SEC Form 4 · accession 0001209191-17-030346
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
May 3, 2017
Accepted (ET)
May 5, 2017 · 4:30 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 | May 3, 2017 | M | 1,042 | $3.96 | A | 34,494 | D | |
| Common StockF2,F1 | May 3, 2017 | S | 1,042 | $6.3424 | D | 33,452 | 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 | $3.96 | May 3, 2017 | M | 1,042 | D | — | Jun 22, 2017 | Common Stock | 1,042 | 0 | D |
Explanation of responses
- F1Includes 17,000 shares of restricted stock that vest in three equal installments on each of March 30, 2018, 2019 and 2020.
- F2The sale price indicated is a weighted average selling price. The corresponding shares were sold in multiple transactions at prices ranging from $6.30 to $6.40, 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 exercise reported on this Form 4 represents an exercise of a stock option granted on June 23, 2010, which vested 1/3 on June 23, 2011, 1/3 on June 23, 2012, and 1/3 on June 23, 2013.