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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 3/31/21 |
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: 1723527 |
| | Owner Name: WALCHIRK MARK S |
| Reporting Owner Address: |
| | Owner Street 1: 1031 MENDOTA HEIGHTS ROAD |
| | Owner Street 2: |
| | Owner City: ST. PAUL |
| | Owner State: MN |
| | Owner ZIP Code: 55120 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: President & CEO |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/31/21 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 467 |
| | | Transaction Price Per Share: |
| Value: 24.769 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 321,153 |
| Footnote ID: F2 |
| Footnote ID: F3 |
| Footnote ID: F4 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 819 |
| Footnote ID: F5 |
| | 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: F6 |
| | Conversion or Exercise Price: |
| | | Value: 23.57 |
| | Exercise Date: |
| | | Footnote ID: F7 |
| | Expiration Date: |
| | | Value: 7/14/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 178,965 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 178,965 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee Stock Options |
| | | Footnote ID: F8 |
| | Conversion or Exercise Price: |
| | | Value: 22.25 |
| | Exercise Date: |
| | | Footnote ID: F9 |
| | Expiration Date: |
| | | Value: 7/1/29 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 243,994 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 243,994 |
| | 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: 99,956 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 99,956 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Employee Stock Options |
| | | Footnote ID: F11 |
| | Conversion or Exercise Price: |
| | | Value: 35.41 |
| | Exercise Date: |
| | | Value: 12/1/20 |
| | Expiration Date: |
| | | Value: 12/1/27 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 52,764 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 52,764 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Shares acquired by Reporting Person pursuant to the Patterson Companies, Inc. Employee Stock Purchase Plan. |
| Footnote - F2: Includes 96,017 RSUs awarded on 12/1/17, 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: 7,126 units vest 7/1/21, 1,824 units vest 12/1/21, 43,644 units vest 7/1/22, 1,824 units vest 12/1/22, 7,127 units vest 7/1/23 and 34,472 units vest 7/14/23. |
| Footnote - F3: Includes 60,330 RSU equivalents attributable to the June 11, 2019 determination by the Compensation Committee that the performance criteria for the period of April 29, 2018 through April 27, 2019 applicable to non-derivative performance units issued on August 7, 2018 had been satisfied. Subject to continued employment of the Reporting Person through April 24, 2021, the RSU equivalents will automatically convert into shares of common stock. |
| Footnote - F4: Includes 104,074 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 restricted stock unit equivalents will automatically convert into shares of common stock. |
| Footnote - F5: Represents shares of common stock indirectly help by the Reporting Person's Employee Stock Ownership Plan ("ESOP") account through April 25, 2020. |
| Footnote - F6: Stock options granted pursuant to the Plan on 7/14/20. |
| Footnote - F7: 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 - F8: Stock options granted pursuant to the Plan on 7/1/19. |
| Footnote - F9: 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 - F10: Stock options granted pursuant to the Plan on 7/1/18. |
| Footnote - F11: Stock options granted pursuant to the Plan on 12/1/17. |
Remarks: |
Owner Signature: |
| Signature Name: Les B. Korsh, by Power of Attorney |
| Signature Date: 4/1/21 |