SEC Form 4 · accession 0001182489-18-000352
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
Sep 1, 2018
Accepted (ET)
Sep 5, 2018 · 5:02 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 | Sep 1, 2018 | M | 8,000 | $0.00 | A | 228,664 | D | |
| Common Stock | Sep 1, 2018 | F | 3,148 | $39.70 | D | 225,516 | D | |
| Common Stock | Sep 1, 2018 | M | 7,000 | $0.00 | A | 232,516 | D | |
| Common Stock | Sep 1, 2018 | F | 2,755 | $39.70 | D | 229,761 | 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 UnitsF1,F2 | — | Sep 1, 2018 | M | 8,000 | A | — | — | Common Stock | 8,000 | 72,000 | D |
| Restricted Stock UnitsF1,F3 | — | Sep 1, 2018 | M | 7,000 | A | — | — | Common Stock | 7,000 | 53,000 | D |
Explanation of responses
- F1The restricted stock units convert into common stock on a one-for-one basis.
- F2The restricted stock units were granted with the following vesting schedule; 8,000 shares vesting on September 1, 2018, September 1, 2019, September 1, 2020, September 1, 2021; 7,000 shares vesting on September 1, 2022 and September 1, 2023; 12,000 shares vesting on September 1, 2024; 7,000 shares vesting on September 1, 2025; 10,000 shares vesting on September 1, 2026; and 5,000 shares vesting on September 1, 2027.
- F3The restricted stock units were granted with the following vesting schedule; 7,000 shares vesting on September 1, 2018, September 1, 2019, September 1, 2020, and September 1, 2021; 8,000 shares vesting on September 1, 2022, September 1, 2023, September 1, 2024, and September 1, 2025