Timothy J. Mcgrath - Nov 27, 2021 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
President & CEO
Signature
/s/Timothy J. McGrath
Stock symbol
CNXN
Transactions as of
Nov 27, 2021
Transactions value $
-$356,196
Form type
4
Date filed
11/29/2021, 04:02 PM
Previous filing
Nov 1, 2021
Next filing
Dec 21, 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 +20K +6.86% $0.00 312K Nov 27, 2021 Direct F1
transaction CNXN Common Stock Tax liability -$356K -7.87K -2.53% $45.26 304K Nov 27, 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 -20K -44.44% $0.00 25K Nov 27, 2021 Common Stock 20K 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; 20,000 of the shares vested on November 27, 2021, and the remaining shares are scheduled to vest as follows: 15,000 shares on November 27, 2022; 10,000 shares on November 27, 2023.