Lavin Michael T. 4
4 · CONSUMER PORTFOLIO SERVICES, INC. · Filed May 21, 2024
Insider Transaction Report
Form 4
Lavin Michael T.
Sr Vice President
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2024-05-17−90,000→ 0 totalExercise: $4.35Exp: 2024-05-17→ Common Stock, No Par Value (90,000 underlying) - Exercise/Conversion
Common Stock, no par value
2024-05-17$4.35/sh+90,000$391,500→ 90,000 total - Tax Payment
Common Stock, no par value
2024-05-17$8.60/sh−55,666$478,728→ 34,334 total - Gift
Common Stock, no par value
2024-05-17+34,334→ 353,879 total(indirect: By Trust) - Gift
Common Stock, no par value
2024-05-17−34,334→ 0 total
Footnotes (3)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 34,334 shares of common stock on net exercise of option to purchase 90,000 shares of common stock. The reporting person forfeited 55,666 shares of common stock underlying the option in payment of the exercise price and tax liability, using the closing stock price on May 17, 2024 of $8.60 per share.
- [F2]Became exercisable in four equal installments on May 12, 2018, 2019, 2020 and 2021.
- [F3]Issued in consideration of the named person's services to the issuer.