Anthony L. Havens - 03 Jan 2022 Form 4 Insider Report for SPARTA COMMERCIAL SERVICES, INC. (SRCO)

Role
Chief Executive Officer, Director
Signature
Anthony L. Havens
Issuer symbol
SRCO
Transactions as of
03 Jan 2022
Net transactions value
+$177,466
Form type
4
Filing time
05 Jan 2022, 13:17:34 UTC
Next filing
23 Dec 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SRCO Non-Qualified Stock Option Award $40,000 +500,000 +40% $0.0800 1,765,008 03 Jan 2022 Common Stock 500,000 $0.0800 Direct F1
transaction SRCO Non-Qualified Stock Option Award $137,466 +1,718,322 +97% $0.0800 3,483,330 03 Jan 2022 Common Stock 1,718,322 $0.0800 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 166,667 options vest immediately, 166,667 options vest 01/03/2023, and 166,666 options vest 01/03/2024.
F2 The Corporation issued Havens options to convert $137,465.76 of deferred salary owed to Havens.