SEC Form 4 · accession 0000889609-16-000065
CONSUMER PORTFOLIO SERVICES, INC. · CPSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Terry
Officer — Sr. Vice President
Period of report
Oct 21, 2016
Accepted (ET)
Oct 25, 2016 · 6:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000889609
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, no par value | Oct 21, 2016 | M | 40,000 | $1.50 | A | 124,112 | D | |
| Common Stock, no par value | Oct 21, 2016 | F | 13,699 | $4.38 | D | 110,413 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3,F2 | $1.50 | Oct 21, 2016 | M | 40,000 | D | — | Oct 25, 2016 | Common Stoc, no par value | 40,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 26,301 shares of common stock on net exercise of option to purchase 40,000 shares of common stock. The reporting person forfeited 13,699 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on October 21, 2016 of $4.38 per share.
- F2Became exercisable as to 24,000 shares on June 10, 2010, and as to additional cumulative increments of 8,000 shares on October 25 of 2010 and 2011.
- F3Issued in consideration of the named person's services to the issuer.