Chris Terry - 27 May 2021 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
Sr. Vice President
Signature
/s/ Chris Terry
Issuer symbol
CPSS
Transactions as of
27 May 2021
Net transactions value
-$3.85
Form type
4
Filing time
01 Jun 2021, 21:47:16 UTC
Next filing
06 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, no par value Options Exercise $51,500 +50,000 +462% $1.03 60,825 27 May 2021 Direct
transaction CPSS Common Stock, no par value Tax liability $51,504 -10,935 -18% $4.71 49,890 27 May 2021 Direct F1

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 CPSS Stock Option (right to buy) Options Exercise -50,000 -100% 0 27 May 2021 Common Stock, no par value 50,000 $1.03 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 39,065 shares of common stock on net exercise of option to purchase 50,000 shares of common stock. The reporting person forfeited 10,935 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on May 27, 2021 of $4.71 per share.
F2 Became exercisable in cumulative increments of 10,000 shares on June 3, 2012, 2013, 2014, 2015 and 2016.
F3 Issued in consideration of the named person's services to the issuer.