Thomas C. Baker - 17 Dec 2022 Form 4 Insider Report for PC CONNECTION INC (CNXN)

Role
Sr. VP, CFO & Treasurer
Signature
/s/ Thomas C. Baker
Issuer symbol
CNXN
Transactions as of
17 Dec 2022
Net transactions value
-$95,291
Form type
4
Filing time
19 Dec 2022, 15:02:31 UTC
Previous filing
23 Nov 2022
Next filing
27 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNXN Common Stock Options Exercise $0 +5,000 +22% $0.000000 27,628 17 Dec 2022 Direct F1
transaction CNXN Common Stock Tax liability $95,291 -1,968 -7.1% $48.42 25,660 17 Dec 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CNXN Restricted Stock Units Options Exercise $0 -5,000 -25% $0.000000 15,000 17 Dec 2022 Common Stock 5,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units convert into common stock on a one-for-one basis.
F2 The restricted stock units were granted under the PC Connection, Inc. Amended and Restated 2020 Stock Incentive Plan on December 17, 2021; 5,000 of the shares vested on December 17, 2022, and the remaining shares are scheduled to vest as follows: 5,000 shares annually on December 17, 2023 through December 17, 2025. The restricted stock units have an expiration date of December 16, 2031.