4//SEC Filing
Stewart Ronald E. 4
Accession 0001209191-21-017614
CIK 0001007330other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 10:01 AM ET
Size
13.2 KB
Accession
0001209191-21-017614
Insider Transaction Report
Form 4
Stewart Ronald E.
Director
Transactions
- Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−491,317$3,788,054→ 30,000 total - Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−30,000$231,300→ 0 total - Disposition to Issuer
Performance-based Restricted Stock Unit
2021-03-03−105,000→ 0 total→ Common Stock, no par value (105,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-03-03$0.36/sh−500,000$180,000→ 0 totalExercise: $7.35Exp: 2022-10-24→ Common Stock, no par value (500,000 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger dated as of December 24, 2020 (the "Merger Agreement"), by and among PRGX Global, Inc., a Georgia Corporation (the "Company"), Pluto Acquisitionco Inc., a Delaware corporation ("Parent"), and Pluto Merger Sub Inc., a Georgia corporation and wholly owned subsidiary of Parent ("Merger Sub").
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Company restricted stock award subject to time-vesting restrictions, whether vested or unvested, was cancelled and converted into the right to receive a cash payment, without interest, equal to (i) $7.71 multiplied by (ii) the total number of shares of Company restricted stock subject to such award, less any required withholding taxes.
- [F3]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Company restricted stock unit award subject to performance-based vesting restrictions (each, a "Company PBU"), whether vested or unvested, was cancelled and converted into the right to receive a cash payment, without interest, equal to (i) $7.71 multiplied by (ii) the total number of shares of Company common stock subject to such Company PBU (provided the number of shares of Company common stock subject to a Company PBU will be deemed to be the number of shares eligible to vest assuming target performance of such Company PBU), less any required withholding taxes.
- [F4]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding option to purchase Company common stock (each, a "Company Stock Option"), whether vested or unvested, was cancelled and converted into the right to receive a cash payment, without interest, equal to (i) $7.71, less the exercise price per share attributable to such Company Stock Option multiplied by (ii) the total number of shares of Company common stock then issuable upon exercise in full of such Company Stock Options, less any required withholding taxes.
Documents
Issuer
PRGX GLOBAL, INC.
CIK 0001007330
Entity typeother
Related Parties
1- filerCIK 0001561846
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 10:01 AM ET
- Size
- 13.2 KB