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PC CONNECTION INC — Director's Dealing 2016
Aug 10, 2016
31881_dirs_2016-08-10_32f87275-6447-4d10-acde-6edb8bd08b32.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: 2016-08-08
Reporting Person: MCGRATH TIMOTHY J (President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-08 | Common Stock | M | 25000 | — | Acquired | 262395 | Direct |
| 2016-08-08 | Common Stock | F | 10488 | $25.74 | Disposed | 251907 | Direct |
| 2016-08-09 | Common Stock | S | 10000 | $25.5523 | Disposed | 241907 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-08 | Restricted Stock Units | $ | M | 25000 | Acquired | Common Stock (25000) | Direct |
Footnotes
F1: PC Connection, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory withholding obligations.
F2: The shares were sold in multiple transactions on August 9, 2016 at an actual sale price ranging from $25.50 to $25.66 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F3: The restricted stock units convert into common stock on a one-for-one basis.
F4: The restricted stock units were granted on August 8, 2011 with the following vesting schedule; 25,000 shares vesting on August 8, 2014; 25,000 shares vesting on August 8, 2015; 25,000 shares vesting on August 8, 2016; and 25,000 shares vesting on August 8, 2017.