Form 4 for CNXN PC CONNECTION INC
Accepted 2023-11-22 00:00:00 ET · period of report 2023-11-20 · accession 0001562180-23-007891 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-11-22 | 2023-11-20+ | CNXN | MCGRATH TIMOTHY J | Pres, CEO | S - Sale+OE | $60.95 | -22.7K | 271.6K | -8% | -$1.38M |
| D | 2023-11-22 | 2023-11-21 | CNXN | MCGRATH TIMOTHY J | Pres, CEO | F - Tax | $61.11 | -3,935 | 277.7K | -1% | -$240.5K |
| D | 2023-11-22 | 2023-11-21 | CNXN | MCGRATH TIMOTHY J | Pres, CEO | M - OptEx | $0.00 | +10.0K | 281.6K | +4% | $0 |
| D | 2023-11-22 | 2023-11-21 | CNXN | MCGRATH TIMOTHY J | Pres, CEO | M - OptEx | $0.00 | -10.0K | 30.0K | -25% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-11-20 | S | D | 12,104 | $60.63 | 282,176 | D | — | — | (F1) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.20 to $61.00 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. |
| 2 | Common | Common Stock | 2023-11-21 | S | D | 10,590 | $61.31 | 271,586 | D | — | — | (F2) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.58 per share, inclusive. The reporting person undertakes to provide PC Connection, Inc., any security holder of PC Connection, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. |
| 3 | Common | Common Stock | 2023-11-21 | F | D | 3,935 | $61.11 | 277,651 | D | — | — | |
| 4 | Common | Common Stock | 2023-11-21 | M | A | 10,000 | $0.00 | 281,586 | D | — | — | (F3) The restricted stock units convert into common stock on a one-for-one basis. |
| 5 | Derivative | Restricted Stock Units | 2023-11-21 | M | D | 10,000 | $0.00 | 30,000 | D | — · — to — | 10,000 Common Stock | (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 2020 Stock Incentive Plan on November 21, 2022. 10,000 of the shares vested on November 21, 2023, and the remaining shares are scheduled to vest as follows: 10,000 shares annually on November 21, 2024 through November 21, 2026. |