Thomas C. Baker - 23 Feb 2022 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
Sr. VP, CFO & Treasurer
Signature
/s/ Thomas C. Baker
Issuer symbol
CNXN
Transactions as of
23 Feb 2022
Net transactions value
-$64,052
Form type
4
Filing time
24 Feb 2022, 15:12:46 UTC
Previous filing
21 Dec 2021
Next filing
09 Mar 2022
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 +5,000 +39% $0.000000 17,912 23 Feb 2022 Direct F1
transaction CNXN Common Stock Tax liability $64,052 -1,340 -7.5% $47.80 16,572 23 Feb 2022 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 -5,000 -25% $0.000000 15,000 23 Feb 2022 Common Stock 5,000 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. 2020 Stock Incentive Plan on February 23, 2021; 5,000 of the shares vested on February 23, 2022, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on February 23, 2023 through February 23, 2025. The restricted stock units have an expiration date of February 23, 2031.