SEC Form 4 · accession 0001179110-18-010248
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 1, 2018
Accepted (ET)
Aug 3, 2018 · 4:06 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 1, 2018 | M | 20,000 | $0.00 | A | 227,207 | D | |
| Common StockF1 | Aug 1, 2018 | F | 6,543 | $33.99 | D | 220,664 | 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 1, 2018 | M | 20,000 | A | — | — | Common Stock | 20,000 | 20,000 | 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 November 12, 2012 with the following vesting schedule; 40,000 shares vesting on 8/1/13; 30,000 shares vesting on 8/1/14; 25,000 shares vesting on 8/1/15; 20,000 shares vesting on 8/1/16, 8/1/17, and 8/1/18; and 10,000 shares vesting on 8/1/19 and 8/1/20.