Timothy J. Mcgrath - Oct 29, 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Stock symbol
CNXN
Transactions as of
Oct 29, 2021
Transactions value $
-$90,626
Form type
4
Date filed
11/1/2021, 08:35 PM
Previous filing
Sep 2, 2021
Next filing
Nov 29, 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 +5K +1.73% $0.00 294K Oct 29, 2021 Direct F1
transaction CNXN Common Stock Tax liability -$90.6K -1.97K -0.67% $46.05 292K Oct 29, 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 -5K -16.67% $0.00 25K Oct 29, 2021 Common Stock 5K 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 October 29, 2019; 5,000 of the shares vested on October 29, 2021, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on October 29, 2022 through October 29, 2026. The restricted units have an expiration date of October 29, 2031.