COSTELLO KEVIN 4
4 · PRGX GLOBAL, INC. · Filed Mar 4, 2021
Insider Transaction Report
Form 4
COSTELLO KEVIN
Director
Transactions
- Disposition to Issuer
Common Stock, no par value
2021-03-03$7.71/sh−41,079$316,719→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2021-03-03$1.46/sh−35,000$51,100→ 0 totalExercise: $6.25Exp: 2024-03-26→ Common Stock, no par value (35,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-03-03$1.36/sh−13,636$18,545→ 0 totalExercise: $6.35Exp: 2024-06-25→ Common Stock, no par value (13,636 underlying) - Disposition to Issuer
Stock Option (right to buy)
2021-03-03$1.46/sh−8,750$12,775→ 0 totalExercise: $6.25Exp: 2024-03-26→ Common Stock, no par value (8,750 underlying)
Footnotes (2)
- [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 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.