Lavin Michael T. 4
4 · CONSUMER PORTFOLIO SERVICES, INC. · Filed May 10, 2023
Insider Transaction Report
Form 4
Lavin Michael T.
Sr Vice President
Transactions
- Exercise/Conversion
Common Stock, no par value
2023-05-09$3.48/sh+45,000$156,600→ 45,000 total - Tax Payment
Common Stock, no par value
2023-05-09$10.80/sh−25,944$280,195→ 19,056 total - Exercise/Conversion
Common Stock, no par value
2023-05-09$3.48/sh+45,000$156,600→ 64,056 total - Gift
Common Stock, no par value
2023-05-09−64,056→ 0 total - Gift
Common Stock, no par value
2023-05-09+64,056→ 319,545 total(indirect: By Trust) - Exercise/Conversion
Stock Option (right to buy)
2023-05-09−90,000→ 0 totalExercise: $3.48Exp: 2023-05-12→ Common Stock, No Par Value (90,000 underlying)
Footnotes (3)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 19,056 shares of common stock on net exercise of option to purchase 45,000 shares of common stock. The reporting person forfeited 25,944 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on May 9, 2023 of $10.80 per share.
- [F2]Became exercisable in cumulative increments of 22,500 shares on May 12, 2017, 2018, 2019, and 2020.
- [F3]Issued in consideration of the named person's services to the issuer.