Timothy J. McGrath - 01 Jul 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role: President & CEO
Signature: /s/Timothy J. McGrath
Issuer symbol: CNXN
Transactions as of: 01 Jul 2021
Net transactions value: -$136,678
Form type: 4
Filing time: 06 Jul 2021, 16:59:01 UTC
Next filing: 02 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNXN	Common Stock	Options Exercise	$0	+7,500	+2.7%	$0.000000	282,369	01 Jul 2021	Direct
transaction	CNXN	Common Stock	Tax liability	$136,678	-2,952	-1%	$46.30	279,417	01 Jul 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CNXN	Restricted Stock Units	Options Exercise	$0	-7,500	-11%	$0.000000	60,000	01 Jul 2021	Common Stock	7,500		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units convert into common stock on a one-for-one basis.
F2	The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on February 13, 2018; 7,500 of the shares vested on July 1, 2021, and the remaining shares are scheduled to vest 10,000 shares each year commencing on April 1, 2022 thru April 1, 2027.