SEC Form 4 · accession 0001179110-16-029277
PC CONNECTION INC · CNXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Driscoll
Officer — Sr. VP, CFO and Treasurer
Period of report
Sep 1, 2016
Accepted (ET)
Sep 2, 2016 · 4:53 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 | Sep 1, 2016 | M | 6,000 | $0.00 | A | 6,000 | D | |
| Common StockF1 | Sep 1, 2016 | F | 1,947 | $26.29 | D | 4,053 | D | |
| Common Stock | Sep 1, 2016 | M | 6,000 | $0.00 | A | 10,053 | D | |
| Common StockF1 | Sep 1, 2016 | F | 1,947 | $26.29 | D | 8,106 | 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 UnitsF2,F3 | — | Sep 1, 2016 | M | 6,000 | A | Sep 1, 2016 | — | Common Stock | 6,000 | 15,000 | D |
| Restricted Stock UnitsF2,F4 | — | Sep 1, 2016 | M | 6,000 | A | Sep 1, 2016 | — | Common Stock | 6,000 | 19,000 | D |
Explanation of responses
- F1PC Connection, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory withholding obligations.
- F2The restricted stock units convert intor common stock on a one-for-one basis.
- F3The restricted stock units were granted on October 30, 2014 with 5,000 shares vesting on September 1, 2015, 6,000 shares on September 1, 2016, 7,000 shares on September 1, 2017, and 8,000 shares vesting on September 1, 2018.
- F4The restricted stock units were granted on March 2, 2016 with 6,000 shares vesting on September 1, 2016, 4,000 shares on September 1, 2017, 7,500 shares on September 1, 2018, and 7,500 shares vesting on September 1, 2019.