Michael T. Lavin - 24 Jan 2023 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
President
Signature
/s/ Michael T. Lavin
Issuer symbol
CPSS
Transactions as of
24 Jan 2023
Net transactions value
-$61,481
Form type
4
Filing time
26 Jan 2023, 14:34:32 UTC
Previous filing
28 Jun 2022
Next filing
10 May 2023
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 $514,500 +75,000 $6.86 75,000 24 Jan 2023 Direct
transaction CPSS Common Stock, No Par Value Tax liability $539,356 -56,418 -75% $9.56 18,582 24 Jan 2023 Direct F1
transaction CPSS Common Stock, No Par Value Options Exercise $478,200 +60,000 +323% $7.97 78,582 24 Jan 2023 Direct
transaction CPSS Common Stock, No Par Value Tax liability $514,825 -53,852 -69% $9.56 24,730 24 Jan 2023 Direct F2
transaction CPSS Common Stock, No Par Value Gift $0 -24,730 -100% $0.000000* 0 24 Jan 2023 Direct
transaction CPSS Common Stock, No Par Value Gift $0 +24,730 +11% $0.000000 255,489 24 Jan 2023 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 -75,000 -100% 0 24 Jan 2023 Common Stock, No Par Value 75,000 $6.86 Direct F3, F4
transaction CPSS Stock Option (right to buy) Options Exercise -60,000 -100% 0 24 Jan 2023 Common Stock, No Par Value 60,000 $7.97 Direct F4, F5
* 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 18,582 shares of common stock on net exercise of option to purchase 75,000 shares of common stock. The reporting person forfeited 56,418 shares of common stock underlying the option in payment of the exercise prices and tax liability, using the closing stock price on January 24, 2023 of $9.56 per share.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 6,148 shares of common stock on net exercise of option to purchase 60,000 shares of common stock. The reporting person forfeited 53,852 shares of common stock underlying the option in payment of the exercise prices and tax liability, using the closing stock price on January 24, 2023 of $9.56 per share.
F3 Became exercisable in cumulative increments of 15,000 shares on February 1, 2014, 2015, 2016, 2017, and 2018.
F4 Issued in consideration of the named person's services to the issuer.
F5 Became exercisable in cumulative increments of 12,000 shares on May 7, 2014, 2015, 2016, 2017, and 2018.