SEC Form 4 · accession 0001179110-17-003041
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
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 5:01 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 | Feb 21, 2017 | M | 6,337 | $13.13 | A | 248,244 | D | |
| Common StockF1,F2 | Feb 21, 2017 | S | 6,337 | $27.8418 | D | 241,907 | D | |
| Common Stock | Feb 22, 2017 | M | 1,506 | $13.13 | A | 243,413 | D | |
| Common Stock | Feb 22, 2017 | M | 3,528 | $6.77 | A | 246,941 | D | |
| Common StockF1,F3 | Feb 22, 2017 | S | 5,034 | $27.4791 | D | 241,907 | D | |
| Common Stock | Feb 23, 2017 | M | 4,581 | $6.77 | A | 246,488 | D | |
| Common StockF1,F4 | Feb 23, 2017 | S | 4,581 | $27.1688 | 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 | Feb 21, 2017 | M | 6,337 | A | Dec 31, 2008 | Jul 23, 2017 | Common Stock | 6,337 | 1,506 | D |
| Stock Option Right to Buy | $13.13 | Feb 22, 2017 | M | 1,506 | A | Dec 31, 2008 | Jul 23, 2017 | Common Stock | 1,506 | 0 | D |
| Stock Option Right to Buy | $6.77 | Feb 22, 2017 | M | 3,528 | A | Apr 15, 2014 | Apr 15, 2020 | Common Stock | 3,528 | 46,472 | D |
| Stock Option Right to Buy | $6.77 | Feb 23, 2017 | M | 4,581 | A | Apr 15, 2014 | Apr 15, 2020 | Common Stock | 4,581 | 41,891 | 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 February 21, 2017 at an actual sale price ranging from $27.51 to $28.07. 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 February 22, 2017 at an actual sale price ranging from $27.20 to $27.78. 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 February 23, 2017 at an actual sale price ranging from $26.84 to $27.54. 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.