Gallup Patricia - Dec 17, 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
Chairman & Chief Admin Officer, Director, 10%+ Owner
Signature
/s/Timothy J. McGrath, attorney-in-fact for Patricia Gallup
Stock symbol
CNXN
Transactions as of
Dec 17, 2021
Transactions value $
-$187,331
Form type
4
Date filed
12/21/2021, 04:02 PM
Previous filing
Dec 16, 2021
Next filing
Dec 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNXN Common Stock Gift $0 -275K -3.65% $0.00 7.27M Dec 17, 2021 Direct F1
transaction CNXN Common Stock Gift $0 -25K -0.34% $0.00 7.24M Dec 17, 2021 Direct F2
transaction CNXN Common Stock Gift $0 +275K +1817.22% $0.00 290K Dec 17, 2021 By Spouse F1
transaction CNXN Common Stock Sale -$14.2K -330 0% $43.14 7.24M Dec 20, 2021 Direct F3, F4
transaction CNXN Common Stock Sale -$173K -4.07K -0.06% $42.54 7.24M Dec 20, 2021 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction involved a gift of securities by the reporting person to her spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F2 This transaction involved a gift of securities by the reporting person to a charity. The reporting person disclaims beneficial ownership of the shares held by the charity.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 16, 2021.
F4 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.05 to $43.31 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
F5 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.08 to $42.96 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.