SEC Form 4 · accession 0001179110-17-004246
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
Mar 6, 2017
Accepted (ET)
Mar 8, 2017 · 4:58 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 | Mar 6, 2017 | M | 8,450 | $6.77 | A | 250,357 | D | |
| Common StovkF1,F2 | Mar 6, 2017 | S | 8,450 | $26.9898 | D | 241,907 | D | |
| Common Stock | Mar 7, 2017 | M | 6,614 | $6.77 | A | 248,521 | D | |
| Common StockF1,F3 | Mar 7, 2017 | S | 6,614 | $26.9964 | D | 241,907 | D | |
| Common Stock | Mar 8, 2017 | M | 15,413 | $6.77 | A | 257,320 | D | |
| Common StockF1,F4 | Mar 8, 2017 | S | 15,413 | $27.2814 | 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 | $6.77 | Mar 6, 2017 | M | 8,450 | A | Apr 15, 2014 | Apr 15, 2020 | Common Stock | 8,450 | 33,441 | D |
| Stock Option Right to Buy | $6.77 | Mar 7, 2017 | M | 6,614 | A | Apr 15, 2014 | Apr 15, 2020 | Common Stock | 6,614 | 26,827 | D |
| Stock Option Right to Buy | $6.77 | Mar 8, 2017 | M | 15,413 | A | Apr 15, 2014 | Apr 15, 2020 | Common Stock | 15,413 | 11,414 | 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 March 6, 2017 at an actual sale price ranging from $26.63 to $27.13. 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 March 7, 2017 at an actual sale price ranging from $26.85 to $27.13. 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 March 8, 2017 at an actual sale price ranging from $26.94 to $27.46. 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.