.4% on 7/1/22. |
| Footnote - F9: Stock options granted as an inducement award granted outside the Plan on 6/29/18. The stock options granted would vest pro-rata over the course of 3 years, with one-third of the shares vesting on 6/29/19, one-third vesting on 6/29/20, and the remaining one-third vesting 6/29/21, in all cases subject to continued employments. |
| Footnote - F10: Stock options granted pursuant to the Plan on 7/1/18. |
| Remarks: |
| Owner Signature: |
| Signature Name: Les B. Korsh, by Power of Attorney |
| Signature Date: 4/27/21 |
