BARTELS WILLIAMS H 4
4 · SPAR Group, Inc. · Filed Feb 3, 2023
Insider Transaction Report
Form 4
SPAR Group, Inc.SGRP
BARTELS WILLIAMS H
DirectorVice Chairman10% Owner
Transactions
- Exercise/Conversion
Common Stock, $.01 par value
2022-11-10+206,460→ 5,159,214 total - Exercise/Conversion
Series B Preferred Stock, $.01 par value
2022-11-10−137,640→ 263,847 total→ Series B Preferred Stock, $.01 par value (137,640 underlying)
Holdings
- 150,000(indirect: By SPAR Administrative Services, Inc. (SAS).)
Common Stock, $.01 par value
Footnotes (5)
- [F1]Acquisition of Common Stock from SPAR Group, Inc. (the "Issuer"), as a result of the vesting and conversion of the convertible preferred shares received from the Issuer pursuant to Change of Control, Voting and Restricted Stock Agreement, by and among the Issuer, Robert G. Brown, William H. Bartels and others, as reported in the Issuer's Current Report on Form 8-K filed January 28, 2022.
- [F2]William H. Bartels is President and a 39% shareholder of SPAR Administrative Services, Inc. (SAS).
- [F3]Series B Preferred Stock are automatically convertible into the Common Stock on a 1 for 1.5 basis upon vesting.
- [F4]Vests according to schedule in Change in Control, Voting and Restricted Stock Agreement, by and among SPAR Group, Inc., Robert G. Brown, William H. Bartels and others, as reported in SPAR Group, Inc.'s Current Report on Form 8-K filed January 28, 2022.
- [F5]Not applicable.