Timothy J. McGrath - 27 Nov 2022 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Issuer symbol
CNXN
Transactions as of
27 Nov 2022
Net transactions value
-$328,030
Form type
4
Filing time
28 Nov 2022, 15:55:19 UTC
Previous filing
23 Nov 2022
Next filing
07 Dec 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 +15,000 +4.7% $0.000000 336,870 27 Nov 2022 Direct F1
transaction CNXN Common Stock Tax liability $328,030 -5,903 -1.8% $55.57 330,967 27 Nov 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 -15,000 -60% $0.000000 10,000 27 Nov 2022 Common Stock 15,000 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. Amended and Restated 2007 Stock Incentive Plan on November 27, 2013; 15,000 of the shares vested on November 27, 2022, and the remaining 10,000 shares are scheduled to vest on November 27, 2023.