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PC CONNECTION INC — Director's Dealing 2016
Sep 2, 2016
31881_dirs_2016-09-02_c892c6b2-ced3-4880-9bac-547a81fbd43d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PC CONNECTION INC (PCCC)
CIK: 0001050377
Period of Report: 2016-09-01
Reporting Person: DRISCOLL JOSEPH (Sr. VP, CFO and Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-09-01 | Common Stock | M | 6000 | — | Acquired | 6000 | Direct |
| 2016-09-01 | Common Stock | F | 1947 | $26.29 | Disposed | 4053 | Direct |
| 2016-09-01 | Common Stock | M | 6000 | — | Acquired | 10053 | Direct |
| 2016-09-01 | Common Stock | F | 1947 | $26.29 | Disposed | 8106 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-09-01 | Restricted Stock Units | $ | M | 6000 | Acquired | Common Stock (6000) | Direct | |
| 2016-09-01 | Restricted Stock Units | $ | M | 6000 | Acquired | Common Stock (6000) | Direct |
Footnotes
F1: PC Connection, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory withholding obligations.
F2: The restricted stock units convert intor common stock on a one-for-one basis.
F3: The restricted stock units were granted on October 30, 2014 with 5,000 shares vesting on September 1, 2015, 6,000 shares on September 1, 2016, 7,000 shares on September 1, 2017, and 8,000 shares vesting on September 1, 2018.
F4: The restricted stock units were granted on March 2, 2016 with 6,000 shares vesting on September 1, 2016, 4,000 shares on September 1, 2017, 7,500 shares on September 1, 2018, and 7,500 shares vesting on September 1, 2019.