SEC Form 4 · accession 0001209191-17-061593
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
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 6:05 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 | Nov 15, 2017 | M | 10,000 | $6.09 | A | 50,117 | D | |
| Common StockF2,F1 | Nov 15, 2017 | S | 10,000 | $7.0103 | D | 40,117 | 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 | $6.09 | Nov 15, 2017 | M | 10,000 | D | — | Feb 16, 2018 | Common Stock | 10,000 | 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 $6.95 to $7.15, inclusive. The reporting person undertakes to provide to PRGX Global, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the numbers 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 February 17, 2011, one-half of which vested on February 17, 2012 and the other one-half of which vested on February 17, 2013.