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

Role
Vice President Operations, Director
Signature
Sandra L. Ahman
Issuer symbol
SRCO
Transactions as of
03 Jan 2022
Net transactions value
+$145,000
Form type
4
Filing time
05 Jan 2022, 14:00:10 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 $20,000 +250,000 $0.0800 250,000 03 Jan 2022 Common Stock 250,000 $0.0800 Direct F1
transaction SRCO Non-Qualified Stock Option Award $125,000 +1,562,500 +142% $0.0800 2,665,271 03 Jan 2022 Common Stock 1,562,500 $0.0800 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.