SEC Form 4 · accession 0000899243-17-017404
PRGX GLOBAL, INC. · PRGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew A Drapkin
Director
Period of report
Jun 26, 2017
Accepted (ET)
Jun 28, 2017 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001007330
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3 | Jun 26, 2017 | A | 7,480 | $0.00 | A | 7,480 | D | |
| Common StockF1,F2 | holding | — | — | — | 1,507,806 | I | See Fn. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonqualified Stock OptionsF4 | $6.35 | Jun 26, 2017 | A | 13,636 | A | — | — | Common Stock | 13,636 | 13,636 | D |
Explanation of responses
- F1Represents shares of common stock, no par value (the "Common Stock"), of PRGX Global, Inc. directly beneficially owned by Northern Right Capital (QP), L.P. ("Northern Right").
- F2Mr. Drapkin may be deemed to beneficially own such Common Stock as he is a member of BC Advisors, LLC, which is the general partner of Northern Right Capital Management, L.P., and Northern Right Capital Management, L.P. is the general partner of, and investment manager for, Northern Right. Mr. Drapkin disclaims beneficial ownership in such Common Stock except to the extent of his pecuniary interest therein.
- F3Represents restricted shares of the Common Stock granted by the Issuer to Mr. Drapkin for his service as a director of the Issuer, which will vest in full on the earlier of June 26, 2018 and the date of the Issuer's 2018 annual meeting of shareholders.
- F4These Nonqualified Stock Options, granted by the Issuer to Mr. Drapkin for his service as a director of the Issuer, will vest in full on the earlier of June 26, 2018 and the date of the Issuer's 2018 annual meeting of shareholders, and will expire seven years from the date of vesting.