Timothy J. Mcgrath - Oct 29, 2022 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, 2022
Transactions value $
-$103,025
Form type
4
Date filed
10/31/2022, 04:24 PM
Previous filing
Sep 2, 2022
Next filing
Nov 23, 2022
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 +1.57% $0.00 324K Oct 29, 2022 Direct F1
transaction CNXN Common Stock Tax liability -$103K -1.97K -0.61% $52.35 322K Oct 29, 2022 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 -20% $0.00 20K Oct 29, 2022 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, 2022, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on October 29, 2023 through October 29, 2026. The restricted units have an expiration date of October 29, 2031.