SEC Form 4 · accession 0000889609-18-000001
CONSUMER PORTFOLIO SERVICES, INC. · CPSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Rayhill
Director
Period of report
Jan 4, 2018
Accepted (ET)
Jan 8, 2018 · 3:34 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 4, 2018 | M | 10,000 | $3.18 | A | 30,000 | D | |
| Common Stock, no par valueF1 | Jan 4, 2018 | F | 7,663 | $4.15 | D | 22,337 | 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)F2 | $3.18 | Jan 4, 2018 | M | 10,000 | A | Jul 30, 2008 | Jan 30, 2018 | Common Stock, No Par Value | 10,000 | 0 | D |
Explanation of responses
- F1Represents a net exercise of outstanding stock options. The reporting person received 2,337 shares of common stock on net exercise of an option to purchase 10,000 shares of common stock. The reporting person forfeited 7,663 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on January 3, 2018 of $4.15 per share.
- F2Issued in consideration of the named person's service to the issuer.