SEC Form 4 · accession 0001019687-15-001589
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
Apr 22, 2015
Accepted (ET)
Apr 22, 2015 · 6:23 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 | Apr 20, 2015 | M | 20,000 | $1.50 | A | 55,804 | D | |
| common stock, no par valueF1 | Apr 20, 2015 | F | 4,412 | $6.80 | A | 51,392 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $1.50 | Apr 20, 2015 | M | 20,000 | D | Jun 10, 2010 | Apr 29, 2015 | common stock, no par | 20,000 | 0 | D |
Explanation of responses
- F1Represents a net exercise of outstanding stock options. The reporting person received 15,588 shares of common stock on net exercise of an option to purchase 20,000 shares of common stock. The reporting person forfeited 4,412 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on April 20, 2015 of $6.80 per share.
- F2Issued in consideration of (i) the named person's services to the issuer, and surrender of the option identified on line 11 of Table II of the report on Form 4 filed by this reporting person on December 14, 2009.