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

Role
Vice President Operations, Director
Signature
Sandra L. Ahman
Stock symbol
SRCO
Transactions as of
Jan 3, 2022
Transactions value $
$145,000
Form type
4
Date filed
1/5/2022, 02:00 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 $20K +250K $0.08 250K Jan 3, 2022 Common Stock 250K $0.08 Direct F1
transaction SRCO Non-Qualified Stock Option Award $125K +1.56M +141.69% $0.08 2.67M Jan 3, 2022 Common Stock 1.56M $0.08 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 83,333 options vest immediately, 83,333 options vest 01/03/2023, and 83,334 options vest 01/03/2024.
F2 The Corporation issued Ahman options to convert $125,000 of deferred salary owed to Ahman.