Stewart Ronald E. 4
4 · PRGX GLOBAL, INC. · Filed Jul 3, 2018
Insider Transaction Report
Form 4
Stewart Ronald E.
Director
Transactions
- Disposition to Issuer
Common Stock
2018-06-30$9.70/sh−200,000$1,940,000→ 314,226 total - Exercise/Conversion
Common Stock
2018-06-30$4.71/sh+200,000$942,000→ 514,226 total - Exercise/Conversion
Cash-Settled Stock Appreciation Right
2018-06-30−200,000→ 0 totalExercise: $4.71From: 2018-06-30Exp: 2018-06-30→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]The Stock Appreciation Rights ("SARs") became vested and payable as of June 30, 2018. In accordance with the rules for filing Form 4, the settlement of cash-settled SARs is treated as the simultaneous purchase of the number of shares of common stock the SARs represent and the sale of the same number of shares of common stock. Upon vesting, the SARs were only payable in cash and the reporting person did not receive any shares.
- [F2]Includes 23,334 shares of restricted stock that vest in two approximately equal installments on each of March 30, 2019 and 2020.
- [F3]Represents the closing price of the Company's common stock on June 29, 2018, the last trading day before June 30, 2018, which was a Saturday.
- [F4]The SARs were only payable in cash and the reporting person did not receive any common shares.