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OMB APPROVAL
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OMB Number 3235-0287
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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*
Bartels William H.
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(Last) (First) (Middle)
c/o SPAR Group, Inc.
580 White Plains Road
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(Street)
Tarrytown NY 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/Year
September, 2001
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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 [X] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Vice Chairman
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock, par value
$.01 per share 9/25/01 M 117998 A $1.30 D
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Common Stock, par value
$.01 per share 9/04/01 P 1000 A $2.00 D
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Common Stock, par value
$.01 per share 9/05/01 P 1000 A $2.00 D
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Common Stock, par value
$.01 per share 9/06/01 P 1000 A $2.08 D
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Common Stock, par value
$.01 per share 9/07/01 P 1000 A $2.15 D
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Common Stock, par value
$.01 per share 9/10/01 P 1000 A $2.19 D
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Common Stock, par value
$.01 per share 9/28/01 P 3000 A $1.95 4,888,487 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
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)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Common Stock Common
$.01 par value $5.50 01/09/01 D V 235,996 (1) 07/08/09 Stock 235,996 D
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Common Stock Common
$.01 par value $5.50 01/09/01 D V 235,996 (2) 07/08/09 Stock 235,996 D
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Common Stock Common
$.01 par value $1.30 08/02/01 A V 235,996 (3) 08/02/11 Stock 235,996 D
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Common Stock Common
$.01 par value $1.30 08/02/01 A V 153,846 (2) 08/02/11 Stock 153,846 D
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Common Stock Common
$.01 par value $1.43 08/02/01 A V 82,150 (4) 08/02/06 Stock 82,150 D
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Common Stock Common
$.01 par value $1.30 09/25/01 M 117,998 (3) 08/02/11 Stock 117,998 353,994 D
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Explanation of Responses:
(1) Vests in four equal annual installments.
(2) Vests when Company's stock price equals $10.00 per share, as reported on the Nasdaq SmallCap Market or such other
national market as the Company's stock may trade on.
(3) 117,998 shares immediately exercisable with the balance exercisable in two equal annual installments beginning 8/2/02.
(4) Vesting in five installments each at the later of a specified date (beginning on 1/2/01) or on such date prior to the
end of the referenced calendar year as the stock attains(at least once after the date of issuance) a fair market value
of $10.00 per share as determined in accordance with the provisions of the Plan, provided that all shares of a given
tranche not so vested by the end of any referenced calendar year prior to 2006 shall instead become vested on the
later to occur of January 1, 2006, or the date the stock attains (at least once after the date of issuance) a fair
market value of $10.00 per share.
/s/ William H. Bartels 10/10/01
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**Signature of Reporting Person Date
William H. Bartels
** 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.
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