Timothy J. Mcgrath - Sep 1, 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Stock symbol
CNXN
Transactions as of
Sep 1, 2021
Transactions value $
-$281,868
Form type
4
Date filed
9/2/2021, 04:46 PM
Previous filing
Jul 6, 2021
Next filing
Nov 1, 2021
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 +7K +2.51% $0.00 286K Sep 1, 2021 Direct
transaction CNXN Common Stock Tax liability -$132K -2.76K -0.96% $47.75 284K Sep 1, 2021 Direct
transaction CNXN Common Stock Options Exercise $0 +8K +2.82% $0.00 292K Sep 1, 2021 Direct
transaction CNXN Common Stock Tax liability -$150K -3.15K -1.08% $47.75 289K Sep 1, 2021 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 -7K -17.95% $0.00 32K Sep 1, 2021 Common Stock 7K Direct F1, F2
transaction CNXN Restricted Stock Units Options Exercise $0 -8K -14.29% $0.00 48K Sep 1, 2021 Common Stock 8K 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 October 30, 2014; 7,000 of the shares vested on September 1, 2021, and the remaining shares are scheduled to vest 8,000 shares annually on September 1, 2022 through September 1, 2025.
F3 The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on March 1, 2016; 8,000 of the shares vested on September 1, 2021, and the remaining shares are scheduled to vest as follows: 7,000 on September 1, 2022 and 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.