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4//SEC Filing

SPARTA COMMERCIAL SERVICES, INC. 4

Accession 0001309642-14-000003

$SRCOCIK 0000318299operating

Filed

Aug 24, 8:00 PM ET

Accepted

Aug 25, 2:58 PM ET

Size

5.9 KB

Accession

0001309642-14-000003

Insider Transaction Report

Form 4
Period: 2014-08-22
Transactions
  • Award

    Options to purchase

    2014-08-22+27,41727,417 total
    Exercise: $0.50From: 2014-08-22Exp: 2016-10-22Common Stock (27,417 underlying)
Footnotes (2)
  • [F1]Pursuant to resolutions of the Company's Board of Directors dated August 22, 2014, the exercise price of Mr. Bean's 1,333 options expiring October 22, 2014 has been reduced from $9.00 to $0.50 and the expiration date has been extended to October 22, 2016, the exercise price of Mr. Bean's 12,750 options expiring May 12, 2015 has been reduced from $1.875 to $0.50 and the expiration date has been extended to May 12, 2017, and the exercise price of Mr. Bean's 13,333 options expiring November 22, 2016 has been reduced from $0.60 to $0.50 and the expiration date has been extended to November 22, 2018.
  • [F2]See note #1 for various expiration dates.

Issuer

SPARTA COMMERCIAL SERVICES, INC.

CIK 0000318299

Entity typeoperating

Related Parties

1
  • filerCIK 0000318299

Filing Metadata

Form type
4
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 2:58 PM ET
Size
5.9 KB