Statement of Changes in Beneficial Ownership (4)
June 19 2020 - 04:57PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Drapkin Matthew A |
2. Issuer Name and Ticker or Trading
Symbol PRGX GLOBAL, INC. [ PRGX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
NORTHERN RIGHT CAPITAL MANAGEMENT, L.P., 9 OLD KINGS
HIGHWAY, 4TH FLOOR |
3. Date of Earliest Transaction (MM/DD/YYYY)
6/17/2020
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(Street)
DARIEN, CT 06820
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Unit |
$0.00 (1) |
6/17/2020 |
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A |
|
30769 |
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(2) |
(2) |
Common Stock |
30769 |
$0.00 |
30769 |
D |
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Explanation of
Responses: |
(1) |
Each restricted stock unit
represents the right to receive, on vesting, one share of common
stock. |
(2) |
Grant of restricted stock
units that vest in full on the later of (i) June 17, 2021 or (ii)
the date of, and immediately prior to, the Company's 2021 annual
meeting of shareholders. Pursuant to an election made by the
Reporting Person under the PRGX Global, Inc. Deferred Compensation
Plan for Non-Employee Directors (the "Plan"), receipt of the common
stock will be deferred to a date subsequent to the vesting date.
Upon vesting, each restricted stock unit will be converted into a
Stock Unit under the Plan until the specified date, at which time
the Stock Units will be converted to common stock and delivered to
the Reporting Person. The Reporting Person has elected to defer
receipt of the common stock until the Reporting Person separates
from service as a Director of PRGX Global, Inc. |
Reporting
Owners
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Reporting Owner Name / Address |
Relationships
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Director |
10% Owner |
Officer |
Other |
Drapkin Matthew A
NORTHERN RIGHT CAPITAL MANAGEMENT, L.P.
9 OLD KINGS HIGHWAY, 4TH FLOOR
DARIEN, CT 06820 |
X |
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Signatures
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/s/ Victor A. Allums as Attorney-in-Fact for
Matthew A. Drapkin |
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6/19/2020 |
**Signature of Reporting
Person |
Date |