Statement of Changes in Beneficial Ownership (4)
May 04 2022 - 7:22PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Straten Laurie |
2. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES, INC.
[
CPSS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. Vice President |
(Last)
(First)
(Middle)
3800 HOWARD HUGHES PARKWAY, SUITE 1400 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/2/2022 |
(Street)
LAS VEGAS, NV 89169
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, no par value | 5/2/2022 | | M | | 60000 | A | $6.11 | 195000 | D | |
Common Stock, no par value | 5/2/2022 | | F(1) | | 30550 | D | $12.00 | 164450 | D | |
Common Stock, no par value | 5/2/2022 | | S | | 50000 | D | $11.50 | 114450 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (right to buy) | $6.11 | 5/2/2022 | | M | | | 60000 | (2) | 5/19/2022 | Common Stock, No Par Value | 60000 | (3) | 0 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | Became exercisable in cumulative increments of 15,000 shares on May 19, 2016, 2017, 2018, and 2019. |
(3) | Issued in consideration of the named person's services to the issuer. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Straten Laurie 3800 HOWARD HUGHES PARKWAY, SUITE 1400 LAS VEGAS, NV 89169 |
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| Sr. Vice President |
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Signatures
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/s/ Laurie Straten | | 5/4/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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