Thomas C. Baker - 23 Feb 2023 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 2023
Net transactions value
-$85,759
Form type
4
Filing time
27 Feb 2023, 15:11:53 UTC
Previous filing
19 Dec 2022
Next filing
08 Mar 2023
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 +19% $0.000000 30,660 23 Feb 2023 Direct F1
transaction CNXN Common Stock Tax liability $85,759 -1,987 -6.5% $43.16 28,673 23 Feb 2023 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 -33% $0.000000 10,000 23 Feb 2023 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, 2023, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on February 23, 2024 through February 23, 2025. The restricted stock units have an expiration date of February 23, 2031.