SEC Form 4 · accession 0001209191-18-042445

CONSUMER PORTFOLIO SERVICES, INC. · CPSS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

CITIGROUP INC

10% Owner

Period of report

Jul 10, 2018

Accepted (ET)

Jul 12, 2018 · 4:07 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^F1,F2	Jul 10, 2018	X	2,000,000	$0.00	A	2,000,000	I	By Subsidiary
Common Stock^F2	Jul 10, 2018	S	5	$4.00	D	1,999,995	I	By Subsidiary

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants^F2,F1	$0.00	Jul 10, 2018	X	2,000,000	D	Jul 10, 2008	Jul 10, 2018	Common Stock	2,000,000	0	I

Explanation of responses

F1The exercise price of the warrant securities ("Warrants") is $0.00001 per share of common stock.
F2These Shares are beneficially owned by Citigroup Financial Products Inc. ("CFP"). Citigroup Global Markets Holdings Inc. ("CGM Holdings") is the sole stockholder of CFP. Citigroup Inc. ("Citigroup") is the sole stockholder of CGM Holdings.
F3On July 10, 2018, the reporting person exercised a warrant to purchase 2,000,000 shares of the Issuer's common stock for $0.00001 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 5 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 1,999,995 shares.

Remarks

Although the reporting person was previously the beneficial owner of more than 10% of the Issuer's securities ("10% Owner"), as a result of changes to the total amount of common stock outstanding of the Issuer, the reporting person is no longer a 10% Owner.