SEC Form 4 · accession 0001179110-17-011282
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
Aug 8, 2017
Accepted (ET)
Aug 9, 2017 · 4:19 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 | Aug 8, 2017 | M | 25,000 | $0.00 | A | 253,517 | D | |
| Common StockF1 | Aug 8, 2017 | F | 10,488 | $26.74 | D | 243,029 | 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 | — | Aug 8, 2017 | M | 25,000 | A | — | — | Common Stock | 25,000 | 0 | 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 into common stock on a one-for-one basis.
- F3The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on August 8, 2011 with the following vesting schedule: 25,000 shares vesting on 8/8/2014; 25,000 shares vesting on 8/8/2015; 25,000 shares vesting on 8/8/2016; and 25,000 shares vesting on 8/8/2017.