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                     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*

     Bartels                       William                 H.
- --------------------------------------------------------------------------------
   (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 7, 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)

                                 Vice Chairman
                                 -------------
- --------------------------------------------------------------------------------
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- 2A. Securities Acquired (A) or Amount of ship Deemed 3. Disposed of (D) Securities Form: 7. Execution Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Date, if Code -------------------------- Owned Follow- (D) or Indirect 1. Transaction any (Instr. 8) (A) ing Reported Indirect Beneficial Title of Security Date (mm/dd/yy) ----------- Amount or Price Transactions (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) (Instr. 3 and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, $.01 par value 3/7/03 P 2,000 A $3.54 I (2) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, $.01 par value 3/7/03 P 1,000 A $3.54 I (2) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, $.01 par value 5,227,406(1) D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, $.01 par value 12,000 I (2) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Page 1 of 2 (Over) 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 Following In- ficial Title of Deriv- Date Date, if (Instr. (Instr. 3, or Secur- Trans- direct Owner- Derivative ative (Month/ any 8) 4 and 5) Date Expira- Number ity actions (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 Stock, Option to $.01 buy Common par 58,999 Stock $1.30 (3) 8/2/11 value (4) D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, Option to $.01 buy Common par Stock $1.30 (5) 8/2/11 value 153,846 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, Option to $.01 buy Common par Stock $1.43 (6) 8/2/11 value 82,150 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, Option to $.01 buy Common par Stock value 294,995 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Explanation of Responses: (1) Includes 250,000 shares owned by Stella Bartels. (2) Owned as beneficiary under WHB Services, Inc. Defined Benefit Trust. (3) Vests as to 58,999 shares on August 2, 2003. (4) 235,996 option shares were granted on August 2, 2001; 176,997 shares have vested and been exercised; (5) Shares become immediately vested and exercisable when the market value of shares is $10.00. (6) 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/ William H. Bartels March 10, 2003 - --------------------------------------------- ------------------- **Signature of Reporting Person Date William H. Bartels * 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