SEC Form 4 · accession 0001179110-17-005083
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 20, 2017
Accepted (ET)
Mar 22, 2017 · 5:24 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 | Mar 20, 2017 | M | 10,304 | $6.77 | A | 252,211 | D | |
| Common StockF1,F2 | Mar 20, 2017 | S | 10,304 | $28.8578 | D | 241,907 | D | |
| Common Stock | Mar 21, 2017 | M | 1,110 | $6.77 | A | 243,017 | D | |
| Common StockF1,F3 | Mar 21, 2017 | S | 1,110 | $28.4624 | D | 241,907 | D | |
| Common StockF1,F3 | Mar 21, 2017 | S | 5,548 | $28.4624 | D | 236,359 | D | |
| Common StockF1,F4 | Mar 22, 2017 | S | 3,530 | $28.1139 | D | 232,829 | 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 20, 2017 | M | 10,304 | A | Apr 15, 2014 | Apr 15, 2020 | Common Stock | 10,304 | 1,110 | D |
| Stock Option Right to Buy | $6.77 | Mar 21, 2017 | M | 1,110 | A | Apr 15, 2014 | Apr 15, 2020 | Common Stock | 1,110 | 0 | 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 20, 2017 at an actual sale price ranging from $28.67 to $29.27. 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 21, 2017 at an actual sale price ranging from $28.29 to $29.20. 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 22, 2017 at an actual sale price ranging from $27.90 to $28.32. 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.