Statement of Changes in Beneficial Ownership (4)
05 3월 2021 - 12:05AM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Abkemeier Kurt |
2. Issuer Name and Ticker or Trading Symbol
PRGX GLOBAL, INC.
[
PRGX
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
600 GALLERIA PARKWAY, SUITE 100 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/3/2021 |
(Street)
ATLANTA, GA 30339
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, no par value | 3/3/2021 | | D(1) | | 40496 | D | $7.71 | 87335 | D | |
Common Stock, no par value | 3/3/2021 | | D(2) | | 10668 | D | $7.71 | 76667 | D | |
Common Stock, no par value | 3/3/2021 | | D(2) | | 60000 | D | $7.71 | 16667 | D | |
Common Stock, no par value | 3/3/2021 | | D(2) | | 16667 | D | $7.71 | 0 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance-based Restricted Stock Unit | (3) | 3/3/2021 | | D | | | 110000 | (3) | (3) | Common Stock, no par value | 110000 | (3) | 0 | D | |
Performance-based Restricted Stock Unit | (3) | 3/3/2021 | | D | | | 24000 | (3) | (3) | Common Stock, no par value | 24000 | (3) | 0 | D | |
Performance-based Restricted Stock Unit | (3) | 3/3/2021 | | D | | | 79500 | (3) | (3) | Common Stock, no par value | 79500 | (3) | 0 | D | |
Stock Option (right to buy) | $8.96 | 3/3/2021 | | D | | | 100000 | (4) | 1/2/2026 | Common Stock, no par value | 100000 | $0.00 (4) | 0 | D | |
Explanation of Responses: |
(1) | Disposed of pursuant to the Agreement and Plan of Merger dated as of December 24, 2020 (the "Merger Agreement"), by and among PRGX Global, Inc., a Georgia Corporation (the "Company"), Pluto Acquisitionco Inc., a Delaware corporation ("Parent"), and Pluto Merger Sub Inc., a Georgia corporation and wholly owned subsidiary of Parent ("Merger Sub"). |
(2) | Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Company restricted stock award subject to time-vesting restrictions, whether vested or unvested, was cancelled and converted into the right to receive a cash payment, without interest, equal to (i) $7.71 multiplied by (ii) the total number of shares of Company restricted stock subject to such award, less any required withholding taxes. |
(3) | Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Company restricted stock unit award subject to performance-based vesting restrictions (each, a "Company PBU"), whether vested or unvested, was cancelled and converted into the right to receive a cash payment, without interest, equal to (i) $7.71 multiplied by (ii) the total number of shares of Company common stock subject to such Company PBU (provided the number of shares of Company common stock subject to a Company PBU will be deemed to be the number of shares eligible to vest assuming target performance of such Company PBU), less any required withholding taxes. |
(4) | These stock options were cancelled at the effective time of the Merger in exchange for no consideration because the exercise price of such options was equal to or greater than $7.71 (the per share merger consideration). |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Abkemeier Kurt 600 GALLERIA PARKWAY, SUITE 100 ATLANTA, GA 30339 |
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| Chief Financial Officer |
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Signatures
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/s/ Victor A. Allums as Attorney-in-Fact for Kurt Abkemeier | | 3/4/2021 |
**Signature of Reporting Person | Date |
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