SEC Form 4 · accession 0001179110-16-028210
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
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 5:14 pm EDT
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 | Aug 1, 2016 | M | 20,000 | $0.00 | A | 257,395 | D | |
| Common StockF1 | Aug 1, 2016 | F | 8,133 | $26.15 | D | 249,262 | D | |
| Common StockF2 | Aug 2, 2016 | S | 7,696 | $25.5193 | D | 241,566 | D | |
| Common StockF3 | Aug 3, 2016 | S | 4,171 | $25.1953 | D | 237,395 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Aug 1, 2016 | M | 20,000 | A | — | — | Common Stock | 20,000 | 60,000 | D |
Explanation of responses
- F1PC Connection, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory withholding obligations.
- F2The shares were sold in multiple transactions on August 2, 2016. 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 issues, full information regarding the number of shares sold at each separate price.
- F3The shares were sold in multiple transactions on August 3, 2016. 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 issues, full information regarding the number of shares sold at each separate price
- F4The restricted stock units convert into common stock on a one-for-one basis.
- F5The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on November 12, 2012 with the following vesting schedule; 40,000 shares vesting on 8/1/13; 30,000 shares vesting on 8/1/14; 25,000 shares vesting on 8/1/15; 20,000 shares vesting on 8/1/16, 8/1/17, and 8/1/18; and 10,000 shares vesting on 8/1/19 and 8/1/20.