0001209191-19-057135.txt : 20191119
0001209191-19-057135.hdr.sgml : 20191119
20191119161219
ACCESSION NUMBER: 0001209191-19-057135
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: Walsh Simone C
CENTRAL INDEX KEY: 0001774408
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-28000
FILM NUMBER: 191231298
MAIL ADDRESS:
STREET 1: 600 GALLERIA PARKWAY, SUITE 100
CITY: ATLANTA
STATE: GA
ZIP: 30339
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
0001774408
Walsh Simone C
600 GALLERIA PARKWAY
SUITE 100
ATLANTA
GA
30339
0
1
0
0
Controller
Common Stock
2019-11-15
4
A
0
15000
0.00
A
19769
D
Performance-Based Restricted Stock Unit
2019-11-15
4
A
0
10000
0.00
A
Common Stock
10000
10000
D
Grant of restricted stock that vests in three equal installments on each of November 15, 2020, 2021 and 2022.
Includes (i) 3,534 shares of restricted stock that vest in two equal installments on each of May 29, 2020 and 2021 and (ii) 15,000 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 Simone C. Walsh
2019-11-19