SEC Form 4 · accession 0001209191-15-069318
PC CONNECTION INC · CNXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Driscoll
Officer — Sr. VP, Treasurer & CFO
Period of report
Sep 1, 2015
Accepted (ET)
Sep 3, 2015 · 11:33 am 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, 2015 | M | 5,000 | $0.00 | A | 5,000 | D | |
| Common StockF1 | Sep 1, 2015 | F | 1,625 | $20.80 | D | 3,375 | 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 | — | Sep 1, 2015 | M | 5,000 | D | Sep 1, 2015 | — | Common Stock | 5,000 | 21,000 | 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 with the following vesting schedule; 5,000 shares vesting on 9/1/15; 6,000 shares on 9/1/16; 7,000 shares on 9/1/17; and 8,000 shares vesting on 9/1/18.