SEC Form 4 · accession 0001209191-16-107631
PRGX GLOBAL, INC. · PRGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Cochrane
Officer — SVP, Global Client Operations
Period of report
Mar 8, 2016
Accepted (ET)
Mar 10, 2016 · 4:56 pm EST
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 | Mar 8, 2016 | M | 7,213 | $2.82 | A | 96,449 | D | |
| Common StockF2,F1 | Mar 8, 2016 | S | 7,213 | $4.3521 | D | 89,236 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $2.82 | Mar 8, 2016 | M | 7,213 | D | — | May 25, 2016 | Common Stock | 7,213 | 0 | D |
Explanation of responses
- F1Includes the following shares of restricted stock: (i) 8,125 shares that vest on June 17, 2016; and (ii) 26,667 shares that vest in two equal installments on each of June 27, 2016 and 2017.
- F2The sale price indicated is a weighted average selling price. The corresponding shares were sold in multiple transactions at prices ranging from $4.30 to $4.43, inclusive. The reporting person undertakes to provide to PRGX Global, Inc., any security holder of PRGX Global, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth herein.
- F3The option exercises reported on this Form 4 represents an exercise of the option grant made on May 26, 2009, which vested 1/3 on May 26, 2010, 1/3 on May 26, 2011, and 1/3 on May 26, 2012.