4 1 edgar.txt FORM 4 - 08/27/2002 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person GREIMANN, GARTH H. One Boston Place Suite 3300 Boston, MA 02108-4401 USA 2. Issuer Name and Ticker or Trading Symbol PRG-SCHULTZ INTERNATIONAL, INC. PRGX 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 08/27/2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) Director 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person

___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock |8-27-0|P | |4,338,507 |A |$8.72 |4,338,507 |I |(1) | |2 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock | | | | | | |11,491 |D | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| ~~Stock Option~~ |~~$9.28~~ |~~1-24-|A~~ |~~V|10,000~~ |A |~~Immed|1-24-|Common~~ ~~Stock~~|~~10,000~~ |~~N/A~~ |~~10,000~~ |D | | | |02 | | ~~| | |. |07 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | |~~ ___________________________________________________________________________________________________________________________________|

Explanation of Responses: (1) On August 16, 2002, Berkshire Fund V, Limited Partnership and Berkshire Investors LLC entered into an agreement to acquire 4,141,301 shares of common stock and 197,206 shares of common stock, respectively, in a private transaction. This transaction closed on August 27, 2002. Mr. Greimann is a managing member of Fifth Berkshire Associates, LLC, the general partner of Berkshire Fund V, Limited Partnership. Mr. Greimann is a managing member of Berkshire Investors LLC. Mr. Greimann disclaims beneficial ownership of the shares of common stock except to the extent of his pecuniary interest and the filing of this report shall not be deemed an admission that Mr. Greimann is the beneficial owner of the common stock covered by this report. SIGNATURE OF REPORTING PERSON /s/ Garth H. Greimann DATE August 29, 2002

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