SEC Form 4 · accession 0001209191-15-082634
PC CONNECTION INC · CNXN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J McGrath
Officer — President and CEO
Period of report
Nov 27, 2015
Accepted (ET)
Dec 1, 2015 · 3:35 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, 2015 | M | 5,000 | $0.00 | A | 244,493 | D | |
| Common StockF1 | Nov 27, 2015 | F | 2,098 | $22.06 | D | 242,395 | D | |
| Common StockF2 | Nov 30, 2015 | S | 5,000 | $22.299 | D | 237,395 | 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, 2015 | M | 5,000 | A | — | — | Common Stock | 5,000 | 115,000 | D |
Explanation of responses
- F1PC Connection, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory withholding obligations.
- F2The shares were sold in multiple transactions on November 30, 2015. 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 under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan with the following vesting schedule; 5,000 shares on 11/27/15; 10,000 shares on 11/27/16; 10,000 shares on 11/27/17; 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.