SEC Form 4 · accession 0001225208-17-000812
PCM, INC. · PCMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank F Khulusi
Officer — Chairman and CEO · Director · 10% Owner
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 7:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000937941
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON | Jan 3, 2017 | M | 30,000 | $10.50 | A | 33,443 | D | |
| COMMONF2 | Jan 3, 2017 | S | 8,135 | $22.6134 | D | 25,308 | D | |
| COMMONF3 | Jan 3, 2017 | S | 21,865 | $21.9642 | D | 3,443 | D | |
| COMMON | Jan 4, 2017 | M | 30,000 | $10.50 | A | 33,443 | D | |
| COMMONF4 | Jan 4, 2017 | S | 30,000 | $22.3423 | D | 3,443 | D | |
| COMMON | Jan 5, 2017 | M | 30,000 | $10.50 | A | 33,443 | D | |
| COMMONF4 | Jan 5, 2017 | S | 30,000 | $22.1478 | D | 3,443 | D | |
| COMMON | holding | — | — | — | 2,552,508 | I | By the Khulusi Family Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5 | $10.50 | Jan 3, 2017 | M | 30,000 | D | — | Dec 14, 2017 | COMMON | 30,000 | 60,000 | D |
| Stock Option (Right to Buy)F5 | $10.50 | Jan 4, 2017 | M | 30,000 | D | — | Dec 14, 2017 | COMMON | 30,000 | 30,000 | D |
| Stock Option (Right to Buy)F5 | $10.50 | Jan 5, 2017 | M | 30,000 | D | — | Dec 14, 2017 | COMMON | 30,000 | 0 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $22.475 to $22.80. The reporting person undertakes to provide to the issuer, any holder of the issuer's stock, or the SEC, upon request, full information regarding the number of shares sold at each separate price within the range described above.
- F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $21.45 to $22.40. The reporting person undertakes to provide to the issuer, any holder of the issuer's stock, or the SEC, upon request, full information regarding the number of shares sold at each separate price within the range described above.
- F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $22.00 to $22.50. The reporting person undertakes to provide to the issuer, any holder of the issuer's stock, or the SEC, upon request, full information regarding the number of shares sold at each separate price within the range described above.
- F5This option is exercisable in quarterly installments over a 4 year period.