SEC Form 4 · accession 0000889609-18-000012
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 6, 2018
Accepted (ET)
Feb 8, 2018 · 6:48 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 6, 2018 | M | 30,000 | $0.77 | A | 101,772 | D | |
| Common Stock, no par value | Feb 6, 2018 | F | 5,423 | $4.26 | D | 96,349 | 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 | $0.77 | Feb 6, 2018 | M | 30,000 | D | — | May 13, 2019 | Common Stock, No Par Value | 30,000 | 30,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 24,577 shares of common stock on net exercise of option to purchase 30,000 shares of common stock. The reporting person forfeited 5,423 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on February 5, 2018 of $4.26 per share.
- F2Became exercisable as to 6,000 shares on May 13, 2010, and as to additional cumulative increments of 12,000 shares on May 13, 2011 and 2012.
- F3Issued in consideration of the named person's services to the issuer.