Michael T. Lavin - May 3, 2022 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
Executive Vice President
Signature
/s/ Michael T. Lavin
Stock symbol
CPSS
Transactions as of
May 3, 2022
Transactions value $
-$274,046
Form type
4
Date filed
5/5/2022, 07:49 PM
Previous filing
May 4, 2022
Next filing
Jun 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, No Par Value Options Exercise $550K +90K $6.11 90K May 3, 2022 Direct
transaction CPSS Common Stock, No Par Value Tax liability -$824K -60.2K -66.92% $13.68 29.8K May 3, 2022 Direct F1
transaction CPSS Common Stock, No Par Value Gift $0 -29.8K -100% $0.00* 0 May 3, 2022 Direct
transaction CPSS Common Stock, No Par Value Gift $0 +29.8K +14.81% $0.00 231K May 3, 2022 MTRB LAVIN LIVING TRUST

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 -90K -100% 0 May 3, 2022 Common Stock, No Par Value 90K $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 29,770 shares of common stock on net exercise of option to purchase 90,000 shares of common stock. The reporting person forfeited 60,230 shares of common stock underlying the option in payment of the exercise prices and tax liability, using the closing stock price on May 3, 2022 of $13.68 per share.
F2 Became exercisable in cumulative increments of 22,500 shares on May 19, 2016, 2017, 2018, and 2019.
F3 Issued in consideration of the named person's service to the issuer.