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 * BELZER KORI 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 Operations Officer
(Last)         (First)         (Middle)
C/O SPAR GROUP, INC., 333 WESTCHESTER AVE, SOUTH BLDG, STE 204
3. Date of Earliest Transaction (MM/DD/YYYY)
5/3/2018
(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

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  $1.23  5/3/2018    A     20000       (1) 5/3/2028  Common Stock, $.01 par value  20000  $1.23  210000  D   
Option to buy Common Stock  $0.64  4/5/2019    A     25000       (2) 4/5/2029  Common Stock, $.01 par value  25000  $0.64  235000  D   

Explanation of Responses:
(1)  Vests as to 5,000 shares on each of May 3, 2019, 2020, 2021 and 2022, respectively.
(2)  Vests as to 6,250 shares on each of April 5, 2020, 2021, 2022 and 2023, respectively.

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


Chief Operations Officer

Signatures
/s/ James Segreto, as attorney-in-fact under Power of Attorney Grant & Confirming statement dated March 5, 2004 12/11/2019
**Signature of Reporting Person Date
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