SEC Form 4 · accession 0001209191-15-065303
PC CONNECTION INC · CNXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hall
Director · 10% Owner
Period of report
Aug 8, 2015
Accepted (ET)
Aug 11, 2015 · 5:13 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 StockF2 | Aug 5, 2015 | S | 5,000 | $21.62 | D | 0 | I | By Charity |
| Common Stock | Aug 8, 2015 | M | 2,000 | $0.00 | A | 152,032 | D | |
| Common Stock | holding | — | — | — | 7,119,094 | I | By Trust |
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 | — | Aug 8, 2015 | M | 2,000 | A | — | — | Common Stock | 2,000 | 2,000 | D |
Explanation of responses
- F1This transaction involved a gift of securities by the reporting person to a charity that operates on land and in a building owned by the reporting person. The charity subsequently sold these securities. The reporting person disclaims beneficial ownership of the shares held by the charity, except to the extent of his pecuniary interest therein.
- F2The shares were sold in multiple transactions on August 5, 2015 at an actual sale price ranging from $21.36 to $21.81 per share. 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 restricted stock units convert into common stock on a one-for-one basis.
- F4The restricted stock units were granted on August 8, 2011, with vesting to occur in two equal annual installments commencing August 8, 2014.