SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Genstar Capital III, L.P.

(Last) (First) (Middle)
C/O GENSTAR CAPITAL, L.P.
4 EMBARCADERO CENTER, SUITE 1900

(Street)
SAN FRANCISCO CA 94111

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PRA International [ PRAI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
See Footnotes 1, 2, 3, 4
3. Date of Earliest Transaction (Month/Day/Year)
11/23/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/23/2004 S 1,603,828 D $19 8,599,620 I By Genstar Capital Partners III, L.P.(1)(2)(3)(4)
Common Stock 11/23/2004 S 57,598 D $19 308,838 I By Stargen III, L.P.(1)(2)(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
1. Name and Address of Reporting Person*
Genstar Capital III, L.P.

(Last) (First) (Middle)
C/O GENSTAR CAPITAL, L.P.
4 EMBARCADERO CENTER, SUITE 1900

(Street)
SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See Footnotes 1, 2, 3, 4
1. Name and Address of Reporting Person*
Stargen III, L.P.

(Last) (First) (Middle)
C/O GENSTAR CAPITAL, L.P.
4 EMBARCADERO CENTER, SUITE 1900

(Street)
SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Genstar Capital Partners III, L.P.

(Last) (First) (Middle)
C/O GENSTAR CAPITAL, L.P.
4 EMBARCADERO CENTER, SUITE 1900

(Street)
SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
CONTE JEAN PIERRE

(Last) (First) (Middle)
C/O GENSTAR CAPITAL, L.P.
4 EMBARCADERO CENTER, SUITE 1900

(Street)
SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WELTMAN ROBERT J

(Last) (First) (Middle)
C/O GENSTAR CAPITAL, L.P.
4 EMBARCADERO CENTER, SUITE 1900

(Street)
SAN FRANCISCO CA 94111

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Genstar Capital III, L.P. is the sole general partner of each of Genstar Capital Partners III, L.P. and Stargen III, L.P. Jean-Pierre Conte, Richard Hoskins and Richard Paterson are the managing members of Genstar III GP LLC, which is the sole general partner of Genstar Capital III, L.P. In such capacities, Messrs. Conte, Hoskins and Paterson may be deemed to beneficially own shares of Common Stock beneficially held by Genstar Capital Partners III, L.P. and Stargen III, L.P., but disclaim such beneficial ownership, except to the extent of their economic interest therein.
2. Robert J. Weltman does not have power to vote or dispose of, or to direct the voting or disposition of, any securities beneficially owned by Genstar Capital III, L.P. Mr. Weltman disclaims that he beneficially owns any shares of Common Stock beneficially owned by Genstar Capital Partners III, L.P. or Stargen III, L.P., except to the extent of his economic interest therein.
3. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, any Reporting Person is the beneficial owner of any equity securities covered by this statement owned by any other Reporting person, except to the extent of his or its economic interest therein.
4. Mr. Conte and Mr. Weltman are directors of PRA International.
Remarks:
Genstar Capital III, L.P. by Genstar III GP LLC, its general partner, by Jean-Pierre L. Conte, its managing director /s/ Jean-Pierre L. Conte 11/23/2004
Stargen III, L.P., by Genstar Capital III, L.P., its general partner, by Genstar III GP LLC, its general partner, by Jean-Pierre L. Conte, its managing director-/s/ Jean-Pierre L. Conte 11/23/2004
Genstar Capital Partners III L.P., by Genstar Capital III, L.P., its general partner, by Genstar III GP LLC, its general partner, by Jean-Pierre L. Conte, its managing director-/s/ Jean-Pierre L. Conte 11/23/2004
/s/ Jean-Pierre L. Conte, Individually 11/23/2004
/s/ Robert J. Weltman, Individually 11/23/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.