SEC Form 4 · accession 0000889609-17-000005
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
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 5:00 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 | Feb 23, 2017 | M | 10,000 | $1.50 | A | 65,211 | D | |
| Common Stock, no par value | Feb 23, 2017 | F | 2,847 | $5.27 | D | 62,364 | 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 | Feb 23, 2017 | M | 10,000 | D | — | Feb 27, 2017 | Common Stock, No Par Value | 10,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 7,153 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The reporting person forfeited 2,847 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on February 23, 2017 of $5.27 per share.
- F2Became exercisable as to 6,000 shares on June 10, 2010, and as to additional cumulative increments of 2,000 shares on February 27 of 2011 and 2012.
- F3Issued in consideration of the named person's services to the issuer.