X0202 4 2007-12-13 1 0001293243 PRA International PRAI 0001418814 ValueAct Holdings, L.P. 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001418813 ValueAct Holdings GP, LLC 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001418812 VA Partners I, LLC 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001375350 VA Partners III, LLC 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001351069 ValueAct Capital Management, L.P. 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 0001351073 ValueAct Capital Management, LLC 435 PACIFIC AVENUE, 4TH FLOOR SAN FRANCISCO CA 94133 0 0 1 0 Common Stock 2007-12-13 4 J 0 3946584 30.5 D 0 I See Footnotes Common Stock 2007-12-13 4 J 0 651600 30.5 D 0 I See Footnotes Stock Option (right to buy) 24.61 2007-12-13 4 D 0 40000 5.89 D 2014-06-12 Common Stock 40000 0 I See footnote Disposed of in exchange for $30.50 per share pursuant to the Agreement and Plan of Merger, dated as of July 24, 2007, by and among PRA International, GG Holdings I, Inc., and GG Merger Sub I, Inc, the closing of which occurred on December 13, 2007. The reported stock is owned directly by ValueAct Capital Master Fund, L.P. and may be deemed to be beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. The reported stock is owned directly by ValueAct Capital Master Fund III, L.P. and may be deemed to be beneficially owned by (i) VA Partners III, LLC as General Partner of ValueAct Capital Master Fund III, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund III, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners III, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. This option, which provided for vesting in four equal annual installments beginning June 12, 2008, was cancelled pursuant to the Agreement and Plan of Merger, dated as of July 24, 2007, by and among PRA International, GG Holdings I, Inc., and GG Merger Sub I, Inc., and converted into a right to receive a cash payment of an amount equal to (1) the excess of $30.50 over the exercise price per share of the common stock subject to the option, multiplied by (2) the number of shares of common stock subject to the option. The stock options were granted to Gregory P. Spivy in his capacity as a Director of the Issuer. Mr. Spivy holds the stock options for the benefit of ValueAct Capital Master Fund, L.P. & ValueAct Capital Master Fund III, L.P. & may be deemed to be beneficially owned by (i)VA Partners I, LLC as General Partner ("GP") of ValueAct Capital Master Fund, L.P. (ii)VA Partners III, LLC as GP of ValueAct Capital Master Fund III, L.P (iii)ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P. & ValueAct Capital Master Fund III, L.P. (iv)ValueAct Capital Management, LLC as GP of ValueAct Capital Management, L.P. (v)ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. & the membership interests of ValueAct Capital Management, LLC & as the majority owner of the membership interests of VA Partners I, LLC & VA Partners III, LLC & (vi)ValueAct Holdings GP, LLC as GP of ValueAct Holdings, L.P. Joint Filer Information: Name: ValueAct Capital Master Fund, L.P. Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133 Designated Filer: ValueAct Holdings, L.P. Issuer and Ticker: PRA International (PRAI) Date of Event Requiring Statement: 12/13/07 Name: ValueAct Capital Master Fund III, L.P. Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133 Designated Filer: ValueAct Holdings, L.P. Issuer and Ticker: PRA International (PRAI) Date of Event Requiring Statement: 12/13/07 Name: VA Partners I, LLC Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133 Designated Filer: ValueAct Holdings, L.P. Issuer and Ticker: PRA International (PRAI) Date of Event Requiring Statement: 12/13/07 Name: VA Partners III, LLC Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133 Designated Filer: ValueAct Holdings, L.P. Issuer and Ticker: PRA International (PRAI) Date of Event Requiring Statement: 12/13/07 Name: ValueAct Capital Management, L.P. Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133 Designated Filer: ValueAct Holdings, L.P. Issuer and Ticker: PRA International (PRAI) Date of Event Requiring Statement: 12/13/07 Name: ValueAct Capital Management, LLC Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133 Designated Filer: ValueAct Holdings, L.P. Issuer and Ticker: PRA International (PRAI) Date of Event Requiring Statement: 12/13/07 Name: ValueAct Holdings GP, LLC Address: 435 Pacific Avenue, 4th Floor, San Francisco, CA 94133 Designated Filer: ValueAct Holdings, L.P. Issuer and Ticker: PRA International (PRAI) Date of Event Requiring Statement: 12/13/07 VALUEACT HOLDINGS, L.P., By: VALUEACT HOLDINGS GP, LLC, its General Partner, By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17 VALUEACT CAPITAL MASTER FUND, L.P., By: VA PARTNERS I, LLC, its General Partner, By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17 VALUEACT CAPITAL MASTER FUND III, L.P., By: VA PARTNERS III, LLC, its General Partner, By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17 VA PARTNERS I, LLC, By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17 VA PARTNERS III, LLC, By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17 VALUEACT CAPITAL MANAGEMENT, L.P., By: VALUEACT CAPITAL MANAGEMENT, LLC, its General Partner,By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17 VALUEACT CAPITAL MANAGEMENT, LLC, By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17 VALUEACT HOLDINGS GP, LLC, By: /s/ George F. Hamel. Jr., Chief Operating Officer 2007-12-17