SEC Form 4 · accession 0001179110-17-014690
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
Nov 27, 2017
Accepted (ET)
Nov 29, 2017 · 4:19 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 | Nov 27, 2017 | M | 10,000 | $0.00 | A | 226,907 | D | |
| Common StockF1 | Nov 27, 2017 | F | 4,195 | $27.04 | D | 222,712 | D | |
| Common StockF2 | Nov 28, 2017 | S | 5,805 | $26.8518 | D | 216,907 | 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 unitsF3,F4 | — | Nov 27, 2017 | M | 10,000 | A | — | — | Common Stock | 10,000 | 95,000 | D |
Explanation of responses
- F1PC Connection, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory tax withholding obligations.
- F2The shares were sold in multiple transactions on November 28, 2017 at an actual sale price ranging from $26.61 to $27.40 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3The restricted stock units convert into common stock on a one-for-one basis.
- F4The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan with the following vesting schedule remaining: 15,000 shares on 11/27/18; 20,000 shares on 11/27/19; 15,000 shares on 11/27/20; 20,000 shares on 11/27/21; 15,000 shares on 11/27/22; and 10,000 shares on 11/27/23.