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PC CONNECTION INC — Director's Dealing 2018
Feb 15, 2018
31881_dirs_2018-02-15_d9fafaa0-8f1e-4b8a-a630-54fe92f7d24d.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: 2018-02-13
Reporting Person: MCGRATH TIMOTHY J (President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-02-13 | Restricted Stock Units | $ | A | 100000 | Acquired | Common Stock (100000) | Direct |
Footnotes
F1: The restricted stock units convert into common stock on a one-for-one basis.
F2: The restricted stock units were granted with the following vesting schedule; 5,000 shares vesting on April 1, 2019; 10,000 shares vesting on April 1, 2020, April 1, 2021, April 1, 2022, April 1, 2023, April 1, 2024, April 1, 2025, April 1, 2026, April 1, 2027, April 1, 2028; and 5,000 shares vesting on April 1, 2029. No more than 10% of such shares vested may be sold in any one year. Notwithstanding, the preceding provisions, restrictions on sale of all vested shares shall be released, once the grantee reaches age 72.