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 SCHULTZ, HOWARD 9241 LBJ Freeway, Suite 100 Dallas, TX 75243 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 (1) 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 |08/27/|S | |558,116(2) |D |$8.72 |3,892,336 |I |By Partnership | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |08/27/|S | |753(3) |D |$8.72 | | | | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Common Stock |08/27/|S | |61,161(4) |D |$8.72 | | | | |02 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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|250,000~~ |A |~~(1)~~ |~~1-24-|Common~~ ~~Stock~~|~~250,000|N/A~~ |~~250,000~~ |D | | | |02 | | ~~| | | |07 | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | |~~ ___________________________________________________________________________________________________________________________________|

Explanation of Responses: (1) Effective August 27, 2002, Mr. Schultz resigned as Chairman of the Board. (2) On August 22, 2002, Mr. Schultz transferred 4,450,452 shares to Schultz PRG Liquidating Investments, Ltd. (the "Partnership"), a partnership organized under the laws of Texas, for no consideration. Mr. Schultz is the limited partner of the Partnership and the sole owner of PRG Schultz Liquidating Investments GP, L.L.C., the Parternership's general partner. The Partnership sold 558,116 shares to two parties in a private transaction. (3) These shares were sold by Mr. Schultz's spouse to two parties in a private transaction. (4) These shares were sold to two parties in a private transaction by three trusts of which Mr. Schultz serves as trustee. SIGNATURE OF REPORTING PERSON /s/ Howard Schultz DATE September 10, 2002

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