SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* FRANCO PATRICIA (Last) (First) (Middle) SPAR GROUP INC 580 WHITE PLAINS RD. (Street) TARRYTOWN NY 10591 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/16/1999	3. Issuer Name and Ticker or Trading Symbol SPAR GROUP INC [ SGRP ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Senior Vice President	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock$.01 par Value	52,800	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to buy Common Stock	(1)	11/16/2009	Option to buy Common Stock	10,000	3.07	D
Option to buy Common Stock	(3)	12/04/2010	Option to buy Common Stock	10,000	0.625	D
Option to buy Common Stock	(2)	08/03/2010	Option to buy Common Stock	2,000	1.2188	D
Option to buy Common Stock	(4)	04/06/2011	Option to buy Common Stock	2,000	0.875	D
Option to buy Common Stock	(5)	05/09/2011	Option to buy Common Stock	2,000	1.1	D
Option to buy Common Stock	(6)	08/02/2011	Option to buy Common Stock	10,000	1.3	D
Option to buy Common Stock	(7)	08/02/2011	Option to buy Common Stock	40,000	1.3	D
Option to buy Common Stock	(8)	08/02/2011	Option to buy Common Stock	25,000	1.3	D
Option to buy Common Stock	(9)	02/14/2012	Option to buy Common Stock	10,000	1.78	D
Option to buy Common Stock	(10)	08/08/2012	Option to buy Common Stock	15,000	2.25	D
Option to buy Common Stock	(11)	02/13/2013	Option to buy Common Stock	20,500	2.99	D
Option to buy Common Stock	(12)	05/09/2013	Option to buy Common Stock	16,000	3.8	D
Option to buy Common Stock	(13)	08/07/2013	Option to buy Common Stock	750	4.65	D
Option to buy Common Stock	(14)	11/05/2013	Option to buy Common Stock	250	3.89	D
Option to buy Common Stock	(15)	02/25/2014	Option to buy Common Stock	25,000	2.73	D

Explanation of Responses:

1. Vests as to 2500 shares each on 11/16/2000,11/16/2001,11/16/2002 and 11/16/2003

2. Vests as to 500 shares each on 8/3/2001,8/3/2002,8/3/2003 and 8/3/2004

3. Vests as to 2,500 shares each on 12/4/2001,12/4/2002,12/4/2003 and 12/4/2004

4. Vests as to 500 shares each on 4/6/2002,4/6/2003,4/6/2004 and 4/6/2005

5. Vests as to 500 shares each on 5/9/2002,5/9/2003,5/9/2004 and 5/9/2005

6. Vests as to 2500 shares each on 8/2/2002,8/2/2003,8/2/2004 and 8/2/2005

7. Vests as to 20,000 shares on 8/2/2001 & 10,000 shares each on 8/2/2002, and 8/2/2003

8. Vests as to 12,500 shares on 8/2/2001 & 6,250 shares each on 8/2/2002, and 8/2/2003

9. Vests as to 2,500 shares each on 2/14/2003,2/14/2004,2/14/2005 and 2/14/2006

10. Vests as to 3,750 shares each on 8/8/2003, 8/8/2004, 8/8/2005 and 8/8/2006

11. Vests as to 5,125 shares each on 2/13/2004, 2/13/2005, 2/13/2006 and 2/13/2007

12. Vests as to 4,000 shares each on 5/9/2004 ,5/9/2005 ,5/9/2006 and 5/9/2007

13. Vests as to 188 shares each on 8/7/2004 & 8/7/05 and 187 shares each on 8/7/2006, and 8/7/2007

14. Vests as to 63 shares each on 11/5/2004 & 11/5/05 and 62 shares each on 11/5/2006, and 11/5/2007

15. Vests as to 6,250 shares each on 2/25/2005, 2/25/2006, 2/25/2007 and 2/25/2008

	James Segreto, as attorney-in-fact under POA Grant and Confirming Statement dated Nov. 7, 2002	03/30/2004
	** Signature of Reporting Person	Date
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 5 (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).
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