SEC Form 4 · accession 0001179110-16-020883
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
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050377
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 1, 2016 | A | 80,000 | A | — | — | Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1The restricted stock units convert into common stock on a one-for-one basis.
- F2The restricted stock units were granted with the following vesting schedule; 8,000 shares vesting on September 1, 2018, September 1, 2019, September 1, 2020, and September 1, 2021; 7,000 shares vesting on September 1, 2022 and September 1, 2023; 12,000 shares vesting on September 1, 2024; 7,000 shares vesting on September 1, 2025; 10,000 shares vesting on September 1, 2026; and 5,000 shares vesting on September 1, 2027.