0001209191-19-002390.txt : 20190104
0001209191-19-002390.hdr.sgml : 20190104
20190104212208
ACCESSION NUMBER: 0001209191-19-002390
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190103
FILED AS OF DATE: 20190104
DATE AS OF CHANGE: 20190104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Abkemeier Kurt
CENTRAL INDEX KEY: 0001334575
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-28000
FILM NUMBER: 19512051
MAIL ADDRESS:
STREET 1: C/O PROGRESS SOFTWARE CORPORATION
STREET 2: 14 OAK PARK DRIVE
CITY: BEDFORD
STATE: MA
ZIP: 01730
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PRGX GLOBAL, 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: 20080327
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-01-03
0
0001007330
PRGX GLOBAL, INC.
PRGX
0001334575
Abkemeier Kurt
600 GALLERIA PARKWAY, SUITE 100
ATLANTA
GA
30339
0
1
0
0
Chief Financial Officer
Common Stock
2019-01-03
4
A
0
32000
0.00
A
32000
D
Performance-Based Restricted Stock Unit
2019-01-03
4
A
0
12000
0.00
A
Common Stock
12000
12000
D
Stock Option
8.96
2019-01-03
4
A
0
100000
0.00
A
2026-01-02
Common Stock
100000
100000
D
Grant of restricted stock that vests in three approximately equal installments on each of January 3, 2020, 2021 and 2022.
Includes 32,000 shares of restricted stock that vest in three approximately equal installments on each of January 3, 2020, 2021 and 2022.
Each Performance-Based Restricted Stock Unit ("Unit") corresponds to a share of common stock of the Company. If vested, 100% of the vested Units will be paid in whole shares of common stock. 50% of the Units vest and become payable based on the cumulative revenue from continuing operations, 35% of the Units vest and become payable on the cumulative adjusted EBITDA from continuing operations that the Company achieves and 15% of the Units vest and become payable on cumulative adjacent services revenue that the Company achieves, in each case, for the two-year performance period ending December 31, 2019. The Units will become payable, if at all, no later than 30 days after the Company's Compensation Committee determines the performance criteria achieved for the performance period (which determination cannot, in any event, be earlier than January 2020 or after April 2020).
At the threshold performance level, 35% of the Units will become vested and payable; at the target performance level, 100% of the Units will become vested and payable; and at the maximum performance level, 150% of the Units will become vested and payable. If performance falls between the stated performance levels the percentage of Units that shall become vested and payable will be based on a straight line interpolation between such stated performance levels (although the Units may not become vested and payable for more than 150% of the Units and no Units shall become vested and payable if performance does not equal or exceed the applicable threshold performance level).
Option vests in three approximately equal installments on each of January 3, 2020, 2021 and 2022.
/s/ Victor A. Allums, as Attorney-in-Fact for Kurt Abkemeier
2019-01-04