H. Bartels - Jan 28, 2022 Form 4 Insider Report for SPAR Group, Inc. (SGRP)

Role
Director, 10%+ Owner
Signature
/s/ William H. Bartels
Stock symbol
SGRP
Transactions as of
Jan 28, 2022
Transactions value $
$0
Form type
4
Date filed
2/3/2023, 05:39 AM
Previous filing
Nov 24, 2021
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGRP Common Stock, $.01 par value Options Exercise +75K 75K Jan 28, 2022 By SPAR Administrative Services, Inc. (SAS). F1, F2, F3
holding SGRP Common Stock, $.01 par value 4.93M Jan 28, 2022 Direct

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 SGRP Series B Preferred Stock, $.01 par value Award $0 +453K $0.00 453K Jan 28, 2022 Series B Preferred Stock, $.01 par value 453K Direct F4, F5, F6, F7
transaction SGRP Series B Preferred Stock, $.01 par value Award $0 +100K $0.00 100K Jan 28, 2022 Series B Preferred Stock, $.01 par value 100K By SPAR Administrative Services, Inc. (SAS). F3, F4, F5, F6, F7
transaction SGRP Series B Preferred Stock, $.01 par value Options Exercise $0 -50K -50% $0.00 50K Jan 28, 2022 Series B Preferred Stock, $.01 par value 50K By SPAR Administrative Services, Inc. (SAS). F3, F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of Common Stock from SPAR Group, Inc. (the "Issuer"), as a result of the vesting and conversion of the convertible preferred shares received from the Issuer pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among the Issuer, Robert G. Brown, William H. Bartels and others, as reported in the Issuer's Current Report on Form 8-K filed January 28, 2022.
F2 75,000 shares of Common Stock held by SPAR Administrative Services, Inc. (SAS) are beneficially owned by William H. Bartels. See Footnote 3.
F3 William H. Bartels is President and a 39% shareholder of SPAR Administrative Services, Inc. (SAS).
F4 Series B Preferred Stock are automatically convertible into the Common Stock on a 1 for 1.5 basis upon vesting.
F5 Acquisition of Series B Preferred Stock pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
F6 Vests according to schedule in Change in Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
F7 Not applicable.