4//SEC Filing
ALLUMS VICTOR A 4
Accession 0001209191-19-057127
CIK 0001007330other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 4:10 PM ET
Size
9.4 KB
Accession
0001209191-19-057127
Insider Transaction Report
Form 4
ALLUMS VICTOR A
SVP & General Counsel
Transactions
- Award
Performance-Based Restricted Stock Unit
2019-11-15+10,000→ 10,000 total→ Common Stock (10,000 underlying) - Award
Common Stock
2019-11-15+10,000→ 128,812 total
Footnotes (4)
- [F1]Grant of restricted stock that vests in three approximately equal installments on each of November 15, 2020, 2021 and 2022.
- [F2]Includes (i) 5,668 shares of restricted stock that vest on March 30, 2020, (ii) 9,224 shares of restricted stock that vest in two equal installments on each of May 29, 2020 and 2021 and (iii) 10,000 shares of restricted stock that vest in three approximately equal installments on each of November 15, 2020, 2021 and 2022.
- [F3]Each Performance-Based Restricted Stock Unit ("Unit") corresponds to a share of common stock of the Company. If vested, 100% of the vested Units will be paid in whole shares of common stock. 35% of the Units vest and become payable based on the cumulative revenue from continuing operations and 65% of the Units vest and become payable based on the cumulative adjusted EBITDA from continuing operations that the Company achieves, in each case, for the two-year performance period ending December 31, 2020. The Units will become payable, if at all, no later than 30 days after the Company's Compensation Committee determines the performance criteria achieved for the performance period (which determination cannot, in any event, be earlier than January 2021 or after April 2021).
- [F4]At the threshold performance level, 60% of the Units will become vested and payable; at the target performance level, 100% of the Units will become vested and payable; and at the maximum performance level, 150% of the Units will become vested and payable. If performance falls between the stated performance levels the percentage of Units that shall become vested and payable will be based on a straight line interpolation between such stated performance levels (although the Units may not become vested and payable for more than 150% of the Units and no Units shall become vested and payable if performance does not equal or exceed the applicable threshold performance level).
Documents
Issuer
PRGX GLOBAL, INC.
CIK 0001007330
Entity typeother
Related Parties
1- filerCIK 0001353392
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 4:10 PM ET
- Size
- 9.4 KB