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PC CONNECTION INC — Director's Dealing 2024
May 11, 2024
31881_dirs_2024-05-10_3b92a088-5677-421a-a11a-dc5436cb9d20.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: 2024-05-08
Reporting Person: GALLUP PATRICIA (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-08 | Common Stock | G | 621307.00 | $0.00 | Disposed | 0.00 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6443595.00 | Direct |
| Common Stock | 162093.00 | Indirect |
| Common Stock | 15133.00 | Indirect |
| Common Stock | 6879962.00 | Indirect |
| Common Stock | 275000.00 | Indirect |
Footnotes
F1: Pursuant to the terms of the trust agreement establishing the Comack Trust, the Comack Trust distributed 1,838,745 shares of the Issuer's common stock as annuity payment to Ms. Gallup on May 8, 2024 for no consideration.
F2: These shares were previously held directly by the Comack Trust, a grantor retained annuity trust formed under the laws of the State of New Hampshire. Patricia Gallup was the sole trustee and sole annuitant of the Comack Trust. On May 8, 2024, the Comack Trust distributed the remaining 621,307 shares of the Issuer's common stock held by it to a spillover trust for no consideration after which the Comack Trust expired pursuant to its terms.
F3: These shares are held directly by the Estate of David McLellan Hall (the Estate), for which the reporting person serves as executor. The reporting person is also the beneficiary of trusts which will receive the shares held by the Estate.
F4: The reporting person disclaims beneficial ownership of these securities, except to the extent of such person's pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F5: These shares are held directly by the David Hall Trust 2003, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee and is the sole beneficiary of the shares held by the David Hall Trust 2003.
F6: These shares are held directly by the North Branch Trust, an irrevocable trust formed under the laws of the State of New Hampshire. Ms. Gallup serves as the sole trustee of the North Branch Trust.