Laurie Straten - May 3, 2023 Form 4 Insider Report for CONSUMER PORTFOLIO SERVICES, INC. (CPSS)

Role
Exec. Vice President
Signature
/s/ Laurie Ann Straten
Stock symbol
CPSS
Transactions as of
May 3, 2023
Transactions value $
-$9
Form type
4
Date filed
5/5/2023, 03:39 PM
Previous filing
Jan 24, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPSS Common Stock, no par value Options Exercise $717K +90K +73.74% $7.97 212K May 3, 2023 Direct
transaction CPSS Common Stock, no par value Tax liability -$717K -71K -33.49% $10.10 141K May 3, 2023 Direct F1
transaction CPSS Common Stock, no par value Options Exercise $209K +60K +42.54% $3.48 201K May 3, 2023 Direct
transaction CPSS Common Stock, no par value Tax liability -$209K -20.7K -10.28% $10.10 180K May 3, 2023 Direct F2

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, 2023 Common Stock, No Par Value 90K $7.97 Direct F3, F4
transaction CPSS Stock Option (right to buy) Options Exercise -60K -100% 0 May 3, 2023 Common Stock, No Par Value 60K $3.48 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 18,980 shares of common stock on net exercise of option to purchase 90,000 shares of common stock. The reporting person forfeited 71,020 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on May 3, 2023 of $10.10 per share.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 39,326 shares of common stock on net exercise of option to purchase 60,000 shares of common stock. The reporting person forfeited 20,674 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on May 3, 2023 of $10.10 per share.
F3 Became exercisable in cumulative increments of 18,000 shares on May 7, 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 15,000 shares on May 12, 2017, 2018, 2019, and 2020.