UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
SCHULTZ, HOWARD
9241 LBJ Freeway, Suite 100
Dallas, TX 75243
USA
2. Date of Event Requiring Statement (Month/Day/Year)
January 24, 2002
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
PRG-SCHULTZ INTERNATIONAL, INC.
PRGX
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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Common Stock (1) |4,450,452 |D | |
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|753 |I |By Spouse |
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|20,387 |I |By Trust |
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|20,387 |I |By Trust |
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|20,387 |I |By Trust |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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| | | | | | | |
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Explanation of Responses:
(1) All shares beneficially owned were acquired pursuant to the acquisition by
PRG-Schultz International, Inc. of the business of Howard Schultz & Associates
International, Inc., and affiliates, in a transaction exempt pursuant to Rule
16b-3.
SIGNATURE OF REPORTING PERSON
/s/ Howard Schultz, by Clinton McKellar, Jr., Gen. Counsel
Howard Schultz, by Clinton McKellar, Jr., Gen. Counsel
DATE
January 31, 2002
CONFIRMING STATEMENT
This Statement confirms that the undersigned has authorized and designated
the General Counsel or the Chief Financial Officer of PRG-Schultz International,
Inc. to execute and file on the undersigned's behalf all Forms 3, 4 and 5
(including any amendments thereto) that the undersigned may be required to file
with the U.S. Securities and Exchange Commission as a result of the
undersigned's ownership of or transactions in securities of PRG-Schultz
International, Inc. The authority of the General Counsel or the Chief Financial
Officer of PRG-Schultz International, Inc. under this Statement shall continue
until the undersigned is no longer required to file Forms 3, 4 and 5 with regard
to the undersigned's ownership of or transactions in securities of PRG-Schultz
International, Inc., unless earlier revoked in writing. The undersigned
acknowledges that the General Counsel or the Chief Financial Officer of
PRG-Schultz International, Inc. is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.
Dated as of January 24, 2002 /s/ Howard Schultz
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Howard Schultz
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