-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PgHjUl0bUSNaSBJJJg4c24ubqP6Dpky/bVO4S3BUHhIHMzUCOHUmfHUJlkpMTWQr Jckg0UpjAz0sRxxPAY2HNQ== 0000910680-03-000224.txt : 20030306 0000910680-03-000224.hdr.sgml : 20030306 20030306162345 ACCESSION NUMBER: 0000910680-03-000224 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030304 FILED AS OF DATE: 20030306 REPORTING-OWNER: COMPANY DATA: COMPANY CONFORMED NAME: BROWN ROBERT G/ CENTRAL INDEX KEY: 0001090394 RELATIONSHIP: DIRECTOR FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: SPAR GROUP INC STREET 2: 303 SOUTH BROADWAY SUITE 140 CITY: TARRYTOWN STATE: NY ZIP: 10591 FORMER COMPANY: FORMER CONFORMED NAME: BROWN ROBERTG // DATE OF NAME CHANGE: 19990713 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPAR GROUP INC CENTRAL INDEX KEY: 0001004989 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 330684451 STATE OF INCORPORATION: DE FISCAL YEAR END: 0101 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27408 FILM NUMBER: 03594849 BUSINESS ADDRESS: STREET 1: 580 WHITE PLAINS ROAD CITY: TARRYTOWN STATE: NY ZIP: 10591 BUSINESS PHONE: 914-332-4100 MAIL ADDRESS: STREET 1: 580 WHITE PLAINS ROAD CITY: TARRYTOWN STATE: NY ZIP: 10591 FORMER COMPANY: FORMER CONFORMED NAME: PIA MERCHANDISING SERVICES INC DATE OF NAME CHANGE: 19951220 4 1 form4rbrown30403.txt SPAR GROUP, INC. 3/4/2003 FORM 4 ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [ ] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). - -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Brown Robert G. - -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o SPAR Group, Inc. 580 White Plains Road - -------------------------------------------------------------------------------- (Street) Tarrytown New York 10591 - -------------------------------------------------------------------------------- (City) (State) (Zip) - -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol SPAR Group, Inc. ("SGRP") - -------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) - -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year March 4, 2003 - -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) - -------------------------------------------------------------------------------- 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [X] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Chairman, Chief Executive Officer and President ----------------------------------------------- - -------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by one Reporting Person [ ] Form filed by more than one Reporting Person - -------------------------------------------------------------------------------- ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 2A. 3. Disposed of (D) Securities Form: 7. Deemed Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Execution Code -------------------------- Owned at End (D) or Indirect 1. Transaction Date, if (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date any ----------- Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.01 03/4/2003 P 1,000 A $3.43 I (1) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.01 2,103,250 I (1)(2)(3) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.01 6,219,282 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Page 1 of 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. 6. Deriv- of Conver- 5. Date 7. ative Deriv- 11. sion Number of Exercisable Title and Amount Secur- ative Nature or Derivative and of Underlying 8. ities Secur- of Exer- 4. Securities Expiration Date Securities Price Bene- ity: In- cise 3. 3A. Trans- Acquired (A) (Month/Day/Year) (Instr. 3 and 4) of ficially Direct direct Price Trans- Deemed action or Disposed ---------------- ---------------- Deriv- Owned (D) or Bene- 1. of action Execution Code of(D) Amount ative at End In- ficial Title of Deriv- Date Date, if (Instr. (Instr. 3, or Secur- of direct Owner- Derivative ative (Month/ any 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ (Month/Day ------ ----------- Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par 95,747 Stock $1.30 (4) 8/2/11 value (5) D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $1.30 (6) 8/2/11 value 191,493 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $1.43 (7) 8/2/11 value 191,493 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock value 478,733 D ====================================================================================================================================
Explanation of Responses: (1) Owned as Trustee under Defined Benefit Pension Trust of SP/R, Inc. (f/k/a SPAR/Burgoyne, Inc), under which the Reporting Person is the sole beneficiary. (2) Owned as Trustee under Grantor Trust I of Robert G. Brown Dated March 22, 1999, for the benefit of Reporting Person's children. (3) Owned as Trustee under Grantor Trust II of Robert G. Brown Dated March 22, 1999, for the benefit of Reporting Person's children. (4) Vests as to 95,747 shares on August 2, 2003. (5) 382,986 option shares were granted on August 2, 2001; 287,239.5 shares have vested and been exercised; (6) All Shares become immediately vested and exercisable when the fair market value of shares is $10.00. (7) Shares are eligible to vest in five equal vesting periods through each of December 31, 2001, 2002, 2003, 2004 and 2005. For each period, Twenty percent of the options may become vested and exercisable if the fair market value of the shares equals at least $10.00 at some time such during period. On January 1, 2006 through August 2, 2006, all options which did not vest during the earlier vesting periods will become immediately exercisable if the fair market value of the shares, at any time during this seven month period, equals no less than $10.00. /s/ James Segreto 3/6/03 - --------------------------------------------- ------------------- **Signature of Reporting Person Date James Segreto, as attorney-in-fact under Power of Attorney Grant and Confirming Statement dated November 7, 2002. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 of 2 -----END PRIVACY-ENHANCED MESSAGE-----