SEC Form 4 · accession 0000899243-18-014277
PRGX GLOBAL, INC. · PRGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew A Drapkin
Director
Period of report
May 24, 2018
Accepted (ET)
May 29, 2018 · 5:01 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 StockF1,F2 | May 24, 2018 | P | 6,894 | $9.5987 | A | 1,787,007 | I | See Fn. |
| Common StockF1,F2 | May 25, 2018 | P | 12,711 | $9.5872 | A | 1,799,718 | I | See Fn. |
| Common StockF1,F2 | May 29, 2018 | P | 10,908 | $9.5912 | A | 1,810,626 | I | See Fn. |
| Common StockF3 | holding | — | — | — | 7,480 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock, no par value (the "Common Stock"), of PRGX Global, Inc. directly beneficially purchased by a separate managed account (the "Managed Account") and directly beneficially owned by the Managed Account (85,808 shares of Common Stock) or Northern Right Capital (QP), L.P. ("Northern Right") (1,724,818 shares of Common Stock).
- 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 investment manager for the Managed Account and 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.