SEC Form 4 · accession 0001209191-16-116489
PRGX GLOBAL, INC. · PRGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald E. Stewart
Officer — President & CEO · Director
Period of report
Apr 27, 2016
Accepted (ET)
Apr 29, 2016 · 4:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001007330
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1,F2 | — | Apr 27, 2016 | A | 200,000 | A | Jun 30, 2018 | Jun 30, 2018 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Each Stock Appreciation Right ("SAR") represents the right to receive cash, upon vesting, in an amount equal to the excess of the (i) fair market value, as of June 30, 2018, of the share of the Company's common stock with respect to which such SAR relates over (ii) $4.71, the fair market value (closing price) of the Company's common stock on April 27, 2016.
- F2The SARs vest and become payable on June 30, 2018.