McGrath Timothy J's Form 4 filing
PC Connection Inc (CNXN) · filed Nov 22, 2023
- Accession no.
- 0001562180-23-007891
- Filed
- Nov 22, 2023
- Trade date
- Nov 20-21, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.38M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| McGrath Timothy JCIK 0001188266 | Officer (President & CEO) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 20, 2023 | Common Stock | SSaleDisposed | −12,104 | $60.63F1 | −$733,865.52 | 282,176 | Direct | |
| Nov 21, 2023 | Common Stock | SSaleDisposed | −10,590 | $61.31F2 | −$649,272.9 | 271,586 | Direct | |
| Nov 21, 2023 | Common Stock | MOption exerciseAcquired | +10,000 | $0.00F3 | $0 | 281,586 | Direct | |
| Nov 21, 2023 | Common Stock | FTax withholdingDisposed | −3,935 | $61.11 | −$240,467.85 | 277,651 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 21, 2023 | Common Stock | MOption exerciseDisposed | −10,000 | $0.00 | $0 | 30,000 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- F3
The restricted stock units convert into common stock on a one-for-one basis.
Referenced by the price of 1 transaction in Table I.