UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
SCHULTZ, ANDREW H.
9241 LBJ Freeway, Suite 100
Dallas, TX 75243
USA
2. Issuer Name and Ticker or Trading Symbol
PRG-SCHULTZ INTERNATIONAL, INC.
PRGX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
08/27/2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President
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 Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |08/27/|S | |4,483,218(1) |D |$8.72 |500,000(2) |D | |
|02 | | | | | | | | |
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Common Stock |08/27/|S | |1,269,638(3) |D |$8.72 | | | |
|02 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
Effective August 27, 2002, Mr. Schultz resigned as a
Director.
(1) Includes 1,299,414 shares sold by Mr. Schultz to two parties in a private
transaction, 3,170,002 shares sold to two parties in a private transaction
by a trust of which Mr. Schultz is the trustee and benificiary, 6,901 shares
sold to two parties in a private transaction by a trust of which Mr. Schultz
is the trustee and beneficiary, and 6,901 shares sold to two parties in a
private transaction by a trust of which Mr. Schultz is the trustee and
beneficiary.
(2) These shares are held by a trust of which Mr. Schultz is the trustee and
beneficiary.
(3) Includes 634,819 shares that were sold to two parties in a private
transaction by a trust of which Mr. Schultz serves as a co-trustee and 634,819
shares sold to four parties in a private transaction by a trust of which Mr.
Schultz serves as co-trustee.
SIGNATURE OF REPORTING PERSON
/s/ Andrew H. Schultz
DATE
September 10, 2002