SEC Form 4 · accession 0001225208-17-010307
PCM, INC. · PCMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert I Newton
Officer — EVP, General Counsel
Period of report
May 20, 2017
Accepted (ET)
May 23, 2017 · 4:27 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| COMMONF1 | May 20, 2017 | M | 6,400 | $0.00 | A | 29,116 | D | |
| COMMONF2 | May 20, 2017 | F | 3,340 | $18.75 | D | 25,776 | 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 UnitF3,F4 | — | May 20, 2017 | A | 8,000 | A | — | — | COMMON | 8,000 | 28,000 | D |
| Restricted Stock UnitF3,F4 | — | May 20, 2017 | M | 6,400 | D | — | — | COMMON | 6,400 | 21,600 | D |
| Stock Option (Right to Buy)F5 | $18.75 | May 20, 2017 | A | 17,500 | A | — | May 20, 2024 | COMMON | 17,500 | 17,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. This transaction represents the settlement of restricted stock units in shares of the issuer's common stock on their scheduled vesting date.
- F2The issuer has withheld the number of whole shares necessary to satisfy the statutory tax withholding obligations. The value of the vested shares (and the taxable income) is calculated based on the closing price on the vesting date or next preceding trading date in the case that the vesting date is a non-trading date.
- F3Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F4The restricted stock units vest in five equal annual installments beginning on the first anniversary of the date of grant.
- F5This option is exercisable in quarterly installments over a 5 year period.