0001209191-19-057117.txt : 20191119 0001209191-19-057117.hdr.sgml : 20191119 20191119160557 ACCESSION NUMBER: 0001209191-19-057117 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191115 FILED AS OF DATE: 20191119 DATE AS OF CHANGE: 20191119 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: 191231176 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 2019-11-15 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 2019-11-15 4 A 0 90000 0.00 A 122000 D Performance-Based Restricted Stock Unit 2019-11-15 4 A 0 110000 0.00 A Common Stock 110000 110000 D Performance-Based Restricted Stock Unit 2019-11-15 4 A 0 24000 0.00 A Common Stock 24000 24000 D Grant of restricted stock that vests in three equal installments on each of November 15, 2020, 2021 and 2022. Includes (i) 32,000 shares of restricted stock that vest in three approximately equal installments on each of January 3, 2020, 2021 and 2022 and (ii) 90,000 shares of restricted stock that vest in three equal installments on each of November 15, 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. 35% of the Units vest and become payable based on the cumulative revenue from continuing operations and 65% of the Units vest and become payable based on the cumulative adjusted EBITDA from continuing operations that the Company achieves, in each case, for the two-year performance period ending December 31, 2020. 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 2021 or after April 2021). At the threshold performance level, 60% 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). /s/ Victor A. Allums as Attorney-in-Fact for Kurt Abkemeier 2019-11-19