Cochrane Michael 4
4 · PRGX GLOBAL, INC. · Filed Mar 12, 2018
Insider Transaction Report
Form 4
Cochrane Michael
SVP, Global Client Operations
Transactions
- Exercise/Conversion
Performance-Based Restricted Stock Unit
2018-03-08−80,000→ 0 totalExercise: $0.00→ Common Stock (80,000 underlying) - Exercise/Conversion
Common Stock
2018-03-08+35,103→ 132,782 total - Tax Payment
Common Stock
2018-03-08$7.95/sh−11,010$87,530→ 121,772 total
Footnotes (3)
- [F1]Includes 20,000 shares of restricted stock that vest in three equal installments on each of March 30, 2018, 2019 and 2020.
- [F2]Surrender of stock upon vesting of Performance-Based Restricted Stock Units ("Units") to satisfy tax withholding obligations.
- [F3]Each Unit corresponds to one share of common stock of the Company. Units that vested and became payable were payable 43% in common stock and 57% in cash. The Units were payable upon the determination by the Company's Compensation Committee on March 8, 2018 of the financial performance achieved by the Company for the two-year period ended December 31, 2017.