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

Signature
/s/ Chris Terry
Stock symbol
CPSS
Transactions as of
May 27, 2021
Transactions value $
-$4
Form type
4
Date filed
6/1/2021, 09:47 PM
Next filing
Aug 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, no par value Options Exercise $51.5K +50K +461.89% $1.03 60.8K May 27, 2021 Direct
transaction CPSS Common Stock, no par value Tax liability -$51.5K -10.9K -17.98% $4.71 49.9K May 27, 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 -50K -100% 0 May 27, 2021 Common Stock, no par value 50K $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.