SEC Form 4 · accession 0001179110-17-000905
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
Jan 9, 2017
Accepted (ET)
Jan 11, 2017 · 4:59 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 | Jan 9, 2017 | M | 7,234 | $13.13 | A | 249,141 | D | |
| Common StockF1,F2 | Jan 9, 2017 | S | 7,234 | $27.6413 | D | 241,907 | D | |
| Common Stock | Jan 10, 2017 | M | 5,935 | $13.13 | A | 247,842 | D | |
| Common StockF1,F3 | Jan 10, 2017 | S | 5,935 | $27.5191 | D | 241,907 | D | |
| Common Stock | Jan 11, 2017 | M | 13,179 | $13.13 | A | 255,086 | D | |
| Common StockF1,F4 | Jan 11, 2017 | S | 13,179 | $27.6155 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option Right to Buy | $13.13 | Jan 9, 2017 | M | 7,234 | D | Dec 31, 2008 | Jul 23, 2017 | Common Stock | 7,234 | 95,121 | D |
| Stock Option Right to Buy | $13.13 | Jan 10, 2017 | M | 5,935 | D | Dec 31, 2008 | Jul 23, 2017 | Common Stock | 5,935 | 89,186 | D |
| Stock Option Right to Buy | $13.13 | Jan 11, 2017 | M | 13,179 | D | Dec 31, 2008 | Jul 23, 2017 | Common Stock | 13,179 | 76,007 | 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 January 9, 2017 at an actual sale price ranging from $27.4050 to $27.74. 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 shares were sold in multiple transactions on January 10, 2017 at an actual sale price ranging from $27.22 to $27.69. 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.
- F4The shares were sold in multiple transactions on January 11, 2017 at an actual sale price ranging from $27.38 to $27.74. 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.