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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).

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1.   Name and Address of Reporting Person*

     Gilbert                        Jerry                  B.
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)

    c/o SPAR Group, Inc.
    580 White Plains Road
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                                    (Street)

    Tarrytown                       New York             10591
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   (City)                           (State)              (Zip)


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2.   Issuer Name and Ticker or Trading Symbol


     SPAR Group, Inc. ("SGRP")
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3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)


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4.   Statement for Month/Day/Year

     March 31, 2003
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5.   If Amendment, Date of Original (Month/Year)


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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [ ]  10% Owner
     [ ]  Officer (give title below)           [ ]  Other (specify below)


- --------------------------------------------------------------------------------
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 at End (D) or Indirect 1. Transaction any (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date (mm/dd/yy) ----------- Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ None - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
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 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 Stock $.01 3/31/03 A 1,071 Immed. 3/31/13 value 1,071 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $.01 Immed. 12/31/12 value 791 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $.01 Immed. 9/30/12 value 1,179 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $.01 Immed. 6/28/12 value 1,111 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $2.26 6/4/03 6/4/12 value 2,500 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $.01 Immed. 3/28/12 value 1,117 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $.01 Immed. 12/31/11 value 1,405 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $.01 Immed. 11/11/11 value 1,997 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock $1.20 Immed. 5/31/11 value 10,000 D - ------------------------------------------------------------------------------------------------------------------------------------ Common Option to Stock, buy Common $.01 par Stock value 21,171 D ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Explanation of Responses: /s/ Lawrence David Swift 04/02/03 - --------------------------------------------- ------------------- **Signature of Reporting Person Date Lawrence David Swift, as attorney-in-fact under Power of Attorney Grant and Confirming Statement dated November 7, 2002 * 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