Raymond Gary S 4
4 · SPAR GROUP INC · Filed Aug 19, 2011
Insider Transaction Report
Form 4
SPAR GROUP INCSGRP
Raymond Gary S
DirectorCHIEF EXECUTIVE OFFICER10% Owner
Transactions
- Award
Common Stock, $.01 par value, restricted
2011-03-10$2.34/sh+100,000$234,000→ 150,200 total - Purchase
Common Stock, $.01 par value
2011-08-17$1.16/sh+3,000$3,480→ 153,200 total
Footnotes (1)
- [F1]On March 10, 2011, the Issuer's Compensation Committee awarded 100,000 restricted shares of the Issuer's common stock as additional compensation to the Reporting Person, Gary S. Raymond, the Company's Chief Executive Officer and President. The restricted shares vest (and the Issuer will issue and deliver to Mr. Raymond) 20,000 shares per year over the next five (5) year on each anniversary of such grant, starting on March 10, 2012, and continuing through March 10, 2016, provided that Mr. Raymond continues to be so employed by the Issuer on the applicable vesting date. If Mr. Raymond leaves such employment, he will lose his right to receive any unvested shares.