4//SEC Filing
PRG SCHULTZ INTERNATIONAL INC 4
Accession 0001209191-07-008088
CIK 0001007330operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 6:58 PM ET
Size
20.8 KB
Accession
0001209191-07-008088
Insider Transaction Report
Form 4
Parkcentral Capital Management, L.P.
10% Owner
Transactions
- Sale
10.0% Senior Convertible Notes due 2011
2007-02-05$256000.00/sh(indirect: See Footnotes)Exercise: $6.50→ Common Stock (24,615 underlying)
BLASNIK STEVE
10% Owner
Transactions
- Sale
10.0% Senior Convertible Notes due 2011
2007-02-05$256000.00/sh(indirect: See Footnotes)Exercise: $6.50→ Common Stock (24,615 underlying)
Hill Air CO I LLC
10% Owner
Transactions
- Sale
10.0% Senior Convertible Notes due 2011
2007-02-05$256000.00/sh(indirect: See Footnotes)Exercise: $6.50→ Common Stock (24,615 underlying)
Parkcentral Global Hub Ltd
10% Owner
Transactions
- Sale
10.0% Senior Convertible Notes due 2011
2007-02-05$256000.00/sh(indirect: See Footnotes)Exercise: $6.50→ Common Stock (24,615 underlying)
PETRUS SECURITIES LP
10% Owner
Transactions
- Sale
10.0% Senior Convertible Notes due 2011
2007-02-05$256000.00/sh(indirect: See Footnotes)Exercise: $6.50→ Common Stock (24,615 underlying)
Footnotes (7)
- [F1]This statement is filed by and on behalf of Parkcentral Global Hub Limited ("Global Hub"), Parkcentral Capital Management, L.P. ("Capital Management"), Petrus Securities, L.P. ("Petrus"), Hill Air Company I, LLC ("Hill Air"), and Steven Blasnik. Capital Management serves as an investment adviser and/or manager to other persons, including Global Hub. Capital Management may be deemed to beneficially own (a) 10.0% Senior Convertible Notes Due 2011 of the issuer ("Senior Notes"), (b) 9.0% Senior Series A Convertible Participating Preferred Stock of the issuer ("Series A Preferred Stock"), and (c) shares of Common Stock, no par value per share, of the issuer ("Common Stock") owned and/or held by and/or for the account and/or benefit of other persons, including Global Hub. Hill Air is denominated as a general partner of Petrus.
- [F2]Hill Air may be deemed to beneficially own Senior Notes and shares of Series A Preferred Stock and Common Stock owned and/or held by and/or for the account and/or benefit of Petrus. Steven Blasnik is the President of each of Capital Management and Hill Air. Steven Blasnik may be deemed to beneficially own Senior Notes and shares of Series A Preferred Stock and Common Stock owned and/or held by and/or for the account and/or benefit of each of Capital Management and Hill Air.
- [F3]Each of the reporting persons states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities covered by this statement. Each of the reporting persons disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
- [F4]Each of the reporting persons may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
- [F5]On February 5, 2007, Global Hub and Petrus sold $135,000 and $25,000, respectively, in aggregate principal amount of the Senior Notes. The Senior Notes are convertible at the option of the holder at any time prior to maturity into shares of Common Stock at the then-effective conversion price for the Senior Notes, subject to the anti-dilution and other adjustments described in the Senior Notes. As of February 5, 2007, the effective conversion price for the Senior Notes was $6.50 per share of Common Stock, subject to the anti-dilution and other adjustments described in the Senior Notes.
- [F6]Includes (a) 20,769 shares of Common Stock beneficially owned and/or held by or for the account or benefit of Parkcentral Global and (b) 3,846 shares of Common Stock beneficially owned and/or held by or for the account or benefit of Petrus.
- [F7]Includes (a) $7,512,334 in aggregate principal amount of the Senior Notes beneficially owned and/or held by or for the account or benefit of Parkcentral Global and (b) $1,489,559 in aggregate principal amount of the Senior Notes beneficially owned and/or held by or for the account or benefit of Petrus.
Issuer
PRG SCHULTZ INTERNATIONAL INC
CIK 0001007330
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0001007330
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 6:58 PM ET
- Size
- 20.8 KB