SEC Form 4 · accession 0001209191-18-032538
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
May 21, 2018
Accepted (ET)
May 23, 2018 · 2:48 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 21, 2018 | M | 8,750 | $7.41 | A | 128,499 | D | |
| Common StockF2,F1 | May 21, 2018 | S | 8,750 | $9.4379 | D | 119,749 | 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 | $7.41 | May 21, 2018 | M | 8,750 | D | — | May 22, 2018 | Common Stock | 8,750 | 0 | D |
Explanation of responses
- F1Includes 13,334 shares of restricted stock that vest in approximately two equal installments on each of March 30, 2019 and 2020.
- F2The purchase price indicated is a weighted average purchase price. The corresponding shares were bought in multiple transactions at prices ranging from $9.25 to $9.55, 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 the exercise of a stock option granted on May 23, 2011, one-third of which vested on each of May 23, 2012, 2013 and 2014.