Anthony L. Havens - Jan 3, 2022 Form 4 Insider Report for SPARTA COMMERCIAL SERVICES, INC. (SRCO)

Role
Chief Executive Officer, Director
Signature
Anthony L. Havens
Stock symbol
SRCO
Transactions as of
Jan 3, 2022
Transactions value $
$177,466
Form type
4
Date filed
1/5/2022, 01:17 PM
Next filing
Dec 23, 2022

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 $40K +500K +39.53% $0.08 1.77M Jan 3, 2022 Common Stock 500K $0.08 Direct F1
transaction SRCO Non-Qualified Stock Option Award $137K +1.72M +97.35% $0.08 3.48M Jan 3, 2022 Common Stock 1.72M $0.08 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.