4//SEC Filing
Abkemeier Kurt 4
Accession 0001209191-21-017619
CIK 0001007330other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 10:04 AM ET
Size
20.4 KB
Accession
0001209191-21-017619
Insider Transaction Report
Form 4
Abkemeier Kurt
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−40,496$312,224→ 87,335 total - Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−10,668$82,250→ 76,667 total - Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−60,000$462,600→ 16,667 total - Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−16,667$128,503→ 0 total - Disposition to Issuer
Performance-based Restricted Stock Unit
2021-03-03−110,000→ 0 total→ Common Stock, no par value (110,000 underlying) - Disposition to Issuer
Performance-based Restricted Stock Unit
2021-03-03−24,000→ 0 total→ Common Stock, no par value (24,000 underlying) - Disposition to Issuer
Performance-based Restricted Stock Unit
2021-03-03−79,500→ 0 total→ Common Stock, no par value (79,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-03-03−100,000→ 0 totalExercise: $8.96Exp: 2026-01-02→ Common Stock, no par value (100,000 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]These stock options were cancelled at the effective time of the Merger in exchange for no consideration because the exercise price of such options was equal to or greater than $7.71 (the per share merger consideration).
Documents
Issuer
PRGX GLOBAL, INC.
CIK 0001007330
Entity typeother
Related Parties
1- filerCIK 0001334575
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 10:04 AM ET
- Size
- 20.4 KB