SEC Form 4 · accession 0000889609-17-000040
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
Jul 28, 2017
Accepted (ET)
Aug 1, 2017 · 8:33 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 | Jul 28, 2017 | M | 20,000 | $1.50 | A | 78,787 | D | |
| Common Stock, no par value | Jul 28, 2017 | F | 7,463 | $4.02 | D | 71,324 | 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 | Jul 28, 2017 | M | 20,000 | D | — | Jul 30, 2017 | Common Stock, No Par Value | 20,000 | 0 | D |
Explanation of responses
- F1Represents a 'net exercise' of outstanding stock options. The reporting person received 12,537 shares of common stock on net exercise of option to purchase 20,000 shares of common stock. The reporting person forfeited 7,463 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on July 28, 2017 of $4.02 per share.
- F2Became exercisable in cumulative increments of 8,000 shares on June 10, 2010, and of 4,000 shares on July 30, 2010, 2011, and 2012.
- F3Issued in consideration of the named person's services to the issuer.