0001209191-20-009797.txt : 20200214
0001209191-20-009797.hdr.sgml : 20200214
20200214183513
ACCESSION NUMBER: 0001209191-20-009797
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200213
FILED AS OF DATE: 20200214
DATE AS OF CHANGE: 20200214
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: 20622520
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
2020-02-13
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
2020-02-13
4
A
0
25000
0.00
A
143197
D
Performance-based restricted stock unit
2020-02-13
4
A
0
79500
0.00
A
Common Stock
79500
79500
D
Grant of restricted stock that vests in three approximately equal installments on each of February 13, 2021, 2022 and 2023.
Includes (i) 21,334 shares of restricted stock that vest in approximately two equal installments on each of January 3, 2021 and 2022, (ii) 90,000 shares of restricted stock that vest in three equal installments on each of November 15, 2020, 2021 and 2022 and (iii) 25,000 shares of restricted stock that vest in three approximately equal installments on each of February 13, 2021, 2022 and 2023.
Each Performance-Based Restricted Stock Unit ("Unit") corresponds to a share of common stock of the Company. 100% of the Units that vest and become payable will be paid in whole shares of common stock. 45% of the Units are eligible to vest based on the revenue and adjusted EBITDA that the Company achieves for 2020, and 55% of the Units (plus any of the 45% of the Units that are not earned for 2020) are eligible to vest based on the cumulative revenue and adjusted EBITDA that the Company achieves, in each case, for 2020 and 2021. 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 two-year performance period (which determination cannot, in any event, be earlier than January 2022 or after April 2022).
At the threshold performance level, 50% of the eligible Units will become vested and payable and at the target performance level, 100% of the eligible Units will become vested and payable. If performance falls between the stated performance levels the percentage of eligible Units that shall become vested and payable will be based on a straight line interpolation between such stated performance levels. No Units will 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
2020-02-14