SEC Form 4 · accession 0000889609-18-000008
CONSUMER PORTFOLIO SERVICES, INC. · CPSS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Adams
Director
Period of report
Jan 29, 2018
Accepted (ET)
Jan 31, 2018 · 5:41 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 29, 2018 | M | 10,000 | $3.18 | A | 106,203 | D | |
| Common Stock, no par value | Jan 29, 2018 | F | 6,990 | $4.55 | D | 99,213 | 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 29, 2018 | M | 10,000 | D | 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 3,010 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The reporting person forfeited 6,990 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on January 29, 2018 of $4.55 per share.
- F2Issued in consideration of the named person's services to the issuer.