ALLUMS VICTOR A 4
4 · PRGX GLOBAL, INC. · Filed Mar 4, 2021
Insider Transaction Report
Form 4
ALLUMS VICTOR A
SVP & General Counsel
Transactions
- Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−124,199$957,574→ 24,613 total - Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−6,667$51,403→ 13,334 total - Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−13,334$102,805→ 0 total - Disposition to Issuer
Performance-based Restricted Stock Unit
2021-03-03−10,000→ 0 total→ Common Stock, no par value (10,000 underlying) - Disposition to Issuer
Performance-based Restricted Stock Unit
2021-03-03−24,500→ 0 total→ Common Stock, no par value (24,500 underlying) - Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−4,612$35,559→ 20,001 total
Footnotes (3)
- [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.