U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
LUSTIG, MICHAEL A.
2300 Windy Ridge Parkway
Suite 100, North
Atlanta, GA 30339-8426
USA
2. Date of Event Requiring Statement (Month/Day/Year)
August 1, 1996
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
THE PROFIT RECOVERY GROUP INTERNATIONAL, INC.
PRGX
5. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Executive Vice President - Operations
6. If Amendment, Date of Original (Month/Day/Year)
August 12, 1996
<TABLE>
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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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<S> <C> <C> <C>
NONE | | | |
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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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<S> <C> <C> <C> <C> <C> <C> <C>
Option |(1) |12/27/05 |Common Stock |24,000 |$ 8.00 |D | |
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Option |(2) |07/16/06 |Common Stock | 2,500 |$18.00 |D | |
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Option |(3) |07/31/06 |Common Stock |25,000 |$19.875 |D | |
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</TABLE>
Explanation of Responses:
(1) Option vests over a five year period in 20% increments each on the
anniversary date of the date of Grant [20% on 12/27/96, 20% on 12/27/97,
20% on 12/27/98, 20% on 12/27/99 and the final 20% exercisable on
12/27/00].
(2) Option vests over a five year period in 20% increments each on the
anniversary date of the date of Grant [20% on 7/16/97, 20% on 7/16/98,
20% on 7/16/99, 20% on 7/16/00 and the final 20% exercisable on
7/16/01].
(3) Option vests over a five year period in 20% increments each on the
anniversary date of the date of Grant [20% on 7/31/97, 20% on 7/31/98,
20% on 7/31/99, 20% on 7/31/00 and the final 20% exercisable on
7/31/01].
SIGNATURE OF REPORTING PERSON
MICHAEL A. LUSTIG
DATE
August 12, 1996
