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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001209191-09-023853.txt : 20090501
<SEC-HEADER>0001209191-09-023853.hdr.sgml : 20090501
<ACCEPTANCE-DATETIME>20090501183601
ACCESSION NUMBER:		0001209191-09-023853
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090430
FILED AS OF DATE:		20090501
DATE AS OF CHANGE:		20090501

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Schroeder P David
		CENTRAL INDEX KEY:			0001386784

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28000
		FILM NUMBER:		09790865

	MAIL ADDRESS:	
		STREET 1:		1725 CARLINGTON COURT
		CITY:			GRAYSON
		STATE:			GA
		ZIP:			30017

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRG-SCHULTZ INTERNATIONAL, INC.
		CENTRAL INDEX KEY:			0001007330
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700]
		IRS NUMBER:				582213805
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		600 GALLERIA PARKWAY
		STREET 2:		STE 100
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30339-5949
		BUSINESS PHONE:		7707796610

	MAIL ADDRESS:	
		STREET 1:		600 GALLERIA PARKWAY
		STREET 2:		STE 100
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30339-5949

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRG SCHULTZ INTERNATIONAL INC
		DATE OF NAME CHANGE:	20020125

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PROFIT RECOVERY GROUP INTERNATIONAL INC
		DATE OF NAME CHANGE:	19960207
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c84698_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-04-30</periodOfReport>

    <issuer>
        <issuerCik>0001007330</issuerCik>
        <issuerName>PRG-SCHULTZ INTERNATIONAL, INC.</issuerName>
        <issuerTradingSymbol>PRGX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001386784</rptOwnerCik>
            <rptOwnerName>Schroeder P David</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>600 GALLERIA PARKWAY, SUITE 100</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30339</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP &amp; CIO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-04-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>14764</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>31875</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Performance Unit</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.00</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-04-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>24607</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>24607</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>24607</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 17,111 shares of restricted stock, of which 4,889 shares will vest in three equal installments on each of September 17, 2009, 2010 and 2011. Vesting of the remaining 12,222  shares is subject to PRG-Schultz International, Inc. meeting a cumulative Adjusted EBITDA target for the three-year period ending December 31, 2011.</footnote>
        <footnote id="F2">Each Performance Unit entitles the holder to the value of one common share. The Units are payable 60% in common stock and 40% in cash. The Units vest in four equal installments on each of January 10, 2008, 2009, 2010, and 2011.  50% of the Performance Units were paid on April 30, 2009, and 25% will become payable on each of April 30, 2010, and April 30, 2011. The Units are subject to adjustment for stock splits and similar events.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Victor A. Allums, as Attorney-in-Fact for David P. Schroeder</signatureName>
        <signatureDate>2009-05-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----