SEC Form 4 · accession 0001209191-15-057255
PRGX GLOBAL, INC. · PRGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tushar K. Sachdev
Officer — SVP Global Shared Services/CIO
Period of report
Jun 27, 2015
Accepted (ET)
Jun 29, 2015 · 7:04 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 | Jun 27, 2015 | M | 10,000 | $0.00 | A | 26,084 | D | |
| Common StockF2 | Jun 27, 2015 | F | 3,309 | $4.16 | D | 22,775 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F3 | $0.00 | Jun 27, 2015 | M | 10,000 | D | — | — | Common Stock | 10,000 | 20,000 | D |
Explanation of responses
- F1Each restricted stock unit represents the right to receive, on vesting, one share of common stock.
- F2Surrender of stock upon vesting of restricted stock units to satisfy tax withholding obligations.
- F3Restricted stock unit award vests in three equal installments on each of June 27, 2015, 2016 and 2017. One-third vested on June 27, 2015 and one-third will vest on each of June 27, 2016 and 2017.