SEC Form 4 · accession 0001209191-18-041319
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
Jun 30, 2018
Accepted (ET)
Jul 3, 2018 · 6:57 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 StockF2 | Jun 30, 2018 | M | 200,000 | $4.71 | A | 514,226 | D | |
| Common StockF3,F2 | Jun 30, 2018 | D | 200,000 | $9.70 | D | 314,226 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash-Settled Stock Appreciation RightF4 | $4.71 | Jun 30, 2018 | M | 200,000 | D | Jun 30, 2018 | Jun 30, 2018 | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1The Stock Appreciation Rights ("SARs") became vested and payable as of June 30, 2018. In accordance with the rules for filing Form 4, the settlement of cash-settled SARs is treated as the simultaneous purchase of the number of shares of common stock the SARs represent and the sale of the same number of shares of common stock. Upon vesting, the SARs were only payable in cash and the reporting person did not receive any shares.
- F2Includes 23,334 shares of restricted stock that vest in two approximately equal installments on each of March 30, 2019 and 2020.
- F3Represents the closing price of the Company's common stock on June 29, 2018, the last trading day before June 30, 2018, which was a Saturday.
- F4The SARs were only payable in cash and the reporting person did not receive any common shares.