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

Role
Director, 10%+ Owner
Signature
/s/ William H. Bartels
Issuer symbol
SGRP
Transactions as of
28 Jan 2022
Net transactions value
$0
Form type
4
Filing time
03 Feb 2023, 05:39:58 UTC
Previous filing
24 Nov 2021
Next filing
03 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGRP Common Stock, $.01 par value Options Exercise +75,000 75,000 28 Jan 2022 By SPAR Administrative Services, Inc. (SAS). F1, F2, F3
holding SGRP Common Stock, $.01 par value 4,927,084 28 Jan 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 +452,975 $0.000000 452,975 28 Jan 2022 Series B Preferred Stock, $.01 par value 452,975 Direct F4, F5, F6, F7
transaction SGRP Series B Preferred Stock, $.01 par value Award $0 +100,000 $0.000000 100,000 28 Jan 2022 Series B Preferred Stock, $.01 par value 100,000 By SPAR Administrative Services, Inc. (SAS). F3, F4, F5, F6, F7
transaction SGRP Series B Preferred Stock, $.01 par value Options Exercise $0 -50,000 -50% $0.000000 50,000 28 Jan 2022 Series B Preferred Stock, $.01 par value 50,000 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.