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
JOEL M. SHAPS
1228 GRONWALL COURT
LOS ALTOS, CA 94024
USA
2. Date of Event Requiring Statement (Month/Day/Year)
JANUARY 2, 1997
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(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
PRESIDENT - The Shaps Group, Inc.
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
<TABLE>
<CAPTION>
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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) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C>
COMMON STOCK, NO PAR VALUE PER SHARE | 281,250 | D | |
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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) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
OPTION TO PURCHASE
COMMON STOCK |* |1/2/2007 |COMMON STOCK |50,000 |$14.50 |D |
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CALL OPTION (OBLIGA-
TION TO SELL)** |8/1/96 |6/30/97 |COMMON STOCK |18,750 |$ 1.17 |**
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</TABLE>
Explanation of Responses:
* The Option vests and becomes exercisable in 20% increments, with 20% becoming
exercisable on January 2, 1998, an additional 20% becoming exercisable on
January 2, 1999, an additional 20% becoming exercisable on January 2, 2000, an
additional 20% becoming exercisable on January 2, 2001 and the final 20%
becoming exercisable on January 2, 2002.
** This call option represents an option written by the reporting person on
August 1, 1996 to purchase securities held by the reporting person.
SIGNATURE OF REPORTING PERSON
JOEL M. SHAPS
DATE
JANUARY 8, 1997
CONFIRMING STATEMENT
This Statement confirms that the undersigned has authorized and
designated the General Counsel or the Chief Financial Officer of The Profit
Recovery Group 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 The Profit Recovery Group International, Inc. The authority of the
General Counsel or the Chief Financial Officer of The Profit Recovery Group
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 The Profit Recovery Group
International, Inc., unless earlier revoked in writing. The undersigned
acknowledges that the General Counsel or the Chief Financial Officer of The
Profit Recovery Group 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 9, 1997 /s/ Joel M. Shaps
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Joel M. Shaps
396212.1
