SEC Form 4 · accession 0001104659-16-164295
PC CONNECTION INC · CNXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J McGrath
Officer — President & CEO
Period of report
Dec 27, 2016
Accepted (ET)
Dec 29, 2016 · 5:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050377
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 27, 2016 | M | 5,167 | $13.13 | A | 247,074 | D | |
| Common StockF1 | Dec 27, 2016 | S | 5,167 | $28.6179 | D | 241,907 | D | |
| Common Stock | Dec 28, 2016 | M | 5,139 | $13.13 | A | 247,046 | D | |
| Common StockF1,F2 | Dec 28, 2016 | S | 5,139 | $27.8542 | D | 241,907 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stk. Opt. Right to Buy | $13.13 | Dec 27, 2016 | M | 5,167 | D | Dec 31, 2008 | Jul 23, 2017 | Common Stock | 5,167 | 107,494 | D |
| Stk. Opt. Right to Buy | $13.13 | Dec 28, 2016 | M | 5,139 | D | Dec 31, 2008 | Jul 23, 2017 | Common Stock | 5,139 | 102,355 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2016.
- F2The shares were sold in multiple transactions on December 28, 2016 at an actual sale price ranging from $27.66 to $28.64 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.