Timothy J. McGrath - 01 Sep 2022 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Issuer symbol
CNXN
Transactions as of
01 Sep 2022
Net transactions value
-$283,875
Form type
4
Filing time
02 Sep 2022, 19:56:06 UTC
Previous filing
04 Apr 2022
Next filing
31 Oct 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 +8,000 +2.6% $0.000000 317,741 01 Sep 2022 Direct
transaction CNXN Common Stock Tax liability $151,387 -3,148 -0.99% $48.09 314,593 01 Sep 2022 Direct
transaction CNXN Common Stock Options Exercise $0 +7,000 +2.2% $0.000000 321,593 01 Sep 2022 Direct
transaction CNXN Common Stock Tax liability $132,488 -2,755 -0.86% $48.09 318,838 01 Sep 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 -7,000 -15% $0.000000 41,000 01 Sep 2022 Common Stock 7,000 Direct F1, F2
transaction CNXN Restricted Stock Units Options Exercise $0 -8,000 -25% $0.000000 24,000 01 Sep 2022 Common Stock 8,000 Direct F1, F3
* 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 March 1, 2016; 7,000 of the shares vested on September 1, 2022, and the remaining shares are scheduled to vest as follows: 7,000 on September 1, 2023; 12,000 shares on September 1, 2024; 7,000 shares on September 1, 2025; 10,000 shares on September 1, 2026; and 5,000 shares on September 1, 2027.
F3 The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on October 30, 2014; 8,000 of the shares vested on September 1, 2022, and the remaining shares are scheduled to vest 8,000 shares annually on September 1, 2023 through September 1, 2025.