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PC CONNECTION INC — Director's Dealing 2017
Nov 29, 2017
31881_dirs_2017-11-29_4034b0b2-1fab-44bf-a675-53b6aeebf31d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PC CONNECTION INC (CNXN)
CIK: 0001050377
Period of Report: 2017-11-27
Reporting Person: MCGRATH TIMOTHY J (President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-11-27 | Common Stock | M | 10000 | — | Acquired | 226907 | Direct |
| 2017-11-27 | Common Stock | F | 4195 | $27.04 | Disposed | 222712 | Direct |
| 2017-11-28 | Common Stock | S | 5805 | $26.8518 | Disposed | 216907 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-11-27 | Restricted Stock units | $ | M | 10000 | Acquired | Common Stock (10000) | Direct |
Footnotes
F1: PC Connection, Inc. has withheld the number of whole shares necessary to satisfy the minimum statutory tax withholding obligations.
F2: The shares were sold in multiple transactions on November 28, 2017 at an actual sale price ranging from $26.61 to $27.40 per share. The price reported reflects the weighted average sale price for the transactions. The reporting person undertakes to provide upon request by 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 under the PC Connection, Inc. Amended and Restated 2007 Stock Incentive Plan with the following vesting schedule remaining: 15,000 shares on 11/27/18; 20,000 shares on 11/27/19; 15,000 shares on 11/27/20; 20,000 shares on 11/27/21; 15,000 shares on 11/27/22; and 10,000 shares on 11/27/23.