SEC Form 4 · accession 0001179110-16-028502
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 8, 2016
Accepted (ET)
Aug 10, 2016 · 10:45 am 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 8, 2016 | M | 25,000 | $0.00 | A | 262,395 | D | |
| Common StockF1 | Aug 8, 2016 | F | 10,488 | $25.74 | D | 251,907 | D | |
| Common StockF2 | Aug 9, 2016 | S | 10,000 | $25.5523 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Aug 8, 2016 | M | 25,000 | A | — | — | Common Stock | 25,000 | 25,000 | 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 9, 2016 at an actual sale price ranging from $25.50 to $25.66 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.
- F3The restricted stock units convert into common stock on a one-for-one basis.
- F4The restricted stock units were granted on August 8, 2011 with the following vesting schedule; 25,000 shares vesting on August 8, 2014; 25,000 shares vesting on August 8, 2015; 25,000 shares vesting on August 8, 2016; and 25,000 shares vesting on August 8, 2017.