Laurie Straten - 02 May 2022 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
Sr. Vice President
Signature
/s/ Laurie Straten
Issuer symbol
CPSS
Transactions as of
02 May 2022
Net transactions value
-$575,000
Form type
4
Filing time
04 May 2022, 19:21:55 UTC
Previous filing
17 Mar 2022
Next filing
28 Jun 2022
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 $366,600 +60,000 +44% $6.11 195,000 02 May 2022 Direct
transaction CPSS Common Stock, no par value Tax liability $366,600 -30,550 -16% $12.00 164,450 02 May 2022 Direct F1
transaction CPSS Common Stock, no par value Sale $575,000 -50,000 -30% $11.50 114,450 02 May 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 CPSS Stock Option (right to buy) Options Exercise -60,000 -100% 0 02 May 2022 Common Stock, No Par Value 60,000 $6.11 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 29,450 shares of common stock on net exercise of option to purchase 60,000 shares of common stock. The reporting person forfeited 30,550 shares of common stock underlying the option in payment of the exercise prices, using the closing stock price on May 2, 2022 of $12.00 per share.
F2 Became exercisable in cumulative increments of 15,000 shares on May 19, 2016, 2017, 2018, and 2019.
F3 Issued in consideration of the named person's services to the issuer.