-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LM98rjgKzeno6ggzIMZRBZsnkaQxa9C89GIhZkAcmjr2JFc28QOmpU4/1jHRdA5A VGHGO4Ujen2Uv334PJYR6w== 0001213389-05-000003.txt : 20050802 0001213389-05-000003.hdr.sgml : 20050802 20050802172536 ACCESSION NUMBER: 0001213389-05-000003 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050729 FILED AS OF DATE: 20050802 DATE AS OF CHANGE: 20050802 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: 7707793311 MAIL ADDRESS: STREET 1: 600 GALLERIA PARKWAY STREET 2: STE 100 CITY: ATLANTA STATE: GA ZIP: 30339-5949 FORMER COMPANY: FORMER CONFORMED NAME: PROFIT RECOVERY GROUP INTERNATIONAL INC DATE OF NAME CHANGE: 19960207 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COLE DAVID A CENTRAL INDEX KEY: 0001213389 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-28000 FILM NUMBER: 05993002 BUSINESS ADDRESS: STREET 1: C/O AMB PROPERTY CORP STREET 2: PIER 1 BAY 1 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: 4153949000 4/A 1 edgar.xml PRIMARY DOCUMENT X0202 4/A 2005-07-29 2005-08-02 0001007330 PRG SCHULTZ INTERNATIONAL INC PRGX 0001213389 COLE DAVID A 1355 PEACHTREE STREET NE, SUITE 900 ATLANTA GA 30309 1 0 0 0 Non-qualified Stock Option (Right to Buy) 3.16 2005-07-29 4 A 0 450000 0 A 2012-07-29 Common Stock 450000 450000 D See Remarks below for vesting schedule Perfomance criteria in vesting schedule below was amended to reflect correct $8.00 ("Target C") per share price for Tier 3 performance options. One of two tranches of the option, representing the right to purchase 150,000 shares, will time vest and become exercisable on the earlier of the 2006 annual meeting of shareholders and June 30, 2006. The second tranche representing the right to purchase 300,000 shares will be subject to specific performance criteria as follows: Tier 1, representing the right to purchase 100,000 shares will become exercisable at any time after the earlier of the 2006 annual meeting of the shareholders or June 30, 2006 (the "2006 Vesting Date") if the closing market price per share of the Company's Common Stock is $4.50 ("Target A") or higher for 45 consecutive trading days after the 2006 Vesting Date. Tier 2, representing the right to purchase an additional 100,000 shares, will become exercisable at any time after the earlier of the 2006 Vesting Date, if the closing market price per share of the Company's Common Stock is $6.50 ("Target B") or higher for 45 consecutive trading da ys after the 2006 Vesting Date. In addition, on the 2007 Vesting Date, as defined below, if Target B has not been attained for 45 consecutive trading days, but the Company's Common Stock has exceeded Target A for 45 consecutive trading days, a prorated portion of Tier 2 will become exercisable. Tier 3, representing the right to purchase an additional 100,000 shares, will become exercisable at any time after the earlier of the 2007 annual meeting of shareholders or June 30, 2007 (the "2007 Vesting Date"), if the closing market price per share of the Company's Common Stock is $8.00 ("Target C") or higher for 45 consecutive trading days after the 2007 Vesting Date. On the 2007 Vesting Date, if Target C has not been attained for 45 consecutive trading days, but the Company's Common Stock has exceeded Target B for 45 consecutive trading days, a prorated portion of Tier 3 will become exercisable. /s/ By Clinton McKellar, Jr. by Power of Attorney 2005-08-02 -----END PRIVACY-ENHANCED MESSAGE-----