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
LUSTIG, MICHAEL A.
2300 Windy Ridge Parkway
Suite 100, North
Atlanta, GA 30339-8426
USA
2. Issuer Name and Ticker or Trading Symbol
THE PROFIT RECOVERY GROUP INTERNATIONAL, INC.
PRGX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
August 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
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
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |8/5/98|M | |9,600 |A |8.00 | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |8/5/98|M | |1,000 |A |18.00 | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |8/21/9|A | |42,000 |A |N/A |53,630 |D | |
|8 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option |8.00 |8/5/9|M | |9,600 |D |(1) |12/27|Common Stock|9,600 |N/A |14,400 |D | |
| |8 | | | | | |/05 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option |18.00 |8/5/9|M | |1,000 |D |(2) |7/16/|Common Stock|1,000 |N/A |1,500 |D | |
| |8 | | | | | |06 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option |23.375 |8/21/|A |V|250,000 |A |(3) |8/21/|Common Stock|250,000|N/A |250,000 |D | |
| |98 | | | | | |08 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</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 8/21/99, 20% on 8/21/00,
20% on 8/21/01, 20% on 8/21/02 and the final 20% exercisable on
8/21/03].
SIGNATURE OF REPORTING PERSON
Michael A. Lustig by Clinton McKellar, Jr. General Counsel
DATE
September 8, 1998