SEC Form 4 · accession 0000889609-17-000001
CONSUMER PORTFOLIO SERVICES, INC. · CPSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B Roberts
Director
Period of report
Jan 17, 2017
Accepted (ET)
Jan 19, 2017 · 7:12 pm EST
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 | Jan 17, 2017 | M | 30,000 | $3.48 | A | 780,000 | D | |
| Common Stock, no par value | Jan 17, 2017 | F | 20,922 | $4.99 | D | 759,078 | 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)F1 | $3.48 | Jan 17, 2017 | M | 30,000 | D | Nov 12, 2016 | May 12, 2023 | Common Stock, No Par Value | 30,000 | 0 | D |
Explanation of responses
- F1Issued in consideration of the named person's service to the issuer.
- F2Represents a "net exercise" of outstanding stock options. The reporting person received 9,078 shares of common stock on net exercise of options to purchase 30,000 shares of common stock. The reporting person forfeited 20,922 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on January 17, 2017 of $4.99 per share.