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

Role
President
Signature
/s/ Michael T. Lavin
Stock symbol
CPSS
Transactions as of
Jan 24, 2023
Transactions value $
-$61,481
Form type
4
Date filed
1/26/2023, 02:34 PM
Previous filing
Jun 28, 2022
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, No Par Value Options Exercise $515K +75K $6.86 75K Jan 24, 2023 Direct
transaction CPSS Common Stock, No Par Value Tax liability -$539K -56.4K -75.22% $9.56 18.6K Jan 24, 2023 Direct F1
transaction CPSS Common Stock, No Par Value Options Exercise $478K +60K +322.89% $7.97 78.6K Jan 24, 2023 Direct
transaction CPSS Common Stock, No Par Value Tax liability -$515K -53.9K -68.53% $9.56 24.7K Jan 24, 2023 Direct F2
transaction CPSS Common Stock, No Par Value Gift $0 -24.7K -100% $0.00* 0 Jan 24, 2023 Direct
transaction CPSS Common Stock, No Par Value Gift $0 +24.7K +10.72% $0.00 255K Jan 24, 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 -75K -100% 0 Jan 24, 2023 Common Stock, No Par Value 75K $6.86 Direct F3, F4
transaction CPSS Stock Option (right to buy) Options Exercise -60K -100% 0 Jan 24, 2023 Common Stock, No Par Value 60K $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.