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PC CONNECTION INC — Director's Dealing 2016
Aug 3, 2016
31881_dirs_2016-08-03_f56a3afe-34bb-4e7f-a31f-606c84625bb5.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: 2016-08-01
Reporting Person: MCGRATH TIMOTHY J (President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-01 | Common Stock | M | 20000 | — | Acquired | 257395 | Direct |
| 2016-08-01 | Common Stock | F | 8133 | $26.15 | Disposed | 249262 | Direct |
| 2016-08-02 | Common Stock | S | 7696 | $25.5193 | Disposed | 241566 | Direct |
| 2016-08-03 | Common Stock | S | 4171 | $25.1953 | Disposed | 237395 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-01 | Restricted Stock Units | $ | M | 20000 | Acquired | Common Stock (20000) | 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 2, 2016. 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 issues, full information regarding the number of shares sold at each separate price.
F3: The shares were sold in multiple transactions on August 3, 2016. 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 issues, full information regarding the number of shares sold at each separate price
F4: The restricted stock units convert into common stock on a one-for-one basis.
F5: The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan on November 12, 2012 with the following vesting schedule; 40,000 shares vesting on 8/1/13; 30,000 shares vesting on 8/1/14; 25,000 shares vesting on 8/1/15; 20,000 shares vesting on 8/1/16, 8/1/17, and 8/1/18; and 10,000 shares vesting on 8/1/19 and 8/1/20.