SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
PRG-Schultz International, Inc.
(Name of Issuer)
Common Stock, no par value per share
----------------- -------------------------------------
(Title of Class of Securities)
69357C 10 7
(CUSIP Number)
B. Joseph Alley, Jr., Esq. Curtis Swinson, Esq.
Arnall Golden Gregory LLP Malouf Lynch Jackson & Swinson
2800 One Atlantic Center 600 Preston Common East
1201 West Peachtree Street 8115 Preston Road
Atlanta, Georgia 30309-3450 Dallas, Texas 75225-6342
---------------------------------------- -----------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 20, 2002
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7(b) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
============================================================================================================================
1 Name of Reporting Persons
I.R.S. Identification Nos. of Above Persons
Arthur N. Budge, Jr. (1)
----------------------------------------------------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) /X/
(b) /_/
----------------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
----------------------------------------------------------------------------------------------------------------------------
4 Source of Funds
00
----------------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) /_/
----------------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
----------------------------------------------------------------------------------------------------------------------------
7 Sole Voting Power
133,295(2)
NUMBER OF SHARES
---------- -------------------------------------------------------------------------------------
8 BENEFICIALLY OWNED BY EACH Shared Voting Power
REPORTING PERSON WITH 0
---------- -------------------------------------------------------------------------------------
9 Sole Dispositive Power
133,295(2)
---------- -------------------------------------------------------------------------------------
10 Shared Dispositive Power
0
----------------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
133,295 (2)
----------------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares /_/
----------------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
Less than one percent
----------------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
============================================================================================================================
(1) Mr. Budge is a Director of PRG-Schultz International, Inc.
(2) These shares are subject to currently exercisable options.
2
ITEM 4. PURPOSE OF TRANSACTION
See Item 4 of Amendment No. 3 to Schedule 13D filed on September 3, 2002.
This Amendment No. 4 amends the Schedule 13D (the "Schedule 13D") filed
with the Securities and Exchange Commission (the "Commission") on February 4,
2002, as amended for transactions on February 22, 2002, March 27, 2002, August
22, 2002 and August 27, 2002 by the Partnership, PRG Schultz Liquidating
Investments GP, L.L.C. (the "General Partner"), Howard Schultz, Arthur N. Budge,
Jr. and certain other reporting persons who are no longer reporting persons
hereunder.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(e) As of September 20, 2002, the "Group" that filed the Schedule 13D on
February 4, 2002 ceased to beneficially own more than five percent of
the outstanding shares of common stock of PRG-Schultz.
3
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: September 25, 2002
/s/ Arthur N. Budge, Jr.
--------------------------------------------
Arthur N. Budge, Jr.
1511668