SGRP Spar Group Inc

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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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                       

1. Name and Address of Reporting Person * SEGRETO JAMES R	2. Issuer Name and Ticker or Trading Symbol SPAR GROUP INC [ SGRP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Chief Financial Officer
(Last)          (First)          (Middle) C/O SPAR GROUP, INC., 333 WESTCHESTER AVE, SOUTH BLDG, STE 204	3. Date of Earliest Transaction (MM/DD/YYYY) 8/9/2017
(Street) WHITE PLAINS, NY 10604 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.01 par value	7/18/2019		M		53556 (1)	A	$0.40	71001	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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
Option to buy Common Stock	$1.05	8/9/2017		A		25000		(2)	8/9/2027	Common Stock, $.01 par value	25000	$1.05	295500	D
Option to buy Common Stock	$1.23	5/3/2018		A		20000		(3)	5/3/2028	Common Stock, $.01 par value	20000	$1.23	315500	D
Option to buy Common Stock	$0.64	4/5/2019		A		20000		(4)	4/5/2029	Common Stock, $.01 par value	20000	$0.64	335500	D
Option to buy Common Stock	$0.40	7/18/2019		M			120500	(5)	8/6/2019	Common Stock, $.01 par value	120500	$0.40	215000	D

Explanation of Responses:
(1)	Shares the result of a cashless exercise of 120,500 options on July 18, 2019.
(2)	Vests as to 6,250 shares on each of August 9, 2018, 2019, 2020 and 2021, respectively.
(3)	Vests as to 5,000 shares on each of May 3, 2019, 2020, 2021 and 2022, respectively.
(4)	Vests as to 5,000 shares on each of April 5, 2020, 2021, 2022 and 2023, respectively.
(5)	Vested as to 30,125 shares on each of August 6, 2010, 2011, 2012 and 2013, respectively.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
SEGRETO JAMES R C/O SPAR GROUP, INC. 333 WESTCHESTER AVE, SOUTH BLDG, STE 204 WHITE PLAINS, NY 10604			Chief Financial Officer

Signatures
/s/ James R. Segreto		11/25/2019
**Signature of Reporting Person		Date