Timothy J. McGrath - 01 Sep 2023 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 2023
Net transactions value
-$317,581
Form type
4
Filing time
05 Sep 2023, 16:24:50 UTC
Previous filing
24 Aug 2023
Next filing
30 Oct 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 +8,000 +2.8% $0.000000 290,151 01 Sep 2023 Direct
transaction CNXN Common Stock Tax liability $169,362 -3,148 -1.1% $53.80 287,003 01 Sep 2023 Direct
transaction CNXN Common Stock Options Exercise $0 +7,000 +2.4% $0.000000 294,003 01 Sep 2023 Direct
transaction CNXN Common Stock Tax liability $148,219 -2,755 -0.94% $53.80 291,248 01 Sep 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 -7,000 -17% $0.000000 34,000 01 Sep 2023 Common Stock 7,000 Direct F1, F2
transaction CNXN Restricted Stock Units Options Exercise $0 -8,000 -33% $0.000000 16,000 01 Sep 2023 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, 2023, and the remaining shares are scheduled to vest as follows: 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, 2023, and the remaining shares are scheduled to vest 8,000 shares annually on September 1, 2024 through September 1, 2025.